The bank maintains a conservative capital structure with an equity-to-assets ratio of 12%, while total assets have expanded to $13.7 billion primarily through increased holdings in investment securities.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 8.32B | 1.93B | 2.06B | 2.06B | 1.24B | 1.25B | 863.81M | 1.18B | 1.75B | 672.05M | 1.07B | 1.3B | 1.12B | 1.17B | 890.05M | 843.48M | 436.71M | 424.56M | 900.59M | 477.58M | 332.17M | 229.89M | 154.79M | 254.81M | 479.26M | 558.67M | 313.56M | 387.57M | 336.3M | 308.7M | 304.4M |
| Cash & Due from Banks | 1.99B | 1.92B | 1.96B | 2.05B | 1.24B | 1.25B | 863.81M | 1.18B | 1.75B | 672.05M | 1.07B | 1.3B | 780.51M | 839.72M | 707.03M | 843M | 436.71M | 424.56M | 900.59M | 477.58M | 332.17M | 229.89M | 154.79M | 254.81M | 479.26M | 558.67M | 313.56M | 387.57M | 336.3M | 308.7M | 304.4M |
| Short Term Investments | 286.45M | 1.57M | 99.49M | 11.87M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 338.97M | 334.37M | 183.02M | 697K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 11.32B | 10.64B | 1.3B | 8.29B | 7.78B | 6.53B | 5.3B | 88.79M | 5.79B | 5.53B | 6.02B | 6.9B | 7.06B | 6.52B | 5.98B | 583.7M | 4.54B | 704.84M | 3.35B | 520.96M | 601.43M | 208.57M | 2.52B | 209.81M | 297.74M | 653.97M | 395.46M | 178.82M | 163.9M | 199.2M | 25.8M |
| Investments Growth % | 755.96% | 717.73% | -84.3% | 6.54% | 19.13% | 23.37% | 5863.4% | -98.47% | 4.69% | -8.24% | -12.73% | -2.27% | 8.29% | 9.11% | 924.28% | -87.14% | 543.72% | -78.99% | 543.84% | -13.38% | 188.36% | -91.73% | 1101.62% | -29.53% | -54.47% | 65.37% | 121.15% | 9.1% | -17.72% | 672.09% | 3585.71% |
| Long-Term Investments | 41.53B | 10.64B | 1.2B | 8.28B | 7.78B | 6.53B | 5.3B | 88.79M | 5.79B | 5.53B | 6.02B | 6.9B | 6.73B | 6.19B | 5.8B | 583M | 4.54B | 704.84M | 3.35B | 520.96M | 601.43M | 208.57M | 2.52B | 209.81M | 297.74M | 653.97M | 395.46M | 178.82M | 163.9M | 199.2M | 25.8M |
| Accounts Receivables | 121.52M | 94.3M | 122.23M | 115.53M | 71.68M | 24.71M | 28.3M | 41.76M | 54.76M | 36.25M | 49.6M | 51.88M | 52.46M | 42.29M | 39.57M | 39.43M | 31.11M | 25.56M | 46.32M | 62.88M | 55.24M | 30.25M | 15.45M | 10.93M | 15.41M | 74.4M | 102.15M | 103.88M | 87.8M | 89.9M | 77.3M |
| Goodwill & Intangibles | 10.6M | 10.74M | 3.66M | 2.6M | 2.1M | 1.59M | 1.98M | 1.43M | 1.63M | 5.42M | 2.91M | 427K | 1.02M | 1.89M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 10.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 10.74M | 3.66M | 2.6M | 2.1M | 1.59M | 1.98M | 1.43M | 1.63M | 5.42M | 2.91M | 427K | 1.02M | 1.89M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 20.46M | 19.67M | 19.68M | 18.99M | 17.71M | 18.29M | 16.43M | 18.75M | 7.04M | 8.82M | 12.75M | 11.13M | 7.8M | 8.43M | 12.81M | 7M | 13.06M | 7.75M | 7.97M | 10.18M | 11.14M | 3.25M | 3.51M | 4.12M | 5.09M | 5.48M | 4.5M | 4.91M | 4.8M | 4.6M | 4.9M |
