Banco Santander (Brasil) S.A. (BSBR) 10-Year Financial Performance & Capital Metrics

BSBR • • Banking & Credit

Financial ServicesRegional BanksInternational & Latin American BankingLatin American Retail Banking

AboutBanco 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, Commercial Banking and Global Wholesale Banking. It offers deposits and other bank funding instruments; debit and credit cards; digital prepaid solutions; payment platform; loyalty programs; employee benefit vouchers; payroll loans; digital lending and online debt renegotiation services; mortgages; home equity financing products; consumer credit; and local loans, commercial and trade finance, guarantees, structured loans, and cash management and funding solutions, as well as on-lending transfer services. It also provides funding and financial advisory services related to projects, origination and distribution of fixed-income securities in the debt capital markets, financing of acquisitions and syndicated loans, other structured financing arrangements, and subordinated debt and energy efficiency transactions; advisory services for mergers and acquisitions, and equity capital markets transactions; and stock brokerage and advisory, equity, and equity research services. In addition, the company structures and offers foreign exchange, derivative, and investment products for institutional investors, and corporate and retail customers; and provides market making services. Further, it offers instant payment services; range of products and services focused on the agribusiness sector; microfinance services; and online automotive listing and digital car insurance solutions, as well as digital trading platform. Additionally, it provides its financial services and products to its customers through multichannel distribution network comprising branches, mini-branches, ATMs, call centers, Internet banking, and mobile banking. Banco Santander (Brasil) S.A. was incorporated in 1985 and is headquartered in São Paulo, Brazil.Show more

Net Interest Income $56.68B +20.9%
Total Revenue $129.02B +6.3%
Net Income $13.37B +41.4%
Return on Equity 11.39% +35.9%
Net Interest Margin 4.58% +8.9%
Efficiency Ratio 19.17% -1.5%
ROA 1.14% +26.2%
Equity / Assets 9.67% -6.0%
Book Value per Share 16.06 +4.2%
Tangible BV/Share 11.66 +5.4%
Debt/Equity 1.13 -9.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong NIM of 4.6%
✓Efficient operations: 19.2% efficiency ratio
✓Trading at only 0.4x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.69%

5Y11.32%

3Y19.64%

TTM-

Profit (Net Income) CAGR

10Y9.03%

5Y-4.02%

3Y-4.88%

TTM-24.61%

EPS CAGR

10Y2.05%

5Y-16.93%

3Y-25.21%

TTM-80%

ROCE

10Y Avg3.52%

5Y Avg3.28%

3Y Avg2.79%

Latest2.5%

Peer Comparison

Latin American Retail Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FBPFirst BanCorp.	3.39B	21.44	11.85	6.16%	25.04%	16.62%	11.64%	0.34
OFGOFG Bancorp	1.84B	41.92	9.91	13%	24.09%	14.59%	11.44%	0.34
BSBRBanco Santander (Brasil) S.A.	46.17B	6.18	7.10	6.31%	10.36%	7.84%		1.13
BAPCredicorp Ltd.	25.3B	318.78	4.61	6.4%	20.38%	17.35%	53.01%	1.07
IFSIntercorp Financial Services Inc.	5.01B	45.00	3.95	0.75%	14.68%	16.41%		1.08
INTRInter & Co, Inc.	2.63B	8.15	3.94	27.12%	9.34%	12.37%	100%	1.31
BBDBanco Bradesco S.A.	18.54B	3.51	2.15	-2%	6.91%	12.1%		4.08
ITUBItaú Unibanco Holding S.A.	40.24B	7.44	1.97	6.27%	12.61%	19.74%		4.09

