Banco Latinoamericano de Comercio Exterior (BLX) Q1 2026 earnings summary

Executive summary

• Achieved record commercial portfolio of $12.047B–$12.0B, up 8% quarter-over-quarter and 13% year-over-year, with growth driven by medium-term transactions in Colombia, Brazil, and Guatemala.

• Deposits reached a record $7.3B, up 11% sequentially and 25% year-over-year, now representing 63% of total funding.

• Net income was $56.4M, up 9% year-over-year and stable quarter-over-quarter; adjusted ROE at 14.2%.

• Asset quality remained strong with NPLs at 0.29% and reserve coverage at 290%.

• Maintained strong profitability and disciplined balance sheet growth in a competitive environment with tight spreads.

Financial highlights

• Net interest income was $70M–$70.2M, slightly down sequentially but up 8% year-over-year, with NIM at 2.34%.

• Fee and commission income reached $13.1M, up 24% year-over-year, mainly from letters of credit and guarantees.

• Efficiency ratio improved to 26.5%, down 45bps YoY and aligned with full-year guidance.

• Total revenues were $83.1M, up 7% year-over-year.

• Return on average assets stable at 1.8%.

Outlook and guidance

• Full-year and 2026 guidance reaffirmed: efficiency ratio (~28%), NIM (~2.30%), commercial portfolio and deposit growth of 13–15%, adjusted ROE 14–15%, Tier I ratio 15–16%.

• Expect continued disciplined capital deployment, margin resilience, and fee income growth to diversify revenues.

• Confident in meeting growth targets despite competitive pressures and external volatility.

• Strategic investments in technology and modernization are ongoing.