MEXICO, Mexico (AP) _ Grupo Financiero Santander Mexico SAB de CV (BSMX) on Thursday reported fourth-quarter profit of $319 million.
The Mexico, Mexico-based bank said it had earnings of 23 cents per share.
The Mexican bank posted revenue of $2.36 billion in the period. Its revenue net of interest expense was $1.3 billion, topping Street forecasts.
For the year, the company reported profit of $1.32 billion, or 97 cents per share. Revenue was reported as $4.47 billion.
Santander Mexico shares have increased roughly 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.20, a climb of 11% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BSMX at https://www.zacks.com/ap/BSMX
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