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BLX logoBanco Latinoamericano de Comercio Exterior, S. A.(BLX)Earnings, Financials & Key Ratios

BLX•NYSE•Banking & Credit
$54.94
$2.05B mkt cap·9.0× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryNon-US regional and universal banks
AboutBanco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It offers short and medium-term bilateral loans, structured and syndicated credits, and loan commitments; financial guarantee contracts, such as issued and confirmed letters of credit, and stand-by letters of credit; and guarantees covering commercial risk and other assets, as well as co-financing arrangements, underwriting of syndicated credit facilities, structured trade financing in the form of factoring and vendor financing, and financial leasing. The company also provides treasury solutions, including term deposits and private placements. It primarily serves financial institutions, corporations, and sovereigns and state-owned entities. The company was formerly known as Banco Latinoamericano de Exportaciones, S.A. and changed its name to Banco Latinoamericano de Comercio Exterior, S. A. in June 2009. Banco Latinoamericano de Comercio Exterior, S. A. was founded in 1977 and is headquartered in Panama City, the Republic of Panama.Show more
  • Net Interest Income$271M+4.6%
  • Total Revenue$340M-58.1%
  • Net Income$227M+10.2%
  • Return on Equity15.05%-7.1%
  • Net Interest Margin2.12%-3.0%
  • Efficiency Ratio26.68%+174.1%
  • ROA1.84%+1.1%
  • Equity / Assets13.13%+16.4%
  • Book Value per Share45.21+24.2%
  • Tangible BV/Share44.92+23.7%
  • Debt/Equity2.49-27.4%
Technical→

BLX Key Insights

Banco Latinoamericano de Comercio Exterior, S. A. (BLX) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 29.0%
  • ✓Strong Piotroski F-Score: 7/9
  • ✓Efficient operations: 26.7% efficiency ratio
  • ✓Well capitalized: 13.1% equity/assets
  • ✓Good 3Y average ROE of 15.3%
  • ✓Healthy dividend yield of 4.5%

✗Weaknesses

  • ✗High debt to equity ratio of 2.5x

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

BLX Price & Volume

Banco Latinoamericano de Comercio Exterior, S. A. (BLX) stock price & volume — 10-year historical chart

Loading chart...

BLX Growth Metrics

Banco Latinoamericano de Comercio Exterior, S. A. (BLX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years3.39%
5 Years12.53%
3 Years0.88%
TTM-

Profit CAGR

10 Years8.12%
5 Years28.97%
3 Years35.09%
TTM10.21%

EPS CAGR

10 Years8.67%
5 Years30.73%
3 Years33.99%
TTM9.11%

Return on Capital

10 Years2.71%
5 Years3.36%
3 Years3.92%
Last Year2.65%

BLX Recent Earnings

Banco Latinoamericano de Comercio Exterior, S. A. (BLX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (100%)●Beat Revenue 5/12 qtrs (63%)
Q2 2026Latest
Apr 27, 2026
EPS
$1.31
Revenue
$83M
Est $83M
+0.0%
Q1 2026
Feb 12, 2026
EPS
$1.50
Revenue
$89M
Est $31M
+383.0%
Q4 2025
Oct 28, 2025
EPS
$1.48
Revenue
$209M
Q3 2025
Aug 4, 2025
EPS
$1.73
Revenue
$217M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 27, 2026
$1.31
$83Mvs $83M+0.0%
Q1 2026Feb 12, 2026
$1.50
$89Mvs $31M+383.0%
Q4 2025Oct 28, 2025
$1.48
$209M
Q3 2025Aug 4, 2025
$1.73
$217M
Based on last 12 quarters of dataView full earnings history →

BLX Peer Comparison

Banco Latinoamericano de Comercio Exterior, S. A. (BLX) competitors in Non-US regional and universal banks — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
BBAR logoBBARBanco BBVA Argentina S.A.Direct Competitor3.19B15.6212.59-31.12%9.12%0.13
BMA logoBMABanco Macro S.A.Direct Competitor4.84B76.9721.07-33.31%6.12%0.11
GGAL logoGGALGrupo Financiero Galicia S.A.Direct Competitor5.76B43.445.10-23.52%12.91%0.36
SUPV logoSUPVGrupo Supervielle S.A.Direct Competitor765.15M8.74-18.6513.71%-5.24%1.04
CIB logoCIBGrupo Cibest S.A.Direct Competitor15.86B66.848.690.02%17.21%0.47
BSAC logoBSACBanco Santander-ChileDirect Competitor14.85B31.520.03-4.96%21.52%2.77
BAP logoBAPCredicorp Ltd.Product Competitor25.92B326.5516.486.4%17.35%1.07
ITUB logoITUBItaú Unibanco Holding S.A.Product Competitor93.13B8.4510.6218.03%20.64%4.71

Compare BLX vs Peers

Banco Latinoamericano de Comercio Exterior, S. A. (BLX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BBAR

Most directly comparable listed peer for BLX.

