EarningsQ2 2026 Earnings Report
DE:BSA Q2 2026 EPS Results
Actual EPS€0.76
Consensus EPS€0.66
Beat/MissBeat by +€0.10
One Year Ago EPS€0.53
DE:BSA Q2 2026 Revenue Results
Actual Revenue€1.54B
Expected Revenue€788.44M
Beat/MissBeat by +€748.17M
YoY Revenue Growth+23.07%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
DE:BSA Upcoming Earnings
Banco Santander Chile's next earnings date is estimated for October 30, 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
Earnings Call Sentiment|Positive
The call presented a predominantly positive performance: exceptionally strong quarterly profitability, expanded NIM, robust capital and efficiency metrics, solid customer growth, and several regulatory and policy developments that could be tailwinds (housing subsidies, tax cuts, potential RWA relief). Headwinds include a weaker macro environment (revised 2026 growth ~1%), elevated inflation and short-term volatility supporting some of the outsized earnings this quarter, ongoing competitive pressure in payments reducing fee margins, and modest asset-quality pressures. On balance the operational strengths, capital position, and clear strategy combined with manageable credit metrics outweigh the challenges, though some benefits may be transitory as inflation normalizes.Company Guidance
Strong Quarterly Profitability
Net income attributable to shareholders of CLP 382.6 billion in Q2 2026, up 40% quarter-on-quarter and 40% year-on-year; quarterly ROAE 31.5% and YTD ROAE 27.2%.
Net Interest Margin Expansion
Quarterly NIM reached 4.7% (YTD NIM 4.3%), driven by inflation; combined net interest and readjustments of CLP 1.11 trillion in H1 (+7.4% YoY, +27% QoQ). YTD NIM up 16 bps YoY and 89 bps QoQ.
Updated 2026 Outlook and ROE Guidance
Updated 2026 guidance: loan growth mid-single-digits (lower part of range), full-year NIM ~4.1%, noninterest income mid-single-digits, efficiency improving to low-30s, cost of risk ~1.35%, and expected ROAE above 24% for 2026 (long-term target above 20%).
Loan and Product Growth
Total loans CLP 41.4 trillion (+1.2% YTD, +1.3% QoQ). Mortgage loans +2.0% QoQ; commercial loans +1.3% QoQ; auto loans +1.8% QoQ and +4.9% YTD.
Deposit and Funding Strength
Total deposits CLP 32.4 trillion (+6% YTD, +4.5% QoQ) driven by time deposits (+11.8% YTD, +7% QoQ); total customer funds CLP 48.3 trillion (+7.1% YTD, +4% QoQ). Liquidity comfortably above regulatory requirements.
Customer and Activity Metrics
4.8 million total clients and 2.7 million active clients (56% active). Total customers +7% YoY; active customers +1.3% YoY. Checking accounts +6% YoY; credit card transactions +11% YoY; mutual fund AUM +8% YoY; 519k business current accounts.
Fees and Transaction Income
Fees plus financial transactions of CLP 452 billion in H1 (+4.9% YoY). Results from financial transactions up 16% YoY, supported by market-related income (though quarter-to-quarter dynamics varied).
Operational Efficiency
Efficiency ratio of 31.6% in H1 2026 (operating expenses down 4.3% YoY; core expenses down 3.5% YoY). Recurrence ratio 64.1% (fees cover >60% of core expenses); 91 Work Cafes in network.
Stable Asset Quality and Provisioning Trend
Cost of risk 1.38% YTD; Q2 cost of risk 1.22% (down from 1.55% in Q1 after reversal of a one-off commercial provisioning). NPL ratio 3.4% and impaired loans 7.5%—manageable given macro context.
Strong Capital Position and Potential Regulatory Upside
BIS ratio 16.4% and CET1 11.1% (~200 bps above the 2026 regulatory minimum of 9.08%). Proposed market risk RWA model could cut industry market-risk RWAs ~36% and imply ~75 bps CET1 uplift for Santander (subject to approval).
External Recognition and ESG Credentials
Euromoney awards: Best Bank in Chile, Best Bank for ESG, Best Bank for SMEs (2026). Inclusion in Dow Jones Best-in-Class World Index; MSCI ESG rating AA; Sustainalytics risk rating 15.4 (low risk).
Positive Policy Developments Supporting Housing and Investment
National Reconstruction Plan passed with measures expected to support private investment and housing demand (gradual corporate tax cut 27%→23% between 2027–2029, temporary VAT exemption on new homes, expanded mortgage subsidy program from 50k to 80k beneficiaries and higher max eligible home value), potentially aiding mortgage origination and construction recovery.
DE:BSA Earnings History
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