MEDELLIN, Colombia (AP) — MEDELLIN, Colombia (AP) — Bancolombia SA (CIB) on Thursday reported first-quarter profit of $432.9 million.

The bank, based in Medellin, Colombia, said it had earnings of $1.80 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.

The financial holding company posted revenue of $2.81 billion in the period. Its revenue net of interest expense was $1.79 billion, falling short of Street forecasts.

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