Banco Santander-Chile: 1Q Earnings Snapshot

SANTIAGO, Chile (AP) _ Banco Santander-Chile (BSAC) on Tuesday reported first-quarter profit of $184.5 million.

The Santiago, Chile-based bank said it had earnings of 39 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.

The financial holding company posted revenue of $846.3 million in the period. Its revenue net of interest expense was $643.3 million, also missing Street forecasts.

Banco Santander-Chile shares have fallen 7% since the beginning of the year. The stock has declined 16% 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 BSAC at https://www.zacks.com/ap/BSAC