Q1 2025 Banco Santander Brasil SA Earnings Call Transcript

Apr 30, 2025 / 01:00 PM GMT

Release Date Price: R$14.09 (+4.06%)

Transcript

Key Points

Positve

Banco Santander (Brasil) SA (BSBR) reported a record profit of 3.4 billion, a 19% increase from Q1 2024.
The company achieved a strong CT1 capital ratio of 12.9%, reaching an all-time high.
Net fee income grew close to double digits, supported by strong customer activity and high-value services.
The bank's diversified earnings and improving profitability allow for a planned distribution of up to $10 billion to shareholders through share buybacks.
Retail profit grew strongly year on year, driven by solid revenue and improved efficiency.

Negative

Loan loss provisions increased by 7% year on year, with some deterioration in Brazil due to higher rates and inflation.
The cost of risk in Brazil is currently at its worst, impacted by a challenging macro environment.
Expenses grew 6%, showing a need for continued focus on cost management despite revenue growth.
The depreciation of the Brazilian real and Mexican peso introduced some distortions in financial reporting.
The company faces potential regulatory headwinds, with an estimated impact of 60 basis points for the year.

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

SANB3.SA - Banco Santander Brasil SA
Q1 2025 Banco Santander Brasil SA Earnings Call
Apr 30, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning all and welcome to the Santander Q1 2025 results call.

We are joined today by Hector Grisi, our CEO, and Jose Garcia Cantera, our CFO. We will start with a brief presentation on our Q1 results and then open the floor for questions. Hector, over to you.

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Unidentified_2 [2]
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Thanks to all. Good morning everyone and thank you for joining Santander's Results presentation.

Today presentation will follow the usual structure. Number one, first, we talk about our results with a special focus on the performance of our

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