Detailed financial statements for Banco Santander-Chile (BSAC): income statement, balance sheet and cash-flow summary. Track margins, debt, liquidity and profitability trends year over year: ten fiscal years free and up to 20 with Premium.
Banco Santander-Chile, along with its affiliated entities, operates as a prominent financial institution in Chile, delivering a comprehensive array of commercial and retail banking solutions. Its business operations are structured into distinct segments: Retail Banking, Middle-Market, Corporate Investment Banking, and internal Corporate Activities.
Analysis Summary
Banco Santander-Chile reported revenue of 4.66T CLP in the most recent fiscal year, growing at a 5-year CAGR of 11.7%. Net income reached 1.02T CLP, with a 13.3% 5-year CAGR.
Trailing-twelve-month margins: gross margin 61.2%, operating margin 29.8%, net margin 24.8%.
At $31.64 (closing price, October 28, 2026), BSAC trades at a P/E of 13.54 and an ROE of 22.03%. Market capitalisation stands at $14.9B, placing it among large-cap names.
Balance sheet quality for BSAC: current ratio of 0.2, net debt of 9.24T CLP. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Cash flow quality is below average: free cash flow of 624.40B CLP represents 61% conversion of reported net income. High conversion (above 90%) suggests earnings translate cleanly into cash; lower conversion may indicate working capital tightness or accounting timing differences.
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.53T CLP | 2.47T CLP | 2.64T CLP | 2.81T CLP | 2.68T CLP | 3.37T CLP | 4.72T CLP | 5.22T CLP | 4.90T CLP | 4.66T CLP |
| Cost of Revenue | 1.20T CLP | 1.03T CLP | 1.15T CLP | 1.23T CLP | 1.12T CLP | 1.40T CLP | 2.87T CLP | 3.63T CLP | 2.81T CLP | 2.38T CLP |
| Gross Profit | 1.33T CLP | 1.44T CLP | 1.50T CLP | 1.58T CLP | 1.56T CLP | 1.97T CLP | 1.85T CLP | 1.59T CLP | 2.09T CLP | 2.28T CLP |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | 627.47B CLP | 601.82B CLP | 598.87B CLP | 643.32B CLP | 670.49B CLP | 701.65B CLP | 747.84B CLP | 719.19B CLP | 769.49B CLP | 773.77B CLP |
| Operating Expenses | 743.64B CLP | 719.78B CLP | 732.78B CLP | 788.20B CLP | 863.80B CLP | 898.56B CLP | 946.32B CLP | 896.67B CLP | 1.01T CLP | 1.03T CLP |
| Operating Income | 587.46B CLP | 717.46B CLP | 763.07B CLP | 794.69B CLP | 695.26B CLP | 1.07T CLP | 901.11B CLP | 691.38B CLP | 1.08T CLP | 1.25T CLP |
| EBITDA | 652.82B CLP | 795.28B CLP | 842.35B CLP | 900.78B CLP | 804.69B CLP | 1.20T CLP | 1.03T CLP | 835.15B CLP | 1.22T CLP | 1.38T CLP |
| Interest Expense | 855.68B CLP | 731.75B CLP | 829.95B CLP | 904.42B CLP | 638.48B CLP | 1.11T CLP | 2.52T CLP | 3.31T CLP | 2.31T CLP | 1.81T CLP |
| Pre-tax Income | 587.46B CLP | 717.46B CLP | 763.07B CLP | 794.69B CLP | 695.26B CLP | 1.07T CLP | 901.11B CLP | 691.38B CLP | 1.08T CLP | 1.25T CLP |
| Income Tax | 109.03B CLP | 145.03B CLP | 167.14B CLP | 175.07B CLP | 142.53B CLP | 221.66B CLP | 93.62B CLP | 97.55B CLP | 219.75B CLP | 207.36B CLP |
