Banco Santander-Chile First Quarter 2024 Earnings: EPS: CL$0.64 (vs CL$0.71 in 1Q 2023)

Banco Santander-Chile (SNSE:BSANTANDER) First Quarter 2024 Results

Key Financial Results

• Revenue: CL$411.0b (up 9.6% from 1Q 2023).
• Net income: CL$120.3b (down 11% from 1Q 2023).
• Profit margin: 29% (down from 36% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CL$0.64 (down from CL$0.71 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Banco Santander-Chile Earnings Insights

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Banks industry in South America.

Performance of the market in Chile.

The company's shares are down 3.0% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Banco Santander-Chile that you should be aware of.

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