)
Overview
<ul>
<li>Panama multinational bank’s Q1 net profit rose 9% yr/yr to $56.4 mln</li>
<li>Q1 revenue grew 7% yr/yr to $83.1 mln; EPS fell 7% yr/yr to $1.31</li>
<li>Board approved quarterly dividend of $0.6875 per share for Q1</li>
</ul>
Outlook
<ul>
<li>Bladex did not provide specific guidance or forecasts for the current qtr or full yr</li>
</ul>
Result Drivers
<ul>
<li>BALANCE SHEET EXPANSION - Co said net profit growth was supported by continued balance sheet expansion and higher average business volumes</li>
<li>FEE GENERATION - Higher fees from off-balance sheet business and loan syndication contributed to non-interest income growth</li>
<li>COST CONTROL - Efficiency ratio improved as revenue growth outpaced higher operating expenses related to technology and modernization investments Company press release:</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
<h3>Q1 $83.10</h3>
Revenue mln
<h3>Q1 EPS $1.31</h3>
Q1 Net $56.40
Income mln
Q1 Net $70.20
Interest mln
Income
<h3>Q1 -$4.70</h3>
Credit mln
Loss
Provisio
n
Q1 -$22 mln
Operatin
g
Expenses
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 5 “strong buy” or “buy”, no “hold” and no “sell” or “strong sell”</li>
<li>The average consensus recommendation for the corporate financial services peer group is “buy”</li>
<li>Wall Street’s median 12-month price target for Banco Latinoamericano de Comercio Exterior SA is $63.00, about 11.2% above its April 27 closing price of $56.64</li>
<li>The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 7 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (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.)</li>
</ul>

Panama's Bladex Q1 net profit rises on higher business volumes