BSBR on NYSE

Banco Santander (Brasil)

Logo: Interbrand (Madrid office) [ 1 ], Public domain, via Wikimedia Commons⁴

Brazilian subsidiary of the Spanish Santander Group

Banco Santander (Brasil) S.A. is the Brazilian subsidiary of the Spanish Santander Group, headquartered in São Paulo, Brazil. It is the fifth largest banking institution in Brazil, as well as the fifth largest in Latin America, and the largest division of the group outside Europe, accounting for around 30% of its financial results globally by 2019.³ From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

13.0BNet income, fiscal 2025⁵

1982Founded¹

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TickerBSBR on NYSE¹
Industryeconomics of banking, financial sector, financial services¹
HeadquartersSão Paulo¹
Websitewww.santander.com.br
Legal formpublic limited company¹
Listed onNew York Stock Exchange (BSBR), São Paulo Stock Exchange (SANB4)¹
Incorporated inBrazil⁶
Business addressAv. Juscelino Kubitschek, 2235, Av. Juscelino Kubitschek, 2041, Sao Paulo, Sp, D5 04543-011⁶
Filer categoryLarge accelerated filer⁶

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

10.2%Return on equity⁵

Financial statements

Net income⁸⁹¹⁰¹¹¹²⁵$13.0B in 2025+1% since 2018

Every line of the income statement in the latest annual report, as filed.⁵

Period ending	2025-12-31	2024-12-31	2023-12-31
Interest and similar income	162.5B BRL	137.2B BRL	128.3B BRL
Interest and similar expenses	-104.9B BRL	-80.5B BRL	-81.4B BRL
Net Interest Income	57.6B BRL	56.7B BRL	46.9B BRL
Equity instrument income	85.5M BRL	83.6M BRL	22.2M BRL
Equity method income (loss)	458.3M BRL	313.0M BRL	239.2M BRL
Fee and commission income	25.5B BRL	23.7B BRL	22.5B BRL
Fee and commission expense	-8.0B BRL	-6.5B BRL	-6.8B BRL
Gains (losses) on financial assets and liabilities (net)	10.9B BRL	-1.4B BRL	2.7B BRL
Financial assets measured at fair value through profit or loss	7.9B BRL	-641.1M BRL	3.4B BRL
Financial instruments not measured at fair value through profit or loss	-416.4M BRL	-180.4M BRL	-463.8M BRL
Hedge and Other	3.5B BRL	-537.1M BRL	-247.5M BRL
Foreign exchange fluctuations (net)	-10.8B BRL	1.5B BRL	1.1B BRL
Other operating expense (net)	-808.3M BRL	-652.1M BRL	-715.8M BRL
Total Income	75.0B BRL	73.8B BRL	65.9B BRL
Administrative expenses	-20.9B BRL	-20.4B BRL	-19.6B BRL
Personnel expenses	-11.7B BRL	-11.6B BRL	-10.8B BRL
Other administrative expenses	-9.2B BRL	-8.8B BRL	-8.7B BRL
Depreciation and amortization	-2.6B BRL	-2.7B BRL	-2.7B BRL
Permanent assets	-1.1B BRL	-1.6B BRL	-1.8B BRL
Intangible assets	-1.5B BRL	-1.1B BRL	-899.3M BRL
Provisions (net)	-5.0B BRL	-4.6B BRL	-4.4B BRL
Impairment losses on financial assets (net)	-29.5B BRL	-28.5B BRL	-28.0B BRL
Financial assets measured at amortized cost	-29.5B BRL	-28.5B BRL	-28.0B BRL
Impairment losses on other assets (net)	-396.9M BRL	-252.5M BRL	-250.2M BRL
Other intangible assets	-67.0M BRL	-48.9M BRL	-19.5M BRL
Other assets	-329.9M BRL	-203.6M BRL	-230.7M BRL
Gains (losses) on disposal of assets not classified as non-current assets held for sale	111.0M BRL	1.8B BRL	998.4M BRL
Gains (losses) on disposal and expenses on non-current assets held for sale not classified as discontinued operations	101.1M BRL	106.0M BRL	45.2M BRL
Operating Income Before Tax	16.7B BRL	19.2B BRL	11.9B BRL
Income taxes	-3.8B BRL	-5.8B BRL	-2.4B BRL
Consolidated Net Income for the Fiscal Year	13.0B BRL	13.4B BRL	9.5B BRL
Profit attributable to the Parent Company	12.8B BRL	13.4B BRL	9.4B BRL
Profit attributable to non-controlling interests	199.1M BRL	48.3M BRL	49.5M BRL
Consolidated Net Income for the Fiscal Year	13.0B BRL	13.4B BRL	9.5B BRL

