Balance Sheet Banco Santander (Brasil) S.A.

Equities

SANB4

BRSANBACNPR5

Banks

Market Closed - Sao Paulo Other stock markets 04:05:00 2025-01-16 pm EST			5-day change	1st Jan Change
13.12 ^BRL	-7.08%		+3.31%	+4.46%

Dec. 19	Banco Santander Brasil, XP Show Interest in Julius Baer's Brazil Unit	MT
Dec. 18	BTG, Santander Reportedly in Talks to Buy Julius Baer Brazil Unit	CI

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Published financial data: BANCO SANTANDER (BRASIL) S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	72.84B	62.77B	77.99B	115B	128B
Interest Income, Total	72.84B	62.77B	77.99B	115B	128B
Interest On Deposits	28.52B	18.33B	26.67B	67.72B	81.4B
Interest Expense, Total	28.52B	18.33B	26.67B	67.72B	81.4B
Net Interest Income	44.32B	44.44B	51.32B	47.5B	46.88B
Income From Trading Activities	2.39B	12.12B	3.52B	3.45B	-
Gain (Loss) on Sale of Assets	20.49M	308M	32.51M	131M	1.04B
Gain (Loss) on Sale of Invest. & Securities - (Rev)	206M	875M	-3.3B	708M	2.73B
Income (Loss) on Equity Invest. (Income Block)	149M	112M	144M	199M	239M
Total Other Non Interest Income	11.7B	-9.31B	12.24B	14.62B	16.01B
Non Interest Income, Total	14.47B	4.11B	12.64B	19.1B	20.02B
Revenues Before Provison For Loan Losses	58.79B	48.55B	63.96B	66.61B	66.91B
Provision For Loan Losses	13.37B	17.45B	17.11B	24.83B	28.01B
Total Revenues	45.42B	31.1B	46.85B	41.78B	38.9B
Salaries And Other Employee Benefits	9.24B	8.85B	9B	9.86B	10.65B
Amort. of Goodwill & Intang. Assets	521M	539M	583M	725M	899M
Occupancy Expense	1.87B	2.04B	1.85B	1.86B	1.84B
Selling General & Admin Expenses, Total	7.59B	7.98B	8.11B	8.23B	8.74B
Total Other Non Interest Expense	3.82B	299M	338M	279M	4.83B
Non Interest Expense, Total	23.04B	19.71B	19.89B	20.96B	26.96B
EBT, Excl. Unusual Items	22.38B	11.39B	26.96B	20.82B	11.94B
Asset Writedown	-104M	-66.27M	-30.16M	-31.25M	-19.47M
Legal Settlements	-	-1.66B	-2.18B	-1.22B	-
EBT, Incl. Unusual Items	22.27B	9.66B	24.75B	19.57B	11.92B
Income Tax Expense	5.64B	-3.79B	9.19B	5.24B	2.42B
Earnings From Continuing Operations	16.63B	13.45B	15.56B	14.34B	9.5B
Net Income to Company	16.63B	13.45B	15.56B	14.34B	9.5B
Minority Interest	-225M	-32.22M	-31.27M	-52.38M	-49.5M
Net Income - (IS)	16.41B	13.42B	15.53B	14.29B	9.45B
Net Income to Common Incl Extra Items	16.41B	13.42B	15.53B	14.29B	9.45B
Net Income to Common Excl. Extra Items	16.41B	13.42B	15.53B	14.29B	9.45B
Per Share Items
Net EPS - Basic	2.2	1.8	2.08	1.92	1.27
Basic EPS - Continuing Operations	2.2	1.8	2.08	1.92	1.27
Basic Weighted Average Shares Outstanding	7.47B	7.46B	7.47B	7.44B	7.45B
Net EPS - Diluted	2.2	1.8	2.08	1.92	1.27
Diluted EPS - Continuing Operations	2.2	1.8	2.08	1.92	1.27
Diluted Weighted Average Shares Outstanding	7.47B	7.46B	7.47B	7.44B	7.45B
Normalized Basic EPS	1.84	0.95	2.25	1.74	0.99
Normalized Diluted EPS	1.84	0.95	2.25	1.74	0.99
Dividend Per Share	1.52	0.54	1.54	0.96	0.87
Payout Ratio	42.38	76.61	63.8	51.75	57.68
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
Effective Tax Rate - (Ratio)	25.33	-39.18	37.13	26.74	20.32
