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.

Total Revenue

$277B

Previous year: $481M

+57533.5%

EPS

$4.55

Previous year: $0.43

+958.1%

Return on Average Equity

26%

Net Interest Margin

4.2%

Customer Growth

6.4%

Gross Profit

Cash and Equivalents

Free Cash Flow

Previous year: $1.54B

-100.0%

Total Assets

$68.5B

Previous year: $81.4B

-15.9%

Banco Santander Chile-ADR Revenue

Banco Santander Chile-ADR EPS

Banco Santander Chile-ADR 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.
Structural support expenses growing due to digital transformation.