Banco Latinoamericano de Comercio Exterior, S.A.
Description
Banco 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 in two segments, Commercial and Treasury. It offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing. The company also provides letter of credit comprising import and export letters of credit, and credit discounting and financing, as well as usance payable at sight; stand-by services; bank guarantees, including first demand and local guarantees; import and export documentary collection; irrevocable reimbursement undertaking; and canal tolls. In addition, it offers liquidity and investment solutions, such as time deposits, DDA accounts, Yankee certificate of deposits, and EMTN private placement services, as well as supply chain finance services. The company primarily serves financial institutions, corporations, and sovereigns and state-owned entities. Banco Latinoamericano de Comercio Exterior, S. A.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. The company was founded in 1975 and is headquartered in Panama City, the Republic of Panama.
About
CEO
Employees
0
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNYS
Address
Torre V, Business Park, Panama City, , Panama
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![Enlarged Chart]()
Oscillators
No data available
Summary
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Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 28, 2025 | — | — | — | — |
| Jul 22, 2025 | — | — | — | — |
| Apr 17, 2025 | — | — | — | — |
| Feb 21, 2025 | — | — | — | — |
| Feb 23, 2024 | — | 1.27 | — | — |
Earnings estimate
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Next Year
(Dec 2025)
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|---|---|---|---|---|
| Number of analysts | — | — | — | 0 |
| Average estimate | — | — | — | 0.00 |
| Low estimate | — | — | — | 0.00 |
| High estimate | — | — | — | 0.00 |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
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Next qtr.
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Current year
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Next year (Dec 2025)
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Next 5 years (per annum)
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Past 5 years (per annum)
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Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 237.34M | 146.14M | 101.64M | 99.66M | 125.23M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 60.76M | 45.42M | 30.19M | 28.36M | 32.46M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 166.16M | 92.04M | 62.70M | 63.59M | 86.05M |
| Tax provision | — | — | — | — | — |
| Net income | 166.16M | 92.04M | 62.70M | 63.59M | 86.05M |
| Basic EPS | 4.55 | 2.54 | 1.62 | 1.60 | 2.17 |
| Diluted EPS | 4.55 | 2.54 | 1.62 | 1.60 | 2.17 |
| Basic average shares | 36.48M | 36.30M | 38.80M | 39.66M | 39.58M |
| Diluted average shares | 36.48M | 36.30M | 38.80M | 39.66M | 39.58M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 166.16M | 92.04M | 62.70M | 63.59M | 86.05M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 163.25M | 96.69M | 51.95M | 175.20M | 8.08M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 2.05B | 1.24B | 1.25B | 863.81M | 1.18B |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 115.53M | 71.68M | 24.71M | 28.30M | 45.33M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | 2.63M | 1.45M | 3.83M | 3.03M | 2.18M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 13.60M | 13.56M | 14.63M | 13.80M | 15.11M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 6.11M | 5.75M | 6.15M | 5.81M | 6.68M |
| Construction in progress | 2.20M | 425,000 | 510,000 | 218,000 | 521,000 |
| Leases | 8.31M | 8.30M | 7.45M | 7.43M | 6.80M |
| Accumulated depreciation | -11.22M | -10.33M | -10.45M | -10.82M | -9.84M |
| Goodwill | 2.61M | 2.10M | 1.60M | 1.98M | 1.43M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 2.61M | 2.10M | 1.60M | 1.98M | 1.43M |
| Investments and advances | 1.02B | 1.02B | 831.91M | 398.07M | 88.79M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | 97.24M | 69.82M | 14.86M | 17.46M | 18.30M |
| Accrued expenses | 24.12M | 16.81M | 9.27M | 9.21M | 11.90M |
| Short term debt | 1.73B | 2.20B | 1.58B | 382.18M | 1.60B |
| Deferred revenue | 9.65M | 2.65M | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 2.64B | 2.24B | 1.74B | 1.60B | 1.54B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | 40.61M | 33.76M | 28.46M | 9.21M | 14.68M |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 279.98M | 279.98M | 279.98M | 279.98M | 279.98M |
| Retained earnings | 673.28M | 543.61M | 487.89M | 464.09M | 446.08M |
| Other shareholders equity | 238.69M | 239.35M | 219.68M | 231.44M | 229.41M |
| Total shareholders equity | 1.20B | 1.07B | 991.79M | 1.04B | 1.02B |
| Additional paid in capital | 122.05M | 120.50M | 120.04M | 120.41M | 120.36M |
| Treasury stock | 110.17M | 114.10M | 115.80M | 58.00M | 59.67M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1997 | 1996 | 1995 | 1994 | 1992 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | 166.16M | 92.04M | 62.70M | 63.59M | 86.05M | 11.14M | 82.00M | 87.05M | 103.98M | 102.37M | 80.57M | 93.33M | 83.86M | 39.82M | 55.98M | 55.33M | 72.18M | 57.90M | 80.10M | 141.73M | 111.50M | -268.84M | 2.49M | 97.06M | 101.06M | 81.10M | 81.60M | 71.40M | 45.10M | 27.60M |
| Depreciation | 3.09M | 2.72M | 3.49M | 4.34M | 3.56M | 2.46M | 2.42M | 2.09M | 1.97M | 2.49M | 2.75M | 2.27M | 2.14M | 2.47M | 2.67M | 3.72M | 2.56M | 6.15M | 3.21M | 2.47M | 1.25M | 1.43M | 1.19M | 1.14M | 1.08M | 800,000 | 800,000 | 600,000 | 500,000 | 300,000 |
| Deferred Taxes | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 5.47M | 2.16M | 1.91M | 1.72M | 1.78M | 1.05M | 296,000 | 3.06M | 3.30M | 2.57M | 3.00M | 2.27M | 2.31M | 2.10M | — | 1.03M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -233.22M | -148.01M | -86.78M | -92.45M | -109.52M | -109.74M | -119.82M | -155.21M | -145.48M | -141.34M | — | — | 15.04M | -4.40M | 2.99M | 31.51M | 7.57M | -12.02M | -37.34M | -112.22M | -56.58M | 323.36M | 108.99M | 19.20M | 20.70M | 20.60M | 21.10M | 14.40M | 10.10M | 9.10M |
| Accounts Receivable | — | — | — | — | — | — | — | — | — | -7.21M | -2.91M | 349,000 | -7.06M | -5.55M | 20.76M | 16.06M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Accounts Payable | — | — | — | — | — | — | — | — | — | 1.07M | -4.16M | 6.15M | 1.71M | -1.21M | -21.67M | -5.67M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 1.23B | 159.88M | -133.30M | 254.97M | -46.85M | 42.88M | 129.58M | 29.77M | 296.56M | 125.35M | -35.19M | 61.63M | 71.91M | 37.27M | -67.05M | -61.47M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating Cash Flow | 1.17B | 108.78M | -151.99M | 232.17M | -64.97M | -52.22M | 94.47M | -33.25M | 260.33M | 85.30M | 44.06M | 166.00M | 169.90M | 70.51M | -6.32M | 40.51M | 82.30M | 52.04M | 45.98M | 31.98M | 56.17M | 55.96M | 112.68M | 117.40M | 122.84M | 102.50M | 103.50M | 86.40M | 55.70M | 37.00M |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | -761,000 | -1.65M | -453,000 | -997,000 | -1.03M | -603,000 | -2.65M | -3.97M | -615,000 | -74,000 | -476,000 | -2.80M | -2.22M | -1.28M | -2.45M | -1.51M | -1.60M | -9.29M | -614,000 | -688,000 | -544,000 | -1.04M | -2.17M | -736,278 | -1.19M | -600,000 | -1.40M | -900,000 | -1.10M | -500,000 |
| Net Intangibles | -1.34M | -1.07M | -353,000 | -1.31M | -496,000 | -58,000 | -3.37M | -3.11M | — | -76,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -447.13M | -458.98M | -628.44M | -372.05M | -18.32M | -36.58M | -18.38M | -108.75M | -183.55M | -328.08M | -332.88M | -54.79M | -372.04M | -126.21M | -9.99M | -536.88M | -716.47M | -419.14M | -326.31M | -144.43M | — | -50.69M | -226.47M | -174.10M | -52.89M | -167.60M | -31.20M | -1.40M | -5.00M | — |
| Sale of Investments | 436.46M | 245.36M | 183.16M | 54.46M | 50.41M | 14.44M | 34.57M | 264.02M | 314.26M | 305.64M | 160.13M | 277.10M | 297.98M | 184.34M | 225.26M | 287.95M | 722.77M | 158.73M | 302.52M | 26.93M | 109.31M | 101.16M | 190.67M | 85.17M | 36.47M | 5.90M | 12.20M | — | 1.20M | 4.20M |
| Investing Cash Flow | -11.43M | -215.27M | -445.73M | -318.59M | 31.06M | -22.74M | 13.53M | 151.29M | 130.10M | -22.51M | -175.36M | 219.51M | -76.28M | 56.86M | 212.81M | -250.44M | -764.28M | -670.10M | -204.51M | -293.87M | 214.37M | 2.24B | 155.17M | -446.79M | 494.82M | -434.60M | -768.20M | -511.50M | -836.80M | -573.10M |
