PANAMA CITY (AP) — PANAMA CITY (AP) — Banco Latinoamericano de Comercio Exterior SA (BLX) on Thursday reported fourth-quarter earnings of $46.4 million.

The bank, based in Panama City, said it had earnings of $1.27 per share.

The bank created in South and Central America to provide trade financing posted revenue of $206.2 million in the period. Its revenue net of interest expense was $77.8 million, beating Street forecasts.

For the year, the company reported profit of $166.2 million, or $4.55 per share. Revenue was reported as $266.1 million.

Banco Latinoamericano shares have fallen nearly 1% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $24.57, a climb of 47% in the last 12 months.

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