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Bladex Q1 2025 Earnings Report
Bladex announced its First Quarter 2025 financial results, reporting a net profit of $51.7 million and an annualized return on equity of 15.4%.
Key Takeaways
Bladex reported a net profit of $51.7 million for the first quarter of 2025, a 1% increase year-over-year, driven by strong top-line performance with total revenues increasing 7% year-over-year. The annualized return on equity reached 15.4%.
Net Profits increased 1% year-over-year to $51.7 million in 1Q25.
Total revenues increased 7% year-over-year to $77.9 million.
Net Interest Income increased 4% year-over-year to $65.3 million, driven by increased business volumes.
Credit Portfolio reached an all-time high of $11,950 million, up 22% year-over-year, due to strong credit demand and business growth.
Bladex
Bladex
Bladex Revenue by Segment
Revenue by Segment
Commercial Portfolio Revenue
CapyFin.comInvestment Portfolio Revenue
CapyFin.com Forward Guidance
The Board of Directors approved a quarterly common dividend of $0.625 per share for 1Q25, payable on June 3, 2025, to shareholders registered as of May 16, 2025.
Positive Outlook
- Continued strong credit demand and business growth from new client onboarding and product cross-selling.
- Ample and constant access to interbank and debt capital markets for funding.
- Well-diversified funding sources across geographies and currencies.
- Maintenance of a robust reserve coverage for impaired credits.
- Strategic initiatives enhancing the deposit base and overall funding structure.
Challenges Ahead
- Impact of lower market rates on Net Interest Margin.
- Increased USD market liquidity driving competitive pricing.
- Increased headcount and ongoing investments in technology and business initiatives leading to higher operating expenses.
- Seasonally slower first quarter and increased market volatility impacting business growth.
- Provision requirements partly offsetting solid top-line performance.