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Banco Santander-Chile: 1Q Earnings Snapshot

SANTIAGO, Chile (AP) _ Banco Santander-Chile (BSAC) on Wednesday reported first-quarter net income of $168.7 million.

The Santiago, Chile-based bank said it had earnings of 36 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The financial holding company posted revenue of $905.3 million in the period. Its revenue net of interest expense was $610 million, which also missed Street forecasts.

Banco Santander-Chile shares have declined 27% since the beginning of the year. The stock has fallen 42% 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