BUENOS AIRES, Argentina (AP) _ Banco Macro SA (BMA) on Wednesday reported net income of $104.9 million in its fourth quarter.

The bank, based in Buenos Aires, Argentina, said it had earnings of $1.60 per share.

The financial holding company posted revenue of $673.5 million in the period. Its revenue net of interest expense was $462.3 million, topping Street forecasts.

For the year, the company reported profit of $285.2 million, or $4.13 per share. Revenue was reported as $1.81 billion.

Banco Macro shares have climbed nearly 5% since the beginning of the year. The stock has increased 1% in the last 12 months.

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