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Banco Santander Chile (BSAC)
NYSE:BSAC
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.55Last Year’s EPS
$0.43Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -4.49%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Positive
Banco Santander-Chile reported strong financial performance with significant growth in ROE, net income, and digital client base. The bank's sustainability achievements and efficient cost management are notable highlights. However, challenges remain in asset quality and loan growth, alongside potential external risks. Despite these challenges, the overall sentiment is positive, driven by strong financial results and strategic advancements.Company Guidance
During Banco Santander-Chile's Q3 2024 earnings call, the bank provided guidance reflecting strong financial performance and strategic direction. The bank upgraded its ROE guidance for 2024 to a range of 18% to 19%, with a year-to-date ROE of 18.2%. Net interest margin is expected to remain between 3.4% and 3.5%, driven by a 74.8% year-on-year increase in net interest income. Loan growth is projected to be mid-single digits, and the cost of risk is anticipated to stabilize around 1.3%. The efficiency ratio is targeted to stay in the high 30s. For 2025, Santander-Chile expects loan growth to continue at mid-single digits, with an ROE between 18% and 20%. The bank emphasized its strategic focus on digital transformation, aiming to reach 5 million customers, and highlighted its strong position in sustainability, achieving 80 points in the Dow Jones Sustainability Index.Strong ROE and Net Income Growth
Banco Santander-Chile achieved a return on equity (ROE) of 23.1% in Q3 2024 and 18.2% year-to-date, surpassing guidance. Net income increased by 11.7% in the quarter and 82% year-on-year.
Impressive Performance in Dow Jones Sustainability Index
Banco Santander-Chile scored 80 points in the Dow Jones Sustainability Index, a 6-point increase from last year, ranking as the best Chilean bank and in the top 3% of banks worldwide.
Growth in Digital and Client Base
The bank's digital clients grew by 7% year-on-year to 2.1 million, while active clients increased by 12%. The Santander Life account grew over 7%, and the Más Lucas account reached 244,000 clients since its launch in 2023.
Getnet's Expansion
Getnet's client base expanded to 277,000 merchants, generating MXN 55 billion in fees and MXN 19 billion in income year-to-date, contributing significantly to fee income.
Efficiency and Cost Management
Banco Santander-Chile's efficiency ratio was 36.3% in Q3 2024, driven by digitalization and cost control, making it the best among peers.
Positive Macroeconomic Outlook
GDP growth for 2024 is forecasted at 2.4%, with further growth expected in 2025. Inflation is projected to decline to 3.4% by the end of 2025.
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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
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BSAC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $19.83 | $19.68 | -0.76% |
| Jul 31, 2024 | $19.56 | $20.08 | +2.66% |
| Apr 30, 2024 | $18.48 | $17.98 | -2.71% |
| Feb 02, 2024 | $18.49 | $18.25 | -1.30% |
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.
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FAQ
When does Banco Santander Chile (BSAC) report earnings?
Banco Santander Chile (BSAC) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Banco Santander Chile (BSAC) earnings time?
Banco Santander Chile (BSAC) earnings time is at Jan 30, 2025, TBA Not 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 2024 (Q4) is $0.55.
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