Scale Benchmark

vs JPM

Larger-name benchmark to compare BLX against a more recognizable public peer.

Peer Set

Compare Top 5

vs BBAR, BMA, GGAL, SUPV

BLX Income Statement

Banco Latinoamericano de Comercio Exterior, S. A. (BLX) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income119.81M109.74M109.52M92.45M86.78M148.01M233.18M259.21M271.18M
NII Growth %-22.8%-8.41%-0.21%-15.58%-6.13%70.56%57.54%11.16%4.62%
Net Interest Margin %1.91%1.44%1.51%1.47%1.08%1.59%2.17%2.19%2.12%
Interest Income226.08M258.49M273.68M180.97M140.88M332.62M679.26M785.03M768.46M
Interest Expense106.26M148.75M164.17M88.52M54.1M184.61M446.08M525.82M497.28M
Loan Loss Provision9.93M000019.52M27.46M0-475.18M
Non-Interest Income9.06M-40.91M15.72M7.21M14.86M-1.88M4.15M25.57M-428.86M
Non-Interest Income %3.85%-18.81%5.43%3.83%9.54%-0.57%0.61%3.15%-126.29%
Total Revenue
235.14M▲ 0%
217.57M▼ 7.5%
289.4M▲ 33.0%
188.18M▼ 35.0%
155.74M▼ 17.2%
330.75M▲ 112.4%
683.41M▲ 106.6%
810.6M▲ 18.6%
339.6M▼ 58.1%
Revenue Growth %5.18%-7.47%33.01%-34.98%-17.24%112.37%106.63%18.61%-58.11%
Non-Interest Expense36.95M57.69M39.18M36.06M38.95M34.58M43.71M78.91M90.6M
Efficiency Ratio15.71%26.51%13.54%19.16%25.01%10.45%6.4%9.73%26.68%
Operating Income
82M▲ 0%
11.14M▼ 86.4%
86.05M▲ 672.6%
63.59M▼ 26.1%
62.7M▼ 1.4%
92.04M▲ 46.8%
166.16M▲ 80.5%
205.87M▲ 23.9%
226.9M▲ 10.2%
Operating Margin %34.87%5.12%29.73%33.79%40.26%27.83%24.31%25.4%66.81%
Operating Income Growth %-5.8%-86.42%672.61%-26.1%-1.41%46.8%80.53%23.9%10.21%
Pretax Income
82M▲ 0%
11.14M▼ 86.4%
86.05M▲ 672.6%
63.59M▼ 26.1%
62.7M▼ 1.4%
92.04M▲ 46.8%
166.16M▲ 80.5%
205.87M▲ 23.9%
226.9M▲ 10.2%
Pretax Margin %34.87%5.12%29.73%33.79%40.26%27.83%24.31%25.4%66.81%
Income Tax000000000
Effective Tax Rate %0%0%0%0%0%0%0%0%0%
Net Income
82M▲ 0%
11.14M▼ 86.4%
86.05M▲ 672.6%
63.59M▼ 26.1%
62.7M▼ 1.4%
92.04M▲ 46.8%
166.16M▲ 80.5%
205.87M▲ 23.9%
226.9M▲ 10.2%
Net Margin %34.87%5.12%29.73%33.79%40.26%27.83%24.31%25.4%66.81%
Net Income Growth %-5.8%-86.42%672.61%-26.1%-1.41%46.8%80.53%23.9%10.21%
Net Income (Continuing)82M11.14M86.05M63.59M62.7M92.04M166.16M205.87M226.9M
EPS (Diluted)
2.08▲ 0%
0.28▼ 86.5%
2.17▲ 675.0%
1.60▼ 26.3%
1.62▲ 1.3%
2.54▲ 56.8%
4.55▲ 79.1%
5.60▲ 23.1%
6.11▲ 9.1%
EPS Growth %-6.31%-86.54%675%-26.27%1.25%56.79%79.13%23.08%9.11%
EPS (Basic)2.090.282.171.601.622.544.555.606.11
Diluted Shares Outstanding39.33M39.54M39.58M39.66M38.8M36.3M36.48M36.74M37.14M

