Banco De Chile (BCH) AI Stock Analysis

• Market Cap: $22.47B
• Dividend Yield: 5.56%
• Average Volume (3M): 297.58K
• Price to Earnings (P/E): 17.2
• Beta (1Y): 0.43
• Revenue Growth: -11.64%
• EPS Growth: -8.75%
• Country: US
• Employees: 11,614
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): N/A
• Shares Outstanding: 505,085,420
• 10 Day Avg. Volume: 456,347
• 30 Day Avg. Volume: 297,585
• PEG Ratio: -0.75
• Price to Book (P/B): 1.76
• Price to Sales (P/S): 2.46
• P/FCF Ratio: 30.13
• Enterprise Value/Market Cap: 1.41K
• Enterprise Value/Revenue: 7.59
• Enterprise Value/Gross Profit: 11.64
• Enterprise Value/Ebitda: 18.89
• 1Y Price Target: $36.00
• Price Target Upside: -19.62% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: $48.00 ▲(7.17% Upside)

Banco De Chile's overall score reflects strong financial performance and strategic progress, supported by reasonable valuation and a solid dividend yield. However, technical indicators suggest caution due to potential overbought conditions, and high leverage remains a risk factor.

Positive Factors

High profitability and margins

Sustained high net margins and strong ROE indicate durable earnings power and efficient core banking operations. This profitability supports dividend capacity, internal capital generation and investment in digital initiatives, allowing the bank to finance growth and absorb credit stress over the medium term.

Strong regulatory capital ratios

Robust CET1 and total capital provide a sizable buffer against credit losses and macro shocks, enabling continued lending and regulatory compliance. This capital strength preserves strategic flexibility for payout policy, acquisitions or cyclical provisioning across a 2-6 month horizon and beyond.

Access to long-term local funding

Successful multi-series long-dated bond issuances show durable market access and term funding diversification. Locking fixed-rate, long maturities reduces rollover risk and supports lending capacity and liquidity management, improving balance sheet stability through economic cycles.

Negative Factors

High leverage on balance sheet

Elevated debt-to-equity increases sensitivity to interest rate moves and funding stress, constraining capital flexibility and magnifying losses during downturns. High leverage limits capacity for aggressive loan growth or increased shareholder returns without raising additional capital or reducing risk exposure.

Declining revenue growth trend

Material negative revenue growth signals structural pressure on top-line expansion from weaker loan demand or fee income. Persisting decline erodes scalability of profits, presses management to find non-interest income or expense cuts to sustain margins and risks longer-term earnings deterioration.

Low operating cash flow coverage

A low OCFO-to-net-income ratio implies earnings are not being converted into cash efficiently, increasing reliance on financing or nonrecurring items to fund dividends and growth. Over months this can strain liquidity metrics and limit ability to expand lending or absorb asset-quality shocks.

Banco De Chile Business Overview & Revenue Model

Company Description

Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. It operates through Retail Banking, Wholesale Banking, and Treasury and Money Market segments. The company offers deposit products, such as checking accounts, current accounts, demand deposits and accounts, saving accounts, and time deposits; commercial, mortgage, consumer, working capital, syndicated, and installment loans; and credit cards. It also provides leasing, factoring, and foreign trade services; international and treasury banking services; and financial advisory services. In addition, the company offers liquidity management services, debt instruments, and derivative contracts and leases, as well as financial transaction and currency trading services; and securities brokerage, mutual funds management, wholesale customer, investment banking and management, and insurance brokerage services. As of December 31, 2021, it operated through a network of 272 branches and 1,761 ATMs. The company serves individuals, small and medium-sized companies, corporate clients, and large companies. Banco de Chile was founded in 1893 and is headquartered in Santiago, Chile.

How the Company Makes Money

Banco de Chile generates revenue primarily through interest income from loans and advances given to customers, which constitutes a significant portion of its earnings. The bank also earns money from fees and commissions related to account maintenance, transaction processing, and wealth management services. Additionally, BCH benefits from income generated through its investment portfolio, including returns on securities and other financial instruments. The bank has established various partnerships with corporations and financial service providers to enhance its product offerings and expand its customer base, which contributes to its overall profitability. Furthermore, fluctuations in interest rates and economic conditions in Chile play a crucial role in influencing its earnings.

Banco De Chile Financial Statement Overview

Summary

Banco De Chile demonstrates strong profitability with high profit margins and return on equity. However, the decline in revenue growth and high leverage are areas of concern. The cash flow position is improving, but the low operating cash flow coverage ratio suggests a need for better cash flow management.

Income Statement

Banco De Chile shows strong profitability with a TTM gross profit margin of 79.88% and a net profit margin of 36.60%. However, the revenue growth rate has declined by 1.11% in the TTM, indicating a potential slowdown. The EBIT and EBITDA margins are healthy at 45.72% and 48.45%, respectively, reflecting efficient operations despite the revenue dip.

