BLX 20-F SEC Filing Analysis

Latest settled — T+20d

BLX ▼ -3.36% at T+20d

LONG call ✗ call lost -3.36% · α vs SPY -8.27% · entry $55.56 → $53.69

Next anchor: T+60d in 5w

Last close $56.04 (close Jun 8) · +0.87% from $55.56 entry

Entry anchored
Apr 20, 03:59 PM ET
via Databento tick

T+1d

+1.20%

call +1.20% · α +0.18%

$56.22

settled 7w ago

T+5d

-4.08%

call -4.08% · α -5.16%

$53.29

settled 6w ago

T+20d

-3.36%

call -3.36% · α -8.27%

$53.69

settled 23d ago

T+60d

—

call — · α —

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Executive Summary

Foreign Trade Bank of Latin America, Inc. (BLX) reported strong financial performance for 2025, with net income rising 10% year-over-year to $226.9 million and revenue increasing 12% to $339.6 million, driven by higher lending volumes and fee income. The bank strengthened its capital base with a $200 million AT1 note issuance and maintained stable asset quality despite a slight increase in impaired loans.

Actionable Insight

Monitor the bank's loan growth trajectory and credit quality metrics in upcoming quarters, as the 10% increase in impaired loans despite overall portfolio growth suggests potential credit risk pressures. The successful AT1 issuance strengthens capital but watch for any impact on future profitability from the 7.5% coupon.

Key Facts

Net income for 2025 was $226.9 million, up 10% from $205.9 million in 2024
Total revenue increased 12% to $339.6 million in 2025 from $303.6 million in 2024
Loan portfolio grew 10% to $9.18 billion as of December 31, 2025
Tier 1 capital ratio improved to 17.4% from 15.5% in 2024
Issued $200 million in Additional Tier 1 (AT1) capital notes in September 2025
Credit-impaired loans increased to $39 million (0.42% of loan portfolio) from $17 million in 2024

Financial Impact

The bank's net income increased by $21.0 million (10%) year-over-year, with revenue growing by $36.0 million (12%)

revenueepsnet incomedebtdilution

Risk Factors

Increase in credit-impaired loans to $39 million from $17 million in 2024
13% increase in operating expenses outpaced revenue growth
Potential impact of higher funding costs from AT1 notes with 7.5% coupon

Market Snapshot

Exchange

NYSE

Sector

Commercial Banks, NEC

Documents Analyzed

This report is based on 11 SEC documents filed with EDGAR.

Document	Accession Number
20-F Filing (Primary)	0001628280-26-026056
Document: blx20251231-ex111.htm	0001628280-26-026056
Document: blx20251231-ex121.htm	0001628280-26-026056
Document: blx20251231-ex122.htm	0001628280-26-026056
Document: blx20251231-ex131.htm	0001628280-26-026056
Document: blx20251231-ex132.htm	0001628280-26-026056
Document: blx20251231-ex151.htm	0001628280-26-026056
Document: blx20251231-ex81.htm	0001628280-26-026056
Document: 0001628280-26-026056-index-headers.html	0001628280-26-026056
Document: 0001628280-26-026056-index.html	0001628280-26-026056
Document: 0001628280-26-026056.txt	0001628280-26-026056

2 reports for BLX

T+1T+5T+20T+60

Filters

Reports for BLX — sortable, filterable
	Type				Now
Jun 6, 2026 4d ago	6-K NEUTRAL ★ 2/10	$55.96 awaiting T+20	awaiting T+20	—	$56.04 (+0.14%)
Apr 20, 2026 7w ago	20-F BULLISH ★ 7/10	$55.56 $53.69	▼ −3.36%	▼ −8.27%	$56.04 (+0.87%)

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