BLX Banco Latinoamericano de Comercio Exterior, S.A.
NYSE · Financial Services · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Apr 20, 2026
$54.78
· of 52w range
· above low
· to high
$38.4152w low
$63.2052w high
P/E
7.3
EPS
$6.11
Revenue
$340M
your badges
52W Range
$38–$63
Analyst Rating
BUY
Price Target
$66
P/E
7.3
ROE
15.0%
Net Profit Margin
66.8%
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BLX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$54.78
P/E
7.3
EPS
$6.11
Revenue
$340M
ROE
15.0%
52W Range
$38–$63
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About Banco Latinoamericano de Comercio Exterior, S.A. Company overview from Wikipedia
Banco Latinoamericano de Comercio Exterior, S.A. (English: Foreign Trade Bank of Latin America, known as Bladex, its commercial trademark) is a multinational bank. Founded in 1977 as Banco Latinoamericano de Exportaciones, S.A. and renamed in June 2009, the company is headquartered in Panama City and finances Latin America and the Caribbean foreign trade.
History
In May 1975, the Republic of Panama proposed to the Central Bank Governors of Latin America for export finance, it was approved in 1976, organized in 1977, incoporporated in 1978, and opened for business on January 2, 1979. It was the first Latin American bank to be listed on the NYSE in 1992. It was one of the tenants in One World Trade Center. It is one of the Companies listed on the New York Stock Exchange (B).
Business
The company finances Latin America and the Caribbean foreign trade through commercial (short and medium-term bilateral, structured and syndicated credits, and loan commitments) and treasury segments.
Current and former board members
Manuel Sánchez (economist)
Herminio Blanco Mendoza
Guillermo Wiese de Osma
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
sectorFinancial Services
industryFinancial Services
countryPA
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$340M2016-12-31 → 2025-12-31
EPS$6.112016-12-31 → 2025-12-31
Free Cash Flow·2017-12-31 → 2024-12-31
Net margin66.8%2018-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | BLX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | 7.35Y avg ≈7.1 | ≈7.1 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | BLX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin | 100.0%5Y avg ≈100.0% | ≈100.0% | · | · | |
| EBITDA Margin | 100.0%5Y avg ≈100.0% | ≈100.0% | · | · | |
| Net Profit Margin | 66.8%5Y avg ≈62.5% | ≈62.5% | · | · | |
| ROA | 1.8%5Y avg ≈1.5% | ≈1.5% | · | · | |
| ROE | 15.0%5Y avg ≈12.2% | ≈12.2% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | BLX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Interest Coverage | 0.75Y avg ≈0.9 | ≈0.9 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | BLX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.05Y avg ≈0.0 | ≈0.0 | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Payout Ratio40.5%
Annualized Payout≈$2.75
5Y Div CAGR≈20.1%
Growth Streak≈2
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Aug 7, 2026 | $0.69 | USD | ≈4.7% |