Total assets⁸⁹¹⁰¹¹¹²⁵$1.3T in 2025+75% since 2018

Total liabilities⁸⁹¹⁰¹¹¹²⁵$1.1T in 2025+81% since 2018

Shareholders’ equity⁹¹⁰¹¹¹²⁵$126.6B in 2025+38% since 2018

Cash⁹¹⁰¹¹¹²⁵$73.3B in 2025+190% since 2018

Every line of the balance sheet in the latest annual report, as filed.⁵

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash	20.2B BRL	37.1B BRL
Financial Assets Measured at Fair Value Through Profit or Loss	262.4B BRL	231.0B BRL
Debt instruments	95.5B BRL	107.6B BRL
Equity instruments	4.9B BRL	3.0B BRL
Derivatives	65.6B BRL	40.2B BRL
Loans and advances to customers	6.4B BRL	4.9B BRL
Compulsory deposits with the Brazilian Central Bank	90.0B BRL	75.4B BRL
Financial Assets Measured At Fair Value Through Other Comprehensive Income	69.4B BRL	92.1B BRL
Debt instruments	69.4B BRL	92.1B BRL	59.0B BRL
Equity instruments	92.4M BRL	19.6M BRL
Financial Assets Measured At Amortized Cost	800.5B BRL	768.3B BRL
Loans and other receivables from credit institutions	35.9B BRL	30.2B BRL
Loans and advances to customers	558.1B BRL	561.2B BRL
Debt instruments	114.7B BRL	84.5B BRL
Compulsory deposits with the Brazilian Central Bank	91.8B BRL	92.4B BRL
Derivatives Used as Hedge Accounting	217.5M BRL	30.5M BRL
Non-Current Assets Held For Sale	1.4B BRL	1.0B BRL
Investments in Associates and Joint Ventures	3.5B BRL	3.6B BRL
Tax Assets	65.1B BRL	59.8B BRL
Current	14.2B BRL	11.6B BRL
Deferred	50.9B BRL	48.2B BRL
Other Assets	8.9B BRL	7.0B BRL
Permanent Assets	5.0B BRL	6.0B BRL
Intangible Assets	33.2B BRL	32.8B BRL
Goodwill	27.8B BRL	27.9B BRL
Other intangible assets	5.4B BRL	4.9B BRL
Total Assets	1.3T BRL	1.2T BRL
Financial Liabilities Measured At Fair Value Through Profit or Loss	112.5B BRL	82.7B BRL
Derivatives	59.8B BRL	39.3B BRL
Short positions	49.4B BRL	39.4B BRL
Liabilities arising from securities	3.3B BRL	4.0B BRL
Financial Liabilities at Amortized Cost	992.4B BRL	1.0T BRL
Credit institution deposits	146.9B BRL	158.6B BRL
Customer deposits	593.3B BRL	605.1B BRL
Liabilities arising from securities	156.7B BRL	135.6B BRL
Debt instruments eligible as capital	28.1B BRL	23.1B BRL
Other financial liabilities	67.4B BRL	79.2B BRL
Derivatives Used as Hedge Accounting	184.0M BRL	129.8M BRL
Provisions	11.8B BRL	11.0B BRL
Obligations for pension funds and similar liabilities	1.4B BRL	1.4B BRL
Provisions for judicial and administrative proceedings, commitments, and other provisions	10.4B BRL	9.6B BRL
Tax Liabilities	9.4B BRL	10.2B BRL
Current	4.8B BRL	4.5B BRL
Deferred	4.6B BRL	5.7B BRL
Other Liabilities	17.2B BRL	13.4B BRL
Total Liabilities	1.1T BRL	1.1T BRL
Shareholders Equity	130.3B BRL	126.2B BRL
Share capital	65.0B BRL	65.0B BRL
Capital reserve	630.2M BRL	630.0M BRL
Treasury shares	-719.6M BRL	-884.7M BRL
Profit Reserve	65.4B BRL	61.5B BRL
Other Comprehensive Income	-5.1B BRL	-6.7B BRL
Shareholders Equity Attributable to the Parent	125.2B BRL	119.5B BRL
Non - Controlling interests	1.4B BRL	335.4M BRL	403.4M BRL
Total Shareholders Equity	126.6B BRL	119.8B BRL
Total Liabilities and Shareholders Equity	1.3T BRL	1.2T BRL

