NYSE : BLX
Banco Latinoamericano de Comercio Exterior, S. A. — Financial statements
Financials · Banks - Regional · Panama
Last price 52.58 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.98B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 654.68M | 632.02M | 641.68M | 566.21M | 289.79M | 129.76M |
| Interest Income on Investments | 136.44M | 136.44M | 143.35M | 113.05M | 42.84M | 11.12M |
| Total Interest Income | 791.12M | 768.46M | 785.03M | 679.26M | 332.62M | 140.88M |
| Interest Paid on Deposits | 289.38M | 289.57M | 300.89M | 217.04M | 66.04M | 12.85M |
| Interest Paid on Borrowings | 207.72M | 207.72M | 224.93M | 229.03M | 118.57M | 41.26M |
| Total Interest Expense | 497.10M | 497.28M | 525.82M | 446.08M | 184.61M | 54.10M |
| Net Interest Income | 294.03M | 271.18M | 259.21M | 233.18M | 148.01M | 86.78M |
| Gain (Loss) on Sale of Assets | -6.00K | -255.00K | ||||
| Other Non-Interest Income | 75.90M | 68.39M | 44.42M | 32.94M | 18.66M | 17.42M |
| Total Non-Interest Income | 75.90M | 68.39M | 44.42M | 32.94M | 18.66M | 17.17M |
| Revenues Before Loan Losses | 369.92M | 339.57M | 303.64M | 266.12M | 166.67M | 103.95M |
| Provision for Loan Losses | 29.15M | 22.12M | 17.30M | 27.46M | 19.52M | 2.33M |
| Revenue | 340.78M | 317.45M | 286.34M | 238.66M | 147.15M | 101.62M |
| Salaries and Employee Benefits | 48.52M | 44.60M | 42.58M | 39.88M | 30.48M | 18.94M |
| Occupancy Expenses | 2.75M | |||||
| Amortization of Goodwill & Intangibles | 3.08M | 1.98M | 1.06M | 814.00K | 561.00K | 742.00K |
| Selling, General & Administrative | 19.49M | 18.84M | 15.98M | 13.25M | 8.42M | 4.11M |
| Other Non-Interest Expense | 25.92M | 23.35M | 19.47M | 17.62M | 14.75M | 12.20M |
| Total Non-Interest Expense | 98.82M | 90.57M | 80.46M | 72.50M | 55.10M | 39.67M |
| EBT Excluding Unusual Items | 241.96M | 226.88M | 205.87M | 166.16M | 92.04M | 61.95M |
| Asset Writedown | 742.00K | |||||
| Pretax Income | 241.96M | 226.88M | 205.87M | 166.16M | 92.04M | 62.70M |
| Net Income | 241.96M | 226.88M | 205.87M | 166.16M | 92.04M | 62.70M |
| Net Income to Common | 241.96M | 226.88M | 205.87M | 166.16M | 92.04M | 62.70M |
| Basic Shares Outstanding | 37.45M | 37.15M | 36.74M | 36.48M | 36.30M | 38.80M |
| Diluted Shares Outstanding | 37.45M | 37.15M | 36.74M | 36.48M | 36.30M | 38.80M |
| EPS (Basic) | 6.46 | 6.11 | 5.60 | 4.55 | 2.54 | 1.62 |
| EPS (Diluted) | 6.46 | 6.11 | 5.60 | 4.55 | 2.54 | 1.62 |
| Dividend Per Share | 2.75 | 2.56 | 2.12 | 1.25 | 1.00 | 1.00 |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.84B | 108.21M | 798.93M | 1.99B | 1.19B | 1.21B |
| Investment Securities | 1.82B | 1.28B | 962.88M | 679.86M | 678.45M | 333.64M |
| Trading Asset Securities | 110.47M | 71.41M | 22.32M | 157.27M | 68.16M | 10.80M |
| Total Investments | 1.93B | 1.35B | 985.20M | 837.13M | 746.60M | 344.44M |
| Gross Loans | 12.45B | 9.18B | 8.38B | 7.20B | 6.76B | 5.74B |
| Allowance for Loan Losses | -90.90M | -93.81M | -78.16M | -59.41M | -55.20M | -41.48M |
| Other Adjustments to Gross Loans | -39.00M | -34.64M | -31.12M | -24.72M | -17.35M | |
| Net Loans | 12.32B | 9.05B | 8.27B | 7.11B | 6.69B | 5.70B |
| Property, Plant & Equipment | 20.89M | 19.67M | 19.68M | 16.79M | 17.28M | 17.78M |
