Banco Santander-Chile Reports Q3 GAAP EPADR Miss Amid Profit Growth
Banco Santander-Chile (BSAC) reported third-quarter financial results showing a GAAP Earnings Per Adjusted Deposit (EPADR) of $0.50, which fell short of expectations by $0.24. Despite the miss in this specific metric, the bank demonstrated strong underlying performance with an 11.9% year-over-year increase in profit. The company reported a Return on Average Equity (ROAE) of 24.5% for the third quarter. Additionally, total equity grew by 5.7% during the year, supported by a dividend distribution provision set at 70%.