The bank maintains a consistent capital structure with an equity-to-assets ratio anchored at 0.10, despite total assets reaching 1.3 trillion BRL in 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'03 |
|---|
| Cash & Short Term Investments | 870.29B | 271.43B | 296.96B | 253.04B | 289.9B | 273.39B | 188.67B | 116.25B | 104.9B | 106.47B | 84.1B | 157.41B | 131.07B | 98B | 99.68B | 110.55B | 104.01B | 27.27B | 23.7B | 1.64B | 1.18B | 0 |
| Cash & Due from Banks | 239.62B | 201.98B | 204.88B | 193.99B | 149.64B | 101.57B | 78.93B | 20.13B | 19.46B | 20.64B | 26.28B | 89.14B | 55.9B | 51.71B | 55.54B | 65.94B | 56.8B | 27.27B | 23.7B | 1.64B | 1.18B | 0 |
| Short Term Investments | 58.63B | 69.45B | 92.08B | 59.05B | 140.26B | 171.81B | 109.74B | 96.12B | 85.44B | 85.82B | 57.82B | 68.27B | 75.16B | 46.29B | 44.15B | 44.61B | 47.21B | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 938.43B | 955.8B | 928.32B | 823.37B | 741.3B | 742.26B | 670.22B | 606.05B | 562.57B | 468.67B | 406.12B | 390.32B | 342.93B | 308.02B | 273.13B | 248.67B | 239.81B | 215.62B | 199.89B | 83.56B | 77.62B | 162.04M |
| Investments Growth % | -91.63% | 2.96% | 12.75% | 11.07% | -0.13% | 10.75% | 10.59% | 7.73% | 20.04% | 15.4% | 4.05% | 13.82% | 11.33% | 12.78% | 9.84% | 3.69% | 11.22% | 7.87% | 139.21% | 7.66% | 47801.01% | - |
| Long-Term Investments | 2.79T | 886.35B | 836.24B | 764.31B | 601.04B | 570.45B | 560.48B | 509.93B | 477.14B | 382.85B | 348.31B | 322.06B | 267.77B | 261.74B | 228.98B | 204.06B | 192.6B | 215.62B | 199.89B | 83.56B | 77.62B | 162.04M |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8K | 530.31M | 399.05M | 134.01M | 326.64M | 0 | 0 | 0 | 21.13B | 15.63B | 0 |
| Goodwill & Intangibles | 33.14B | 33.23B | 32.83B | 32.38B | 31.6B | 30.79B | 32.64B | 32.52B | 31.69B | 30.2B | 31.43B | 30.04B | 31.17B | 30.44B | 32.02B | 31.44B | 31.96B | 31.62B | 31B | 1.79B | 0 | 0 |
| Goodwill | 27.8B | 27.84B | 27.89B | 27.85B | 27.89B | 27.92B | 28.36B | 28.38B | 28.38B | 28.36B | 28.36B | 28.33B | 28.27B | 27.22B | 27.22B | 27.22B | 28.31B | 28.31B | 27.49B | 0 | 0 | 0 |
| Intangible Assets | 5.34B | 5.38B | 4.93B | 4.52B | 3.71B | 2.87B | 4.28B | 4.15B | 3.31B | 1.84B | 3.08B | 1.7B | 2.9B | 3.22B | 4.8B | 4.22B | 3.65B | 3.31B | 3.51B | 1.79B | 0 | 0 |
| PP&E (Net) | 5.04B | 5.05B | 6.02B | 7.09B | 8.19B | 8.78B | 9.54B | 9.78B | 6.59B | 6.51B | 6.65B | 7.01B | 7.07B | 6.89B | 5.94B | 5.01B | 4.52B | 3.7B | 3.83B | 1.14B | 682.77M | 556.54M |
| Other Assets | 26.23B | 21.36B | 17.32B | 14.12B | 15.08B | 9.37B | 96.2B | 55.85B | 69.73B | 87.18B | 132.21B | 51.33B | 56.8B | 31.17B | 32.64B | 30.91B | 24.82B | 21.99B | 21.94B | 5.18B | 6.22B | 20.21B |
| Total Current Assets | 298.24B | 273.19B | 298.17B | 254.31B | 290.93B | 274.18B | 196.74B | 122.24B | 111.03B | 114.19B | 91.35B | 164.39B | 137.39B | 103.62B | 105.07B | 114.23B | 107.14B | 29.43B | 25.76B | 24.36B | 17.51B | 12.19B |
| Total Non-Current Assets | 995.62B | 996.84B | 940.63B | 861.34B | 694.52B | 657.03B | 736.84B | 638.38B | 612.83B | 531.52B | 543.04B | 441B | 382.85B | 349.44B | 317.54B | 286.35B | 267.53B | 286.54B | 268.43B | 91.68B | 84.52B | 23.5B |
| Total Assets | 1.29T | 1.27T | 1.24T | 1.12T | 985.45B | 931.21B | 933.58B | 760.61B | 723.87B | 645.7B | 634.39B | 605.39B | 520.23B | 453.05B | 422.61B | 400.58B | 374.66B | 315.97B | 294.19B | 116.04B | 102.03B | 35.69B |
| Asset Growth % | 458.49% | 2.52% | 11.04% | 13.21% | 5.83% | -0.25% | 22.74% | 5.08% | 12.1% | 1.78% | 4.79% | 16.37% | 14.83% | 7.2% | 5.5% | 6.92% | 18.57% | 7.4% | 153.53% | 13.73% | 185.86% | - |
