Bladex Inc.

BLX Financial Banks Regional

Bladex Inc.’s revenue for fiscal 2025 (year ended December 2025) was $836.9 million, up 0.89% from fiscal 2024.

Revenue
+12.1%
EPS
+13.5%
Free cash flow
−117.1%
Total debt
+75.8%

Quarter to September 2026, against a year earlier

51.12 1.30 +2.61%
Market cap
$2.3B
P/E
8.1×
Fwd P/E
7.6×
Dividend yield
6.68%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions last twelve months

Bought, $m 0.27
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — 2 — 1 —
Sell — — — — — — — — — — — —
Insider Ownership 26.62%

Capital & Financial Ratios $m

Size
Market Cap 2,250.00
Revenue ttm 867.02
Net income ttm 233.78
Free cash flow ttm (228.08)
Net debt Q 4,132.21
Valuation
P/E 8.08
Forward P/E 7.63
Price / sales 2.19
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.06
Financial health
Current ratio Q 1.70
Debt / equity Q 3.34
Interest coverage Q —
Growth
Revenue growth Q +12.12% (above 0%: growing)
Operating income growth Q +14.89% (above 0%: growing)
EPS, this year +5.75%
EPS, next year A +9.25%
Revenue, next year A −55.15% (below 0%: weak)
EPS, past 5 yrs +30.73% (at or above 15%: strong)
EPS, next 5 yrs A +8.48%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 40.30%
10-year low 10-year high
P/S against its own 10 years 34.95%
10-year low 10-year high
P/B against its own 10 years 76.60%
10-year low 10-year high

Dividends raised 4 years running

Yield
6.68%
Annual rate
3.38
Payout ratio
53.9%
Growth, 2018–26
+7.52%/yr
  1. 1.54 ’18
  2. 1.54 ’19 +0
  3. 1.14 ’20 −26
  4. 1.00 ’21 −12
  5. 1.00 ’22 +0
  6. 1.17 ’23 +17
  7. 2.00 ’24 +72
  8. 2.50 ’25 +25
  9. 2.75 ’26 +10
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 2,047 1,965 1,924 1,842
Receivables — — — —
Inventory — — — —
Other — — — —
9,529 10,594 11,227 14,482
2023 2024 2025 Q'26
Payables 4,451 5,462 6,640 7,965
ST’ Debt — — — —
Other — — — —
5,072 5,921 6,932 8,532

