
Overview
Panama multinational bank's Q4 net profit rises 9% yr/yr to $56.0 mln
Net interest income for Q4 improved 6% yr/yr, driven by higher average business volumes
Company increased quarterly dividend by 10% to $0.6875 per share
Outlook
Bladex did not provide specific future guidance in the press release
Result Drivers
BUSINESS GROWTH - Continued business growth and strengthened revenue generation contributed to a 9% increase in net profits for Q4
STRONG NON-INTEREST INCOME - Fees and non-interest income increased by 57% YoY, driven by core trade-finance and structuring activities
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue |
| $88.80 mln |
|
Q4 EPS |
| $1.50 |
|
Q4 Net Income |
| $56 mln |
|
Q4 Net Interest Income |
| $70.80 mln |
|
Q4 Credit Loss Provision |
| $5.40 mln |
|
Q4 Operating Expenses |
| $27.40 mln |
|
Press Release: ID:nPn8zhQHra
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