| Return on Assets (ROA) | 1.1% | 1.02% | 1.14% | 0.9% | 1.49% | 1.67% | 1.58% | 2.21% | 1.84% | 1.39% | 1.18% | 1.74% | 1.16% | 1.31% | 1.33% | 2% | 2.14% | 1.81% | 1.16% | 1.75% | 1.17% | 4.55% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 133.91B | 129.96B | 135.37B | 135.8B | 126.66B | 98.68B | 70B | 83.88B | 94.29B | 79.2B | 108.62B | 112.71B | 84.42B | 74.21B | 65.93B | 49.5B | 29.78B | 22.74B | 12.09B | 11.66B | 9.96B | 8.96B |
| Net Debt | -105.71B | -72.03B | -69.51B | -58.19B | -22.98B | -2.89B | -8.93B | 63.75B | 74.83B | 58.56B | 82.34B | 23.57B | 28.52B | 22.49B | 10.4B | -16.44B | -27.02B | -4.53B | -11.61B | 10.02B | 8.78B | 0 |
| Long-Term Debt | 29.34B | 28.11B | 23.14B | 19.63B | 126.66B | 98.68B | 70B | 83.88B | 94.29B | 79.2B | 108.62B | 112.71B | 84.42B | 74.21B | 65.93B | 49.5B | 29.78B | 22.74B | 12.09B | 11.66B | 9.96B | 2.85B |
| Short-Term Debt | 104.57B | 101.84B | 112.23B | 116.17B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.11B |
| Other Liabilities | 317.51B | 310.74B | 276.93B | 239.51B | 215.25B | 226.53B | 249.17B | 203.28B | 192.91B | 148.51B | 137.7B | 124.12B | 114.15B | 79.73B | 78.06B | 89B | 92.86B | 45.02B | 35.61B | 56.24B | 52.3B | 10.8B |
| Total Current Liabilities | 814.13B | 800.04B | 813.22B | 737.96B | 529.22B | 497.8B | 503.78B | 370.71B | 342.03B | 328.4B | 301.99B | 287.91B | 242.66B | 215.84B | 195.91B | 181.45B | 174.38B | 175.07B | 193.52B | 38.87B | 31.79B | 16.17B |
| Total Non-Current Liabilities | 351.47B | 343.44B | 305.75B | 262.83B | 345.55B | 327.43B | 323.71B | 292.7B | 290.24B | 230.21B | 247.59B | 237.65B | 198.89B | 155.56B | 147.56B | 142.25B | 126.92B | 71.63B | 50.83B | 67.9B | 62.26B | 13.69B |
| Total Liabilities | 1.17T | 1.14T | 1.12T | 1T | 874.77B | 825.23B | 827.49B | 663.4B | 632.27B | 558.62B | 549.58B | 525.56B | 441.55B | 371.4B | 343.47B | 323.7B | 301.3B | 246.71B | 244.35B | 106.77B | 94.05B | 29.86B |
| Total Equity | 128.27B | 126.55B | 119.83B | 114.86B | 110.68B | 105.97B | 106.09B | 97.21B | 91.6B | 87.09B | 84.81B | 79.84B | 78.68B | 81.66B | 79.14B | 76.88B | 73.36B | 69.27B | 49.84B | 9.26B | 7.98B | 5.83B |
| Equity Growth % | 479.23% | 5.61% | 4.33% | 3.77% | 4.44% | -0.11% | 9.14% | 6.13% | 5.18% | 2.68% | 6.23% | 1.46% | -3.64% | 3.18% | 2.93% | 4.8% | 5.91% | 38.99% | 437.92% | 16.16% | 36.77% | - |
| Equity / Assets (Capital Ratio) | 9.91% | 9.96% | 9.67% | 10.29% | 11.23% | 11.38% | 11.36% | 12.78% | 12.65% | 13.49% | 13.37% | 13.19% | 15.12% | 18.02% | 18.73% | 19.19% | 19.58% | 21.92% | 16.94% | 7.98% | 7.82% | 16.34% |
| Return on Equity (ROE) | 11.11% | 10.36% | 11.39% | 8.38% | 13.19% | 14.64% | 13.2% | 17.38% | 14.08% | 10.38% | 8.91% | 12.34% | 7.02% | 7.12% | 7.03% | 10.3% | 10.35% | 9.25% | 8.05% | 22.08% | 11.64% | 27.86% |
| Book Value per Share | 17.13 | 33.27 | 16.06 | 15.41 | 14.73 | 14.19 | 14.21 | 13.02 | 12.23 | 11.59 | 11.27 | 10.58 | 10.40 | 11.28 | 10.93 | 10.60 | 10.11 | 11.09 | 13.98 | 3.93 | 3.23 | - |
| Tangible BV per Share | 12.70 | 24.53 | 11.66 | 11.07 | 10.53 | 10.07 | 9.84 | 8.66 | 8.00 | 7.57 | 7.09 | 6.60 | 6.28 | 7.08 | 6.51 | 6.26 | 5.71 | 6.03 | 5.28 | 3.17 | 3.23 | - |
| Common Stock | 65B | 65B | 65B | 55B | 55B | 55B | 57B | 57B | 57B | 57B | 57B | 57B | 56.81B | 62.63B | 62.63B | 62.63B | 62.63B | 62.61B | 47.15B | 8.33B | 6.83B | 3.67B |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57B | 57B | 57B | 56.81B | 62.63B | 62.63B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 66.46B | 65.37B | 61.45B | 63.92B | 60.44B | 54.39B | 13.42B | 16.41B | 12.58B | 8.92B | 7.33B | 9.78B | 5.63B | 5.72B | 5.48B | 7.74B | 7.38B | 7.67B | 3.62B | -36.84M | 101.53M | 1.98B |
