Banco Latinoamericano De Comercio (BLX) AI Stock Analysis

• Market Cap: $1.74B
• Dividend Yield: 5.67%
• Average Volume (3M): 151.43K
• Price to Earnings (P/E): 8.1
• Beta (1Y): 0.57
• Revenue Growth: 1.35%
• EPS Growth: 9.65%
• Country: US
• Employees: 175
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 1.50
• Shares Outstanding: 28,736,597
• 10 Day Avg. Volume: 151,817
• 30 Day Avg. Volume: 151,425
• PEG Ratio: 0.80
• Price to Book (P/B): 0.99
• Price to Sales (P/S): 4.88
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 2.28
• Enterprise Value/Revenue: 5.53
• Enterprise Value/Gross Profit: 12.49
• Enterprise Value/Ebitda: 17.23
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: $49.00 ▲(8.58% Upside)
• Action: Upgraded Date: 01/17/26
• Date: Action: Upgraded 01/17/26

The score is primarily supported by attractive valuation (low P/E and high dividend yield) and solid profitability/capital metrics, reinforced by a constructive earnings call with reaffirmed guidance and strong deposit and fee-income growth. The main constraints are uneven financial consistency (recent revenue decline and historically volatile cash flows) and only mixed technical momentum (negative MACD despite stable RSI/stochastic).

Positive Factors

Revenue Growth

The strong revenue growth trajectory indicates expanding market reach and effective business strategies, supporting long-term sustainability.

Capital Strengthening

The successful capital issuance strengthens the bank's capital base, enhancing its ability to support high-value transactions and future growth.

Deposit Growth

Significant deposit growth reflects strong customer trust and provides a stable funding base for future lending and investment activities.

Negative Factors

High Leverage

High leverage can strain financial stability, limiting flexibility and increasing vulnerability to market changes.

Cash Flow Challenges

Persistent cash flow challenges can hinder the company's ability to fund operations and growth initiatives, impacting long-term viability.

Decline in Net Interest Margin

A declining net interest margin may pressure profitability, affecting the bank's ability to generate income from its core lending activities.

Banco Latinoamericano De Comercio Business Overview & Revenue Model

Company Description

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It offers short and medium-term bilateral loans, structured and syndicated credits, and loan commitments; financial guarantee contracts, such as issued and confirmed letters of credit, and stand-by letters of credit; and guarantees covering commercial risk and other assets, as well as co-financing arrangements, underwriting of syndicated credit facilities, structured trade financing in the form of factoring and vendor financing, and financial leasing. The company also provides treasury solutions, including term deposits and private placements. It primarily serves financial institutions, corporations, and sovereigns and state-owned entities. The company was formerly known as Banco Latinoamericano de Exportaciones, S.A. and changed its name to Banco Latinoamericano de Comercio Exterior, S. A. in June 2009. Banco Latinoamericano de Comercio Exterior, S. A. was founded in 1977 and is headquartered in Panama City, the Republic of Panama.

How the Company Makes Money

BLX generates revenue primarily through interest income from loans extended to clients, which include corporations and government entities in Latin America and the Caribbean. The bank also earns fees from trade finance operations, such as letters of credit and guarantees, which facilitate international trade transactions. Additionally, BLX engages in investment activities, managing its own portfolio of financial assets, which can provide capital gains and interest income. Significant partnerships with regional development banks and international financial institutions further enhance its ability to provide comprehensive financial solutions, while also contributing to its earnings through collaborative projects and shared risk management.

Banco Latinoamericano De Comercio Financial Statement Overview

Summary

Profitability is solid in the latest TTM with ~27% net and EBIT margins, and leverage is improving (debt-to-equity ~2.16) with ROE around ~15%. Offsetting this, TTM revenue is down (-7.4% YoY) and cash flow has been highly volatile across years (large negative in 2024 followed by a sharp rebound), reducing consistency and predictability.

Income Statement

TTM (Trailing-Twelve-Months) revenue is slightly down (-7.4%) versus the prior year, but profitability remains solid with net margin around 27% and EBIT margin also near 27%. Over the last few annual periods, revenue expanded meaningfully into 2024, and margins generally improved versus 2023–2024 levels. A key weakness is the historical volatility in reported profitability (notably 2022 showing an unusual negative net margin), which reduces confidence in consistency despite the strong recent run-rate.

Balance Sheet

Leverage is elevated but improving: debt-to-equity is ~2.16 in TTM (Trailing-Twelve-Months), down from ~3.43 in 2024 and higher levels earlier, supported by rising equity. Returns on equity are healthy and stable around ~15% in both 2024 and TTM, indicating good profitability relative to capital. The main risk remains a still-high absolute leverage profile for a regional bank, which can amplify earnings sensitivity in stressed periods even though the trend is moving in the right direction.

