BSAC BANCO SANTANDER CHILE
Price Chart
Executive Summary
Banco Santander Chile reported strong FY2025 results with net income attributable to shareholders up 22.8% YoY to Ch$1,053 billion, driven by a 10.9% increase in net interest income and readjustments as the NIM improved to 4.0%. Efficiency reached 36.0%, and ROAE hit 23.5%. The CET1 ratio strengthened to 11.0% despite a slight decline in total loans. Management guided for 2026 ROAE of 22-24% and CET1 of ~11%.
Actionable Insight
The strong earnings beat and improved guidance support a positive re-rating; watch for Q1 2026 earnings to confirm sustained margin expansion and credit quality trends. The stock may trade higher on the back of these results.
Key Facts
- Net income attributable to shareholders increased 22.8% YoY to Ch$1,053,209 million
- ROAE improved to 23.5% from 20.2%
- Net interest margin (NIM) rose to 4.0% from 3.6%
- Efficiency ratio improved to 36.0% from 39.0%
- CET1 ratio rose to 11.0% from 10.5%
- NPL ratio stable at 3.2%; cost of credit increased to 1.39% from 1.29%
- Guidance for 2026: mid-single-digit loan growth, NIM ~4%, cost of credit ~1.3%, ROAE 22-24%, CET1 ~11%
Financial Impact
Net income +22.8% YoY to Ch$1,053 billion; ROAE 23.5%
Risk Factors
- Asset quality deterioration: impaired loan ratio rose to 7.1% from 6.7%
- Macroeconomic slowdown in Chile could pressure loan growth and credit costs
- Regulatory changes (Pillar II capital, interchange fee caps) may impact earnings
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001027552-26-000065 |
| Document: mncinglssigned.htm | 0001027552-26-000065 |
| Document: coverpage3111.htm | 0001027552-26-000065 |
| Document: 0001027552-26-000065-index-headers.html | 0001027552-26-000065 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 12, 2026
today
|
6-K
| $32.55 awaiting T+5 | awaiting T+5 | — | $32.51 (−0.12%) |
|
May 20, 2026
23d ago
|
6-K
| $31.26 $32.13 | ▲ +2.78% | ▲ +1.55% | $32.51 (+4.00%) |
|
May 20, 2026
23d ago
|
6-K
| $31.26 $32.13 | ▲ +2.78% | ▲ +1.55% | $32.51 (+4.00%) |
|
May 18, 2026
25d ago
|
6-K
| $30.54 $32.09 | ▲ +5.08% | ▲ +3.46% | $32.51 (+6.45%) |
|
May 18, 2026
25d ago
|
6-K
| $30.54 $32.09 | ▲ +5.08% | ▲ +3.46% | $32.51 (+6.45%) |
|
May 11, 2026
4w ago
|
6-K
| $30.20 $30.54 | ▲ +1.13% | ▲ +1.05% | $32.51 (+7.65%) |
|
May 11, 2026
4w ago
|
6-K
| $29.79 $30.54 | ▲ +2.52% | ▲ +2.60% | $32.51 (+9.13%) |
|
May 5, 2026
5w ago
|
6-K
| $30.36 $29.79 | ▼ −1.88% | ▼ −3.86% | $32.51 (+7.08%) |
|
Apr 30, 2026
6w ago
|
6-K
| $31.98 $31.52 | ▼ −1.44% | ▼ −3.17% | $32.51 (+1.66%) |
|
Apr 30, 2026
6w ago
|
Press Release
| $31.98 $31.52 | ▼ −1.44% | ▼ −3.17% | $32.51 (+1.66%) |
US Market Status
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