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Banco de ChileNYSE:BCH Stock Report

Market Cap US$18.4b
Share Price
US$38.54
US$38.85
0.8% undervalued intrinsic discount
1Y28.4%
7D2.6%
1D
Portfolio Value
​
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Banco de Chile

NYSE:BCH Stock Report

Market Cap: US$18.4b

Banco de Chile (BCH) Stock Overview

Provides commercial banking services in Chile. More details

BCH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance2/6
Financial Health3/6
Dividends5/6

Rewards

Trading at 20.4% below our estimate of its fair value

Earnings are forecast to grow 7.02% per year

Risk Analysis

Unstable dividend track record


BCH Community Fair Values

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Banco de Chile Competitors

Price History & Performance

Summary of share price highs, lows and changes for Banco de Chile
Historical stock prices
Current Share PriceCL$38.54
52 Week HighCL$46.77
52 Week LowCL$27.08
Beta0.12
1 Month Change6.79%
3 Month Change-3.82%
1 Year Change28.42%
3 Year Change80.94%
5 Year Change88.55%
Change since IPO643.15%

Recent News & Updates

Seeking Alpha • Mar 31

Banco De Chile: Leading Profitability And Capital Strength In Chile's Banking Sector

Summary Total operating revenues rose 4.4% year-over-year to CLP749 billion, driven by resilient customer income across retail and commercial segments. Disciplined expense management and digital transformation initiatives reduced operating expenses by 3.5% nominally and 6.7% in real terms year-over-year. Strong operating leverage and efficiency gains produced net consolidated income of CLP266 billion, with core customer business growth offsetting non-customer income declines. I remain optimistic about long-term growth, citing ongoing digital transformation and efficiency ramp-up through 2026 and beyond despite macroeconomic normalization. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Mar 31

Banco De Chile: Leading Profitability And Capital Strength In Chile's Banking Sector

Summary Total operating revenues rose 4.4% year-over-year to CLP749 billion, driven by resilient customer income across retail and commercial segments. Disciplined expense management and digital transformation initiatives reduced operating expenses by 3.5% nominally and 6.7% in real terms year-over-year. Strong operating leverage and efficiency gains produced net consolidated income of CLP266 billion, with core customer business growth offsetting non-customer income declines. I remain optimistic about long-term growth, citing ongoing digital transformation and efficiency ramp-up through 2026 and beyond despite macroeconomic normalization. Read the full article on Seeking Alpha
Seeking Alpha • Feb 17

Banco de Chile Stock: A Low-Beta Proxy For The Copper Commodity

Summary Banco de Chile is a low-beta proxy for copper exposure, providing diversified exposure with reduced volatility compared to direct copper investments. Banco de Chile pays a high dividend yield of over 6%, on top of the copper upside. Banco de Chile is undervalued relative to North American banks but justifiably overvalued compared to Andean peers due to superior creditworthiness, profitability, and market recognition. Read the full article on Seeking Alpha
Seeking Alpha • Dec 21

Banco De Chile: Over 7% Dividend Yield, Currency Stability Possible

Summary BCH has suffered because of the depreciation of the Chilean Peso. For 2025, I’m expecting some stability in the exchange rate, mostly because of a rosy outlook on copper exports. Further, the interest rate differential will no longer hurt the Peso. The earnings outlook remains bright in local currency terms because of a stable margin and satisfactory GDP growth. BCH is offering a dividend yield of 7.2%. Further, it is trading below its P/E (TTM) average. Read the full article on Seeking Alpha
Seeking Alpha • Apr 28

Banco de Chile: The Sugar Rush Is Coming To An End

Summary Banco de Chile has sustained very strong profitability, helped by a higher interest rate environment. The Chilean central bank is now sharply reversing rates, however, and margin pressure is ramping up. The stock isn’t adequately priced for the coming regime shift. Read the full article on Seeking Alpha
Seeking Alpha • Sep 22

