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Jun 30
Bladex Q2 2025 Earnings Report
Bladex posted improved results in Q2 2025 with record-high revenues, growing net interest income, and strong credit portfolio expansion.
Key Takeaways
Bladex delivered a strong Q2 2025, reporting $64.2M in net income and $1.73 in EPS. Record fee income, growth in its commercial and investment portfolios, and healthy liquidity and capital metrics highlighted the quarter’s results.
Net profit for Q2 2025 reached $64.2 million, up 28% YoY.
Earnings per share increased to $1.73 from $1.36 in Q2 2024.
Credit portfolio grew to an all-time high of $12.18 billion, with commercial loans at $10.82 billion.
Liquidity and capital ratios remain robust, with Tier 1 Capital at 15.0% and Liquid Assets at 15.5% of total assets.
Bladex
Bladex
Bladex Revenue by Segment
Revenue by Segment
Commercial Portfolio Revenue
CapyFin.comInvestment Portfolio Revenue
CapyFin.com Forward Guidance
Bladex is poised for continued growth supported by a strong pipeline, improved efficiency, and well-capitalized balance sheet, although capital ratios slightly compressed.
Positive Outlook
- High quality credit portfolio with 97.9% in Stage 1 assets.
- Deposit base hit all-time high of $6.45 billion.
- Record fee income from structured transactions and letters of credit.
- Continued efficiency improvements despite tech investments.
- Solid access to debt capital markets supports funding flexibility.
Challenges Ahead
- Net interest margin declined 7bps YoY due to market liquidity.
- Tier 1 Capital ratio fell from 16.2% to 15.0% YoY.
- Allowance coverage for impaired credits dropped from 7.5x to 5.1x.
- Slight increase in impaired credits to 0.2% of the portfolio.
- Operating expenses rose from $18.2M to $20.8M YoY.