Santander Mexico: Q1 Earnings Snapshot
By AP News
Published - Apr 27, 2023, 05:09 AM ET
Last Updated - Jun 22, 2023, 03:07 AM EDT
MEXICO, Mexico (AP) — MEXICO, Mexico (AP) — Grupo Financiero Santander Mexico SAB de CV (BSMX) on Wednesday reported first-quarter profit of $408.6 million.
The bank, based in Mexico, Mexico, said it had earnings of 30 cents per share.
The Mexican bank posted revenue of $2.65 billion in the period. Its revenue net of interest expense was $1.36 billion, exceeding Street forecasts.
Santander Mexico shares have decreased nearly 1% since the beginning of the year. The stock has increased 12% in the last 12 months.
