Declared Dividend • Jul 30
Second quarter dividend of US$0.69 announced Shareholders will receive a dividend of US$0.69. Ex-date: 7th August 2026 Payment date: 25th August 2026 Dividend yield will be 4.8%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is well covered by earnings (43% payout ratio) and is expected to be well covered in 3 years' time (41% forecast payout ratio). The dividend has increased by an average of 6.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 28
Second quarter 2026 earnings released: EPS: US$1.77 (vs US$1.73 in 2Q 2025) Second quarter 2026 results: EPS: US$1.77 (up from US$1.73 in 2Q 2025). Revenue: US$90.3m (up 6.2% from 2Q 2025). Net income: US$66.5m (up 3.6% from 2Q 2025). Profit margin: 74% (down from 76% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jul 28
Bladex Inc. Approves Quarterly Common Dividend, Payable on August 25, 2026 The Board of Directors of Bladex Inc. approved a quarterly common dividend of $0.6875 per share corresponding to 2Q26. The cash dividend will be paid on August 25, 2026, to shareholders registered as of August 7, 2026. Duyuru • Jul 17
Bladex Inc. to Report Q2, 2026 Results on Jul 28, 2026 Bladex Inc. announced that they will report Q2, 2026 results on Jul 28, 2026 Duyuru • Apr 14
Banco Latinoamericano de Comercio Exterior, S. A. to Report Q1, 2026 Results on Apr 27, 2026 Banco Latinoamericano de Comercio Exterior, S. A. announced that they will report Q1, 2026 results After-Market on Apr 27, 2026 Duyuru • Mar 21
Banco Latinoamericano de Comercio Exterior, S. A., Annual General Meeting, Apr 21, 2026 Banco Latinoamericano de Comercio Exterior, S. A., Annual General Meeting, Apr 21, 2026. Duyuru • Feb 13
Banco Latinoamericano De Comercio Exterior, S. A. Increases Quarterly Cash Dividend, Payable on March 12, 2026 Banco Latinoamericano de Comercio Exterior, S. A. announced that its Board of Directors has approved an increase in the quarterly cash dividend to $0.6875 per share, up from $0.625 per share in the previous quarter. The dividend increase reflects the Bank's record financial performance in 2025 and underscores its continued commitment to delivering attractive shareholder returns while maintaining financial strength and flexibility. The new quarterly dividend represents 46% of fourth-quarter 2025 net income, consistent with Bladex's disciplined and balanced capital allocation approach. The cash dividend is payable March 12, 2026 to the Bank's stockholders as of February 25, 2026 record date. Duyuru • Jan 30
Banco Latinoamericano de Comercio Exterior, S. A. to Report Q4, 2025 Results on Feb 12, 2026 Banco Latinoamericano de Comercio Exterior, S. A. announced that they will report Q4, 2025 results After-Market on Feb 12, 2026 Duyuru • Oct 29
Banco Latinoamericano de Comercio Exterior, S. A. Approves Quarterly Common Dividend for the Third Quarter of 2025, Payable on November 25, 2025 The Board of Directors of Banco Latinoamericano de Comercio Exterior, S. A. approved a quarterly common dividend of $0.625 per share corresponding to third quarter of 2025. The cash dividend will be paid on November 25, 2025, to shareholders registered as of November 10, 2025. Duyuru • Oct 18
Banco Latinoamericano de Comercio Exterior, S. A. to Report Q3, 2025 Results on Oct 28, 2025 Banco Latinoamericano de Comercio Exterior, S. A. announced that they will report Q3, 2025 results After-Market on Oct 28, 2025 Duyuru • Aug 05
Banco Latinoamericano De Comercio Exterior, S. A. Announces Quarterly Dividend Payment for Second Quarter 2025, Payable on September 3, 2025 Banco Latinoamericano de Comercio Exterior, S.A. announced its Board of Directors' approval of a quarterly cash dividend of USD 0.625 per share corresponding to the second quarter of 2025. The cash dividend is payable September 3, 2025 to the Bank's stockholders as of August 15, 2025 record date. Duyuru • Jul 15
Banco Latinoamericano de Comercio Exterior, S. A. to Report Q2, 2025 Results on Aug 04, 2025 Banco Latinoamericano de Comercio Exterior, S. A. announced that they will report Q2, 2025 results After-Market on Aug 04, 2025 Duyuru • May 06
Banco Latinoamericano de Comercio Exterior, S.A. Announces Quarterly Cash Dividend for First Quarter of 2025, Payable on June 3, 2025 Banco Latinoamericano de Comercio Exterior, S.A. announced its Board of Directors' approval of a quarterly cash dividend of USD 0.625 per share corresponding to the first quarter of 2025. The cash dividend is payable on June 3, 2025 to the Bank's stockholders as of May 16, 2025 record date. Duyuru • Apr 21
