Bladex Announces Profit For The Third Quarter Of $15.4 Million, Or $0.39 Per Share, Preserving Its Sound Credit Quality And Resuming Portfolio Growth

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Go back to Bladex Announces Profit For The Third Quarter Of $15.4 Million, Or $0.39 Per Share, Preserving Its Sound Credit Quality And Resuming Portfolio Growth

Bladex (BLX) Tops Q3 EPS by 2c, Revenues Beat

October 27, 2020 7:09 AM EDT

Bladex (NYSE: BLX) reported Q3 EPS of $0.39, $0.02 better than the analyst estimate of $0.37. Revenue for the quarter came in at $25.2 million versus the consensus estimate of $24.27 million.

BUSINESS HIGHLIGHTS

Bladex's unique business model has unceasingly proven to be a key advantage in the current context, allowing it to maintain a sound asset quality and to swiftly re-balance its credit risk towards defensive sectors. The Bank resumed portfolio growth during the quarter and reports sustainable results and a solid financial position, denoted by the $15.4 million Profit for the 3Q20 (+9% QoQ), with a capitalization... More