Banco de Chile Posts Lower Profit and Higher Provisions in First-Quarter 2026 Results

Banco De Chile ( (BCH) ) has shared an update.

Banco de Chile reported its financial results for the first quarter of 2026 on April 30, 2026, presenting a mixed performance in a detailed management commentary prepared under Chilean and international reporting standards. Net income fell 18.3% year-on-year to Ch$268,628 million in 1Q26, while operating revenues declined 3.9% to Ch$748,885 million, signaling margin or volume pressure across its core businesses.

The bank also faced a 26.6% increase in credit loss expenses to Ch$114,178 million compared with the same period in 2025, indicating a more challenging credit environment or more conservative provisioning. Operating expenses edged up 2.5% to Ch$287,925 million, suggesting cost discipline but some upward pressure on the cost base, with the overall quarterly profile implying headwinds to profitability even as Banco de Chile retains its scale, market leadership and diversified franchise within the Chilean banking sector.

The most recent analyst rating on (BCH) stock is a Hold with a $42.00 price target. To see the full list of analyst forecasts on Banco De Chile stock, see the BCH Stock Forecast page.

Spark’s Take on BCH Stock

According to Spark, TipRanks’ AI Analyst, BCH is a Neutral.

The score is held back primarily by weaker financial quality signals—especially the sharp 2025 revenue decline and volatile cash flow—despite strong profitability. Technicals are supportive with a clear uptrend, while valuation is reasonable with a solid dividend yield and the earnings call guidance is broadly constructive but tempered by soft commercial loan demand and a higher cost-of-risk outlook.

To see Spark’s full report on BCH stock, click here.

More about Banco De Chile

Banco de Chile, founded in 1893 through the merger of several Chilean banks, is a full-service financial institution and one of the country’s leading private banks. It offers a broad range of lending and non-lending products to retail, corporate and high-income clients, complemented by subsidiaries in securities brokerage, mutual funds, investment banking, insurance brokerage and card acquiring and processing. The bank operates nationwide with strong digital and mobile platforms, serves more than 2 million customers, and maintains an alliance with Citigroup for international services, underpinned by solid capital, competitive funding and high credit ratings that position it among the most robust private banks in Latin America.

Average Trading Volume: 440,705

Technical Sentiment Signal: Buy

Current Market Cap: $18.64B

See more insights into BCH stock on TipRanks’ Stock Analysis page.