| Other Assets | 662.15M | 190.18M | 8.44B | 265.75M | 167.13M | 204.2M | 80.2M | -108.97M | 12.7M | 17M | 21.32M | 18.98M | 110.78M | -2.47M | 8.1M | 370K | 82.05M | -712.59M | 53.69M | -531.13M | -612.56M | -211.82M | 38.02M | -213.93M | -302.82M | -659.45M | -399.96M | -183.72M | -168.7M | -203.8M | -30.7M |
| Total Current Assets | 2.02B | 1.93B | 2.19B | 2.18B | 1.31B | 1.28B | 895.13M | 1.22B | 1.8B | 708.3M | 1.12B | 1.35B | 1.18B | 1.22B | 939.81M | 881.65M | 467.82M | 450.12M | 946.91M | 584.75M | 387.4M | 260.14M | 170.23M | 265.74M | 494.68M | 633.07M | 415.71M | 491.45M | 424.1M | 398.6M | 381.7M |
| Total Non-Current Assets | 11.72B | 10.86B | 9.67B | 8.57B | 7.97B | 6.76B | 5.39B | 108.97M | 5.81B | 5.56B | 6.06B | 6.93B | 6.84B | 6.2B | 5.82B | 590.37M | 4.63B | 712.59M | 3.42B | 531.13M | 612.56M | 211.82M | 2.56B | 213.93M | 302.82M | 659.45M | 399.96M | 183.72M | 168.7M | 203.8M | 30.7M |
| Total Assets | 13.74B | 12.79B | 11.86B | 10.74B | 9.28B | 8.04B | 6.29B | 7.25B | 7.61B | 6.27B | 7.18B | 8.29B | 8.02B | 7.42B | 6.76B | 6.36B | 5.1B | 3.88B | 4.36B | 4.79B | 3.98B | 3.16B | 2.73B | 2.56B | 2.93B | 5.93B | 5.66B | 5.17B | 5.59B | 5.75B | 5.31B |
| Asset Growth % | 44.39% | 7.82% | 10.38% | 15.72% | 15.5% | 27.81% | -13.25% | -4.72% | 21.4% | -12.72% | -13.34% | 3.29% | 8.15% | 9.79% | 6.23% | 24.7% | 31.49% | -11.09% | -8.93% | 20.42% | 25.93% | 15.6% | 6.61% | -12.48% | -50.56% | 4.68% | 9.45% | -7.44% | -2.76% | 8.27% | 16.66% |
| Return on Assets (ROA) | 1.79% | 1.84% | 1.82% | 1.66% | 1.06% | 0.88% | 0.94% | 1.16% | 0.16% | 1.22% | 1.13% | 1.28% | 1.33% | 1.2% | 1.42% | 1.45% | 0.94% | 1.33% | 1.2% | 1.65% | 1.62% | 2.72% | 5.35% | 4.06% | -6.07% | 0.04% | 1.79% | 1.88% | 1.27% | 1.47% | 1.66% |
| Accounts Payable | 7.51M | 8.75M | 92.92M | 97.24M | 69.82M | 14.86M | 17.46M | 18.3M | 26.37M | 25.12M | 27.78M | 28.81M | 19.11M | 16.26M | 23.99M | 17.21M | 10.08M | 11.29M | 32.96M | 39.2M | 28.42M | 14.74M | 6.48M | 5.43M | 11.87M | 39.89M | 60.47M | 48.51M | 46.9M | 65.1M | 39.7M |
| Total Debt | 4.35B | 4.18B | 4.58B | 4.68B | 4.73B | 3.75B | 2B | 3.14B | 3.56B | 2.21B | 3.25B | 4.43B | 4.39B | 4.14B | 3.51B | 2.81B | 2.44B | 1.72B | 2.42B | 2.23B | 1.72B | 1.29B | 1.11B | 1.17B | 1.93B | 3.61B | 3.09B | 2.73B | 3.15B | 3.39B | 3.09B |
| Net Debt | 2.37B | 2.26B | 2.62B | 2.63B | 3.49B | 2.5B | 1.13B | 1.96B | 1.81B | 1.54B | 2.18B | 3.13B | 3.61B | 3.3B | 2.81B | 1.97B | 2B | 1.29B | 1.52B | 1.75B | 1.38B | 1.06B | 953.55M | 917.92M | 1.45B | 3.05B | 2.78B | 2.35B | 2.82B | 3.08B | 2.78B |
| Long-Term Debt | 4.09B | 4.03B | 2.7B | 2.63B | 2.22B | 1.72B | 1.59B | 1.52B | 1.5B | 1.14B | 1.78B | 1.88B | 1.4B | 1.15B | 1.91B | 1.49B | 1.08B | 1.39B | 1.2B | 1.01B | 558.86M | 533.86M | 403.62M | 485.52M | 1.29B | 1.79B | 1.58B | 1.21B | 1.27B | 1.42B | 1.21B |
