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Banco Santander Brasil
(NYSE:BSBR)
Banco Santander Brasil (BSBR) vs. SPDR S&P 500 ETF (SPY)
Banco Santander Brasil Business Overview & Revenue Model
Banco Santander Brasil Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 119.86B | 129.02B | 121.36B | 110.90B | 75.34B | 50.88B |
| Gross Profit | 31.74B | 43.92B | 35.54B | 41.96B | 46.50B | 30.90B |
| EBITDA | 14.63B | 21.92B | 14.66B | 22.16B | 27.18B | 12.24B |
| Net Income | 9.31B | 13.37B | 9.45B | 14.29B | 15.53B | 13.42B |
Balance Sheet | ||||||
| Total Assets | 1.59B | 1.24T | 1.12T | 985.45B | 931.21B | 933.58B |
| Cash, Cash Equivalents and Short-Term Investments | 844.00M | 296.96B | 253.04B | 205.07B | 202.81B | 188.67B |
| Total Debt | 0.00 | 135.37B | 144.02B | 126.66B | 98.68B | 70.00B |
| Total Liabilities | 406.00M | 1.12T | 1.00T | 874.77B | 825.23B | 827.49B |
| Stockholders Equity | 1.19B | 119.49B | 114.45B | 110.18B | 105.64B | 105.78B |
Cash Flow | ||||||
| Free Cash Flow | 27.59B | -23.74B | 33.26B | 3.98B | 4.44B | 40.31B |
| Operating Cash Flow | 29.07B | -21.13B | 36.61B | 6.85B | 6.81B | 42.32B |
| Investing Cash Flow | -18.08B | -2.02B | -2.58B | -2.71B | -1.93B | -1.16B |
| Financing Cash Flow | 381.88M | 930.18M | 5.82B | 12.75B | -658.51M | -34.15B |
Banco Santander Brasil Technical Analysis
Banco Santander Brasil Risk Analysis
Banco Santander Brasil Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $28.38B | 16.00 | 18.12% | 4.82% | 8.72% | 27.70% | |
72 Outperform | $39.78B | 11.43 | 11.78% | 2.48% | 5.89% | 34.68% | |
72 Outperform | $16.74B | 14.86 | 24.13% | 4.29% | 12.43% | 56.30% | |
71 Outperform | $22.47B | 17.24 | 21.29% | 5.56% | -11.64% | -8.75% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $6.69B | 23.56 | 7.66% | 2.37% | -55.81% | -78.94% | |
64 Neutral | $25.89B | 24.67 | 9.34% | 4.98% | 1.13% | -11.93% |
Banco Santander Brasil Corporate Events
At a board meeting held on February 2, 2026, Banco Santander (Brasil) S.A.’s directors unanimously approved the election of banker Carlos Ignacio Muñiz Gonzalez Blanch as a new Vice President Executive Officer, to serve a complementary term lasting until the first board meeting following the 2027 Ordinary Shareholders’ Meeting. The appointment, recommended by the bank’s Nomination and Governance Committee, is still contingent on formal approval from the Central Bank of Brazil and the granting of a work visa by the Ministry of Justice and Public Security, underscoring the regulatory and governance steps required before the new executive can effectively assume his role in the bank’s senior leadership team.
