Banco Santander-Chile(US:BSAC) Globenewswire·2025-10-30 11:00Core Insights - Banco Santander Chile reported a strong financial performance for the nine-month period ending September 30, 2025, with a net income of $798 billion, reflecting a 37.3% year-over-year increase and a return on average equity (ROAE) of 24.0% [2][4]. Financial Performance - The bank's operating income increased by 14.8% year-over-year, driven by improved interest margins and higher fees from financial transactions [2]. - Net interest income (NII) rose by 16.6% compared to the same period in 2024, leading to a net interest margin (NIM) improvement from 3.4% to 4.0% [3]. - Net commissions increased by 8.0% in the nine months ended September 30, 2025, resulting in a recurrence ratio of 62.1%, up from 60.0% in the previous year [5]. Customer Growth and Market Position - The customer base expanded by 8.7% year-over-year, reaching approximately 4.6 million customers, with nearly 2.3 million being digital customers [4]. - The bank maintained a strong market share in checking accounts at 22.1% as of August 2025, attributed to increased demand for US dollar checking accounts [5]. Efficiency and Cost Management - The efficiency ratio improved to 35.9% from 40.0% in the same period last year, despite a 3.1% increase in total operating expenses [6]. Capital and Risk Ratings - The Common Equity Tier 1 (CET1) ratio stood at a solid 10.8%, with an overall Basel III ratio of 16.7% [7]. - Banco Santander Chile holds high credit ratings from various agencies, including A2 from Moody's and A- from Standard & Poor's, all with a stable outlook [8]. Asset and Loan Portfolio - As of September 30, 2025, the bank's total assets were $68,240 million, with total gross loans at $40,988 million and total deposits of $29,356 million [9].