Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-Market, and Corporate Investment Banking segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines. It also provides mutual funds, insurance and stock brokerage, foreign exchange, leasing, factoring, financial consulting, investment management, foreign trade and mortgage financing, treasury, and transactional services, as well as specialized services to finance projects for the real estate industry. In addition, the company offers short-term financing and fund raising, and brokerage services, as well as derivatives, securitization, and other tailor-made products. It serves individuals, small to middle-sized entities, companies, and large corporations, as well as universities, government entities, and local and regional governments. As of December 31, 2020, the company operated 358 branches, which include 220 under the Santander brand name, 19 under the Select brand name, 32 specialized branches for the middle market, and 28 as auxiliary and payment centers, as well as 1,199 ATMs. Banco Santander-Chile was incorporated in 1977 and is headquartered in Santiago, Chile.
IPO Year:
Exchange: NYSE
Website: banco.santander.cl
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/20/2024 | $18.00 → $21.00 | Sell → Neutral | Goldman |
| 6/12/2024 | $22.00 | Market Perform → Outperform | Itau BBA |
| 12/19/2023 | Buy → Hold | HSBC Securities | |
| 11/2/2023 | $22.00 → $20.00 | Underperform → Buy | BofA Securities |
| 10/16/2023 | $18.89 | Hold | Jefferies |
| 1/11/2023 | Neutral → Sell | Goldman | |
| 10/26/2022 | Sector Perform → Sector Outperform | Scotiabank | |
| 9/13/2022 | Buy → Neutral | Citigroup | |
| 8/19/2022 | Outperform → Neutral | Credit Suisse | |
| 6/30/2022 | Sell → Neutral | UBS |
SANTIAGO, Chile, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE:BSAC) announced Patricia Pérez as its new Chief Financial Officer (CFO), also becoming the first woman to hold this position in the local subsidiary. Patricia is an engineer in Information and Management Control from the University of Chile and holds a master's degree in Financial Management from the Adolfo Ibáñez University. Throughout her 18 years of experience in the Group, she has held different roles within the organization, beginning her career in Operations and Management Control and subsequently joining the Financial Executive Vice Presidency, where she has remained for the last 14 years, which has al
During the Ordinary Shareholders' Meeting, the appointment of María Olivia Recart and Blanca Bustamante as directors was approved, in addition to Lucía Santa Cruz and Ana Dorrego. Thus, the entity continues to integrate ESG criteria into its management, including its corporate governance.In the instance, the Bank's progress was also reported, including the 390% expansion in sustainable financing in 2022, which reflects its leadership in this matter.The general manager and country head, Román Blanco, discussed the progress of the entity in 2022 and outlined the objectives of the Chile First strategy, which in a few months has mobilized the Bank with launches such as "Más Lucas", Work/Café Exp
SANTIAGO, Chile, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE:BSAC) announced Patricia Pérez as its new Chief Financial Officer (CFO), also becoming the first woman to hold this position in the local subsidiary. Patricia is an engineer in Information and Management Control from the University of Chile and holds a master's degree in Financial Management from the Adolfo Ibáñez University. Throughout her 18 years of experience in the Group, she has held different roles within the organization, beginning her career in Operations and Management Control and subsequently joining the Financial Executive Vice Presidency, where she has remained for the last 14 years, which has al
SANTIAGO, Chile, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE:BSAC, SSE: Bsantander)) announced today its results1 for the nine-month period ended September 30, 2024, and third quarter 2024 (3Q24). ROAE2 of 23.1% in 3Q243 and 18.2% in 9M244. In the third quarter of 2024 (3Q24), the Bank's net income attributable to shareholders totaled $243,133 million ($1.29 per share and US$ 0.58 per ADR), reflecting an increase of 11.7% compared to the previous quarter (2Q24), with an ROAE of 23.1%. As of September 30, 2024, the Bank's net income attributable to shareholders totaled $581.109 billion ($3.08 per share and US$1.37 per ADR), reflecting an increase of 81