Banco Latinoamericano de Comercio Exterior, S. A. to Report Q1, 2025 Results on May 05, 2025 Banco Latinoamericano de Comercio Exterior, S. A. announced that they will report Q1, 2025 results After-Market on May 05, 2025 Duyuru • Mar 31
Banco Latinoamericano de Comercio Exterior, S. A., Annual General Meeting, Apr 29, 2025 Banco Latinoamericano de Comercio Exterior, S. A., Annual General Meeting, Apr 29, 2025. Duyuru • Mar 01
Banco Latinoamericano de Comercio Exterior, S. A. to Launch of its Digital Trade Finance Platform in the Second Half of 2025 Banco Latinoamericano de Comercio Exterior, S. A. will continue executing its strategic plan, including the launch of its digital trade finance platform in the second half of 2025, further strengthening its product offering and operational efficiency. Duyuru • Feb 28
Banco Latinoamericano de Comercio Exterior, S. A. Announces Quarterly Dividend Payment for Fourth Quarter 2024, Payable March 25, 2025 Banco Latinoamericano de Comercio Exterior, S.A. announced its Board of Directors' approval of a quarterly cash dividend of USD 0.625 per share corresponding to the fourth quarter of 2024. The cash dividend is payable March 25, 2025 to the Bank's stockholders as of March 10, 2025 record date. Duyuru • Feb 05
Banco Latinoamericano de Comercio Exterior, S. A. to Report Q4, 2024 Results on Feb 27, 2025 Banco Latinoamericano de Comercio Exterior, S. A. announced that they will report Q4, 2024 results After-Market on Feb 27, 2025 Buy Or Sell Opportunity • Oct 30
Now 20% undervalued Over the last 90 days, the stock has risen 2.7% to €30.40. The fair value is estimated to be €38.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 46%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 9.3% in the next 2 years. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: US$1.44 (vs US$1.25 in 3Q 2023) Third quarter 2024 results: EPS: US$1.44 (up from US$1.25 in 3Q 2023). Revenue: US$73.9m (up 13% from 3Q 2023). Net income: US$53.0m (up 16% from 3Q 2023). Profit margin: 72% (up from 70% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 30
Banco Latinoamericano de Comercio Exterior, S.A. Announces Quarterly Dividend for Third Quarter 2024, Payable on November 26, 2024 Banco Latinoamericano de Comercio Exterior, S.A. announced its Board of Directors' approval of a quarterly cash dividend of USD 0.50 per share corresponding to the third quarter of 2024. The cash dividend is payable November 26, 2024 to the Bank's stockholders as of November 8, 2024 record date. Duyuru • Oct 11
Banco Latinoamericano de Comercio Exterior, S. A. to Report Q3, 2024 Results on Oct 29, 2024 Banco Latinoamericano de Comercio Exterior, S. A. announced that they will report Q3, 2024 results After-Market on Oct 29, 2024 Duyuru • Oct 10
Banco Latinoamericano De Comercio Exterior, S. A. Appoints Sergio Olarte as Chief Economist Banco Latinoamericano de Comercio Exterior announced that it continues to consolidate its position as a key player in the economic development of Latin America and the Caribbean with the addition of Sergio Olarte, a renowned economist with more than 24 years of experience in economic analysis and the financial system. With his addition, Bladex strengthens its commitment to contribute to sustainable growth in the region. Mr. Olarte holds a Master's degree in Monetary Policy from the University of Illinois and has had a distinguished career in prestigious financial and academic institutions. During his 12 years at the Central Bank of Colombia, he was part of the Advisory Committee for the formulation of monetary policy and interest rates, and actively participated in key decisions affecting the country's economy. His career also includes the creation of the Economic Research Department at BTG Pactual and the structuring of the Economic Research team at Scotiabank Colombia, consolidating its leadership in macroeconomic and financial analysis. In addition, Olarte has been a professor of macroeconomics for more than 15 years at prestigious Colombian universities such as the Universidad del Rosario, EAFIT and Externado. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €25.00, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Diversified Financial industry in Germany. Total returns to shareholders of 110% over the past three years. Declared Dividend • Jul 29
Second quarter dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 5th August 2024 Payment date: 20th August 2024 Dividend yield will be 5.6%, which is lower than the industry average of 6.4%. Sustainability & Growth The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: US$1.36 (vs US$1.02 in 2Q 2023) Second quarter 2024 results: EPS: US$1.36 (up from US$1.02 in 2Q 2023). Revenue: US$68.4m (up 30% from 2Q 2023). Net income: US$50.1m (up 35% from 2Q 2023). Profit margin: 73% (up from 70% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 24
Banco Latinoamericano de Comercio Exterior, S.A. Announces Dividend for the Second Quarter of 2024, Payable on August 20, 2024 Banco Latinoamericano de Comercio Exterior, S.A. announced its Board of Directors' approval of a quarterly cash dividend of USD 0.50 per share corresponding to the second quarter of 2024. The cash dividend is payable August 20, 2024 to the Bank's stockholders as of August 5, 2024 record date. Buy Or Sell Opportunity • Jul 12
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 6.6% to €29.20. The fair value is estimated to be €23.79, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 5.9% in the next 2 years. Duyuru • Jul 05
Banco Latinoamericano de Comercio Exterior, S. A. to Report Q2, 2024 Results on Jul 23, 2024 Banco Latinoamericano de Comercio Exterior, S. A. announced that they will report Q2, 2024 results After-Market on Jul 23, 2024 Buy Or Sell Opportunity • May 06
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to €28.80. The fair value is estimated to be €23.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 5.9% in the next 2 years. Board Change • Apr 23
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Angelica Celis was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 21
First quarter 2024 earnings released: EPS: US$1.40 (vs US$1.02 in 1Q 2023) First quarter 2024 results: EPS: US$1.40 (up from US$1.02 in 1Q 2023). Revenue: US$69.6m (up 32% from 1Q 2023). Net income: US$51.3m (up 39% from 1Q 2023). Profit margin: 74% (up from 70% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Duyuru • Mar 16
Banco Latinoamericano de Comercio Exterior, S. A., Annual General Meeting, Apr 17, 2024 Banco Latinoamericano de Comercio Exterior, S. A., Annual General Meeting, Apr 17, 2024, at 10:30 US Eastern Standard Time. Location: Santa Maria Hotel, Santa Maria Boulevard, Panama City Panama Agenda: To approve the bank’s audited consolidated financial statements for the fiscal year ended December 31, 2023; to ratify the appointment of kpmg (“kpmg”) as the bank’s independent registered public accounting firm for the fiscal year ending december 31, 2024; to elect three directors (one director to represent the holders of the class e shares of the bank’s common stock (“class e director”) and two directors to represent the holders of all classes of shares of the bank’s common stock (“all classes directors”)), each to serve a three-year term; to approve, on an advisory basis, the compensation of the bank’s executive officers; and to consider other matters. Duyuru • Mar 15
Banco Latinoamericano de Comercio Exterior, S. A. to Report Q1, 2024 Results on Apr 18, 2024 Banco Latinoamericano de Comercio Exterior, S. A. announced that they will report Q1, 2024 results After-Market on Apr 18, 2024 Reported Earnings • Feb 26
Full year 2023 earnings released Full year 2023 results: Revenue: US$238.7m (up 62% from FY 2022). Net income: US$166.2m (up 81% from FY 2022). Profit margin: 70% (up from 63% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Diversified Financial industry in Germany. Duyuru • Feb 02
Banco Latinoamericano de Comercio Exterior, S. A. to Report Q4, 2023 Results on Feb 22, 2024 Banco Latinoamericano de Comercio Exterior, S. A. announced that they will report Q4, 2023 results After-Market on Feb 22, 2024 Buy Or Sell Opportunity • Jan 30
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to €23.20. The fair value is estimated to be €19.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 9.6% per annum over the same time period. Reported Earnings • Oct 22
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: US$65.3m (up 57% from 3Q 2022). Net income: US$45.8m (up 70% from 3Q 2022). Profit margin: 70% (up from 65% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Diversified Financial industry in Germany. Duyuru • Oct 20
Banco Latinoamericano de Comercio Exterior, S.A. Announces Quarterly Dividend Payment for Third Quarter 2023, Payable on November 16, 2023 Banco Latinoamericano de Comercio Exterior, S.A. announced its Board of Directors' approval of a quarterly cash dividend of USD 0.25 per share corresponding to the third quarter of 2023. The cash dividend is payable November 16, 2023 to the Bank's stockholders as of October 30, 2023 record date. Duyuru • Oct 05
