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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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $21.97B | 12.39 | 18.12% | 5.03% | 8.72% | 27.70% | |
72 Outperform | $32.38B | 9.37 | 11.78% | 2.50% | 5.89% | 34.68% | |
71 Outperform | $19.16B | 14.66 | 21.29% | 5.55% | -11.64% | -8.75% | |
69 Neutral | $14.31B | 12.50 | 24.13% | 4.31% | 12.43% | 56.30% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $22.03B | 21.24 | 9.34% | 5.21% | 1.13% | -11.93% | |
65 Neutral | $5.00B | 12.00 | 7.66% | 2.07% | -57.78% | -67.92% |
Banco Santander Brasil Corporate Events
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Banco Santander Brasil S.A. announced on November 3, 2025, that it has resubmitted the Remote Voting Ballot for its Extraordinary General Meeting scheduled for November 28, 2025. This update allows shareholders to express their views on the establishment of a Fiscal Council, with previously submitted votes remaining valid. The deadline for submitting new voting instructions is November 25, 2025. This move reflects the company’s commitment to regulatory compliance and shareholder engagement.
Banco Santander (Brasil) S.A. released its consolidated condensed interim financial statements for the period ending September 30, 2025. The review of these statements, conducted in accordance with international standards, concluded that they are prepared in compliance with the International Accounting Standard (IAS) 34. The financial statements include a statement of value added, which aligns with the accounting standard CPC 09, indicating a robust financial reporting process. This release provides stakeholders with insights into the bank’s financial health and operational performance over the past nine months.
Banco Santander Brasil has announced an Extraordinary General Meeting (EGM) scheduled for November 28, 2025, to discuss and approve several significant corporate actions. The agenda includes ratifying the hiring of PricewaterhouseCoopers for an appraisal report, approving the merger of Santander Leasing into the company, and authorizing necessary managerial actions to implement these resolutions. This merger is part of the company’s strategic efforts to streamline operations and enhance its market positioning, potentially impacting stakeholders by improving operational efficiency and expanding service offerings.
Banco Santander Brasil S.A. has announced an Extraordinary General Meeting (EGM) scheduled for November 28, 2025, to discuss several key resolutions. The meeting will address the ratification of PricewaterhouseCoopers as the appraiser for a partial spin-off of Return Capital Gestão de Ativos e Participações S.A., approval of the appraisal report, and the merger of the spun-off portion with Banco Santander Brasil. This strategic move is expected to streamline operations and potentially enhance the company’s market positioning.
Banco Santander Brasil has announced an Extraordinary General Meeting (EGM) scheduled for November 28, 2025, to discuss several key corporate actions. The agenda includes ratifying the hiring of PricewaterhouseCoopers for an appraisal report, approving the partial spin-off of Return Capital Gestão de Ativos e Participações S.A., and the subsequent merger of the spun-off portion into the company. These actions are expected to streamline operations and potentially enhance shareholder value, reflecting the company’s strategic initiatives to optimize its asset management capabilities.
Banco Santander Brasil has announced an Extraordinary General Meeting (EGM) scheduled for November 28, 2025, to discuss and approve several key matters including the ratification of PricewaterhouseCoopers as the appraiser for Santander Leasing and the merger of Santander Leasing into the company. This move is significant as it aims to streamline operations and enhance the company’s market positioning by integrating leasing services more closely with its core banking operations. The meeting will also address procedural aspects such as remote voting and participation to ensure comprehensive shareholder involvement.
Banco Santander Brasil announced the merger of its wholly-owned subsidiary, Santander Leasing, into its main operations as part of a corporate restructuring initiative. This move, dated October 29, 2025, aims to streamline the company’s organizational structure, reduce administrative costs, and enhance operational efficiency. The merger will not affect the company’s share capital or result in the issuance of new shares, ensuring no dilution of existing shareholders’ stakes. This strategic consolidation is expected to generate operational synergies and optimize the company’s service provision capabilities.
On October 29, 2025, Banco Santander Brasil S.A. submitted a report in compliance with the Securities Exchange Act of 1934, indicating its adherence to regulatory requirements. The report, signed by Reginaldo Antonio Ribeiro and Gustavo Alejo Viviani, reflects the company’s ongoing commitment to transparency and regulatory compliance, which is crucial for maintaining investor confidence and supporting its market position.
On October 29, 2025, Banco Santander Brasil’s Board of Directors convened to approve several strategic initiatives, including the partial spin-off of Return Capital Gestão de Ativos e Participações S.A. and the merger of Santander Leasing S.A. These actions are aimed at streamlining operations and enhancing the company’s market position. The board also scheduled Extraordinary General Meetings for November 28, 2025, to finalize these decisions, indicating a proactive approach to corporate restructuring and growth.
On October 2025, Banco Santander (Brasil) S.A. announced its Board of Directors’ decision to propose the merger of its wholly-owned subsidiaries, Return Capital Gestão de Ativos e Participações S.A. and Santander Leasing S.A., into the company. This move aims to centralize activities, optimize the capital structure, and simplify the corporate structure to reduce administrative costs. The merger is expected to bring economic and financial benefits, enhancing resource management efficiency and capital allocation without altering the company’s shareholding structure.
Banco Santander Brasil, a leading financial institution in Brazil, submitted a Form 6-K report to the U.S. Securities and Exchange Commission for the month of October 2025. The report, signed by Reginaldo Antonio Ribeiro and Gustavo Alejo Viviani, indicates compliance with the Securities Exchange Act of 1934, emphasizing the bank’s commitment to regulatory requirements and transparency in its operations.
