Banco Santander-Chile (BSAC) 10-Year Financial Performance & Capital Metrics

BSAC • • Banking & Credit

Financial ServicesRegional BanksInternational & Latin American BankingLatin American Retail Banking

AboutBanco Santander-Chile, together with its subsidiaries, provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities 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, as well as mortgage financing services. It also provides mutual funds, insurance and securities brokerage, foreign exchange, financial leasing, factoring, financial consulting and advisory, investment management, foreign trade, 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, 2021, the company operated 326 branches, which include 220 under the Santander brand name, 14 under the Select brand name, 7 specialized branches for the middle market, and 22 as auxiliary and payment centers, as well as 1,338 ATMs, including depository ATMs. Banco Santander-Chile was incorporated in 1977 and is headquartered in Santiago, Chile.Show more

Net Interest Income $1786.79B +63.5%
Total Revenue $4903.23B -6.1%
Net Income $852.96B +47.2%
Return on Equity 15.98% +41.8%
Net Interest Margin 2.61% +69.9%
Efficiency Ratio 20.62% +20.1%
ROA 1.22% +47.2%
Equity / Assets 7.83% +4.7%
Book Value per Share 11375.04 +0.8%
Tangible BV/Share 11186.83 +1.0%
Debt/Equity 2.75 +15.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 20.6% efficiency ratio
✓Trading near 52-week high
✓Trading at only 0.0x book value

✗Weaknesses

✗High debt to equity ratio of 2.7x

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.71%

5Y11.77%

3Y13.27%

TTM-

Profit (Net Income) CAGR

10Y4.11%

5Y6.62%

3Y0.41%

TTM27.19%

EPS CAGR

10Y4.49%

5Y6.61%

3Y0.45%

TTM27.52%

ROCE

10Y Avg2.21%

5Y Avg1.67%

3Y Avg1.57%

Latest1.99%

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+	1.26T	1.28T	1.33T	1.41T	1.42T	1.59T	1.79T	1.57T	1.09T	1.79T
NII Growth %	-0.05%	0.02%	0.04%	0.07%	0%	0.12%	0.13%	-0.13%	-0.3%	0.63%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	2.09T	2.14T	2.06T	2.24T	2.32T	2.23T	2.9T	4.09T	4.4T	4.09T
Interest Expense	830.78B	855.68B	731.75B	829.95B	904.42B	638.48B	1.11T	2.52T	3.31T	2.31T
Loan Loss Provision	399.28B	342.08B	302.25B	317.41B	323.31B	478.26B	291.23B	356.49B	322.79B	504.59B
Non-Interest Income+	381.02B	391.82B	412.81B	398.88B	489.24B	443.48B	469.11B	633.81B	817.79B	808.42B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	2.47T	2.53T	2.47T	2.64T	2.81T	2.68T	3.37T	4.72T	5.22T	4.9T
Revenue Growth %	-0.04%	0.03%	-0.02%	0.07%	0.06%	-0.05%	0.26%	0.4%	0.11%	-0.06%
Non-Interest Expense	708.83B	743.64B	719.78B	732.78B	788.2B	863.8B	898.56B	946.32B	896.67B	1.01T
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	528.12B	587.46B	717.46B	763.07B	794.69B	695.26B	1.07T	901.11B	691.38B	1.08T
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.16%	0.11%	0.22%	0.06%	0.04%	-0.13%	0.54%	-0.16%	-0.23%	0.56%
Pretax Income+	528.12B	587.46B	717.46B	763.07B	794.69B	695.26B	1.07T	901.11B	691.38B	1.08T
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	76.39B	109.03B	145.03B	167.14B	175.07B	142.53B	221.66B	93.62B	97.55B	219.75B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	448.47B	476.07B	562.8B	595.33B	619.09B	547.61B	842.47B	792.28B	579.43B	852.96B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.21%	0.06%	0.18%	0.06%	0.04%	-0.12%	0.54%	-0.06%	-0.27%	0.47%
Net Income (Continuing)	451.73B	478.43B	572.43B	595.92B	619.61B	552.73B	852.43B	807.48B	593.84B	859.85B
EPS (Diluted)+	952.00	1004.00	1200.00	1256.00	1316.00	1164.00	1788.00	1680.00	1052.00	1812.00
EPS Growth %	-0.18%	0.05%	0.2%	0.05%	0.05%	-0.12%	0.54%	-0.06%	-0.37%	0.72%
EPS (Basic)	952.00	1004.00	1200.00	1256.00	1316.00	1164.00	1788.00	1680.00	1052.00	1812.00
Diluted Shares Outstanding	471.12M	471.12M	471.12M	471.12M	471.12M	471.12M	471.12M	471.12M	471.12M	471.12M