Cash from operations⁸⁹¹⁰¹¹¹²⁵$5.0B in 2025−40% since 2018

Every line of the cash flow in the latest annual report, as filed.⁵

Period ending	2025-12-31	2024-12-31	2023-12-31
Consolidated Net Income for the Fiscal Year	13.0B BRL	13.4B BRL	9.5B BRL
Profit Adjustments	14.1B BRL	1.1B BRL	6.0B BRL
Depreciation of Tangible Assets	1.1B BRL	1.6B BRL	1.8B BRL
Amortization of Intangible Assets	1.5B BRL	1.1B BRL	899.3M BRL
Impairment Losses on Other Assets (Net)	396.9M BRL	252.5M BRL	250.2M BRL
Provisions (Net)	5.0B BRL	4.6B BRL	4.4B BRL
Impairment losses on financial assets (net)	29.5B BRL	28.5B BRL	28.0B BRL
Net gains on disposal of permanent assets, investments, and non-current assets held for sale	-212.1M BRL	-1.9B BRL	-855.6M BRL
Income (Loss) Share under the Equity Method	-458.3M BRL	-313.0M BRL	-239.2M BRL
Deferred Taxes	-4.3B BRL	-886.0M BRL	-5.6B BRL
Judicial Deposits Adjustment	-724.0M BRL	-689.8M BRL	-728.7M BRL
Recoverable Taxes Adjustment	-496.7M BRL	-376.9M BRL	-557.0M BRL
Effects of Exchange Rate Fluctuations on Assets and Liabilities	-17.3B BRL	-30.8B BRL	-21.4B BRL
Other		-57.2M BRL	-90.6M BRL
Net (Increase) Decrease in Operating Assets	-46.7B BRL	-187.7B BRL	-129.1B BRL
Financial Assets Measured at Fair Value through Profit or Loss	-30.5B BRL	-21.0B BRL	-88.0B BRL
Financial Assets Measured at Fair Value Through Other Comprehensive Income	17.9B BRL	-39.0B BRL	-3.9B BRL
Financial Assets Measured at Amortized Cost	-37.4B BRL	-124.9B BRL	-41.9B BRL
Other Assets	3.4B BRL	-2.8B BRL	4.7B BRL
Net Increase (Decrease) in Operating Liabilities	31.1B BRL	157.5B BRL	156.1B BRL
Financial Liabilities Measured at Fair Value Through Profit or Loss	29.7B BRL	33.1B BRL	-86.8M BRL
Financial Liabilities Measured at Amortized Cost	-10.3B BRL	130.9B BRL	144.4B BRL
Other Liabilities	11.7B BRL	-6.6B BRL	11.8B BRL
Tax Paid	-6.5B BRL	-5.4B BRL	-5.9B BRL
Total Net Cash Flow from Operating Activities (1)	5.0B BRL	-21.1B BRL	36.6B BRL
Investments	-4.2B BRL	-3.4B BRL	-4.0B BRL
Increase in Subsidiaries	-7.5M BRL	-114.2M BRL	-5.1M BRL
Tangible Assets	-921.4M BRL	-855.0M BRL	-1.4B BRL
Intangible Assets	-2.2B BRL	-1.8B BRL	-1.9B BRL
Non-current Assets Held for Sale	-1.0B BRL	-711.7M BRL	-605.3M BRL
Disposal	600.9M BRL	1.0B BRL	719.7M BRL
Tangible Assets	-513.2M BRL	333.4M BRL	117.3M BRL
Intangible Assets	482.1M BRL	110.1M BRL	185.2M BRL
Non-current Assets Held for Sale	632.0M BRL	601.4M BRL	417.2M BRL
Dividends / Interest on Equity Received from Investments in Associates and Jointly Controlled Entities	229.4M BRL	375.2M BRL	663.0M BRL
Total Net Cash Flow from Investing Activities (2)	-3.3B BRL	-2.0B BRL	-2.6B BRL
Acquisition (Disposal) of Own Shares	165.1M BRL	222.1M BRL	112.5M BRL
Issuance (Repurchase) of Debt Instruments Eligible as Capital	2.4B BRL	68.5M BRL
Issuance of Other Long-term Financial Liabilities	88.5B BRL	39.5B BRL	75.4B BRL
Dividends and Interest on Equity Paid	-6.5B BRL	-5.6B BRL	-5.5B BRL
Payments of Other Long-term Financial Liabilities	-79.9B BRL	-33.0B BRL	-63.4B BRL
Interest Payments on Debt Instruments Eligible as Capital	-1.1B BRL	-132.2M BRL	-714.0M BRL
Increase (Decrease) in Non-controlling Interests	876.2M BRL	-112.7M BRL	-134.2M BRL
Total Net Cash Flow from Financing Activities (3)	4.4B BRL	930.2M BRL	5.8B BRL
Net Increase (Decrease) in Cash and Cash Equivalents (1+2+3)	6.1B BRL	-22.2B BRL	39.9B BRL

