Banco Santander (Brasil) S.A.(BSBR)

$5.76—Stale · unknown old

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Banco Santander (Brasil) S.A.(BSBR)

NYSE • Last print unknown ago

$5.76—Stale · unknown old

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BSBR(BSBR)

BSBR

9/26/26

Banco Santander (Brasil) (BSBR)

Saturday

9:43 AM

ThesisBanco Santander (Brasil): the story is balanced — Brazilian Selic rate changes - directly impacts net interest margin and loan demand across all segments

Revenue Outlook

Metric	FY2025	FY2026E	FY2027E
Revenue	$151.5B	$84.7B	$91.8B
Rev. Growth	+17.5%	-44.1%	+8.3%
EPS	$0.83	$3.73	$4.40
EPS Growth	-4.6%	+349%	+17.8%
P/E (fwd)	6.9×	1.5×	1.3×

★ Analysts see FY2027 revenue reaching $91.8B — +8.3% growth in a single year.

What Moves the Stock

01Brazilian Selic rate changes - directly impacts net interest margin and loan demand across all segments
02Credit quality trends - non-performing loan ratios, provision expense, and coverage ratios for consumer and SME portfolios
03Loan portfolio growth rates - particularly in higher-margin segments like payroll loans, credit cards, and middle-market commercial lending
04Brazilian real exchange rate volatility - affects parent company dividend repatriation and relative valuation versus domestic peers
05Regulatory capital requirements and Basel III implementation timeline in Brazil
06Fee income growth from digital banking adoption and transactional volume
07Net interest income from loan portfolio (estimated 65-70% of revenue) - commercial loans, consumer credit, mortgages, credit cards
08Fee and commission income (estimated 20-25%) - account maintenance, payment processing, wealth management, insurance distribution

FY2025 Snapshot

Revenue: $151.5B
Rev. Growth: +17.5%
Gross Margin: 27.5%
Op. Margin: 11.0%
Net Margin: 8.4%
Net Income: $12.8B
NI Growth: -4.5%
EPS: $0.83
1Y Return: +8.5%

My Notes

value - The stock trades at 2.8x book value with 10.5% ROE, suggesting value investors are attracted to potential mean reversion…
Highly sensitive to Brazilian Selic rate movements, but relationship is complex.
Watch on earnings: Brazilian Selic rate (Banco Central do Brasil policy rate) - primary driver of net interest margin and loan demand, Brazilian real (BRL) exchange rate versus USD - impacts parent company economics and relative valuation, Brazil unemployment rate and real wage growth - leading indicators for consumer credit quality.

One Sentence Summary:

Banco Santander (Brasil): the story is balanced — brazilian selic rate changes - directly impacts net interest margin and loan demand across all segments.

Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.

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Metric

FY2025

FY2026E

FY2027E

P/E (fwd)

6.9×

1.5×

1.3×

What Moves the Stock

01Brazilian Selic rate changes - directly impacts net interest margin and loan demand across all segments

02Credit quality trends - non-performing loan ratios, provision expense, and coverage ratios for consumer and SME portfolios

03Loan portfolio growth rates - particularly in higher-margin segments like payroll loans, credit cards, and middle-market commercial lending

04Brazilian real exchange rate volatility - affects parent company dividend repatriation and relative valuation versus domestic peers

05Regulatory capital requirements and Basel III implementation timeline in Brazil

06Fee income growth from digital banking adoption and transactional volume

07Net interest income from loan portfolio (estimated 65-70% of revenue) - commercial loans, consumer credit, mortgages, credit cards

08Fee and commission income (estimated 20-25%) - account maintenance, payment processing, wealth management, insurance distribution

My Notes

value - The stock trades at 2.8x book value with 10.5% ROE, suggesting value investors are attracted to potential mean reversion…

Highly sensitive to Brazilian Selic rate movements, but relationship is complex.

Watch on earnings: Brazilian Selic rate (Banco Central do Brasil policy rate) - primary driver of net interest margin and loan demand, Brazilian real (BRL) exchange rate versus USD - impacts parent company economics and relative valuation, Brazil unemployment rate and real wage growth - leading indicators for consumer credit quality.

Banco Santander (Brasil) (BSBR)

Revenue Outlook

What Moves the Stock

BSBR Chart

My Notes

One Sentence Summary:

Explore More

Banco Santander (Brasil) (BSBR)

Revenue Outlook

What Moves the Stock

BSBR Chart

My Notes

One Sentence Summary: