BLX Earnings Prediction
The chart below shows how BLX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BLX sees a -2.65% change in stock price 10 days leading up to the earnings, and a -2.11% change 10 days following the report. On the earnings day itself, the stock moves by +0.89%. This data can give you a slight idea of what to expect for the next quarter's release.
BLX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
77.45M
8.06%
3.35%
Gross Margin
--
--
--
Operating Margin
68.42%
7.17%
2.30%
Net Margin
68.42%
7.17%
2.30%
EPS
1.44
15.20%
5.88%
No Data Available
BLX Earnings Analysis
Banco Latinoamericano de Comercio Exterior, S.A Corporation (BLX.N) Earnings Conference Call
Positive
Record Net Income Growth: 1. Record Net Income: Bladex achieved a record net income of $53 million for Q3 2024, marking a 16% increase year-on-year and a 6% increase quarter-on-quarter, resulting in a return on equity of 16.4%.
Loan Portfolio Expansion: 2. Significant Loan Growth: The commercial portfolio reached $9.7 billion, reflecting a 5% quarter-on-quarter growth and a 17% year-on-year growth, driven by strong loan demand across various markets.
Record Deposit Growth: 3. Record Deposits: Deposits grew to a record $5.6 billion, representing a remarkable 34% increase over the last 12 months, with corporate client deposits nearly doubling compared to the previous year.
Non-Interest Income Surge: 4. Strong Non-Interest Income: Total fees for the first three quarters increased by 45% compared to the same period last year, with the letters of credit business generating $7 million in Q3, an 8% growth quarter-on-quarter.
Operational Efficiency Improvement: 5. Increased Efficiency: Despite a slight rise in the efficiency ratio to 27%, Bladex maintained strong operational performance, with a projected improvement in the efficiency ratio to approximately 26% by year-end, reflecting effective cost management.
Negative
Rising Expense Challenges: 1. Increased Cost Pressure: Expenses rose by 15% quarter-on-quarter and 8% year-on-year, primarily due to higher personnel costs associated with increased headcount and performance-based compensation provisions.
Syndication Fee Decline: 2. Declining Syndication Fees: Syndication fees decreased to $1.5 million in Q3, down from a stellar second quarter where five transactions were closed, indicating potential volatility in this revenue stream.
Loan Quality Decline: 3. Loan Classification Deterioration: A $7 million loan was classified from Stage 2 to Stage 3, reflecting a deterioration in credit quality within the Colombian oil and gas supply chain sector, which has been in runoff mode since before the pandemic.
Efficiency Ratio Increase: 4. Rising Efficiency Ratio: The efficiency ratio rose slightly to 27%, indicating that while costs are increasing, the bank's ability to manage these costs relative to income is under pressure.
Market Competition Effects: 5. Market Competition Impacting Spreads: Increased competition in Brazil is compressing loan spreads, which could negatively affect future profitability in a key market.
BLX FAQs
How does BLX typically perform around its earnings report dates?
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BLX Earning Call Sentiment
Banco Latinoamericano de Comercio Exterior, S. A. (BLX) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
BLX.N
0.58%Positive
The earnings call summary highlights strong financial performance, with record deposit growth, robust loan growth, and increased net income. The revised guidance for deposit growth, efficiency ratio, and ROE are all positive indicators. Despite competitive pressures and some operational risks, the company's performance remains strong, with a 16.4% ROE and increased fee income. The Q&A section reveals some uncertainties, particularly regarding competitive pressures in Brazil and potential political impacts, but overall sentiment remains positive. Given the market cap of approximately $1 billion, the stock is likely to experience a positive movement of 2% to 8%.
