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Dec 31, 2024
Banco Santander Chile-ADR Q4 2024 Earnings Report
Key Takeaways
Banco Santander-Chile reported strong Q4 2024 performance with net income reaching $277 billion, up 13.7% QoQ. Operating income rose by 34.5% YoY due to a stronger interest margin. The net interest margin improved to 4.2%. The bank maintained a strong return on average equity (ROAE) at 26.0% for the quarter.
Revenue by Geographic Location
Forward Guidance
Banco Santander-Chile remains optimistic for 2025 with continued customer growth, digital transformation, and strategic investments in infrastructure and technology.
Positive Outlook
- Continued growth in customer base and digital adoption.
- Robust net interest margin (NIM) recovery to 4.2%.
- Strong deposit and fund growth, reflecting customer confidence.
- Solid capital ratios, maintaining a CET1 of 10.5%.
- Recognition as the Best Bank in Chile for SMEs and sustainability.
Challenges Ahead
- Higher delinquency rates with NPL ratio rising to 3.2%.
- Operating expenses increased by 12.4% YoY.
- Cost of credit remains at 1.29%, reflecting economic headwinds.
- Potential impact of interest rate changes on margins.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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