UPDATE: Banco Santander-Chile (BSAC) Tops Q3 EPS by 2c

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Go back to UPDATE: Banco Santander-Chile (BSAC) Tops Q3 EPS by 2c

Banco Santander-Chile Announces Third Quarter 2020 Earnings

October 30, 2020 7:30 AM EDT

SANTIAGO, Chile, Oct. 30, 2020 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its unaudited results1 for the nine month period ended September 30, 2020 and third quarter 2020 (3Q20).

Net income increases 23.9% QoQ

Net income attributable to shareholders in 3Q20 totaled Ch$105,139 million (Ch$ 0.56 per share and US$ 0.28 per ADR). It is important to point out that 3Q20 results include an additional provision of Ch$30,000 million recognized in order to increase coverage ratios considering the uncertainty... More