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	3.44T	3.17T	2.45T	2.59T	4.22T	3.87T	5.26T	5.27T	5.78T	5.12T
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	28.27T	7.25T	5.71T	35.02T	8.64T	14.67T	56.55T	17.02T	17.71T	61.43T
Investments Growth %	5.79%	-0.74%	-0.21%	5.13%	-0.75%	0.7%	2.85%	-0.7%	0.04%	2.47%
Long-Term Investments	26.23T	3.86T	3.14T	32.55T	4.36T	7.37T	50.68T	10.98T	12.97T	58.94T
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	51.14B	58.09B	63.22B	66.92B	73.39B	82.54B	95.41B	107.79B	97.55B	88.67B
PP&E (Net)	240.66B	257.38B	242.55B	253.59B	408.33B	388.85B	374.82B	371.89B	352.27B	312.64B
Other Assets	435.9B	-372.7B	-371.09B	136.02B	-462.87B	0	226.65B	-641.25B	-553.48B	81.86B
Total Current Assets	7.36T	8.21T	6.67T	5.73T	8.78T	11.37T	11.76T	11.81T	10.9T	8.98T
Total Non-Current Assets	27.28T	4.18T	3.45T	33.4T	4.84T	7.84T	52.09T	11.46T	13.42T	59.42T
Total Assets+	34.64T	37.01T	35.8T	39.13T	50.57T	55.7T	63.84T	68.42T	71.09T	68.4T
Asset Growth %	0.13%	0.07%	-0.03%	0.09%	0.29%	0.1%	0.15%	0.07%	0.04%	-0.04%
Return on Assets (ROA)	0.01%	0.01%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	258.9B	305.78B	370.24B	344.06B	375.71B	376.22B	607.95B	603.01B	492.28B	528.72B
Total Debt+	7.43T	9.27T	8.81T	10.17T	13.6T	14.69T	10.38T	10.9T	12.71T	14.73T
Net Debt	3.99T	6.1T	6.36T	7.58T	9.37T	10.83T	5.12T	5.63T	6.93T	9.61T
Long-Term Debt	7.29T	9.27T	8.81T	9.95T	13.44T	14.55T	10.15T	10.45T	12.32T	14.38T
Short-Term Debt	143.69B	0	0	48.55B	0	0	86.63B	315.36B	282.58B	276.59B
Other Liabilities	4.52T	0	0	3.51T	0	0	21.69T	0	0	17.92T
Total Current Liabilities	20.03T	175.8B	210.84B	22.24T	223.73B	241.43B	27.02T	442.67B	513B	30.69T
Total Non-Current Liabilities	11.81T	9.28T	8.82T	13.65T	13.7T	14.83T	32.39T	10.94T	12.62T	32.36T
Total Liabilities	31.84T	34.11T	32.7T	35.89T	47.1T	52T	59.41T	63.46T	65.77T	63.04T
Total Equity+	2.8T	2.9T	3.11T	3.25T	3.48T	3.7T	4.43T	4.96T	5.32T	5.36T
Equity Growth %	0.06%	0.03%	0.07%	0.04%	0.07%	0.07%	0.2%	0.12%	0.07%	0.01%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.16%	0.17%	0.19%	0.19%	0.18%	0.15%	0.21%	0.17%	0.11%	0.16%
Book Value per Share	5948.77	6151.46	6597.24	6888.89	7383.55	7863.84	9398.07	10536.59	11287.23	11375.04
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	891.3B	891.3B	891.3B	891.3B	891.3B	891.3B	891.3B	891.3B	891.3B	891.3B
Additional Paid-in Capital	891.3B	0	0	891.3B	0	0	0	0	0	0
Retained Earnings	351.89B	330.65B	395.37B	373.62B	393.68B	410.5B	647.07B	679.44B	537.46B	499.17B
Accumulated OCI	637.88B	1.65T	1.78T	1.04T	2.11T	2.32T	2.2T	2.69T	3.16T	3.17T
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+	687.8B	736.15B	-416.36B	1.02T	1.86T	-819.99B	-3.19T	-358.99B	-2.17T	482.39B
Operating CF Growth %	1.44%	0.07%	-1.57%	3.46%	0.81%	-1.44%	-2.89%	0.89%	-5.03%	1.22%
Net Income	451.73B	478.43B	575.25B	599.69B	621.31B	215.99B	842.47B	792.28B	496.4B	852.96B
Depreciation & Amortization	53.61B	65.36B	77.82B	79.28B	106.09B	109.43B	122.06B	129.99B	143.76B	141.44B
Deferred Taxes	-45.67B	-37.27B	-6.75B	-25.52B	37.43B	-28.46B	0	-52.18B	0	12.66B
