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Banco Latinoamericano De Comercio (BLX)
NYSE:BLX
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
$1.27Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: 11.54%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial growth, with record-breaking figures in commercial portfolio, deposits, and net income. Despite challenges such as an increase in Stage 3 loans and rising expenses, the strategic plan implementation and upward revised growth guidance contribute to a positive outlook.Company Guidance
During Bladex's third quarter 2024 earnings call, CEO Jorge Salas provided updated guidance for the remainder of the year, highlighting several key metrics. The commercial portfolio reached a record $9.7 billion, up 5% quarter-on-quarter and 17% year-on-year, while deposits also hit a new high of $5.6 billion, marking a significant 34% growth over the past year. Noninterest income rose by 45% year-to-date, with $7 million generated from the letters of credit business in the last quarter alone. Despite increased competitive pressures, the bank achieved a record net income of $53 million, a 16% annual increase, resulting in a 16.4% return on equity. Looking forward, the bank revised its commercial portfolio growth projection to 14% and expects deposit growth to reach 30% for the year, with an improved efficiency ratio forecasted at 26%. Additionally, the anticipated return on equity for 2024 has been increased to a range of 15% to 16%, up from the previous guidance of 14% to 15%.Record-Breaking Commercial Portfolio Growth
The commercial portfolio reached $9.7 billion, marking a 17% year-on-year increase and a 5% quarter-on-quarter growth.
Strong Deposit Growth
Deposits reached a record of $5.6 billion, showing a 34% increase over the last 12 months.
Significant Increase in Net Income
Net income for the third quarter was $53 million, a 16% increase compared to the same period last year.
High Return on Equity
Return on equity stood at 16.4% for the quarter.
Strong Fee Income Growth
Fee income increased by 45% for the first 9 months of the year compared to last year.
Positive Strategic Plan Implementation
The bank is transitioning to the expansion phase of its 5-year plan, with significant progress on new trade finance and treasury platforms.
Upward Revised Growth Guidance
Revised guidance projects commercial portfolio growth close to 14% and deposit growth at 30% for 2024.
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BLX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BLX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $32.33 | $31.96 | -1.14% |
| Jul 23, 2024 | $33.00 | $31.57 | -4.33% |
| Apr 18, 2024 | $28.15 | $28.18 | +0.11% |
| Feb 22, 2024 | $22.98 | $25.51 | +11.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Banco Latinoamericano De Comercio (BLX) report earnings?
Banco Latinoamericano De Comercio (BLX) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Banco Latinoamericano De Comercio (BLX) earnings time?
Banco Latinoamericano De Comercio (BLX) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BLX EPS forecast?
Currently, no data Available
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