Banco Santiago Stock Price, News & Analysis

Banco Santander Chile (NYSE: BSAC) invites participation in its conference call-webcast on April 29, 2022, at 11:00 AM ET, discussing the 1Q 2022 financial results. The earnings report will be released before the market opens on that date. Following the presentation, there will be a Q&A session featuring CFO Emiliano Muratore, Investor Relations Manager Robert Moreno, and Chief Economist Claudio Soto. The quiet period begins on April 15, 2022. Interested participants can join via webcast or by dialing specific numbers provided for various countries.

Banco Santander Chile (NYSE: BSAC) plans to propose a dividend of Ch$2.467 per share, marking a 5.6% dividend yield, during the Ordinary Shareholders' Meeting on April 27, 2022. This dividend reflects 60% of net income attributable to shareholders, with the remaining 40% allocated to enhance bank reserves. As of December 31, 2021, the bank reported total assets of US$ 74.5 billion and a BIS capital ratio of 15.9%, underscoring its robust financial position.

Banco Santander Chile announced that its 2021 Annual Report has been filed with the U.S. Securities and Exchange Commission for the fiscal year ending December 31, 2021. The report includes the Company's audited financial statements, which can be accessed via the SEC's website or Santander Chile's corporate site. Shareholders can request a free hard copy by contacting the Investor Relations Office.

Banco Santander Chile (NYSE: BSAC) reported a 49.8% year-over-year increase in net income to Ch$774,959 million for 12M21, with a Return on Average Equity (ROAE) of 22.7%. In Q4 2021, net income was Ch$231,761 million, up 26.3% YoY. Notable growth in net interest income by 14.0% and a 37.6% rise in fee income contributed to these results. The efficiency ratio improved to 33.8%, while total deposits grew 11.5% YoY. The total client base surpassed 4 million, reflecting the success of digital platforms.

Banco Santander Chile (NYSE: BSAC) invites participants to its 4Q 2021 financial results conference call-webcast on February 3, 2022, at 10:00 AM EST. The call will feature key executives, including CFO Emiliano Muratore and Chief Economist Claudio Soto, followed by a Q&A session. The earnings report will be released before the market opens on the same day. The quiet period starts on January 20, 2022. Interested participants can join via the provided link or through listed dial-in numbers.

Banco Santander Chile (BSAC) reported a robust net income of Ch$176,007 million for 3Q21, marking a 67.4% YoY growth. The return on average equity (ROAE) stood at 21.3% amidst a 15.7% rise in net interest income, driven by asset growth and higher inflation. The bank’s client base also expanded by 14.4% YoY, surpassing 4 million clients. However, net income decreased 5.1% QoQ, primarily due to increased operating expenses. Total deposits increased 16.2% YoY, contributing to the bank's strong financial health.

Banco Santander Chile (NYSE: BSAC) has announced a conference call-webcast on October 29, 2021, at 11:00 AM ET, to discuss its 3Q 2021 financial results. The earnings report will be released before the market opens on the same day. A question and answer session will follow the presentation. The quiet period will commence on October 15, 2021. Participants can view the webcast at this link or join via various international dial-in numbers. For inquiries, contact the investor relations team.

Santander Chile (NYSE: BSAC) has successfully issued a bond worth CHF 190 million (approximately US $205 million) in the public market, demonstrating its strong creditworthiness despite local market uncertainties. The five-year bond, with a competitive coupon rate of 0.2975% and a spread of 60 basis points over the reference rate, reflects robust investor interest. With this issuance, Santander's total position in the Swiss franc market has risen to CHF 925 million (around US $1 billion), now comprising 30% of its total foreign debt. This marks the bank's second issuance in 2021.