| Other Intangible Assets | 9.28M | 10.74M | 3.66M | 2.60M | 2.10M | 1.59M |
| Accrued Interest Receivable | 89.54M | 119.24M | 110.69M | 70.72M | 14.59M | |
| Other Receivables | 5.48M | 3.00M | 4.84M | 961.00K | 1.39M | |
| Restricted Cash | 1.73B | 1.02B | ||||
| Other Current Assets | 318.93M | 163.34M | 248.88M | 264.05M | 164.79M | 205.35M |
| Other Long-Term Assets | 36.34M | 249.80M | 393.20M | 409.18M | 400.05M | 543.52M |
| Total Assets | 16.48B | 12.79B | 11.86B | 10.74B | 9.28B | 8.04B |
| Accounts Payable | 8.75M | 6.24M | 5.14M | 7.27M | 2.31M | |
| Accrued Expenses | 26.90M | 31.81M | 24.12M | 16.81M | 9.27M | |
| Interest Bearing Deposits | 7.96B | 631.00K | 843.00K | 541.00K | 340.00K | 322.00K |
| Institutional Deposits | 6.60B | 5.41B | 4.41B | 3.19B | 3.04B | |
| Total Deposits | 7.96B | 6.60B | 5.41B | 4.41B | 3.19B | 3.04B |
| Short-Term Borrowings | 348.44M | 193.45M | 355.74M | 350.81M | 334.26M | 455.95M |
| Current Portion of Long-Term Debt | 1.52B | 1.66B | 1.72B | 2.19B | 1.58B | |
| Current Portion of Leases | 1.46M | 1.22M | 1.14M | 965.00K | 996.00K | |
| Accrued Interest Payable | 36.07M | 49.18M | 92.09M | 62.55M | 12.55M | |
| Other Current Liabilities | 318.93M | 161.60M | 245.06M | 261.43M | 163.34M | 201.51M |
| Long-Term Debt | 5.97B | 2.51B | 2.73B | 2.63B | 2.22B | 1.72B |
| Long-Term Leases | 18.96M | 16.97M | 18.02M | 15.56M | 15.78M | 16.74M |
| Long-Term Unearned Revenue | 15.63M | 7.30M | 9.65M | 2.65M | ||
| Other Long-Term Liabilities | 64.99M | 12.21M | 5.46M | 19.88M | 3.71M | 6.59M |
| Total Liabilities | 14.69B | 11.11B | 10.52B | 9.54B | 8.21B | 7.05B |
| Common Stock | 279.98M | 279.98M | 279.98M | 279.98M | 279.98M | 279.98M |
| Additional Paid-In Capital | 125.50M | 125.15M | 124.97M | 122.05M | 120.50M | 120.04M |
| Retained Earnings | 1.26B | 1.17B | 1.04B | 904.51M | 774.84M | 719.11M |
| Treasury Stock | -91.03M | -97.60M | -105.60M | -110.17M | -114.10M | -115.80M |
| Comprehensive Income & Other | 211.56M | 200.48M | 979.00K | 7.46M | 8.12M | -11.55M |
| Shareholders' Equity | 1.79B | 1.68B | 1.34B | 1.20B | 1.07B | 991.79M |
| Total Liabilities & Equity | 16.48B | 12.79B | 11.86B | 10.74B | 9.28B | 8.04B |
| Total Debt | 6.34B | 4.24B | 4.76B | 4.72B | 4.77B | 3.78B |
| Net Cash (Debt) | -4.39B | -4.06B | -3.94B | -2.58B | -3.51B | -2.56B |
| Net Cash Per Share | -117.21 | -109.35 | -107.31 | -70.59 | -96.64 | -65.88 |
| Filing Date Shares Outstanding | 37.59M | 37.23M | 36.79M | 36.54M | 36.32M | 36.23M |
| Total Common Shares Outstanding | 37.59M | 37.23M | 36.79M | 36.54M | 36.32M | 36.23M |
| Book Value Per Share | 47.62 | 45.09 | 36.35 | 32.95 | 29.44 | 27.37 |
| Tangible Book Value | 1.78B | 1.67B | 1.33B | 1.20B | 1.07B | 990.20M |
| Tangible Book Value Per Share | 47.37 | 44.80 | 36.25 | 32.87 | 29.38 | 27.33 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 226.88M | 205.87M | 166.16M | 92.04M | 62.70M | |
| Depreciation & Amortization | 2.85M | 2.50M | 2.28M | 2.15M | 2.75M | |
| Other Amortization | 1.98M | 1.06M | 814.00K | 561.00K | 742.00K | |
| Gain (Loss) on Sale of Assets | 15.00K | 12.00K | 23.00K | 6.00K | -742.00K | |
| Gain (Loss) on Sale of Investments | 17.62M | 16.98M | 31.32M | -510.00K | -574.00K | |
