LA MOLINA, Bermuda (AP) — LA MOLINA, Bermuda (AP) — Credicorp Ltd. (BAP) on Thursday reported fourth-quarter net income of $468.8 million.
The bank, based in La Molina, Bermuda, said it had earnings of $5.88 per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $6.61 per share.
The Peruvian finance company posted revenue of $2.18 billion in the period. Its revenue net of interest expense was $1.8 billion, which beat Street forecasts.
For the year, the company reported profit of $1.94 billion, or $24.35 per share. Revenue was reported as $6.55 billion.
Credicorp shares have increased 19% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $341.05, a climb of 85% in the last 12 months.
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