Banco Santander Chile Q2 net income up 62.8% YoY to $550 bln.

• Banco Santander Chile reports Q2 2025 ROAE of 24.5%, up from 15.8% YoY. • Net income attributable to shareholders increases 62.8% YoY to $550 billion. • Operating income rises 22.0% YoY, driven by net interest and readjustment income. • Fees and financial transaction results contribute to growth. • Q2 2025 net income slightly down from Q1 2025.

Banco Santander Chile reported robust financial performance for the second quarter of 2025, with a return on equity (ROAE) of 24.5%, up from 15.8% year-over-year (YoY). The bank's net income attributable to shareholders increased by 62.8% YoY to $550 billion, marking a significant improvement over the previous period [2].

Operating income for the quarter rose by 22.0% YoY, driven by strong net interest and readjustment income. This growth was bolstered by higher fees and results from financial transactions, contributing to the overall increase in operating income. Despite a slight decrease in net income from the previous quarter (1Q2025), the bank's performance remains strong, with a solid ROAE of 24.5% [2].

The bank's efficiency ratio improved to 35.3% as of June 30, 2025, indicating better operational efficiency. This improvement is partly due to the bank's ongoing transformation, including the migration from the Mainframe to the Cloud as part of the Gravity project. Additionally, the bank's capital adequacy remains strong, with a CET1 ratio of 10.9% and an overall Basel III ratio of 17.0% [2].

Santander Chile's customer base continues to expand, with total customers increasing by 11.5% YoY and digital customers growing by 7.9% YoY. The bank's market share in checking accounts remains strong at 22.4%, driven by increased customer demand for US dollar checking accounts and the success of digital product strategies. Net commissions increased by 13.2%, reaching a recurrence ratio of 61.9% [2].

The bank's results demonstrate its commitment to growth and operational excellence, positioning it as a leader in the Latin American banking sector. Despite the slight decrease in net income from the previous quarter, the bank's strong performance in Q2 2025 underscores its resilience and strategic direction.

References:
[1] https://www.santander.com/en/press-room/press-releases/2025/07/q2-2025-santander-bank-results
[2] https://www.morningstar.com/news/globe-newswire/9503650/banco-santander-chile-announces-second-quarter-2025-earnings