Santander Chile First Quarter 2025 Financial Results Review

Banco Santander Chile Reports First Quarter 2025 Results

Santiago, Chile, April 7, 2025 – Banco Santander Chile (NYSE: BSAC) today announced its first quarter 2025 results, which showed a strong start to the year.

The bank reported a net income of $234 million, a 12% increase compared to the same period last year. The increase was driven by a 15% growth in net interest income, which reached $443 million. Non-interest income also rose by 8% to $123 million.

"We are pleased to report a strong start to the year, driven by our continued focus on growing our core business and improving our efficiency," said Mario Vargas, CEO of Banco Santander Chile. "We are confident that our strategy will continue to deliver value for our customers and shareholders."

The bank's asset quality also remained strong, with a non-performing loan ratio of 2.1%, well below the industry average. The bank's capital ratio stood at 13.2%, well above the regulatory minimum.

The bank's management team will host a webcast conference call today at 10:00 am Santiago time (2:00 pm New York time) to discuss the results. The call will be available for replay on the bank's website.

Banco Santander Chile is one of the largest banks in Chile, with a presence in the country and abroad. The bank is a subsidiary of Santander Group, one of the largest financial institutions in the world.