Banco Santander Brasil SA (BSBR)
NYSE:BSBR
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Banco Santander Brasil
(NYSE:BSBR)
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Rating:58Neutral
Price Target:
$6.00
▼(-6.69% Downside)
Action:Reiterated
Date:05/02/26
The score is primarily held back by unstable cash-flow generation despite strong recent revenue growth and solid profitability. Technicals also weaken the outlook given bearish momentum and trading below key moving averages. A high dividend yield provides partial valuation support but is not enough to offset cash-flow and trend risks.
Positive Factors
Rapid revenue growth and solid profitability
Sustained, large revenue acceleration with double-digit EBIT margins indicates strong core demand and operational scale. Over 2–6 months this supports reinvestment, funding for digital and branch initiatives, and a buffer to absorb cyclical shocks while expanding fee and interest income streams.
Negative Factors
Inconsistent cash-flow generation
Volatile operating and free cash flow reduces confidence in earnings quality and makes funding of loan growth, dividends and capital initiatives less predictable. This instability increases reliance on wholesale funding or capital issuance during stress, raising execution risk for multi-quarter strategic plans.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid revenue growth and solid profitability
Sustained, large revenue acceleration with double-digit EBIT margins indicates strong core demand and operational scale. Over 2–6 months this supports reinvestment, funding for digital and branch initiatives, and a buffer to absorb cyclical shocks while expanding fee and interest income streams.
Read all positive factors
Banco Santander Brasil (BSBR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$19.29B
Dividend Yield4.98%
Average Volume (3M)970.67K
Price to Earnings (P/E)15.5
Beta (1Y)0.59
Revenue Growth17.17%
EPS Growth-1.33%
CountryUS
Employees55,303
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.66
Shares Outstanding3,818,695,000
10 Day Avg. Volume1,057,354
30 Day Avg. Volume970,667
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)1.02
Price to Sales (P/S)0.84
P/FCF Ratio95.26
Enterprise Value/Market Cap2.09
Enterprise Value/Revenue0.11
Enterprise Value/Gross Profit0.41
Enterprise Value/Ebitda1.02
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.88
Revenue Forecast (FY)$17.40B
Banco Santander Brasil Business Overview & Revenue Model
Company Description
Banco Santander (Brasil) S.A., together with its affiliated entities, operates as a prominent financial institution delivering an extensive array of banking and financial services. Its diverse client base includes individuals, small and medium-siz...
How the Company Makes Money
Banco Santander Brasil primarily earns money by intermediating funds and charging fees for financial services. Its main revenue stream is net interest income: the bank collects interest on loans and advances (e.g., consumer loans, mortgages/secure...
Banco Santander Brasil Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
66
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 354.84B | 151.54B | 129.02B | 121.36B | 110.90B | 75.34B |
| Gross Profit | 98.34B | 41.70B | 43.92B | 35.54B | 41.96B | 46.50B |
| EBITDA | 39.59B | 19.35B | 21.92B | 14.66B | 22.16B | 27.18B |
| Net Income | 29.04B | 12.77B | 13.37B | 9.45B | 14.29B | 15.53B |
Balance Sheet | ||||||
| Total Assets | 1.29T | 1.27T | 1.24T | 1.12T | 985.45B | 931.21B |
| Cash, Cash Equivalents and Short-Term Investments | 298.24B | 271.43B | 296.96B | 253.04B | 289.90B | 273.39B |
| Total Debt | 133.91B | 129.96B | 135.37B | 135.80B | 126.66B | 98.68B |
| Total Liabilities | 1.17T | 1.14T | 1.12T | 1.00T | 874.77B | 825.23B |
| Stockholders Equity | 126.40B | 125.17B | 119.49B | 114.45B | 110.18B | 105.64B |
Cash Flow | ||||||
| Free Cash Flow | 8.12B | 1.34B | -23.74B | 33.26B | 3.98B | 4.44B |
| Operating Cash Flow | 11.94B | 4.99B | -21.13B | 36.61B | 6.85B | 6.81B |
| Investing Cash Flow | -3.78B | -3.32B | -2.02B | -2.58B | -2.71B | -1.93B |
| Financing Cash Flow | 2.87B | 4.40B | 930.18M | 5.82B | 12.75B | -658.51M |
Banco Santander Brasil Technical Analysis
Negative
6.43
Price Trends
5.76
Negative
6.03
Negative
5.79
Negative
Market Momentum
-0.13
Positive
35.57
Neutral
19.64
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BSBR, the sentiment is Negative. The current price of 6.43 is above the 20-day moving average (MA) of 5.43, above the 50-day MA of 5.76, and above the 200-day MA of 5.79, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 35.57 is Neutral, neither overbought nor oversold. The STOCH value of 19.64 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BSBR.
