NYSE : BSBR
Banco Santander (Brasil) S.A. — Financial statements
Financials · Banks - Regional · Brazil
Last price 4.41 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 16.51B
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Financial statements
Income statement
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 165.98B | 162.49B | 137.18B | 128.28B | 115.23B | 77.99B |
| Interest Paid on Deposits | 109.28B | 104.86B | 80.50B | 81.40B | 67.72B | 26.67B |
| Net Interest Income | 56.70B | 57.63B | 56.68B | 46.88B | 47.50B | 51.32B |
| Gain (Loss) on Sale of Assets | 119.06M | 212.14M | 1.91B | 1.04B | 131.48M | 32.51M |
| Gain (Loss) on Sale of Investments | 18.66B | 7.47B | -821.57M | 2.98B | 4.15B | 221.78M |
| Gain (Loss) on Sale of Equity Investments | 468.09M | 458.31M | 312.99M | 239.24M | 199.18M | 144.18M |
| Other Non-Interest Income | -1.79B | 9.43B | 17.59B | 15.76B | 14.62B | 12.24B |
| Total Non-Interest Income | 17.46B | 17.57B | 18.99B | 20.02B | 19.10B | 12.64B |
| Revenues Before Loan Losses | 74.16B | 75.21B | 75.67B | 66.91B | 66.61B | 63.96B |
| Provision for Loan Losses | 27.67B | 29.54B | 28.48B | 28.01B | 24.83B | 17.11B |
| Revenue | 46.49B | 45.67B | 47.19B | 38.90B | 41.78B | 46.85B |
| Salaries and Employee Benefits | 11.14B | 11.49B | 11.30B | 10.65B | 9.86B | 9.00B |
| Occupancy Expenses | 974.93M | 1.09B | 1.59B | 1.84B | 1.86B | 1.85B |
| Amortization of Goodwill & Intangibles | 1.81B | 1.54B | 1.14B | 899.33M | 725.46M | 583.14M |
| Selling, General & Administrative | 9.61B | 9.31B | 8.96B | 8.74B | 8.23B | 8.11B |
| Other Non-Interest Expense | 6.00B | 5.10B | 4.90B | 4.88B | 1.97B | 2.52B |
| Total Non-Interest Expense | 29.53B | 28.53B | 27.89B | 27.01B | 22.65B | 22.07B |
| EBT Excluding Unusual Items | 16.96B | 17.14B | 19.30B | 11.89B | 19.13B | 24.78B |
| Asset Writedown | -48.79M | -67.02M | -48.90M | -19.47M | -31.25M | -30.16M |
| Legal Settlements | -347.72M | -347.72M | -57.63M | 48.00M | 477.54M | |
| Pretax Income | 16.57B | 16.73B | 19.19B | 11.92B | 19.57B | 24.75B |
| Income Tax Expense | 3.54B | 3.76B | 5.78B | 2.42B | 5.24B | 9.19B |
| Earnings From Continuing Operations | 13.03B | 12.97B | 13.41B | 9.50B | 14.34B | 15.56B |
| Minority Interest in Earnings | -232.81M | -199.09M | -48.26M | -49.50M | -52.38M | -31.27M |
| Net Income | 12.80B | 12.77B | 13.37B | 9.45B | 14.29B | 15.53B |
| Net Income to Common | 12.80B | 12.77B | 13.37B | 9.45B | 14.29B | 15.53B |
| Basic Shares Outstanding | 3.74B | 3.73B | 3.72B | 3.72B | 3.73B | |
| Diluted Shares Outstanding | 3.74B | 3.73B | 3.72B | 3.72B | 3.73B | |
| EPS (Basic) | 3.42 | 3.58 | 2.54 | 3.84 | 4.16 | |
| EPS (Diluted) | 3.42 | 3.58 | 2.54 | 3.84 | 4.16 | |
| Effective Tax Rate | 21.35% | 22.50% | 30.10% | 20.32% | 26.75% | 37.13% |
Balance sheet
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 24.45B | 20.23B | 37.08B | 23.12B | 22.00B | 16.66B |
| Investment Securities | 192.62B | 212.53B | 197.95B | 175.07B | 138.48B | 181.64B |
| Trading Asset Securities | 138.22B | 172.63B | 155.67B | 120.05B | 92.67B | 74.91B |
| Total Investments | 330.83B | 385.16B | 353.62B | 295.12B | 231.15B | 256.55B |
| Gross Loans | 596.01B | 595.70B | 594.90B | 550.17B | 543.49B | 513.43B |
| Allowance for Loan Losses | -37.49B | -33.60B | -33.57B | -34.04B | -28.53B | |