SANTIAGO, Chile, Sept. 11, 2024 (GLOBE NEWSWIRE) -- You are cordially invited to participate in Banco Santander Chile's (NYSE:BSAC) conference call-webcast on Wednesday, October 30, 2024, at 11.00 AM (EST time) where we will discuss 3Q 2024 financial results. The Bank's Officers participating in the conference call are: Emiliano Muratore, CFO, Cristian Vicuña, Chief Strategy Officer & Head of IR and Carmen Gloria Silva, Economist. A question and answer session will follow the presentation. The Management Commentary report will be published on October 30, 2024, before the market opens. The quiet period begins on October 16. To participate, the webcast presentation can be viewed at
SANTIAGO, Chile, July 31, 2024 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE:BSAC, SSE: Bsantander))) announced today its results1 for the six-month period ended July 31, 2024, and second quarter 2024 (2Q24). ROAE2 of 20.7% in 2Q243 and 15.8% in 6M244. In the second quarter of 2024 (2Q24), the Bank's net income attributable to shareholders totaled $217,724 million ($1.16 per share and US$ 0.49 per ADR), reflecting an increase of 81.1% compared to the previous quarter, with an ROAE of 20.7%. As of June 30, 2024, the Bank's net income attributable to shareholders totaled $337,976 billion ($1.79 per share and US$0.76 per ADR), reflecting an increase of 28.6% compared to the same pe
SANTIAGO, Chile, July 11, 2024 (GLOBE NEWSWIRE) -- You are cordially invited to participate in Banco Santander Chile's (NYSE:BSAC) conference call-webcast on Friday, August 2, 2024, at 10.00 AM (New York Time) where we will discuss 2Q 2024 financial results. The Bank's Officers participating in the conference call are: Emiliano Muratore, CFO, Cristian Vicuña, Chief Strategy Officer & Head of IR and Carmen Gloria Silva, Economist. A question and answer session will follow the presentation. The Management Commentary report will be published on July 31, 2024, before the market opens. The quiet period begins on July 17.To participate, the webcast presentation can be viewed at: https://mm.closi
SANTIAGO, Chile, April 30, 2024 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE:BSAC, SSE: Bsantander))) announced today its results1 for the three-month period ended March 31, 2024, and first quarter 2024 (1Q24). Our CEO Strategy Update & 1Q24 results will be held on Tuesday, May 14, 2024 at 9.00am New York time. For more information please visit our website. ROAE2 of 11.2% in 1Q243 As of March 31, 2024, net income attributable to owners of the Bank totaled $120 billion ($0.64 per share and US$0.26 per ADR), reflecting a decrease of 11.4% compared to the same period from the previous year, along with an ROAE of 11.2%. This variation is due to several factors. On the one hand, th
SANTIAGO, Chile, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Banco Santander Chile ("Santander Chile" or the "Company") (NYSE:BSAC, SSE: Bsantander))) announced today that it has given notice to Citibank, N.A., London Branch, as fiscal agent and paying agent (in such capacity, the "Fiscal and Paying Agent") that the Company is redeeming all Santander Chile's outstanding JPY 10,500,000,000 0.60% Senior Fixed Rate Notes due 2024 (the "Notes"). A notice of redemption has been issued by Santander Chile today through Euroclear Bank S.A. and N.V., Clearstream Banking, S.A. The redemption date will be March 29, 2024 (the "Redemption Date") and the redemption price of 100% of the principal amount of the Not
SANTIAGO, Chile, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Banco Santander Chile ("Santander Chile" or the "Company") (NYSE:BSAC, SSE: Bsantander))) announced today that its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 (the "2023 Annual Report") has been filed with the U.S. Securities and Exchange Commission (the "SEC"). The 2023 Annual Report can be accessed either by visiting the SEC's website at www.sec.gov or Santander Chile's corporate website at www.santander.cl. In addition, shareholders may receive a hard copy of the 2023 Annual Report, which includes the Company's complete audited financial statements, free of charge by requesting a copy from Santander Chile's I