| Short-Term Debt | 245.88M | 130.51M | 1.87B | 2.03B | 2.49B | 2.01B | 391.6M | 1.6B | 2.06B | 1.07B | 1.47B | 2.54B | 2.99B | 2.99B | 1.61B | 1.32B | 1.36B | 327.8M | 1.21B | 1.22B | 1.16B | 760.7M | 704.72M | 687.21M | 647.34M | 1.82B | 1.51B | 1.52B | 1.88B | 1.96B | 1.88B |
| Other Liabilities | 328.63M | 6.93B | 392.23M | 312.27M | 198.17M | 236.56M | 89.67M | -1.54B | 51.59M | 51.38M | 87.83M | 53.98M | 182.01M | 32.05M | 23.09M | -1.49B | 113.67M | -1.39B | 149.63M | -1.01B | -558.86M | -533.86M | 89.97M | -485.52M | -1.29B | -1.79B | -1.58B | -1.21B | -1.27B | -1.42B | -1.21B |
| Total Current Liabilities | 7.59B | 130.51M | 7.4B | 6.58B | 5.78B | 5.07B | 3.56B | 1.61B | 5.07B | 4.03B | 4.3B | 5.38B | 5.53B | 5.38B | 4B | 1.34B | 3.2B | 339.09M | 2.43B | 1.26B | 1.19B | 775.43M | 1.58B | 692.65M | 659.22M | 3.52B | 3.36B | 3.26B | 3.69B | 3.75B | 1.92B |
| Total Non-Current Liabilities | 4.44B | 10.98B | 3.12B | 2.96B | 2.44B | 1.98B | 1.69B | 3.14B | 1.55B | 1.19B | 1.86B | 1.94B | 1.58B | 1.18B | 1.93B | 1.49B | 1.19B | 1.39B | 1.35B | 1.01B | 558.86M | 533.86M | 493.6M | 485.52M | 1.29B | 1.79B | 1.58B | 1.21B | 1.27B | 1.42B | 1.21B |
| Total Liabilities | 12.03B | 11.11B | 10.52B | 9.54B | 8.21B | 7.05B | 5.25B | 6.23B | 6.62B | 5.22B | 6.17B | 7.31B | 7.11B | 6.56B | 5.93B | 5.59B | 4.38B | 3.2B | 3.78B | 4.18B | 3.39B | 2.54B | 2.07B | 1.98B | 2.59B | 5.31B | 4.95B | 4.47B | 4.96B | 5.17B | 4.79B |
| Total Equity | 1.71B | 1.68B | 1.34B | 1.2B | 1.07B | 991.79M | 1.04B | 1.02B | 993.59M | 1.04B | 1.01B | 971.93M | 911.04M | 859M | 826.48M | 765M | 716M | 675.64M | 579.01M | 612.25M | 583.89M | 621.93M | 663.99M | 584.33M | 341.4M | 613.65M | 715.02M | 697.32M | 623.7M | 575.5M | 516.3M |
| Equity Growth % | 87.88% | 25.54% | 11.08% | 12.58% | 7.82% | -4.44% | 2.14% | 2.27% | -4.72% | 3.11% | 4.05% | 6.68% | 6.06% | 3.94% | 8.04% | 6.84% | 5.97% | 16.69% | -5.43% | 4.86% | -6.12% | -6.33% | 13.63% | 71.16% | -44.37% | -14.18% | 2.54% | 11.8% | 8.38% | 11.47% | 15.56% |
| Equity / Assets (Capital Ratio) | 12.43% | 13.13% | 11.28% | 11.2% | 11.52% | 12.34% | 16.5% | 14.02% | 13.06% | 16.64% | 14.08% | 11.73% | 11.36% | 11.58% | 12.23% | 12.03% | 14.04% | 17.42% | 13.27% | 12.78% | 14.68% | 19.69% | 24.3% | 22.79% | 11.65% | 10.36% | 12.63% | 13.48% | 11.16% | 10.02% | 9.73% |
| Return on Equity (ROE) | 14.36% | 15.05% | 16.2% | 14.62% | 8.93% | 6.18% | 6.19% | 8.56% | 1.09% | 7.98% | 8.78% | 11.04% | 11.57% | 10.06% | 11.69% | 11.23% | 6.07% | 8.75% | 9.25% | 12.07% | 9.6% | 12.46% | 22.71% | 24.09% | -56.3% | 0.38% | 13.74% | 15.3% | 11.97% | 14.86% | 16.95% |
| Book Value per Share | 39.67 | 45.21 | 36.40 | 33.00 | 29.46 | 25.56 | 26.17 | 25.68 | 25.13 | 26.52 | 25.79 | 24.85 | 23.46 | 22.29 | 21.78 | 20.59 | 19.45 | 18.47 | 15.90 | 16.81 | 15.53 | 15.99 | 16.87 | 20.33 | 19.76 | 33.45 | 35.44 | 33.58 | 29.62 | 27.82 | 24.99 |
