SANTIAGO, Chile (AP) _ Banco Santander-Chile (BSAC) on Friday reported first-quarter net income of $300.6 million.

The Santiago, Chile-based bank said it had earnings of 64 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.

The financial holding company posted revenue of $1.12 billion in the period. Its revenue net of interest expense was $741.8 million, also surpassing Street forecasts.

Banco Santander-Chile shares have risen 19% since the beginning of the year. The stock has decreased 15% in the last 12 months.

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

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