CORRECTED-Panama's Bladex Q4 net profit rises 9%

Reuters
Feb 13
CORRECTED-Panama's Bladex Q4 net profit rises 9%

Corrects Key Details table to show "Impairment losses on financial instruments", not "Credit Loss Provision", was -$5.40 mln, not $5.40 mln

Overview

  • Panama multinational bank's Q4 net profit rises 9% yr/yr to $56.0 mln

  • Net interest income for Q4 improved 6% yr/yr, driven by higher average business volumes

  • Company increased quarterly dividend by 10% to $0.6875 per share

Outlook

  • Bladex did not provide specific future guidance in the press release

Result Drivers

  • BUSINESS GROWTH - Continued business growth and strengthened revenue generation contributed to a 9% increase in net profits for Q4

  • STRONG NON-INTEREST INCOME - Fees and non-interest income increased by 57% YoY, driven by core trade-finance and structuring activities

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

$88.80 mln

Q4 EPS

$1.50

Q4 Net Income

$56 mln

Q4 Net Interest Income

$70.80 mln

Q4 Impairment losses on financial instruments

-$5.40 mln

Q4 Operating Expenses

$27.40 mln

Press Release: ID:nPn8zhQHra

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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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