The most recent analyst rating on (BSBR) stock is a Buy with a $7.50 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
On January 15, 2026, Banco Santander (Brasil) S.A. held an Extraordinary General Meeting and has now released the final detailed voting map consolidating all distance and in-person votes cast on the meeting’s agenda items. The disclosure, made in accordance with Brazilian securities regulator CVM Resolution 81/22, provides a granular breakdown of shareholder participation by registration number, shareholding position and voting decisions, underscoring the bank’s adherence to local corporate governance and transparency requirements for its investors.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
On January 15, 2026, Banco Santander (Brasil) S.A. announced that its 2026 Ordinary General Shareholders’ Meeting has been scheduled for April 29, 2026. The bank said that further information and documentation related to the meeting will be released in due course, signaling the start of its annual corporate governance and decision-making cycle for shareholders for the 2026 fiscal year.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
At an Extraordinary General Meeting held on January 15, 2026, in São Paulo, Banco Santander (Brasil) S.A. shareholders, representing 95.91% of the bank’s voting capital, approved changes to the composition and size of its Board of Directors. Investors voted to fix the board at 11 members and elected economist Antonio Carlos Quintella as a new independent director for a supplementary term running until the 2027 Ordinary General Meeting, subject to Central Bank of Brazil authorization, and then confirmed the full board slate led by independent chair Deborah Stern Vieitas. The move reinforces Santander Brasil’s governance structure with a high proportion of independent directors and signals continued alignment with Brazilian corporate law and regulatory requirements, which may bolster investor confidence in the bank’s oversight and strategic direction ahead of its next full board renewal in 2027.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
On January 14, 2026, Banco Santander (Brasil) S.A. disclosed the consolidated remote voting results ahead of its Extraordinary General Meeting scheduled for January 15, 2026, detailing shareholder positions on key governance matters. Holders of common shares overwhelmingly approved fixing the number of board members and confirmed the composition of the Board of Directors, including support for independent director candidate Antonio Carlos Quintella and, in the event of cumulative voting, the proportional distribution of votes among selected candidates. The voting map also showed that while a significant minority of shareholders supported the request to establish a fiscal council under Brazilian corporate law, most votes were cast as abstentions, meaning the proposal did not advance to the meeting’s formal agenda, underscoring strong shareholder backing for the bank’s current governance structure with limited momentum for additional oversight bodies at this time.
The most recent analyst rating on (BSBR) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
On January 9, 2026, Banco Santander (Brasil) S.A.’s board of directors approved a proposal to distribute R$2 billion in interest on equity for the 2026 fiscal year, subject to ratification by the 2027 annual shareholders’ meeting. The payout, equivalent to a net R$1.65 billion after withholding tax, will count toward the bank’s mandatory 2026 dividends and will be allocated per common share, preferred share and unit as specified, with shareholders on record at the close of trading on January 20, 2026 eligible and the shares trading ex‑interest as of January 21, 2026; payments are scheduled to begin on February 5, 2026, with ADR holders receiving funds via The Bank of New York Mellon in line with local market rules, underscoring Santander Brasil’s ongoing policy of returning capital to investors while maintaining its dividend commitments.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
At a board meeting held by conference call on January 9, 2026, Banco Santander (Brasil) S.A.’s directors approved the executive board’s proposal to declare and pay R$2 billion in interest on equity for the 2026 base year, equivalent to R$0.25517315448 per common share, R$0.28069046993 per preferred share and R$0.53586362441 per unit before withholding tax. After income tax, the net distribution amounts to R$1.65 billion, or R$0.21051785245 per common share, R$0.23156963769 per preferred share and R$0.44208749014 per unit, and will be fully deducted from the mandatory dividend for 2026. Shareholders of record at the close of trading on January 20, 2026 will be entitled to the payment, with the shares trading ex-interest on equity from January 21, 2026 and cash disbursement scheduled for February 5, 2026, underscoring the bank’s continued commitment to shareholder remuneration within the limits of Brazilian tax legislation.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
On January 2, 2026, Banco Santander (Brasil) S.A.’s board of directors met by videoconference and approved governance changes in its executive team, electing Denis Ferro Junior, Maurício Caliggiuri Inforçati, and Nicolás Vergara as officers without specific designation for a complementary term that runs until the first board meeting following the 2027 ordinary general meeting. At the same meeting, the board promoted existing officer Cezar Augusto Janikian to the role of Vice-President Executive Officer, with all appointments recommended by the bank’s Nomination and Governance Committee and subject to formal authorization from the Central Bank of Brazil, underscoring ongoing adjustments to the bank’s leadership structure and regulatory compliance in its executive management. The minutes were executed in São Paulo and later furnished to the U.S. Securities and Exchange Commission via Form 6-K dated January 6, 2026, reflecting the bank’s continued adherence to disclosure obligations for foreign private issuers in the U.S. capital markets.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
