Banco Santander-Chile Announces Fourth Quarter 2025 Earnings

SANTIAGO, Chile, Jan. 30, 2026 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its results¹ for the twelve-month period ended December 31, 2025, and fourth quarter 2025 (4Q25).

Solid financial performance with a ROAE² of 23.5% in 12M25³.

As of December 31, 2025, the Bank's net income attributable to shareholders totaled Ch$ 1.053 billion ($5.59 per share and US$2.48 per ADR), marking a 22.8% increase compared to the same period of the previous year and with a 23.5% ROAE in 12M25 compared to a 20.2% ROAE in 12M24⁴. The increase in results is explained by the growth displayed in the Bank's main revenue streams. Operating income increased 10.2% YoY⁵, driven by a better net interest margin and adjustments, higher fees and financial transaction results.

Compared to the previous quarter (3Q25), net income attributable to shareholders increased 3.2% QoQ⁶, primarily due to improved margins and fee growth, as well as effective cost control. This resulted in a 21.9% ROAE for 4Q25, marking the seventh consecutive quarter with ROAE above 20%.

Strong recovery of the NIM⁷, reaching 4.0% in 12M25

Net interest income and readjustments (NII) accumulated to December 31, 2025, increased by 10.9% compared to the same period in 2024. This increase in NII resulted from an improvement in the funding cost, which fell from 4.7% to 3.8% in 12M25, explained mostly by the reduction observed on the Monetary Policy rate compared to 2024. As a result, the NIM improved from 3.6% in 12M24 to 4.0% in 12M25.

Compared to 3Q25, net interest income and readjustments increased 5.3% QoQ mainly due to lower interest expenses.

Customer base expansion continues, with total customers increasing by 6.9% YoY.

Our strategy of strengthening digital products has led to continuous growth in our customer base, reaching approximately 4.6 million customers, of which almost 2.3 million are digital customers (85% of our active customers).

The bank's market share in current accounts remains strong at 21.8% as of November 2025, driven by increased customer demand for US dollar current accounts, as customers can open these accounts digitally through our platform in just a few simple steps. This also demonstrates the success of Getnet's strategy to promote cross-selling of other products, such as current accounts for SMEs.

Net commissions increased 8.9% in 12M25, reaching recurrence⁸ levels of 63.7%.

Net fees increased 8.9% in the twelve months ending December 31, 2025, compared to the same period in 2024, driven by an increase in customers and greater product usage. As a result, the recurrence ratio (total net fees divided by structural support expenses) increased from 60.3% YTD in December 2024 to 63.7% YTD in December 2025, demonstrating that more than half of the Bank's expenses are financed by fees generated by our customers.

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