SANTIAGO, Chile, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Banco Santander Chile's (NYSE:BSAC) announced that its subsidiary Santander Consumer Finance will acquire Mundo Crédito in an operation for up to US$ 79 million. The operation is subject to the approval of the National Economic Prosecutor's Office, the due diligence process and other usual conditions precedent. With the aim of expanding its offer and participation in this segment, Santander Consumer subscribed to the purchase - subject to conditions - of the automotive loan portfolio of Servicios Financieros Mundo Crédito SpA, a company that provides financing for the acquisition of new or used motor vehicles with pledge guarantee. The op
SANTIAGO, Chile, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE:BSAC, SSE: Bsantander))) announced today its resultsi for the twelve-month period ended December 31, 2023, and fourth quarter 2023 (4Q23). ROAE of 16.6% in 4Q23 and 11.9% in 12M23, with a solid net contribution from business segments that increases 34.7%. As of December 31, 2023, net income attributable to shareholders reached Ch$496,404 million ($2.63 per share and US$ 01.20 per ADR), decreasing 38.6% compared to the same period last year and with an ROAE of 11.9%. This lower result was mainly due to the impacts perceived in the NIM produced by the deceleration of inflation during the year and higher interest
Goldman upgraded Banco Santander Chile from Sell to Neutral and set a new price target of $21.00 from $18.00 previously
Itau BBA upgraded Banco Santander Chile from Market Perform to Outperform and set a new price target of $22.00
HSBC Securities downgraded Banco Santander Chile from Buy to Hold
BofA Securities upgraded Banco Santander Chile from Underperform to Buy and set a new price target of $20.00 from $22.00 previously
Jefferies initiated coverage of Banco Santander Chile with a rating of Hold and set a new price target of $18.90
Goldman downgraded Banco Santander Chile from Neutral to Sell
Scotiabank upgraded Banco Santander Chile from Sector Perform to Sector Outperform
Citigroup downgraded Banco Santander Chile from Buy to Neutral
Credit Suisse downgraded Banco Santander Chile from Outperform to Neutral
UBS upgraded Banco Santander Chile from Sell to Neutral
6-K - BANCO SANTANDER CHILE (0001027552) (Filer)
6-K - BANCO SANTANDER CHILE (0001027552) (Filer)
6-K - BANCO SANTANDER CHILE (0001027552) (Filer)
6-K - BANCO SANTANDER CHILE (0001027552) (Filer)
6-K - BANCO SANTANDER CHILE (0001027552) (Filer)
6-K - BANCO SANTANDER CHILE (0001027552) (Filer)
6-K - BANCO SANTANDER CHILE (0001027552) (Filer)
6-K - BANCO SANTANDER CHILE (0001027552) (Filer)
6-K - BANCO SANTANDER CHILE (0001027552) (Filer)
6-K - BANCO SANTANDER CHILE (0001027552) (Filer)
SANTIAGO, Chile, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE:BSAC, SSE: Bsantander)) announced today its results1 for the nine-month period ended September 30, 2024, and third quarter 2024 (3Q24). ROAE2 of 23.1% in 3Q243 and 18.2% in 9M244. In the third quarter of 2024 (3Q24), the Bank's net income attributable to shareholders totaled $243,133 million ($1.29 per share and US$ 0.58 per ADR), reflecting an increase of 11.7% compared to the previous quarter (2Q24), with an ROAE of 23.1%. As of September 30, 2024, the Bank's net income attributable to shareholders totaled $581.109 billion ($3.08 per share and US$1.37 per ADR), reflecting an increase of 81
SANTIAGO, Chile, Sept. 11, 2024 (GLOBE NEWSWIRE) -- You are cordially invited to participate in Banco Santander Chile's (NYSE:BSAC) conference call-webcast on Wednesday, October 30, 2024, at 11.00 AM (EST time) where we will discuss 3Q 2024 financial results. The Bank's Officers participating in the conference call are: Emiliano Muratore, CFO, Cristian Vicuña, Chief Strategy Officer & Head of IR and Carmen Gloria Silva, Economist. A question and answer session will follow the presentation. The Management Commentary report will be published on October 30, 2024, before the market opens. The quiet period begins on October 16. To participate, the webcast presentation can be viewed at