| Net Income | 476.07B CLP | 562.80B CLP | 595.33B CLP | 619.09B CLP | 547.61B CLP | 842.47B CLP | 792.28B CLP | 579.43B CLP | 852.96B CLP | 1.02T CLP |
| EPS | $1,004.00 | $1,200.00 | $1,256.00 | $1,316.00 | $1,164.00 | $1,788.00 | $1,680.00 | $1,052.00 | $1,812.00 | $2,236.00 |
| EPS (Diluted) | $1,004.00 | $1,200.00 | $1,256.00 | $1,316.00 | $1,164.00 | $1,788.00 | $1,680.00 | $1,052.00 | $1,812.00 | $2,236.00 |
| Shares Outstanding (Diluted) | 471.1 M | 471.1 M | 471.1 M | 471.1 M | 471.1 M | 471.1 M | 471.1 M | 471.1 M | 471.1 M | 471.1 M |
Income Statement (Quarterly)
| Year | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|---|---|---|---|
| Revenue | 1.09T CLP | 1.80T CLP | 733.43B CLP | 1.23T CLP |
| Gross Profit | 521.35B CLP | 1.10T CLP | 733.43B CLP | 705.96B CLP |
| Operating Income | 304.48B CLP | 279.77B CLP | 336.39B CLP | 450.96B CLP |
| EBITDA | 337.60B CLP | 313.77B CLP | 370.90B CLP | 483.10B CLP |
| Net Income | 247.51B CLP | 223.78B CLP | 273.19B CLP | 382.57B CLP |
| EPS | $524.00 | $540.00 | $580.00 | $812.00 |
| EPS (Diluted) | $524.00 | $540.00 | $580.00 | $812.00 |
Balance Sheet (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.17T CLP | 2.45T CLP | 2.59T CLP | 4.22T CLP | 3.87T CLP | 5.26T CLP | 5.27T CLP | 5.78T CLP | 5.12T CLP | 5.24T CLP |
| Short-term Investments | 3.39T CLP | 2.57T CLP | 2.47T CLP | 4.28T CLP | 7.30T CLP | 5.87T CLP | 6.03T CLP | 4.74T CLP | 2.50T CLP | 1.40T CLP |
| Receivables | 1.65T CLP | 1.56T CLP | 190.36B CLP | 270.82B CLP | 203.55B CLP | 297.28B CLP | 509.03B CLP | 382.23B CLP | 1.29T CLP | 99.44B CLP |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 8.21T CLP | 6.67T CLP | 5.73T CLP | 8.78T CLP | 11.37T CLP | 11.76T CLP | 11.81T CLP | 10.90T CLP | 8.98T CLP | 6.79T CLP |
| Property, Plant & Equipment | 257.38B CLP | 242.55B CLP | 253.59B CLP | 408.33B CLP | 388.85B CLP | 374.82B CLP | 371.89B CLP | 352.27B CLP | 312.64B CLP | 272.44B CLP |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 58.09B CLP | 63.22B CLP | 66.92B CLP | 73.39B CLP | 82.54B CLP | 95.41B CLP | 107.79B CLP | 97.55B CLP | 88.67B CLP | 91.47B CLP |
| Total Assets | 37.01T CLP | 35.80T CLP | 39.13T CLP | 50.57T CLP | 55.70T CLP | 63.84T CLP | 68.42T CLP | 71.09T CLP | 68.40T CLP | 68.15T CLP |
| Accounts Payable | 305.78B CLP | 370.24B CLP | 344.06B CLP | 375.71B CLP | 376.22B CLP | 607.95B CLP | 603.01B CLP | 492.28B CLP | 528.72B CLP | 647.79B CLP |
| Short-term Debt | 0 | 0 | 48.55B CLP | 0 | 0 | 86.63B CLP | 315.36B CLP | 282.58B CLP | 276.59B CLP | 2.76T CLP |
| Total Current Liabilities | 175.80B CLP | 210.84B CLP | 22.24T CLP | 223.73B CLP | 241.43B CLP | 27.02T CLP | 442.67B CLP | 513.00B CLP | 30.69T CLP | 32.72T CLP |
| Long-term Debt | 9.27T CLP | 8.81T CLP | 9.95T CLP | 13.44T CLP | 14.55T CLP | 10.15T CLP | 10.45T CLP | 12.32T CLP | 14.38T CLP | 13.08T CLP |
| Total Liabilities | 34.11T CLP | 32.70T CLP | 35.89T CLP | 47.10T CLP | 52.00T CLP | 59.41T CLP | 63.46T CLP | 65.77T CLP | 63.04T CLP | 62.41T CLP |
| Retained Earnings | 330.65B CLP | 395.37B CLP | 373.62B CLP | 393.68B CLP | 410.50B CLP | 647.07B CLP | 679.44B CLP | 537.46B CLP | 499.17B CLP | 661.60B CLP |
