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BSBR · NYSE · Banks - Regional

Santander Brasil (ADR) (BSBR)

Provides commercial and wholesale banking through nationwide physical and digital channels.

$5.78
vs last close−0.07 (−1.11%)
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Banco Santander (Brasil) S.A.BSBR
Financial sector

Provides deposits, credit, payments, investments, insurance, and pension products across Brazil. Commercial Banking anchors the franchise, while Global Wholesale Banking serves large corporate clients and Santander Spain retains controlling ownership.

Provides deposit accounts, credit, cards and payments, investment access, insurance, and pension products through Commercial Banking, while Global Wholesale Banking delivers financing, investment banking, treasury, markets, and structured solutions to large corporate clients. Physical and digital channels extend across Brazil.

Built a nationwide franchise through the Banespa and Banco Real combinations, with Commercial Banking forming the balance-sheet center of gravity. The platform connects individuals, small businesses, companies, and global corporate customers to Santander Group capabilities in Brazil.

Operates under Brazilian banking, securities, consumer, data, and anti-money-laundering rules. Credit quality, interest rates, inflation, cybersecurity, data protection, and digital execution shape performance, while Santander Spain's controlling ownership influences board appointments, policy, dividends, and control transactions.

Company facts

CEOGilson Finkelsztain
ListedOct 7, 2009
ExchangeNYSE
HeadquartersSão Paulo, Brazil
CountryBrazil
Employees49,661
CIK0001471055
ISINUS05967A1079

Market cap$43.73B
EPS (ttm)$0.6131
P/E (ttm)9.52
ROE11.5%
P/B1.75
P/S0.6215
Dividend yieldDiv yield2.99%
Beta1.27vs XLF 0.25

Price target$6.10+4.5%Average of 11 analysts
ConsensusHold5 of 11 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 15, 2026SantanderDowngrade
Rating: Neutral
Rating: Hold
Sep 15, 2026HSBCDowngrade
Rating: BuyTarget: —
Rating: HoldTarget: $6.20
Aug 24, 2026UBSDowngrade
Rating: Buy
Rating: Neutral
Aug 23, 2026UBSDowngrade
Rating: —
Rating: Neutral
Jul 30, 2026Banco SantanderTarget
Target: $7.20
Target: $6

Next report
Oct 28, 26
in 35 days
EPS estimate
$0.17
Revenue estimate
$4.14B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$0.17$0.19$0.18$0.20$0.22$0.20$0.16Pending
Estimate$0.18$0.18$0.18$0.18$0.20$0.21$0.20$0.17
Surprise−5.6%+2.8%0.0%+12.4%+7.6%−5.6%−19.3%—

RevenueReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$3.70B$3.72B$3.68B$3.88B$4.02B$4.25B$4.02BPending
Estimate$3.50B$3.69B$3.86B$3.92B$4.07B$4.29B$4.17B$4.14B
Surprise+5.9%+0.7%−4.7%−1.0%−1.4%−0.8%−3.6%—
Estimate$0.17
ReportedDue Oct 28, 2026
Estimate$4.14B
ReportedDue Oct 28, 2026
View details

Debt to equity117.30%
Current ratio33.80%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$6.55B$6.87B$6.99B$6.72B$46.56B$8.26B$7.46B$7.56B
Net income$707.2M$594.7M$604.5M$374.9M$3.89B$758.5M$625.7M$562.6M
Net margin10.8%8.7%8.6%5.6%8.4%9.2%8.4%7.4%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$1.05B$800.6M$898.3M$385.9M$5.04B$979.9M$915.8M$659.9M
YoY growth+54.0%+57.2%+4.6%−62.3%+381.5%+22.4%+2.0%+71.0%

Balance sheet, Jun 30, 2026Cash & short-term investments $54.97B · Total debt $29.03B · Total assets $250.93B · Shareholders' equity $24.75B

Revenue
$7.56B
Operating income
$659.9M
Net income
$562.6M

Reported in BRL, converted at the latest exchange rate

View details

Dividend yield
2.99%
Next ex-date
Oct 30, 26
estimated · in 37 days
Annual dividend
$0.17
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Jan '24Apr '25Jul '25Oct '25Jan '26Jan '26Apr '26Jul '26
Dividend$0.0164$0.0703$0.0978$0.0185$0.0298$0.1026$0.0218$0.0205
Annual yield0.27%1.46%3.55%3.50%3.39%4.76%2.90%3.46%
Ex-dateJan 22Apr 23Jul 21Oct 23Jan 9Jan 22Apr 23Jul 30
Payment dateFeb 20May 19Aug 18Nov 17Feb 17Feb 18May 18Aug 17
View details

Institutions7.30%555.22M ADS
90 holders · as of Jun 30, 2026
Insiders0.00%2.9K ADS
8 holders · as of Mar 20, 2026
Strategic holders3.36%255.62M ADS
1 holder · as of Apr 18, 2017
Other89.34%6.80B ADS
remainder

7.61B ADS (1 ADS = 1 ordinary shares) as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Banco Santander, S.A.Institution
6.84%520.22M ADSas of Jun 30, 2026
Qatar Holding LLCStrategic
3.36%255.62Mfiled Apr 18, 2017
Aquamarine Financial (Cayman) LtdInstitution
0.14%10.39M ADSas of Jun 30, 2026
Macquarie Management Holdings, Inc.Institution
0.04%3.13M ADSas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
0.04%3.01M ADSas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 3, 2026Denis Junior Ferroofficer: Officer w/o Specific Desig−3,203$5.95
Aug 28, 2026Marcos Jose Maia da Silvaofficer: Officer w/o Specific Desig−14,948$5.74
Aug 28, 2026Marcos Jose Maia da Silvaofficer: Officer w/o Specific Desig+79$5.76
Aug 27, 2026Franco Luigi Fasoliofficer: Officer w/o Specific Desig−5,143$5.75
Aug 27, 2026Cezar Augusto Janikianofficer: VP Exec Officer−6,600$5.72
View details

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Compare

CompanyPriceChange
Santander Brasil (ADR)$5.78−1.11%$43.73B9.59.00.6+9.5%
Itaú Unibanco (ADR)$8.34−1.07%$92.91B10.611.01.2−51.6%
Banco Bradesco (ADR)$3.56−0.42%$37.76B8.18.20.6+21.1%
Nu$13.98−1.31%$68.58B19.113.93.5+66.0%
Median10.611.01.2+21.1%