Banco de Chile (BCH) 10-Year Financial Performance & Capital Metrics

BCH • • Banking & Credit

Financial ServicesRegional BanksInternational & Latin American BankingLatin American Retail Banking

AboutBanco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. It operates through Retail Banking, Wholesale Banking, and Treasury and Money Market segments. The company offers deposit products, such as checking accounts, current accounts, demand deposits and accounts, saving accounts, and time deposits; commercial, mortgage, consumer, working capital, syndicated, and installment loans; and credit cards. It also provides leasing, factoring, and foreign trade services; international and treasury banking services; and financial advisory services. In addition, the company offers liquidity management services, debt instruments, and derivative contracts and leases, as well as financial transaction and currency trading services; and securities brokerage, mutual funds management, wholesale customer, investment banking and management, and insurance brokerage services. As of December 31, 2021, it operated through a network of 272 branches and 1,761 ATMs. The company serves individuals, small and medium-sized companies, corporate clients, and large companies. Banco de Chile was founded in 1893 and is headquartered in Santiago, Chile.Show more

Net Interest Income $2162.76B +12.6%
Total Revenue $4647.95B -8.8%
Net Income $1248.48B -9.1%
Return on Equity 19.84% -16.9%
Net Interest Margin 4.15% +20.5%
Efficiency Ratio 23.79% +13.4%
ROA 2.32% -6.6%
Equity / Assets 12.5% +14.5%
Book Value per Share 12878.80 +7.0%
Tangible BV/Share 12498.74 +6.8%
Debt/Equity 1.85 -3.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 24.0%
✓Strong 5Y profit CAGR of 15.6%
✓Strong NIM of 4.2%
✓Efficient operations: 23.8% efficiency ratio
✓Well capitalized: 12.5% equity/assets
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.62%

5Y11.21%

3Y15.34%

TTM-

Profit (Net Income) CAGR

10Y7.68%

5Y15.64%

3Y5.73%

TTM-11.18%

EPS CAGR

10Y7.48%

5Y15.28%

3Y15.04%

TTM-14.03%

ROCE

10Y Avg5.56%

5Y Avg5.71%

3Y Avg6.65%

Latest6.52%

Peer Comparison

Latin American Retail Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FBPFirst BanCorp.	3.39B	21.44	11.85	6.16%	25.04%	16.62%	11.64%	0.34
OFGOFG Bancorp	1.84B	41.92	9.91	13%	24.09%	14.59%	11.44%	0.34
BSBRBanco Santander (Brasil) S.A.	46.17B	6.18	7.10	6.31%	10.36%	7.84%		1.13
BAPCredicorp Ltd.	25.3B	318.78	4.61	6.4%	20.38%	17.35%	53.01%	1.07
IFSIntercorp Financial Services Inc.	5.01B	45.00	3.95	0.75%	14.68%	16.41%		1.08
INTRInter & Co, Inc.	2.63B	8.15	3.94	27.12%	9.34%	12.37%	100%	1.31
BBDBanco Bradesco S.A.	18.54B	3.51	2.15	-2%	6.91%	12.1%		4.08
ITUBItaú Unibanco Holding S.A.	40.24B	7.44	1.97	6.27%	12.61%	19.74%		4.09

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	1.23T	1.23T	1.23T	1.32T	1.37T	1.32T	1.57T	2.27T	1.92T	2.16T
NII Growth %	-0.02%	-0%	0.01%	0.07%	0.04%	-0.04%	0.2%	0.44%	-0.15%	0.13%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	1.91T	1.92T	1.89T	2T	2.11T	1.88T	2.39T	4.47T	4.04T	3.77T
Interest Expense	680.17B	690.26B	652B	679.64B	742.27B	560.01B	814.45B	2.2T	2.12T	1.61T
Loan Loss Provision	246.22B	259.26B	221.25B	249.77B	331.6B	551.76B	18.17B	404.12B	204.7B	351.7B
Non-Interest Income+	429.54B	486.1B	447.58B	500.89B	619.36B	610.32B	640.85B	845.17B	1.05T	876.9B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	2.34T	2.4T	2.33T	2.5T	2.73T	2.49T	3.03T	5.31T	5.09T	4.65T
Revenue Growth %	-0.05%	0.03%	-0.03%	0.07%	0.09%	-0.09%	0.22%	0.75%	-0.04%	-0.09%
Non-Interest Expense	719.38B	778.3B	773.58B	808.7B	881.63B	870.51B	864.42B	972.17B	1.07T	1.11T
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	692.23B	675.26B	687.44B	763.4B	777.41B	504.85B	1.33T	1.74T	1.7T	1.58T
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.03%	-0.02%	0.02%	0.11%	0.02%	-0.35%	1.64%	0.3%	-0.02%	-0.07%
Pretax Income+	692.23B	675.26B	687.44B	763.4B	777.41B	504.85B	1.33T	1.74T	1.7T	1.58T
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	82.32B	100.21B	115.36B	159.77B	173.66B	103.22B	275.97B	289.21B	322.11B	333.6B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	609.9B	575.05B	572.08B	603.63B	603.74B	401.63B	1.06T	1.45T	1.37T	1.25T
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.02%	-0.06%	-0.01%	0.06%	0%	-0.33%	1.63%	0.37%	-0.05%	-0.09%
Net Income (Continuing)	609.9B	575.05B	572.08B	603.63B	603.75B	401.63B	1.06T	1.45T	1.37T	1.25T
EPS (Diluted)+	1200.00	1078.00	1132.00	1178.00	1174.00	796.00	1570.00	2862.00	2720.00	2390.00
EPS Growth %	0.03%	-0.1%	0.05%	0.04%	-0%	-0.32%	0.97%	0.82%	-0.05%	-0.12%
EPS (Basic)	1200.00	1078.00	1132.00	1178.00	1174.00	796.00	1570.00	2862.00	2720.00	2390.00
Diluted Shares Outstanding	508.35M	512.31M	505.09M	505.09M	505.09M	505.09M	505.09M	505.09M	505.09M	505.09M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	1.91T	1.79T	1.49T	1.51T	3.2T	2.96T	4.04T	3.54T	4.98T	3.07T
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	27.6T	27.39T	28.61T	31.45T	33.12T	35.23T	40.48T	44.24T	39.27T	44.47T
Investments Growth %	0.09%	-0.01%	0.04%	0.1%	0.05%	0.06%	0.15%	0.09%	-0.11%	0.13%
Long-Term Investments	26.6T	27.01T	27.08T	30.39T	31.76T	34.16T	37.42T	40.27T	37.47T	42.41T
Accounts Receivables	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	16.71B	16.71B	16.71B	16.71B	16.71B	16.71B	16.71B	16.71B	16.71B	16.71B
Intangible Assets	47.99B	48.32B	55.74B	68.76B	75B	77.4B	89.23B	123.32B	153.9B	175.25B
PP&E (Net)	333B	322.16B	344.24B	317.72B	510.32B	422.38B	416.97B	399.97B	468.53B	448.55B
Other Assets	975.53B	1.53T	1.72T	1.95T	2.13T	4.88T	4.28T	4.1T	7.89T	591.77B
Total Current Assets	2.96T	2.25T	3.18T	2.68T	6.29T	5.7T	8.92T	9.83T	9.4T	8.09T
Total Non-Current Assets	28.1T	29.11T	29.38T	32.92T	34.72T	39.85T	42.5T	45.28T	46.32T	43.96T
Total Assets+	31.06T	31.36T	32.56T	35.6T	41.01T	45.55T	51.43T	55.11T	55.72T	52.06T
Asset Growth %	0.13%	0.01%	0.04%	0.09%	0.15%	0.11%	0.13%	0.07%	0.01%	-0.07%
Return on Assets (ROA)	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.02%	0.03%	0.02%	0.02%
Accounts Payable	121.39B	146.35B	190.15B	176.83B	231.47B	273.14B	322.22B	379.54B	336.94B	420.26B
Total Debt+	7.82T	7.43T	7.88T	9.3T	10.83T	9.56T	9.27T	10.62T	11.67T	12.06T
Net Debt	5.91T	5.64T	6.39T	7.79T	7.63T	6.6T	5.23T	7.09T	6.69T	8.99T
Long-Term Debt	7.63T	7.22T	7.68T	8.99T	10.38T	9.15T	9.07T	10.32T	11.41T	11.86T
Short-Term Debt	184.13B	216.82B	195.39B	303.82B	308.73B	288.92B	95.01B	216.26B	158.62B	110.64B
Other Liabilities	1.7T	1.59T	1.96T	2.21T	3.74T	7.58T	9.27T	10.72T	8.42T	4.09T
Total Current Liabilities	18.54T	19.24T	19.37T	20.72T	22.72T	24.63T	28.1T	28.55T	29.73T	29.53T
Total Non-Current Liabilities	9.34T	8.81T	9.65T	11.21T	14.39T	16.93T	18.51T	21.12T	19.91T	16.02T
Total Liabilities	27.88T	28.05T	29.02T	31.93T	37.11T	41.55T	46.61T	49.68T	49.64T	45.55T
Total Equity+	3.18T	3.31T	3.55T	3.67T	3.91T	4T	4.82T	5.43T	6.08T	6.5T
Equity Growth %	0.09%	0.04%	0.07%	0.04%	0.06%	0.02%	0.21%	0.13%	0.12%	0.07%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.2%	0.18%	0.17%	0.17%	0.16%	0.1%	0.24%	0.28%	0.24%	0.2%
Book Value per Share	6246.36	6456.38	7019.30	7273.46	7732.87	7913.67	9540.91	10753.50	12041.42	12878.80
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	2.04T	2.14T	2.27T	2.42T	2.42T	2.42T	2.42T	2.42T	2.42T	2.42T
Additional Paid-in Capital	2.04T	2.14T	2.27T	2.42T	0	0	0	0	0	0
Retained Earnings	674.89B	640.04B	637.07B	601.64B	754.46B	794.82B	1.69T	2.33T	2.8T	3.11T
Accumulated OCI	-1.58T	-1.61T	-1.63T	-1.77T	732.47B	783.43B	707.8B	679.94B	859.71B	980.51B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.64T	162.54B	872.56B	-1.33T	1.39T	-2.47T	3.01T	128.61B	1.73T	396.64B
Operating CF Growth %	-6.5%	1.1%	4.37%	-2.53%	2.04%	-2.78%	2.22%	-0.96%	12.42%	-0.77%
Net Income	609.9B	575.05B	572.08B	603.63B	603.75B	401.63B	1.06T	1.45T	1.37T	1.25T
Depreciation & Amortization	31.82B	35.58B	37.54B	37.68B	70.54B	73.36B	76.8B	84.2B	92.31B	94.6B
Deferred Taxes	-34.95B	-35.2B	14.31B	11.44B	-58.73B	-58.9B	20.16B	-91B	44.55B	0
Other Non-Cash Items	-112.04B	174.78B	262.74B	362.75B	557.31B	937.23B	-381.47B	-288.34B	409.62B	2.87T
Working Capital Changes	-2.13T	-587.66B	-14.11B	-2.35T	216.1B	-3.83T	2.23T	-1.02T	-194.72B	-3.82T
Cash from Investing+	567.45B	523.28B	-1.18T	416.53B	-396.74B	210.31B	-2.99T	-847.82B	-346.5B	-58.34B
Purchase of Investments	-314M	-1.13B	0	0	0	0	0	0	0	0
Sale/Maturity of Investments	0	0	0	0	0	0	0	0	0	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-314M	-1.13B	0	0	-671M	0	-7.85B	0	0	0
Other Investing	599.55B	553.36B	-1.16T	444.6B	-350.83B	239.62B	-2.94T	-826.58B	-319.76B	-41.12B
Cash from Financing+	1.21T	-711.6B	132.66B	644.97B	802.44B	1.46T	1.38T	-161.8B	-1.56T	-1.56T
Dividends Paid	-367.44B	-366.65B	-342.03B	-374.08B	-356.31B	-350.54B	-220.27B	-539.83B	-866.93B	-815.93B
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K
Other Financing	-9.6B	-471.69B	109.61B	-8.75B	42.66B	2.16T	1.28T	94.13B	-47.13B	-346.63B
Net Change in Cash+	219.7B	-54.67B	-216.81B	-157.12B	1.83T	-834.84B	1.72T	-843B	-161.1B	-1.05T
Exchange Rate Effect	1000K	-1000K	-1000K	1000K	1000K	-1000K	1000K	1000K	1000K	1000K
Cash at Beginning	1.49T	1.71T	1.66T	1.44T	1.28T	3.11T	2.28T	4T	3.15T	5.54T
Cash at End	1.71T	1.66T	1.44T	1.28T	3.11T	2.28T	4T	3.15T	2.99T	4.49T
Interest Paid	335.71B	737.39B	753.38B	400.69B	460.12B	505.56B	262.89B	1.34T	1.43T	1.57T
Income Taxes Paid	13.66B	18.01B	0	0	6.51B	70.69B	0	0	0	0
Free Cash Flow+	-1.68T	123.47B	830.56B	-1.39T	1.32T	-2.52T	2.94T	50.49B	1.64T	379.42B
FCF Growth %	-5.57%	1.07%	5.73%	-2.67%	1.95%	-2.91%	2.17%	-0.98%	31.47%	-0.77%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	20.04%	17.74%	16.7%	16.72%	15.93%	10.16%	23.96%	28.21%	23.87%	19.84%
Return on Assets (ROA)	2.08%	1.84%	1.79%	1.77%	1.58%	0.93%	2.18%	2.71%	2.48%	2.32%
Net Interest Margin	3.95%	3.91%	3.79%	3.71%	3.34%	2.89%	3.06%	4.11%	3.45%	4.15%
Efficiency Ratio	30.77%	32.39%	33.14%	32.33%	32.26%	35%	28.54%	18.3%	20.99%	23.79%
Equity / Assets	10.22%	10.55%	10.89%	10.32%	9.52%	8.77%	9.37%	9.86%	10.92%	12.5%
Book Value / Share	6.25K	6.46K	7.02K	7.27K	7.73K	7.91K	9.54K	10.75K	12.04K	12.88K
NII Growth	-2.27%	-0.13%	0.65%	6.99%	3.81%	-3.97%	19.53%	43.97%	-15.24%	12.6%
Dividend Payout	60.25%	63.76%	59.79%	61.97%	59.02%	87.28%	20.85%	37.34%	63.09%	65.35%