On January 2, 2026, the board of directors of Banco Santander (Brasil) S.A. met by conference call and unanimously approved the dismissal of two officers without specific designation, Sandro Kohler Marcondes and Marilize Ferrazza, formalizing their exoneration from their roles at the bank. The move reflects a targeted adjustment in the bank’s management structure at the officer level, but the minutes provide no indication of broader strategic shifts or operational changes arising from these personnel decisions, suggesting limited direct impact on day-to-day operations or the bank’s overall strategic positioning.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
On December 22, 2025, Banco Santander (Brasil) S.A.’s board of directors approved the executive board’s proposal, subject to ratification at the 2026 ordinary shareholders’ meeting, to distribute R$620 million in interest on equity for the 2025 financial year, corresponding to a net amount of R$527 million after withholding tax. The approved payment, which forms part of the bank’s mandatory dividend for 2025, will be based on the shareholder record at the close of trading on January 2, 2026, with the stock trading ex-interest from January 5, 2026 and cash disbursement starting February 5, 2026; holders of ADRs listed on the NYSE will receive the payment through BNY Mellon under local market rules, underlining the bank’s continued commitment to shareholder remuneration in both domestic and international markets.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
On December 22, 2025, the board of directors of Banco Santander (Brasil) S.A. met by conference call in São Paulo and approved the executive board’s proposal to declare and pay R$620 million in interest on equity related to fiscal year 2025, equivalent to R$0.07910367789 per common share, R$0.08701404568 per preferred share and R$0.16611772357 per unit, resulting in a net amount of R$527 million after withholding tax, except for immune or exempt shareholders. Shareholders of record at the close of trading on January 2, 2026 will be entitled to this interest, the shares will trade ex‑interest from January 5, 2026, and payment is scheduled for February 5, 2026, with the distribution to be fully credited toward the bank’s mandatory 2025 dividend and structured to comply with tax legislation, underscoring the institution’s ongoing capital return policy to shareholders.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
On December 22, 2025, Banco Santander Brasil announced a planned leadership transition in its finance and investor relations functions, with long-serving executive vice president and Investor Relations Officer Gustavo Alejo Viviani set to step down from his roles, including Chief Financial Officer, at the end of April 2026, subject to regulatory approvals for his successor. The bank will realign its organizational structure to mirror the Santander Group’s model in other markets by consolidating the accounting function under the Chief Financial Officer, and has nominated Carlos Muñiz González-Blanch, currently Global CFO of Santander Corporate & Investment Banking, as the new CFO and Investor Relations Officer, signaling a continuity-focused, globally aligned governance approach intended to preserve operational stability and strategic execution during and after the transition.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
On December 12, 2025, the Board of Directors of Banco Santander Brasil S.A. held a meeting to reappoint Adriana Cristina Papafilipakis Grazian as the company’s Ombudsman for another year. This decision, unanimously approved by the board, reflects the company’s commitment to maintaining consistent leadership in its governance structure, as recommended by the Nomination and Governance Committee.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
On December 15, 2025, Banco Santander Brasil’s Board of Directors convened via videoconference to approve a Management Proposal for an Extraordinary General Meeting scheduled for January 15, 2026. The meeting aims to address the composition of the Board of Directors, including fixing the number of members and electing a new board member, which could impact the company’s governance and strategic direction.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
Banco Santander Brasil has announced an Extraordinary General Meeting (EGM) scheduled for January 15, 2026, to address key governance matters. The agenda includes fixing the number of board members, electing a new board member, and confirming the board’s composition. This meeting underscores the company’s commitment to robust governance practices, encouraging shareholder participation through various channels, including remote voting, to ensure inclusive decision-making.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
Banco Santander Brasil has announced an Extraordinary General Meeting (EGM) scheduled for January 15, 2026, to address key matters regarding its Board of Directors. The agenda includes fixing the number of board members, electing a new board member, and confirming the board’s composition. This meeting reflects the company’s ongoing commitment to effective governance and stakeholder engagement, potentially impacting its strategic direction and operational oversight.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