| Total Equity | 2.87T CLP | 3.07T CLP | 3.20T CLP | 3.40T CLP | 3.62T CLP | 4.33T CLP | 4.85T CLP | 5.19T CLP | 5.25T CLP | 5.62T CLP |
| Total Debt | 9.27T CLP | 8.81T CLP | 10.17T CLP | 13.60T CLP | 14.69T CLP | 10.38T CLP | 10.90T CLP | 12.71T CLP | 14.73T CLP | 15.88T CLP |
| Net Debt | 2.71T CLP | 3.79T CLP | 5.10T CLP | 5.09T CLP | 3.53T CLP | -758.69B CLP | -405.56B CLP | 2.19T CLP | 7.11T CLP | 9.24T CLP |
| Working Capital | 8.04T CLP | 6.46T CLP | -16.51T CLP | 8.55T CLP | 11.12T CLP | -15.27T CLP | 11.37T CLP | 10.38T CLP | -21.70T CLP | -25.93T CLP |
Balance Sheet (Quarterly)
| Year | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|---|---|---|---|
| Cash & Equivalents | 3.96T CLP | 5.24T CLP | 1.88T CLP | 4.13T CLP |
| Total Assets | 68.24T CLP | 68.15T CLP | 69.90T CLP | 70.32T CLP |
| Total Liabilities | 63.53T CLP | 62.41T CLP | 65.00T CLP | 65.19T CLP |
| Total Equity | 4.59T CLP | 5.62T CLP | 4.74T CLP | 4.97T CLP |
| Total Debt | 15.20T CLP | 15.88T CLP | 47.69T CLP | 13.88T CLP |
Cash Flow (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 478.43B CLP | 575.25B CLP | 599.69B CLP | 621.31B CLP | 215.99B CLP | 842.47B CLP | 792.28B CLP | 496.40B CLP | 852.96B CLP | 1.05T CLP |
| Depreciation & Amortization | 65.36B CLP | 77.82B CLP | 79.28B CLP | 106.09B CLP | 109.43B CLP | 122.06B CLP | 129.99B CLP | 143.76B CLP | 141.44B CLP | 135.16B CLP |
| Stock-based Compensation | 0 | 0 | 0 | 0 | -1.59B CLP | -315.0M CLP | -1.17B CLP | 2.12B CLP | -825.0M CLP | 0 |
| Change in Working Capital | -1.20T CLP | -1.11T CLP | -867.54B CLP | -516.45B CLP | -697.87B CLP | -4.74T CLP | -923.77B CLP | -2.63T CLP | 470.59B CLP | 483.65B CLP |
| Operating Cash Flow | 736.15B CLP | -416.36B CLP | 1.02T CLP | 1.86T CLP | -819.99B CLP | -3.19T CLP | -358.99B CLP | -2.17T CLP | 482.39B CLP | 704.90B CLP |
| Capital Expenditure | -89.64B CLP | -91.39B CLP | -97.89B CLP | -90.25B CLP | -85.78B CLP | -57.99B CLP | -113.29B CLP | -56.66B CLP | -107.72B CLP | -80.50B CLP |
| Acquisitions | -1.12B CLP | -3.0M CLP | 0 | 0 | 7.57B CLP | 0 | 18.69B CLP | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -336.66B CLP | -330.64B CLP | -423.61B CLP | -355.14B CLP | -331.25B CLP | -310.47B CLP | -464.98B CLP | -485.19B CLP | -347.48B CLP | -570.84B CLP |
| Free Cash Flow | 646.52B CLP | -507.75B CLP | 924.60B CLP | 1.77T CLP | -905.78B CLP | -3.24T CLP | -472.28B CLP | -2.22T CLP | 374.67B CLP | 624.40B CLP |
Cash Flow (Quarterly)
| Year | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|---|---|---|---|
| Operating Cash Flow | -365.64B CLP | -213.62B CLP | -113.36B CLP | 0 |
| Capital Expenditure | -72.19B CLP | -2.65B CLP | -8.19B CLP | 0 |
| Free Cash Flow | -437.83B CLP | -216.26B CLP | -121.56B CLP | 0 |
| Dividends Paid | 0 | 0 | -631.92B CLP | 0 |
| Stock-based Compensation | 0 | 0 | 0 | -946.0M CLP |
Growth & Margins (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue Growth (YoY) | -2.3% | +7.0% | +6.3% | -4.8% | +26.1% | +39.9% | +10.6% | -6.1% | -5.0% | |
