Banco Santander (Brasil) S.a. (BSBR) Financial Statements

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Banco Santander (Brasil) financial statements at a glance

Banco Santander (Brasil) reported revenue of 46.68 billion BRL for fiscal year 2025 (ended December 31, 2025), down 3.8% from fiscal year 2024. Net income was 6.20 billion BRL, a net margin of 13.3%, and diluted earnings per share were 1.63 BRL.

At the end of fiscal year 2025 it had total assets of 1.27 trillion BRL, total liabilities of 1.14 trillion BRL and shareholders' equity of 125.17 billion BRL, with cash of 201.98 billion BRL and total debt of 28.11 billion BRL.

Its operations brought in 4.99 billion BRL of cash; capital spending was 3.66 billion BRL, leaving free cash flow of 1.34 billion BRL.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in BRL; latest fiscal year ended December 31, 2025.

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Banco Santander (Brasil) S.a.

BSBRBrazil
Financial Services
BRL (Local)

Income Statement

Annual • BRL

Total Revenue
46.68B
Prev Year: 48.52B
YoY: -3.8%
Net Interest Income
57.63B
Prev Year: 56.68B
YoY: +1.7%
Interest Income
162.49B
Prev Year: 137.18B
YoY: +18.5%
Interest Expense
104.86B
Prev Year: 80.50B
YoY: +30.3%
Selling General and Administrative
19.37B
Prev Year: 18.87B
YoY: +2.6%
Selling and Marketing Expense
482.88M
Prev Year: 516.45M
YoY: -6.5%
General and Administrative Expense
18.89B
Prev Year: 18.36B
YoY: +2.9%
Other General and Administrative
6.53B
Prev Year: 6.12B
YoY: +6.8%
Insurance and Claims
654.47M
Prev Year: 641.03M
YoY: +2.1%
Salaries and Wages
11.70B
Prev Year: 11.60B
YoY: +0.9%
Operating Revenue
46.68B
Professional and Contract Services Expense
2.05B
Prev Year: 2.00B
YoY: +2.4%
Other Noninterest Expense
1.13B
Prev Year: 1.33B
YoY: -14.7%
Special Income Charges
-248.43M
Prev Year: -110.30M
YoY: -125.2%
Provision for Credit Losses
-
Prev Year: -4.60B
Impairment of Capital Assets
67.02M
Prev Year: 48.90M
YoY: +37.1%
Write-offs
329.92M
Prev Year: 203.59M
YoY: +62.1%
Pre-tax Income
16.73B
Prev Year: 19.19B
YoY: -12.8%
Non Interest Expense
-
Prev Year: 24.94B
Provision for Income Taxes
3.76B
Prev Year: 5.78B
YoY: -34.8%
Income from Associates and Other Participating Interests
-
Prev Year: 312.99M
Net Income Common Stockholders
6.20B
Prev Year: 6.49B
YoY: -4.5%
Net Income
12.77B
Prev Year: 13.37B
YoY: -4.5%
Net Income Including Non-Controlling Interests
12.97B
Prev Year: 13.41B
YoY: -3.3%
Net Income from Continuing Operations
12.97B
Prev Year: 13.41B
YoY: -3.3%
Noncontrolling Interests
-199.09M
Prev Year: -48.26M
YoY: -312.6%
Diluted NI Available to Com Stockholders
6.20B
Prev Year: 6.49B
YoY: -4.5%
Other Non-operating Income (expense)
-
Basic EPS
1.629
Diluted EPS
1.629
Weighted Average Shares (basic)
3.80B
Weighted Average Shares (diluted)
3.80B
Interest Income After Provision for Loan Loss
-
Prev Year: 52.08B
Average Dilution Earnings
-
Net Income from Continuing and Discontinued Operation
12.77B
Prev Year: 13.37B
YoY: -4.5%
Normalized Income
12.96B
Prev Year: 13.44B
YoY: -3.6%
Reconciled Depreciation
2.63B
Prev Year: 2.73B
YoY: -3.9%
Total Money Market Investments
-
Prev Year: 17.99B
Net Income from Continuing Operation Net Minority Interest
12.77B
Prev Year: 13.37B
YoY: -4.5%
Total Unusual Items Excluding Goodwill
-248.43M
Prev Year: -110.30M
YoY: -125.2%
Total Unusual Items
-248.43M
Prev Year: -110.30M
YoY: -125.2%
Tax Rate for Calcs
0.225
Prev Year: 0
Tax Effect of Unusual Items
-55.90M
Prev Year: -33.20M
YoY: -68.4%
Preferred Stock Dividends
6.57B
Prev Year: 6.88B
YoY: -4.5%
Other Special Charges
-148.51M
Prev Year: -142.19M
YoY: -4.4%
Gain on Sale of Securities
-18.45B
Prev Year: -27.99B
YoY: +34.1%
Depreciation Amortization Depletion
2.63B
Prev Year: 2.73B
YoY: -3.9%
Depreciation and amortization
2.63B
Prev Year: 2.73B
YoY: -3.9%
Amortization
1.54B
Prev Year: 1.14B
YoY: +34.4%
Amortization of Intangibles
1.54B
Prev Year: 1.14B
YoY: +34.4%
Depreciation
1.09B
Prev Year: 1.59B
YoY: -31.5%
Values in BRL

Banco Santander (Brasil) key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue46.7B BRL48.5B BRL40.0B BRL43.2B BRL48.7B BRL
Net income6.2B BRL6.5B BRL4.6B BRL6.9B BRL7.5B BRL
Diluted EPS1.63 BRL–1.21 BRL1.83 BRL1.98 BRL
Total assets1.3T BRL1.2T BRL1.1T BRL985.5B BRL931.2B BRL
Total liabilities1.1T BRL1.1T BRL1.0T BRL874.8B BRL825.2B BRL
Shareholders' equity125.2B BRL119.5B BRL114.5B BRL110.2B BRL105.6B BRL
Cash202.0B BRL204.9B BRL194.0B BRL149.6B BRL101.6B BRL
Total debt28.1B BRL23.1B BRL19.6B BRL126.7B BRL98.7B BRL
Operating cash flow5.0B BRL-21.1B BRL36.6B BRL6.8B BRL6.8B BRL
Capital spending3.7B BRL2.6B BRL3.4B BRL2.9B BRL2.7B BRL
Free cash flow1.3B BRL-23.7B BRL33.3B BRL4.0B BRL4.1B BRL

In BRL. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Banco Santander (Brasil)'s revenue in fiscal year 2025?

46.68 billion BRL, down 3.8% from 48.52 billion BRL in fiscal year 2024.

How much profit does Banco Santander (Brasil) make?

Banco Santander (Brasil) reported net income of 6.20 billion BRL for fiscal year 2025 (13.3% of revenue).

How much cash and debt does Banco Santander (Brasil) have?

At the end of fiscal year 2025: cash of 201.98 billion BRL and total debt of 28.11 billion BRL.

What is Banco Santander (Brasil)'s free cash flow?

1.34 billion BRL in fiscal year 2025 (operating cash flow of 4.99 billion BRL minus capital spending of 3.66 billion BRL).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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