Compound Annual Growth %

10y 5y 3y
Sales 12.90% 34.81% 33.56%
Cash Flow 6.40% (8.96%) 0.00%
Earnings 8.11% 28.97% 35.09%
Book Value 5.62% 10.09% 16.22%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 1.31 1.77 1.68 — —
’25 1.40 1.73 1.48 1.50 6.11
’24 1.40 1.36 1.44 1.40 5.60
’23 1.02 1.02 1.25 1.27 4.55
’22 0.31 0.63 0.74 0.85 2.54
’21 0.32 0.36 0.41 0.54 1.62
’20 0.46 0.36 0.39 0.40 1.60
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 199 225 234 — —
’25 202 217 209 209 837
’24 203 208 210 209 829
’23 150 162 187 213 712
’22 50 68 94 139 351
’21 36 39 39 45 158
’20 62 45 42 38 188
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 214 (149) — — —
’25 197 875 309 (600) 780
’24 176 476 (243) (531) (123)
’23 518 468 51 25 1,062
’22 (481) (439) (10) 161 (770)
’21 (104) 28 (28) (768) (872)
’20 66 1,244 126 (188) 1,247
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 214 (149) — — —
’25 196 874 309 (602) 777
’24 175 476 (245) (534) (129)
’23 518 468 105 (32) 1,059
’22 (482) (439) (11) 160 (772)
’21 (104) 28 (29) (768) (873)
’20 66 1,244 125 (190) 1,245
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 259 245 209 291 188 158 351 712 829 837 867 +13.9% 375 413 459 (18.1%)
Gross margin, % 64.94 56.55 28.76 43.65 52.91 65.83 47.45 37.37 36.61 40.58 42.67 (24.4) pt
EBT 87 82 11 86 64 63 92 166 206 227 242 +11.2%
EBT margin, % 33.65 33.53 5.33 29.54 33.83 39.60 26.20 23.33 24.82 27.11 27.91 (6.5) pt
Net income 87 82 11 86 64 63 92 166 206 227 234 +11.2%
Per share, $
Per share, $ Revenue 6.62 6.22 5.28 7.36 4.74 4.08 9.68 19.52 22.58 22.53 23.06 +14.6%
Earnings 2.23 2.09 0.28 2.17 1.60 1.62 2.54 4.55 5.60 6.11 6.26 +11.9%
Cash flow 21.22 18.22 (4.39) (2.34) 31.46 (22.47) (21.20) 29.11 (3.34) 21.00 0.00 (0.1%)
Capex (0.18) (0.15) (0.02) (0.04) (0.06) (0.02) (0.07) (0.09) (0.16) (0.08) 0.00 (9.3%)
Free cash flow 21.04 18.07 (4.41) (2.37) 31.40 (22.49) (21.28) 29.02 (3.50) 20.93 0.00 (0.1%)
Book value 25.87 26.53 25.13 25.68 26.17 25.56 29.46 33.00 36.40 45.19 47.62 +6.4%
Shares, m 39 39 40 40 40 39 36 36 37 37 37 (0.6%)
Valuation, ×
Valuation, × P/E 13.44 13.06 61.79 9.81 9.83 10.18 6.43 5.47 6.35 7.30 8.08 14.4
P/S 4.53 4.37 3.28 2.90 3.34 4.07 1.68 1.28 1.58 1.98 2.19 2.9
P/B 1.16 1.02 0.69 0.83 0.60 0.65 0.55 0.76 0.98 0.99 1.06 0.8
EV/Sales 6.84 10.27 11.17 9.33 7.12 17.02 10.72 4.51 4.50 4.50 — 8.6
EV/FCF 2.15 3.54 (13.39) (28.92) 1.08 (3.08) (4.87) 3.04 (29.10) 4.85 — (6.5)
Cash, $m
Cash, $m Operating cash flow 829 716 (174) (92) 1,247 (872) (770) 1,062 (123) 780 (226) (0.7%)
Capex (7) (6) (1) (2) (2) (1) (3) (3) (6) (3) (2) (9.8%)
Free cash flow 822 710 (174) (94) 1,245 (873) (772) 1,059 (129) 777 (228) (0.6%)
Balance, $m
Balance, $m Working capital 2,840 3,272 4,535 4,146 642 3,490 4,448 4,458 4,673 4,295 5,950 +4.7%
Net debt 599 1,444 1,649 1,871 711 2,051 3,175 2,305 2,424 2,107 4,132 +15.0%
Shareholders’ equity 1,011 1,043 994 1,016 1,038 992 1,069 1,204 1,337 1,679 1,790 +5.8%
Returns, %
Returns, % ROA 1.13 1.22 0.16 1.16 0.94 0.88 1.06 1.66 1.82 1.84 1.67 +0.7 pt
ROIC 4.74 2.30 0.26 1.86 2.27 1.29 1.36 2.96 3.42 3.75 2.59 (1.0) pt
ROE 8.78 7.98 1.09 8.56 6.19 6.18 8.93 14.62 16.20 15.05 14.08 +6.3 pt
People
People Employees 209 193 167 175 52 184 238 268 322 372 — +6.6%
Revenue/emp, $m 1.24 1.27 1.25 1.66 3.61 0.86 1.48 2.66 2.58 2.25 — +6.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Bladex Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BLX Bladex Inc. $2.3B 8.1× 7.6× +12.12% (above 0%: growing) +13.49% (above 0%: growing) −117.11% (below 0%: shrinking) 42.29% 0.00%
GABC German American Bancorp, Inc. $1.9B 13.3× 12.4× +3.05% (above 0%: growing) +21.43% (above 0%: growing) +110.42% (above 0%: growing) 78.75% 0.00% Compare
DCOM Dime Community Bancshares, Inc. $1.9B 13.8× 12.4× +5.20% (above 0%: growing) +52.54% (above 0%: growing) +106.33% (above 0%: growing) 68.53% 0.00% Compare
FSUN FirstSun Capital Bancorp $1.8B 19.8× 19.8× +88.18% (above 0%: growing) n/m +8,383.96% (above 0%: growing) 67.96% 0.00% Compare
STBA S&T Bancorp, Inc. $1.8B 12.8× 12.3× +0.71% (above 0%: growing) +19.78% (above 0%: growing) −0.50% (below 0%: shrinking) 73.62% 0.00% Compare
BY Byline Bancorp, Inc. $1.7B 11.5× 11.0× +1.37% (above 0%: growing) +36.36% (above 0%: growing) −32.50% (below 0%: shrinking) 73.03% 0.00% Compare
TCBK TriCo Bancshares $1.7B 12.5× 11.9× +4.33% (above 0%: growing) +27.38% (above 0%: growing) −17.30% (below 0%: shrinking) 80.35% 0.00% Compare
OBK Origin Bancorp, Inc. $1.7B 16.8× 12.3× +11.11% (above 0%: growing) +134.04% (above 0%: growing) +57.26% (above 0%: growing) 71.20% 0.00% Compare
INTR Inter & Co. Inc. $1.7B 5.8× 5.2× +45.51% (above 0%: growing) +46.15% (above 0%: growing) −253.49% (below 0%: shrinking) 59.27% 0.00% Compare
Median of peers $1.7B 13.1× 12.3× +4.77% +36.36% +28.38% 72.12% 0.00%

All 327 Banks Regional stocks →

Bladex Inc. (BLX) Latest News

28 Oct

26 Oct

Impact 3 · · Associated Press

9 Oct

Impact 3 · · Simply Wall St.

22 Jun

Impact 4 · · PR Newswire

13 Apr

Impact 3 · transcript
stockrow.com/BLX · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com