Banco Santander (Brasil) S.A. Form 6-K Filing

This report details Banco Santander (Brasil) S.A.'s financial performance for the quarter ended March 31, 2026. The bank reported a net profit of BRL 3.8 billion, a decrease of 7.3% QoQ and 1.9% YoY, with a return on equity of 16.0%. Total revenues saw a slight increase of 0.8% QoQ and 0.9% YoY. Net interest income experienced a slight decline YoY but improved QoQ, driven by market NII. Client NII grew YoY, supported by volume and pricing discipline. Fee income showed solid annual growth of 5.8% YoY, with notable increases in cards and insurance, though it declined QoQ due to seasonality. The loan portfolio decreased slightly QoQ but grew 3.4% YoY, with significant growth in consumer finance and mortgages. Total funding increased YoY, with a more balanced mix between individual and corporate clients. Provisions for loan losses increased QoQ due to the macroeconomic environment but decreased YoY, reflecting active risk management. Expenses were well-controlled, remaining stable QoQ and increasing slightly YoY, below inflation. The report also touches upon the global and Brazilian economic contexts, including the impact of the Middle East conflict on energy prices and inflation, and the cautious stance of central banks. Banco Santander's strategic focus remains on becoming the leading financial platform, emphasizing diversification, resilience, and long-term growth, alongside initiatives in sustainability, corporate governance, and employee development.