Banco Santander Chile BSAC

FinancialsBanking ServicesChile

Last close 31.59 USD on Nov 2, 2026, +6.2% year to date

Quant rating

Quant rating C Rank 150 of 304 in Financials

Growth B 83 of 304
Valuation B 54 of 304
Quality C 124 of 304
Revisions D 222 of 304
Momentum C 195 of 304

Wall Street consensus Hold (2.86)Average target 37.16 USD +17.6%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 14.9B
Enterprise value: 28.2B
52-week range: 28.30 – 37.69
3-year range: 17.60 – 37.69
Dividend yield: 4.85%
Beta (5 years): 0.60
Shares outstanding: 188,446M
Next earnings: Oct 30, 2026

About the company

Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank's segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations. The Global Corporate Banking segment consists of foreign and domestic multinational companies. The Corporate Activities segment includes its Financial Management Division, which develops global management functions. It provides a range of commercial and retail banking services to its customers, including Chilean peso and foreign currency denominated loans to finance a range of commercial transactions, trade, foreign currency forward contracts and credit lines and a range of retail banking services, including mortgage financing. In addition to its traditional banking operations, the Bank offers a range of financial services.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	4,220	4,125	5,001	4,820	2,776	–
Revenue growth	2.3%	−17.5%	3.8%	73.7%	−11.8%	6.1%
EPS (basic, normalized)	0.01	0.00	0.00	0.01	0.00	–
EPS growth	39.1%	57.6%	−41.7%	3.7%	25.5%	10.7%
Gross margin	–	–	–	–	–	–
Net margin	27.7%	20.9%	11.3%	19.8%	33.0%	22.5%
ROE	–	19.8%	12.0%	21.6%	21.2%	18.7%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Tier 1 risk-adjusted capital ratio	–
Long-term debt (mil)	10,011
Net debt (mil)	–
Total equity (mil)	5,390
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	4,220	+2.3%	6.7x	–	–	–	2.35	+21.9%	13.4x
2026	3,191	−24.4%	8.8x	12.40	–	2.5x	2.88	+22.6%	10.9x
2027	3,424	+7.3%	8.2x	13.87	+11.8%	2.3x	2.98	+3.4%	10.6x
2028	3,668	+7.1%	7.7x	10.01	−27.8%	3.2x	3.20	+7.3%	9.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	3,191	−1.5%	−1.9%	−5.0%	2.88	0.0%	+2.6%	+5.5%
2027	3,424	−1.9%	−3.4%	−5.8%	2.98	−1.8%	−2.8%	−3.5%
2028	3,668	−1.2%	−2.5%	−4.7%	3.20	−2.0%	−2.9%	−2.0%

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	579	700	747	754	758	778	742	766	824	927
Sales mean (mil)	648	686	726	748	913	846	801	754	736	839
Surprise	−10.6%	+2.1%	+2.9%	+0.8%	−17.0%	−8.0%	−7.3%	+1.5%	+12.0%	+10.5%
EPS reported	0.27	0.50	0.55	0.61	0.59	0.59	0.54	0.58	0.66	0.90
EPS mean	0.36	0.49	0.67	0.70	0.58	0.61	0.61	0.60	0.64	0.74
Surprise	−24.2%	+0.4%	−17.7%	−13.4%	+2.3%	−3.7%	−11.9%	−3.9%	+2.9%	+21.9%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
BSAC Banco Santander Chile	14.9B	–	27.7%	0.77x	10.9x	10.6x	2.5x	2.3x
ITUB4 Itau Unibanco Holding SA	83.9B	14.0%	17.6%	1.08x	7.8x	7.1x	1.8x	1.7x
BBDC4 Banco Bradesco S.A.	27.6B	13.7%	11.1%	1.15x	5.3x	4.9x	0.8x	0.8x
ITSA4 Itausa SA	26.3B	–	199.9%	–	6.7x	6.1x	–	–
BBVA Banco Bilbao Vizcaya Argentaria, S.a	132.7B	14.4%	17.3%	1.21x	10.4x	9.1x	2.0x	1.9x
NU Nu Holdings Ltd.	56.1B	–	18.2%	–	13.4x	10.3x	3.6x	2.7x
Mean		14.0%	48.6%	1.05x	9.1x	8.0x	2.2x	1.8x
Median		14.0%	17.9%	1.11x	9.1x	8.1x	2.0x	1.9x

