Bladex, Inc. (formerly Banco Latinoamericano de Comercio Exterior, S.A.), a multinational bank, engages in financing of foreign trade and economic integration in ...
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Est. EPS $6.30 · Revenue $381.00M · 1 analysts
Est. EPS $6.86 · Revenue $422.00M · 2 analysts
Est. EPS $7.50 · Revenue $462.00M · 3 analysts
Est. EPS $9.50 · Revenue $524.00M · 1 analysts
$2.69 per share
$2.69 per share
EPS $1.77 · Revenue $224.71M
EPS $1.31 · Revenue $83.10M
EPS $6.11 · Revenue $339.60M
EPS $1.48 · Revenue $209.03M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $339.6M | -58.1% | +170.4% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $226.9M | +10.2% | +17.9% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +93.5% | +166.1% | -57.5% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +66.8% | +163.1% | -56.4% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +66.8% | +163.1% | -56.4% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $370.9M | +132.8% | -75.2% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +109.2% | +178.4% | -90.8% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 249.0% | -27.4% | -0.8% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 14.75x | +4889.6% | +2483.9% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $12.8B | +7.8% | +5.1% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 6.11 vs 6.04 | +1.2% | — | — |
| Revenue Surprise | $339.6M vs $335.0M | +1.4% | $224.7M vs $89.0M | +152.5% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 28, 2026 | Van Hoorde Annette Marie | officer: Chief Financial Officer | Common Stock | A | 1,454 | $55.00 |
| Aug 21, 2026 | Tizzoni Alejandro Horacio | officer: Chief Risk Officer | Common Stock | A | 1,850 | $53.00 |
| Jun 1, 2026 | Gomes Tarciana Paula | director | Shares | D | 4,200 | $55.09 |
Operator : Good morning, ladies and gentlemen, and welcome to the Bladex Second Quarter 2026 Earnings Conference Call. A slide presentation is accompanying today's webcast and is also available on the Investors section of the company's website, www.bladex.com. There will be an opportunity for you to ask questions at the end of today's presentation. Please note today's conference call is being recorded. As a reminder, all participants will be in listen-only mode. I would now like to turn the call over to Mr. Jorge Salas, Chief Executive Officer. Sir, please go ahead. Jorge Salas : Good morning, everyone, and thank you for joining us today to discuss Bladex results for the second quarter of 2026. I will begin with the key highlights for the and then Annette, our CFO, will walk you through the financials in more detail. . After that, I will come back and provide a quick update on our strategic execution, our view of the [ Macon ] and our outlook for the rest of the year. Finally, we will open the call for questions. Let me start with the headline. We are thrilled with our performance this quarter, not only because we reached record levels across several area business. But more importantly, because we're starting to see the strategy we share with you all at our Investor Day, translate into tangible results. We delivered strong commercial execution, further extend our funding base and continue to broaden a revenue mix just like we anticipated. The commercial portfolio reached a record of $13 billion, up 8% from March, 20% year-over-year and 17% since year-end. Both loans and contingencies also closed at new heights. This is exactly the kind of disciplined capital deployment we had in mind when we completed the AT1 issuance last year. We're putting the capital work to support growth while maintaining a strong capital position. On the funding side, deposits reached a record of $7.9 billion, 8% sequentially and 20% since December. Funding kept pace with the expansion of the commercial portfolio and our diversified deposit base continues to provide a solid foundation for balance sheet growth. Turning to revenues. Net interest reached another new high, increasing 4% for the first quarter, supported by higher average loan balances and disciplined balance sheet management. At the same time, margins remain under pressure. Net interest margin declined by 10 basis points to 224%, mainly reflecting higher average liquidity and continued competitive pressures on spreads. This remains consistent with the environment we discussed during the first quarter call. Noninterest income is perhaps the biggest highlight of the quarter. It is also a fundamental part of the strategy presented at the Investor Day. The focus is to diversify the bank's revenue base, which is particularly important when there is margin compression. This focus is clearly turning into visible results. Noninterest income reached a record of $25 million for the quarter, up 86% from the first …
| Name | Title | Gender | Year Born | Status |
|---|---|---|---|---|
Jorge Luis Real | Executive Vice President of Legal & Corporate Secretary | Male | 1973 | Active |
Olazhir Ledezma | Executive Vice President of Strategic Planning & Chief Strategy Officer | Male | 1971 | Active |
Annette van Hoorde de Solís | Executive Vice President & Chief Financial Officer | Female | 1972 | Active |
Geraldine Francis Abreu Cumarin | Executive Vice President of Technology & Operations and Chief Technology Officer | Female | 1966 | Active |
Jessica Janson | Vice President of Corporate Communications & Social Investment | Female | 1974 | Active |
Monica Cosulich | Senior Vice President of Finance & Investor Relations | Female | — | Active |
Tatiana Calzada | Executive Vice President & Chief Compliance Officer | Female | 1970 | Active |
Jorge L. Salas | Chief Executive Officer | Male | 1970 | Active |
Alejandro Tizzoni | Executive Vice President of Comprehensive Risk Management & Chief Risk Officer | Male | 1976 | Active |
Carlos Daniel Raad Baene | Executive Vice President of Investor Relations, Chief Investor Relations Officer & Head of ESG | Male | 1980 | Active |
Eduardo Vivone | Executive Vice President of Treasury & Capital Markets | Male | 1965 | Active |
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Bladex Inc. (BLX) Q2 2026 Earnings Call Transcript
Banco Latinoamericano de Comercio Exterior NYSE: BLX, known as Bladex, reported record second-quarter 2026 net income of $66.5 million, up 18% from the prior quarter, as commercial portfolio growth and higher fee income more than offset continued pressure on lending margins.
