BCH

MKT CAP:$19B

Banco de Chile

Market Cap

$19B

Financial Services·Banks - Regional· Chile·NYSE

Financials·Banks - Regional·NYSE

Stock Price

$38.63+$0.41 (+1.09%)

Apr 24, 2026

Company Details

Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. It operates through Retail Banking, Wholesale Banking, and Treasury and Money Market segments. The company offers de...

CEO

Eduardo Ebensperger Orrego

IPO Date

Aug 2, 2002

Website

portales.bancochile.cl

Key Metrics TTM

Revenue

$4.6B

-9.6% YoY

Net Income

$1.4B

EPS (Diluted)

$2.79

Free Cash Flow

-$491M

Revenue / Share

$9.03

Gross Margin

65.9%

Operating Margin

38.9%

Net Margin

30.9%

FCF Margin

-10.8%

P/S

4.3x

P/E

13.8x

Earnings Reports

Q4 2025

May 5, 2026

PENDING

FY 2025

Feb 3, 2026

$3.4B-34.9%EPS $2.66

Q3 2025

Oct 30, 2025

$1.1BEPS $0.65

Q2 2025

Jul 31, 2025

$1.1B-4.8%EPS $0.68

Q1 2025

Apr 29, 2025

$1.1B-9.4%EPS $0.73

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 20	$802M	$430M	$190M
Q2 20	$694M	$406M	$161M
Q3 20	$571M	$364M	$134M
Q1 21	$601M	$471M	$228M
Q2 21	$618M	$470M	$230M
Q3 21	$661M	$497M	$255M
Q1 22	$927M	$654M	$395M
Q2 22	$1.2B	$829M	$568M
Q3 22	$1.2B	$754M	$465M
Q1 23	$1.2B	$671M	$375M
Q2 23	$1.3B	$758M	$468M
Q1 24	$1.3B	$751M	$431M
Q2 24	$1.2B	$757M	$454M
Q1 25	$1.1B	$772M	$459M
Q2 25	$1.1B	$744M	$434M
Q3 25	$1.1B	$732M	$427M

Valuation

Quarter	P/S	P/E
Q1 20	6.4x	29.7x
Q2 20	6.3x	29.2x
Q3 20	6.9x	35.4x
Q1 21	7.3x	34.7x
Q2 21	7.8x	32.9x
Q3 21	7.9x	29.1x
Q1 22	6.9x	21.7x
Q2 22	5.7x	16.2x
Q3 22	4.9x	13.9x
Q1 23	4.2x	13.0x
Q2 23	3.9x	12.6x
Q1 24	3.9x	14.0x
Q2 24	3.9x	14.2x
Q1 25	4.0x	13.5x
Q2 25	4.1x	13.8x
Q3 25	4.3x	13.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 20	-$765M	-$776M
Q3 20	$297M	$287M
Q1 21	-$2.6B	-$2.6B
Q2 21	$1.8B	$1.8B
Q3 21	$1.2B	$1.2B
Q1 22	-$1.5B	-$1.5B
Q2 22	-$127M	-$146M
Q3 22	$45M	$24M
Q1 23	-$529M	-$548M
Q2 23	-$8M	-$34M
Q1 24	-$97M	-$120M
Q2 24	-$465M	-$485M
Q1 25	$1.5B	$1.4B
Q2 25	$522M	$506M
Q3 25	-$1.6B	-$1.6B
Q4 25	-$841M	-$847M

Capital Expenditures

Quarter	CapEx
Q2 20	$11M
Q3 20	$10M
Q1 21	$21M
Q2 21	$17M
Q3 21	$19M
Q1 22	$11M
Q2 22	$19M
Q3 22	$21M
Q1 23	$19M
Q2 23	$27M
Q1 24	$23M
Q2 24	$21M
Q1 25	$21M
Q2 25	$16M
Q3 25	$6M
Q4 25	$7M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 20	+7.7%	+27.9%
Q2 20	+8.8%	+9.9%
Q3 20	-34.2%	-26.6%
Q1 21	-19.8%	-29.9%
Q2 21	-22.9%	-36.6%
Q3 21	-4.8%	-23.8%
Q1 22	+62.2%	+21.5%
Q2 22	+99.4%	+69.0%
Q3 22	+97.9%	+95.6%
Q1 23	+88.6%	+114.4%
Q2 23	+42.3%	+60.1%
Q1 24	+4.9%	+30.9%
Q2 24	-2.7%	-2.9%
Q1 25	-8.7%	-22.1%
Q2 25	-14.1%	-17.9%
Q3 25	-12.5%	-18.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 20	$0	0.0%
Q3 20	$0	0.0%
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	—

OpEx Breakdown

Quarter	G&A	S&M
Q1 20	$199M	$7M
Q2 20	$211M	$8M
Q3 20	$197M	$6M
Q1 21	$203M	$8M
Q2 21	$141M	$8M
Q3 21	$206M	$7M
Q1 22	$215M	$9M
Q2 22	$236M	—
Q3 22	$258M	—
Q1 23	$98M	$178M
Q2 23	$263M	—
Q1 24	$252M	$11M
Q2 24	$271M	—
Q1 25	$251M	$11M
Q2 25	$278M	—
Q3 25	$276M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$6.0B	$3.1B	$9.0B
Q2 22	$3.7B	$4.1B	$7.9B
Q3 22	$3.8B	$4.1B	$7.9B
Q4 22	$4.0B	$4.5B	$8.5B
Q1 23	$3.8B	$5.7B	$9.5B
Q2 23	$3.0B	$4.8B	$7.8B
Q3 23	$4.1B	$4.0B	$8.0B
Q4 23	$5.6B	$2.0B	$7.6B
Q1 24	$4.1B	$3.6B	$7.7B
Q2 24	$3.6B	$3.1B	$6.7B
Q3 24	$3.0B	$1.1B	$4.1B
Q4 24	$3.5B	$2.3B	$5.8B
Q1 25	$4.3B	$2.1B	$6.4B
Q2 25	$3.6B	$3.3B	$6.8B
Q3 25	$3.0B	$3.6B	$6.6B
Q4 25	$1.9B	$6.1B	$8.0B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 20	505M	0.0%	0.0%
Q2 20	505M	0.0%	0.0%
Q3 20	505M	0.0%	0.0%
Q1 21	505M	0.0%	0.0%
Q2 21	505M	+0.0%	+0.0%
Q3 21	504M	-0.2%	-0.2%
Q1 22	505M	+0.2%	0.0%
Q2 22	505M	+0.0%	+0.0%
Q3 22	505M	+0.0%	-0.0%
Q1 23	505M	-0.0%	+0.2%
Q2 23	505M	0.0%	0.0%
Q1 24	505M	0.0%	-0.0%
Q2 24	505M	0.0%	-0.0%
Q1 25	505M	0.0%	0.0%
Q2 25	505M	0.0%	0.0%
Q3 25	505M	0.0%	0.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 20	$59.2K	14K
Q2 20	$51.2K	14K
Q3 20	$42.2K	14K
Q1 21	$45.8K	13K
Q2 21	$47.0K	13K
Q3 21	$50.4K	13K
Q1 22	$75.5K	12K
Q2 22	$97.6K	12K
Q3 22	$99.6K	12K
Q1 23	$99.4K	13K
Q2 23	$105.1K	13K
Q1 24	$102.9K	12K
Q2 24	$97.4K	12K
Q1 25	$98.0K	12K
Q2 25	$97.5K	12K
Q3 25	$94.7K	12K

Revenue / Employee