Banco Santander-Chile Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

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

Key Financial Results

• Revenue: CL$525.7b (up 46% from 2Q 2023).
• Net income: CL$217.7b (up 71% from 2Q 2023).
• Profit margin: 41% (up from 35% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: CL$1.16 (up from CL$0.68 in 2Q 2023).

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

Banco Santander-Chile Revenues Beat Expectations

Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 14% 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 up 1.6% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Banco Santander-Chile has 1 warning sign we think you should be aware of.

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