Banco Latinoamericano de Comercio Exterior, S. A. to Report Q3, 2023 Results on Oct 19, 2023 Banco Latinoamericano de Comercio Exterior, S. A. announced that they will report Q3, 2023 results After-Market on Oct 19, 2023 Duyuru • Jul 23
Banco Latinoamericano de Comercio Exterior, S. A. Announces Quarterly Dividend Payment for Second Quarter 2023, Payable on August 15, 2023 Banco Latinoamericano de Comercio Exterior, S.A. announced its Board of Directors' approval of a quarterly cash dividend of $0.25 per share corresponding to the second quarter of 2023. The cash dividend is payable August 15, 2023 to the Bank's stockholders as of July 31, 2023 record date. Reported Earnings • Jul 21
Second quarter 2023 earnings released: EPS: US$1.02 (vs US$0.63 in 2Q 2022) Second quarter 2023 results: EPS: US$1.02 (up from US$0.63 in 2Q 2022). Revenue: US$52.7m (up 46% from 2Q 2022). Net income: US$37.1m (up 61% from 2Q 2022). Profit margin: 70% (up from 64% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 31% per year. Duyuru • Jul 04
Banco Latinoamericano de Comercio Exterior, S. A. to Report Q2, 2023 Results on Jul 20, 2023 Banco Latinoamericano de Comercio Exterior, S. A. announced that they will report Q2, 2023 results After-Market on Jul 20, 2023 Upcoming Dividend • Apr 26
Upcoming dividend of US$0.25 per share at 5.5% yield Eligible shareholders must have bought the stock before 03 May 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 5.5%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.6%). Reported Earnings • Apr 20
First quarter 2023 earnings released: EPS: US$1.02 (vs US$0.31 in 1Q 2022) First quarter 2023 results: EPS: US$1.02 (up from US$0.31 in 1Q 2022). Revenue: US$52.8m (up 139% from 1Q 2022). Net income: US$37.0m (up 233% from 1Q 2022). Profit margin: 70% (up from 50% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Independent Director Fausto de Andrade Ribeiro was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. Director Fausto de Andrade Ribeiro was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €19.20, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 32x in the Diversified Financial industry in Germany. Total returns to shareholders of 42% over the past three years. Duyuru • Feb 07
Banco Latinoamericano de Comercio Exterior, S. A. to Report Q4, 2022 Results on Feb 27, 2023 Banco Latinoamericano de Comercio Exterior, S. A. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 27, 2023 Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: US$0.74 (vs US$0.41 in 3Q 2021) Third quarter 2022 results: EPS: US$0.74 (up from US$0.41 in 3Q 2021). Revenue: US$41.5m (up 59% from 3Q 2021). Net income: US$26.9m (up 71% from 3Q 2021). Profit margin: 65% (up from 60% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 8% per year. Duyuru • Nov 10
Banco Latinoamericano de Comercio Exterior Announces Change to Board of Directors Banco Latinoamericano de Comercio Exterior, S.A. (Bladex or the Bank), announced that Mr. Eduardo Hecker, a Class “A” Director of Bladex’s Board of Directors has resigned as of October 12, 2022. Mr. Hecker was a member of the Audit Committee and of the Compensation Committee. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$0.74 (vs US$0.41 in 3Q 2021) Third quarter 2022 results: EPS: US$0.74 (up from US$0.41 in 3Q 2021). Revenue: US$41.6m (up 60% from 3Q 2021). Net income: US$26.9m (up 71% from 3Q 2021). Profit margin: 65% (up from 60% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 6% per year. Duyuru • Nov 02
Banco Latinoamericano De Comercio Exterior, S. A. Approves Quarterly Cash Dividend, Payable on November 30, 2022 Banco Latinoamericano de Comercio Exterior, S.A. announced its Board of Directors' approval of a quarterly cash dividend of USD 0.25 per share corresponding to the third quarter of 2022. The cash dividend is payable November 30, 2022 to the Bank's stockholders as of November 14, 2022 record date. Duyuru • Oct 25
Banco Latinoamericano de Comercio Exterior, S. A. to Report Q3, 2022 Results on Nov 01, 2022 Banco Latinoamericano de Comercio Exterior, S. A. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 01, 2022 Buying Opportunity • Sep 20
Now 21% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be €18.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years, while earnings per share has been flat. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$0.63 (vs US$0.35 in 2Q 2021) Second quarter 2022 results: EPS: US$0.63 (up from US$0.35 in 2Q 2021). Revenue: US$36.1m (up 49% from 2Q 2021). Net income: US$23.0m (up 63% from 2Q 2021). Profit margin: 64% (up from 58% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Duyuru • Aug 04
