NYSE$BLX

Banco Latinoamericano de Comercio Exterior S A · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Bladex announced its First Quarter 2025 financial results, reporting a net profit of $51.7 million and an annualized return on equity of 15.4%.

Bladex reported a net profit of $51.7 million for the first quarter of 2025, a 1% increase year-over-year, driven by strong top-line performance with total revenues increasing 7% year-over-year. The annualized return on equity reached 15.4%.

  • Net Profits increased 1% year-over-year to $51.7 million in 1Q25.
  • Total revenues increased 7% year-over-year to $77.9 million.
  • Net Interest Income increased 4% year-over-year to $65.3 million, driven by increased business volumes.
  • Credit Portfolio reached an all-time high of $11,950 million, up 22% year-over-year, due to strong credit demand and business growth.

Headline financials

Total Revenue

$77.9M

Previous: $72.6M+7.4%
EPS (adj)

$1.40

Previous: $1.40+0.0%
Return on Equity

15.4%

No prior period
Net Interest Margin

2.4%

No prior period
Efficiency Ratio

26.9%

No prior period
Credit Portfolio

$12B

No prior period
Tier 1 Capital Ratio

15.1%

No prior period
Capital Adequacy Ratio

13.5%

No prior period
Liquid Assets to Total Assets

14.9%

No prior period
Allowance to Credit Portfolio

0.8%

No prior period
Allowance to Impaired Credits

5.3

No prior period
Net Income

$51.7M

Previous: $51.3M+0.8%
Operating Income

$51.7M

No prior period

Revenue & EPS history

Bladex · Revenue · Quarterly

$77.9M

Q1 2025+7.4%vs Q1 2024
Beat estimate in 10 of 12 quarters(83%)
ActualEstimate

Forward guidance

The Board of Directors approved a quarterly common dividend of $0.625 per share for 1Q25, payable on June 3, 2025, to shareholders registered as of May 16, 2025.

Tailwinds

  • Continued strong credit demand and business growth from new client onboarding and product cross-selling.
  • Ample and constant access to interbank and debt capital markets for funding.
  • Well-diversified funding sources across geographies and currencies.
  • Maintenance of a robust reserve coverage for impaired credits.
  • Strategic initiatives enhancing the deposit base and overall funding structure.

Headwinds

  • Impact of lower market rates on Net Interest Margin.
  • Increased USD market liquidity driving competitive pricing.
  • Increased headcount and ongoing investments in technology and business initiatives leading to higher operating expenses.
  • Seasonally slower first quarter and increased market volatility impacting business growth.
  • Provision requirements partly offsetting solid top-line performance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.5%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+0.8%

Avg return

30 days after

54%

35 / 65 earnings

Positive

+16.3%

Q4 2018

Best reaction

-17.8%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.7%-1.5%+4.7%
Q4 2025+3.0%-0.3%-3.0%
Q3 2025-5.9%-3.8%+0.0%
Q1 2025-0.5%+2.9%+3.8%
Q4 2024+10.2%+3.4%-4.0%
Q3 2024-2.0%+0.8%+5.1%
Q2 2024-2.2%-0.9%-11.0%
Q1 2024+1.4%+2.5%+5.2%
Q4 2023+13.0%+13.9%+22.0%
Q3 2023-2.0%-3.9%+9.0%
Q2 2023+1.9%+3.9%+5.4%
Q1 2023+2.2%+0.0%+5.5%
Q4 2022+9.7%+11.0%+3.3%
Q3 2022+0.6%+2.0%+5.3%
Q2 2022+3.4%+3.6%+4.5%
Q1 2022-2.0%-2.3%-4.1%
Q4 2021-0.9%-2.0%-1.5%
Q3 2021-2.7%-4.7%-10.8%
Q2 2021+2.6%+0.1%+6.2%
Q1 2021+5.9%+4.9%+1.7%
Q4 2020-0.1%+0.7%+5.8%
Q3 2020-5.3%-5.2%+9.6%
Q2 2020+8.3%+6.1%+13.9%
Q1 2020+0.9%+4.0%+7.4%
Q4 2019+0.2%-1.0%-22.0%
Q3 2019-0.1%+4.5%+11.6%
Q2 2019+2.3%+4.4%-6.7%
Q1 2019+4.6%+2.0%-4.6%
Q4 2018+16.3%+12.4%+8.4%
Q3 2018-17.8%-15.1%-9.0%
Q2 2018+0.5%+0.5%-7.4%
Q1 2018-7.4%-8.9%-8.4%
Q4 2017+0.0%+3.1%+1.3%
Q3 2017-0.6%+0.0%-0.2%
Q2 2017-7.3%-6.3%-7.9%
Q1 2017-1.1%+1.6%-4.3%
Q4 2016-2.5%+0.1%-4.4%
Q3 2016-5.5%-3.1%+0.9%
Q2 2016-3.6%-4.1%+0.6%
Q3 2015+9.5%
Q1 2016+4.3%
Q4 2015+3.8%
Q2 2015-10.4%
Q1 2015-4.5%
Q4 2014+6.9%
Q3 2014+1.1%
Q1 2014+1.9%
Q2 2014+1.9%
Q4 2013+3.0%
Q3 2013-1.6%
Q2 2013-1.5%
Q1 2013-1.5%
Q4 2011+0.8%
Q4 2012+1.0%
Q3 2012-2.7%
Q4 2010-1.2%
Q4 2009-1.2%
Q1 2012+0.0%
Q2 2012+0.0%
Q3 2011-5.1%
Q2 2011+2.5%
Q1 2011+2.6%
Q3 2010+0.4%
Q2 2010+1.4%
Q1 2010-0.1%

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