Bladex (BLX) Q3 2026 earnings summary

Executive summary

• Q3 net income was $63.2M, up 15% YoY; 9M net income was $186.0M, up 9%.

• Record commercial portfolio and net interest income growth supported earnings; credit quality and capital remained solid.

Financial highlights

• Q3 revenue was $99.1M, up 20% YoY; 9M revenue was $281.1M, up 12%.

• Record Q3 NII was $79.8M, up 18% YoY; 9M NII was $223.3M, up 11%.

• Q3 non-interest income was $19.3M, up 26% YoY; 9M non-interest income was $57.9M, up 15%.

• Q3 adjusted ROE was 15.0%; 9M adjusted ROE was 15.2%.

• Q3 efficiency ratio was 25.8%; 9M ratio was 25.4%.

Outlook and guidance

• FY26 commercial portfolio growth guidance rose to ~35%, or ~25% excluding the Panama transaction; average deposit growth guidance rose to ~20%.

• FY26 NIM guidance was revised to ~2.25% and efficiency ratio guidance to ~27%.

• FY26 adjusted ROE guidance increased to 15%-16%; Tier 1 operating range remains 15%-16%.

• Q4 expenses are expected to rise seasonally; the full-quarter Panama loan contribution is expected to dilute NIM while benefiting absolute NII.