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Santander Mexico: 4Q Earnings Snapshot

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MEXICO CITY (AP) _ Grupo Financiero Santander Mexico SAB de CV (BSMX) on Wednesday reported fourth-quarter profit of $266.9 million.

The Mexico City-based bank said it had earnings of 20 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.

The Mexican bank posted revenue of $1.59 billion in the period. Its revenue net of interest expense was $1.09 billion, also beating Street forecasts.

For the year, the company reported profit of $945.1 million, or 70 cents per share. Revenue was reported as $4.21 billion.

Santander Mexico shares have fallen 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.10, a fall of 30% 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