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Recap: Banco Latinoamericano Q3 Earnings

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Benzinga Insights
·1 min read
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Shares of Banco Latinoamericano (NYSE:BLX) remained unaffected after the company reported Q3 results.

Quarterly Results

Earnings per share were down 25.00% over the past year to $0.39, which beat the estimate of $0.37.

Revenue of $25,200,000 decreased by 14.58% from the same period last year, which beat the estimate of $24,270,000.

Guidance

Banco Latinoamericano hasn't issued any earnings guidance for the time being.

Banco Latinoamericano hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 27, 2020

View more earnings on BLX

Time: 11:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/bladex/mediaframe/41442/indexl.html

Recent Stock Performance

52-week high: $22.85

Company's 52-week low was at $7.73

Price action over last quarter: Up 13.27%

Company Profile

Banco Latinoamericano de Comercio Exterior SA is a special purpose multinational bank based in Panama. Its key objective is to lend financial support and assist the trade development between Latin America and the Caribbean. The bank functions through two segments; Commercial and Treasury. The commercial segment performs the crux of the bank's activities and helps generate most of its income. It deals with commercial portfolio-related activities, such as origination of bilateral and syndicated credits, short- and medium-term loans, acceptances and contingent credits. The Treasury Segment is responsible for the Bank's funding and liquidity management, along with the management of its activities in investment securities.

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