Group 1 - Banco De Chile (BCH) has returned 33.5% year-to-date, significantly outperforming the Finance sector average return of 6.5% [4] - The Zacks Consensus Estimate for BCH's full-year earnings has increased by 6.1% over the past 90 days, indicating improved analyst sentiment [4] - Banco De Chile holds a Zacks Rank of 1 (Strong Buy), suggesting a strong earnings outlook compared to its peers [3] Group 2 - Banco De Chile is part of the Banks - Foreign industry, which consists of 66 companies and currently ranks 20 in the Zacks Industry Rank [6] - The Banks - Foreign industry has gained approximately 23% year-to-date, with Banco De Chile outperforming this group [6] - CBOE Global (CBOE), another Finance stock, has returned 16.3% year-to-date and has a Zacks Rank of 2 (Buy) [5]

Group 1 - Banco de Chile's stock price has increased by 36% since a buy rating was adopted in December 2024 [1] - The surge in stock price is attributed to the US trade war [1]

Company Overview - Banco De Chile (BCH) is headquartered in Santiago and operates in the Finance sector [3] - The stock has experienced a price change of 30.16% since the beginning of the year [3] Dividend Information - Banco De Chile currently pays a dividend of $1.57 per share, resulting in a dividend yield of 5.32% [3] - The yield of Banco De Chile surpasses the Banks - Foreign industry's yield of 3.73% and the S&P 500's yield of 1.63% [3] - The current annualized dividend of $1.57 represents a 27.1% increase from the previous year [4] - Over the past five years, Banco De Chile has increased its dividend three times year-over-year, averaging an annual increase of 67.08% [4] - The company's current payout ratio is 49%, indicating that it paid out 49% of its trailing 12-month EPS as dividends [4] Earnings Growth - The Zacks Consensus Estimate for Banco De Chile's earnings for 2025 is $2.45 per share, reflecting a year-over-year growth rate of 2.08% [5] Investment Appeal - Banco De Chile is viewed as an attractive dividend play and a compelling investment opportunity, holding a Zacks Rank of 1 (Strong Buy) [7]

Group 1: Carpenter Technology (CRS) - Carpenter Technology is a producer and distributor of premium specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as drilling tools [1] - The company has a Zacks Rank of 1 (Strong Buy) and has seen the Zacks Consensus Estimate for its current year earnings increase by 3.6% over the last 60 days [1] - Carpenter Technology's shares gained 2.5% over the last three months compared to the S&P 500's decline of 7.2%, and it possesses a Momentum Score of A [2] Group 2: First Savings Financial Group (FSFG) - First Savings Financial Group is a bank holding company providing various banking services to individuals and business customers in southern Indiana [2] - The company has a Zacks Rank of 1 and has witnessed the Zacks Consensus Estimate for its current year earnings increase by 18.4% over the last 60 days [2] - First Savings Financial Group's shares gained 14% over the last three months compared to the S&P 500's decline of 7.1%, and it possesses a Momentum Score of A [3] Group 3: Banco De Chile (BCH) - Banco De Chile is a commercial banking company in Chile providing general banking services to a diverse customer base, including large corporations, small and mid-sized businesses, and individuals [3] - The company has a Zacks Rank of 1 and has seen the Zacks Consensus Estimate for its current year earnings increase by 6.1% over the last 60 days [3] - Banco De Chile's shares gained 26.8% over the last three months compared to the S&P 500's decline of 7.2%, and it possesses a Momentum Score of A [4]

Group 1 - CME Group is a member of the Finance sector, which includes 858 individual stocks and holds a Zacks Sector Rank of 2 [2] - CME Group currently has a Zacks Rank of 2 (Buy), with a 7.5% increase in the consensus estimate for full-year earnings over the past three months, indicating improved analyst sentiment [3] - Year-to-date, CME Group has gained approximately 19.3%, significantly outperforming the Finance sector average gain of 1.2% [4] Group 2 - CME Group belongs to the Securities and Exchanges industry, which consists of 7 companies and is ranked 8 in the Zacks Industry Rank, with an average gain of 12.4% this year [5] - Banco De Chile, another outperforming stock in the Finance sector, has increased by 30.2% year-to-date and has a Zacks Rank of 1 (Strong Buy) [4][5] - The Banks - Foreign industry, which includes Banco De Chile, has 66 stocks and is ranked 11, with a year-to-date gain of 14.7% [6]

FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of April, 2025 Commission File Number 001-15266 BANCO DE CHILE AND SUBSIDIARIES BANK OF CHILE (Translation of registrant's name into English) Ahumada 251 Santiago, Chile (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F ...