SANTIAGO, Chile, July 31, 2024 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE:BSAC, SSE: Bsantander))) announced today its results1 for the six-month period ended July 31, 2024, and second quarter 2024 (2Q24). ROAE2 of 20.7% in 2Q243 and 15.8% in 6M244. In the second quarter of 2024 (2Q24), the Bank's net income attributable to shareholders totaled $217,724 million ($1.16 per share and US$ 0.49 per ADR), reflecting an increase of 81.1% compared to the previous quarter, with an ROAE of 20.7%. As of June 30, 2024, the Bank's net income attributable to shareholders totaled $337,976 billion ($1.79 per share and US$0.76 per ADR), reflecting an increase of 28.6% compared to the same pe
SANTIAGO, Chile, July 11, 2024 (GLOBE NEWSWIRE) -- You are cordially invited to participate in Banco Santander Chile's (NYSE:BSAC) conference call-webcast on Friday, August 2, 2024, at 10.00 AM (New York Time) where we will discuss 2Q 2024 financial results. The Bank's Officers participating in the conference call are: Emiliano Muratore, CFO, Cristian Vicuña, Chief Strategy Officer & Head of IR and Carmen Gloria Silva, Economist. A question and answer session will follow the presentation. The Management Commentary report will be published on July 31, 2024, before the market opens. The quiet period begins on July 17.To participate, the webcast presentation can be viewed at: https://mm.closi
SANTIAGO, Chile, April 30, 2024 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE:BSAC, SSE: Bsantander))) announced today its results1 for the three-month period ended March 31, 2024, and first quarter 2024 (1Q24). Our CEO Strategy Update & 1Q24 results will be held on Tuesday, May 14, 2024 at 9.00am New York time. For more information please visit our website. ROAE2 of 11.2% in 1Q243 As of March 31, 2024, net income attributable to owners of the Bank totaled $120 billion ($0.64 per share and US$0.26 per ADR), reflecting a decrease of 11.4% compared to the same period from the previous year, along with an ROAE of 11.2%. This variation is due to several factors. On the one hand, th
SANTIAGO, Chile, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE:BSAC, SSE: Bsantander))) announced today its resultsi for the twelve-month period ended December 31, 2023, and fourth quarter 2023 (4Q23). ROAE of 16.6% in 4Q23 and 11.9% in 12M23, with a solid net contribution from business segments that increases 34.7%. As of December 31, 2023, net income attributable to shareholders reached Ch$496,404 million ($2.63 per share and US$ 01.20 per ADR), decreasing 38.6% compared to the same period last year and with an ROAE of 11.9%. This lower result was mainly due to the impacts perceived in the NIM produced by the deceleration of inflation during the year and higher interest
SANTIAGO, Chile, Jan. 08, 2024 (GLOBE NEWSWIRE) -- You are cordially invited to participate in Banco Santander Chile's (NYSE:BSAC) conference call-webcast on Friday, February 2, 2023, at 8.30 AM (New York Time) where we will discuss 4Q 2023 financial results. The Bank's Officers participating in the conference call are: Emiliano Muratore, CFO, Cristian Vicuña, Chief Strategy Officer & Head of IR and Claudio Soto, Chief Economist. A question and answer session will follow the presentation. The Management Commentary report will be published on February 2, 2023, before the market opens. The quiet period begins on January 22. To participate, the webcast presentation can be viewed at: https:/
SANTIAGO, Chile, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE:BSAC, SSE: Bsantander))) announced today its resultsi for the nine-month period ended September 30, 2023, and third quarter 2023 (3Q23). ROAE1 of 10,4% in 9M232, with a solid net contribution from business segments that increases 33.0%. As of September 30, 2023, net income attributable to shareholders reached Ch$319,486 million ($1.70 per share and US$ 0.76 per ADR), decreasing 54.8% compared to the same period last year and with an ROAE of 10.4%. This lower result was mainly due to the impacts perceived in the NIM3 produced by the deceleration of inflation, especially in the third quarter, and higher