| Financing Activities | ||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 496.34M | 1.04B | 266.64M | 827.73M | 371.54M | 609.02M | 219.91M | 406.15M | 946.08M | 641.14M | 273.27M | 817.83M | 824.14M | 212.96M | 335.60M | 631.10M | 613.13M | 133.68M | 309.96M | 256.73M | 100.10M | 225.39M | 433.83M | 826.33M | 365.35M | 3.00B | 1.08B | 395.00M | 446.00M | 12.30M |
| Long-Term Debt Payments | -222.34M | -537.79M | -98.75M | -782.39M | -369.92M | -256.17M | -883.48M | -464.24M | -462.56M | -389.49M | -1.02B | -399.84M | -411.73M | -528.21M | -150.16M | -728.25M | -161.67M | -108.68M | -179.72M | -338.62M | -900.08M | -727.05M | -229.15M | -456.42M | -422.38M | -2.90B | -765.90M | -235.60M | -321.00M | -41.70M |
| Other Financing Charges | — | — | — | — | — | — | — | — | — | — | 51.17M | -2.27M | -14.08M | -13.53M | 29.09M | 4.48M | — | — | 2,000 | -1,000 | -7.84M | 33,707 | 934,136 | 170,891 | 326,784 | 600,000 | -100,000 | 900,000 | 292.80M | 55.60M |
| Financing Cash Flow | -262.91M | 1.04B | 1.27B | -1.21B | -485.87M | 1.24B | -1.12B | -1.08B | -25.03M | 198.28M | 637.58M | 282.94M | 708.97M | 609.70M | -633.85M | -415.32M | 330.85M | 796.54M | 85.40M | -117.26M | -768.80M | -1.68B | 479.90M | 301.68M | -441.81M | 275.70M | 535.00M | 240.50M | 774.20M | 244.60M |
| Other Cash Details | ||||||||||||||||||||||||||||||
| End Cash Position | 1.99B | 1.19B | 1.21B | 846.01M | 1.16B | 1.71B | 618.81M | 1.01B | 1.27B | 741.31M | 830.69M | 692.51M | 789.49M | 420.64M | 401.97M | 825.59M | 418.27M | 298.70M | 224.89M | 150.59M | 384.64M | 611.29M | 963.43M | 460.09M | 407.39M | 320.30M | 304.40M | — | — | — |
| Income Tax Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | 70.53M | 86.37M | 81.31M | 54.72M | 46.18M | 98.88M | 172.07M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 1.06B | -772.37M | -872.52M | 1.25B | -93.96M | -174.25M | 710.33M | 776.99M | 418.85M | -266.71M | 54.08M | 86.27M | 177.97M | 67.76M | 15.02M | 49.23M | 145.16M | -39.70M | 26.87M | 25.14M | 31.56M | 112.00M | 103.71M | 93.63M | 89.68M | 119.20M | 93.60M | 86.50M | 40.90M | 39.90M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Russell 2000 ETF | Nov 30, 2024 | 826,965 | 31.22M | 2.94% |
| Brandes Emerging Markets Value Fund | Sep 30, 2024 | 365,291 | 13.79M | 1.30% |
| Brandes International Small Cap Equity Fund | Sep 30, 2024 | 285,930 | 10.79M | 1.02% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 280,252 | 10.58M | 1.00% |
| iShares Russell 2000 Value ETF | Nov 30, 2024 | 271,959 | 10.27M | 0.97% |
| Goldman Sachs Small Cap Value Insights Fund | Oct 31, 2024 | 202,159 | 7.63M | 0.72% |
| Columbia Fds Ser Tr I-Columbia Small Cap Value Fd I | Oct 31, 2024 | 185,620 | 7.01M | 0.66% |
| BlackRock Advantage Small Cap Core Fund | Nov 30, 2024 | 150,287 | 5.67M | 0.53% |
| EA Series Trust-EA Bridgeway Omni Small-Cap Value ETF | Sep 30, 2024 | 138,535 | 5.23M | 0.49% |
| Bridgeway Fds Inc-Omni Small Cap Value Fund | Sep 30, 2024 | 133,400 | 5.04M | 0.47% |
Article
Bladex's Fourth Quarter 2024 Conference Call
PANAMA CITY , Feb. 5, 2025 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX) cordially invites you to participate in its upcoming conference call to discuss its 4Q24 results Date and time: Friday, February 28, 2025 10:00 a.m.
Feb 5, 2025
Article
Bladex and Finanzauto Close ESG Syndicated Loan to Promote SME Development in Colombia
PANAMA CITY , Jan. 22, 2025 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) (NYSE: BLX) has announced the successful closing of a US dollar and Colombian peso syndicated loan for US$53 million and COP 60,000 million, respectively, for Finanzauto S.A.
Jan 22, 2025
Article
BLADEX ANNOUNCES CHIEF FINANCIAL OFFICER TRANSITION
PANAMA CITY , Nov. 19, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank") announced today that, after 34 years of a successful career at Bladex, Ana Graciela de Mendez, Executive Vice President and Chief Financial Officer, has decided to step down from her position, effective April 2025.
Nov 20, 2024
