Banco Latinoamericano: Fourth Quarter Earnings Overview

Banco Latinoamericano Reports Strong Fourth-Quarter Results

Banco Latinoamericano de Comercio Exterior SA, headquartered in Panama City, announced a net income of $56 million for the fourth quarter.

The bank reported earnings of $1.50 per share during this period.

Established to support trade financing across South and Central America, the institution generated $209 million in revenue for the quarter. After accounting for interest expenses, net revenue reached $88.8 million, surpassing analysts’ expectations.

For the full year, Banco Latinoamericano posted a profit of $226.9 million, or $6.11 per share, with total revenue amounting to $339.6 million.

Since the start of the year, the bank’s stock has appreciated by 11%. By the close of trading on Thursday, shares were valued at $49.68, marking a 32% increase over the past year.

Financial data for this article was compiled using information from Zacks Investment Research and processed by Automated Insights.