| Net Loans | 596.01B | 558.21B | 561.30B | 516.60B | 509.45B | 484.89B |
| Property, Plant & Equipment | 5.87B | 5.05B | 6.02B | 7.09B | 8.19B | 8.78B |
| Goodwill | 27.77B | 27.84B | 27.89B | 27.85B | 27.89B | 27.92B |
| Other Intangible Assets | 5.39B | 5.38B | 4.93B | 4.52B | 3.71B | 2.87B |
| Other Receivables | 15.24B | 20.97B | 16.98B | 13.78B | 14.79B | 9.08B |
| Other Current Assets | 145.98B | 104.19B | 89.96B | 101.82B | 56.32B | 17.35B |
| Long-Term Deferred Tax Assets | 55.26B | 50.85B | 48.22B | 43.45B | 38.61B | 37.64B |
| Other Long-Term Assets | 109.78B | 92.14B | 92.78B | 82.31B | 73.34B | 69.47B |
| Total Assets | 1.32T | 1.27T | 1.24T | 1.12T | 985.45B | 931.21B |
| Accrued Expenses | 3.88B | 3.82B | 4.14B | 5.58B | 3.94B | |
| Interest Bearing Deposits | 792.49B | 604.50B | 609.24B | 543.86B | 487.94B | 421.96B |
| Non-Interest Bearing Deposits | 33.86B | 42.16B | 41.70B | 30.13B | 41.87B | |
| Total Deposits | 792.49B | 638.35B | 651.40B | 585.56B | 518.07B | 463.83B |
| Short-Term Borrowings | 25.19B | 161.85B | 151.64B | 141.11B | 108.87B | 150.76B |
| Current Portion of Long-Term Debt | 49.73B | 52.56B | 38.64B | |||
| Current Income Taxes Payable | 4.62B | 4.80B | 4.49B | 5.30B | 4.17B | 5.95B |
| Other Current Liabilities | 60.08B | 112.42B | 99.12B | 82.56B | 62.01B | 60.62B |
| Long-Term Debt | 192.03B | 184.78B | 158.77B | 94.29B | 80.81B | 67.49B |
| Pension & Post-Retirement Benefits | 997.56M | 1.36B | 1.36B | 2.54B | 1.78B | 2.73B |
| Long-Term Deferred Tax Liabilities | 6.09B | 4.59B | 5.69B | 3.70B | 3.64B | 2.23B |
| Other Long-Term Liabilities | 104.76B | 31.45B | 42.67B | 31.85B | 37.29B | 29.04B |
| Total Liabilities | 1.19T | 1.14T | 1.12T | 1.00T | 874.77B | 825.23B |
| Common Stock | 65.00B | 65.00B | 65.00B | 55.00B | 55.00B | 55.00B |
| Retained Earnings | 68.15B | 65.37B | 61.45B | 63.92B | 60.44B | 54.39B |
| Treasury Stock | -488.77M | -719.56M | -884.71M | -1.11B | -1.22B | -713.04M |
| Comprehensive Income & Other | -4.34B | -4.48B | -6.08B | -3.36B | -4.04B | -3.03B |
| Total Common Equity | 128.31B | 125.17B | 119.49B | 114.45B | 110.18B | 105.64B |
| Minority Interest | 2.01B | 1.38B | 335.45M | 403.35M | 497.34M | 334.35M |
| Shareholders' Equity | 130.33B | 126.55B | 119.83B | 114.86B | 110.68B | 105.97B |
| Total Liabilities & Equity | 1.32T | 1.27T | 1.24T | 1.12T | 985.45B | 931.21B |
| Total Debt | 217.22B | 346.63B | 310.41B | 285.14B | 242.25B | 256.90B |
| Net Cash (Debt) | -54.55B | -128.91B | -99.96B | -128.65B | -127.58B | -159.29B |
| Net Cash Per Share | -34.51 | -26.80 | -34.56 | -34.31 | -42.66 | |
| Filing Date Shares Outstanding | 3.74B | 3.73B | 3.72B | 3.72B | 3.73B | |
| Total Common Shares Outstanding | 3.74B | 3.73B | 3.72B | 3.72B | 3.73B | |
| Book Value Per Share | 33.51 | 32.04 | 30.75 | 29.63 | 28.30 | |
| Tangible Book Value | 95.15B | 91.95B | 86.66B | 82.08B | 78.58B | 74.85B |
| Tangible Book Value Per Share | 24.61 | 23.24 | 22.05 | 21.13 | 20.05 |
Cash flow statement
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 12.99B | 12.77B | 13.37B | 9.45B | 14.29B | 15.53B |
| Depreciation & Amortization | 2.25B | 1.18B | 1.65B | 2.74B | 1.93B | 1.86B |
| Other Amortization | 381.83M | 1.44B | 1.08B | 651.72M | 569.37M | |
| Gain (Loss) on Sale of Assets | -119.06M | -212.14M | -1.91B | -855.57M | -130.67M | -32.51M |
