Banco Latinoamericano de Comercio Exterior S. A Full Year 2024 Earnings: In Line With Expectations

Banco Latinoamericano de Comercio Exterior S. A (NYSE:BLX) Full Year 2024 Results

Key Financial Results

• Revenue: US$286.3m (up 20% from FY 2023).
• Net income: US$205.9m (up 24% from FY 2023).
• Profit margin: 72% (up from 70% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$5.60 (up from US$4.56 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Banco Latinoamericano de Comercio Exterior S. A Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are up 11% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Banco Latinoamericano de Comercio Exterior S. A that we have uncovered.

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