| Total Asset Writedown | 255.00K | |||||
| Provision for Credit Losses | 19.52M | 2.33M | ||||
| Change in Other Net Operating Assets | -799.76M | -1.31B | -396.48M | -1.05B | -852.16M | |
| Other Operating Activities | 131.22M | -51.73M | 35.10M | 8.42M | 13.76M | |
| Operating Cash Flow | -411.00M | -1.13B | -155.32M | -924.14M | -769.04M | |
| Capital Expenditures | -2.80M | -3.94M | -2.10M | -1.65M | -453.00K | |
| Investment in Securities | -208.36M | -176.09M | -10.67M | -213.62M | -445.28M | |
| Purchase / Sale of Intangibles | -1.07M | -353.00K | ||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 49.68M | |||||
| Investing Cash Flow | -211.16M | -180.02M | -12.77M | -166.66M | -446.08M | |
| Short-Term Debt Issued | 9.70M | 579.07M | 1.61B | |||
| Long-Term Debt Issued | 587.86M | 1.19B | 496.34M | 1.04B | 266.64M | |
| Total Debt Issued | 587.86M | 1.19B | 506.04M | 1.62B | 1.88B | |
| Short-Term Debt Repaid | -233.03M | -155.85M | -500.65M | -127.00M | ||
| Long-Term Debt Repaid | -1.01B | -827.52M | -222.34M | -537.79M | -98.75M | |
| Lease Payments | -1.20M | -1.09M | -1.03M | -995.00K | -1.23M | |
| Total Debt Repaid | -1.24B | -983.38M | -722.99M | -664.79M | -98.75M | |
| Net Debt Issued (Repaid) | -652.96M | 208.32M | -216.95M | 952.39M | 1.78B | |
| Issuance of Common Stock | 197.98M | |||||
| Repurchase of Common Stock | -60.08M | |||||
| Common Dividends Paid | -91.83M | -72.78M | -36.27M | -36.14M | -38.57M | |
| Net Increase (Decrease) in Deposit Accounts | 1.19B | 1.01B | 1.22B | 154.49M | -102.67M | |
| Financing Cash Flow | 644.44M | 1.14B | 964.22M | 1.07B | 1.58B | |
| Net Cash Flow | 22.28M | -167.14M | 796.13M | -20.07M | 364.99M | |
| Free Cash Flow | -413.80M | -1.13B | -157.41M | -925.79M | -769.50M | |
| Free Cash Flow Margin | -130.35% | -395.24% | -65.96% | -629.17% | -757.21% | |
| Free Cash Flow Per Share | -11.14 | -30.80 | -4.32 | -25.50 | -19.83 | |
| Free Cash Flow After Leases | -415.00M | -1.13B | -158.45M | -926.79M | -770.72M | |
| Cash Interest Paid | 502.61M | 532.65M | 412.44M | 140.41M | 53.33M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.91B | 1.66B | 1.31B | 904.00M | 588.47M | 631.09M |
| Last Close Price | 48.94 | 42.91 | 32.25 | 20.98 | 13.06 | 12.52 |
| PE Ratio | 7.86 | 7.32 | 6.36 | 5.44 | 6.39 | 10.07 |
| PS Ratio | 5.40 | 5.23 | 4.57 | 3.79 | 4.00 | 6.21 |
| PB Ratio | 1.03 | 0.99 | 0.98 | 0.75 | 0.55 | 0.64 |
| Debt / Equity Ratio | 3.54 | 2.53 | 3.56 | 3.92 | 4.46 | 3.81 |
| Net Debt / Equity Ratio | 2.45 | 2.42 | 2.95 | 2.14 | 3.28 | 2.58 |
| Net Debt / FCF Ratio | -9.82 | -3.48 | -16.36 | -3.79 | -3.32 | |
| Return on Equity (ROE) | 14.08% | 15.04% | 16.20% | 14.62% | 8.93% | 6.18% |
| Return on Assets (ROA) | 1.67% | 1.84% | 1.82% | 1.66% | 1.06% | 0.88% |
| Earnings Yield | 12.72% | 13.66% | 15.73% | 18.38% | 15.64% | 9.93% |
| FCF Yield | -90.88% | -24.92% | -86.49% | -17.41% | -157.32% | -121.93% |
| Dividend Yield | 5.42% | 5.75% | 5.97% | 5.05% | 6.17% | 5.74% |
| Payout Ratio | 42.56% | 40.47% | 35.35% | 21.83% | 39.27% | 61.52% |
| Buyback Yield / Dilution | -1.10% | -1.12% | -0.71% | -0.49% | 6.42% | 2.17% |
| Total Shareholder Return | 4.52% | 4.62% | 5.27% | 4.57% | 12.60% | 7.91% |