Technical analysis

1M−1.3%
3M−8.7%
1Y+15.2%
3Y+102.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Banco Santander Chile, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	4,220	4,125	5,001	4,820	2,776	3,145
Total interest expense	1,978	2,293	3,728	2,935	663	900
Net interest income	2,242	1,832	1,274	1,885	2,113	2,246
Loan loss provision	737	526	529	386	288	720
Net interest income after loan loss provision	1,505	1,306	745	1,499	1,825	1,526
Non-interest income	1,520	1,272	1,472	1,145	875	916
Non-interest expense	−1,604	−1,496	−1,572	−1,566	−1,542	−1,520
Net income before taxes	1,420	1,082	644	1,077	1,157	921
Provision for taxes	231	211	64.0	105	230	185
Minority interest & equity in affiliates	−18.2	−6.9	−16.4	−17.9	−11.7	−7.2
Other	0	0	0	0	0	0
Net income before extraordinary items	1,171	864	564	954	915	729
Extraordinary items	–	–	–	–	–	–
Net income	1,171	864	564	954	915	729
Basic weighted average shares (mil)	188,446	188,446	188,446	188,446	188,446	188,446
Diluted weighted average shares (mil)	188,446	188,446	188,446	188,446	188,446	188,446
Basic EPS excluding extraordinary items	0.01	0.00	0.00	0.01	0.00	0.00
Basic EPS, normalized	0.01	0.00	0.00	0.01	0.00	0.00

Balance sheet in millions of USD, fiscal years

Balance sheet, Banco Santander Chile, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	3,365	2,954	3,105	2,869	2,288	3,453
Other earning assets	12,500	10,073	16,791	14,791	15,245	24,417
Net loans	43,944	40,377	44,958	44,421	41,793	47,078
Property, plant & equipment	303	315	400	439	440	548
Goodwill	–	–	–	–	–	–
Intangibles	102	89.3	111	127	112	116
Long-term investments	74.5	60.2	62.8	54.9	44.3	15.2
Other long-term assets	632	515	535	408	519	790
Other assets	14,790	14,586	14,504	17,293	14,326	2,169
Total assets	75,712	68,969	80,467	80,402	74,768	78,586
Liabilities
Accounts payable	1,687	826	1,236	1,360	809	510
Payable/accrued	–	–	–	–	–	–
Accrued expenses	–	–	–	–	–	–
Total deposits	33,989	31,593	33,700	31,924	32,936	35,425
Other bearing liabilities	–	–	–	–	–	–
Short-term borrowings	3,063	279	321	372	102	1,687
Current portion of long-term debt	5,939	6,272	13,690	4,826	5,392	3,773
Long-term debt	9,600	9,185	10,374	17,331	15,920	17,173
Minority interest	133	105	142	129	111	119
Other liabilities	16,052	16,385	16,045	19,590	15,228	14,872
Total liabilities	70,464	64,645	75,508	75,532	70,497	73,559
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	991	898	1,012	1,051	1,047	1,256
Additional paid-in capital	–	–	–	–	–	–
Retained earnings (accumulated deficit)	4,336	3,534	3,953	4,016	3,640	3,810
Treasury stock	–	–	–	–	–	–
Other equity	−79.1	−108	−6.0	−197	−416	−38.9
Total equity	5,248	4,324	4,959	4,870	4,271	5,027
Total liabilities & shareholders' equity	75,712	68,969	80,467	80,402	74,768	78,586

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Banco Santander Chile, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	1,420	1,082	644	1,077	1,157	736
Depreciation, depletion & amortization	150	142	163	153	143	154
Deferred taxes	–	–	–	–	–	–
Non-cash items	−2,754	−2,203	−1,931	−2,250	−2,276	−2,608
Changes in working capital	1,708	2,013	2,068	1,497	−1,201	550
Cash from operations	525	1,035	944	478	−2,176	−1,167
Investing activities
Capital expenditures	−125	−91.0	−116	−116	−89.4	−97.9
Other investing cash flows	90.2	17.1	1.9	5.7	−5.9	10.7
Cash from investing	−34.5	−73.9	−114	−110	−95.2	−87.2
Financing activities
Financing cash flow items	–	–	–	–	–	–
Cash dividends paid	−667	−350	−551	−548	−365	−467
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−569	−608	495	−807	2,119	611
Cash from financing	−1,236	−958	−55.5	−1,356	1,754	144
Foreign exchange effects	−8.1	7.4	−2.0	30.6	514	−40.4
Net change in cash	−754	10.4	773	−958	−3.2	−1,151
Free cash flow	400	944	829	362	−2,265	−1,265

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.