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	31.34B	30.59B	34.95B	41.92B	44.32B	44.44B	51.32B	47.5B	46.88B	56.68B
NII Growth %	0.15%	-0.02%	0.14%	0.2%	0.06%	0%	0.15%	-0.07%	-0.01%	0.21%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	69.87B	77.15B	71.42B	70.48B	72.84B	62.77B	77.99B	115.23B	128.28B	137.18B
Interest Expense	38.53B	46.56B	36.47B	28.56B	28.52B	18.33B	26.67B	67.72B	81.4B	80.5B
Loan Loss Provision	4B	2.72B	3.31B	2B	3.68B	1.66B	2.18B	1.22B	4.42B	4.6B
Non-Interest Income+	-13.36B	6.22B	2.94B	-3.58B	2.63B	-11.89B	-2.64B	-4.33B	-6.92B	-8.16B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	56.51B	83.36B	74.36B	66.9B	75.47B	50.88B	75.34B	110.9B	121.36B	129.02B
Revenue Growth %	0.01%	0.48%	-0.11%	-0.1%	0.13%	-0.33%	0.48%	0.47%	0.09%	0.06%
Non-Interest Expense	17.19B	17.69B	20.06B	20.43B	20.99B	21.23B	21.74B	22.38B	23.62B	24.73B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	-3.22B	16.38B	14.51B	15.91B	22.27B	9.66B	24.75B	19.57B	11.92B	19.19B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-1.5%	6.09%	-0.11%	0.1%	0.4%	-0.57%	1.56%	-0.21%	-0.39%	0.61%
Pretax Income+	-3.22B	16.38B	14.51B	15.91B	22.27B	9.66B	24.75B	19.57B	11.92B	19.19B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-13.05B	8.92B	5.38B	3.11B	5.64B	-3.79B	9.19B	5.24B	2.42B	5.78B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	9.78B	7.33B	8.92B	12.58B	16.41B	13.42B	15.53B	14.29B	9.45B	13.37B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.74%	-0.25%	0.22%	0.41%	0.3%	-0.18%	0.16%	-0.08%	-0.34%	0.41%
Net Income (Continuing)	9.83B	7.46B	9.14B	12.8B	16.63B	13.45B	15.56B	14.34B	9.5B	13.41B
EPS (Diluted)+	1.24	0.93	1.13	1.68	2.20	1.80	2.08	1.90	0.62	0.87
EPS Growth %	0.75%	-0.25%	0.22%	0.49%	0.31%	-0.18%	0.16%	-0.09%	-0.67%	0.4%
EPS (Basic)	1.24	0.93	1.13	1.68	2.20	1.80	2.08	1.92	0.62	0.87
Diluted Shares Outstanding	7.55B	7.53B	7.51B	7.49B	7.47B	7.46B	7.47B	7.51B	7.45B	7.46B