On October 29, 2025, Banco Santander Brasil submitted a report under the Securities Exchange Act of 1934, indicating compliance with regulatory requirements. This submission underscores the company’s commitment to transparency and adherence to international financial reporting standards, which is crucial for maintaining investor confidence and regulatory compliance.
In its earnings release for the third quarter of 2025, Banco Santander Brasil reported a net profit of R$4.0 billion and a return on equity of 17.5%, showing growth despite a challenging macroeconomic environment. The bank emphasized its focus on customer-centric strategies, technological advancements, and capital discipline, which have contributed to improvements in asset quality, expense management, and customer satisfaction. The launch of new products and campaigns, such as Pix via credit card and a new credit card customer experience campaign, highlights its commitment to enhancing customer engagement and operational efficiency.
On October 29, 2025, Banco Santander Brasil S.A. submitted a report as a foreign private issuer under the Securities Exchange Act of 1934. This submission, signed by Reginaldo Antonio Ribeiro and Gustavo Alejo Viviani, reflects the bank’s compliance with regulatory requirements, potentially impacting its transparency and investor relations positively.
On October 16, 2025, Banco Santander Brasil held an Extraordinary General Meeting where shareholders approved several amendments to the company’s bylaws. These amendments included increasing the maximum number of board members, adapting the term of office for the Audit Committee, and updating the name of the securities market management entity. These changes aim to enhance governance and align with regulatory requirements, potentially impacting the company’s strategic direction and stakeholder engagement.
On October 16, 2025, Banco Santander Brasil held an Extraordinary General Meeting where shareholders voted on various matters. The final voting map, which includes both in-person and distance votes, was released, showing diverse shareholder opinions on the agenda items. This meeting reflects the active engagement of shareholders in the company’s governance, which may influence future strategic decisions and operations.
On October 16, 2025, Banco Santander Brasil held an Extraordinary General Meeting to discuss amendments to its bylaws, including changes to the Audit Committee’s officer term and increasing the Board of Directors’ maximum members from twelve to fifteen. These changes aim to align with regulatory requirements and enhance governance, potentially impacting the company’s operational efficiency and strategic direction.
On September 30, 2025, Banco Santander Brasil’s Board of Directors convened to approve the exoneration of Mrs. Maria Teresa Mauricio da Rocha Pereira Leite from her position as Vice-President Executive Officer. This decision, made unanimously by the board, marks a significant change in the company’s executive leadership, potentially impacting its strategic direction and operational management.
On September 26, 2025, Banco Santander Brasil’s Board of Directors convened to approve the exoneration of Mr. Ricardo de Oliveira Contrucci, an officer without specific designation. This decision reflects a strategic move within the company’s leadership structure, potentially impacting its operational dynamics and signaling changes in its management approach.
On September 25, 2025, Banco Santander Brasil S.A. announced the approval of a new buyback program following the expiration of the previous one on August 6, 2025. The program, set to run for 18 months starting September 26, 2025, aims to purchase up to 37,463,477 Units and ADRs, representing approximately 1% of the company’s total capital stock as of June 30, 2025. This initiative is intended to enhance shareholder value through efficient capital management and support the company’s Long Term Incentive Plans for its employees.
On September 25, 2025, Banco Santander (Brasil) S.A.’s Board of Directors approved a new buyback program for its shares and American Depositary Receipts (ADRs). The program aims to enhance shareholder value through efficient capital management and support the company’s Long Term Incentive Plans for its employees. The buyback will cover up to 37,463,477 units, representing approximately 1% of the company’s total capital stock, and will be executed over 18 months starting September 26, 2025. This strategic move is expected to optimize the company’s capital structure and potentially impact its market positioning positively.
On September 16, 2025, Banco Santander Brasil’s Board of Directors convened via videoconference to acknowledge the resignation of Mrs. Luciana de Aguiar Barros from her position as an Officer without specific designation. The resignation took effect on September 17, 2025, following the submission of her resignation letter on September 15, 2025. This change in the company’s leadership is a notable development, potentially impacting its operational dynamics and strategic direction.
On September 15, 2025, Banco Santander Brasil’s Board of Directors convened via videoconference to approve a Management Proposal for an Extraordinary General Meeting scheduled for October 16, 2025. The meeting aims to amend the company’s bylaws, increase the number of board members, and elect a new board member, reflecting the company’s strategic adjustments to align with regulatory changes and enhance governance.
On September 15, 2025, Banco Santander Brasil announced an Extraordinary General Meeting (EGM) scheduled for October 16, 2025, to discuss amendments to the company’s bylaws. The agenda includes adapting the bylaws to comply with new regulations, increasing the board of directors’ size, and electing a new board member. This meeting aims to enhance governance and align with regulatory standards, potentially impacting the company’s strategic direction and stakeholder engagement.
Banco Santander Brasil, a prominent financial institution, has filed a report with the U.S. Securities and Exchange Commission for September 2025. The report, signed by Reginaldo Antonio Ribeiro and Gustavo Alejo Viviani, indicates compliance with regulatory requirements under the Securities Exchange Act of 1934.
Banco Santander Brasil has announced an Extraordinary General Meeting (EGM) scheduled for October 16, 2025. The agenda includes amending the company’s bylaws to increase the number of board members and electing a new board member. These changes are aimed at aligning with regulatory requirements and enhancing governance structures, which may impact the company’s strategic direction and stakeholder engagement.