Profit Banco Santander-Chile first quarter 2024: earnings per share exceed expectations, turnover lags behind

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

Main financial results

  • Revenue: CL$418.3 billion (up 12% from Q1 2023).
  • Net profit: CL$120.3 billion (down 11% from Q1 2023).
  • Profit margin: 29% (vs. 36% in the first quarter of 2023). The margin decline was caused by higher costs.
  • EPS: CL$0.64 (compared to CL$0.72 in Q1 2023).
profit and sales growth
SNSE:BSANTANDER Earnings and revenue growth May 4, 2024

All figures in the chart above are for the subsequent 12 month period (TTM).

Banco Santander-Chili earnings per share exceed expectations, revenues lag behind

Sales were 3.1% lower than analysts’ expectations. Earnings per share (EPS) exceeded analyst expectations by 3.3%.

Looking ahead, revenues are expected to grow at an average annual rate of 16% over the next three years, compared to a 13% growth forecast for the banking sector in South America.

Market performance Chili.

The company’s shares are down 1.9% from a week ago.

Risk analysis

We don’t want to rain too much during the parade, but we found that too 1 warning sign for Banco Santander-Chile what you should keep in mind.

Valuation is complex, but we help make it simple.

Invent or Banco Santander-Chile may be over or undervalued if you look at our comprehensive analysis, including fair value estimates, risks and cautions, dividends, insider transactions and financial health.

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