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MEDELLIN, Colombia (AP) — MEDELLIN, Colombia (AP) — Bancolombia SA (CIB) on Thursday reported fourth-quarter earnings of $382.4 million.
The Medellin, Colombia-based bank said it had earnings of $1.57 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.
The financial holding company posted revenue of $2.48 billion in the period. Its revenue net of interest expense was $1.65 billion, missing Street forecasts.
For the year, the company reported profit of $1.54 billion, or $6.30 per share. Revenue was reported as $6.85 billion.
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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 CIB at https://www.zacks.com/ap/CIB