Quarterly ResultJul 29, 2026, 08:05 AM
Banco Santander Chile Q2 Net Income +40% to $383B; ROAE 31.5%
AI Summary
Banco Santander Chile reported strong financial performance for Q2 2026 and the first six months of 2026. Net income attributable to owners surged 40.0% quarter-over-quarter to $383 billion in Q2, with ROAE reaching 31.5%. For the six-month period, net income grew 19.2% year-over-year to $656 billion, achieving a 27.2% ROAE. The bank also demonstrated improved efficiency, significant customer base expansion, and solid loan and deposit growth, supported by higher inflation-indexed income and effective cost control.
Key Highlights
- Q2 2026 net income attributable to owners increased 40.0% QoQ to $383 billion.
- Return on Average Equity (ROAE) reached 31.5% in Q2 2026, up from 23.0% in 1Q26.
- Six-month net income attributable to owners totaled $656 billion, up 19.2% YoY.
- Efficiency ratio improved to 30.8% in Q2 2026 and 31.6% for 6M 2026.
- Total loans grew 1.3% QoQ, driven by commercial and mortgage loans.
- Total deposits increased 4.5% QoQ, with time deposits up 7.0% QoQ.
- Customer base expanded 6.9% YoY, reaching over 4.8 million customers.
- Maintained a solid CET1 ratio of 11.1% and BIS ratio of 16.6%.
Price Impact
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