BLX Balance Sheet

Banco Latinoamericano de Comercio Exterior, S. A. (BLX) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments672.05M1.75B1.18B863.81M1.25B1.24B2.06B2.06B1.93B
Cash & Due from Banks672.05M1.75B1.18B863.81M1.25B1.24B2.05B1.96B1.92B
Short Term Investments00000011.87M99.49M1.57M
Total Investments5.53B5.79B88.79M5.3B6.53B7.78B8.29B1.3B10.64B
Investments Growth %-8.24%4.69%-98.47%5863.4%23.37%19.13%6.54%-84.3%717.73%
Long-Term Investments5.53B5.79B88.79M5.3B6.53B7.78B8.28B1.2B10.64B
Accounts Receivables36.25M54.76M41.76M28.3M24.71M71.68M115.53M122.23M94.3M
Goodwill & Intangibles5.42M1.63M1.43M1.98M1.59M2.1M2.6M3.66M10.74M
Goodwill000000000
Intangible Assets5.42M1.63M1.43M1.98M1.59M2.1M2.6M3.66M10.74M
PP&E (Net)8.82M7.04M18.75M16.43M18.29M17.71M18.99M19.68M19.67M
Other Assets17M12.7M-108.97M80.2M204.2M167.13M265.75M8.44B190.18M
Total Current Assets708.3M1.8B1.22B895.13M1.28B1.31B2.18B2.19B1.93B
Total Non-Current Assets5.56B5.81B108.97M5.39B6.76B7.97B8.57B9.67B10.86B
Total Assets
6.27B▲ 0%
7.61B▲ 21.4%
7.25B▼ 4.7%
6.29B▼ 13.3%
8.04B▲ 27.8%
9.28B▲ 15.5%
10.74B▲ 15.7%
11.86B▲ 10.4%
12.79B▲ 7.8%
Asset Growth %-12.72%21.4%-4.72%-13.25%27.81%15.5%15.72%10.38%7.82%
Return on Assets (ROA)1.22%0.16%1.16%0.94%0.88%1.06%1.66%1.82%1.84%
Accounts Payable25.12M26.37M18.3M17.46M14.86M69.82M97.24M92.92M8.75M
Total Debt2.21B3.56B3.14B2B3.75B4.73B4.68B4.58B4.18B
Net Debt1.54B1.81B1.96B1.13B2.5B3.49B2.63B2.62B2.26B
Long-Term Debt1.14B1.5B1.52B1.59B1.72B2.22B2.63B2.7B4.03B
Short-Term Debt1.07B2.06B1.6B391.6M2.01B2.49B2.03B1.87B130.51M
Other Liabilities51.38M51.59M-1.54B89.67M236.56M198.17M312.27M392.23M6.93B
Total Current Liabilities4.03B5.07B1.61B3.56B5.07B5.78B6.58B7.4B130.51M
Total Non-Current Liabilities1.19B1.55B3.14B1.69B1.98B2.44B2.96B3.12B10.98B
Total Liabilities5.22B6.62B6.23B5.25B7.05B8.21B9.54B10.52B11.11B
Total Equity
1.04B▲ 0%
993.59M▼ 4.7%
1.02B▲ 2.3%
1.04B▲ 2.1%
991.79M▼ 4.4%
1.07B▲ 7.8%
1.2B▲ 12.6%
1.34B▲ 11.1%
1.68B▲ 25.5%
Equity Growth %3.11%-4.72%2.27%2.14%-4.44%7.82%12.58%11.08%25.54%
Equity / Assets (Capital Ratio)16.64%13.06%14.02%16.5%12.34%11.52%11.2%11.28%13.13%
Return on Equity (ROE)7.98%1.09%8.56%6.19%6.18%8.93%14.62%16.2%15.05%
Book Value per Share26.5225.1325.6826.1725.5629.4633.0036.4045.21
Tangible BV per Share26.3825.0925.6426.1225.5229.4032.9336.3044.92
Common Stock279.98M279.98M279.98M279.98M279.98M279.98M279.98M279.98M279.98M
Additional Paid-in Capital119.94M119.99M120.36M120.41M120.04M120.5M122.05M124.97M125.15M
Retained Earnings479.71M423.05M446.08M464.09M487.88M543.61M673.28M792M1.08B
Accumulated OCI226.43M231.65M229.41M231.44M219.68M239.35M238.69M245.85M295.69M
Treasury Stock-63.25M-61.08M-59.67M-58M-115.8M-114.1M-110.17M-105.6M-97.6M
Preferred Stock000000000

