 Though its exact population is unknown, it is considered widespread and occurs in protected areas, although its minor threats may be deforestation, but nonetheless is classified Least Concern.It is found in multistratal evergreen forests and dry thorn forests and forages near streams and is found hollow trees, logs, caverns, or houses with groups up to twelve.The head and body length measures at 43.8 mm for males and 44.6 for females and males usually weigh about 5 g while females weigh 5.7 g.

"Micronycteris megalotis" is considered a small bat in its genus, although the size of it varies slightly depending on geographical location.