Banco Santander-Chile Reports Strong Second Quarter 2026 Results, Driven by Continued Customer Growth, Higher Profitability and Solid Capital Levels

SANTIAGO, Chile, July 29, 2026 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its results¹ for the six-month period ended June 30, 2026, and second quarter 2026 (2Q26).

Solid financial performance with a ROAE² of 31.5% in 2Q26³ and a 40.0% increase in earnings for the quarter.

In the second quarter of 2026, net income attributable to the Bank's owners totaled $383 billion ($2.00 per share and US$0.90 per ADR). Compared to the previous quarter (1Q26), net income attributable to the Bank's owners increased 40.0% QoQ⁴, and 40.4% compared to 2Q25⁵, primarily due to higher net income from readjustments in a quarter with higher inflation (2.5% vs. 0.3% in 1Q26 and 1.0% in 2Q25), in addition to lower loan loss provisions during the quarter. As a result, ROAE increased from 24.5% in 2Q25 and 23.0% in 1Q26 to 31.5% in 2Q26.

As of June 30, 2026, net income attributable to the Bank's owners totaled $656 billion ($3.48 per share and US$1.51 per ADR). Compared to the same period of the previous year, net income increased by 19.2%, reaching a ROAE of 27.2% in 6M26 versus 25.1% in 6M25⁶. This is mainly due to higher net interest income resulting from higher inflation in the readjustment income line, as the UF variation was 2.7% in 6M26 compared to 2.2% in 6M25. Higher results from financial transactions and lower operating expenses also contributed to this improvement.

Furthermore, at the shareholders' meeting in April 2026, it was agreed to distribute 60% of the 2025 profits as dividends. This represents a dividend of $3.35 per share and a yield of 4.5%. The Bank maintains a solid CET1 ratio of 11.1% with a BIS ratio⁷ of 16.6% as of June 2026.

Customer base expansion continues, with total customers increasing 6.9% YoY⁸.

The strategy of strengthening digital products has led to continued growth in our customer base, reaching over 4.8 million customers, of which 2.7 million are active. The Bank's market share in current accounts remained strong, reaching 20.8% as of May 2026. Furthermore, increased use of digital platforms continued to drive fee income, with YoY growth of 10% in mutual fund brokerage and 26.6% in insurance brokerage. As a result, the recurrence ratio⁹ increased from 61.9% YTD¹⁰ to June 2025 to 64.1% YTD to June 2026, demonstrating that almost two-thirds of the Bank's expenses are funded by customer-generated fees.

Schreibe Deinen Kommentar