Banco Santander Brasil has announced an Extraordinary General Meeting (EGM) scheduled for January 15, 2026. The meeting will address the composition of the company’s Board of Directors, including fixing the number of members and electing a new member. This EGM is significant as it allows shareholders to engage closely with the company’s management and participate in decision-making processes, ensuring transparency and security in the transmission of information.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
On December 4, 2025, Banco Santander Brasil announced the issuance of financial bills amounting to BRL 2.3628 billion. These financial bills, which include a subordination clause, are intended to enhance the company’s Tier II Reference Equity, with a maturity term of ten years and a repurchase option starting in 2030. This strategic move is expected to impact the company’s Tier II capitalization ratio, aligning with BCB Resolution No. 122.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
On November 28, 2025, Banco Santander Brasil S.A. held an Extraordinary General Meeting to consolidate votes on various resolutions, as required by CVM Resolution No. 81/22. The meeting’s detailed voting map revealed the participation of shareholders, highlighting their voting patterns on key issues, which could influence the company’s strategic decisions and stakeholder relations.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
On November 28, 2025, Banco Santander Brasil held an Extraordinary General Meeting where shareholders voted on various matters. The detailed voting map shows a strong preference for the proposed resolutions, with most shareholders voting in favor, although there were some abstentions. This meeting reflects the company’s ongoing efforts to engage with its stakeholders and ensure transparency in its decision-making processes.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
On November 28, 2025, Banco Santander Brasil held an Extraordinary General Meeting where shareholders, representing 92.02% of the voting capital, approved several key resolutions. These included the ratification of PricewaterhouseCoopers as the appraiser for the partial spin-off of Return Capital Gestão de Ativos e Participações S.A., and the approval of the merger of the spun-off portion into Banco Santander Brasil. The decisions are expected to streamline operations and potentially enhance the company’s market positioning.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
On November 25, 2025, Banco Santander (Brasil) S.A.’s Board of Directors acknowledged the withdrawal of Mr. Gilson Finkelsztain from his appointment as a Member of the Board. This decision, which was initially approved in an Extraordinary General Meeting on October 16, 2025, is pending approval by the Central Bank of Brazil. As a result, the current composition of the Board remains unchanged, ensuring stability in the company’s governance structure.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
On November 28, 2025, Banco Santander Brasil held an Extraordinary General Meeting where shareholders, representing 95.32% of the voting capital, approved the merger of Santander Leasing S.A. into the company. The meeting ratified the hiring of PricewaterhouseCoopers for the appraisal report and approved the merger protocol and justification. The merger, which will not result in an increase in capital stock or issuance of new shares, is pending approval from the Central Bank of Brazil. This strategic move is expected to streamline operations and enhance Banco Santander Brasil’s market position.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
On November 28, 2025, Banco Santander Brasil S.A. held an Extraordinary General Meeting to discuss several key resolutions, including the ratification of PricewaterhouseCoopers as the appraiser for Santander Leasing and the approval of the merger of Santander Leasing into the company. The meeting saw significant shareholder approval for these resolutions, indicating strong support for the strategic moves aimed at consolidating the company’s operations and enhancing its market position.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
On November 28, 2025, Banco Santander Brasil held an Extraordinary General Meeting to discuss several key resolutions, including the ratification of PricewaterhouseCoopers as the appraiser for a partial spin-off of Return Capital Gestão de Ativos e Participações S.A. The meeting also addressed the approval of the Appraisal Report and the incorporation of the spun-off portion of Return into the company. These resolutions are significant for the company’s strategic operations and may impact its market positioning by potentially enhancing its asset management capabilities.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
On November 24, 2025, Banco Santander Brasil’s Board of Directors convened to approve the resignation of Mr. Ramón Sánchez Santiago, an officer without specific designation, effective December 1, 2025. This decision reflects the company’s ongoing adjustments in its leadership structure, potentially impacting its operational dynamics and strategic direction.
The most recent analyst rating on (BSBR) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.
On November 14, 2025, Banco Santander (Brasil) S.A.’s Board of Directors convened to elect Mr. Pablo Agote Alique as an Officer without specific designation. This decision, recommended by the Nomination and Governance Committee, is pending approval from the Central Bank of Brazil and the Ministry of Justice and Public Security for the necessary work visa. This appointment is part of the company’s strategic leadership adjustments, potentially impacting its governance structure and future operations.
The most recent analyst rating on (BSBR) stock is a Hold with a $5.70 price target. To see the full list of analyst forecasts on Banco Santander Brasil stock, see the BSBR Stock Forecast page.