Balance Sheet

The bank has a high debt-to-equity ratio of 2.33, indicating significant leverage, which could pose risks in volatile markets. However, the return on equity remains strong at 21.27%, showcasing effective use of equity to generate profits. The equity ratio is not explicitly calculated, but the substantial total assets suggest a solid asset base.

Cash Flow

Free cash flow has grown by 8.77% in the TTM, indicating improved liquidity. The operating cash flow to net income ratio is low at 0.20, suggesting potential cash flow management issues. However, the free cash flow to net income ratio is robust at 84.55%, reflecting good cash generation relative to profits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.16T	4.65T	5.09T	5.31T	3.03T	2.49T
Gross Profit	2.71T	2.69T	2.77T	2.71T	2.20T	1.38T
EBITDA	1.67T	1.68T	1.79T	1.82T	1.41T	578.21B
Net Income	1.27T	1.25T	1.37T	1.45T	1.06T	401.63B
Balance Sheet
Total Assets	55.47T	52.06T	55.72T	55.11T	51.43T	45.55T
Cash, Cash Equivalents and Short-Term Investments	5.85T	5.14T	6.78T	7.51T	7.10T	4.02T
Total Debt	14.20T	12.06T	11.67T	10.62T	9.27T	9.56T
Total Liabilities	49.79T	45.55T	49.64T	49.68T	46.61T	41.55T
Stockholders Equity	5.68T	6.50T	6.08T	5.43T	4.82T	4.00T
Cash Flow
Free Cash Flow	2.23T	379.42B	1.64T	50.49B	2.94T	-2.52T
Operating Cash Flow	2.27T	396.64B	1.73T	128.61B	3.01T	-2.47T
Investing Cash Flow	-34.27B	-58.34B	-346.50B	-847.82B	-2.99T	210.31B
Financing Cash Flow	-511.41B	-1.56T	-1.56T	-161.80B	1.38T	1.46T

Banco De Chile Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 44.79
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BCH, the sentiment is Positive. The current price of 44.79 is above the 20-day moving average (MA) of 42.00, above the 50-day MA of 39.42, and above the 200-day MA of 32.75, indicating a bullish trend. The MACD of 1.73 indicates Negative momentum. The RSI at 66.50 is Neutral, neither overbought nor oversold. The STOCH value of 72.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BCH.

Banco De Chile Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BAP	74 Outperform	$28.38B	16.00	18.12%	4.82%	8.72%	27.70%
BCH	71 Outperform	$22.47B	17.24	21.29%	5.56%	-11.64%	-8.75%
CIB	70 Outperform	$21.12B	20.89	17.06%	10.29%	-6.79%	16.13%
BSAC	69 Neutral	$16.74B	14.86	24.13%	4.29%	12.43%	56.30%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BSBR	64 Neutral	$25.89B	24.67	9.34%	4.98%	1.13%	-11.93%
WF	62 Neutral	$15.20B	6.95	9.61%	3.71%	-2.90%	16.10%

Banco De Chile Corporate Events

Banco de Chile Calls March Shareholders’ Meeting to Approve 84.7% Payout of 2025 Earnings

Banco de Chile’s board of directors, at an ordinary session held on January 29, 2026, agreed to call an ordinary shareholders’ meeting for March 26, 2026, to vote on a proposal to distribute 84.7% of the bank’s net income from the fiscal year ended December 31, 2025, as dividends. The proposal includes retaining CLP 182.34 billion to adjust paid-in capital and reserves for inflation and distributing the remaining earnings as a dividend of CLP 9.99757030464 per share across 101,017,081,114 shares, while shareholders will also be asked to elect nine regular directors and two alternates, reflecting recent bylaw changes and signaling continued emphasis on shareholder returns and governance renewal.

The most recent analyst rating on (BCH) stock is a Buy with a $49.00 price target. To see the full list of analyst forecasts on Banco De Chile stock, see the BCH Stock Forecast page.

Banco de Chile Announces Board Resignation and New Vice-Chairman

At an extraordinary board meeting held on January 21, 2026, Banco de Chile announced that director and vice-chairman Francisco Pérez Mackenna tendered his resignation, effective January 31, 2026, with the board formally accepting his departure and recognizing his contributions to the bank’s development. The board simultaneously resolved to appoint Óscar Hasbún Martínez as a new director, effective February 1, 2026, until the next ordinary shareholders’ meeting, and to name existing director Jean‑Paul Luksic Fontbona as vice-chairman from the same date, signaling a planned and orderly refresh of the bank’s top governance positions that could influence its strategic oversight but maintains continuity in leadership.

The most recent analyst rating on (BCH) stock is a Buy with a $44.00 price target. To see the full list of analyst forecasts on Banco De Chile stock, see the BCH Stock Forecast page.

