Banco BTG Pactual S.A. (LTS:0RKB)

Q3 2025 Banco BTG Pactual SA Earnings Call (English, Portuguese) Transcript

Nov 11, 2025 / 02:00 PM GMT

Transcript

Key Points

Positve

Banco BTG Pactual S.A. (BSP:BPAC3) achieved a 28.1% return on equity, showcasing strong execution and operational leverage.
The company reported record revenues in investment banking, corporate lending, and business banking, driven by portfolio expansion and diversification.
Sales and trading experienced a record quarter due to increased client activity and the maturation of new business initiatives.
Wealth management and personal banking saw strong growth with net new money of 49 billion, including contributions from the consolidation of JGP.
Asset management achieved record revenues with strong net new money flows, reaching $1.2 trillion in assets under management.

Negative

Investment banking revenues decreased by 17.8% from the previous quarter, indicating potential volatility in this segment.
The SME portfolio showed limited growth, with competition leading to spreads that are not ideal for risk-adjusted returns.
The company anticipates a volatile scenario in 2026, making it challenging to provide specific guidance on future ROE levels.
Interest and other income showed a significant increase, but sustainability of this growth is uncertain due to varying business days and CDI rates.
The company faces challenges in maintaining credit spreads at current levels, especially in the high-grade segment, due to tightening spreads.

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

BPAC11.SA - Banco BTG Pactual SA
Q3 2025 Banco BTG Pactual SA Earnings Call (English, Portuguese)
Nov 11, 2025 / 02:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning and welcome to the 3rd quarter of 2025 results conference call of Banco BTG Pactual.

With us here today, we have Roberto Saluti, Renato Cohn, Julia Rocha.

We would like to inform you that this event is being recorded and all participants will be in a listen-only mode during the bank's presentation.

After Banco PTG Paktual's remarks, there will be a question-and-answer session for investors and analysts when further instructions will be given.

Today, we have a simultaneous webcast that may be accessed through the website www.bTgpactual.com/IR and the platform. There will be a replay facility for this call from today.

Before proceeding, let me mention

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.