BCO Estado do Rio Grande do Sul SA (BSP:BRSR6)

Q4 2025 Banco do Estado do Rio Grande do Sul SA Earnings Call (English, Portuguese) Transcript

Feb 12, 2026 / 05:30 PM GMT

Release Date Price: R$18.42 (+0.66%)

Transcript

Key Points

Positve

BCO Estado do Rio Grande do Sul SA (BSP:BRSR3) reported a net income of 1.6 billion with a return on assets (ROA) of 14.9%, indicating strong profitability.
The loan portfolio grew by 4.8% year-on-year, with significant growth in company accounts, showcasing effective portfolio management.
Total funding reached 112.4 billion, marking a 15.4% year-on-year growth, which reflects strong financial stability and growth potential.
Net interest income increased by 8.6%, demonstrating effective interest rate management and revenue generation.
Administrative expenses were kept below the inflation rate, indicating efficient cost management and operational efficiency.

Negative

There was a slight increase in delinquency and default rates, attributed to Ordinance 4,966, which could impact future financial stability.
The bank faced challenges with savings accounts not being attractive, affecting funding sources.
Administrative expenses increased by 6.2%, with personal expenses rising by 8.5%, which could pressure future profitability.
The bank had to deal with labor lawsuits and other operating expenses, which negatively impacted financial results.
The guidance for loan portfolio growth was not fully met, with a stagnation in real estate and rural portfolios, indicating potential growth limitations.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BRSR6.SA - Banco do Estado do Rio Grande do Sul SA
Q4 2025 Banco do Estado do Rio Grande do Sul SA Earnings Call (English, Portuguese)
Feb 12, 2026 / 05:30PM GMT

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Presentation
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Good afternoon, ladies and gentlemen. Welcome to Benzo Video conference to discuss the results for the 4th quarter of 2025 and the whole year of 2025. This video conference is being recorded in the replay. Will be available on our investors relations website a few hours after the event. In addition, this broadcast has simultaneous translation into English. If you prefer this option, simply click on the button at the on the bottom of your screen.

Today's event will be divided into three parts. First, our CEO Mr. Fernando Lemos will discuss the main highlights of this quarter.

Next, CFO or director Gonzaga will present in greater detail the main figures and

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