| Net Income Growth (YoY) | +18.2% | +5.8% | +4.0% | -11.5% | +53.8% | -6.0% | -26.9% | +47.2% | +19.8% | |
| EPS Growth (YoY) | +19.5% | +4.7% | +4.8% | -11.6% | +53.6% | -6.0% | -37.4% | +72.2% | +23.4% | |
| Shares Change (YoY) | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | -0.0% | |
| FCF Growth (YoY) | -178.5% | +282.1% | +90.9% | -151.3% | -258.2% | +85.4% | -370.5% | +116.9% | +66.7% | |
| Gross Margin | 52.6% | 58.2% | 56.6% | 56.3% | 58.3% | 58.5% | 39.1% | 30.4% | 42.6% | 48.8% |
| Operating Margin | 23.2% | 29.0% | 28.9% | 28.3% | 26.0% | 31.8% | 19.1% | 13.2% | 22.0% | 26.7% |
| EBITDA Margin | 25.8% | 32.2% | 31.9% | 32.0% | 30.1% | 35.5% | 21.8% | 16.0% | 24.9% | 29.6% |
| Net Margin | 18.8% | 22.8% | 22.5% | 22.0% | 20.5% | 25.0% | 16.8% | 11.1% | 17.4% | 21.9% |
| FCF Margin | 25.6% | -20.5% | 35.0% | 62.8% | -33.9% | -96.2% | -10.0% | -42.6% | 7.6% | 13.4% |
| Effective Tax Rate | 18.6% | 20.2% | 21.9% | 22.0% | 20.5% | 20.6% | 10.4% | 14.1% | 20.4% | 16.7% |
Per-Share Data (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FCF Per Share | $1,372.31 | $-1,077.77 | $1,962.58 | $3,747.14 | $-1,922.62 | $-6,887.75 | $-1,002.47 | $-4,716.34 | $795.28 | $1,325.38 |
| Dividends Per Share | $714.60 | $701.83 | $899.17 | $753.83 | $703.13 | $659.01 | $986.97 | $1,029.88 | $737.58 | $1,211.68 |
| Shares Outstanding (Basic) | 471.1 M | 471.1 M | 471.1 M | 471.1 M | 471.1 M | 471.1 M | 471.1 M | 471.1 M | 471.1 M | 471.1 M |
What to look at in Banking companies
- Efficiency Ratio (<=55%) — Operating expenses / revenue. Top banks below 55%.
- ROA (>=1%) — How much they earn per dollar of assets. ROE misleads in banks due to leverage.
- ROTCE (>=12%) — Return on Tangible Common Equity. Strips goodwill and intangibles.
- Equity / Assets (Tier 1 proxy) (>=8%) — Capital ratio proxy. Regulatory Tier 1 is not in our data.
- P/B (1.0-1.5x) — Classic banking metric. <1x can be opportunity or distress.
- Sustainable dividend yield (>=2%, <8%) — EU banks pay 5-7% normally. >8% is distress signal.
Profitability
| Return on Equity | 22.03% |
| Return on Invested Capital | 1.45% |
| Return on Assets | 1.43% |
| Gross Margin | 61.21% |
| Operating Margin | 29.79% |
| Net Margin | 24.78% |
Financial Health
| Debt / Equity | 1.95 |
| Current Ratio | 0.00 |
| Piotroski F-Score | 6 |
| Altman Z-Score | -0.19 |
Key Ratios (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | 14.58 | 16.55 | 16.50 | 13.17 | 11.58 | 7.75 | 8.03 | 16.34 | 10.39 | 12.58 |
| P/B | 2.40 | 3.05 | 3.05 | 2.40 | 1.75 | 1.51 | 1.31 | 1.56 | 1.69 | 2.36 |
| P/S | 2.73 | 3.79 | 3.69 | 2.91 | 2.37 | 1.94 | 1.35 | 1.55 | 1.81 | 2.84 |
| Gross Margin | 52.6% | 58.2% | 56.6% | 56.3% | 58.3% | 58.5% | 39.1% | 30.4% | 42.6% | 48.8% |
| Operating Margin | 23.2% | 29.0% | 28.9% | 28.3% | 26.0% | 31.8% | 19.1% | 13.2% | 22.0% | 26.7% |
| Net Margin | 18.8% | 22.8% | 22.5% | 22.0% | 20.5% | 25.0% | 16.8% | 11.1% | 17.4% | 21.9% |
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Explore sector: Financial Services · Banks - Regional
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