Banco Latinoamericano De Comercio Exterior, S. A. Announces Quarterly Cash Dividend for the Second Quarter of 2022, Payable on August 30, 2022 Banco Latinoamericano de Comercio Exterior, S.A. announced its Board of Directors' approval of a quarterly cash dividend of USD 0.25 per share corresponding to the second quarter of 2022. The cash dividend is payable August 30, 2022 to the Bank's stockholders as of August 15, 2022 record date. Duyuru • Jul 28
Banco Latinoamericano de Comercio Exterior, S. A. to Report Q2, 2022 Results on Aug 03, 2022 Banco Latinoamericano de Comercio Exterior, S. A. announced that they will report Q2, 2022 results After-Market on Aug 03, 2022 Duyuru • Jun 24
Banco Latinoamericano De Comercio Exterior, S.A. Announces the Appointment of Carlos Daniel Raad as New Executive Vice President, Head of Investor Relations Banco Latinoamericano de Comercio Exterior, S.A. announced the appointment of Mr. Carlos Daniel Raad as new Executive Vice President, Head of Investor Relations. Mr. Raad has more than 18 years of professional experience in the financial sector, with a successful career in Bancolombia where he served in various positions, most recently as Director of Investor Relations. He holds a Bachelor's Degree in Industrial Engineering and an MBA from Universidad de Los Andes, Colombia, with the international exchange program of IE Business School, Spain. Reported Earnings • Jun 04
First quarter 2022 earnings released: EPS: US$0.31 (vs US$0.32 in 1Q 2021) First quarter 2022 results: EPS: US$0.31 (down from US$0.32 in 1Q 2021). Revenue: US$22.1m (flat on 1Q 2021). Net income: US$11.1m (down 13% from 1Q 2021). Profit margin: 50% (down from 58% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Duyuru • Jun 01
Banco Latinoamericano de Comercio Exterior, S.A. Announces Board Changes On May 30, 2022, Ms. Lorenza Martinez Trigueros tendered her resignation as Class E Director of Banco Latinoamericano de Comercio Exterior, S.A. Ms. Martinez Trigueros' resignation was not due to any disagreement with BLADEX. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$0.31 (vs US$0.32 in 1Q 2021) First quarter 2022 results: EPS: US$0.31 (down from US$0.32 in 1Q 2021). Revenue: US$22.1m (flat on 1Q 2021). Net income: US$11.1m (down 13% from 1Q 2021). Profit margin: 50% (down from 58% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Duyuru • May 05
Banco Latinoamericano de Comercio Exterior, S. A. Announcers Quarterly Common Dividend, Payable on June 1, 2022 The Board of Banco Latinoamericano de Comercio Exterior, S. A. approved a quarterly common dividend of $0.25per share corresponding to the first quarter 2022. The cash dividend will be paid on June 1, 2022, to shareholders registered as of May 16, 2022. Duyuru • Apr 21
Banco Latinoamericano de Comercio Exterior, S.A. to Report Q1, 2022 Results on May 04, 2022 Banco Latinoamericano de Comercio Exterior, S.A. announced that they will report Q1, 2022 results Pre-Market on May 04, 2022 Buying Opportunity • Apr 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.8%. The fair value is estimated to be €17.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Earnings per share has grown by 20%. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: US$1.62 (vs US$1.60 in FY 2020) Full year 2021 results: EPS: US$1.62. Revenue: US$101.6m (flat on FY 2020). Net income: US$62.7m (down 1.4% from FY 2020). Profit margin: 62% (down from 63% in FY 2020). Buying Opportunity • Mar 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.4%. The fair value is estimated to be US$17.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% per annum over the last 3 years. Earnings per share has grown by 20% per annum over the last 3 years. Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$1.62 (up from US$1.60 in FY 2020). Revenue: US$101.9m (up 1.3% from FY 2020). Net income: US$62.7m (down 1.4% from FY 2020). Profit margin: 62% (down from 63% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.9%. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Duyuru • Feb 24
Banco Latinoamericano De Comercio Exterior, S.A Approves Quarterly Cash Dividend for the Fourth Quarter of 201, Payable on March 22, 2022 Banco Latinoamericano de Comercio Exterior, S.A. announced its Board of Directors' approval of a quarterly cash dividend of USD 0.25 per share corresponding to the fourth quarter of 2021. The cash dividend is payable March 22, 2022 to the Bank's stockholders as of March 7, 2022 record date. Duyuru • Feb 05
