Mercantil Servicios Financieros CA announced unaudited consolidated earnings results for the third quarter and nine months ended September 2012. For the quarter, the company reported interest income of VEB 3,117 million compared to VEB 2,078 million a year ago. Net interest income was VEB 2,230 million compared to VEB 1,510 million a year ago. Operating income was VEB 3,156 million compared to VEB 2,127 million a year ago. Income before taxes and minority interest was VEB 1,199 million compared to VEB 580 million a year ago. Net income was VEB 986 million compared to VEB 533 million a year ago. Net cash provided by operating activities was VEB 2,018 million compared to VEB 1,067 million a year ago. Additions to fixed assets, net of depreciation and write-offs were VEB 121 million compared to VEB 30 million a year ago. ROA was 3.5% compared to 2.5% a year ago. ROE was 32.6% compared to 23.8% a year ago. Income per share was VEB 2.32 compared to VEB 1.25 a year ago. Book value per share was VEB 30.41 compared to VEB 21.94 a year ago.

For the nine months, the company reported interest income of VEB 8,306 million compared to VEB 5,601 million a year ago. Net interest income was VEB 5,899 million compared to VEB 4,009 million a year ago. Operating income was VEB 8,504 million compared to VEB 5,592 million a year ago. Income before taxes and minority interest was VEB 3,110 million compared to VEB 1,524 million a year ago. Net income was VEB 2,655 million compared to VEB 1,323 million a year ago. Net cash provided by operating activities was VEB 5,144 million compared to VEB 2,842 million a year ago. Additions to fixed assets, net of depreciation and write-offs were VEB 221 million compared to VEB 58 million a year ago. ROA was 3.2% compared to 2.2% a year ago. ROE was 30.1% compared to 20.8% a year ago. Income per share was VEB 6.24 compared to VEB 3.10 a year ago.