| May 8, 2026 | $0.69 | USD | ≈4.9% |
| Feb 25, 2026 | $0.69 | USD | ≈5.1% |
| Nov 10, 2025 | $0.63 | USD | ≈5.6% |
| Aug 15, 2025 | $0.63 | USD | ≈5.3% |
| May 16, 2025 | $0.63 | USD | ≈5.7% |
| Mar 10, 2025 | $0.63 | USD | ≈5.6% |
| Nov 8, 2024 | $0.50 | USD | ≈5.9% |
| Aug 5, 2024 | $0.50 | USD | ≈6.3% |
| Apr 26, 2024 | $0.50 | USD | ≈5.1% |
| Mar 1, 2024 | $0.50 | USD | ≈4.6% |
| Oct 27, 2023 | $0.25 | USD | ≈4.7% |
| Jul 28, 2023 | $0.25 | USD | ≈4.3% |
| May 3, 2023 | $0.25 | USD | ≈5.7% |
| Mar 9, 2023 | $0.25 | USD | ≈5.6% |
| Nov 10, 2022 | $0.25 | USD | ≈6.1% |
| Aug 12, 2022 | $0.25 | USD | ≈6.7% |
| May 13, 2022 | $0.25 | USD | ≈7.1% |
| Mar 4, 2022 | $0.25 | USD | ≈6.6% |
| Nov 8, 2021 | $0.25 | USD | ≈5.7% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Next Report
Oct 26, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 3, 2026 | $1.77 | — | — |
| March 31, 2026 | $1.31 | — | — | |
| Dec. 31, 2025 | $1.50 | — | — | |
| Sept. 30, 2025 | $1.48 | — | — | |
| June 30, 2025 | $1.73 | — | — | |
| March 31, 2025 | $1.40 | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $340M | $304M | $266M | $167M | $104M | $99M | $127M | $128M | $138M | $168M | |
| Operating Income | $340M | $304M | $266M | $167M | $104M | $99M | $127M | $128M | $138M | $168M | |
| Interest Expense | $497M | $526M | $446M | $185M | $54M | $89M | $164M | $149M | $106M | $91M | |
| Interest Income | $768M | $785M | $679M | $333M | $141M | $181M | $274M | $258M | $226M | $246M | |
| Net Income | $227M | $206M | $166M | $92M | $63M | $64M | $86M | $11M | $82M | $87M | |
| EPS (Basic) | $6.11 | $5.60 | $4.55 | $2.54 | $1.62 | $1.60 | $2.17 | $0.28 | $2.09 | $2.23 | |
| EPS (Diluted) | $6.11 | $5.60 | $4.55 | $2.54 | $1.62 | $1.60 | $2.17 | $0.28 | $2.08 | $2.22 | |
| Shares (Basic) | 37,152,000 | 36,740,000 | 36,481,000 | 36,304,000 | 38,796,000 | 39,656 | 39,575 | 39,543 | 39,311 | 39,085 | |
| Shares (Diluted) | 37,152,000 | 36,740,000 | 36,481,000 | 36,304,000 | 38,796,000 | 39,656 | 39,575 | 39,543 | 39,329 | 39,210 | |
| EBITDA | $340M | $304M | $266M | $167M | $104M | $99M | $127M | $128M | $138M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.84B | $1.82B | $1.99B | $1.19B | $1.25B | $864M | $1.18B | $1.75B | $672M | $1.07B | |
| PP&E (Net) | · | · | $17M | $17M | $18M | $16M | $19M | $7M | $7M | $9M | |
| Intangibles | $11M | $4M | $3M | $2M | $2M | $2M | $1M | $2M | $5M | $3M | |
| Total Assets | $12.79B | $11.86B | $10.74B | $9.28B | $8.04B | $6.29B | $7.25B | $7.61B | $6.27B | $7.18B | |
| Total Liabilities | $11.11B | $10.52B | $9.54B | $8.21B | $7.05B | $5.25B | $6.23B | $6.62B | $5.22B | $6.17B | |
| Retained Earnings | $916M | $792M | $673M | $544M | $488M | $464M | $446M | $423M | $480M | $588M | |
| Stockholders' Equity | $1.68B | $1.34B | $1.20B | $1.07B | $992M | $1.04B | $1.02B | $992M | $1.04B | $1.01B |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $780M | $-123M | $1.06B | $-770M | $-872M | $1.25B | $-92M | $-174M | $716M | $784M | |
| CapEx | · | $2M | $761.0K | $2M | $453.0K | $997.0K | $1M | $603.0K | $3M | $4M | |
