Banco Santander Chile (NYSE: BSAC) reported net income attributable to shareholders of Ch$1,053,000 million for 12M25, up 22.8% YoY, with a ROAE of 23.5%. Operating income rose 10.2% YoY and net interest income increased 10.9% YoY, supporting a NIM of 4.0%. Efficiency improved to 36.0% from 39.0%. Capital metrics: CET1 11.0% (50 bp generated) and BIS 16.9%. Customers ~4.6M (2.3M digital). Balance sheet: total assets $75,603M, loans $45,446M, deposits $33,940M. Dividend provision of 60% of 2025 earnings.
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Positive
Net income +22.8% YoY to Ch$1,053,000 million
Operating income +10.2% year-on-year
Net interest income +10.9% year-on-year
ROAE 23.5% for 12M25 (sustained >20% performance)
Efficiency ratio improved 300 bps to 36.0%
Negative
None.
News Market Reaction
-4.79%
1 alert
-4.79%News Effect
On the day this news was published, BSAC declined 4.79%, reflecting a moderate negative market reaction.
BSAC gained 0.49% with peers mixed: WF +0.54%, FHN +0.41%, CIB +1.16%, WBS +1.05%, while BCH fell 0.76%, pointing to a stock-specific response to the earnings release rather than a uniform regional‑bank move.
Q4 and 2024 earnings with higher net income, ROAE and NIM recovery.
Pattern Detected
Earnings releases have generally drawn modestly positive reactions, with four aligned moves and one divergence where strong results were followed by a small decline.
Recent Company History
Over the past year, Banco Santander Chile has repeatedly reported strong earnings marked by high returns on equity, improving net interest margins and solid capital ratios. Prior quarters in 2025 showed ROAE consistently above 20%, NIM around 4%, and efficiency ratios in the mid‑30s, alongside steady customer growth and healthy CET1 and BIS levels. The latest 4Q25 and full‑year 2025 announcement continues this trajectory, with higher net income, stronger profitability, and robust capital, reinforcing the pattern of sustained operational improvement seen in earlier quarters and the strong 2024 finish.
Historical Comparison
earnings
+0.7%
Average Historical Move
Historical Analysis
Past earnings and related filings moved BSAC by an average of 0.72%. Today’s 0.49% gain on strong 4Q25 and 2025 figures falls within this typical range.
Typical Pattern
Earnings releases from 4Q24 through 3Q25 showed rising net income, ROAE above 20%, NIM near 4% and improving efficiency, culminating in today’s full‑year 2025 results that extend this profitability and capital-strength trend.
Market Pulse Summary
This announcement highlights another period of strong performance for Banco Santander Chile, with ne...
Analysis
This announcement highlights another period of strong performance for Banco Santander Chile, with net income of Ch$1.053 billion, ROAE of 23.5%, NIM at 4.0% and an efficiency ratio of 36.0%. Capital remained solid with a CET1 ratio of 11.0% and BIS ratio of 16.9%. The bank also reported about 4.6 million customers and high digital adoption. Investors may focus on the sustainability of fee growth, margin levels and asset‑quality trends across future reporting periods.
Key Terms
roae, net interest margin, nim, cet1 ratio, +4 more
8 terms
roaefinancial
"Solid financial performance with a ROAE2 of 23.5% in 12M25"
ROAE stands for Return on Average Equity, a profitability ratio that shows how much net income a company generates for its owners relative to the average amount of shareholder equity invested over a period. It’s like measuring the interest rate a business pays its owners on the capital they’ve left in the company, with the ‘average’ smoothing out swings in equity during the year. Investors use ROAE to compare how efficiently different companies turn owner capital into profits and to assess management’s ability to deliver returns over time.
net interest marginfinancial
"Operating income increased 10.2% YoY5, driven by a better net interest margin"
Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.
nimfinancial
"Strong recovery of the NIM7, reaching 4.0% in 12M25"
NIM (net interest margin) measures the gap between the interest a bank earns on loans and other interest‑producing assets and the interest it pays to depositors and creditors, shown as a percentage of the bank’s earning assets. Think of it like a store’s markup: a wider NIM means the bank keeps more money from its core lending activity, boosting profit potential. Investors watch NIM because shifts reveal how profitable a bank’s lending is, and how sensitive that profit is to interest‑rate changes and shifts in the mix of loans versus other assets.
