Santander Brasil (ADR)
Provides commercial and wholesale banking through nationwide physical and digital channels.
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Profile
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
Categories
Key statistics
Year to date −6.3% · Average volume (30d) 3.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 24, 2026 | UBS | Downgrade | Buy | Neutral | ||
| Aug 23, 2026 | UBS | Downgrade | Neutral | |||
| Jul 30, 2026 | Banco Santander | Target | $7.20 | $6 | ||
| Jul 30, 2026 | Santander | Downgrade | Market Perform | Neutral | ||
| Jul 30, 2026 | JP Morgan | Downgrade | Overweight | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.20 | $0.16 | −19.3% | $4.17B | $4.02B | −3.6% | −0.98% |
| Apr 29, 2026Q1 FY26 | $0.21 | $0.20 | −3.4% | $4.29B | $4.25B | −0.8% | +1.91% |
| Feb 4, 2026Q4 FY25 | $0.20 | $0.21 | +7.1% | $4.07B | $4.02B | −1.4% | −1.81% |
| Oct 27, 2025Q3 FY25 | $0.18 | $0.50 | +180.9% | $4.01B | $19.03B | +374.4% | −0.90% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $6.90B | $6.64B | $46.00B | $8.16B | $7.37B | $7.47B | |
| Gross profit | $2.06B | $1.51B | $12.96B | $2.35B | $2.07B | $1.82B | |
| Operating income | $887.5M | $381.3M | $4.98B | $968.2M | $904.8M | $652.0M | |
| Net income | $597.2M | $370.4M | $3.84B | $749.4M | $618.2M | $555.9M | |
| Diluted EPS | $0.08 | $0.05 | $0.51 | −$0.13 | $0.08 | $0.07 | |
| Gross margin | 29.8% | 22.8% | 28.2% | 28.8% | 28.1% | 24.3% | |
| Operating margin | 12.9% | 5.7% | 10.8% | 11.9% | 12.3% | 8.7% |
Fiscal years (4-quarter sums)FY21 $14.47B · FY22 $21.30B · FY23 $23.32B · FY24 $24.79B · FY25 $67.70B
Balance sheet, Jun 30, 2026Cash & short-term investments $54.32B · Total debt $28.68B · Total assets $247.93B · Shareholders' equity $24.45B
Dividends
Last cut to $0.0205 from $0.0218 in Jul 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 30, 2026 | Jul 30 | Aug 17 | $0.0205 | cut from $0.0218 |
| Apr 23, 2026 | Apr 23 | May 18 | $0.0218 | cut from $0.1026 |
| Jan 22, 2026 | Jan 22 | Feb 18 | $0.1026 | raised from $0.0298 |
| Jan 9, 2026 | Jan 9 | Feb 17 | $0.0298 | raised from $0.0185 |
| Oct 23, 2025 | Oct 23 | Nov 17 | $0.0185 | cut from $0.0978 |
| Jul 21, 2025 | Jul 21 | Aug 18 | $0.0978 | raised from $0.0703 |
| Apr 23, 2025 | Apr 23 | May 19 | $0.0703 | raised from $0.0164 |
| Jan 24, 2025 | Jan 24 | Feb 24 | $0.0118 | special dividend |
Ownership
Shares outstanding 7.49B · Float 744.78M · 10.0% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Banco Santander, S.A. | 520.22M | 6.95% | 13F | May 8, 2026 |
| Aquamarine Financial (Cayman) Ltd | 9.82M | 0.13% | 13F | May 15, 2026 |
| Macquarie Management Holdings, Inc. | 3.42M | 0.05% | 13F | May 15, 2026 |
| Vanguard Capital Management LLC | 3.10M | 0.04% | 13F | May 15, 2026 |
| Arrowstreet Capital, Limited Partnership | 2.11M | 0.03% | 13F | May 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Franco Luigi Fasoli | officer: Officer w/o Specific Desig | −5,143 | $5.75 |
| Aug 27, 2026 | Cezar Augusto Janikian | officer: VP Exec Officer | −6,600 | $5.72 |
| Aug 25, 2026 | Rudolf Gschliffner | officer: Officer w/o Specific Desig | −11,507 | $5.73 |
| Aug 25, 2026 | Franco Luigi Fasoli | officer: Officer w/o Specific Desig | −13,707 | $5.76 |
| Aug 13, 2026 | Franco Luigi Fasoli | officer: Officer w/o Specific Desig | −24,600 | $5.71 |
Peers
- Itaú Unibanco (ADR)
Largest private-bank overlap across retail, business, and wholesale banking
- Banco Bradesco (ADR)
Nationwide incumbent spanning retail, business banking, and financial services
- Nu
Mobile-first challenger in Brazilian deposits, cards, and consumer credit
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Santander Brasil (ADR) | $5.81 | −0.17% | $43.50B | 10.8 | 9.1 | 1.1 | −54.6% |
| Itaú Unibanco (ADR) | $7.50 | +0.13% | $82.66B | 9.6 | 9.9 | — | −51.6% |
| Banco Bradesco (ADR) | $3.28 | +0.92% | $34.37B | 7.5 | 7.4 | 0.5 | −47.8% |
| Nu | $14.32 | +0.21% | $69.26B | 19.3 | 14.4 | 3.6 | +66.0% |
| Median | 9.6 | 9.9 | 2.0 | −47.8% |