Banco Santander-Chile (NYSE:BSAC) Q4 2025 Earnings call February 05, 2026 09:00 AM ET Company ParticipantsCristián Vicuña - Head of Strategy and Investor RelationsLindsey Shema - Equity Research AssociateLorena Palomeque - EconomistNeha Agarwala - SVPPatricia Pérez - CFOYuri Fernandes - Managing DirectorConference Call ParticipantsErnesto Gabilondo - Senior Financial Equity AnalystEwald Stark - Equity Research AnalystOperatorLadies and gentlemen, thank you for standing by, and I'd like to welcome you to Ban ...

Banco Santander-Chile (NYSE:BSAC) Q4 2025 Earnings call February 05, 2026 09:00 AM ET Company ParticipantsCristián Vicuña - Head of Strategy and Investor RelationsLindsey Shema - Equity Research AssociateLorena Palomeque - EconomistNeha Agarwala - SVPPatricia Pérez - CFOYuri Fernandes - Managing DirectorConference Call ParticipantsErnesto Gabilondo - Senior Financial Equity AnalystEwald Stark - Equity Research AnalystOperatorLadies and gentlemen, thank you for standing by, and I'd like to welcome you to Ban ...

Banco Santander-Chile (NYSE:BSAC) Q4 2025 Earnings call February 05, 2026 09:00 AM ET Speaker4Ladies and gentlemen, thank you for standing by, and I'd like to welcome you to Banco Santander-Chile's fourth quarter 2025 earnings conference call on the 5th of February, 2026. Please note that at this point all participant lines are in listen-only mode. After the call there'll be an opportunity to ask questions. So with this I'll now like to pass the line to Patricia Pérez, the Chief Financial Officer. Please go ...

Core Insights - PagBank reported strong financial results for the third quarter of 2025, showcasing resilience in a high-interest-rate environment and economic slowdown [2][4] - The bank's recurring net income reached BRL 571 million, with net revenue growing by 14.4% year-over-year to BRL 3.4 billion [4] - Deposits increased to BRL 39.4 billion, reflecting a 15.3% year-over-year growth, while the loan portfolio expanded to BRL 4.2 billion, marking a 29.9% year-over-year increase [5] Financial Performance - Recurring net income for 3Q25 was BRL 571 million [4] - Net revenue grew 14.4% year-over-year, totaling BRL 3.4 billion [4] - Deposits reached BRL 39.4 billion, up 15.3% year-over-year and 6.1% quarter-over-quarter [5] - The loan portfolio amounted to BRL 4.2 billion, with a year-over-year growth of 29.9% and a quarter-over-quarter increase of 7.2% [5] Strategic Initiatives - The bank distributed over BRL 2 billion to shareholders through dividends and share repurchases in the last 12 months [3] - PagBank is focusing on higher-margin products and sustainable value creation while expanding its revenue and optimizing its capital structure [2] - The bank aims to deepen relationships with entrepreneurs and consumers, enhancing access to financial solutions for millions of Brazilians [6] Leadership Changes - Carlos Mauad will become the new CEO of PagBank starting January 1, 2026, as part of a planned succession process [7] - Gustavo Sechin will take over as the new CFO [7] - The transition is expected to ensure continuity and support for the bank's growth strategy [8][9]

Core Insights - Pagbank reported a net revenue of R$5.1 billion for 2Q25, marking an 18% growth excluding foreign exchange effects, driven by a 61% increase in the banking segment [1][2] - The company achieved a recurring net income of R$565 million (+4% y/y) and a reported net income of R$537 million (+7% y/y), with a return on equity (ROE) of 14.5% [1][3] - Total funding reached R$43 billion (+9% y/y), with deposits at R$37.2 billion (+9% y/y and +10% q/q) and an expanded loan portfolio of R$48 billion (+11% y/y) [3][4] Financial Performance - Gross profit totaled R$1.9 billion, reflecting a 7% year-over-year increase, within the guidance range [1] - Over the past 12 months, Pagbank allocated R$1.9 billion to dividends and share repurchases, with new dividend payments expected in the second half of the year [5] Strategic Outlook - The company maintains an optimistic outlook for the second half of the year, focusing on disciplined business execution and exploring new opportunities [4][6] - Pagbank serves 33 million clients and sees significant growth potential in transactional banking, particularly through Pix, deposits, and credit [6][9] Innovation and Technology - Pagbank is focused on building a comprehensive digital banking platform that simplifies financial management for clients through artificial intelligence and Open Finance [6][10]

Core Insights - PagBank announced its first dividend payment of approximately R$250 million (USD 0.14 per common share) and plans to distribute dividends annually, corresponding to about 10% of its net income, subject to market conditions and board approval [1][9] Financial Performance - In 1Q25, PagBank reported net revenue of R$4.9 billion, a 13% year-over-year increase, and gross margin of R$1.9 billion, reflecting a 7% rise [2] - Recurring net income for the quarter was R$554 million, a 6% year-over-year increase, with earnings per share (EPS) reaching R$1.72, a 14% increase year-over-year [2][6] - The credit portfolio expanded to R$3.7 billion, marking a 34% increase compared to the same quarter last year and a 6% increase quarter-over-quarter [3] Customer Engagement and Market Position - PagBank has a customer base of over 32 million, with 17.7 million actively engaged in its ecosystem, emphasizing its strategy of providing a comprehensive financial services platform [4] - Total deposits reached R$33.9 billion, a 10.9% year-over-year rise, indicating effective fundraising in a high-interest-rate environment [7] Operational Efficiency - The company maintained a stable delinquency rate over 90 days at 2.3%, significantly lower than the market average of 4.4% [3] - The total payment volume processed reached R$129 billion, growing 16% year-over-year, with cash in reaching R$83 billion, up 26% year-over-year [7] Shareholder Value Initiatives - PagBank executed a second share buyback program totaling over R$353 million, reflecting management's confidence in its growth strategy [8] - The gross margin increased from 38% to 39% quarter-over-quarter, and return on equity (ROE) reached 15% on an annualized basis, a 140 basis points increase year-over-year [6]