Banco Santander Brasil Risk Analysis
Banco Santander Brasil disclosed 81 risk factors in its most recent earnings report. Banco Santander Brasil reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Banco Santander Brasil Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $25.44B | 12.22 | 19.66% | 4.82% | 22.61% | 34.04% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $5.62B | 22.06 | 7.28% | 2.37% | 6.98% | 6551.65% | |
64 Neutral | $13.98B | 13.14 | 20.90% | 4.29% | -3.09% | 2.72% | |
61 Neutral | $18.27B | 14.90 | 20.11% | 5.56% | -7.31% | -7.03% | |
58 Neutral | $19.29B | 15.47 | 11.11% | 4.98% | 17.17% | -1.33% | |
53 Neutral | $32.64B | 9.11 | 13.55% | 2.48% | 27.54% | 28.12% |
* Financial Sector Average
BSBR
Banco Santander Brasil
5.22
0.35
7.16%
BBD
Banco Bradesco SA
3.29
0.57
21.09%
BCH
Banco De Chile
36.34
7.27
25.00%
BMA
Banco Macro SA
83.91
12.88
18.13%
BSAC
Banco Santander Chile
29.98
6.38
27.03%
BAP
Credicorp
319.89
116.26
57.09%
Banco Santander Brasil Corporate Events
Santander Brasil Calls July Extraordinary Meeting to Reshape Board of Directors
Jun 2, 2026
On June 2, 2026, Banco Santander (Brasil) S.A.’s board of directors met by videoconference in São Paulo and unanimously approved management’s proposal to convene an extraordinary general meeting for July 2, 2026. The meeting will ...
Banco Santander Brasil Calls July 2026 EGM to Reshape Board
Jun 2, 2026
Banco Santander Brasil has called an Extraordinary General Meeting (EGM) for July 2, 2026, at its São Paulo headquarters to decide on the size of its Board of Directors and elect two new board members. Following these elections, shareholders ...
Banco Santander Brasil Calls July 2, 2026 EGM to Reshape Board of Directors
Jun 2, 2026
Banco Santander Brasil has convened an Extraordinary General Meeting (EGM) for July 2, 2026, at its São Paulo headquarters, calling shareholders to decide on the size of the board of directors, elect two new board members and formally confirm...
Banco Santander Brasil Calls July Extraordinary Meeting to Reshape Board
Jun 2, 2026
Banco Santander (Brasil) S.A. has called an Extraordinary General Meeting for July 2, 2026, at its São Paulo headquarters to decide on changes to its board of directors. Shareholders will set the number of directors, elect two new board membe...
Banco Santander Brasil Moves to Fully Absorb Loyalty Arm Esfera Fidelidade
May 29, 2026
On May 28, 2026, Banco Santander (Brasil) S.A. announced that its board approved a proposal to merge Esfera Fidelidade S.A., its wholly owned loyalty-program subsidiary, into the bank, with the transaction to be submitted to shareholders at an ext...
Santander Brasil Board Clears Esfera Merger Plan, Sets June Shareholder Vote
May 29, 2026
On May 28, 2026, Banco Santander (Brasil) S.A.’s board of directors met by conference call and approved management’s proposal to merge its loyalty company Esfera Fidelidade S.A. into the bank. The board endorsed the protocol and justif...
Banco Santander Brasil Calls June 30 EGM to Approve Esfera Loyalty Platform Merger
May 29, 2026
Banco Santander (Brasil) S.A. has called an Extraordinary General Meeting (EGM) for June 30, 2026, at its São Paulo headquarters, inviting shareholders to vote on a proposed merger of its loyalty company Esfera Fidelidade S.A. into the bank. ...
Banco Santander Brasil Calls June 30 EGM to Approve Esfera Merger
May 29, 2026
Banco Santander Brasil has called an Extraordinary General Meeting (EGM) for June 30, 2026, at its São Paulo headquarters, inviting shareholders to deliberate on a planned corporate reorganization involving Esfera Fidelidade S.A. The agenda c...
Banco Santander Brasil Calls June 30 EGM to Approve Merger of Esfera Fidelidade
May 29, 2026
Banco Santander (Brasil) S.A. has called an Extraordinary General Meeting for June 30, 2026, at its São Paulo headquarters to decide on the appraisal and merger of its loyalty-platform subsidiary Esfera Fidelidade S.A. into the bank. Sharehol...
Banco Santander Brasil Board Confirms Resignation of Vice-President Executive Officer
May 20, 2026
On May 20, 2026, the board of directors of Banco Santander (Brasil) S.A. met by conference call in São Paulo and formally acknowledged the resignation of Christian George Egan from his role as Vice-President Executive Officer. The decision wa...
Banco Santander Brasil Board Elects Gilson Finkelzstain as Next CEO
May 8, 2026
On May 8, 2026, Banco Santander (Brasil) S.A.’s board of directors met by videoconference in São Paulo and unanimously approved the election of Gilson Finkelzstain as the bank’s new chief executive officer. The move follows a succ...
