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Stock impact report

Banco Santander-Chile Announces First Quarter 2021 Earnings

Banco Santander - Chile ADS (BSAC) 
Last banco santander - chile ads earnings: 4/29 08:50 am Check Earnings Report
Company Research Source: GlobeNewswire
SANTIAGO, Chile, April 30, 2021 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its unaudited results1 for the three month period ended March 31, 2021 and first quarter 2021 (1Q21). ________________________1 The information contained in this report is unaudited and is presented in accordance with Chilean Bank GAAP as defined by the Financial Markets Commission (CMF). Net income attributable to shareholder up 26.2% YoY in 1Q21, with ROAE of 20.4% Net income attributable to shareholders in 1Q21 totaled Ch$183,970 million (Ch$0.96 per share and US$0.54 per ADR), decreasing 1.0% compared to 4Q20 (from now on QoQ) and increasing 26.9% compared to 1Q20. It is important to point out that 1Q21 results include an additional provision of Ch$24,000 million recognized in order to increase coverage ratios considering the uncertainty surrounding the potential impacts on credit quality of the COVID-19 crisis. Strong YoY results were dri Show less Read more
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