Banco Santander-Chile (BSAC) Tops Q1 EPS by 4c

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Banco Santander-Chile Announces First Quarter 2023 Earnings

April 28, 2023 8:00 AM EDT

SANTIAGO, Chile, April 28, 2023 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its resultsi for the three-month period ended March 31, 2023, and first quarter 2023 (1Q23).

Net income attributable to shareholders in 3M23 decreased 42.4% YoY, (Ch$0.72 per share and US$ 0.36 per ADR) with the Banks ROAE in 3M22 reaching 13.3%. Compared to 4Q22, net income attributable to shareholders in 1Q23 increased 33.3% YoY, (Ch$0.72 per share and US$ 0.36 per ADR) with the Banks ROAE improving from 10.1% in 4Q22 to 13.3% in the quarter. Our business segments continue to grow solidly with our corporate... More