Cash Flow

Cash generation is a mixed picture: TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are strongly positive (~$0.83B) and roughly match net income, signaling good cash conversion in the latest period. However, recent history shows significant volatility with deeply negative operating/free cash flow in 2024 (and other earlier years), followed by a sharp rebound, which raises questions about durability. The very large TTM free cash flow growth rate reflects this swing rather than steady compounding.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	339.60M	810.60M	683.41M	330.75M	155.74M
Gross Profit	317.50M	284.78M	209.87M	126.61M	101.64M
EBITDA	226.90M	209.44M	169.25M	94.75M	66.19M
Net Income	226.90M	205.87M	166.16M	92.04M	62.70M
Balance Sheet
Total Assets	12.79B	11.86B	10.74B	9.28B	8.04B
Cash, Cash Equivalents and Short-Term Investments	0.00	2.06B	2.06B	1.24B	1.25B
Total Debt	4.03B	4.58B	4.68B	4.73B	3.75B
Total Liabilities	11.11B	10.52B	9.54B	8.21B	7.05B
Stockholders Equity	1.68B	1.34B	1.20B	1.07B	991.79M
Cash Flow
Free Cash Flow	0.00	-1.13B	1.06B	-772.37M	-872.52M
Operating Cash Flow	0.00	-1.13B	1.06B	-769.65M	-871.71M
Investing Cash Flow	0.00	-180.02M	-12.77M	-166.66M	-446.08M
Financing Cash Flow	0.00	1.14B	-253.22M	916.25M	1.68B

Banco Latinoamericano De Comercio Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 45.13
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BLX, the sentiment is Positive. The current price of 45.13 is below the 20-day moving average (MA) of 49.12, below the 50-day MA of 46.27, and above the 200-day MA of 43.61, indicating a bullish trend. The MACD of 1.09 indicates Positive momentum. The RSI at 59.65 is Neutral, neither overbought nor oversold. The STOCH value of 30.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BLX.

Banco Latinoamericano De Comercio Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OFG	73 Outperform	$1.85B	9.19	14.82%	2.73%	3.98%	6.75%
BUSE	71 Outperform	$2.33B	17.90	5.33%	4.11%	41.45%	-41.16%
BLX	70 Outperform	$1.74B	8.11	15.05%	5.67%	1.35%	9.65%
BBAR	68 Neutral	$3.38B	13.96	10.18%	0.80%	-39.57%	-49.55%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BMA	65 Neutral	$5.58B	19.69	7.66%	2.37%	-55.81%	-78.94%
EQBK	63 Neutral	$868.17M	37.00	2.90%	1.34%	6.45%	8.32%

Banco Latinoamericano De Comercio Corporate Events

Banco Latinoamericano Reports Financial Growth in Q3 2025

On October 31, 2025, Banco Latinoamericano de Comercio Exterior, S.A. released its unaudited interim condensed consolidated financial statements for the period ending September 30, 2025. The report highlights a growth in total assets from $11.86 billion at the end of 2024 to $12.50 billion by September 2025, driven by increases in loans and investment securities. This financial performance indicates a strengthening position in the market, potentially benefiting stakeholders through improved financial stability and expanded lending capacity.

The most recent analyst rating on (BLX) stock is a Hold with a $48.00 price target. To see the full list of analyst forecasts on Banco Latinoamericano De Comercio stock, see the BLX Stock Forecast page.

Bladex Reports Strong Q3 2025 Financial Results with $55 Million Net Profit

Bladex reported solid financial results for the third quarter and first nine months of 2025, with net profits of $55 million and $170.9 million, respectively. The bank’s performance was driven by diversified earnings, strong fee income, and a growing credit portfolio, despite challenges like margin compression and higher provisions for credit losses. The successful issuance of $200 million in Additional Tier 1 capital further strengthened its capital position, enhancing its regulatory capital adequacy ratios.

The most recent analyst rating on (BLX) stock is a Hold with a $48.00 price target. To see the full list of analyst forecasts on Banco Latinoamericano De Comercio stock, see the BLX Stock Forecast page.

Bladex Declares Third Quarter 2025 Dividend

On October 28, 2025, Bladex announced the approval of a quarterly cash dividend of $0.625 per share for the third quarter of 2025, payable on November 25, 2025, to stockholders recorded by November 10, 2025. This announcement reflects Bladex’s ongoing commitment to providing returns to its shareholders and underscores its stable financial performance. With 37,231,065.88 shares outstanding as of September 30, 2025, the dividend demonstrates the bank’s robust position in the financial sector, supporting its regional expansion and servicing of a diverse customer base.

The most recent analyst rating on (BLX) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on Banco Latinoamericano De Comercio stock, see the BLX Stock Forecast page.