Banco Santander-Chile (BSAC) Q3 2025 Earnings Call Transcript
Net Income CLP 798 billion, a 37% year-over-year increase. Growth was supported by an 8% rise in fee income and a 19% increase in financial transactions.
Return on Average Equity (ROE) 24%, a significant increase driven by strong income growth and efficiency improvements.
Efficiency Ratio 35.9%, the best in the Chilean industry in 2025 so far. This was achieved through tight cost control and digital transformation.
Net Interest Income (NII) Increased 17% year-over-year, supported by a lower cost of funding, which improved by 100 basis points year-over-year.
Net Interest Margin (NIM) Remained at 4%, supported by macroeconomic conditions and lower funding costs.
Fee Income Increased 8% year-over-year, driven by a growing client base and higher transactional volumes.
Financial Transactions Increased 19% year-over-year, reflecting higher activity in payments and other financial services.
Mutual Funds Grew 15% year-over-year, driven by increased client activity and product usage.
Client Base 4.6 million clients, with 59% actively engaged and 2.3 million digital clients. This led to a 12% annual increase in credit card transactions and a 15% rise in mutual fund volumes.
Cost of Risk and Asset Quality Cost of credit remained above historical averages due to elevated nonperforming loans earlier in the year. However, there have been tangible improvements in asset quality in recent months.
CET1 Ratio 10.8% in September 2025, above the minimum requirement of 9.08%. This was driven by income generation and a 4% increase in risk-weighted assets.
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Banco Santander-Chile Reports Strong FY 2025 Financials
- Earnings Performance: Banco Santander-Chile reported a non-GAAP EPS of $2.48 for FY 2025, indicating strong profitability and reflecting its robust performance and growth potential in the market.
- Asset Growth: As of December 31, 2025, the bank's total assets reached CLP 68,094,956 million (approximately $75.6 million), demonstrating effective asset management and enhanced market competitiveness.
- Loan and Deposit Metrics: Total gross loans, including interbank loans, amounted to CLP 40,932,880 million (about $45.4 million), while total deposits stood at CLP 30,569,372 million (around $33.9 million), showcasing solid liquidity and customer trust.
- Capital Adequacy Ratios: The bank's BIS capital ratio was 16.9%, with a core capital ratio of 11.0%, which not only meets regulatory requirements but also provides strong support for future expansion and risk management.
Banco Santander Chile to Release Q4 2025 Financial Results on February 5
- Earnings Call Schedule: Banco Santander Chile will hold a conference call on February 5, 2026, at 9:00 AM NY time to discuss its Q4 2025 financial results, which is expected to significantly impact investor sentiment.
- Management Participation: The call will feature CFO Patricia Pérez, Chief Strategy Officer Cristian Vicuña, and Economist Lorena Palomeque, ensuring comprehensive financial analysis and market outlook for stakeholders.
- Quiet Period Notification: The company will enter a quiet period starting January 16, 2026, during which no financial discussions will occur, maintaining confidentiality and compliance with regulatory standards.
- Financial Health Overview: As of September 30, 2025, Banco Santander Chile reported total assets of $68.24 billion, gross loans of $44.00 billion, and total deposits of $31.52 billion, reflecting a solid financial foundation in the Latin American market.
Banco Santander Chile to Release 4Q 2025 Financial Results on February 5
- Earnings Call Schedule: Banco Santander Chile will hold a conference call on February 5, 2026, at 9:00 AM NY time to discuss its 4Q 2025 financial results, which is expected to positively impact investor confidence.
- Management Participation: The call will feature CFO Patricia Pérez and Chief Strategy Officer Cristian Vicuña, providing in-depth financial analysis and market outlook, thereby enhancing transparency and investor relations.
- Asset and Loan Metrics: As of September 30, 2025, Santander Chile reported total assets of $68.24 billion and gross loans of $44.00 billion, indicating robust growth and an increase in market share in the Latin American market.
- Capital Adequacy Ratios: The bank's capital ratio stands at 16.7% with a core capital ratio of 10.8%, reflecting a strong financial position that supports future business expansion and risk management strategies.
Banco Santander-Chile Reports Earnings for Third Quarter 2025
Financial Performance: Banco Santander Chile reported a net income of $798 billion for the nine-month period ending September 30, 2025, marking a 37.3% year-over-year increase and achieving a return on average equity (ROAE) of 24.0%.
Customer Growth and Digital Strategy: The bank's customer base grew by 8.7% year-over-year, reaching approximately 4.6 million customers, with nearly 2.3 million being digital customers, reflecting the success of its digital product strategy.
Efficiency and Commissions: The efficiency ratio improved to 35.9%, and net commissions increased by 8.0%, indicating that over half of the bank's expenses are now funded by customer-generated commissions.
Capital Ratios and Ratings: The Common Equity Tier 1 (CET1) ratio stood at a solid 10.8%, with the bank maintaining high credit ratings from various agencies, all with a stable outlook.
JP Morgan Keeps Neutral Rating on Banco Santander Chile, Increases Price Target to $30
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders, helping them stay informed and make timely decisions in the stock market.
