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
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(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.)