$BCH

BANK OF CHILE

CIK:0001161125|SEC Filings

Consolidated Statements of Income - CLP ($)
$ in Millions

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Profit or loss [abstract]

Interest and Inflation indexation revenue

$ 3,409,584

$ 3,771,059

$ 4,044,665

Interest and Inflation indexation expense

(1,339,502)

(1,608,304)

(2,123,873)

Net interest and Inflation indexation income

2,070,082

2,162,755

1,920,792

Fee and commission income

774,154

717,347

703,134

Fee and commission expense

(153,451)

(161,039)

(168,450)

Net fee and commission income

620,703

556,308

534,684

Net financial result

272,314

280,480

469,553

Income from investments in other companies

11,983

16,655

13,409

Income (expense) from non-current assets and disposal groups held for sale not admissible as discontinued operations

6,042

(458)

2,807

Other operating income

48,477

51,777

72,939

TOTAL OPERATING INCOME, BEFORE EXPECTED CREDIT LOSSES

3,029,601

3,067,517

3,014,184

Expected credit losses

(394,862)

(352,706)

(201,944)

TOTAL OPERATING INCOME, NET OF EXPECTED CREDIT LOSSES

2,634,739

2,714,811

2,812,240

Personnel expenses

(570,355)

(582,547)

(582,684)

Administrative expenses

(429,633)

(416,696)

^[1]

(403,255)

^[1]

Depreciation and amortization

(95,110)

(94,601)

^[1]

(92,308)

^[1]

Impairment of non-financial assets

(1,882)

(2,851)

(1,762)

Other operating expenses

(33,958)

(36,039)

(36,090)

TOTAL OPERATING EXPENSES

(1,130,938)

(1,132,734)

^[1]

(1,116,099)

^[1]

NET OPERATING INCOME, BEFORE INCOME TAX

1,503,801

1,582,077

1,696,141

Income tax

(318,388)

(333,601)

(322,114)

NET INCOME FOR THE YEAR

1,185,413

1,248,476

^[1]

1,374,027

^[1]

Attributable to:

Bank’s Shareholders

1,185,413

1,248,476

1,374,026

Non-controlling interests

$ 1

Earnings per share:

Basic earnings (in Pesos per share)

$ 11.73

$ 12.36

$ 13.6

Diluted earnings (in Pesos per share)

$ 11.73

$ 12.36

$ 13.6

[1]	The comparative information was aligned with the new segment structure in accordance with IFRS 8.

Consolidated Statements of Cash Flows - CLP ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net operating income, before income tax	$ 1,503,801	$ 1,582,077	$ 1,696,141
Income tax	(318,388)	(333,601)	(322,114)
Net income for the year	1,185,413	1,248,476	1,374,027
Debit (credits) to profit or (loss) that do not represent movements in cash flows:
Depreciation and amortization	95,110	94,601	92,308
Impairment of non-financial assets	1,882	2,851	1,762
Allowances established for credit risk	462,123	421,210	321,829
Provisions for contingent loans	(290)	(4,200)	(53,875)
Impairments for credit risk from financial assets at FVTOCI	4,412	1,009	(2,754)
Fair value of debt financial instruments held for trading at FVTPL	(5,183)	(1,712)	2,318
Change in deferred tax assets and liabilities	(9,721)	(1,482)	44,545
Net gain from investments in associates and joint ventures	(11,983)	(8,730)	(13,409)
Net gain on sale of assets received in payments	(2,153)	(2,361)	(1,358)
Net gain on sale of sale of property and equipment	(6,685)	(938)	(2,971)
Write-off of assets received in lieu of payment or foreclosed at judicial auction	225	1,187	485
Net change in exchange rates, interest, indexation and fees accrued on assets and liabilities	478,831	553,399	203,529
Other debits (credits) that do not represent movements in cash flows	25,089	(6,458)	(60,160)
Changes due to (increases) decreases in operating assets and liabilities:
Net decrease (increase) in loans to banks	263,618	1,853,194	(340,369)
Net (increase) in loans to customers	(767,847)	(1,535,662)	(913,796)
Net decrease (increase) in debt financial instruments held for trading at FVTPL	(1,396,929)	1,627,801	(55,256)
Net (increase) decrease in other assets and liabilities	249,197	(287,129)	(53,404)
Increase (decrease) in deposits and other demand deposits	237,018	942,650	(59,946)
(Decrease) increase in repurchase agreements	179,653	(55,184)	(59,972)
(Decrease) increase in deposits and other term deposits	(182,985)	(1,167,941)	1,288,027
Sale of assets received in lieu of payment	27,280	19,556	14,227
Total net cash from operating activities	826,075	3,694,137	1,725,787
CASH FLOW FROM INVESTING ACTIVITIES:
Net decrease (increase) in debt financial instruments at FVTOCI	(1,473,436)	1,611,197	257,613
Net decrease (increase) in debt financial instruments at amortized cost	380,108	506,337	(493,631)
Payment of principal and interest for obligations under lease contracts	(30,897)	(29,991)	(32,084)
Leasehold improvements	(765)	(872)	(1,993)
Property and equipment purchase	(17,937)	(16,354)	(24,751)
Property and equipment sale	9,065	1,294	3,626
Acquisition of intangibles	(58,597)	(57,617)	(59,955)
Sale of investments in companies		11,791
Dividend received of investments in companies	3,374	3,019	4,675
Total net cash (used in) from investing activities	(1,189,085)	2,028,804	(346,500)
CASH FLOWS FROM FINANCING ACTIVITIES:
Redemption and payment of interest on mortgage finance bonds of credit	(350)	(639)	(1,012)
Redemption and payment of interest on senior bonds	(1,990,111)	(1,447,751)	(1,813,176)
Redemption and payment of interest on subordinated bonds	(52,944)	(50,637)	(52,199)
Issuance of senior bonds	2,742,341	1,012,638	1,224,480
Payment of ordinary share dividends	(995,380)	(815,932)	(866,929)
Increase (decrease) in obligations with foreign banks	318,702	91,361	(42,479)
Increase (decrease) in other financial obligations	88,501	(54,802)	(4,646)
Payment of obligations to the Central Bank of Chile		(4,348,400)
Payment of other long-term borrowings		(17)	(58)
Attributable to non-controlling interest:
Dividends payment and/or withdrawals of paid-in capital related to of the subsidiaries corresponding to the non-controlling interest			(1)
Total net cash from (used in) financing activities	110,759	(5,614,179)	(1,556,020)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FOR THE YEAR	(252,251)	108,762	(176,733)
Effect of exchange rate fluctuations on cash and cash equivalents	(78,110)	164,743	15,637
Cash and cash equivalents at the beginning of the year	3,264,537	2,991,032	3,152,128
Cash and cash equivalents at the end of the year	2,934,176	3,264,537	2,991,032
Interest operating cash flow:
Interest and indexation received	3,514,835	3,645,741	3,542,933
Interest and indexation paid	$ (1,391,336)	$ (1,570,720)	$ (1,434,701)