| Investing Cash Flow | $-211M | $-180M | $-13M | $-167M | $-446M | $-320M | $31M | $-22M | $10M | $148M | |
| Dividends Paid | $92M | $73M | $36M | $36M | $39M | $45M | $59M | $62M | $61M | $60M | |
| Financing Cash Flow | $-547M | $136M | $-253M | $916M | $1.68B | $-1.24B | $-485M | $1.28B | $-1.12B | $-1.19B | |
| Free Cash Flow | · | $-124M | $1.06B | $-771M | $-872M | $1.25B | $-93M | $-174M | $688M | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | · | · | |
| Net Margin | 66.8% | 67.8% | 62.4% | 55.2% | 60.2% | 64.1% | 67.9% | 8.7% | · | · | |
| EBITDA Margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | · | · | |
| ROA | 1.8% | 1.8% | 1.7% | 1.1% | 0.88% | 0.94% | 1.2% | 0.16% | 1.2% | · | |
| ROE | 15.0% | 16.2% | 14.6% | 8.9% | 6.2% | 6.2% | 8.6% | 1.1% | 8.0% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | 0.7 | 0.6 | 0.6 | 0.9 | 1.9 | 1.1 | 0.8 | 0.9 | 1.3 | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $9.14 | · | $7.29 | $4591.01 | $2686.00 | $2500.43 | $3200.43 | $3226.59 | · | · | |
| Cash Flow / Share | $21.00 | · | $29.11 | $-21200.23 | $-22469.17 | $31455.74 | $-2335.62 | $-4389.85 | $17.57 | · | |
| EPS (TTM) | $6.11 | $5.60 | $4.55 | $2.54 | $1.62 | $1.60 | $2.17 | $0.28 | $2.08 | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $340M | $304M | $266M | $167M | $104M | $99M | $127M | $128M | $138M | · | |
| Net Income TTM | $227M | $206M | $166M | $92M | $63M | $64M | $86M | $11M | $82M | · | |
| P/E | 7.3 | 6.4 | 5.4 | 6.4 | 10.2 | 9.9 | 9.9 | 61.8 | 12.9 | · | |
| Earnings Yield | 13.7% | 15.7% | 18.4% | 15.7% | 9.8% | 10.1% | 10.2% | 1.6% | 7.7% | · | |
| Payout Ratio | 40.5% | 35.4% | 21.8% | 39.3% | 61.5% | 70.2% | 68.4% | 552.5% | 73.9% | · | |
| Annual Payout | $92M | $73M | $36M | $36M | $39M | $45M | $59M | $62M | $61M | · |
Per Share
| Metric | Trend | Q4 2016 | Q4 2015 | Q4 2012 | Q4 2010 | Q4 2009 | Q4 2008 | Q4 2007 | Q4 2006 | Q4 2005 | Q4 2004 | Q4 2003 | Q4 2002 | Q4 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EPS (TTM) | $2.22 | $2.66 | $2.45 | $1.15 | $1.50 | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | Q4 2016 | Q4 2015 | Q4 2012 | Q4 2010 | Q4 2009 | Q4 2008 | Q4 2007 | Q4 2006 | Q4 2005 | Q4 2004 | Q4 2003 | Q4 2002 | Q4 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $168M | $425.0K | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income TTM | $87M | $104M | $93M | $42M | $55M | · | · | · | · | · | · | · | · | |
| P/E | 13.3 | 9.7 | 8.8 | 16.1 | 9.3 | · | · | · | · | · | · | · | · | |
| Earnings Yield | 7.5% | 10.3% | 11.4% | 6.2% | 10.8% | · | · | · | · | · | · | · | · | |
| Annual Payout | $60M | $60M | $40M | $23M | $35M | · | · | · | · | · | · | · | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $340M | $304M | $266M | $167M | $104M |
| Operating Margin % | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Net Income | $227M | $206M | $166M | $92M | $63M |
| Diluted EPS | $6.11 | $5.60 | $4.55 | $2.54 | $1.62 |
No data for this statement
Not enough fundamentals data to build this statement yet.