Banco Latinoamericano de Comercio Exterior, S.A to Report Q4, 2021 Results on Feb 22, 2022 Banco Latinoamericano de Comercio Exterior, S.A announced that they will report Q4, 2021 results Pre-Market on Feb 22, 2022 Upcoming Dividend • Nov 01
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 08 November 2021. Payment date: 23 November 2021. Trailing yield: 5.5%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.2%). Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS US$0.41 (vs US$0.39 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: US$26.1m (up 10% from 3Q 2020). Net income: US$15.7m (up 1.7% from 3Q 2020). Profit margin: 60% (down from 65% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 29
Second quarter 2021 earnings released: EPS US$0.36 (vs US$0.36 in 2Q 2020) The company reported a mediocre second quarter result with weaker profit margins, although earnings were flat and revenues improved. Second quarter 2021 results: Revenue: US$24.2m (up 7.5% from 2Q 2020). Net income: US$14.1m (flat on 2Q 2020). Profit margin: 58% (down from 63% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • May 06
First quarter 2021 earnings released: EPS US$0.32 (vs US$0.46 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$22.0m (down 24% from 1Q 2020). Net income: US$12.8m (down 30% from 1Q 2020). Profit margin: 58% (down from 64% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS US$1.60 (vs US$2.17 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$100.6m (down 21% from FY 2019). Net income: US$63.6m (down 26% from FY 2019). Profit margin: 63% (down from 68% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Duyuru • Mar 20
Banco Latinoamericano de Comercio Exterior, S.A, Annual General Meeting, Apr 21, 2021 Banco Latinoamericano de Comercio Exterior, S.A, Annual General Meeting, Apr 21, 2021, at 10:30 Eastern Standard Time. Agenda: To approve the Bank's audited consolidated financial statements for the fiscal year ended December 31, 2020; to ratify the appointment of KPMG ( KPMG") as the Bank's independent registered public accounting firm for the fiscal year ending December 31, 2021; to elect three directors (one director to represent the holders of the Class E shares of the Bank's common stock ( Class E Director") and two directors to represent the holders of all classes of shares of the Bank's common stock ( All Classes Directors")), each to serve a three-year term; to approve, on an advisory basis, the compensation of the Bank's executive officers; and to transact such other business as may properly come before the Annual Meeting. Is New 90 Day High Low • Mar 11
New 90-day high: €13.80 The company is up 9.0% from its price of €12.70 on 11 December 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Diversified Financial industry, which is down 2.0% over the same period. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS US$1.60 (vs US$2.17 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$99.6m (down 21% from FY 2019). Net income: US$63.6m (down 26% from FY 2019). Profit margin: 64% (down from 68% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Duyuru • Jan 28
Banco Latinoamericano de Comercio Exterior, S.A to Report Q4, 2020 Results on Feb 12, 2021 Banco Latinoamericano de Comercio Exterior, S.A announced that they will report Q4, 2020 results Pre-Market on Feb 12, 2021 Is New 90 Day High Low • Jan 08
New 90-day high: €13.30 The company is up 17% from its price of €11.40 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is down 1.0% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: €13.00 The company is up 23% from its price of €10.60 on 18 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 11% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: €12.40 The company is up 20% from its price of €10.30 on 21 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is down 24% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS US$0.39 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$23.6m (down 18% from 3Q 2019). Net income: US$15.4m (down 24% from 3Q 2019). Profit margin: 65% (down from 71% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of US$23.0m, down 73% from the prior year. Total revenue was US$109.7m over the last 12 months, down 14% from the prior year. Duyuru • Oct 13
Banco Latinoamericano de Comercio Exterior, S.A to Report Q3, 2020 Results on Oct 27, 2020 Banco Latinoamericano de Comercio Exterior, S.A announced that they will report Q3, 2020 results at 9:00 AM, US Eastern Standard Time on Oct 27, 2020 Is New 90 Day High Low • Oct 08
New 90-day high: €11.10 The company is up 19% from its price of €9.30 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is down 8.0% over the same period. 