Consolidated Statements of Financial Position - CLP ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
ASSETS
Cash and deposits in banks	$ 2,590,986	$ 2,699,076
Transactions in the course of collection	414,419	372,456
Financial assets held for trading at fair value through profit or loss:
Derivative financial instruments	1,870,640	2,303,353
Debt financial instruments	3,121,702	1,714,381
Others	402,259	411,689
Financial assets at fair value through other comprehensive income:
Debt financial instruments	3,548,971	2,088,345
Equity instruments	11,232	9,492
Derivative financial instruments for hedging purposes	29,714	73,959
Financial assets at amortized cost:
Rights by resale agreements	100,643	87,291
Debt financial instruments	460,937	944,074
Loans to Banks	398,028	665,715
Commercial loans	19,296,206	19,893,412
Residential mortgage loans	13,896,790	13,197,695
Consumer loans	5,349,315	5,151,755
Investments in other companies	75,828	67,277
Intangible assets	207,988	191,966
Property and equipment	179,414	189,073
Right-of-use assets	79,245	96,879
Current tax assets	1,846	159,869
Deferred tax assets	331,831	322,221
Other assets	1,696,031	1,373,541
Non-current assets and disposal groups held for sale	40,583	42,023
TOTAL ASSETS	54,104,608	52,055,542
LIABILITIES
Transactions in the course of payments	564,172	283,605
Financial liabilities held for trading at fair value through profit or loss:
Derivative financial instruments	2,079,465	2,444,721
Others	512	990
Derivative financial instruments for hedging purposes	297,817	141,040
Financial liabilities at amortized cost:
Current accounts and other demand deposits	14,791,870	14,630,797
Time deposits and saving accounts	14,162,408	14,345,223
Obligations by repurchase agreements	286,915	109,794
Borrowings from financial institutions	1,296,751	1,103,468
Debt financial instruments issued	10,800,851	9,690,069
Other financial obligations	367,323	284,479
Lease liabilities	74,343	91,429
Regulatory capital financial instruments	1,087,093	1,068,879
Provision for dividends	357,679	362,218
Provisions for contingent loan credit risk	85,707	87,485
Other provisions	40,395	43,120
Current tax liabilities	33,809	132
Deferred tax liabilities	1,422	166
Employee benefits	140,153	151,633
Other liabilities	948,076	711,398
TOTAL LIABILITIES	47,416,761	45,550,646
EQUITY
Capital	2,418,833	2,418,833
Reserves	1,381,954	1,338,954
Accumulated other comprehensive income	(9,759)	3,777
Retained earnings:
Retained earnings from previous years	2,069,084	1,857,072
Income for the year	1,185,413	1,248,476
Less: Provision for dividends	(357,679)	(362,218)
Bank’s Shareholders	6,687,846	6,504,894
Non-controlling interests	1	2
TOTAL EQUITY	6,687,847	6,504,896
TOTAL LIABILITIES AND EQUITY	$ 54,104,608	$ 52,055,542