Banco Latinoamericano De Comercio Exterior, S.a. · NYSE:BLX
Banco Latinoamericano De Comercio Exterior — Bladex — Q4 2025 Earnings Presentation
17 slides from Banco Latinoamericano De Comercio Exterior's earnings presentation, Feb 13, 2026
Slide 1: 4Q25 Earnings Results
4 Q25 Earnings Results FEBRUARY 2026
Slide 2: Our 2025 Guidance was right on target
Our 2025 Guidance was right on target Real vs Guidance 2025 10% 12% Commercial Portfolio Growth 11% ✓ 15% 17% Average Deposit Growth 15% ✓ 2.25% 2.35% NIM 2.36% ✓ 26% 28% Efficiency Ratio 26.7% ✓ 15% 16% ROE 15.8% ✓ 15% 16% CET1 15.3% ✓ 2
Slide 3: Key Results: Solid Performance in 2025
Key Results: Solid Performance in 2025 Commercial Book Deposits Record Commercial Portfolio and Strong $11.2 Bn $6.6 Bn Deposit Growth ↑ 11% YoY ↑ 22% YoY Capital Adequacy Ratio Tier 1 Basel III Capital Ratio Additional Capital to Support Growth 15.5% 17.4% ↑ 190 Bps YoY ↑ 190 Bps YoY NIM NPLs Robus
Slide 4: Record Net Income and Strong Profitability
Record Net Income and Strong Profitability 9M 2025 Net Income, ROA & ROE 2025 +10% 226.9 205.9 ROE * 4Q25 56.0 14.2% 166.2 51.5 46.4 55.0 53.0 92.0 45.8 64.2 4Q 31.0 50.1 3Q 37.1 26.9 2Q 1Q 23.0 51.3 51.7 37.0 11.1 FY 2022 FY 2023 FY 2024 FY 2025 ROA 12M 1.0% 1.7% 1.9% 1.9% ROE 12M 8.9% 14.7% 16.2%
Slide 5: Credit & Commercial Portfolio Remain Well Diversified
Credit & Commercial Portfolio Remain Well Diversified Credit Portfolio Commercial Portfolio by Country (Commercial Portfolio + Investments) (Loans + Contingencies) Loans Contingencies Investment Portfolio Investment Grade 34% Non - Investment Grade 66% Other N - IG 12% Guatemala 15% +12% Brazil Mexi
Slide 6: Diversified Investment Portfolio mainly in Ex-Latam countries and strong liquidity buffers
Diversified Investment Portfolio mainly in Ex - Latam countries and strong liquidity buffers Investment Portfolio Total Liquid Assets 2 Liquid Assets EOP Balances (in USD millions) 1,415 Liquid Assets / Total Assets Avg. Term to Maturity 1.7 y Investment Grade 91% 16.2% 14.9% 15.5% 15.5% 14.9% 1,918
Slide 7: Strong Asset Quality, Low Credit Risk and Ample Reserve Coverage
Strong Asset Quality, Low Credit Risk and Ample Exposure by Stages Reserve Coverage Stage 2 $ 192 M 1.5% Stage 1 98.2% 0.3% Stage 3 $ 12,368 M $ 39 M $ 12.6 B Total Allowance for Credit (USD millions, except for %) Losses to Impaired Credits (USD millions, except for %) 4Q24 1Q25 2Q25 3Q25 4Q25 276%
Slide 8: Consistent Deposit Growth and Diversified Deposit Base
Consistent Deposit Growth and Diversified Deposit Base Funding Sources Deposits Composition 10,727 10,372 9,978 2,482 2,337 ( 23% ) ( 23% ) 2,699 ( 27% ) Corporations 1,060 Financial Institutions 1,511 ( 10% ) 24% ( 14% ) 27% 139 (1%) 1,653 130 (1%) ( 17% ) 213 (2% ) 2025 Brokers 6,604 6,836 6,604 (
Slide 9: Robust Capitalization Supports Business & Balance Sheet Expansion
Robust Capitalization Supports Business & Balance Sheet Expansion Capital adequacy ratio 1 Tier I ratio 2 (Panama regulatory) (Basel III) 18.1% 17.4% 15.8% 15.5% 2.2% 15.5% 2.1% 2.0% 1.8% 13.6% 1.5% 1.3% 1.5% Regulatory Minimum plus 9.25% conservation buffer 8.50% 15.9% 15.3% 12.1% 12.5% 12.2% 4Q24
Slide 10: Margins Stabilize at Target Levels
Margins Stabilize at Target Levels Net Interest Spread (NIS) Net Interest Margin (NIM) Rate of Interest Earning Assets Net Interest Margin ("NIM") Rate of Interest Bearing Liabilities Net Interest Income 2.49% 2.47% 2.36% 1.71% 271.2 7.36% 259.2 7.15% 233.2 6.59% NIS 1.67% 148.0 5.61% 5.30% 3.78% 4.
Slide 11: Record Non-Interest Income contributes to revenue diversification
Record Non - Interest Income contributes to revenue diversification Other Non Interest Income 1 Non Interest Income Derivatives - intermediation 1.1 +266% +54% 2025 2.6 Loans 68.4 $5.4 1.6 Investment securities Fees and Commissions, net 44.4 Quarterly Annual 32.9 +3% +33% 14.1 14.5 59.0 11.9 18.7 44
Slide 12: Operational Efficiency Aligned with Annual Guidance
Operational Efficiency Aligned with Annual Guidance Opex & Efficiency Ratio Quarterly Annual 26.5% 26.7% 30.9% 29.2% 90.6 25.8% 80.5 27.4 22.9 21.3 4Q24 3Q25 4Q25 2024 2025 Total Operating Expenses Total Operating Expenses Efficiency Ratio Efficiency Ratio 12 (USD millions, except for %)
Slide 13: Closing Remarks
Closing Remarks FEBRUARY 2026 13
Slide 14: Bladex Investor Day 2026 Virtual Event
Bladex¥ nvestor Day / 2026 Virtual Event March 24, 2026 from 10:00 am to 12:30 pm EDT
Slide 15: 2026 Full Year Guidance
2026 Full Year Guidance Guidance 2026 Commercial Portfolio Growth 13% - 15% Average Deposit Growth 13% - 15% NIM ~ 2.30% Efficiency Ratio ~ 28% ROE 14% - 15% Tier I 15% - 16% 15
Slide 16: 4Q25 Earnings Results
4 Q25 Earnings Results FEBRUARY 202 6
Slide 17: Contact
Contact IR@bladex.com www.bladex.com/en/investors Carlos Raad Chief Investor Relations Officer craad@bladex.com Panama Diego Cano VP Investor Relations dcano@bladex.com Panama 17