Bladex Q2 revenue rises on higher commercial balances, record fees

Bladex

27/07/2026 22:42

Overview
Panama multinational bank's Q2 net profit rose 4% yr/yr to $66.5 mln
Q2 revenue grew 10% yr/yr to $98.9 mln, driven by higher commercial balances and record fees
Company announced quarterly dividend of $0.6875 per share for Q2

Outlook
Company did not provide specific guidance for future quarters or the full year

Result Drivers
HIGHER BUSINESS VOLUMES - Net interest income growth was mostly driven by higher average commercial balances
RECORD FEE GENERATION - Fee and non-interest income reached a record, supported by increased client engagement and transactional activity
FUNDING OPTIMIZATION - Continued optimization of funding costs contributed to results despite margin pressure from abundant liquidity and competition

Company press release: ID:nPn7gvYfLa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$98.90 mln
$89 mln (1 Analyst)
Q2 EPS
 
$1.77
 
Q2 Net Income
 
$66.50 mln
 
Q2 Net Interest Income
 
$73.30 mln
 
Q2 Impairment Losses on Financial Instruments
 
-$8.60 mln
 
Q2 Operating Expenses
 
-$23.80 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the corporate financial services peer group is "buy"
Wall Street's median 12-month price target for Bladex Inc is $64.80, about 9% above its July 27 closing price of $59.44
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
July 27 - Bank of N.T. Butterfield Q2 EPS beats estimates on higher interest income
July 27 - HBT Financial Q2 adjusted EPS beats on CNB acquisition; raises dividend
July 27 - Capital Bancorp Q2 net income, EPS beat estimates as loans and deposits grow

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)