SANTIAGO, Chile, Oct. 13, 2023 (GLOBE NEWSWIRE) -- You are cordially invited to participate in Banco Santander Chile's (NYSE:BSAC) conference call-webcast on Friday, November 3, 2023, at 10.00 AM (New York Time) where we will discuss 3Q 2023 financial results. The Bank's Officers participating in the conference call are: Emiliano Muratore, CFO, Cristian Vicuña, Chief Strategy Officer & Head of IR and Carmen Gloria Silva, Economist. A question and answer session will follow the presentation. The Management Commentary report will be published on October 31, 2023, before the market opens. The quiet period begins on October 17. To participate, the webcast presentation can be viewed at: https
SANTIAGO, Chile, July 31, 2023 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE:BSAC, SSE: Bsantander))) announced today its resultsi for the six-month period ended June 30, 2023, and second quarter 2023 (2Q23). Solid net contribution from business segments that increases 38.8%. The net contribution of our business segments continues to be very strong, increasing 38.8% YoY1. Specifically, the Retail Banking segment increased 21.0% YoY with total revenues increasing 20.8% YoY. The net contribution of the Middle-market segment increased 38.0% YoY, with an increase in total revenues of 21.6% YoY. Finally, the net contribution of our Corporate and Investment Banking (SCIB) unit grew 84.5%
Itau BBA analyst Jorge Perez upgrades Banco Santander Chile (NYSE:BSAC) from Market Perform to Outperform and announces $22 price target.
Banco Santander Chile (NYSE:BSAC) reported quarterly earnings of $0.43 per share which missed the analyst consensus estimate of $0.53 by 18.87 percent. This is a 72 percent increase over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $414.03 million which missed the analyst consensus estimate of $627.37 million by 34.01 percent. This is a 0.40 percent decrease over sales of $415.68 million the same period last year.
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Banco Santander Chile (NYSE:BSAC) is set to give its latest quarterly earnings report on Friday, 2024-02-02. Here's what investors need to know before the announcement. Analysts estimate that Banco Santander Chile will report an earnings per share (EPS) of $0.53. Banco Santander Chile bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.29, which was followed b
B of A Securities analyst Ernesto Gabilondo upgrades Banco Santander Chile (NYSE:BSAC) from Underperform to Buy and lowers the price target from $22 to $20.
Banco Santander Chile (NYSE:BSAC) reported quarterly earnings of $0.14 per share which missed the analyst consensus estimate of $0.43 by 67.44 percent. This is a 65.85 percent decrease over earnings of $0.41 per share from the same period last year. The company reported quarterly sales of $376.50 million which missed the analyst consensus estimate of $575.70 million by 34.60 percent. This is a 25.82 percent decrease over sales of $507.57 million the same period last year.
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Banco Santander Chile (NYSE:BSAC) is set to give its latest quarterly earnings report on Tuesday, 2023-10-31. Here's what investors need to know before the announcement. Analysts estimate that Banco Santander Chile will report an earnings per share (EPS) of $0.43. Banco Santander Chile bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company missed EPS by $0.02, which was followed by a 0
Upgrades Scotiabank upgraded the previous rating for Alliant Energy Corp (NASDAQ:LNT) from Sector Perform to Sector Outperform. In the second quarter, Alliant Energy showed an EPS of $0.64, compared to $0.63 from the year-ago quarter. At the moment, the stock has a 52-week-high of $57.52 and a 52-week-low of $45.15. Alliant Energy closed at $49.75 at the end of the last trading period. HSBC upgraded the previous rating for Dollar General Corp (NYSE:DG) from Reduce to Hold. In the second quarter, Dollar Gen showed an EPS of $2.13, compared to $2.98 from the year-ago quarter. The stock has a 52-week-high of $261.57 and a 52-week-low of $101.09. At the end of the last trading period, Dollar