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | · | $-124M | $1.06B | $-771M | $-872M |
Institutional owners (13F) 18 filers · $23.6M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
18
Value held
$23.6M
New positions
3
Exited positions
3
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 3 (+2 vs prior Q) | 3 (+3 vs prior Q) | 6 (0 vs prior Q) | 5 (-2 vs prior Q) | -10K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Uniplan Investment Counsel, Inc. | $8,928,636 | 145,251 | 37.85% | Shares |
| MARTINGALE ASSET MANAGEMENT L P | $2,934,025 | 47,731 | 12.44% | Shares |
| Ramirez Asset Management, Inc. | $2,591,944 | 42,166 | 10.99% | Shares |
| RHUMBLINE ADVISERS | $2,536,978 | 41,272 | 10.75% | Shares |
| NAVELLIER & ASSOCIATES INC | $2,242,241 | 36,477 | 9.51% | Shares |
| Point Nemo Capital, LLC | $1,595,085 | 25,949 | 6.76% | Shares |
| Estabrook Capital Management | $1,384,919 | 22,530 | 5.87% | Shares |
| Sterling Capital Management LLC | $518,868 | 8,441 | 2.20% | Shares |
| DIVERSIFIED TRUST CO | $487,948 | 7,938 | 2.07% | Shares |
| SBI Securities Co., Ltd. | $164,863 | 2,682 | 0.70% | Shares |
| LSV ASSET MANAGEMENT | $70,329 | 1,144,126 | 0.30% | Shares |
| GAMMA Investing LLC | $51,389 | 836 | 0.22% | Shares |
| PNC Financial Services Group, Inc. | $44,611 | 726 | 0.19% | Shares |
| BEDDOW CAPITAL MANAGEMENT INC | $14,015 | 304,870 | 0.06% | Shares |
| Front Row Advisors LLC | $11,962 | 213 | 0.05% | Shares |
| First Command Advisory Services, Inc. | $9,036 | 147 | 0.04% | Shares |
| FTB Advisors, Inc. | $2,740 | 68 | 0.01% | Shares |
| MassMutual Private Wealth & Trust, FSB | $430 | 7 | 0.00% | Shares |
Company insiders 2 insiders · 2 officers · 0 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Annette Marie Van Hoorde | Chief Financial Officer | Aug. 28, 2026 P | 23,132 | 1 | 0 | $79,970 |
| Alejandro Horacio Tizzoni | Chief Risk Officer | Aug. 21, 2026 P | 79,901 | 1 | 0 | $98,050 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 20 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| VFMF · VANGUARD WELLINGTON FUND | 0.11% | 12,423 SH | Aug. 19, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.11% | 23,450 SH | Aug. 19, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.07% | 3,501 SH | Oct. 1, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | 0.07% | 10,039 SH | Aug. 19, 2026 | Daily |
| VSS · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.07% | 387,129 SH | Aug. 19, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.06% | 170,993 SH | Aug. 19, 2026 | Daily |
| IWM · iShares Trust | 0.06% | 793,156 SH | Sept. 11, 2026 | Daily |
| RSSL · Global X Funds | 0.06% | 14,190 NS | July 31, 2026 | N-PORT |
| VFMO · VANGUARD WELLINGTON FUND | 0.03% | 10,575 SH | Aug. 19, 2026 | Daily |
| IWO · iShares Trust | 0.01% | 37,968 SH | Sept. 11, 2026 | Daily |
| VXUS · VANGUARD STAR FUNDS | 0.01% | 1,480,642 SH | Aug. 19, 2026 | Daily |
| VEA · VANGUARD TAX-MANAGED FUNDS | 0.01% | 996,799 SH | Aug. 19, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.01% | 3,143 SH | Aug. 19, 2026 | Daily |
| VSGX · VANGUARD WORLD FUND | 0.01% | 20,104 SH | Aug. 19, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 7,967 SH | Sept. 3, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 83,289 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 2,476 SH | Aug. 19, 2026 | Daily |
| IWN · iShares Trust | · | 256,175 SH | Sept. 11, 2026 | Daily |
| SVAL · iShares Trust | · | 11,349 SH | Sept. 3, 2026 | Daily |
| SMLF · iShares Trust | · | 127,694 SH | Sept. 11, 2026 | Daily |
BLX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 8 analysts
BUY
Median target
$66.80
+21.9%
2 25.0%
Strong Buy
5 62.5%
Buy
1 12.5%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
4 analysts · 2026-09-29Mean target $65.90 +20.3%
← Below all targets
Current price $54.78
Low$57.00
Mean$65.90
High$73.00
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Source: SEC 20-F filed Apr 20, 2026