Banco Santander (BSBR) Stock Analysis Report

General Information

Banco Santander (Brasil) SA is part of Santander Group, a Spanish bank. It operates across two segments; the Commercial Banking segment, catering to both individual and corporate client and the Global Wholesale Banking segment, which encompasses Investment Banking and Markets operations, including the Treasury and Equity Business Departments.

The bank generates majority of its revenue from the Commercial Banking segment and has operations in Brazil and internationally.

Banco Santander (BSBR) Stock Graph

How We Grade Banco Santander (BSBR)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade Banco Santander (BSBR) across the board compared to its closest peers.

Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

60.52

Growth measures a stock's combined historical expansion in earnings and revenue across multiple time periods, with emphasis on both long-term trends and recent performance.

62.08

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Valuation

Earnings History (3 years)

It is important to look at a companies earnings history to see not only if they are profitable, but if their earnings are growing.

Past Performance

How has Banco Santander (BSBR) performed over the past 5 years?

The two main factors that we consider when analyzing past performance is overall return and volatility

Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.

This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.

Banco Santander (BSBR) sharpe ratio over the past 5 years is -0.4262 which is considered to be below average compared to the peer average of 1.3219

Company Financials

INCOME STATEMENT

The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.

The main purpose of an income statement is to convey details of profitability and business activities. Below, is BSBR's income statement for the previous four years along with its trailing-twelve- month profit & loss.

FISCAL YEAR (BIL.)

2022 ($)

2023 ($)

2024 ($)

2025 ($)

TTM ($)

Total Revenue

43.17

39.97

48.52

46.68

49.50

Operating Revenue

43.17

39.97

48.52

46.68

49.50

Cost Of Revenue

—

Gross Profit

—

Operating Expense

—

Selling General And Administration

16.70

18.08

18.87

19.37

19.53

Research and Development

—

Operating Income

—

Net Non-Operating Interest Income Expense

—

Other Income Expense

—

Other Non-Operating Income Expenses

—

Pre-Tax Income

19.57

11.92

19.19

16.73

18.23

Tax Provision

5.24

2.42

5.78

3.76

4.16

Net Income

14.29

9.45

13.37

12.77

13.84

Net Income Common Stockholders

6.94

4.59

6.49

6.20

7.27

Total Operating Income As Reported

—

Total Expenses

—

Net Income From Continuing And Discontinued Operation

14.29

9.45

13.37

12.77

13.84

Normalized Income

14.31

9.66

13.54

12.95

13.94

Interest Income

115.23

128.28

137.18

162.49

168.57

Interest Expense

67.72

81.40

80.50

104.86

108.79

Net Interest Income

47.50

46.88

56.68

57.63

59.78

EBIT

—

EBITDA

—

Reconciled Cost Of Revenue

—

Reconciled Depreciation

2.59

2.74

2.73

2.63

2.62

Normalized EBITDA

—

Tax Rate For Calcs

0.00

0.13

Tax Effect Of Unusual Items

-0.01

0.09

0.07

-0.06

-0.03

BALANCE SHEET

The balance sheet is a snapshot of a companies financials during a particular period in time.

It breaks down what company owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.

FISCAL YEAR (BIL.)

2022 ($)

2023 ($)

2024 ($)

2025 ($)

TTM ($)

Total Assets

985.45

1,115.65

1,238.80

1,270.03

1,290.56

Current Assets

—

Total Non-Current Assets

—

Total Liabilities Net Minority Interest

874.77

1,000.80

1,118.97

1,143.48

1,161.47

Current Liabilities

—

Other Non-Current Liabilities

—

Total Equity Gross Minority Interest

110.68

114.86

119.83

126.55

129.09

Stockholders Equity

—

Total Capitalization

236.84

258.48

142.63

153.29

158.93

Common Stock Equity

110.18

114.45

119.49

125.17

127.27

Net Tangible Assets

76.93

82.08

86.66

91.95

94.11

Working Capital

—

Invested Capital

236.84

258.48

142.63

153.29

158.93

Tangible Book Value

76.93

82.08

86.66

91.95

94.11

Total Debt

126.66

144.02

23.14

28.11

31.66

Net Debt

31.61

—

Share Issued

7.50

Ordinary Shares Number

7.44

7.46

7.47

7.49

CASH FLOW STATEMENTS

A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.

FISCAL YEAR (BIL.)

2022 ($)

2023 ($)

2024 ($)

2025 ($)

TTM ($)

Cash Flow from Continuing Operating Activities

6.85

36.61

-21.13

4.99

40.73

Net Income from Continuing Operations

14.34

9.50

13.41

12.97

14.07

Depreciation and Amortization

2.59

2.74

2.73

2.63

2.62

Deferred Tax

-0.75

-6.11

-1.26

-4.80

-4.43

Deferred Income Tax

-0.75

-6.11

-1.26

-4.80

-4.43

Stock-Based Compensation

—

Other Non-Cash Items

-0.45

-0.82

-0.75

-0.72

-0.96

Change in Working Capital

-52.19

27.04

-30.18

-15.55

22.53

Change in Receivables

—

Changes in Account Receivables

—

Change in Inventory

—

Change in Payables and Accrued Expense

—

Change in Payable

—

Change in Account Payable

—

Change in Other Current Assets

-4.02

—

-2.82

3.42

-6.35

Change in Other Current Liabilities

0.96

16.53

-6.56

11.70

14.71

Change in Other Working Capital

-49.13

10.50

-20.80

-30.67

14.17

Cash Flow from Continuing Investing Activities

-2.71

-2.58

-2.02

-3.32

-5.59

Net PPE Purchase and Sale

-0.98

-1.33

-0.52

-1.43

-2.34

Net Business Purchase and Sale

-0.46

-0.01

-0.11

-0.01

0.00

Purchase of Business

-0.46

—

-0.11

—

0.00

Net Investment Purchase and Sale

—

Purchase of Investment

—

Sale of Investment

—

Net Other Investing Changes

0.15

-0.19

-0.11

-0.37

-0.19

Financing Cash Flow

12.75

5.82

0.93

4.40

-3.34

Cash Flow from Continuing Financing Activities

12.75

5.82

0.93

4.40

-3.34

Net Issuance Payments of Debt

20.57

—

Net Long-Term Debt Issuance

20.57

—

Long-Term Debt Issuance

60.58

—

Long-Term Debt Payments

-40.02

—

Net Short-Term Debt Issuance

—

Net Common Stock Issuance

-0.51

0.11

0.22

0.17

0.23

Common Stock Issuance

—

0.11

—

Common Stock Payments

-0.51

—

Cash Dividends Paid

-7.39

-5.45

-5.62

-6.50

-6.44

Net Other Financing Charges

21.52

11.87

6.39

9.44

7.75

End Cash Position

177.46

317.48

321.35

351.78

394.59

Changes in Cash

16.90

39.85

-22.22

6.07

31.80

Beginning Cash Position

160.57

277.63

343.57

345.70

362.80

Capital Expenditure

-2.86

-3.35

-2.61

-3.66

-4.56

Issuance of Capital Stock

—

0.11

—

Issuance of Debt

60.58

—

Repayment of Debt

-40.02

—

Repurchase of Capital Stock

-0.51

—

Free Cash Flow

3.98

33.26

-23.74

1.34

36.17