Santander Brasil Renews Audit and Innovation Committees in May 7 Board Meeting
May 7, 2026
On May 7, 2026, Banco Santander (Brasil) S.A.’s board of directors met by conference call and unanimously approved new one‑year mandates for the members of its Audit Committee, whose terms will run until successors are installed after ...
Santander Brasil Publishes Detailed Voting Map from April 29, 2026 Shareholders’ Meeting
May 5, 2026
Banco Santander (Brasil) S.A. has released the final detailed voting map from its Ordinary General Meeting held on April 29, 2026, in São Paulo, consolidating both in-person and distance votes. The disclosure, made in accordance with CVM Reso...
Banco Santander Brasil Files Q1 2026 IFRS Statements Amid Oil-Driven Macro Volatility
May 1, 2026
Banco Santander (Brasil) S.A. released its condensed consolidated financial statements for the quarter ended March 31, 2026, prepared under IFRS and scheduled for publication on April 29, 2026, outlining balance sheet, income, cash flow and segmen...
Banco Santander Brasil Shareholders Approve 2025 Results, Profit Allocation and 2026 Pay at AGM
Apr 29, 2026
At its ordinary general meeting held on April 29, 2026 in São Paulo, Banco Santander (Brasil) S.A. approved the management accounts and financial statements for the fiscal year ended December 31, 2025, with shareholders representing 95.57% of...
Banco Santander Brasil Files April 2026 Form 6-K with U.S. SEC
Apr 29, 2026
Banco Santander (Brasil) S.A., a leading Brazilian banking subsidiary of the global Santander Group, has reaffirmed its status as a foreign private issuer reporting to U.S. regulators under Form 20-F. The bank, headquartered in São Paulo, mai...
Banco Santander Brasil Files Routine April 2026 Form 6-K with U.S. SEC
Apr 29, 2026
Banco Santander (Brasil) S.A. furnished a Form 6-K to the U.S. Securities and Exchange Commission for April 2026, confirming its status as a foreign private issuer that files annual reports on Form 20-F. The filing, dated April 29, 2026, was forma...
Banco Santander Brasil Publishes Remote Voting Map Ahead of April 29, 2026 AGM
Apr 28, 2026
Banco Santander Brasil disclosed the consolidated synthetic remote voting map ahead of its Ordinary General Meeting scheduled for April 29, 2026, in compliance with Brazilian securities regulation CVM Resolution 81/22. The bank detailed how shareh...
Banco Santander Brasil Reshapes Investor Relations Leadership After April 10 Board Meeting
Apr 10, 2026
On April 10, 2026, the board of directors of Banco Santander (Brasil) S.A. met by conference call in São Paulo and approved a change in its top executive ranks, formally recording the decisions in board minutes filed with U.S. regulators. The...
Santander Brasil Board Approves R$2 Billion Interest on Equity Payout for 2026
Apr 10, 2026
On April 10, 2026, Banco Santander (Brasil) S.A.’s board of directors met by conference call and approved a proposal to declare and pay interest on the company’s equity totaling R$ 2 billion gross for the 2026 base year, equivalent to ...
Banco Santander Brasil Approves R$2 Billion Interest on Equity Distribution for 2026
Apr 10, 2026
On April 10, 2026, Banco Santander (Brasil) S.A.’s board of directors approved a proposal to distribute R$2 billion in interest on equity for 2026, equivalent to a net R$1.65 billion after withholding tax, subject to ratification by the 2027...
Banco Santander Brasil Reshapes Risk and Compliance Committee Leadership After Director Resignation
Apr 1, 2026
On March 31, 2026, Banco Santander (Brasil) S.A.’s board of directors met by videoconference in São Paulo and formally accepted the resignation of José de Paiva Ferreira from the board and from his role as coordinator of the bank&#...
Banco Santander Brasil Boosts Level II Capital With R$750.6 Million Subordinated Issue
Mar 24, 2026
On March 24, 2026, Banco Santander Brasil announced it had privately placed subordinated financial bills totaling R$750.6 million, with a 10-year maturity and a repurchase option from 2031. The instruments are structured to qualify as Level II cap...
Banco Santander Brasil Names B3 Chief Gilson Finkelsztain as Successor to CEO Mario Leão
Mar 20, 2026
Banco Santander Brasil announced on March 19, 2026, that Chief Executive Officer Mario Roberto Opice Leão will step down from his role by July 2026, after an 11-year tenure that included five years as CEO and board member and earlier leadersh...
Santander Brasil Signs €44 Million 2026 Services Deal With Parent Banco Santander
Mar 19, 2026
On March 10, 2026, Banco Santander (Brasil) S.A. entered into an intercompany advance payment agreement with its parent Banco Santander, S.A. covering strategic, technical, and operational services to be delivered in fiscal 2026 under an existing ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.