Foreign Trade Bank of Latin America Inc

Financial Services US BLX

39.51USD
-0.91(2.25%)

Last update at 2025-05-16T16:50:00Z

Day Range

39.3040.19
LowHigh

52 Week Range

21.4536.10
LowHigh

Fundamentals

  • Previous Close 40.42
  • Market Cap1248.20M
  • Volume36333
  • P/E Ratio6.25
  • Dividend Yield5.85%
  • Revenue TTM279.78M
  • Revenue Per Share TTM7.63
  • Gross Profit TTM 143.70M
  • Diluted EPS TTM5.63

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 92.04M 62.70M 63.59M 86.05M 11.14M
Minority interest - - - - -
Net income -92.57000M 62.70M 63.59M 86.05M 11.14M
Selling general administrative 34.22M 21.65M 21.46M 24.18M 27.99M
Selling and marketing expenses 0.56M 0.18M 0.10M 0.29M 0.34M
Gross profit 166.67M 101.46M 99.16M 126.23M 70.07M
Reconciled depreciation 2.71M 3.49M 4.34M 3.56M 2.46M
Ebit 276.65M 62.70M 63.59M 86.05M 159.88M
Ebitda 279.37M 66.19M 67.93M 89.61M 162.34M
Depreciation and amortization 2.71M 3.49M 4.34M 3.56M 2.46M
Non operating income net other - - - - -
Operating income 276.65M 62.70M 63.59M 86.05M 159.88M
Other operating expenses 109.98M -42.25100M -35.56400M -40.17400M 89.81M
Interest expense 184.61M 54.10M 88.52M 164.17M 148.75M
Tax provision - - - - -
Interest income 332.62M 86.80M 180.97M 273.68M 258.49M
Net interest income 148.01M 86.80M 92.45M 109.52M 109.74M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 184.61M 54.10M 88.52M 164.17M 148.75M
Total revenue 166.67M 104.95M 99.16M 126.23M 70.07M
Total operating expenses 109.98M -42.25100M -35.56400M -40.17400M 89.81M
Cost of revenue - 3.49M - - 2.91M
Total other income expense net -184.61000M -54.10100M -88.52300M -164.16700M -148.74700M
Discontinued operations - - - - -
Net income from continuing ops 92.04M 62.70M 63.59M 86.05M 11.14M
Net income applicable to common shares 92.04M 62.70M 63.59M 86.05M 11.14M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 10743.79M 9283.91M 8038.11M 6288.90M 7249.67M
Intangible assets 2.60M 2.10M 1.59M 1.98M 1.43M
Earning assets - - 1044.23M 500.21M 215.63M
Other current assets 2427.03M 217.03M 5933.77M 4980.52M 5917.19M
Total liab 9539.97M 8214.56M 7046.32M 5250.98M 6233.50M
Total stockholder equity 1203.82M 1069.35M 991.79M 1037.92M 1016.17M
Deferred long term liab - - - - -
Other current liab 913.10M -2195.19000M -1595.60500M -393.32900M -1612.58100M
Common stock 279.98M 279.98M 279.98M 279.98M 279.98M
Capital stock 279.98M 279.98M 279.98M 279.98M 279.98M
Retained earnings 673.28M 543.61M 487.88M 464.09M 446.08M
Other liab - 6.36M 18.16M 6.10M 5.77M
Good will - - - - -
Other assets 439.97M 6999.31M 5909.06M 4980.52M 5920.77M
Cash 1987.07M 1241.59M 1253.05M 863.81M 1178.17M
Cash and equivalents - - - - -
Total current liabilities 2963.84M 62.55M 1595.61M 393.33M 1612.58M
Current deferred revenue 9.65M - - - -
Net debt 2631.44M 5386.86M 2068.86M 1121.26M 1960.14M
Short term debt 2035.94M 2195.19M 1583.05M 382.18M 1596.81M
Short long term debt 1724.61M 2194.22M 1582.06M 380.94M 1595.66M
Short long term debt total 4678.89M 6628.45M 3321.91M 1985.07M 3138.31M
Other stockholder equity 11.87M 6.40M 4.24M 62.41M 60.69M
Property plant equipment - 17.28M 17.78M 16.21M 18.75M
Total current assets 1987.07M 1241.59M 1277.76M 892.11M 1219.93M
Long term investments 1022.13M 1023.63M 831.91M 398.07M 88.79M
Net tangible assets - 1067.24M 990.20M 1035.94M 1014.74M
Short term investments -864.86400M - - - -
Net receivables 115.53M 72.96M 24.71M 28.30M 41.76M
Long term debt 4351.99M 4416.51M 3321.91M 1985.07M 1522.73M
Inventory -2102.59700M - -24.70900M - -
Accounts payable 5.14M 62.55M 12.55M 11.15M 15.77M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 238.69M 239.35M 219.68M 231.44M 229.41M
Additional paid in capital - - - - -
Common stock total equity - - - 279.98M 279.98M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - -115.79900M -57.99900M -59.66900M
Accumulated amortization - - - - -
Non currrent assets other 8140.09M -1043.01800M -851.28700M -416.26500M -108.97300M
Deferred long term asset charges - - - - -
Non current assets total 8316.76M 1043.02M 851.29M 416.26M 108.97M
Capital lease obligations 16.71M 16.75M 17.73M 18.80M 19.91M
Long term debt total - 4433.26M 3321.91M 1985.07M 1541.50M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -166.65900M -445.27600M -317.59700M 31.07M -21.52500M
Change to liabilities 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Total cashflows from investing activities -166.65900M -446.08200M -319.90400M 31.07M -21.52500M
Net borrowings 952.39M 1781.44M -1196.54600M -426.22600M 1342.87M
Total cash from financing activities 916.25M 1682.79M -1241.21500M -485.10700M 1282.50M
Change to operating activities -1048.49400M -852.16100M 915.47M -79.99400M -304.56400M
Net income 92.04M 62.70M 63.59M 86.05M 11.14M
Change in cash -20.06500M 364.99M -313.71000M -546.47400M 1087.38M
Begin period cash flow 1211.00M 846.01M 1159.72M 1706.19M 618.81M
End period cash flow 1190.94M 1211.00M 846.01M 1159.72M 1706.19M
Total cash from operating activities -769.65300M -871.71400M 1247.41M -92.43200M -173.58800M
Issuance of capital stock - - - - -
Depreciation 2.71M 3.49M 4.34M 3.56M 2.46M
Other cashflows from investing activities -163.93800M -445.27600M 0.00100M 0.00100M 0.00100M
Dividends paid -36.14100M -38.57000M -44.66900M -58.88100M 61.54M
Change to inventory - - - - -
Change to account receivables - - - - -
Sale purchase of stock 0.00000M -60.07900M 0.00000M 0.00000M -2.44200M
Other cashflows from financing activities 1490.17M 1880.18M -414.15800M -56.31100M 1602.65M
Change to netincome 29.60M 16.93M 13.44M -23.22500M 75.40M
Capital expenditures 2.72M 0.81M 2.31M 1.52M 0.66M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -894.00600M -954.83300M 1166.04M -158.81600M -262.58600M
Stock based compensation 2.16M 1.91M 1.72M 1.78M 1.05M
Other non cash items 27.44M -86.78200M -92.45000M -109.51500M -109.74300M
Free cash flow -772.37400M -872.52000M 1245.10M -93.95600M -174.24900M

