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Banco Latinoamericano De Comercio (BLX)
NYSE:BLX
Earnings Data
Report Date
Feb 28, 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:Feb 27, 2025
|% Change Since: 10.95%
|Next Earnings Date:Apr 16, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted a record-breaking year for Banco Latinoamericano de Comercio Exterior, S.A., with significant growth in net income, commercial portfolio, and fee income, alongside robust risk management and strategic execution. However, there are concerns about the potential impact of US policies and net interest margin pressure, as well as increased expenses. Overall, the bank demonstrated strong performance and resilience but faces some challenges ahead.Company Guidance
In the fourth quarter of 2024, Banco Latinoamericano de Comercio Exterior, S.A. delivered outstanding financial performance, reaching a net income of $206 million, a 24% increase from the previous year, and a return on equity of 16.2%. Key achievements included an 18% growth in the commercial portfolio to $10 billion and a 23% rise in year-end deposits, both surpassing guidance. The bank's tier one capital ratio remained strong at 15.5%, and the efficiency ratio was maintained below 27%. Net interest income rose by 11% to $259 million, driven by increased loan volumes and a stable net interest margin of 2.47%. Furthermore, fee income saw an unprecedented growth of 37%, with notable contributions from letters of credit and loan structuring fees. Looking ahead to 2025, the bank projects commercial portfolio growth of 10-12%, deposit growth of 15-17%, and aims to sustain an efficiency ratio around 27%, despite ongoing investments in IT platforms.Record-Breaking Year
Banco Latinoamericano de Comercio Exterior, S.A. achieved a historic milestone with a commercial portfolio growth of 18%, reaching $10 billion, and deposits increasing by 23% for year-end closing balances. Net income reached an all-time high of $206 million, marking a 24% increase from the previous year, with a return on equity of 16.2%.
Strong Fee Income Growth
Fee income grew by 37% year-over-year, reaching $44 million for 2024, driven by strong performance in letters of credit and loan structuring fees.
Robust Risk Management
Non-performing loans remained minimal at just 0.2% of total exposure with robust reserve coverage, highlighting disciplined risk management practices.
Successful Strategic Plan Execution
The bank successfully concluded the first phase of its strategic plan, improving efficiency and expanding its client base by 70% and deposit base by 78%.
Strong Capital Position
The bank's tier one capital ratio was 15.5%, well within the defined target, and the board approved an increase in quarterly dividends.
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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 |
|---|---|---|---|
| Feb 27, 2025 | $38.19 | $42.37 | +10.95% |
| 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% |
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 28, 2025, TBA Not Confirmed.
What is Banco Latinoamericano De Comercio (BLX) earnings time?
Banco Latinoamericano De Comercio (BLX) earnings time is at Feb 28, 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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