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Banco De Chile (BCH)
NYSE:BCH
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EarningsQ2 2026 Earnings Report

Banco De Chile (BCH) Q2 2026 Earnings Report

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BCH Q2 2026 EPS Results

Actual EPS$0.84
Consensus EPS$0.71
Beat/MissBeat by +$0.13
One Year Ago EPS$0.62

BCH Q2 2026 Revenue Results

Actual Revenue$1.65B
Expected Revenue$973.11M
Beat/MissBeat by +$680.75M
YoY Revenue Growth+37.28%

Earnings Announcement Details

QuarterQ2 2026
Date07/31/2026
TimeBefore Open
Conference CallFriday, July 31, 2026
BCH Upcoming Earnings
Banco De Chile's next earnings date is estimated for October 29, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

No earnings call audio is available for this earnings event.

Q2 2026 Earnings Slide Deck

No slide deck is available for this earnings event.

Q2 2026 Earnings Call Summary

Q2 2026
Earnings Call Date:Jul 31, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial picture: strong revenue and fee growth, industry‑leading margins, high profitability, top‑tier efficiency and solid capital/coverage metrics. Weak macro activity in H1, higher inflation volatility, additional provisioning and a modest downward revision to loan growth and ROE guidance were notable cautions. Overall the bank delivered robust results while taking conservative provisions and maintaining flexibility to deploy capital as the economy recovers.
Company Guidance
Management updated 2026 guidance noting weaker H1 macro performance but continued resilience: Banco de Chile now expects nominal loan growth of ~6% (vs ~7% previously), a year‑end NIM of ~4.6% (H1 NIM 4.9%), cost of risk of 1.2–1.3% (up from 1.15% excluding the CLP 50bn Q2 additional provisions that drove a quarterly cost of risk of 1.65%), an efficiency ratio improving to ~37% by Dec‑2026 (vs prior 38%), and return on average capital & reserves of 21–22% by year‑end (management attributed ~90bp impact on guidance from the extra provisions). Macro assumptions: Chile GDP ~1.3% for 2026 and ~3% for 2027, inflation ~4% in 2026 and a policy rate of 4.5%; industry benchmarks were modestly revised to industry loan growth ~4% nominal, industry NIM 3.6–3.8%, industry NPLs ending 2.3–2.4% and credit loss expense 1.2–1.3%. Management also flagged capital strength (CET1 13.9%, total capital 17.6% at June), a long‑run effective tax benefit from the reform of ~CLP 40bn/year with a one‑off ~CLP 69–70bn impact on enactment, and a long‑term dividend assumption of ~60% payout.
Strong Operating Revenue Growth
Operating revenues reached CLP 922 billion in Q2, up 20.9% year‑on‑year (from CLP 749 billion in the prior quarter), driven by higher inflation and loan/fee growth.
Superior Margin and Net Financial Income
Net financial income totaled CLP 736 billion in Q2, up 25.3% year‑on‑year; net interest margin leadership with NIM ~4.9% in 1H26 and operating margin of 6.8% (net operating margin 5.7%).
Robust Profitability
Net income for Q2 was CLP 391 billion; quarterly ROE ~27.9% and YTD ROA 2.4% and YTD ROE ~22.9%, reflecting strong recurring income and balance sheet management.
Industry‑Leading Efficiency
Efficiency ratio improved to 31.3% for the quarter and 34.5% for 1H26 (targeted ~37% by Dec‑2026); expenses rose below inflation at 2.8% YoY and loans per employee increased 1.7% to CLP 3.6 billion.
Resilient Fee and Customer Income
Total fees grew 10.7% YoY; transactional fees +20.4% YoY; fee margin 1.4% over interest‑earning assets; active customers 2.9 million and NPS of 77.6 (industry leading).
Deposit Franchise and Funding Strength
Leading market share in local currency demand deposits at 19.7%; demand deposits represent 26% of funding and demand‑deposits-to-loans ratio is 36% (highest among peers), supporting competitive funding cost.
High Capital and Coverage Levels
Basel III ratio 17.6% with CET1 13.9%; loan loss allowances 2.1% of loans covering 127% of past‑due loans (≈230% including additional allowances), providing a meaningful buffer.
Commercial and Digital Momentum
Total loans CLP 40.3 trillion (+2.3% YoY; +2.9% pro forma excluding CLP 210 billion card migration effect); consumer originations +8% YoY; SME installment lending +18% vs 1H25; digital current accounts +34% YoY; current account openings +17%.
Strategic Partnerships and Product Innovation
Launched B Startup and formed alliances with UDD Ventures, AWS, Linze (auto finance), Despegar (travel loyalty), and Fingo (SME factoring) to broaden value proposition and drive future growth.

BCH Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Oct 29, 2026
2026 (Q3)
0.68 / -
0.616―
2026 (Q2)
0.71 / 0.84
0.61835.44% (+0.22)
2026 (Q1)
0.60 / 0.58
0.687-15.43% (-0.11)
2025 (Q4)
0.61 / 0.57
0.618-7.44% (-0.05)
2025 (Q3)
0.61 / 0.62
0.5973.18% (+0.02)
2025 (Q2)
0.64 / 0.62
0.669-7.62% (-0.05)
2025 (Q1)
0.61 / 0.69
0.61711.35% (+0.07)
2024 (Q4)
0.62 / 0.62
0.82-24.63% (-0.20)
2024 (Q3)
0.63 / 0.60
0.5655.66% (+0.03)
2024 (Q2)
0.66 / 0.67
0.795-15.85% (-0.13)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed