Banco Santander (Brasil) (BSBR) Company Report

Banco Santander (Brasil) S.A. (Santander Brasil) has issued financial bills with a subordination clause.
The total amount of the issuance is BRL 2,362,800,000.00.
The proceeds from these financial bills will be used to compose the Company's Tier II Reference Equity, which will impact its Tier II capitalization ratio.
The financial bills have a 10-year maturity term and include a repurchase option starting in 2030.

2 days ago

6-K

Banco Santander (Brasil) S.A. Reports Strong 9M 2025 Financial Performance and Approves Dividend

BSBR

Earnings

Dividends

Accounting Changes

For the first nine months of 2025, Banco Santander (Brasil) S.A. reported a Managerial Net Profit of R$11.5 billion, representing a 15.1% increase year-over-year, and an Accounting Net Profit of R$11.316 billion, up 16.3%.
The company achieved a Return on Average Equity (ROAE) of 17.1% for the first nine months of 2025, an increase of 1.5 percentage points compared to the same period in 2024.
The expanded loan portfolio grew by 3.8% compared to September 2024, with consumer finance and small and medium enterprises portfolios growing by 12.6% and 12.4%, respectively.
The Board of Directors approved the distribution of R$2,000,000,000.00 in Interest on Equity on October 10, 2025, to be paid from November 7, 2025.
The company is assessing the impacts of upcoming IFRS amendments (IFRS 9, IFRS 7, IFRS 18, IFRS 19) which are effective for reporting periods beginning on or after January 1, 2026, and January 1, 2027.

Oct 31, 2025, 3:39 PM

6-K

Banco Santander (Brasil) S.A. proposes two mergers to simplify corporate structure

BSBR

M&A

Banco Santander (Brasil) S.A. (BSBR) announced its Board of Directors resolved to submit two merger transactions for shareholder consideration at Extraordinary General Meetings on November 28, 2025.
The first transaction involves the merger of a spun-off portion of Return Capital Gestão de Ativos e Participações S.A., a wholly-owned subsidiary, into BSBR. This transaction will transfer 97% of Return's net equity, with a net book value of R$8,460,000,000.00 as of September 30, 2025.
The second transaction is the merger of Santander Leasing S.A. Arrendamento Mercantil, another wholly-owned subsidiary, into BSBR. This merger is contingent on BACEN approval.
Both mergers aim to centralize activities, optimize capital structure, simplify the corporate structure, and reduce administrative costs. The estimated total costs for each merger are not expected to exceed R$450,000.00.

Oct 29, 2025, 10:33 PM

6-K

Banco Santander (Brasil) S.A. to Vote on Partial Spin-Off and Merger

BSBR

M&A

Banco Santander (Brasil) S.A. (BSBR) will hold an Extraordinary General Meeting on November 28, 2025, to approve the partial spin-off of its wholly-owned subsidiary, Return Capital Gestão de Ativos e Participações S.A., and the subsequent merger of the spun-off portion into Santander Brasil.
The spun-off portion, representing 97% of Return's net equity, is valued at R$8,460,000,000.00 (eight billion, four hundred and sixty million Brazilian reais) based on an appraisal as of September 30, 2025.
This transaction aims to unify activities, simplify the corporate structure, optimize capital, and reduce administrative costs, without resulting in a capital increase or share dilution for Santander Brasil.

Oct 29, 2025, 10:16 PM

6-K

Santander Brasil Reports Q3 2025 Net Profit of R$4.0 Billion with 17.5% ROAE

BSBR

Earnings

Revenue Acceleration/Inflection

Banco Santander (Brasil) S.A. reported a net profit of R$ 4.0 billion in the third quarter of 2025, representing a 9.6% increase quarter-over-quarter and a 9.4% increase year-over-year.
The company's Return on Average Equity (ROAE) was 17.5% for Q3 2025, expanding by 1.2 percentage points quarter-over-quarter and 0.5 percentage points year-over-year.
The expanded loan portfolio grew to R$ 688.8 billion, an increase of 2.0% quarter-over-quarter and 3.8% year-over-year.
Net Interest Income (NII) reached R$ 15.2 billion in Q3 2025, a 1.2% decline quarter-over-quarter and a 0.1% decline year-over-year, while fees increased to R$ 5.5 billion, up 6.7% quarter-over-quarter and 4.1% year-over-year.
The cost of risk was 3.86%, remaining stable quarter-over-quarter and increasing by 0.2 percentage points year-over-year.

