Bladex Announces First Quarter 2021 Profit of $12.8 Million, or $0.32 Per Share

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Go back to Bladex Announces First Quarter 2021 Profit of $12.8 Million, or $0.32 Per Share

Bladex (BLX) Reports Q1 EPS of $0.32, Revenues Miss

May 5, 2021 7:20 AM EDT

Bladex (NYSE: BLX) reported Q1 EPS of $0.32, versus $0.40 reported last year. Revenue for the quarter came in at $22 million versus the consensus estimate of $24.85 million.

Mr. Jorge Salas, Bladex's Chief Executive Officer said: "We entered 2021 with a sound credit portfolio with almost zero NPLs, a robust funding structure and a comfortable liquidity position. This is our third consecutive quarter of growth without relaxing credit underwriting standards. The level of our Commercial Portfolio as of March 2021 was close to that of a year ago, but... More