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Stock impact report

Banco Santander-Chile Announces Third Quarter 2024 Earnings

Banco Santander - Chile ADS (BSAC) 
Last banco santander - chile ads earnings: 4/29 08:50 am Check Earnings Report
Company Research Source: GlobeNewswire
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 of September 30, 2024, the Bank's net income attributable to shareholders totaled $581.109 billion ($3.08 per share and US$1.37 per ADR), reflecting an increase of 81.9% compared to the same period of the previous year and with an ROAE of 18.2%. The increase in results in the quarter is explained by an increase in the Bank's main income lines, with operating income increasing by 6.3% in the quarter, driven by a better interest margin and readjustments. Show less Read more
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