Revenue by Segment

	2020	2021	2022	2023	2024
Retail Member	-	-	1.79T	1.82T	1.9T
Retail Member Growth	-	-	-	1.55%	4.45%
RetailSegmentMember	1.23T	1.38T	-	-	-
RetailSegmentMember Growth	-	11.80%	-	-	-
WholesaleMember	482.19B	621.47B	-	-	-
WholesaleMember Growth	-	28.89%	-	-	-
SubsidiaryMember	177.93B	196.15B	-	-	-
SubsidiaryMember Growth	-	10.24%	-	-	-
TreasuryAndMoneyMarketOperationsMember	68.55B	56.67B	-	-	-
TreasuryAndMoneyMarketOperationsMember Growth	-	-17.32%	-	-	-
ReclassificationsAndAdjustmentsToConformIFRSMember	-	-17.03B	-	-	-
ReclassificationsAndAdjustmentsToConformIFRSMember Growth	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Banco de Chile (BCH) has a price-to-earnings (P/E) ratio of 0.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Banco de Chile (BCH) saw revenue decline by 8.8% over the past year.

Yes, Banco de Chile (BCH) is profitable, generating $1.27T in net income for fiscal year 2024 (26.9% net margin).

Dividend & Returns

Yes, Banco de Chile (BCH) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.

Banco de Chile (BCH) has a return on equity (ROE) of 19.8%. This is reasonable for most industries.

Industry Metrics

Banco de Chile (BCH) has a net interest margin (NIM) of 4.2%. This indicates healthy earnings from lending activities.

Banco de Chile (BCH) has an efficiency ratio of 23.8%. This is excellent, indicating strong cost control.

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