| Gain (Loss) on Sale of Investments | 27.67B | 29.54B | 28.48B | 28.01B | 24.83B | 19.29B |
| Total Asset Writedown | 363.79M | 396.95M | 252.49M | 250.17M | 161.43M | 165.80M |
| Change in Trading Asset Securities | -11.78B | -12.65B | -59.94B | -91.92B | -40.61B | 96.60B |
| Change in Other Net Operating Assets | 43.58B | -2.90B | 29.76B | 118.96B | -11.58B | -86.92B |
| Other Operating Activities | -19.34B | -24.12B | -33.56B | -29.78B | 17.50B | -40.12B |
| Operating Cash Flow | 55.52B | 4.99B | -21.13B | 36.61B | 6.85B | 6.81B |
| Capital Expenditures | -2.11B | -1.07B | -724.30M | -1.45B | -1.13B | -1.16B |
| Sale of Property, Plant and Equipment | -439.19M | 333.41M | 117.31M | 148.56M | 37.58M | |
| Cash Acquisitions | -7.50M | -114.21M | -5.05M | -460.25M | -13.75M | |
| Income (Loss) Equity Investments | -468.09M | -458.31M | -312.99M | -239.24M | -199.18M | -144.18M |
| Purchase / Sale of Intangibles | -1.85B | -1.74B | -1.64B | -1.72B | -1.59B | -1.20B |
| Other Investing Activities | -4.86B | -502.87M | 134.24M | 474.94M | 325.36M | 414.67M |
| Investing Cash Flow | -9.26B | -3.32B | -2.02B | -2.58B | -2.71B | -1.93B |
| Long-Term Debt Issued | 90.87B | 39.61B | 75.40B | 60.58B | 107.28B | |
| Long-Term Debt Repaid | -79.94B | -33.04B | -63.40B | -39.15B | -97.22B | |
| Net Debt Issued (Repaid) | 3.46B | 10.93B | 6.57B | 12.00B | 21.43B | 10.06B |
| Repurchase of Common Stock | -506.28M | |||||
| Common Dividends Paid | -4.34B | -6.50B | -5.62B | -5.45B | -7.39B | -9.91B |
| Other Financing Activities | -1.06B | -29.24M | -22.88M | -735.65M | -774.31M | -815.57M |
| Financing Cash Flow | -1.87B | 4.40B | 930.18M | 5.82B | 12.75B | -658.51M |
| Foreign Exchange Rate Adjustments | 613.00K | |||||
| Net Cash Flow | 44.38B | 6.07B | -22.22B | 39.85B | 16.90B | 4.22B |
| Free Cash Flow | 53.41B | 3.92B | -21.86B | 35.17B | 5.72B | 5.64B |
| Free Cash Flow Margin | 114.88% | 8.58% | -46.32% | 90.41% | 13.69% | 12.05% |
| Free Cash Flow Per Share | 1.05 | -5.86 | 9.45 | 1.54 | 1.51 | |
| Cash Interest Paid | 1.07B | 132.24M | 713.97M | 861.72M | 911.31M | |
| Cash Income Tax Paid | 1.38B | 6.51B | 5.42B | 5.89B | 6.08B | 4.53B |
Ratios
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 16.88B | 23.10B | 14.37B | 24.78B | 19.84B | 20.09B |
| Last Close Price | 4.41 | 5.83 | 3.55 | 5.70 | 4.48 | 4.23 |
| PE Ratio | 7.01 | 9.97 | 6.65 | 12.72 | 7.34 | 7.21 |
| PS Ratio | 1.84 | 2.79 | 1.88 | 3.09 | 2.51 | 2.39 |
| PB Ratio | 0.66 | 1.00 | 0.74 | 1.05 | 0.95 | 1.06 |
| P/FCF Ratio | 1.68 | 32.47 | 3.42 | 18.34 | 19.83 | |
| P/OCF Ratio | 1.62 | 25.49 | 3.28 | 15.32 | 16.44 | |
| Debt / Equity Ratio | 1.67 | 2.74 | 2.59 | 2.48 | 2.19 | 2.42 |
| Debt / FCF Ratio | 4.07 | 88.45 | 8.11 | 42.34 | 45.51 | |
| Net Debt / Equity Ratio | 0.42 | 1.02 | 0.83 | 1.12 | 1.15 | 1.50 |
| Net Debt / FCF Ratio | 1.02 | 32.90 | -4.57 | 3.66 | 22.30 | 28.22 |
| Return on Equity (ROE) | 10.20% | 10.52% | 11.43% | 8.42% | 13.24% | 14.67% |
| Return on Assets (ROA) | 1.01% | 1.03% | 1.14% | 0.90% | 1.50% | 1.67% |
| Earnings Yield | 14.26% | 10.03% | 15.04% | 7.86% | 13.62% | 13.87% |
| FCF Yield | 59.51% | 3.08% | -24.60% | 29.25% | 5.45% | 5.04% |
| Payout Ratio | 43.04% | 50.89% | 42.04% | 57.68% | 51.75% | 63.80% |
| Buyback Yield / Dilution | -0.15% | -0.21% | -0.11% | 0.41% | -0.08% |