Banco do Estado do Rio Grande do Sul (Banrisul, BRSR6) reported net income of R$ 157.8 mn in 3Q26, down 52.0% from 3Q25 and 51.5% from 2Q26. Annualized ROAE (return on average equity) was 5.4% in the quarter, a decline of 6.8 percentage points over 12 months and 6.0 percentage points over three months.
In the 9M26 cumulative period, net income totaled R$ 704.8 mn, 25.7% below 9M25 (R$ 948.0 mn). Annualized ROAE for the nine months was 8.2%, versus 11.9% in 9M25. In 3Q25, net income had been R$ 328.8 mn and, in 2Q26, R$ 325.4 mn.
Net interest income (NII) was R$ 1,657.8 mn in 3Q26, up 3.3% over 12 months and 2.2% from 2Q26. In 9M26, it totaled R$ 5,015.7 mn, up 4.7%. Risk-adjusted net interest income, which deducts credit loss provision expenses, came in at R$ 1,354.6 mn in the quarter, down 4.2% over 12 months. In 9M26, it was R$ 3,905.0 mn, down 4.2%.
Net expense from provision for credit losses (PDD) was R$ 303.2 mn in 3Q26, versus R$ 191.4 mn in 3Q25 and R$ 265.0 mn in 2Q26. The over-90-day delinquency ratio (NPL) was 4.7% in September 2026, compared with 3.6% a year earlier. The coverage ratio was 143.4%. Administrative expenses totaled R$ 1,360.4 mn in the quarter, up 10.6% over 12 months. Service fee revenue totaled R$ 537.9 mn, up 1.1%.
The loan portfolio reached R$ 66.1 bn in September 2026, up 3.2% over 12 months and 2.6% in the quarter. Total funding was R$ 117.7 bn, up 9.8% over 12 months. The Basel ratio stood at 15.7%, comprising 12.1% Tier I and 3.6% Tier II.
Is BRSR6 worth investing in?
- Price
- R$ 13.29
- as of 11/11/2026
- Dividend yield
- 11.57 %
- P/L
- 3.31
- P/VPA
- 0.46
