MEDELLIN, Colombia (AP) — MEDELLIN, Colombia (AP) — Bancolombia SA (CIB) on Friday reported third-quarter net income of $300.2 million.
The bank, based in Medellin, Colombia, said it had earnings of $1.49 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.
The financial holding company posted revenue of $2.46 billion in the period. Its revenue net of interest expense was $1.4 billion, which did not meet Street forecasts.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CIB at https://www.zacks.com/ap/CIB
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
