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BSBR

Banco Santander (Brasil) S.A.

BSBR

Banco Santander (Brasil) S.A. • NYSE
$6.44 ▲ 0.16% (+0.01)
Market Cap $48.11 B
52w High $6.49
52w Low $3.75
Dividend Yield 0.33%
P/E 23
Volume 151.37K
Outstanding Shares 7.47B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $14.011B ▼ $0 ▼ $1.217B ▼ 8.685% ▲ $0.16 ▼ $1.894B ▼
Q2-2025 $34.568B ▼ $5.885B ▼ $1.928B ▼ 5.578% ▼ $0.26 ▼ $2.606B ▼
Q1-2025 $35.943B ▲ $6.103B ▼ $3.109B ▲ 8.649% ▼ $0.42 ▲ $5.323B ▲
Q4-2024 $35.337B ▲ $9.032B ▲ $3.059B ▼ 8.656% ▼ $-0.51 ▼ $4.809B ▼
Q3-2024 $33.695B $5.936B $3.637B 10.795% $0.49 $6.073B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $844M ▼ $1.594B ▼ $406M ▼ $1.188B ▼
Q2-2025 $296.119B ▼ $1.24T ▼ $1.117T ▼ $122.271B ▲
Q1-2025 $323.668B ▲ $1.253T ▲ $1.131T ▲ $120.893B ▲
Q4-2024 $296.963B ▼ $1.239T ▲ $1.119T ▲ $119.492B ▲
Q3-2024 $328.717B $1.229T $1.11T $118.132B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $702.599M ▼ $6.693B ▲ $-5.368B ▼ $-460.274M ▲ $0 ▲ $6.646B ▲
Q2-2025 $1.988B ▼ $-11.816B ▼ $560.231M ▲ $-4.805B ▼ $-16.062B ▼ $-12.706B ▼
Q1-2025 $3.152B ▲ $33.408B ▲ $-51.546M ▲ $1.52B ▼ $34.878B ▲ $32.908B ▲
Q4-2024 $523.959M ▼ $789.529M ▼ $-13.225B ▼ $4.127B ▼ $0 ▼ $740.758M ▼
Q3-2024 $3.65B $28.708B $-531.234M $7.159B $35.341B $27.905B

Five-Year Company Overview

Income Statement

Income Statement Santander Brasil shows a solid earnings profile with some volatility under the surface. Revenue has generally moved upward over the past few years, and net profit has held at healthy levels despite economic swings in Brazil. The bank saw a softer year recently and then a recovery, suggesting resilience but not immunity to credit cycles and interest-rate changes. One year’s operating result looks unusually high and likely reflects one-off or accounting factors rather than a new normal. Overall, this is a bank that consistently makes money, but its profits can move around as the lending environment and funding costs change.

Balance Sheet

Balance Sheet The balance sheet looks like that of a large, established bank steadily expanding its footprint. Total assets have grown year after year, pointing to a larger loan book and client base. Cash and liquid resources have increased meaningfully in recent years, giving the bank more flexibility and a thicker liquidity cushion. Debt levels have risen but remain moderate relative to the size of the balance sheet, and shareholders’ equity has been building gradually, which supports loss-absorbing capacity. The main watchpoint is classic for banks: as assets grow, credit quality and risk controls become increasingly important.

Cash Flow

Cash Flow Cash generation has generally been positive over time, but it is bumpy, which is typical for banks. Most years, operating and free cash flow have been comfortably positive, suggesting that the business funds itself well after investments. The most recent year shows negative operating and free cash flow, which likely reflects a big deployment of funds into loans or other assets rather than a structural problem. Capital spending is small and stable, so swings in cash flow are more about balance sheet movements than physical investment. Still, the negative recent figure is a reminder that liquidity and funding trends need ongoing attention.

Competitive Edge

Competitive Edge Santander Brasil holds a strong competitive position as one of the country’s largest private banks, backed by the global Santander Group. It combines a wide branch and ATM network with strong digital offerings, which helps it serve both traditional and mobile-first customers. The bank has meaningful share in key areas like consumer and vehicle finance, and it benefits from a diversified mix of retail, corporate, and wholesale banking activities. Its scale, brand, and distribution create real barriers for smaller or purely digital rivals. However, competition in Brazil is intense, especially from nimble fintechs and other major banks, so maintaining pricing power and customer loyalty is an ongoing challenge.

Innovation and R&D

Innovation and R&D The bank is very active on the innovation front, positioning itself as a digital-first institution. Its unified mobile platform, “One App,” is central to its strategy, aiming to be a full financial hub rather than just a basic banking tool. Santander Brasil is investing heavily in artificial intelligence, data analytics, and cloud infrastructure to personalize offers, improve service, and cut costs. It is also leaning into open finance, sustainable finance, and niche products such as microcredit and integrated shopping within the app. Being a key innovation hub for the global Santander Group gives it access to shared technology and scale benefits, but it still needs to execute well, manage cyber and regulatory risks, and keep pace with fast-moving fintech competitors.

Summary

Overall, Santander Brasil appears to be a large, profitable bank with a growing balance sheet and a clear digital and innovation agenda. Earnings have been resilient over time, even if not perfectly smooth, and the capital base has strengthened gradually. The recent negative cash flow reflects the reality of a bank actively deploying funds rather than a heavy investment burden, but it underscores the importance of funding and liquidity oversight. Competitively, the bank benefits from global backing, strong branding, and a broad product range, while facing pressure from both traditional peers and digital newcomers. Its push into AI, data-driven services, and sustainable finance offers meaningful growth avenues, but success will depend on managing credit risk, technology execution, regulatory change, and Brazil’s macroeconomic swings.