BLX Cash Flow Statement

Banco Latinoamericano de Comercio Exterior, S. A. (BLX) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations716.35M-173.59M-92.43M1.25B-871.71M-769.65M1.06B-1.13B373.66M
Operating CF Growth %-8.64%-124.23%46.75%1449.54%-169.88%11.71%238%-206.14%133.15%
Net Income82M11.14M86.05M63.59M62.7M92.04M166.16M205.87M226.88M
Depreciation & Amortization2.42M2.46M3.56M4.34M3.49M2.71M3.09M3.56M0
Deferred Taxes000000000
Other Non-Cash Items22.84M74.35M-25.01M11.72M15.02M27.44M66.44M-34.23M161.87M
Working Capital Changes608.8M-262.59M-158.82M1.17B-954.83M-894.01M820.95M-1.31B-15.1M
Cash from Investing10.16M-21.52M31.07M-319.9M-446.08M-166.66M-12.77M-180.02M-995.82M
Purchase of Investments-18.38M-36.58M-18.32M-372.05M-628.44M-458.98M-447.13M-474.74M-700.26M
Sale/Maturity of Investments34.57M14.44M50.41M54.46M183.16M245.36M436.46M298.65M491.9M
Net Investment Activity16.19M-22.13M32.09M-317.6M-445.28M-213.62M-10.67M-176.09M-208.36M
Acquisitions000000000
Other Investing-3.37M1.21M4K-1.31M-353K48.61M-1.33M-2.12M-784.66M
Cash from Financing-1.12B1.28B-485.11M-1.24B1.68B916.25M-253.22M1.14B644.44M
Dividends Paid-60.6M-61.54M-58.88M-44.67M-38.57M-36.14M-36.27M-72.78M-91.83M
Share Repurchases-27K-2.44M00-60.08M0000
Stock Issued00000000197.98M
Net Stock Activity-27K-2.44M00-60.08M000197.98M
Debt Issuance (Net)-1000K1000K-1000K-1000K1000K1000K-1000K1000K-1000K
Other Financing4.98M43.38M764K-29.87M416.83M-127M9.7M907.31M1.19B
Net Change in Cash
-388.92M▲ 0%
1.09B▲ 379.6%
-546.47M▼ 150.3%
-313.71M▲ 42.6%
364.99M▲ 216.3%
-20.07M▼ 105.5%
796.13M▲ 4067.8%
-167.14M▼ 121.0%
0▲ 100.0%
Exchange Rate Effect00000000-22.28M
Cash at Beginning1.01B618.81M1.71B1.16B846.01M1.21B1.19B1.99B0
Cash at End618.81M1.71B1.16B846.01M1.21B1.19B1.99B1.82B0
Interest Paid0000000532.65M0
Income Taxes Paid000000000
Free Cash Flow
710.33M▲ 0%
-174.25M▼ 124.5%
-93.96M▲ 46.1%
1.25B▲ 1425.2%
-872.52M▼ 170.1%
-772.37M▲ 11.5%
1.06B▲ 237.2%
-1.13B▼ 206.5%
370.86M▲ 132.8%
FCF Growth %-8.58%-124.53%46.08%1425.2%-170.08%11.48%237.24%-206.52%132.85%

BLX Banking Ratios

Banco Latinoamericano de Comercio Exterior, S. A. (BLX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)8.78%7.98%1.09%8.56%6.19%6.18%8.93%14.62%16.2%15.05%
Return on Assets (ROA)1.13%1.22%0.16%1.16%0.94%0.88%1.06%1.66%1.82%1.84%
Net Interest Margin2.16%1.91%1.44%1.51%1.47%1.08%1.59%2.17%2.19%2.12%
Efficiency Ratio4.79%15.71%26.51%13.54%19.16%25.01%10.45%6.4%9.73%26.68%
Equity / Assets14.08%16.64%13.06%14.02%16.5%12.34%11.52%11.2%11.28%13.13%
Book Value / Share25.7926.5225.1325.6826.1725.5629.463336.445.21
NII Growth6.69%-22.8%-8.41%-0.21%-15.58%-6.13%70.56%57.54%11.16%4.62%
Dividend Payout69.08%73.91%552.51%68.42%70.24%61.52%39.27%21.83%35.35%40.47%

BLX Frequently Asked Questions

Banco Latinoamericano de Comercio Exterior, S. A. (BLX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Banco Latinoamericano de Comercio Exterior, S. A. (BLX) saw revenue decline by 58.1% over the past year.

Yes, Banco Latinoamericano de Comercio Exterior, S. A. (BLX) is profitable, generating $226.9M in net income for fiscal year 2025 (66.8% net margin).

Dividend & Returns

Yes, Banco Latinoamericano de Comercio Exterior, S. A. (BLX) pays a dividend with a yield of 4.50%. This makes it attractive for income-focused investors.

Banco Latinoamericano de Comercio Exterior, S. A. (BLX) has a return on equity (ROE) of 15.0%. This is reasonable for most industries.

Industry Metrics

Banco Latinoamericano de Comercio Exterior, S. A. (BLX) has a net interest margin (NIM) of 2.1%. NIM has been under pressure due to interest rate environment.

Banco Latinoamericano de Comercio Exterior, S. A. (BLX) has an efficiency ratio of 26.7%. This is excellent, indicating strong cost control.

Explore More BLX

Banco Latinoamericano de Comercio Exterior, S. A. (BLX) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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