PagSeguro reports Q3 EPS R$1.88 vs. R$1.66 last year

Reports Q3 revenue R$5.11B vs. RS$4.83B last year. The company said, ” The company said, “Our performance this quarter reflects both resilience and progress. During this quarter, we remained disciplined in executing our strategy, expanding our business while preserving profitability in a still challenging macroeconomic environment. Rising interest rates and subdued economic activity continue to weigh on the market, but our focus on financial discipline and operational efficiency has enabled us to protect the bottom line and deliver shareholder value. Higher cash-in volumes and strong customer engagement drove another quarter of robust Banking performance, reinforcing the strategic importance of this vertical within our ecosystem. Banking continues to gain relevance as a growth engine, supported by credit acceleration in the short term focused on working capital loans for merchants. I also highlighted all the efforts to expand our deposit franchise; at the same time, we are focusing on funding cost efficiency. Credit expanded 30%, with non-performing loan ratios remaining below industry levels. These results highlight the strength of our platform and our ability to scale complementary products in a prudent and sustainable way.”