Total Current Taxes	6.69B	5.11B	8.09B	4.6B	7.96B
Total Deferred Taxes	-1.05B	-8.9B	1.1B	637M	-5.54B
Normalized Net Income	13.76B	7.08B	16.82B	12.96B	7.41B
Non-Cash Pension Expense	248M	222M	173M	153M	110M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	88.25M	19.35M	24.04M	39.88M	164M
Total Stock-Based Compensation	88.25M	19.35M	24.04M	39.88M	164M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	21.44B	28.45B	32.67B	22B	23.12B
Investment Securities, Total	168B	225B	201B	270B	162B
Trading Asset Securities, Total	57.36B	99.21B	70.91B	86.58B	120B
Total investments	226B	324B	272B	357B	282B
Gross Loans	455B	518B	567B	545B	574B
Allowance For Loan Losses	-20.57B	-24.06B	-28.53B	-34.04B	-33.57B
Other Adjustments to Gross Loans	-	-	-	-	-
Net Loans	435B	494B	538B	511B	541B
Gross Property Plant And Equipment	21.95B	20.57B	19.77B	20.39B	20.2B
Accumulated Depreciation	-12.16B	-11.03B	-10.99B	-12.2B	-13.11B
Net Property Plant And Equipment	9.78B	9.54B	8.78B	8.19B	7.09B
Goodwill	28.38B	28.36B	27.92B	27.89B	27.85B
Other Intangibles, Total	2.22B	2.41B	2.87B	5.36B	4.52B
Other Receivables	4.93B	7.06B	8.16B	13.14B	13.78B
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	2.38B	2.1B	1.61B	1.73B	91.08B
Deferred Tax Assets Long-Term (Collected)	30.3B	37.98B	37.64B	38.61B	43.45B
Deferred Charges Long-Term	1.93B	-	-	-	-
Other Long-Term Assets, Total	449M	2.23B	1.21B	293M	82.31B
Total Assets	762B	936B	931B	985B	1,116B
Liabilities
Accrued Expenses, Total	5.36B	5.12B	2.65B	4.47B	5.34B
Interest Bearing Deposits	312B	409B	422B	497B	544B
Non-Interest Bearing Deposits	28.92B	35.85B	41.87B	30.13B	41.7B
Total Deposits	341B	444B	464B	527B	586B
Short-Term Borrowings	126B	168B	153B	143B	141B
Current Portion of Long-Term Debt	7.98B	24.35B	36.21B	18.85B	50.93B
Long-Term Debt	72.34B	42.22B	60.03B	71.89B	99.08B
Current Income Taxes Payable	5.42B	5.58B	5.95B	4.17B	5.3B
Other Current Liabilities - (Bank / Utility Template)	63.5B	89.09B	13.58B	61.94B	75.37B
Pension & Other Post Retirement Benefits	4.96B	3.93B	2.73B	1.78B	2.54B
Deferred Tax Liability Non-Current	5.54B	4.55B	2.23B	3.64B	3.7B
Other Non Current Liabilities	32.84B	42.4B	84.84B	38.46B	31.85B
Total Liabilities	665B	830B	825B	875B	1,001B
Common Stock, Total	57B	57B	55B	55B	55B
Retained Earnings	5.61B	9.58B	5.88B	6.19B	63.92B
Treasury Stock	-681M	-791M	-713M	-1.22B	-1.11B
Comprehensive Income and Other	34.72B	39.99B	45.47B	50.22B	-3.36B
Total Common Equity	96.65B	106B	106B	110B	114B
Minority Interest	559M	313M	334M	497M	403M
Total Equity	97.21B	106B	106B	111B	115B
Total Liabilities And Equity	762B	936B	931B	985B	1,116B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.47B	7.46B	7.47B	7.44B	7.44B
ECS Total Common Shares Outstanding	7.47B	7.46B	7.47B	7.44B	7.44B
Book Value / Share	12.95	14.18	14.15	14.82	15.37
Tangible Book Value	66.05B	75.01B	74.85B	76.93B	82.08B
Tangible Book Value Per Share	8.85	10.05	10.02	10.35	11.03
Average Assets	-	855B	942B	988B	-
Average Loans	-	496B	557B	569B	-
