Banco de Chile (CHILE) Q3 2025 earnings summary

Executive summary

• Net income for 3Q25 reached CLP 293 billion, up 1.7% year-on-year, with YTD net income at CLP 927 billion, up 1.9%, maintaining market leadership in profitability, efficiency, and capital strength.

• ROAC was 22.4% for 3Q25, with a year-to-date average of 22.3%, and return on average assets at 2.3%.

• Continued strategic focus on efficiency, digital transformation, and customer-centric initiatives, including Socofin integration and AI-driven services expansion.

• Recognized for top customer satisfaction for the third consecutive year.

• Retail Banking led pre-tax income, followed by Wholesale Banking, with subsidiaries and Treasury contributing less.

Financial highlights

• Operating revenues for 3Q25 were CLP 736 billion, up 2.1% year-on-year; YTD revenues were CLP 2,277 billion, up 0.2%.

• Net interest margin for 3Q25 was 4.29%, with a year-to-date average of 4.65%.

• Fee margin as a percentage of interest-earning assets reached 1.3%, with net fee income up 10.0% in 3Q25.

• Efficiency ratio improved to 36.8% YTD and 37.6% in 3Q25.

• Total loans reached CLP 39.6 trillion, up 3.7% year-on-year.

Outlook and guidance

• GDP growth forecast for Chile in 2025 revised to 2.5%, with inflation expected to decline to 3.9% by December 2025.

• FY2025 guidance: ROAC around 22.5%, efficiency near 37%, and cost of risk close to 0.9%.

• Loan book growth projected at 4.0–4.5% in nominal terms by year-end, with demand deposits expected to grow 4.5–5.0%.

• Anticipate loan growth recovery as uncertainty eases and business sentiment improves.

• Confident in maintaining long-term profitability leadership, supported by a strong customer base and robust capital.