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	89.14B	26.28B	20.64B	19.46B	20.13B	78.93B	101.57B	149.64B	193.99B	204.88B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	390.32B	406.12B	468.67B	562.57B	606.05B	670.22B	671.69B	656.46B	308.51B	382.88B
Investments Growth %	0.14%	0.04%	0.15%	0.2%	0.08%	0.11%	0%	-0.02%	-0.53%	0.24%
Long-Term Investments	322.06B	348.31B	382.85B	477.14B	509.93B	560.48B	570.45B	601.04B	249.46B	290.8B
Accounts Receivables	8K	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	28.33B	28.36B	28.36B	28.38B	28.38B	28.36B	27.92B	27.89B	27.85B	27.89B
Intangible Assets	1.7B	3.08B	1.84B	3.31B	4.15B	4.28B	2.87B	3.71B	4.52B	4.93B
PP&E (Net)	7.01B	6.65B	6.51B	6.59B	9.78B	9.54B	8.78B	8.19B	7.09B	6.02B
Other Assets	51.33B	132.21B	87.18B	69.73B	55.85B	96.2B	70.86B	85.13B	-288.92B	545.78B
Total Current Assets	164.39B	91.35B	114.19B	111.03B	122.24B	196.74B	212.69B	220.88B	283.14B	315.14B
Total Non-Current Assets	441B	543.04B	531.52B	612.83B	638.38B	736.84B	718.52B	764.57B	1.34T	923.65B
Total Assets+	605.39B	634.39B	645.7B	723.87B	760.61B	933.58B	931.21B	985.45B	1.12T	1.24T
Asset Growth %	0.16%	0.05%	0.02%	0.12%	0.05%	0.23%	-0%	0.06%	0.13%	0.11%
Return on Assets (ROA)	0.02%	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	112.71B	108.62B	79.2B	94.29B	83.88B	70B	98.68B	126.66B	144.02B	135.37B
Net Debt	23.57B	82.34B	58.56B	74.83B	63.75B	-8.93B	-2.89B	-22.98B	-49.97B	-69.51B
Long-Term Debt	112.71B	108.62B	79.2B	94.29B	83.88B	70B	98.68B	126.66B	144.02B	23.14B
Short-Term Debt	0	0	0	0	0	0	0	0	0	112.23B
Other Liabilities	124.12B	137.7B	148.51B	192.91B	203.28B	249.17B	232.48B	219.42B	847.73B	283.07B
Total Current Liabilities	287.91B	301.99B	328.4B	342.03B	370.71B	503.78B	491.85B	525.05B	9.07B	807.08B
Total Non-Current Liabilities	237.65B	247.59B	230.21B	290.24B	292.7B	323.71B	333.38B	349.72B	995.45B	311.89B
Total Liabilities	525.56B	549.58B	558.62B	632.27B	663.4B	827.49B	825.23B	874.77B	1T	1.12T
Total Equity+	79.84B	84.81B	87.09B	91.6B	97.21B	106.09B	105.97B	110.68B	114.86B	119.83B
Equity Growth %	0.01%	0.06%	0.03%	0.05%	0.06%	0.09%	-0%	0.04%	0.04%	0.04%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.12%	0.09%	0.1%	0.14%	0.17%	0.13%	0.15%	0.13%	0.08%	0.11%
Book Value per Share	10.58	11.27	11.59	12.23	13.02	14.21	14.19	14.73	15.41	16.06
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	57B	57B	57B	57B	57B	57B	55B	55B	55B	65B
Additional Paid-in Capital	57B	57B	57B	0	0	0	0	0	0	0
Retained Earnings	9.78B	7.33B	8.92B	12.58B	16.41B	13.42B	54.39B	60.44B	63.92B	61.45B
Accumulated OCI	14.06B	21.28B	21.89B	22.96B	23.99B	36.15B	-3.03B	-4.04B	-3.36B	-6.08B
Treasury Stock	-423.95M	-514.03M	-148.44M	-461.43M	-681.13M	-791.36M	-713.04M	-1.22B	-1.11B	-884.71M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	4.03B	6.75B	50.29B	8.28B	24.87B	42.32B	6.81B	6.85B	36.61B	-21.13B
Operating CF Growth %	1.87%	0.68%	6.45%	-0.84%	2%	0.7%	-0.84%	0.01%	4.35%	-1.58%
Net Income	9.83B	7.46B	9.14B	12.8B	16.63B	13.45B	15.56B	14.34B	9.45B	13.41B
Depreciation & Amortization	1.49B	1.48B	1.66B	1.74B	2.39B	2.58B	2.43B	2.59B	2.74B	2.73B
Deferred Taxes	-10.4B	5.13B	-617.23M	-1.82B	-3.09B	-8.35B	2.05B	-748.91M	-6.11B	-1.26B
Other Non-Cash Items	-1.16B	9.29B	12.69B	11.17B	10.06B	-26.76B	-22.91B	42.86B	3.45B	-5.83B
