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BLX

Banco Latinoamericano de Comercio Exterior, S. A.

BLX

Banco Latinoamericano de Comercio Exterior, S. A. • NYSE
$44.90 ▼ -0.51% (-0.23)
Market Cap $1.66 B
52w High $48.38
52w Low $31.14
Dividend Yield 2.50%
P/E 7.48
Volume 90.05K
Outstanding Shares 37.04M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $209.03M ▼ $21.327M ▲ $54.968M ▼ 26.297% ▼ $1.48 ▼ $56.02M ▼
Q2-2025 $216.734M ▲ $20.839M ▼ $64.2M ▲ 29.622% ▲ $1.73 ▲ $65.253M ▲
Q1-2025 $202.113M ▲ $21.001M ▲ $51.732M ▲ 25.596% ▼ $1.4 $52.751M ▲
Q4-2024 $190.036M ▼ $8.078M ▼ $51.49M ▼ 27.095% ▲ $1.4 ▼ $52.501M ▼
Q3-2024 $209.635M $21.042M $52.993M 25.279% $1.44 $53.886M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $0 ▼ $12.498B ▼ $10.851B ▼ $1.646B ▲
Q2-2025 $2.072B ▲ $12.674B ▲ $11.259B ▲ $1.415B ▲
Q1-2025 $2.002B ▼ $12.395B ▲ $11.024B ▲ $1.371B ▲
Q4-2024 $2.063B ▲ $11.859B ▲ $10.521B ▲ $1.337B ▲
Q3-2024 $1.811B $11.412B $10.102B $1.31B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $64.184M ▲ $874.827M ▲ $-95.765M ▼ $-642.21M ▼ $136.852M ▲ $873.525M ▲
Q1-2025 $51.732M ▲ $196.569M ▲ $-71.438M ▼ $-170.982M ▼ $-45.851M ▼ $196.258M ▲
Q4-2024 $51.49M ▼ $-305.132M ▲ $10.636M ▲ $506.008M ▲ $211.512M ▲ $-305.92M ▲
Q3-2024 $52.993M ▲ $-622.947M ▼ $-66.044M ▼ $496.276M ▲ $-192.715M ▼ $-623.765M ▼
Q2-2024 $50.122M $-58.621M $-35.391M $228.976M $134.964M $-58.749M

Five-Year Company Overview

Income Statement

Income Statement Profitability has improved very sharply over the past few years. Revenue has grown meaningfully from a low base, and profits have climbed even faster, showing that the bank is not just growing but doing so more efficiently. Margins look healthy for a specialized lender, and earnings per share have risen steadily, which signals that shareholders are getting more benefit per share over time. The flip side is that results remain tied to regional trade flows and interest rate conditions in Latin America, so performance could be sensitive to any downturn in the region’s economies or credit cycle.

Balance Sheet

Balance Sheet The balance sheet has expanded significantly, with total assets rising as the bank has grown its book of business across Latin America. Cash and liquid resources appear solid, but growth has been funded largely through higher borrowings rather than large increases in equity. This is common for banks, yet it means leverage has crept up compared with a few years ago. Equity has increased, but at a slower pace than assets, so capital discipline and asset quality remain important things to watch if economic conditions weaken in the region.

Cash Flow

Cash Flow Reported cash flows are choppy, with sizeable swings from positive to negative operating cash flow over the period. For a bank, this often reflects changes in lending volumes and funding mix rather than underlying profitability, which has actually improved. Still, the pattern underscores how dependent the business is on access to funding markets and on the timing of loan growth. With essentially no spending needs for physical capital, the real focus is on how reliably the bank can fund its loan book and manage liquidity through different market environments.

Competitive Edge

Competitive Edge Bladex occupies a specialized niche as a trade finance bank focused on Latin America and the Caribbean. Its long operating history, deep regional knowledge, and relationships with top corporate and financial clients give it an edge that is not easy for newcomers to replicate. The original backing from regional central banks and public entities adds credibility and can translate into preferred treatment in some situations. At the same time, its concentration in one region exposes it to political and economic swings there, and it still faces competition from large global banks and emerging fintech platforms targeting cross-border trade.

Innovation and R&D

Innovation and R&D The bank is leaning into digital transformation rather than standing still. By adopting a modern trade finance platform (CGI Trade360) and partnering with a specialized fintech network (Komgo), it is upgrading how it processes, monitors, and structures trade flows for clients. These moves can make services faster, more transparent, and more flexible, while also helping to generate more fee-based income over time. Investment in cyber security and internal systems shows attention to operational risk as well. The main execution risk is ensuring strong client adoption of these new tools and successfully expanding its fintech ecosystem across the region.

Summary

Bladex today looks like a focused, growing regional trade finance bank with improving profitability and an expanding balance sheet. Earnings have strengthened meaningfully, helped by better efficiency and a favorable backdrop for trade and interest margins. The bank’s niche positioning, long-standing relationships, and quasi-official roots give it a solid competitive base, which it is reinforcing through targeted digital initiatives and fintech alliances. Key risks are tied to its higher leverage, dependence on funding markets, and concentrated exposure to Latin American economies and politics. Overall, the story is one of a specialized bank riding a growth and modernization wave, but still closely linked to the health and stability of its home region.

NEWS

October 28, 2025 · 6:00 PM UTC

BLADEX ANNOUNCES QUARTERLY DIVIDEND PAYMENT FOR THIRD QUARTER 2025

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October 28, 2025 · 4:41 PM UTC

Bladex closes US$700 million syndicated loan as Joint Lead Arranger for YPF to finance its exports

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October 28, 2025 · 7:00 AM UTC

Bladex Selects Nasdaq Calypso to Advance Treasury Operations and Drive Strategic Growth

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October 17, 2025 · 1:00 PM UTC

Bladex´s Third Quarter 2025 Conference Call

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October 7, 2025 · 7:00 AM UTC

Bladex Leads Syndicated Loan to Support Cemento Panam's Expansion in Panama

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