Banco Santander Chile Reports Record Q2 2026 Profit, Raises ROAE Guidance Above 24%

Earnings
โดย GuruFocus·CL·Read original
Summary · why it matters

Banco Santander Chile posted net income of CLP382.6 billion in the second quarter of 2026, a 40% increase both quarter-on-quarter and year-on-year, and raised its full-year return on average equity guidance to above 24%. The bank's return on average equity reached 31.5% for the quarter, while its efficiency ratio improved to 31.6% in the first half, making it the most efficient bank in Chile. Total loans grew 1.3% quarter-on-quarter to CLP41.4 trillion, and the net interest margin widened to 4.7% in the quarter, with year-to-date margin up 16 basis points to 4.3%. Management now expects mid-single-digit loan growth for 2026, a net interest margin of around 4.1%, and a cost of risk of approximately 1.35%, citing higher inflation as a key driver of the improved outlook.

Impact on stocks 1

Financials▲ · 1 stocks
© 2026 MarketDXNews