MADRID (AP) _ Banco Santander SA (SAN) on Wednesday reported fourth-quarter earnings of $3.08 billion.

The bank, based in Madrid, said it had earnings of 18 cents per share. Earnings, adjusted for non-recurring gains, were 13 cents per share.

The financial holding company posted revenue of $13.65 billion in the period. Its revenue net of interest expense was $13.65 billion, exceeding Street forecasts.

For the year, the company reported profit of $7.3 billion, or 40 cents per share. Revenue was reported as $55.14 billion.

The company's shares closed at $4.06. A year ago, they were trading at $4.98.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAN at https://www.zacks.com/ap/SAN

Automated Insights, source Associated Press News