Total Debt	207B	235B	249B	233B	291B
Deposits at Interest - Cash	1.32B	8.3B	16.01B	27.56B	66.3B
Debt Equivalent of Unfunded Proj. Benefit Obligation	2.23B	46.53M	-1.82B	-3.21B	-1.09B
Net Debt	128B	103B	140B	125B	148B
Equity Method Investments, Total	1.07B	1.09B	1.23B	1.73B	1.61B
Full Time Employees	47.82K	44.6K	48.83K	52.6K	55.61K
Number Of Offices	-	3.56K	3.37K	2.97K	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	16.41B	13.42B	15.53B	14.29B	9.45B
Depreciation, Depletion & Amortization	1.87B	2.04B	1.85B	1.86B	1.84B
Amortization of Goodwill and Intangible Assets - (CF)	19.34M	5.32M	13.77M	73.74M	42.04M
Total Depreciation, Depletion & Amortization	1.89B	2.05B	1.86B	1.93B	1.88B
Amortization of Deferred Charges, Total	502M	534M	569M	652M	857M
(Gain) Loss On Sale of Asset - (CF)	-20.49M	-308M	-32.51M	-131M	-856M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	32.43B
Total Asset Writedown	131M	84.91M	166M	161M	250M
Provision for Credit Losses	13.37B	17.45B	17.11B	24.83B	-
(Income) Loss On Equity Investments - (CF)	-149M	-112M	-144M	-199M	-239M
Change in Trading Asset Securities	14.08B	-82.55B	96.97B	-85.1B	-88.03B
Change in Other Net Operating Assets (Collected)	-15.19B	144B	-87.29B	32.91B	115B
Other Operating Activities	-6.15B	-52.2B	-37.94B	17.5B	-34.2B
Cash from Operations	24.87B	42.32B	6.81B	6.85B	36.61B
Capital Expenditure	-1.92B	-1.24B	-1.16B	-1.13B	-1.45B
Sale of Property, Plant, and Equipment	29.91M	47.1M	37.58M	149M	117M
Cash Acquisitions	-746K	-13.57M	-13.75M	-460M	-5.05M
Divestitures	-	-	-	-	-
Purchase / Sale of Intangible Assets	-1.52B	-770M	-1.2B	-1.59B	-1.72B
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	902M	809M	415M	325M	475M
Cash from Investing	-2.51B	-1.16B	-1.93B	-2.71B	-2.58B
Long-Term Debt Issued, Total	53.02B	60.05B	107B	60.58B	75.4B
Total Debt Issued	53.02B	60.05B	107B	60.58B	75.4B
Long-Term Debt Repaid, Total	-71.8B	-82.9B	-97.22B	-39.15B	-63.4B
Total Debt Repaid	-71.8B	-82.9B	-97.22B	-39.15B	-63.4B
Repurchase of Common Stock	-220M	-110M	-	-506M	-
Common Dividends Paid	-6.95B	-10.28B	-9.91B	-7.39B	-5.45B
Common & Preferred Stock Dividends Paid	-6.95B	-10.28B	-9.91B	-7.39B	-5.45B
Other Financing Activities, Total	-243M	-908M	-816M	-774M	-736M
Cash from Financing	-26.2B	-34.15B	-659M	12.75B	5.82B
Foreign Exchange Rate Adjustments	-99K	-	-	-	-
Net Change in Cash	-3.84B	7B	4.22B	16.9B	39.85B
Supplemental Items
Cash Interest Paid	27.65B	13.97B	26.67B	862M	714M
Cash Income Tax Paid (Refund)	5.3B	1.27B	4.53B	6.08B	5.89B
Net Debt Issued / Repaid	-18.78B	-22.85B	10.06B	21.43B	12B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.24	1.58	1.67	1.5	0.9
Return On Equity %	17.62	13.23	14.67	13.24	8.42
Return on Common Equity	17.48	13.26	14.69	13.24	8.41
Shareholders Value Added	5.16B	1.28B	2.86B	1.41B	-3.99B
Margin Analysis
SG&A Margin	39.53	58.3	38.59	45.61	52.27
Net Interest Income / Total Revenues %	97.58	142.9	109.55	113.71	120.52
EBT Excl. Non-Recurring Items Margin %	49.27	36.61	57.55	49.84	30.7
