Banco Latinoamericano: Q4 Earnings Snapshot

Associated Press Finance02-27

PANAMA CITY (AP) — PANAMA CITY (AP) — Banco Latinoamericano de Comercio Exterior SA (BLX) on Thursday reported fourth-quarter net income of $51.5 million.

The Panama City-based bank said it had earnings of $1.40 per share.

The bank created in South and Central America to provide trade financing posted revenue of $208.9 million in the period. Its revenue net of interest expense was $78.4 million, topping Street forecasts.

For the year, the company reported profit of $205.9 million, or $5.60 per share. Revenue was reported as $303.6 million.

Banco Latinoamericano shares have risen slightly more than 7% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $38.19, an increase of 39% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLX at https://www.zacks.com/ap/BLX

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