Bladex, Inc. Class E (BLX) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the Bladex Second Quarter 2026 Earnings Conference Call. A slide presentation is accompanied today's webcast and is also available on the Vestor section of the company's website, www.bladex.com. There will be an opportunity for you to ask questions at the end of today's presentation. Please note today's conference call is being recorded. As a reminder, all participants will be in listen-only mode. I would now like to turn the call over to Mr. Jorge Salas, Chief Executive Officer. Sir, please, go ahead. Good morning, everyone, and thank you for joining us today to discuss VLAIX's results for the second quarter of 2026. I will begin with the key highlights for the quarter and then Annette, our CFO, will walk you through the financials in more detail. After that, I will come back and provide a quick update on our strategic execution, our view of the macro environment, and our outlook for the rest of the year. Finally, we will open the call for questions. Let me start with the headline. Thank you for joining us. The commercial portfolio reached a record of $13 billion, up 8% from March, 20% year over year, and 17% since year end. Both loans and contingencies also closed at new heights. This is exactly the kind of disciplined capital deployment we had in mind when we completed the 81 issuance last year. We're putting the capital work to support growth while maintaining a strong capital position. On the funding side, deposits reached a record of $7.9 billion, 8% sequentially and 20% since December. Funding kept pace with the expansion of the commercial portfolio and our diversified deposit base continues to provide a solid foundation for balance sheet growth. Turning to revenues, net interest income reached another new hig...