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Banco Santander Chile (BSAC)
NYSE:BSAC
Earnings Data
Report Date
Apr 24, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.63Last Year’s EPS
0.62Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive performance picture: strong profitability (23% y/y net income growth), stable NIM (~4%), industry‑leading efficiency (36%) and robust fee growth, supported by a solid capital position (CET1 11%) and successful funding. Management provided clear 2026 guidance reflecting continued digital transformation, client growth and disciplined cost control. However, important challenges remain—elevated cost of credit and impaired loan metrics, slower mortgage recovery due to judicial processes, ongoing transformation costs, and policy/regulatory uncertainties (payments competition/interchange, interest‑rate caps, potential tax changes). The positives (profitability, efficiency, capital, client momentum and ESG upgrades) substantially outweigh the negatives, though execution and regulatory developments will be key to sustaining momentum.Company Guidance
Strong Profitability and Net Income Growth
Net income of CLP 1,053 billion, up 23% year‑on‑year; return on average equity ~23.5% (year‑to‑date) and quarterly ROE consistently above 21% (most recent 21.9%). Guidance for 2026 ROE of 22%–24%.
Robust Fee and Non‑interest Income Expansion
Fee income grew ~9% year‑on‑year and financial transactions rose ~8% y/y; fee-driven recurrence ratio reached 63.7%, meaning fees cover >60% of structural operating expenses.
Net Interest Income and Margin Stability
Net interest income (including adjusted income) rose ~11% year‑on‑year; net interest margin (NIM) remained stable around 4%; funding cost improved by ~100 basis points y/y.
Best‑in‑class Efficiency Metrics
Efficiency ratio reached 36% for 2025 (reported as the best in the Chilean banking industry), with a target to keep efficiency in the mid‑30s; full‑year operating expenses grew only 1.6% despite transformation costs.
Client Growth and Digital Engagement
Client base ~4.6 million with 58% active customers and ~2.3 million digital clients accessing the platform monthly; current accounts +9% y/y, total clients +7% y/y, active clients +5% y/y, credit card transactions +15%.
Solid Capital Position and Funding Execution
Common Equity Tier 1 (CET1) ratio at 11%, well above the December 2025 minimum requirement of 9.08%; ~50 basis points of capital creation since Dec‑2024; successfully issued $500 million 5‑year 144A bond at 4.55%.
Strategic Execution and Recognition
Progress on digital transformation (goal: >5 million clients by 2026), Work Cafe rollout and AI/process automation to lower cost per active client; multiple industry awards (Euromoney, Latin Finance, The Banker, Global Finance) and MSCI ESG rating upgraded from A to AA.
Clear 2026 Guidance with Conservative Assumptions
Guidance: mid‑single‑digit loan growth (stronger H2), NIM ~4%, fees & financial transactions mid‑ to high‑single digits, cost of credit improving to ~1.3% for 2026, efficiency mid‑30s; RWA growth expected ~2% and inflation sensitivity quantified (~CLP 8.5bn exposure ≈15 bps per 100 bp CPI move).
BSAC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BSAC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 30, 2026 | $36.99 | $35.22 | -4.79% |
Oct 30, 2025 | $28.30 | $28.82 | +1.84% |
Jul 31, 2025 | $22.88 | $23.01 | +0.57% |
Apr 30, 2025 | $24.23 | $24.09 | -0.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Banco Santander Chile (BSAC) report earnings?
Banco Santander Chile (BSAC) is schdueled to report earning on Apr 24, 2026, Before Open (Confirmed).
What is Banco Santander Chile (BSAC) earnings time?
Banco Santander Chile (BSAC) earnings time is at Apr 24, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BSAC EPS forecast?
BSAC EPS forecast for the fiscal quarter 2026 (Q1) is 0.63.