SANTIAGO, Chile, Jan. 13, 2025 (GLOBE NEWSWIRE) -- You are cordially invited to participate in Banco Santander Chile's (NYSE: BSAC) conference call-webcast on Friday, February 7, 2025, at 11.00 AM (EST time) where we will discuss 4Q 2024 financial results. The Bank's Officers participating in the conference call are: Patricia Pérez, CFO, Cristian Vicuña, Chief Strategy Officer & Head of IR and Andrés Sansone, Chief Economist. A question and answer session will follow the presentation. The Management Comment ...

SANTIAGO, Chile, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC) announced Patricia Pérez as its new Chief Financial Officer (CFO), also becoming the first woman to hold this position in the local subsidiary. Patricia is an engineer in Information and Management Control from the University of Chile and holds a master's degree in Financial Management from the Adolfo Ibáñez University. Throughout her 18 years of experience in the Group, she has held different roles within the organizatio ...

Core Insights - The article compares Banco Santander-Chile (BSAC) and Mizuho (MFG) to determine which stock is more attractive to value investors [1][3]. Valuation Metrics - BSAC has a forward P/E ratio of 10.73, while MFG has a forward P/E of 11.12 [5]. - BSAC's PEG ratio is 0.41, indicating a better expected earnings growth rate compared to MFG's PEG ratio of 0.80 [5]. - BSAC's P/B ratio is 1.97, significantly lower than MFG's P/B of 7.94, suggesting BSAC is undervalued relative to its book value [6]. Earnings Outlook - BSAC is currently experiencing an improving earnings outlook, which enhances its attractiveness in the Zacks Rank model [7]. - BSAC holds a Zacks Rank of 2 (Buy), indicating a stronger improvement in its earnings outlook compared to MFG, which has a Zacks Rank of 3 (Hold) [3][7]. Value Grades - Based on the valuation metrics, BSAC has earned a Value grade of B, while MFG has a Value grade of C, further supporting BSAC's position as the superior value option [6].

Banco Santander-Chile (NYSE:BSAC) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Cristian Vicuna - Chief of Strategic Planning and Investor Relations Patricia Perez - Interim Chief Financial Officer Carmen Gloria Silva - Economist Conference Call Participants Yuri Fernandes - J.P. Morgan Beatriz Abreu - Goldman Sachs Neha Agarwala - HSBC Global Research Operator Good morning, ladies and gentlemen, and thank you for standing by. I would like to welcome you to Banco Santand ...

October 30, 2024 Banco Santander Chile Important information Banco Santander Chile caution that this presentation contains forward looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. These forward looking statements are found in various places throughout this presentation and include, without limitation, statements concerning our future business development and economic performance. While these forward looking statements represent our judgment and future expecta ...

impuestos11% F CONSOLIDATED INTERIM FINANCIAL STATEMENTS For the periods ending on June 30, 2024, and 2023 and December 31, 2023 INDEPENDENT AUDITOR'S REVIEW REPORT (A free translation from the original in Spanish) Santiago, July 30, 2024 To the Shareholders and Directors Banco Santander - Chile Results of the review of interim consolidated financial information We have reviewed the accompanying interim consolidated financial statements of Banco Santander - Chile and subsidiaries, which comprise the interim ...

SANTIAGO, Chile, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its results1 for the nine-month period ended September 30, 2024, and third quarter 2024 (3Q24). ROAE2 of 23.1% in 3Q243 and 18.2% in 9M244. In the third quarter of 2024 (3Q24), the Bank's net income attributable to shareholders totaled $243,133 million ($1.29 per share and US$ 0.58 per ADR), reflecting an increase of 11.7% compared to the previous quarter (2Q24), with an ROAE of 23.1%. As o ...

SANTIAGO, Chile, Sept. 11, 2024 (GLOBE NEWSWIRE) -- You are cordially invited to participate in Banco Santander Chile's (NYSE: BSAC) conference call-webcast on Wednesday, October 30, 2024, at 11.00 AM (EST time) where we will discuss 3Q 2024 financial results. The Bank's Officers participating in the conference call are: Emiliano Muratore, CFO, Cristian Vicuña, Chief Strategy Officer & Head of IR and Carmen Gloria Silva, Economist. A question and answer session will follow the presentation. The Management C ...

Investors in Banco Santander-Chile (BSAC) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 18, 2024 $25.00 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It cou ...

Financial Data and Key Metrics Changes - Banco Santander-Chile reported a net income of CLP218 billion for Q2 2024, representing an 81% increase compared to Q1 2024, with a return on equity (ROE) of 20.7% for the quarter and 15.8% year-to-date, up 285 basis points year-over-year [21][22][35] - The net interest margin (NIM) for Q2 2024 was 3.6%, with a year-to-date NIM of 3.1%, and the bank expects the NIM to reach between 3.3% and 3.5% for the full year [25][34] Business Line Data and Key Metrics Changes - Retail loans grew steadily, driven by consumer and mortgage loans, while commercial loans contracted by 5.5% in the quarter, influenced by a change in consolidation perimeter and lower economic activity [22][34] - Getnet, the acquiring business, generated fees totaling CLP29.9 billion and a net income of CLP7.7 billion during the first half of 2024, with over 227,000 active point of sale terminals [17][21] Market Data and Key Metrics Changes - The Chilean economy showed a GDP growth of 1.6% annually for Q2 2024, with a downward revision of the annual GDP estimate from 2.8% to 2.5% for 2024 [3][4] - Inflation is expected to rise, with the CPI estimate increased from 3.9% to 4.3% for 2024, while the Central Bank has cut the monetary policy rate by 250 basis points in the first half of 2024 [6][7] Company Strategy and Development Direction - The company is committed to its "Chile First" strategy, focusing on becoming a digital bank with a physical presence through innovative work/cafes, aiming to reach 5 million customers and 450,000 SME clients [10][12] - The bank emphasizes providing specialized value-added services and fostering innovation to redefine the banking landscape, with a focus on sustainable finance and advisory products [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in loan growth prospects, expecting mid-single-digit growth for the full year, driven by improving economic conditions and lower interest rates [34][46] - The bank anticipates a normalized NPL ratio in the low-2% range as economic activity recovers, with expectations for a turnaround in the commercial portfolio within the next six to nine months [55][56] Other Important Information - The bank's efficiency ratio improved to 37.6% in Q2 2024, with a focus on controlled expenses and improved financial income [32] - The bank's BIS ratio was reported at 17.4% and a core equity ratio of 10.6%, with a dividend payout provision increased to 60% of 2024 income [33] Q&A Session Summary Question: Details on Bansa deconsolidation - Management clarified that Bansa was deconsolidated due to legal restrictions and its commercial dependence on Santander Consumer Finance, with no ownership or impact on net income [36][37][40] Question: Loan growth expectations - Management expects loan growth to accelerate in 2025, projecting nominal growth in the high-single-digit range, driven by consumer and auto loans [43][46] Question: Asset quality and NPLs - Management indicated that NPLs are expected to stabilize in the low-2% range, with a turnaround anticipated in the commercial portfolio within six to nine months [55][56] Question: NIM and fee growth expectations for 2025 - Management expects NIMs to remain stable around 3.5% to 3.7% in 2025, with fees projected to grow in the mid- to high-single-digit range [60][62]