Community and Exclusivity: Joining Benzinga Pro connects users with over 10,000 serious traders and provides access to exclusive stories and insights from Benzinga reporters.
Banco Santander Chile: Webcast/Conference Call for Analysts and Investors on Q3 2025
Conference Call Announcement: Banco Santander Chile will hold a conference call-webcast on November 5, 2025, at 10:00 AM NY time to discuss its 3Q 2025 financial results, featuring key bank officers and a Q&A session.
Financial Overview: As of June 30, 2025, Banco Santander Chile reported total assets of approximately US$69.37 billion, total gross loans of US$42.91 billion, total deposits of US$31.04 billion, and a BIS capital ratio of 17.0%.
Banco Santander-Chile Reports Strong FY 2025 Financials
- Earnings Performance: Banco Santander-Chile reported a non-GAAP EPS of $2.48 for FY 2025, indicating strong profitability and reflecting its robust performance and growth potential in the market.
- Asset Growth: As of December 31, 2025, the bank's total assets reached CLP 68,094,956 million (approximately $75.6 million), demonstrating effective asset management and enhanced market competitiveness.
- Loan and Deposit Metrics: Total gross loans, including interbank loans, amounted to CLP 40,932,880 million (about $45.4 million), while total deposits stood at CLP 30,569,372 million (around $33.9 million), showcasing solid liquidity and customer trust.
- Capital Adequacy Ratios: The bank's BIS capital ratio was 16.9%, with a core capital ratio of 11.0%, which not only meets regulatory requirements but also provides strong support for future expansion and risk management.
Banco Santander Chile to Release Q4 2025 Financial Results on February 5
- Earnings Call Schedule: Banco Santander Chile will hold a conference call on February 5, 2026, at 9:00 AM NY time to discuss its Q4 2025 financial results, which is expected to significantly impact investor sentiment.
- Management Participation: The call will feature CFO Patricia Pérez, Chief Strategy Officer Cristian Vicuña, and Economist Lorena Palomeque, ensuring comprehensive financial analysis and market outlook for stakeholders.
- Quiet Period Notification: The company will enter a quiet period starting January 16, 2026, during which no financial discussions will occur, maintaining confidentiality and compliance with regulatory standards.
- Financial Health Overview: As of September 30, 2025, Banco Santander Chile reported total assets of $68.24 billion, gross loans of $44.00 billion, and total deposits of $31.52 billion, reflecting a solid financial foundation in the Latin American market.
Banco Santander Chile to Release 4Q 2025 Financial Results on February 5
- Earnings Call Schedule: Banco Santander Chile will hold a conference call on February 5, 2026, at 9:00 AM NY time to discuss its 4Q 2025 financial results, which is expected to positively impact investor confidence.
- Management Participation: The call will feature CFO Patricia Pérez and Chief Strategy Officer Cristian Vicuña, providing in-depth financial analysis and market outlook, thereby enhancing transparency and investor relations.
- Asset and Loan Metrics: As of September 30, 2025, Santander Chile reported total assets of $68.24 billion and gross loans of $44.00 billion, indicating robust growth and an increase in market share in the Latin American market.
- Capital Adequacy Ratios: The bank's capital ratio stands at 16.7% with a core capital ratio of 10.8%, reflecting a strong financial position that supports future business expansion and risk management strategies.
Banco Santander-Chile Reports Earnings for Third Quarter 2025
Financial Performance: Banco Santander Chile reported a net income of $798 billion for the nine-month period ending September 30, 2025, marking a 37.3% year-over-year increase and achieving a return on average equity (ROAE) of 24.0%.
Customer Growth and Digital Strategy: The bank's customer base grew by 8.7% year-over-year, reaching approximately 4.6 million customers, with nearly 2.3 million being digital customers, reflecting the success of its digital product strategy.
Efficiency and Commissions: The efficiency ratio improved to 35.9%, and net commissions increased by 8.0%, indicating that over half of the bank's expenses are now funded by customer-generated commissions.
Capital Ratios and Ratings: The Common Equity Tier 1 (CET1) ratio stood at a solid 10.8%, with the bank maintaining high credit ratings from various agencies, all with a stable outlook.
JP Morgan Keeps Neutral Rating on Banco Santander Chile, Increases Price Target to $30
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders, helping them stay informed and make timely decisions in the stock market.
Community and Exclusivity: Joining Benzinga Pro connects users with over 10,000 serious traders and provides access to exclusive stories and insights from Benzinga reporters.
Banco Santander Chile: Webcast/Conference Call for Analysts and Investors on Q3 2025
Conference Call Announcement: Banco Santander Chile will hold a conference call-webcast on November 5, 2025, at 10:00 AM NY time to discuss its 3Q 2025 financial results, featuring key bank officers and a Q&A session.
Financial Overview: As of June 30, 2025, Banco Santander Chile reported total assets of approximately US$69.37 billion, total gross loans of US$42.91 billion, total deposits of US$31.04 billion, and a BIS capital ratio of 17.0%.
