Overview
Bladex Q2 net profit rises 28% YoY to $64.2 mln
Net interest income hits record $67.7 mln, driven by higher business volumes
Fee income surges 59% YoY, reflecting strong performance across business lines
Result Drivers
NET INTEREST INCOME - Record-high net interest income driven by higher average business volumes and margin stability
FEE INCOME - Record fee income due to strong performance in all business lines, including largest ever structured transaction
CREDIT PORTFOLIO - All-time high credit portfolio supported by strong credit demand across all business products
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | $90 mln | ||
Q2 EPS | $1.73 | ||
Q2 Net Income | $64.20 mln | ||
Q2 Net Interest Income | $67.70 mln | ||
Q2 Credit Loss Provision | -$5 mln | ||
Q2 Operating Expenses | -$20.80 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the corporate financial services peer group is "buy"
Wall Street's median 12-month price target for Foreign Trade Bank of Latin America Inc is $43.10, about 5.9% above its August 4 closing price of $40.57
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago
Press Release: ID:nPnbDQtD5a
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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