cet1 ratioregulatory
"CET1 ratio10 solid at 11.0%, generating 50bp of capital in the year"
CET1 ratio measures a bank's core equity capital (the most loss-absorbing funds like common stock and retained earnings) relative to the size of its risk-adjusted assets. It shows how big the bank's financial cushion is compared with what it has on its books; a higher ratio means greater ability to absorb losses, lower regulatory risk, and generally more investor confidence in the bank's stability.
bis ratioregulatory
"while BIS ratio reached 16.9%. The Bank's capital includes the provision"
The BIS ratio is a measure of a bank’s financial cushion, calculated by comparing the bank’s capital to the size and risk of its assets as defined by international banking standards. It tells investors how well a bank can absorb losses and stay solvent—think of it as the thickness of an airbag relative to the size of a car: the bigger the cushion, the safer the ride. Regulators use it to judge stability and permission to grow lending.
adrfinancial
"net income attributable to shareholders totaled Ch$ 1.053 billion ($5.59 per share and US$2.48 per ADR)"
An American Depositary Receipt (ADR) is a financial certificate that lets investors buy shares of a foreign company through U.S. stock markets, similar to buying a local wrapper that represents the underlying foreign shares. ADRs matter because they make investing in overseas companies easier and more liquid by trading in U.S. dollars and under U.S. market rules, while still carrying currency, regulatory, and country-specific risks that can affect share value.
gaapregulatory
"presented in accordance with Chilean Bank GAAP as defined by the Financial Markets Commission"
GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.
common equity tier 1regulatory
"Common Equity Tier 1 under Chilean regulation."
Common Equity Tier 1 is the highest-quality capital a bank holds—mainly common shares and retained profits—that acts as the primary cushion against losses. Investors use the CET1 level and ratio to judge a bank’s financial strength and regulatory standing: a bigger cushion means the bank is better able to absorb shocks, sustain payouts and borrow cheaply, much like an emergency fund for a household.
AI-generated analysis. Not financial advice.
SANTIAGO, Chile, Jan. 30, 2026 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its results1 for the twelve-month period ended December 31, 2025, and fourth quarter 2025 (4Q25).
Solid financial performance with a ROAE2 of 23.5% in 12M253.
As of December 31, 2025, the Bank's net income attributable to shareholders totaled Ch$ 1.053 billion ($5.59 per share and US$2.48 per ADR), marking a 22.8% increase compared to the same period of the previous year and with a 23.5% ROAE in 12M25 compared to a 20.2% ROAE in 12M244. The increase in results is explained by the growth displayed in the Bank's main revenue streams. Operating income increased 10.2% YoY5, driven by a better net interest margin and adjustments, higher fees and financial transaction results.
Compared to the previous quarter (3Q25), net income attributable to shareholders increased 3.2% QoQ6, primarily due to improved margins and fee growth, as well as effective cost control. This resulted in a 21.9% ROAE for 4Q25, marking the seventh consecutive quarter with ROAE above 20%.
Strong recovery of the NIM7, reaching 4.0% in 12M25
Net interest income and readjustments (NII) accumulated to December 31, 2025, increased by 10.9% compared to the same period in 2024. This increase in NII resulted from an improvement in the funding cost, which fell from 4.7% to 3.8% in 12M25, explained mostly by the reduction observed on the Monetary Policy rate compared to 2024. As a result, the NIM improved from 3.6% in 12M24 to 4.0% in 12M25.
Compared to 3Q25, net interest income and readjustments increased 5.3% QoQ mainly due to lower interest expenses.
Customer base expansion continues, with total customers increasing by 6.9% YoY.
Our strategy of strengthening digital products has led to continuous growth in our customer base, reaching approximately 4.6 million customers, of which almost 2.3 million are digital customers (85% of our active customers).
The bank's market share in current accounts remains strong at 21.8% as of November 2025, driven by increased customer demand for US dollar current accounts, as customers can open these accounts digitally through our platform in just a few simple steps. This also demonstrates the success of Getnet's strategy to promote cross-selling of other products, such as current accounts for SMEs.
