Banco Santander (Brasil) SA (BSP:SANB3)

Q2 2025 Banco Santander Brasil SA Earnings Call (English, Portuguese) Transcript

Jul 30, 2025 / 01:00 PM GMT

Release Date Price: R$12.61 (-0.24%)

Transcript

Key Points

Positve

Banco Santander (Brasil) SA (BSBR) achieved a record quarterly profit of 3.4 billion, marking the best first half ever with strong revenue growth across global businesses.
The company has successfully increased its customer base by over 8 million year on year, leveraging global platforms to enhance customer experience.
The balance sheet remains solid with a strong capital ratio of 13%, contributing to strong shareholder value creation.
Banco Santander (Brasil) SA (BSBR) is executing a €10 billion share buyback program, enhancing shareholder returns.
The company's global businesses continue to drive profitability, with significant efficiency gains and revenue growth in wealth, CIB, and payments sectors.

Negative

The company faces challenges in Brazil with a higher cost of risk due to elevated interest rates and inflation, impacting profitability.
There is a noted decline in car volumes in Europe, affecting consumer profit stability.
The NPL ratio in Brazil is approaching 7%, indicating potential credit quality issues.
Currency depreciation, particularly of the Brazilian real and Mexican peso, has created a 5% negative impact on growth rates.
The company is experiencing regulatory headwinds, with some charges postponed to 2026, impacting capital planning.

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

SANB3.SA - Banco Santander Brasil SA
Q2 2025 Banco Santander Brasil SA Earnings Call (English, Portuguese)
Jul 30, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to Santander's first half 2025 results presentation.

We are delighted to be joined by our CEO Hector Grii and our CFO Jose Garcia Canterra. We will start with the presentation and then come back for your questions. Hector, over to you.

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Unidentified_2 [2]
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Thanks Raul. Good morning everyone and thank you for joining Santander Results presentation.

We will follow the usual structure. First, I will talk about our results with a special focus on the performance on our of our global

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