MEDELLIN, Colombia (AP) — MEDELLIN, Colombia (AP) — Bancolombia SA (CIB) on Thursday reported fourth-quarter net income of $341.7 million, after reporting a loss in the same period a year earlier.
The bank, based in Medellin, Colombia, said it had earnings of $1.42 per share.
The financial holding company posted revenue of $2.1 billion in the period. Its revenue net of interest expense was $1.44 billion, beating Street forecasts.
For the year, the company reported profit of $1.61 billion, or $6.69 per share. Revenue was reported as $5.73 billion.
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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 CIB at https://www.zacks.com/ap/CIB
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