| Accumulated OCI | -4.57B | -4.48B | -6.08B | -3.36B | -4.04B | -3.03B | 36.15B | 23.99B | 22.96B | 21.89B | 21.28B | 14.06B | 17.26B | -49.33B | -51.68B | 6.6B | 3.34B | 559.04M | 513.62M | 627.55M | 911.17M | 40.49M |
| Treasury Stock | -492.52M | -719.56M | -884.71M | -1.11B | -1.22B | -713.04M | -791.36M | -681.13M | -461.43M | -148.44M | -514.03M | -423.95M | -445.5M | -291.71M | -170.56M | -112.77M | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Credit quality and SELIC volatility
Based on reported financial statements, BSBR's total assets reached 1.3 trillion BRL in 2026Q1, demonstrating a persistent, albeit uneven, growth trajectory that appears heavily influenced by the bank's strategic shift toward higher-quality segments like agribusiness and high-income retail to offset broader macroeconomic pressures in the Brazilian market.
The bank's asset base has shown resilience, yet the growth appears largely defensive rather than expansionary. Investors should monitor whether the shift toward the 'Select' and 'Agro' segments can effectively lower the bank's overall beta, as current asset growth remains tethered to the volatile SELIC rate environment.
As evidenced by the quarterly data, loan loss provisions reached 1.3 billion BRL in 2026Q1, a figure that remains sensitive to the bank's historical exposure to the automotive financing niche and the broader credit cycle affecting Brazilian retail and SME borrowers.
The fluctuation in provisioning suggests that the bank is actively managing credit risk, though the potential for earnings smoothing through discretionary provisioning warrants further investigation. The concentration in auto-loans remains a critical risk factor that could lead to further margin compression if default rates accelerate.
According to the bank's reported figures, the equity-to-assets ratio has remained consistently anchored at 0.10 over the last ten quarters, suggesting that BSBR maintains a stable regulatory capital position despite the significant volatility observed in its underlying net income and operational cash flows.
While the 0.10 ratio indicates a stable capital base, the reliance on deferred tax assets to support these levels may mask underlying capital generation challenges. The bank's ability to sustain dividend payments while navigating a volatile credit environment suggests a disciplined, if constrained, approach to capital allocation.
Based on an analysis of the bank's historical filings, the significant discrepancy between total assets and equity, alongside the heavy use of hedge accounting, suggests that the balance sheet may contain latent volatility that is not immediately apparent in standard headline capital ratios.
The bank's reliance on currency hedges and tax credits creates a complex balance sheet structure that may obscure the true economic impact of interest rate shifts. Investors should be wary of the potential for non-cash adjustments to distort the perceived health of the bank's capital position during periods of market stress.
Quick answers to the most common questions about buying BSBR stock.
As of 2025, Banco Santander (Brasil) S.A. (BSBR) had total assets of $1.27T including $273.19B in current assets.
Banco Santander (Brasil) S.A. (BSBR) carries total debt of $129.96B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Banco Santander (Brasil) S.A. (BSBR) has total shareholders' equity (book value) of $125.17B ($33.27 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Banco Santander (Brasil) S.A. (BSBR) reported a current ratio of 0.34x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.