SANTIAGO CHILE, Chile (AP) — SANTIAGO CHILE, Chile (AP) — Banco Santander-Chile (BSAC) on Friday reported fourth-quarter profit of $273.2 million.
The Santiago Chile, Chile-based bank said it had earnings of 59 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 59 cents per share.
The financial holding company posted revenue of $1.14 billion in the period. Its revenue net of interest expense was $710.2 million, missing Street forecasts.
For the year, the company reported profit of $1.11 billion, or $2.48 per share. Revenue was reported as $2.76 billion.
Banco Santander-Chile shares have increased 19% since the beginning of the year. The stock has risen 85% in the last 12 months.
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