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How it started

History

In 1997, Santander purchased Banco Geral do Comério S.A., initiating the wave of acquisitions through which it earned a position among the largest financial groups in Brazil. In 1998, it acquired Banco Noroeste S.A.. In January 2000, the Southern Financial conglomerate (Banco Meridional and Banco Bozano, Simonsen) joined the group. In November of the same year, Santander made its largest acquisition yet, taking control over Banespa, previously owned by Brazil's wealthiest state, São Paulo.

After the Banespa acquisition, the financial conglomerate Santander Banespa was formed. While a strong franchise, Santander's position was still heavily concentrated in the Southeast region of Brazil.

In 2007, Banco Santander participated along with Royal Bank of Scotland and Fortis in the acquisition of the Dutch financial conglomerate ABN AMRO. Santander took over ABN AMRO's Brazilian assets, mainly formed by the latter's acquisition of Banco Real, and developed a truly national platform, dropping the Banespa name and adopting the Santander Brasil franchise.

On October 7, 2009 the bank went public in the São Paulo Stock Exchange, also issuing ADRs in the NYSE. In Brazil, the IPO raised R$14.1 billion, or US$8.9 billion, the largest stock offering made in the BM&F Bovespa that year.

From Wikipedia’s article on Banco Santander (Brasil), shared under CC BY-SA 4.0.³

Products and brands

financial services

Listed on Wikidata.¹

Subsidiaries and ownership

Parent company

Banco Santander

Owners

Santander Group

From Wikidata.¹

Timeline

Sep 28, 2021Went public Listed on São Paulo Stock Exchange¹
1982Founded Founded¹

Recent filings

Oct 9, 20266-K
Oct 9, 20266-K
Oct 8, 20264
Oct 7, 20263
Oct 2, 20266-K
Sep 29, 20264
Sep 28, 20264
Sep 28, 20264
Sep 28, 20264
Sep 22, 20266-K
Sep 22, 2026425
Sep 22, 2026425
Sep 8, 20264
Sep 2, 20264/A
Sep 2, 20263

Every filing from the last three years, summarized. The full record is on SEC EDGAR.²

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataBanco Santander (Brasil) on Wikidata
2
SEC EDGARBanco Santander (Brasil) filings on SEC EDGAR
3
WikipediaBanco Santander (Brasil) on Wikipedia
4
Wikimedia CommonsBanco Santander (Brasil) logo by Interbrand (Madrid office) [ 1 ], Public domain
5
SEC EDGARBanco Santander (Brasil) 10-K for fiscal 2025
6
SEC EDGARBanco Santander (Brasil) filings on SEC EDGAR
7
Wikimedia CommonsBanco Santander (Brasil) photo by Webysther Nunes, CC BY-SA 4.0
8
SEC EDGARBanco Santander (Brasil) 10-K for fiscal 2018
9
SEC EDGARBanco Santander (Brasil) 10-K for fiscal 2019
10
SEC EDGARBanco Santander (Brasil) 10-K for fiscal 2020
11
SEC EDGARBanco Santander (Brasil) 10-K for fiscal 2021
12
SEC EDGARBanco Santander (Brasil) 10-K for fiscal 2022