Quarterly ResultMay 5, 2026, 05:28 PM
Bladex Q1 Profit Rises 8.9% to $56.36M; EPS $1.31
AI Summary
Bladex reported an 8.9% increase in profit for the first quarter of 2026, reaching $56.36 million, driven by a 7.6% rise in net interest income and a 6.6% increase in total revenues. Despite the higher profit, basic earnings per share decreased to $1.31 from $1.40 in the prior year, primarily due to an increase in weighted average shares. The bank also demonstrated strong balance sheet growth, with total assets expanding to $13.74 billion and customer deposits increasing to $7.35 billion as of March 31, 2026.
Key Highlights
- Profit for the period increased 8.9% to $56.36 million for Q1 2026, up from $51.73 million in Q1 2025.
- Basic earnings per share (EPS) decreased to $1.31 in Q1 2026 from $1.40 in Q1 2025.
- Net interest income rose 7.6% to $70.21 million in Q1 2026, compared to $65.26 million in Q1 2025.
- Total revenues grew 6.6% to $83.10 million for Q1 2026, up from $77.95 million in Q1 2025.
- Total assets increased to $13.74 billion as of March 31, 2026, from $12.79 billion at December 31, 2025.
- Loans grew to $9.68 billion as of March 31, 2026, an increase from $9.14 billion at December 31, 2025.
- Customer deposits rose to $7.35 billion as of March 31, 2026, up from $6.64 billion at December 31, 2025.
- Net cash provided by operating activities was $214.25 million in Q1 2026, up from $196.57 million in Q1 2025.
Price Impact
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