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Credicorp: 4Q Earnings Snapshot

HAMILTON, Bermuda (AP) _ Credicorp Ltd. (BAP) on Wednesday reported fourth-quarter net income of $285.1 million.

The Hamilton, Bermuda-based bank said it had earnings of $3.58 per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.95 per share.

The Peruvian finance company posted revenue of $1.25 billion in the period. Its revenue net of interest expense was $1.01 billion, also missing Street forecasts.

For the year, the company reported profit of $1.19 billion, or $14.88 per share. Revenue was reported as $3.84 billion.

Credicorp shares have risen 11 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $246.89, a rise of 11 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BAP at https://www.zacks.com/ap/BAP