Banco de Chile Raises Long-Term Funding With Local Market Bond Placement on January 15, 2026

On January 15, 2026, Banco de Chile announced that it had completed the placement of three series of senior, dematerialized bearer bonds in the local Chilean market, reinforcing its funding base through long-term instruments. The bank issued Serie FU bonds totaling UF 500,000 maturing November 1, 2032 at an average rate of 2.78%, Serie HH bonds totaling UF 400,000 maturing December 1, 2036 at 2.87%, and Serie HW bonds totaling UF 50,000 maturing June 1, 2044 at 2.89%, a move that underscores active use of domestic capital markets to secure medium- and long-term financing and may support greater lending capacity and balance sheet stability for stakeholders.

The most recent analyst rating on (BCH) stock is a Buy with a $45.00 price target. To see the full list of analyst forecasts on Banco De Chile stock, see the BCH Stock Forecast page.

Banco de Chile Raises Long-Term Funding With Three-Series Local Bond Placement

On January 14, 2026, Banco de Chile informed regulators and local stock exchanges that it had completed the placement of three series of senior, dematerialized bearer bonds in the Chilean local market, reinforcing its long-term funding profile. The bank issued Serie FU bonds totaling CLF 500,000 maturing November 1, 2032 at an average placement rate of 2.81%, Serie GG bonds totaling CLF 350,000 maturing May 1, 2035 at 2.89%, and Serie HW bonds totaling CLF 300,000 maturing June 1, 2044 at 2.91%, underscoring continued investor appetite for Banco de Chile’s credit and providing the institution with diversified, fixed-rate funding across multiple maturities.

The most recent analyst rating on (BCH) stock is a Sell with a $36.00 price target. To see the full list of analyst forecasts on Banco De Chile stock, see the BCH Stock Forecast page.

Banco de Chile Places Long-Term Serie HW Bonds in Local Market

On January 12, 2026, Banco de Chile reported that it had completed a placement of senior, dematerialized, bearer bonds in the local Chilean market, classified as Serie HW and registered with the Financial Market Commission. The issuance totaled 100,000 Chilean inflation-indexed units (UF), carries a maturity date of June 1, 2044, and was placed at an average rate of 2.92%, underscoring the bank’s continued use of long-term local debt markets to support its funding structure and balance sheet management.

The most recent analyst rating on (BCH) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Banco De Chile stock, see the BCH Stock Forecast page.

Banco de Chile Places Long-Term Serie HW Bonds in Local Market

On January 8, 2026, Banco de Chile announced it had completed a placement of senior, dematerialized bearer bonds in the local Chilean market. The issuance involved Serie HW bonds, registered with the Chilean Financial Market Commission, for a total amount of UF 750,000, maturing on June 1, 2044, at an average placement rate of 2.93%. This long-term bond placement strengthens the bank’s local funding base and supports its capacity to finance future lending and investment activities, underscoring its active participation in Chile’s domestic capital markets and providing additional fixed-income instruments for local investors.

The most recent analyst rating on (BCH) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Banco De Chile stock, see the BCH Stock Forecast page.

Banco de Chile Announces New Subsidiary Director Election Policy Approval

On November 27, 2025, Banco de Chile announced that it has been informed of the approval of a new policy for the election of directors in its subsidiary companies by LQ Inversiones Financieras S.A. This development is significant as it may influence the governance and strategic direction of Banco de Chile’s subsidiaries, potentially impacting its operational efficiency and market positioning.

The most recent analyst rating on (BCH) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Banco De Chile stock, see the BCH Stock Forecast page.

Banco de Chile Approves Bylaw Amendments to Enhance Governance

On November 10, 2025, Banco de Chile held an Extraordinary Shareholders’ Meeting where several amendments to the bank’s bylaws were approved. Key changes include reducing the number of regular directors, adjusting quorum requirements for board meetings, and incorporating technological means for shareholder participation. These amendments aim to streamline governance and enhance operational efficiency, potentially impacting the bank’s strategic direction and stakeholder engagement.

The most recent analyst rating on (BCH) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Banco De Chile stock, see the BCH Stock Forecast page.

Banco de Chile Successfully Places Bonds in Local Market

On November 6, 2025, Banco de Chile announced the successful placement of senior, dematerialized, and bearer bonds in the local market. This issuance, registered under Serie FU Bonds, amounted to 400,000 Chilean UF with a maturity date of November 1, 2032, and an average placement rate of 2.89%. This strategic financial move is expected to strengthen Banco de Chile’s market position and provide additional capital for its operations, potentially impacting stakeholders positively by enhancing the bank’s financial stability.

The most recent analyst rating on (BCH) stock is a Buy with a $36.00 price target. To see the full list of analyst forecasts on Banco De Chile stock, see the BCH Stock Forecast page.