Banco Santiago SEC Filings

Banco Santander-Chile reported a new local bond placement as a material fact. On May 4, 2026, the bank issued dematerialized bearer bonds in the Chilean market under its existing CMF-registered credit line.

The placement covered Series AA-5 bonds (ticker BSTDA50822) for a total of 706,000 UF, maturing on February 1, 2032, with an average placement rate of 2.50%. This adds medium-term funding in local currency units to support the bank’s operations.

Banco Santander-Chile delivered solid first-quarter 2026 results in a low-inflation environment, with net income attributable to shareholders of Ch$273 billion, equal to $1.45 per share and US$0.63 per ADR, and a strong ROAE of 23.0% for 3M26.

Profit rose 7.0% versus 4Q25 on higher fee and financial transaction income and lower other expenses, partly offset by weaker margins as UF inflation slowed to 0.3%. Year over year, profit fell 1.7% and ROAE eased from 25.7%, mainly due to lower inflation-linked margin income.

Efficiency improved meaningfully, with the cost-to-income ratio at 32.5% and operating expenses down 6.7% versus 3M25, helped by non-recurring technology migration costs in the prior year. Net interest margin was 3.8%, as 7.9% growth in interest income could not fully offset lower readjustment income.

Asset quality remained manageable but under pressure: the cost of credit rose to 1.55% and credit loss expense increased 13.8% year over year, while the NPL ratio was 3.3% and coverage 114.6%. Capital levels stayed robust, with a CET1 ratio of 10.9% and BIS ratio of 16.4%.

The bank continued to grow its franchise, with total customers up 9.7% year over year to about 4.8 million and customer funds up 4.4%. Shareholders approved distributing 60% of 2025 profits as cash dividends, equal to Ch$3.35 per share and a 4.5% yield at approval.

Banco Santander-Chile reports decisions from its April 28, 2026 shareholders’ meetings. The Ordinary Shareholders’ Meeting elected a new board, including independent directors such as Rodrigo Vergara Montes, who was later appointed Chairman, and Félix de Vicente Mingo, appointed Vice Chairman.

The meeting approved a dividend of $3.353346317 per share, charged to 2025 profits, to be paid starting May 6, 2026 to shareholders registered as of midnight on April 29, 2026. An Extraordinary Shareholders’ Meeting held the same day approved bylaw amendments on board gender parity, removal of the second vice-presidency, and other formal updates to align with current regulations.

Banco Santander-Chile filed its audited consolidated financial statements for the year ended December 31, 2025. The bank generated net interest income of Ch$1,746,869mn, up from Ch$1,504,741mn in 2024, reflecting improved core lending and funding performance.

Total operating income reached Ch$2,891,434mn versus Ch$2,622,870mn a year earlier. Consolidated profit attributable to equity holders rose to Ch$1,053,209mn from Ch$857,623mn, and basic earnings per share increased to Ch$5.59 from Ch$4.55, showing stronger bottom-line profitability.

Credit loss expenses were Ch$572,772mn compared with Ch$525,831mn, indicating higher cost of risk alongside growth. Total assets were broadly stable at Ch$68,094,956mn, while total equity increased to Ch$4,839,640mn from Ch$4,396,834mn, supported by retained earnings and comprehensive income.

Banco Santander‑Chile reports that on April 23, 2026 it placed dematerialized bearer bonds in the local Chilean market under a previously registered credit line. The placement involved Series BJ bonds (ticker BSTDBJ0425) totaling Ch$23,000,000,000, with an average placement rate of 5.69%.

These bonds mature on October 1, 2029 and were issued using the line of credit registered in the CMF Securities Registry under number 20240007 on April 30, 2025. The disclosure is made as a Material Fact to keep investors informed about the Bank’s funding activities.

Banco Santander-Chile reports that it placed dematerialized bearer bonds in the local Chilean market on April 16, 2026. The placement involved Series BG bonds (ticker BSTDBG0125) totaling Ch$14,000,000,000, with an average placement rate of 5.83% and maturity on July 1, 2032. The issuance was carried out under the Bank’s line of credit registered with the CMF Securities Registry under number 20240007.

Banco Santander-Chile reported a new local debt placement. As of April 15, 2026, the Bank issued dematerialized bearer bonds in the Chilean market under its CMF-registered credit line No. 20240007. The Series BG bonds, ticker BSTDBG0125, have a total amount of Ch$12,800,000,000, mature on July 1, 2032, and carried an average placement rate of 5.83%. This transaction represents long-term local funding for the Bank in Chilean pesos.

Banco Santander-Chile reported that on April 13, 2026 it placed dematerialized bearer bonds in the local Chilean market under its line of credit registered with the CMF Securities Registry number 20220013.

The Series AA-4 bonds (ticker BSTDA40922) total Ch$10,000,000,000, mature on March 1, 2033, and had an average placement rate of 5.93%.

Banco Santander-Chile reports summarized consolidated results as of March 31, 2026. Total assets reached MCh$ 69,896,903, with loans and accounts receivable from customers and banks of MCh$ 39,510,446 and financial instruments of MCh$ 9,633,504.

Total equity was MCh$ 4,893,821, mostly attributable to equity holders of the bank at MCh$ 4,739,336. For the period, net income was MCh$ 280,478, driven by net interest income of MCh$ 489,527 and total operating income of MCh$ 729,717, after loan loss provisions of MCh$ 158,777 and support expenses of MCh$ 225,004.

The information is unaudited and prepared under the Compendium of Accounting Standards for Banks issued by the Chilean Financial Market Commission (FMC), which is substantially similar to IFRS but takes precedence where differences exist.