Banco Itaú Chile - ITCL STOCK NEWS

Banco Itaú Chile (SSE: ITAUCL) has filed a Material Event Notice with the Chilean Commission for the Financial Market, detailing agreements reached during the Bank's Ordinary Shareholders' Meeting held on April 24, 2025. The complete Material Event Notice can be accessed through the bank's investor relations website at ir.itau.cl.

Banco Itaú Chile (SSE: ITAUCL) has announced its upcoming first quarter 2025 financial results conference call schedule. The company will release its Q1 2025 results, covering the period ended March 31, 2025, before the Santiago market opens on April 30, 2025.

The financial results conference call is scheduled for May 9, 2025, at 9:00 AM Santiago time (9:00 AM ET). The presentation will be led by key executives including CEO André Gailey, CFO Emiliano Muratore, and Chief Economist Andrés Perez. Participants must pre-register through the provided webinar link to join the call, which will include a Q&A session for attendees.

Banco Itaú Chile (SSE: ITAUCL) has received a significant credit rating upgrade from Feller Rate, moving from 'AA+' to the highest possible rating of 'AAA' with a 'Stable' outlook. The upgrade extends to the bank's debt instruments and reflects the institution's prominent market position and strengthened financial profile that aligns with industry benchmarks.

ICR has upgraded Banco Itaú Chile's (SSE: ITAUCL) outlook to Positive from Stable, while maintaining its current ratings. The bank received reaffirmation of its AA+ rating for solvency and long-term instruments, AA rating for subordinated bonds, and N1+ rating for short-term instruments.

The positive outlook revision reflects the bank's consistent improvements across multiple key financial metrics, including asset quality, profitability, solvency, funding, matching, and liquidity. The bank has demonstrated strong performance and resilience despite challenging economic conditions.

Banco Itaú Chile (ITAUCL) has announced a significant dividend distribution proposal to be presented at the Ordinary Shareholders' Meeting on April 24, 2025. The Board of Directors proposes distributing 30% of the 2024 fiscal year profits, amounting to $112.99 billion, as dividends to shareholders.

The proposed dividend equals $522.27 per share, to be distributed among 216,340,749 shares in circulation. The remaining 70% of profits will be retained by the bank. Shareholders registered in the Shareholder Registry by midnight on April 30, 2025 (5 business days before payment) will be eligible to receive dividends, with payments starting May 7, 2025.

Itaú Chile (SSE: ITAUCL) has announced key leadership changes in its Colombian banking subsidiary. Jorge Villa, former Vice President of Corporate Banking, has been appointed as the new CEO effective March 21, 2025, replacing Baruc Saez who served for five years.

Villa, who joined Itaú Colombia in 2011, brings 27 years of financial sector experience and holds degrees from Babson College. The outgoing CEO Saez will remain until May to ensure a smooth transition.

Additionally, Tatiana Uribe, previously Head of Investment Banking, has been promoted to Vice President of Corporate Banking. Uribe, who joined in 2022, has 20 years of financial experience and holds degrees from Universidad Externado de Colombia and Georgetown University.

Banco Itaú Chile (SSE: ITAUCL) has announced the release of its Management Discussion & Analysis Report for Q4 2024, ending December 31, 2024. The company will host a conference call to discuss financial results on March 3, 2025, at 11:00 A.M. Santiago time (9:00 A.M. ET).

The call will feature key executives including André Gailey (CEO), Claudia Labbé Montevecchi (Head of IR and Chief Sustainability Officer), and Matías Valenzuela Barrenechea (Head of FP&A, Capital and IR). Participants must pre-register for the conference call, and a webcast option will be available with a virtual Q&A session.

Banco Itaú Chile (SSE: ITAUCL) has announced the scheduling of its Annual Shareholders' Meeting for April 24, 2025. The bank has filed a Material Event Notice with the Chilean Commission for the Financial Market regarding this upcoming meeting. The complete Material Event Notice can be accessed through the bank's investor relations website at ir.itau.cl.

Banco Itaú Chile (SSE: ITAUCL) has scheduled its fourth quarter 2024 financial results release for February 28, 2025, before the Santiago market opens. The company will host a conference call to discuss the results on March 3, 2025, at 11:00 A.M. Santiago time (9:00 A.M. ET).

The conference call will be led by André Gailey (CEO), Claudia Labbé Montevecchi (Head of IR and Chief Sustainability Officer), and Matías Valenzuela Barrenechea (Head of FP&A, Capital and IR). Participants must pre-register for the call, and a webcast will be available with a Q&A session for both call and webcast participants.