Overview

* Banco Latinoamericano de Comercio Exterior, S.A. "Bladex" Q3 net profit rises 4% YoY to $55 mln, driven by strong fee income

* Company's Q3 revenue at $82.8 mln, supported by fee and net interest income

* Bladex maintains strong capital position with $200 mln AT1 issuance

Outlook

* Bladex did not provide specific future financial guidance in its press release

Result Drivers

* FEE INCOME GROWTH - Fee income increased by 34% YoY, driven by performance in letters of credit and credit commitments

* CREDIT PORTFOLIO EXPANSION - Credit portfolio reached a new high, supported by steady credit demand across business products

* NET INTEREST INCOME - Net interest income rose 1% YoY due to higher average business volumes

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $82.8

Revenue mln

Q3 EPS $1.48

Q3 Net $55 mln

Income

Q3 Net $67.4

Interest mln

Income

Q3 -$6.5

Credit mln

Loss

Provisio

n

Q3 -$21.3

Operatin mln

g

Expenses

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 Foreign Trade Bank of Latin America Inc ( BLX ) is $49.75, about 9.8% above its October 28 closing price of $44.88

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

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(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.)