Income From Continuing Operations Margin %	36.62	43.25	33.21	34.32	24.42
Net Income Margin %	36.12	43.15	33.15	34.2	24.29
Net Avail. For Common Margin %	36.12	43.15	33.15	34.2	24.29
Normalized Net Income Margin	30.3	22.78	35.9	31.02	19.06
Asset quality
Nonperforming Loans / Total Loans %	5.15	4.48	4.75	7.19	6.95
Nonperforming Loans / Total Assets %	3.07	2.48	2.89	3.98	3.58
Nonperforming Assets / Total Assets %	3.07	2.48	2.89	3.98	3.58
NPAs / Loans and OREO	5.15	4.48	4.75	7.19	6.95
NPAs / Equity	24.1	21.85	25.41	35.44	34.73
Allowance for Credit Losses / Net Charge-offs %	150	166.69	251	196.1	132.97
Allowance for Credit Losses / Nonperforming Loans %	87.81	103.83	105.98	86.78	84.16
Allowance for Credit Losses / Total Loans %	4.52	4.65	5.03	6.24	5.85
Net Charge-offs / Total Average Loans %	-	2.91	2.04	3.05	-
Provision for Loan Losses / Net Charge-offs %	97.49	120.88	150.54	143.05	110.95
Earning Assets / IBL	-	130.81	130.18	134.22	-
Interest Income / Average Assets	-	7.35	8.28	11.66	-
Interest Expense / Average Assets	-	2.14	2.83	6.85	-
Net Interest Income / Average Assets	-	5.2	5.45	4.81	-
Non Interest Income / Average Assets	-	0.48	1.34	1.93	-
Non Interest Expense / Average Asset	-	2.31	2.11	2.12	-
Capital And Funding
Total Average Common Equity / Total Average Assets %	12.63	11.92	11.34	11.26	10.69
Total Average Equity / Total Average Assets %	12.7	11.97	11.37	11.3	10.73
Total Equity + Allowance for Loan Losses / Total Loans %	25.75	25.07	23.66	26.44	25.78
Gross Loans / Total Deposits %	133.63	116.51	122.24	103.49	98.06
Net Loans / Total Deposits %	127.59	111.09	116.09	97.03	92.33
Tier 1 Capital Ratio %	13.97	14.06	12.81	11.89	12.43
Total Capital Ratio %	15.04	15.25	14.91	13.94	14.51
Core Tier 1 Capital Ratio	12.9	12.87	11.64	10.84	11.48
Tier 2 Capital Ratio	1.07	1.19	2.1	2.05	2.09
Coverage Ratio	87.81	103.83	105.98	86.78	84.16
Interbank Ratio	110.03	85.72	79.06	17.84	21.7
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	1.78	1.53	1.93	1.29	1.15
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	5.72	0.27	15.47	-7.43	-1.3
Non Interest Income, 1 Yr. Growth %	86.88	-71.61	207.77	51.13	4.82
Provision For Loan Losses, 1 Yr. Growth %	5.16	30.52	-1.93	45.09	12.8
Total Revenues, 1 Yr. Growth %	22.92	-31.53	50.63	-10.82	-6.89
Earnings From Cont. Operations, 1 Yr. Growth %	29.93	-19.12	15.68	-7.84	-33.76
Net Income, 1 Yr. Growth %	30.4	-18.21	15.72	-7.99	-33.86
Normalized Net Income, 1 Yr. Growth %	38.8	-55.89	137.4	-22.94	-39.24
Diluted EPS Before Extra, 1 Yr. Growth %	30.57	-18.2	15.65	-7.58	-34
Dividend Per Share, 1 Yr. Growth %	63.82	-64.45	185.12	-37.78	-8.7
Gross Loans, 1 Yr. Growth %	11.71	13.77	9.49	6.14	5.65
Allowance For Loan Losses, 1 Yr. Growth %	1.56	16.98	18.57	19.3	-1.38
Net Loans, 1 Yr. Growth %	12.24	13.62	9.04	5.37	6.12
Non Performing Loans, 1 Yr. Growth %	4.46	-1.07	16.17	45.69	1.69
Non Performing Assets, 1 Yr. Growth %	4.46	-1.07	16.17	45.69	1.69
Total Assets, 1 Yr. Growth %	5.3	22.82	-0.25	5.82	13.21
Total Deposits, 1 Yr Growth %	11.39	32.56	4.35	11.82	13.03