Financial Performance and Risks - The company reported a growth in its loan portfolio, particularly in riskier segments, which may lead to increased loan losses[18] - The company anticipates that economic activity in Chile will significantly influence its growth and profitability[18] - The company faces risks from increased competition and industry consolidation, which may adversely affect operations[18] - The company’s financial performance is subject to interest rate volatility and inflation, which could affect net income[18] - The company’s growth may be impacted by political, legal, and economic uncertainties in Chile[18] - As of the filing date, the company’s past-due loans include any loans for which payments are overdue, impacting asset quality[29] Regulatory and Compliance - The company’s financial statements are prepared in accordance with IFRS, which may differ significantly from Chilean GAAP, affecting comparability[25] - Regulatory capital definitions took effect on December 1, 2021, impacting the company's financial condition and results[30] - CET1 Capital must equal at least 4.5% of risk-weighted assets for compliance with minimum levels[36] - Additional Tier 1 Capital must be at least 1.5% of risk-weighted assets after fulfilling CET1 minimum requirements[36] - Tier 2 Capital can be computed with up to 2.0% of risk-weighted assets once Tier 1 Capital minimum requirements are met[36] - Tier 2 Capital includes subordinated bonds of up to 50% of CET1 and voluntary provisions based on credit risk-weighted assets[36] - The components of CET1 include paid-in capital, stock surplus, reserves, and retained earnings[36] - Adjustments to CET1 include minority interest, goodwill, deferred tax assets, and pension plan assets[36] - Instruments issued by banks' subsidiaries do not count towards Additional Tier 1 Capital[36] - Tier 2 Capital includes subordinated bonds and voluntary provisions based on standardized or internal methods[36] - The minimum requirements for capital adequacy are in line with Basel III standards[36] - The calculation of capital components is essential for maintaining financial stability and regulatory compliance[36] Currency and Exchange Rate - As of December 31, 2024, the exchange rate was Ch$994.74 = U.S.$1.00, reflecting the company's financial position in U.S. dollars[27] Anti-Money Laundering Efforts - The company has implemented policies to detect money laundering, but may still face challenges in fully preventing such activities[18]

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Financial Data and Key Metrics Changes - Banco de Chile reported a net income of CLP 1,207 billion for 2024, achieving a return on average capital of 23.1%, significantly higher than the local industry average of 15.8% [5][46]. - The bank's net income for Q4 2024 reached CLP 298 billion, reflecting a 3.5% increase from the previous quarter [45]. - Operating revenues experienced a 10% decline quarter-on-quarter but showed a 1.9% annual increase for the full year [47]. Business Line Data and Key Metrics Changes - The retail loan portfolio now represents 65% of the total loan book, while wholesale commercial loans account for 35% [56]. - Consumer loans grew by 4.6% year-on-year, contributing over 90% to the total rise in loan income, while mortgage loans increased by 7.4% [50]. - Commercial loans saw only a 0.6% increase, with SME segments growing by 2.6% [51]. Market Data and Key Metrics Changes - The Chilean economy expanded by 2.5% in 2024, recovering from a mere 0.2% growth the previous year [8]. - The unemployment rate decreased from an average of 8.6% in 2023 to 8.5% in 2024, driven by a 2.9% year-on-year increase in total employment [12]. - The Chilean peso depreciated by 13% in 2024, averaging CLP 944 per dollar, impacting inflation and trade balance positively [16][17]. Company Strategy and Development Direction - Banco de Chile aims to be the most profitable and sustainable bank among its peers, targeting a long-term return on average capital of around 18% [30][80]. - The bank is focusing on customer satisfaction, efficiency, and sustainability, with significant investments in digital banking and customer experience [30][36]. - The bank has launched new digital accounts and payment processing solutions to enhance its service offerings [38]. Management Comments on Operating Environment and Future Outlook - Management expects the Chilean economy to grow by 2% in 2025, driven by positive dynamics in exports and domestic demand recovery [18][79]. - Inflation is anticipated to remain above long-term levels, with a forecast of 3.8% for the year [21]. - The bank's strong fundamentals and capital base position it well to navigate potential economic challenges [92][80]. Other Important Information - The bank's liquidity coverage ratio was 214%, significantly exceeding regulatory requirements, indicating strong liquidity management [62]. - The expected credit losses decreased by 19% year-on-year in Q4 2024, reflecting improved asset quality [69][72]. - Operating expenses for Q4 2024 totaled CLP 303 billion, down 4.9% from the previous year, demonstrating effective cost control measures [75]. Q&A Session Summary Question: Political environment and potential candidates - Management highlighted the uncertainty surrounding the upcoming elections and the importance of increasing growth capacity in Chile, with a focus on reducing bureaucracy and implementing pension reforms [86][94]. Question: Non-interest income growth expectations - Management indicated that customer growth is a key driver for fee growth, with expectations for mid to high single-digit growth in 2025 [97]. Question: ROE guidance and capital levels - Management confirmed that the 18% ROE guidance is conservative, considering current capital levels and potential economic conditions [116][118]. They emphasized the importance of maintaining a strong capital base to support future growth [121].