| Tangible BV per Share | 39.43 | 44.92 | 36.30 | 32.93 | 29.40 | 25.52 | 26.12 | 25.64 | 25.09 | 26.38 | 25.72 | 24.84 | 23.43 | 22.24 | 21.78 | 20.59 | 19.45 | 18.47 | 15.90 | 16.81 | 15.53 | 15.99 | 16.87 | 20.33 | 19.76 | 33.45 | 35.44 | 33.58 | 29.62 | 27.82 | 24.99 |
| Common Stock | 279.98M | 279.98M | 279.98M | 279.98M | 279.98M | 279.98M | 279.98M | 279.98M | 279.98M | 279.98M | 279.98M | 279.98M | 279.98M | 279.98M | 279.98M | 0 | 0 | 0 | 0 | 0 | 0 | 279.98M | 279.98M | 279.98M | 133.23M | 133.22M | 132.85M | 132.85M | 134.8M | 0 | 0 |
| Additional Paid-in Capital | 122M | 125.15M | 124.97M | 122.05M | 120.5M | 120.04M | 120.41M | 120.36M | 119.99M | 119.94M | 120.59M | 120.18M | 119.64M | 120.62M | 121.42M | 130.18M | 413.8M | 414.8M | 415.56M | 135.14M | 134.94M | 134.34M | 133.78M | 133.82M | 145.49M | 145.46M | 142.19M | 144.36M | 144M | 0 | 0 |
| Retained Earnings | 934.62M | 1.08B | 792M | 673.28M | 543.61M | 487.88M | 464.09M | 446.08M | 423.05M | 479.71M | 587.51M | 560.64M | 501.67M | 454.9M | 422.05M | 373M | 320.15M | 396.6M | 363.64M | 245.35M | 205.2M | 212.92M | 233.7M | 151.02M | 40.74M | 100.67M | 123.84M | 98.01M | 71.1M | 81.1M | 81.7M |
| Accumulated OCI | 265.46M | 295.69M | 245.85M | 238.69M | 239.35M | 219.68M | 231.44M | 229.41M | 231.65M | 226.43M | 92.41M | 84.53M | 87.37M | 85.51M | 94.48M | -3M | -6.44M | -6.16M | -72.11M | 85.57M | 98.54M | 95.83M | 101.29M | 105.09M | 95.09M | 304.7M | 305.21M | 305.21M | 256.5M | 0 | 0 |
| Treasury Stock | -92.02M | -97.6M | -105.6M | -110.17M | -114.1M | -115.8M | -58M | -59.67M | -61.08M | -63.25M | -69.18M | -73.4M | -77.63M | -82.01M | -91.45M | -115.62M | -125.67M | -129.6M | -132.76M | -133.79M | -134.77M | -106.28M | -92.63M | -85.57M | -85.63M | -85.63M | -4.89M | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.15M | 7.86M | 0 | 12.48M | 15.23M | 15.81M | 16.89M | 17.2M | 17.2M | 17.2M |
Regional Credit Quality Volatility
According to recent balance sheet data, BLX has grown total assets from $10.7 billion in 2023Q4 to $13.7 billion in 2026Q1, though this expansion appears increasingly weighted toward investment securities rather than core trade finance lending, suggesting a strategic pivot toward liquidity preservation over aggressive loan book growth.
The shift toward a larger investment securities portfolio, which reached $11.3 billion in 2026Q1, indicates that the bank is prioritizing capital preservation in a volatile regional environment. This trajectory suggests that management is wary of credit risk, opting to park capital in liquid assets rather than expanding its exposure to trade-related credit cycles.