Net commissions increased 8.9% in 12M25, reaching recurrence8 levels of 63.7%.
Net fees increased 8.9% in the twelve months ending December 31, 2025, compared to the same period in 2024, driven by an increase in customers and greater product usage. As a result, the recurrence ratio (total net fees divided by structural support expenses) increased from 60.3% YTD in December 2024 to 63.7% YTD in December 2025, demonstrating that more than half of the Bank's expenses are financed by fees generated by our customers.
Best in Class in Efficiency9 with 36.0% in 12M25.
The Bank's efficiency ratio reached 36.0% as of December 31, 2025, an improvement on the 39.0% recorded in the same period of the previous year. Total operating expenses (including other expenses) increased by 1.8% in 12M25 compared to 12M24, driven primarily by administrative expenses related to higher technology spending in the first quarter of 2025, as well as other expenses related to the restructuring of our branch network and the transformation into Work/Café branches.
CET1 ratio10 solid at 11.0%, generating 50bp of capital in the year
Our CET1 ratio reached 11.0% as of December 2025, representing a capital generation of 50 bp in the year, while BIS ratio reached 16.9%. The Bank's capital includes the provision for a dividend distribution of 60% of 2025 earnings.
Banco Santander Chile is one of the companies with the highest risk ratings in Latin America, with an A2 rating from Moody's, A- from Standard & Poor's, A+ from the Japan Credit Rating Agency, AA- from HR Ratings, and A from KBRA. All of our ratings have a stable outlook as of the date of this report.
As of December 31, 2025, the Bank had total assets of $68,094,956 million (US$75,603 million), total gross loans (including interbank loans) at amortized cost of $40,932,880 million (US$45,446 million), total deposits of $30,569,372 million (US$33,940 million), and shareholders' equity of $4,719,697 million (US$5,240 million). The BIS capital ratio was 16.9%, with a core capital ratio of 11.0%. As of December 31, 2025, Santander Chile employed 8,526 people and had 229 branches throughout Chile.
CONTACT INFORMATION Cristian Vicuña Chief Strategy Officer and Head of Investor Relations Banco Santander Chile Bandera 140, 20th Floor Santiago, Chile Email: irelations@santander.cl Website: www.santander.cl
_____________________ 1 The information contained in this report is presented in accordance with Chilean Bank GAAP as defined by the Financial Markets Commission (FMC). 2 Net profit attributable to shareholders of the Bank annualized divided by the average equity attributable to shareholders. 3 The twelve months ending on December 31, 2025. 4 The twelve months ending December 31, 2024. 5 Year on year 6 Quarter on quarter 7 NIM: Net interest margin. Net interest income and annualized adjustments divided by interest-earning assets. 8 Recurrence: net commissions divided by structural support expenses. 9 Operating expenses including impairment and other operating expenses/ margin+commissions+ financial transactions and other net operating income 10 Common Equity Tier 1 under Chilean regulation.
FAQ
What were Banco Santander Chile's net income and ROAE for 12M25 (BSAC)?
Net income was Ch$1,053,000 million, a 22.8% YoY increase. According to the company, this produced a ROAE of 23.5% for the twelve months ended December 31, 2025.
How did Banco Santander Chile's net interest margin (NIM) change in 2025 (BSAC)?
NIM improved to 4.0% in 12M25 from 3.6% year-earlier. According to the company, the improvement followed lower funding costs and stronger net interest income.
What capital ratios did Banco Santander Chile report at December 31, 2025 (BSAC)?
The bank reported a CET1 ratio of 11.0% and a BIS ratio of 16.9%. According to the company, CET1 generation was 50 basis points during 2025.
How many customers and digital users did Banco Santander Chile report in 2025 (BSAC)?
Total customers were about 4.6 million, with roughly 2.3 million digital customers. According to the company, digital users represent approximately 85% of active customers.
What dividend policy did Banco Santander Chile disclose for 2025 earnings (BSAC)?
The bank included a provision for a dividend distribution equal to 60% of 2025 earnings. According to the company, this provision is reflected in the reported capital metrics.
