New Risk • May 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 104% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Mar 23
Upcoming dividend of 2.60 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 01 April 2026. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Venezuelan dividend payers (0.3%). In line with average of industry peers (0.2%). Announcement • Feb 20
Banco del Caribe, C.A., Banco Universal, Annual General Meeting, Mar 17, 2026 Banco del Caribe, C.A., Banco Universal, Annual General Meeting, Mar 17, 2026, at 09:30 SA Western Standard Time. Location: second floor of the bancaribe tower, galipan business center, francisco de miranda avenue, el rosal neighborhood, caracas Venezuela New Risk • Jan 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Venezuelan stocks, typically moving 22% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 104% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to 335, the stock trades at a trailing P/E ratio of 36.6x. Average trailing P/E is 9x in the Banks industry in South America. Total returns to shareholders of 5,634% over the past three years. Reported Earnings • Oct 14
Third quarter 2025 earnings released Third quarter 2025 results: EPS: 5.36. Net income: 892.0m (up 894.7m from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has increased by 342% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to 200, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 8x in the Banks industry in South America. Total returns to shareholders of 5,287% over the past three years. Reported Earnings • Aug 25
Second quarter 2025 earnings released: EPS: 2.86 (vs 0.16 in 2Q 2024) Second quarter 2025 results: EPS: 2.86 (up from 0.16 in 2Q 2024). Revenue: 1.68b (up 322% from 2Q 2024). Net income: 476.1m (up 449.3m from 2Q 2024). Profit margin: 28% (up from 6.7% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has increased by 257% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to 105, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 8x in the Banks industry in South America. Total returns to shareholders of 3,259% over the past three years. Reported Earnings • Jul 22
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: 1.68b (up 322% from 2Q 2024). Net income: 476.1m (up 449.3m from 2Q 2024). Profit margin: 28% (up from 6.7% in 2Q 2024). The increase in margin was driven by higher revenue. New Risk • Jul 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: 11.9b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 100% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (11.9b market cap, or US$99.9m). New Risk • Jul 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Venezuelan stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 100% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.9% average weekly change). Large one-off items impacting financial results. New Risk • May 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Venezuelan stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 100% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to 69.00, the stock trades at a trailing P/E ratio of 64.7x. Average trailing P/E is 9x in the Banks industry in South America. Total returns to shareholders of 2,335% over the past three years. New Risk • May 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: 9.10b (US$100.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 100% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (9.10b market cap, or US$100.0m). Reported Earnings • Apr 16
First quarter 2025 earnings released First quarter 2025 results: EPS: 0.40. Revenue: 862.7m (up 117% from 1Q 2024). Net income: 66.3m (up 148% from 1Q 2024). Profit margin: 7.7% (up from 6.7% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 196% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to 58.99, the stock trades at a trailing P/E ratio of 71.1x. Average trailing P/E is 9x in the Banks industry in South America. Total returns to shareholders of 2,775% over the past three years. New Risk • Mar 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 100% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 95% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.0% net profit margin). Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to 44.00, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 9x in the Banks industry in South America. Total returns to shareholders of 2,045% over the past three years. New Risk • Feb 20
New major risk - Revenue and earnings growth Earnings have declined by 95% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 95% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.0% net profit margin). Market cap is less than US$100m (5.07b market cap, or US$81.3m). Reported Earnings • Feb 20
Full year 2024 earnings released Full year 2024 results: Revenue: 1.96b (up 50% from FY 2023). Net income: 138.0m (down 34% from FY 2023). Profit margin: 7.0% (down from 16% in FY 2023). New Risk • Jan 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Venezuelan stocks, typically moving 9.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported September 2022 fiscal period end). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$100m (4.78b market cap, or US$82.6m). New Risk • Dec 17
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported September 2022 fiscal period end). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (3.55b market cap, or US$70.5m). New Risk • Oct 11
New major risk - Revenue and earnings growth Earnings have declined by 31% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 31% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (3.27b market cap, or US$87.1m). New Risk • Sep 30
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported September 2022 fiscal period end). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (3.41b market cap, or US$92.7m). New Risk • Sep 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: 3.41b (US$92.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (3.41b market cap, or US$92.9m). New Risk • Aug 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: 3.62b (US$99.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (3.62b market cap, or US$99.0m). New Risk • May 23
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported September 2022 fiscal period end). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (3.14b market cap, or US$86.1m). Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to 22.05, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 10x in the Banks industry in South America. Total returns to shareholders of 924% over the past three years. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to 39.75, the stock trades at a trailing P/E ratio of 31.5x. Average trailing P/E is 11x in the Banks industry in South America. Total returns to shareholders of 5,039% over the past three years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to 45.00, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 9x in the Banks industry in South America. Total returns to shareholders of 5,718% over the past three years. New Risk • Oct 16
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported September 2022 fiscal period end). Revenue has declined by 178% over the past year. Revenue is less than US$1m. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (25% increase in shares outstanding). New Risk • Oct 15
New major risk - Revenue and earnings growth Revenue has declined by 178% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 178% over the past year. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (25% increase in shares outstanding). Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to 27.00, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 9x in the Banks industry in South America. Total returns to shareholders of 8,967% over the past three years. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to 23.99, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 9x in the Banks industry in South America. Total returns to shareholders of 11,748% over the past three years. Reported Earnings • Jul 17
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: 274.9m (up 241.1m from 2Q 2022). Net income: 22.7m (up 22.7m from 2Q 2022). Profit margin: 8.2% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to 16.00, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 8x in the Banks industry in South America. Total returns to shareholders of 17,020% over the past three years. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to 12.00, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 8x in the Banks industry in South America. Total returns to shareholders of 10,172% over the past three years. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to 10.65, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 7x in the Banks industry in South America. Total returns to shareholders of 11,896% over the past three years. Reported Earnings • Apr 24
First quarter 2023 earnings released First quarter 2023 results: EPS: 0.65. Revenue: 282.4m (up 260.3m from 1Q 2022). Net income: 90.6m (up 90.1m from 1Q 2022). Profit margin: 32% (up from 2.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 329% per year, which means it is well ahead of earnings. Reported Earnings • Feb 17
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: 72t (up 64t from FY 2020). Net income: 7.34t (up 252% from FY 2020). Profit margin: 10% (down from 29% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Is New 90 Day High Low • Mar 09
New 90-day high: 1,200,000 The company is up 7.0% from its price of 1,120,010 on 08 December 2020. The Venezuelan market is up 1,358% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 2,052% over the same period. Is New 90 Day High Low • Nov 12
New 90-day high: 650,000 The company is up 242% from its price of 190,000 on 14 August 2020. The Venezuelan market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 16% over the same period. Is New 90 Day High Low • Oct 14
New 90-day high: 450,000 The company is up 291% from its price of 115,000 on 16 July 2020. The Venezuelan market is up 76% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 79% over the same period. Is New 90 Day High Low • Sep 26
New 90-day high: 286,000 The company is up 138% from its price of 120,000 on 26 June 2020. The Venezuelan market is up 64% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 66% over the same period.