Other Non-Cash Items	1.16T	1.43T	47.98B	1.24T	1.61T	-417.48B	592.28B	-304.13B	-175.53B	-994.43B
Working Capital Changes	-934.69B	-1.2T	-1.11T	-867.54B	-516.45B	-697.87B	-4.74T	-923.77B	-2.63T	470.59B
Cash from Investing+	-92.86B	-90.2B	-73.46B	-91.56B	-141.79B	-70.11B	-84.27B	-94.6B	-100.08B	-106.58B
Purchase of Investments	-302M	-1.12B	-3M	0	-62.14B	-3.02T	0	-647.48B	0	0
Sale/Maturity of Investments	0	0	0	0	1000K	1000K	0	1000K	0	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-302M	-1.12B	-3M	0	0	7.57B	0	18.69B	0	0
Other Investing	-27.15B	-25.6B	-14.68B	-23.24B	-24.19B	15.68B	-26.28B	18.69B	-43.42B	-43.42B
Cash from Financing+	-330.2B	-336.66B	-330.64B	-423.61B	-385.29B	102.09B	2.83T	-384.32B	2.95T	-372.85B
Dividends Paid	-330.2B	-336.66B	-330.64B	-423.61B	-355.14B	-331.25B	-310.47B	-464.98B	-485.19B	-347.48B
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)	0	0	0	0	-1000K	1000K	1000K	1000K	1000K	-1000K
Other Financing	0	0	0	0	0	0	2.59T	0	3T	0
Net Change in Cash+	468.17B	159.03B	-851.86B	621.81B	1.46T	-816.71B	-2.73B	-812.01B	680.84B	10.28B
Exchange Rate Effect	1000K	-1000K	-1000K	1000K	1000K	-1000K	1000K	1000K	-1000K	1000K
Cash at Beginning	1.86T	2.33T	2.49T	1.63T	2.26T	3.71T	2.89T	2.89T	2.08T	2.76T
Cash at End	2.33T	2.49T	1.63T	2.26T	3.71T	2.89T	2.89T	2.08T	2.76T	2.77T
Interest Paid	0	0	0	0	0	0	1.11T	0	4.11T	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	595.11B	646.52B	-507.75B	924.6B	1.77T	-905.78B	-3.24T	-472.28B	-2.22T	374.67B
FCF Growth %	2.04%	0.09%	-1.79%	2.82%	0.91%	-1.51%	-2.58%	0.85%	-3.7%	1.17%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	16.47%	16.7%	18.74%	18.74%	18.41%	15.25%	20.72%	16.87%	11.27%	15.98%
Return on Assets (ROA)	1.38%	1.33%	1.55%	1.59%	1.38%	1.03%	1.41%	1.2%	0.83%	1.22%
Net Interest Margin	3.62%	3.46%	3.71%	3.61%	2.8%	2.86%	2.81%	2.29%	1.54%	2.61%
Efficiency Ratio	28.73%	29.41%	29.13%	27.72%	28.04%	32.28%	26.63%	20.05%	17.17%	20.62%
Equity / Assets	8.09%	7.83%	8.68%	8.29%	6.88%	6.65%	6.94%	7.25%	7.48%	7.83%
Book Value / Share	5.95K	6.15K	6.6K	6.89K	7.38K	7.86K	9.4K	10.54K	11.29K	11.38K
NII Growth	-4.7%	2.08%	3.54%	6.61%	0.18%	12.48%	12.61%	-12.52%	-30.38%	63.47%
Dividend Payout	73.63%	70.72%	58.75%	71.16%	57.36%	60.49%	36.85%	58.69%	83.74%	40.74%

Frequently Asked Questions

Valuation & Price

Banco Santander-Chile (BSAC) 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 Santander-Chile (BSAC) saw revenue decline by 6.1% over the past year.

Yes, Banco Santander-Chile (BSAC) is profitable, generating $1.07T in net income for fiscal year 2024 (17.4% net margin).

Dividend & Returns

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

Banco Santander-Chile (BSAC) has a return on equity (ROE) of 16.0%. This is reasonable for most industries.

Industry Metrics

Banco Santander-Chile (BSAC) has a net interest margin (NIM) of 2.6%. NIM has been under pressure due to interest rate environment.

Banco Santander-Chile (BSAC) has an efficiency ratio of 20.6%. This is excellent, indicating strong cost control.

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