Quarterly ResultApr 30, 2026, 04:08 PM
BSAC Q1 2026 Net Income +7.0% QoQ to $273B; ROAE 23.0%
AI Summary
BANCO SANTANDER CHILE reported solid financial performance in Q1 2026, with net income attributable to shareholders increasing 7.0% QoQ to $273 billion and ROAE rising to 23.0%. The bank approved a dividend of $3.35 per share, representing 60% of 2025 profits. Key drivers included higher financial transaction and fee income, lower operating expenses, and continued customer base expansion, with total customers growing 9.7% YoY. Despite a lower inflation environment impacting net interest margin, the bank maintained strong capital ratios and improved efficiency.
Key Highlights
- BSAC Q1 2026 net income attributable to shareholders $273B, +7.0% QoQ.
- ROAE increased to 23.0% in 1Q26 from 21.9% in 4Q25.
- Dividend of $3.35 per share (60% of 2025 profits) with 4.5% yield approved.
- Total customers grew 9.7% YoY, reaching almost 4.8 million.
- Efficiency ratio improved to 32.5% in 3M26 from 35.0% in 3M25.
- Net fee income increased 4.5% in 3M26, with recurrence at 68.9%.
- Consumer loans grew 4.2% YoY, driven by credit cards and auto financing.
- Total operating income increased 0.6% YoY to Ch$733,426 million.