Banco Santander-Chile Third Quarter 2024 Earnings: Beats Expectations

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

Key Financial Results

• Revenue: CL$558.5b (up 83% from 3Q 2023).
• Net income: CL$243.1b (up 329% from 3Q 2023).
• Profit margin: 44% (up from 19% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CL$1.29 (up from CL$0.30 in 3Q 2023).

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

Banco Santander-Chile Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in South America.

Performance of the market in Chile.

The company's shares are down 2.6% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Banco Santander-Chile you should be aware of.

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