Banco Santander-Chile: Q3 Earnings Snapshot

SANTIAGO CHILE, Chile (AP) — SANTIAGO CHILE, Chile (AP) — Banco Santander-Chile (BSAC) on Wednesday reported third-quarter profit of $261.4 million.

The bank, based in Santiago Chile, Chile, said it had earnings of 58 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.

The financial holding company posted revenue of $1.18 billion in the period. Its revenue net of interest expense was $670.9 million, which fell short of Street forecasts.

Banco Santander-Chile shares have climbed almost 2% since the beginning of the year. The stock has increased 14% 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