Bladex (BLX) Q4 2025 Earnings Call Transcript | The Motley Fool
The Motley Fool
by newsfeedback@fool.com (Motley Fool Transcribing)February 13, 2026
AI-Generated Deep Dive Summary
Bladex (BLX) reported another year of record-breaking performance in its Q4 2025 earnings call, driven by strong loan and deposit growth, fee-based business success, and disciplined cost management. The bank surpassed its five-year strategic plan targets提前一年，highlighting the strength of its diversified revenue streams and resilient business model. With a total credit portfolio of $12.6 billion—a 12% year-over-year increase—Bladex demonstrated robust expansion across key markets like Guatemala, Colombia, Mexico, and Argentina. Its deposits rose by 22%, reaching $1.5 billion in its Yankee CD program, while loan growth hit $800 million, a 10% year-over-year increase. This performance was further supported by a 9% client base expansion.
The bank’s fee businesses also showed significant strength, with letters of credit fees up 20% and syndication fees surging over 70% on $5 billion in transactions. Noninterest income jumped 54% year over year to $68.4 million, now accounting for 20% of total revenues—a marked improvement from its contribution four years ago. Despite a 175 basis point decline in policy rates, net interest income grew 5%, reaching another record level with a net interest margin (NIM) of 2.39% in the fourth quarter and 2.36% for the full year, slightly exceeding guidance.
Bladex’s efficiency ratio came in at 26.7% for the year, aligning with prior expectations as the bank maintained disciplined expense management despite a 13% increase in operating expenses to $90.6 million, driven by investments in technology and business growth. The bank reported net income of $227 million, up 10% year over year, with a strong return on equity (ROE) of 15.4%, and an adjusted ROE of 15.8%. Its capital position remained solid, with a Basel III Tier 1 ratio of 17.4% and a Panama regulatory capital adequacy ratio of
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Originally published on The Motley Fool on 2/13/2026