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Santander Mexico: 2Q Earnings Snapshot

July 26, 2019

MEXICO CITY (AP) _ Grupo Financiero Santander Mexico SAB de CV (BSMX) on Thursday reported second-quarter net income of $293.4 million.

The bank, based in Mexico City, said it had earnings of 22 cents per share.

The Mexican bank posted revenue of $1.89 billion in the period. Its revenue net of interest expense was $1.16 billion, which topped Street forecasts.

Santander Mexico shares have risen 22% since the beginning of the year. The stock has declined 11% in the last 12 months.


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