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Credicorp: 4Q Earnings Snapshot

HAMILTON, Bermuda (AP) _ Credicorp Ltd. (BAP) on Friday reported fourth-quarter profit of $289.6 million.

The bank, based in Hamilton, Bermuda, said it had earnings of $3.63 per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $4.05 per share.

The Peruvian finance company posted revenue of $1.32 billion in the period. Its revenue net of interest expense was $1.08 billion, which also missed Street forecasts.

For the year, the company reported profit of $1.27 billion, or $15.94 per share. Revenue was reported as $3.98 billion.

Credicorp shares have decreased slightly more than 5% since the beginning of the year. The stock has fallen 19% 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