Oct 29, 2025, 5:14 PM

6-K

Banco Santander (Brasil) S.A. Reports Strong Q3 2025 Net Profit and Operational Efficiency

BSBR

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Banco Santander (Brasil) S.A. reported a net profit of BRL 4 billion in Q3 2025, an almost 10% increase quarter-on-quarter and year-on-year, with profitability (ROE) reaching 17.5%.
The company demonstrated strong operational performance, with client Net Interest Income (NII) growing 2.7% quarter-on-quarter and fees increasing 6.7% quarter-on-quarter.
Expense management was highly efficient, with expenses growing only 0.2% quarter-on-quarter and decreasing 0.5% year-on-year, resulting in an efficiency ratio of 37.5%.
The rollout of the "One App" is progressing well, with 2.3 million customers already using it and 80% rating it as excellent, supporting the company's focus on digital transformation, hyper-personalization, and AI.
The total customer base expanded significantly, exceeding 73 million in October, representing a 7% year-on-year growth.

Oct 29, 2025, 1:00 PM

Transcript

Banco Santander Brasil Reports Strong Q3 2025 Results

BSBR

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Net profit for Q3 2025 reached BRL 4 billion, an almost 10% increase quarter-on-quarter and year-on-year, with profitability (ROE) at 17.5%.
Client Net Interest Income (NII) grew 2.7% quarter-on-quarter and 11.1% year-on-year, complemented by a 6.7% quarter-on-quarter increase in fees.
The company demonstrated efficient expense management, with expenses growing only 0.2% quarter-on-quarter and decreasing 0.5% year-on-year, contributing to an improved efficiency ratio of 37.5%.
Asset quality improved, with 15-90 day arrears decreasing to 3.9% and a 90-day NPL rate of 3.4%. The bank continues its strategy to de-risk its portfolio and shift its funding mix towards retail deposits.

Oct 29, 2025, 1:00 PM

Transcript

Banco Santander Brasil Reports Strong Q3 2025 Net Profit and Efficiency Gains

BSBR

Earnings

Product Launch

Revenue Acceleration/Inflection

Banco Santander Brasil achieved a net profit of BRL 4 billion in Q3 2025, representing a 10% increase quarter-on-quarter and year-on-year, with profitability (ROE) returning to 17.5%.
The company saw positive financial momentum, with client Net Interest Income (NII) growing 2.7% quarter-on-quarter and 11.1% year-on-year, and fees increasing 6.7% quarter-on-quarter.
Expense management was highly effective, with expenses growing only 0.2% quarter-on-quarter (practically flat) and decreasing 0.5% year-on-year, leading to an improved efficiency ratio of 37.5%.
The total customer base expanded to over 73 million in October, a 7% year-on-year growth, supported by the rollout of the new "One App", which is already used by 2.3 million customers.
Management is focused on disciplined loan portfolio growth for profitability and a better risk-return ratio, with a long-term goal of achieving a 30% efficiency ratio.

Oct 29, 2025, 1:00 PM

Transcript

Banco Santander (Brasil) S.A. Announces New Share Buyback Program

BSBR

Share Buyback

Banco Santander (Brasil) S.A. approved a new share buyback program following the expiration of a previous one on August 6th, 2025.
The program authorizes the purchase of up to 37,463,477 Units or ADRs, which represented approximately 1% of the Company's total capital stock as of June 30th, 2025.
The buyback's purpose is to maximize shareholder value through efficient capital structure management and to enable payments for long-term incentive plans for employees.
This program will run for eighteen months, starting on September 26th, 2025, and expiring on March 26th, 2027.