Bladex Announces 9% Fourth Quarter Commercial Portfolio Growth And Quarterly Profit Of $15.7 Million, Or $0.40 Per Share
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Bladex (BLX) Reports Q4 EPS of $0.40, Revenues Miss
February 12, 2021 7:08 AM ESTBladex (NYSE: BLX) reported Q4 EPS of $0.40, versus $0.56 reported last year. Revenue for the quarter came in at $25.3 million versus the consensus estimate of $28.06 million.
Bladex's Commercial Portfolio growth accelerated during 4Q20, up 9% QoQ to reach $5.6 billion at year-end, driven by higher loan origination (+18% QoQ), with a continued emphasis on defensive sectors and under stricter credit underwriting standards. In addition, considering the 69% QoQ increase in the Investment Portfolio, mostly focused on highly liquid corporate debt securities rated above 'A-', the Bank's Credit Portfolio totaled $5.9 billion at the end of the 4Q20 (+12%... More