Bladex Announces Profit for the Second Quarter 2019 of $22.3 Million, or $0.56 Per Share; Half-Year 2019 Profit of $43.5 Million, or $1.10 Per Share

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Go back to Bladex Announces Profit for the Second Quarter 2019 of $22.3 Million, or $0.56 Per Share; Half-Year 2019 Profit of $43.5 Million, or $1.10 Per Share

Bladex (BLX) Tops Q2 EPS by 1c

July 19, 2019 7:04 AM EDT

Bladex (NYSE: BLX) reported Q2 EPS of $0.56, $0.01 better than the analyst estimate of $0.55. Revenue for the quarter came in at $33.6 million versus the consensus estimate of $34 million.

2Q19 & 6M19 Highlights

Bladex reported a profit of $22.3 million in 2Q19, a 34% increase YoY as a result of the Bank's improved top line revenues, decreased impairment losses and lower operating expenses. The 5% profit improvement QoQ was mainly driven by higher fees and commissions, while maintaining a stable Net Interest Income ("NII").The Bank's profits for the 6M19 of $43.5 million resulted on a 40% yearly increase... More