Peer Comparison

Sector: Financial Services Industry: Banks - Regional

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x)
BLX
Foreign Trade Bank of Latin America Inc
-0.91 2.25% 39.51 6.25 - 4.61 0.99 17.76
HDB
HDFC Bank Limited ADR
-0.6 0.82% 72.73 20.81 20.96 0.11 4.77
CIHKY
China Merchants Bank Co Ltd
0.09 0.29% 31.33 6.61 5.68 0.48 0.77 3.43
CIHHF
China Merchants Bank Co Ltd Class H
- -% 5.09 6.10 5.67 0.44 0.77 3.43
IBN
ICICI Bank Limited
-0.085 0.25% 33.92 17.79 16.95 0.07 3.08

Reports Covered

Stock Research & News

Profile

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 in two segments, Commercial and Treasury. It offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing. The company also provides letter of credit comprising import and export letters of credit, and credit discounting and financing, as well as usance payable at sight; stand-by services; bank guarantees, including first demand and local guarantees; import and export documentary collection; irrevocable reimbursement undertaking; and canal tolls. In addition, it offers liquidity and investment solutions, such as time deposits, DDA accounts, Yankee certificate of deposits, and EMTN private placement services, as well as supply chain finance services. The company primarily serves financial institutions, corporations, and sovereigns and state-owned entities. Banco Latinoamericano de Comercio Exterior, S. A.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. The company was founded in 1975 and is headquartered in Panama City, the Republic of Panama.

Foreign Trade Bank of Latin America Inc

Torre V, Business Park, Panama City, Panama

Key Executives

Name Title Year Born
Mr. Jorge L. Salas Chief Exec. Officer 1971
Ms. Ana Graciela de Mendez Exec. VP & CFO 1967
Ms. Erica Lijtztain Exec. VP & COO 1972
Mr. Carlos Daniel Raad Baene Exec. VP, Head of Investor Relations & Chief Investor Relations Officer NA
Mr. Jorge Luis Real Exec. VP, Chief Legal Officer & Corp. Sec. 1974
Mr. Alejandro Tizzoni Exec. VP & Chief Risk Officer 1978
Ms. Monica Cosulich Sr. VP of Fin. & Investor Relations NA
Mr. Olazhir Ledezma Exec. VP of Strategic Planning 1972
Ms. Adriana Lizzeth Diaz Forero Exec. VP & Chief Audit Officer 1984
Mr. Samuel Canineu Exec. VP & Chief Commercial Officer 1982

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