Banco Santander Brasil SA (BSBR)
NYSE:BSBR
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Banco Santander Brasil
(NYSE:BSBR)
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Rating:57Neutral
Price Target:
$6.00
▼(-6.69% Downside)
Action:ReiteratedDate:03/04/26
The score is driven primarily by mixed financial performance: strong revenue growth and a stable balance sheet are outweighed by weakening profitability and notably volatile cash flows. Technicals add modest pressure with the stock below key short-term averages and weak momentum indicators. Valuation is balanced—an attractive ~5% dividend yield helps, but a ~23 P/E keeps the overall score in the mid range.
Positive Factors
Regulatory capital increase
Issuing R$750.6m of 10-year subordinated paper that qualifies as Level II capital meaningfully strengthens regulatory buffers. That durable capital boost improves loss-absorption, supports prudent balance-sheet growth and underpins lending capacity and competitive resilience over months.
Negative Factors
Volatile cash generation
Large swings in operating cash and a sharp free-cash-flow decline in 2025 indicate weak cash conversion. Over the medium term this reduces the bank's ability to self-fund growth, maintain distributions and build liquidity cushions, raising refinancing and operational planning risks.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulatory capital increase
Issuing R$750.6m of 10-year subordinated paper that qualifies as Level II capital meaningfully strengthens regulatory buffers. That durable capital boost improves loss-absorption, supports prudent balance-sheet growth and underpins lending capacity and competitive resilience over months.
Read all positive factors
Banco Santander Brasil (BSBR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$23.52B
Dividend Yield4.98%
Average Volume (3M)1.07M
Price to Earnings (P/E)10.0
Beta (1Y)0.59
Revenue Growth1.13%
EPS Growth-11.93%
CountryUS
Employees55,303
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.21
Shares Outstanding3,818,695,000
10 Day Avg. Volume872,913
30 Day Avg. Volume1,066,055
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 Cap3.36
Enterprise Value/Revenue0.50
Enterprise Value/Gross Profit1.82
Enterprise Value/Ebitda4.27
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.87
Revenue Forecast (FY)$16.86B
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
72
Positive
Balance Sheet
68
Positive
Cash Flow
44
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 151.54B | 129.02B | 121.36B | 110.90B | 75.34B |
| Gross Profit | 41.70B | 43.92B | 35.54B | 41.96B | 46.50B |
| EBITDA | 19.35B | 21.92B | 14.66B | 22.16B | 27.18B |
| Net Income | 12.77B | 13.37B | 9.45B | 14.29B | 15.53B |
Balance Sheet | |||||
| Total Assets | 1.27T | 1.24T | 1.12T | 985.45B | 931.21B |
| Cash, Cash Equivalents and Short-Term Investments | 271.43B | 296.96B | 253.04B | 205.07B | 202.81B |
| Total Debt | 129.96B | 135.37B | 144.02B | 126.66B | 98.68B |
| Total Liabilities | 1.14T | 1.12T | 1.00T | 874.77B | 825.23B |
| Stockholders Equity | 125.17B | 119.49B | 114.45B | 110.18B | 105.64B |
Cash Flow | |||||
| Free Cash Flow | 1.34B | -23.74B | 33.26B | 3.98B | 4.44B |
| Operating Cash Flow | 4.99B | -21.13B | 36.61B | 6.85B | 6.81B |
| Investing Cash Flow | -3.32B | -2.02B | -2.58B | -2.71B | -1.93B |
| Financing Cash Flow | 4.40B | 930.18M | 5.82B | 12.75B | -658.51M |
Banco Santander Brasil Technical Analysis
Positive
6.43
Price Trends
6.32
Positive
6.24
Positive
5.69
Positive
Market Momentum
-0.02
Negative
59.20
Neutral
77.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BSBR, the sentiment is Positive. The current price of 6.43 is above the 20-day moving average (MA) of 5.85, above the 50-day MA of 6.32, and above the 200-day MA of 5.69, indicating a bullish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 59.20 is Neutral, neither overbought nor oversold. The STOCH value of 77.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $28.03B | 11.79 | 19.28% | 4.82% | 8.72% | 27.70% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $19.49B | 16.34 | 21.25% | 5.56% | -11.64% | -8.75% | |
65 Neutral | $5.49B | 24.80 | 4.69% | 2.37% | -55.81% | -78.94% | |
64 Neutral | $39.22B | 7.99 | 13.55% | 2.48% | 5.89% | 34.68% | |
57 Neutral | $23.52B | 9.97 | 11.15% | 4.98% | 1.13% | -11.93% | |
56 Neutral | $16.49B | 12.58 | 21.37% | 4.29% | 12.43% | 56.30% |
* Financial Sector Average
BSBR
Banco Santander Brasil
6.32
2.07
48.57%
BBD
Banco Bradesco SA
3.96
1.96
98.20%
BCH
Banco De Chile
38.60
14.10
57.57%
BMA
Banco Macro SA
80.40
12.26
17.99%
BSAC
Banco Santander Chile
34.85
14.06
67.63%
BAP
Credicorp
352.37
189.33
116.13%
Banco Santander Brasil Corporate Events
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...
Banco Santander Brasil Board Elects New Vice President Executive Officer
Feb 3, 2026
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 ...
Banco Santander Brasil Publishes Final Voting Results from January 15 Extraordinary Meeting
Jan 16, 2026
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, ma...
Banco Santander Brasil Sets April 29, 2026 Date for Annual Shareholders’ Meeting
Jan 15, 2026
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 ...
Santander Brasil Shareholders Elect New Independent Director and Confirm 11-Member Board
Jan 15, 2026
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 Direc...
Banco Santander Brasil Discloses Remote Voting Outcome Ahead of January 15 Extraordinary Meeting
Jan 14, 2026
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 co...
Banco Santander Brasil Announces R$2 Billion Interest-on-Equity Payment for 2026
Jan 9, 2026
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 ...
Banco Santander Brasil Board Approves R$2 Billion Interest on Equity Distribution
Jan 9, 2026
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...
Banco Santander Brasil Reshapes Executive Team With New Officers and Vice-President Appointment
Jan 6, 2026
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 Verga...
Banco Santander Brasil Board Dismisses Two Officers in January 2026 Meeting
Jan 5, 2026
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 thei...
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.