Banco Santander Brasil (SANB11) reported recurring managerial net income of R$ 3.0 bn in the second quarter of 2026, a decrease of 20.4% in relation to 1Q26 and 17.6% compared to 2Q25. The recurring return on equity excluding goodwill was 12.5% per year in the period.
Total revenue came to R$ 20.7 bn in 2Q26, down 2.7% quarter over quarter and with a slight increase of 0.4% in 12 months. Net interest income reached R$ 15.3 bn, a drop of 3.0% versus 1Q26 and 0.4% compared to 2Q25, with net interest income from clients at R$ 16.1 bn and a negative result of R$ 718 mn in the market NII.
Loan loss provisions totaled an expense of R$ 7.7 bn, up 20.6% in the quarter and 11.5% in one year, in a scenario described as one of still challenging credit conditions, with effects concentrated in corporates, agribusiness and the mass-market segment. The annualized cost of credit over the last 12 months was 3.81%, while the delinquency ratios from 15 to 90 days and over 90 days ended the quarter at 3.3%.
The expanded loan portfolio reached R$ 714.8 bn in June 2026, growth of 1.3% over March and 5.8% in 12 months, driven by consumer finance, small and medium-sized enterprises and large corporates. Customer funding totaled R$ 688.5 bn, an increase of 3.7% in the quarter and 6.9% in one year, with individuals accounting for 51% of deposits.
Shareholders’ equity totaled R$ 98.2 bn at the end of June, an increase of 0.7% in three months and 6.2% in 12 months. The Basel ratio reached 15.3%, compared to 15.2% in March and 15.0% in June 2025, while the core capital ratio (CET1) was 11.2%. In the quarter, the bank approved the distribution of R$ 2.0 bn in IOE (Interest on Equity), resolved on April 10, 2026.