Banco de Chile: Excellent Bank At A Fair Price In A Declining Rates Environment

Summary Banco de Chile is probably the best Chilean bank, given its balance sheet quality, excellent efficiency ratio, and outstanding Basel III ratios. Potential regulatory headwinds and disinflation followed by interest rate cuts may affect BCH's profitability and ability to distribute dividends. At the current market price, BCH offers an 8% margin of safety, however. Using price to book BCH is overpriced, especially compared to its regional peers BDORY and CIB. I give BCH a hold rating due to the declining interest rates environment, though I will keep following the Chilean banking system, considering the country`s potential. Read the full article on Seeking Alpha
Seeking Alpha • Aug 26

Banco De Chile: A Standout Chilean Bank But Priced Accordingly

Summary Banco de Chile is navigating an increasingly challenging backdrop. As Q2 showed, the bank is outperforming its peers. But at the current book value premium, most of the positives are already in the price. Read the full article on Seeking Alpha
Seeking Alpha • Nov 02

Banco de Chile GAAP EPS of Ch$3.36, revenue of Ch$778.19B

Banco de Chile press release (NYSE:BCH): Q3 GAAP EPS of Ch$3.36. Revenue of Ch$778.19B (+46.5% Y/Y).
Seeking Alpha • Aug 11

Banco de Chile reports Q2 results

Banco de Chile press release (NYSE:BCH): Q2 bottom line amounted to Ch$431,522M, displaying a significant advance of Ch$267,797M or 163.6% when compared to Ch$163,725 million recorded in the 2Q21. Revenue of Ch846.77B (+72.5% Y/Y).
Seeking Alpha • Jun 23

Banco de Chile Outlook

Banco de Chile is the leading bank in the country. Investing in this stock is one of the simplest ways to gain exposure to Chile’s economy. Chile’s economy has been facing a variety of new challenges since 2019, and multiple economic indicators are at the worst levels experienced in a decade or more. Chile’s banking industry still has a pretty solid foundation, and Banco de Chile is likely the best option to gain exposure to banks in Chile.

Shareholder Returns

BCHUS BanksUS Market
7D2.6%3.3%-3.3%
1Y28.4%21.5%22.3%

Return vs Industry: BCH exceeded the US Banks industry which returned 20.6% over the past year.

Return vs Market: BCH exceeded the US Market which returned 22.5% over the past year.

Price Volatility

Is BCH's price volatile compared to industry and market?
BCH volatility
BCH Average Weekly Movement5.7%
Banks Industry Average Movement3.2%
Market Average Movement7.2%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.1%

Stable Share Price: BCH has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: BCH's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
189311,614Eduardo Orregobancochile.cl

Banco de Chile, together with its subsidiaries, provides commercial banking services in Chile. It operates through four segments: Retail Banking, Wholesale Banking, Treasury, and Subsidiaries. The company offers current account and digital student plans; digital and checking accounts; mortgage loans; credit and debit cards; consumer credit; applications; deposits and savings; financing; autoleasing; online payments; cell phone top-ups; foreign currency; and income accreditation.

Banco de Chile Fundamentals Summary

How do Banco de Chile's earnings and revenue compare to its market cap?
BCH fundamental statistics
Market capUS$18.40b
Earnings (TTM)US$1.23b
Revenue (TTM)US$2.82b
15.7x
P/E Ratio
3.3x
P/B Ratio

Is BCH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BCH income statement (TTM)
RevenueCL$2.59t
Cost of RevenueCL$53.20b
Gross ProfitCL$2.54t
Other ExpensesCL$1.40t
EarningsCL$1.13t

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jun 10, 2026

Earnings per share (EPS)11.21
Gross Margin97.95%
Net Profit Margin43.71%
Debt/Equity Ratio297.4%

How did BCH perform over the long term?

See historical performance and comparison

Dividends

5.7%
Current Dividend Yield
89%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/09 17:46
End of Day Share Price 2026/06/09 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Banco de Chile is covered by 19 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Roberto de Aguiar AttuchBarclays
Ernesto Gabilondo MárquezBofA Global Research
Gustavo SchrodenBradesco S.A. Corretora de Títulos e Valores Mobiliários