Banco Santander-Chile (BSAC)

Banco Santander-Chile Income Statement

Financials in millions CLP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	3,761,001	3,872,573	2,850,175	1,617,797	1,707,515	2,321,381
Interest Paid on Deposits	2,427,936	3,130,089	2,247,808	-193,113	75,297	904,417
Net Interest Income	1,333,065	742,484	602,367	1,810,910	1,632,218	1,416,964
Net Interest Income Growth (YoY)	114.75%	23.26%	-66.74%	10.95%	15.19%	0.18%
Income From Trading Activities	-10,884	91,761	78,191	-28,602	43,246	-
Gain (Loss) on Sale of Assets	-1,287	13,558	6,223	2,297	2,326	5,637
Gain (Loss) on Sale of Investments	-129,762	-120,934	-1,628	22,199	47,554	63,546
Gain (Loss) on Sale of Equity Investments	8,835	8,763	10,310	-475	1,388	-
Other Non-Interest Income	1,249,598	1,214,768	1,549,736	460,240	288,511	424,649
Total Non-Interest Income	1,116,500	1,207,916	1,642,832	455,659	383,025	493,832
Non-Interest Income Growth (YoY)	-8.80%	-26.47%	260.54%	18.96%	-22.44%	21.05%
Revenues Before Loan Losses	2,449,565	1,950,400	2,245,199	2,266,569	2,015,243	1,910,796
Provision for Loan Losses	514,830	473,592	370,727	291,228	477,761	323,311
Revenue	1,934,735	1,476,808	1,874,472	1,975,341	1,537,482	1,587,485
Revenue Growth (YoY)	40.67%	-21.21%	-5.11%	28.48%	-3.15%	5.49%
Salaries and Employee Benefits	393,739	410,156	415,977	397,990	410,259	410,472
Occupancy Expenses	142,185	143,762	129,993	122,055	109,426	106,092
Selling, General & Administrative	365,793	320,040	306,941	277,921	246,642	233,297
Other Non-Interest Expense	67,209	32,747	107,205	102,835	68,557	48,491
Total Non-Interest Expense	968,926	906,705	960,116	900,801	834,884	797,206
EBT Excluding Unusual Items	965,809	570,103	914,356	1,074,540	702,598	790,279
Asset Writedown	-1,912	-1,912	-	-	-638	-2,726
Legal Settlements	-798	-1,081	-1,210	-493	-330	-619
Other Unusual Items	-	-	-	-	-6,622	3,073
Pretax Income	940,059	567,155	913,287	1,074,092	695,263	794,688
Income Tax Expense	172,673	56,341	89,430	221,664	142,533	175,074
Earnings From Continuing Operations	767,386	510,814	823,857	852,428	552,730	619,614
Earnings From Discontinued Operations	-	-	-	-	-	1,699
Minority Interest in Earnings	-9,359	-14,410	-15,206	-9,961	-5,116	-2,222
Net Income	758,027	496,404	808,651	842,467	547,614	619,091
Net Income to Common	758,027	496,404	808,651	842,467	547,614	619,091
Net Income Growth	79.93%	-38.61%	-4.01%	53.84%	-11.55%	3.99%
Basic Shares Outstanding	188,446	188,446	188,446	188,446	188,446	188,446
Diluted Shares Outstanding	188,446	188,446	188,446	188,446	188,446	188,446
EPS (Basic)	4.02	2.63	4.29	4.47	2.91	3.29
EPS (Diluted)	4.01	2.63	4.29	4.47	2.91	3.29
EPS Growth	79.37%	-38.69%	-4.04%	53.84%	-11.54%	3.99%
Dividend Per Share	1.844	1.844	2.575	2.467	1.647	1.758
Dividend Growth	-28.38%	-28.38%	4.37%	49.79%	-6.31%	-6.72%
Effective Tax Rate	18.37%	9.93%	9.79%	20.64%	20.50%	22.03%

Source: S&P Capital IQ. Banks template. Financial Sources.