Based on reported financial statements, the bank maintains an equity-to-assets ratio of approximately 12%, a figure that has remained remarkably stable over the last ten quarters, reflecting a highly conservative capital structure that provides a robust buffer against regional shocks but likely constrains overall return on equity.
The consistent equity-to-assets ratio suggests that BLX is not utilizing leverage to drive growth, which is consistent with its supranational-style risk management mandate. While this provides a fortress-like balance sheet, investors should monitor whether this capital efficiency is sufficient to maintain dividend growth without compromising the bank's long-term competitive positioning.
As reported in quarterly filings, the bank's liquidity profile is heavily skewed toward cash and investment securities, which combined represent the vast majority of the $13.7 billion asset base, indicating a structural preference for high-quality liquid assets over the inherent risks of the regional trade finance market.
The bank's reliance on a large securities portfolio suggests that it is functioning more as a liquidity manager than a traditional commercial lender in the current cycle. This liquidity-heavy posture may protect the bank during regional crises, but it also implies that the bank is currently struggling to find high-quality, short-term trade finance opportunities that meet its risk-adjusted return hurdles.
Based on the most recent quarterly figures, the $111 million loan loss provision recorded in 2026Q1 represents a significant departure from historical norms, suggesting that the bank's credit portfolio may be facing latent pressures that are not yet fully reflected in the headline asset quality metrics.
This sudden increase in provisioning warrants further investigation into whether the bank is experiencing a deterioration in its core trade finance book or if it is proactively adjusting for a worsening macro outlook in key markets like Brazil and Mexico. The disconnect between the stable equity base and the volatile provisioning suggests that the bank's credit risk profile is more sensitive to regional shifts than the headline balance sheet might imply.
Quick answers to the most common questions about buying BLX stock.
As of 2025, Banco Latinoamericano de Comercio Exterior, S. A. (BLX) had total assets of $12.79B including $1.93B in current assets.
Banco Latinoamericano de Comercio Exterior, S. A. (BLX) carries total debt of $4.18B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Banco Latinoamericano de Comercio Exterior, S. A. (BLX) has total shareholders' equity (book value) of $1.68B ($45.21 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Banco Latinoamericano de Comercio Exterior, S. A. (BLX) reported a current ratio of 14.75x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.