Bancolombia: Q4 Earnings Snapshot
By AP News
Published - Feb 20, 2024, 06:51 PM ET
Last Updated - Feb 20, 2024, 06:51 PM EST
MEDELLIN, Colombia (AP) — MEDELLIN, Colombia (AP) — Bancolombia SA (CIB) on Tuesday reported net income of $356.2 million in its fourth quarter.
The bank, based in Medellin, Colombia, said it had earnings of $1.58 per share.
The financial holding company posted revenue of $2.82 billion in the period. Its revenue net of interest expense was $1.77 billion, topping Street forecasts.
For the year, the company reported profit of $1.42 billion, or $6.10 per share. Revenue was reported as $6.58 billion.
