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
Large diversified customer franchise
A 73.9m customer base and recent digital initiatives (OneApp, cloud card platform) provide durable scale for deposit funding, cross-sell and fee growth. Large retail reach plus SME and corporate coverage supports stable funding, diversified revenues and long-term franchise economics.
Negative Factors
Volatile cash generation
Wide swings in operating and free cash flow reduce confidence in earnings quality and make capital planning harder. Persistent volatility can constrain discretionary investment, limit predictable dividend capacity and amplify funding stress if adverse macro shocks recur.
Read all positive and negative factors
Positive Factors
Negative Factors
Large diversified customer franchise
A 73.9m customer base and recent digital initiatives (OneApp, cloud card platform) provide durable scale for deposit funding, cross-sell and fee growth. Large retail reach plus SME and corporate coverage supports stable funding, diversified revenues and long-term franchise economics.
Read all positive factors
Banco Santander Brasil (BSBR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$20.51B
Dividend Yield4.98%
Average Volume (3M)846.87K
Price to Earnings (P/E)17.9
Beta (1Y)0.58
Revenue Growth17.17%
EPS Growth-1.33%
CountryUS
Employees55,303
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.49
Shares Outstanding3,818,695,000
10 Day Avg. Volume872,541
30 Day Avg. Volume846,868
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 Cap2.07
Enterprise Value/Revenue0.27
Enterprise Value/Gross Profit0.98
Enterprise Value/Ebitda2.30
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.89
Revenue Forecast (FY)$17.49B
Banco Santander Brasil Business Overview & Revenue Model
Company Description
Banco Santander (Brasil) S.A., together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. The company operates in two segments...
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 | 160.28B | 151.54B | 129.02B | 121.36B | 110.90B | 75.34B |
| Gross Profit | 43.51B | 41.70B | 43.92B | 35.54B | 41.96B | 46.50B |
| EBITDA | 18.53B | 19.35B | 21.92B | 14.66B | 22.16B | 27.18B |
| Net Income | 12.80B | 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
5.82
Negative
6.10
Negative
5.75
Negative
Market Momentum
-0.15
Positive
43.94
Neutral
32.60
Neutral
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 5.69, above the 50-day MA of 5.82, and above the 200-day MA of 5.75, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 43.94 is Neutral, neither overbought nor oversold. The STOCH value of 32.60 is Neutral, 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 | $26.51B | 11.42 | 19.66% | 4.82% | 22.61% | 34.04% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $4.92B | 0.02 | 5.81% | 2.37% | -23.62% | -22.31% | |
64 Neutral | $14.70B | 13.38 | 20.90% | 4.29% | -3.09% | 2.72% | |
58 Neutral | $20.51B | 17.87 | 11.11% | 4.98% | 17.17% | -1.33% | |
58 Neutral | $19.33B | 15.60 | 20.11% | 5.56% | -7.31% | -7.03% | |
54 Neutral | $35.09B | 9.65 | 13.55% | 2.48% | 27.54% | 28.12% |
* Financial Sector Average
BSBR
Banco Santander Brasil
5.56
0.59
11.98%
BBD
Banco Bradesco SA
3.56
0.95
36.29%
BCH
Banco De Chile
37.73
7.97
26.80%
BMA
Banco Macro SA
78.33
-9.20
-10.51%
BSAC
Banco Santander Chile
31.51
7.48
31.10%
BAP
Credicorp
344.00
148.94
76.35%
Banco Santander Brasil Corporate Events
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 ...
Banco Santander Brasil Board Accepts Executive Officer Resignation
Mar 3, 2026
On March 2, 2026, the board of directors of Banco Santander (Brasil) S.A. met by conference call in São Paulo and formally accepted the resignation of Enrique Cesar Suarez Fragata Lopes from his position as an officer without specific designa...
Banco Santander Brasil Files 2025 Form 20-F in U.S. and Brazil
Feb 27, 2026
Banco Santander (Brasil) S.A. announced that on February 27, 2026 it filed its 2025 Annual Report on Form 20-F with both the U.S. Securities and Exchange Commission and the Brazilian Comissão de Valores Mobiliários, and made the document...
Banco Santander Brasil Files 2025 IFRS Consolidated Financial Statements Amid Shifting Global Macro Backdrop
Feb 27, 2026
Banco Santander (Brasil) S.A. has released its consolidated financial statements for the fiscal year ended December 31, 2025, prepared under IFRS and accompanied by a management report and independent auditor’s opinion. The publication, whic...
Banco Santander Brasil Board Elects New Vice-President Executive Officer
Feb 27, 2026
On February 27, 2026, the board of directors of Banco Santander (Brasil) S.A. met by conference call in São Paulo with full attendance, chaired by Deborah Stern Vieitas. The meeting was formally recorded as part of the bank’s governance...
Banco Santander Brasil Board Approves 2025 IFRS and Prudential Financial Statements
Feb 27, 2026
On February 27, 2026, Banco Santander Brasil’s board met by conference call in São Paulo and unanimously approved the management report and the bank’s IFRS financial statements for the fourth quarter and full year ended December 3...
Santander Brasil Board Dismisses Vice-President Executive Officer Renato Ejnisman
Feb 27, 2026
On February 27, 2026, the board of directors of Banco Santander (Brasil) S.A. met by conference call in São Paulo and unanimously approved the dismissal of Vice-President Executive Officer Renato Ejnisman from his position. The board formally...
Santander Brasil Posts Strongest Quarterly Profit in Four Years on Customer-Centric, Tech-Driven Strategy
Feb 4, 2026
On its BRGAAP earnings release for the fourth quarter of 2025, Santander Brasil reported net profit of R$4.1 billion, the bank’s highest quarterly result in four years, with a return on average equity of 17.6% and an expanded loan portfolio ...
Banco Santander Brasil Files Routine February 2026 Form 6-K with SEC
Feb 4, 2026
On February 4, 2026, Banco Santander (Brasil) S.A. submitted a Form 6-K to the U.S. Securities and Exchange Commission for the month of February 2026, confirming its status as a foreign private issuer that files annual reports on Form 20-F. The fi...
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.