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Stock impact report

Banco Santander México Reports Fourth Quarter 2018 Net Income of Ps.4,590 Million

Banco Santander Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico (BSMX) 
Company Research Source: PR Newswire
MEXICO CITY, Jan. 30, 2019 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México, as succesor of Grupo Financiero Santander México, S.A.B de C.V. (NYSE: BSMX; BMV: BSMX before SANMEX), ("Banco Santander México" or the "Bank"), today announced financial results for the three-month and twelve-month periods ending December 31st, 2018. Banco Santander México reported net income for 4Q18 of Ps.4,590 million, representing a YoY increase of 2.4% and a QoQ decrease of 9.9%. On a cumulative basis, net income for 12M18 reached Ps.19,584 million, representing an 11.0% YoY increase. HIGHLIGHTSResults (Million pesos)4Q183Q184Q17% QoQ% YoY12M1812M17% YoYNet interest income16,20315,79513,8472.617.061,40855,01511.6Fee and commission, net4,2304,2713,933(1.0)7.616,83215,6337.7Core revenues Show less Read more
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