Banco Pine S.A. announced consolidated earnings results for first quarter ended March 2018. For the quarter, the company reported income from financial intermediation of BRL 147 million against BRL 182 million a year ago. Operating income was BRL 10 million against BRL 15 million a year ago. Income before taxes and profit sharing was BRL 12 million against BRL 15 million a year ago. Net income was BRL 5 million against BRL 1 million a year ago. Annualized ROAE was 2.3% compared to 0.2% a year ago. Annualized ROAA was 0.4% compared to 0.0% a year ago. Book value per share was BRL 7.76 compared to BRL 9.83 a year ago. Earnings per share were BRL 0.04 against BRL 0.01 a year ago.