Working Capital Changes	4.27B	-16.62B	27.42B	-15.62B	-1.11B	61.4B	9.68B	-52.19B	27.04B	-30.18B
Cash from Investing+	-760.84M	-1.27B	-1.45B	-2.36B	-2.51B	-1.16B	-1.93B	-2.71B	-2.58B	-2.02B
Purchase of Investments	0	-3.1M	-34.15M	-36.05M	0	0	0	0	0	0
Sale/Maturity of Investments	0	1000K	0	0	0	0	0	0	0	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	857.89M	-393M	-275.09M	-111.22M	-746K	-13.57M	-13.75M	-460.25M	-5.05M	-114.21M
Other Investing	-548.44M	-75.9M	-37.35M	-818.5M	-587.81M	86.4M	-750.17M	-1.12B	-1.13B	-1.05B
Cash from Financing+	4.36B	-18.19B	-44.3B	-3.3B	-26.2B	-34.15B	-658.51M	12.75B	5.82B	930.18M
Dividends Paid	-3.99B	-3.21B	-5.65B	-6.08B	-6.95B	-10.28B	-9.91B	-7.39B	-5.45B	-5.62B
Share Repurchases	-247.03M	-90.03M	-378.78M	-312.31M	-219.7M	-110.22M	0	-506.28M	0	0
Stock Issued	0	0	0	0	0	0	78.32M	0	112.53M	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	1000K	1000K	1000K
Other Financing	4.8M	-5.83B	-37.64B	4.31B	85.73M	6.84M	-893.89M	-774.31M	-848.19M	6.26B
Net Change in Cash+	9.73B	-15B	4.54B	2.61B	-3.84B	7B	4.22B	16.9B	39.85B	-22.22B
Exchange Rate Effect	1000K	-1000K	0	0	-99K	0	0	0	0	0
Cash at Beginning	23.4B	33.13B	18.13B	22.67B	25.29B	21.44B	28.45B	32.67B	49.57B	89.42B
Cash at End	33.13B	18.13B	22.67B	25.29B	21.44B	28.45B	32.67B	49.57B	89.42B	67.2B
Interest Paid	0	46.05B	37.95B	29.8B	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	2.25B	5.2B	48.45B	5.27B	21.43B	40.31B	4.44B	3.98B	33.26B	-23.74B
FCF Growth %	1.32%	1.32%	8.31%	-0.89%	3.07%	0.88%	-0.89%	-0.1%	7.35%	-1.71%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.34%	8.91%	10.38%	14.08%	17.38%	13.2%	14.64%	13.19%	8.38%	11.39%
Return on Assets (ROA)	1.74%	1.18%	1.39%	1.84%	2.21%	1.58%	1.67%	1.49%	0.9%	1.14%
Net Interest Margin	5.18%	4.82%	5.41%	5.79%	5.83%	4.76%	5.51%	4.82%	4.2%	4.58%
Efficiency Ratio	30.42%	21.23%	26.98%	30.54%	27.82%	41.73%	28.86%	20.18%	19.46%	19.17%
Equity / Assets	13.19%	13.37%	13.49%	12.65%	12.78%	11.36%	11.38%	11.23%	10.29%	9.67%
Book Value / Share	10.58	11.27	11.59	12.23	13.02	14.21	14.19	14.73	15.41	16.06
NII Growth	15.09%	-2.4%	14.25%	19.96%	5.72%	0.27%	15.47%	-7.43%	-1.3%	20.89%
Dividend Payout	40.81%	43.78%	63.34%	48.29%	42.38%	76.61%	63.8%	51.75%	57.68%	42.04%

Frequently Asked Questions

Valuation & Price

Banco Santander (Brasil) S.A. (BSBR) has a price-to-earnings (P/E) ratio of 7.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Banco Santander (Brasil) S.A. (BSBR) grew revenue by 6.3% over the past year. This is steady growth.

Yes, Banco Santander (Brasil) S.A. (BSBR) is profitable, generating $9.31B in net income for fiscal year 2024 (10.4% net margin).

Dividend & Returns

Yes, Banco Santander (Brasil) S.A. (BSBR) pays a dividend with a yield of 12.19%. This makes it attractive for income-focused investors.

Banco Santander (Brasil) S.A. (BSBR) has a return on equity (ROE) of 11.4%. This is reasonable for most industries.

Industry Metrics

Banco Santander (Brasil) S.A. (BSBR) has a net interest margin (NIM) of 4.6%. This indicates healthy earnings from lending activities.

Banco Santander (Brasil) S.A. (BSBR) has an efficiency ratio of 19.2%. This is excellent, indicating strong cost control.

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