EarningsQ2 2026 Earnings Report
MX:BLX1N Q2 2026 EPS Results
Actual EPS$32.55
Consensus EPS―
Beat/Miss―
One Year Ago EPS$31.82
MX:BLX1N Q2 2026 Revenue Results
Actual Revenue$4.13B
Expected Revenue$1.64B
Beat/MissBeat by +$2.50B
YoY Revenue Growth+3.28%
Earnings Announcement Details
QuarterQ2 2026
Date07/27/2026
TimeAfter Close
Conference CallMonday, July 27, 2026
MX:BLX1N Upcoming Earnings
Banco Latinoamericano De Comercio's next earnings date is estimated for October 26, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:BLX1N Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call contained numerous strong operational and financial highlights: record commercial portfolio and deposits, record net income, a large QoQ surge in noninterest income that materially diversified revenue, improved efficiency, and sound liquidity and capital positions. Challenges were present—most notably margin compression (NIM down 10 bps), higher provisions and cost of risk, and a sequential decline in Tier 1 capital ratio—yet management framed these as expected or temporary effects of deploying capital and growing the book, and they reaffirmed guidance. On balance the positive operational momentum, revenue diversification, and profitability improvements outweigh the noted challenges.Company Guidance
Record Commercial Portfolio Growth
Commercial portfolio reached a record $13.0 billion, up 8% quarter-over-quarter and 20% year-over-year; loans were $10.5 billion (up 8% QoQ, 22% YoY) and contingencies €2.3 billion (up 11% QoQ, 5% YoY).
Record Deposits and Diversified Funding
Deposits hit a record $7.9 billion, up 8% sequentially and 20% since December; deposits represent ~64% of total funding with diversified sources (central bank & Class A shareholders 34%, financial institutions 27%, corporations 23%, brokers 15%).
Net Income and Returns at New Highs
Net income was a record $66.5 million, up 18% quarter-over-quarter; return on average assets 2.0% for the quarter and adjusted return on equity 16.4% (first half adjusted ROE 15.3%).
Strong Net Interest Income
Net interest income reached $73.3 million, up 4% from the prior quarter, driven by higher average loan balances despite margin pressure.
Major Noninterest Income Surge and Revenue Diversification
Noninterest income (ex-hedging) was a record $25.1 million, up 86% QoQ and represented ~25.4% of total revenues. Fee composition: fees & commissions $23.3M; letters of credit & guarantees $9.5M; credit commitments $5.2M; structuring & syndication fees $7.9M; client derivatives $1.3M. Noninterest income contribution has increased from ~15% a few years ago to ~25%.
Improved Efficiency and Positive Operating Leverage
Operating expenses were $23.8 million (up 8% QoQ) but revenue growth outpaced costs, improving the efficiency ratio to 24.1% from 26.5% in the prior quarter; full-year efficiency guidance reaffirmed at 27%–28%.
Solid Capital and Liquidity Position
Basel III Tier 1 ratio was 16.6% (above the 15%–16% operating range); liquidity assets totaled ~$1.9 billion (~13.3% of total assets); treasury investment portfolio ~$1.4 billion, highly investment grade and short duration; DGD balances nearly $2.0 billion.
Asset Quality Predominantly Strong
98.4% of total credit exposure remained in Stage 1; Stage 2 declined to 1.1% ($162M) and Stage 3 was 0.5% ($75M). Total reserves ended at $93.8 million and management described the Stage migrations as limited to specific exposures with proactive risk actions taken (sales, reclassification, write-offs).
Strategic Execution Progress
Investor-Day strategy translating into results: transactional services Phase 1 online banking platform live with gradual onboarding, medium-term origination and structured products ramping, and a clear roadmap for further scaling and expected funding benefits in later years of the plan.
MX:BLX1N Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed