Banco Santander-Chile: Q1 Earnings Snapshot

SANTIAGO CHILE, Chile (AP) — SANTIAGO CHILE, Chile (AP) — Banco Santander-Chile (BSAC) on Tuesday reported first-quarter earnings of $127.1 million.

The Santiago Chile, Chile-based bank said it had earnings of 26 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

The financial holding company posted revenue of $1.23 billion in the period. Its revenue net of interest expense was $524.1 million, also missing Street forecasts.

Banco Santander-Chile shares have decreased 5% since the beginning of the year. The stock has fallen roughly 3% in the last 12 months.


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