Banco Santander (México), S.A., Institución De Banca Múltiple, Grupo Financiero Santander México Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Provides Earnings Guidance for the Year 2019
For the year, the company reported net interest income of MXN 61,408 million against MXN 55,015 million a year ago. Net income was MXN 19,584 million or MXN 2.89 per share against MXN 17,645 million or MXN 0.22 per share a year ago. Operating income was MXN 25,139 million compared to MXN 22,042 million a year ago.
The company provided earnings guidance for the year 2019. For the year, the company expected net income to grow between 5% to 7%.