$BSBR

Banco Santander (Brasil) S.A.

CIK:0001471055|SEC Filings

Consolidated Statement of Income - BRL (R$) R$ in Thousands	12 Months Ended
Consolidated Statement of Income - BRL (R$) R$ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Profit or loss [abstract]
Interest and similar income	R$ 162,494,639	R$ 137,183,478	R$ 128,282,707
Interest and similar expenses	(104,860,321)	(80,504,918)	(81,398,673)
Net Interest Income	57,634,318	56,678,560	46,884,034
Equity instrument income	85,528	83,647	22,179
Equity method income (loss)	458,313	312,986	239,236
Fee and commission income	25,521,847	23,664,987	22,454,778
Fee and commission expense	(8,026,391)	(6,459,778)	(6,814,813)
Gains (losses) on financial assets and liabilities (net)	10,945,319	(1,358,674)	2,729,519
Financial assets measured at fair value through profit or loss	7,889,797	(641,147)	3,440,830
Financial instruments not measured at fair value through profit or loss	(416,389)	(180,427)	(463,844)
Hedge and Other	3,471,911	(537,100)	(247,467)
Foreign exchange fluctuations (net)	(10,814,056)	1,487,679	1,065,167
Other operating expense (net)	(808,321)	(652,121)	(715,790)
Total Income	74,996,557	73,757,286	65,864,310
Administrative expenses	(20,938,438)	(20,416,504)	(19,562,641)
Personnel expenses	(11,699,346)	(11,597,996)	(10,813,926)
Other administrative expenses	(9,239,092)	(8,818,508)	(8,748,715)
Depreciation and amortization	(2,625,783)	(2,731,018)	(2,740,950)
Permanent assets	(1,087,034)	(1,586,278)	(1,841,616)
Intangible assets	(1,538,749)	(1,144,740)	(899,334)
Provisions (net)	(4,978,678)	(4,595,238)	(4,424,412)
Impairment losses on financial assets (net)	(29,539,862)	(28,484,030)	(28,008,086)
Financial assets measured at amortized cost	(29,539,862)	(28,484,030)	(28,008,086)
Impairment losses on other assets (net)	(396,946)	(252,487)	(250,173)
Other intangible assets	(67,023)	(48,897)	(19,473)
Other assets	(329,923)	(203,590)	(230,700)
Gains (losses) on disposal of assets not classified as non-current assets held for sale	111,041	1,806,183	998,408
Gains (losses) on disposal and expenses on non-current assets held for sale not classified as discontinued operations	101,103	106,036	45,195
Operating Income Before Tax	16,728,994	19,190,228	11,921,651
Income taxes	(3,763,871)	(5,776,465)	(2,422,839)
Consolidated Net Income for the Fiscal Year	12,965,123	13,413,763	9,498,812
Profit attributable to the Parent Company	12,766,035	13,365,506	9,449,313
Profit attributable to non-controlling interests	199,088	48,257	49,499
Consolidated Net Income for the Fiscal Year	R$ 12,965,123	R$ 13,413,763	R$ 9,498,812

Consolidated Statement of Cash Flows - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
1. Cash Flows from Operating Activities
Consolidated Net Income for the Fiscal Year	R$ 12,965,123	R$ 13,413,763	R$ 9,498,812
Profit Adjustments	14,086,103	1,058,360	5,971,012
Depreciation of Tangible Assets	1,087,034	1,586,278	1,841,616
Amortization of Intangible Assets	1,538,749	1,144,740	899,334
Impairment Losses on Other Assets (Net)	396,946	252,487	250,173
Provisions (Net)	4,978,678	4,595,238	4,424,412
Impairment losses on financial assets (net)	29,539,862	28,484,030	28,008,086
Net gains on disposal of permanent assets, investments, and non-current assets held for sale	(212,144)	(1,912,219)	(855,565)
Income (Loss) Share under the Equity Method	(458,313)	(312,986)	(239,236)
Deferred Taxes	(4,305,125)	(885,976)	(5,550,813)
Judicial Deposits Adjustment	(724,027)	(689,787)	(728,716)
Recoverable Taxes Adjustment	(496,653)	(376,938)	(557,008)
Effects of Exchange Rate Fluctuations on Assets and Liabilities	(17,258,904)	(30,769,354)	(21,430,674)
Other		(57,153)	(90,597)
Net (Increase) Decrease in Operating Assets	(46,667,229)	(187,674,524)	(129,083,634)
Financial Assets Measured at Fair Value through Profit or Loss	(30,526,702)	(20,980,632)	(88,026,729)
Financial Assets Measured at Fair Value Through Other Comprehensive Income	17,878,100	(38,961,379)	(3,895,444)
Financial Assets Measured at Amortized Cost	(37,443,130)	(124,915,673)	(41,870,299)
Other Assets	3,424,503	(2,816,840)	4,708,838
Net Increase (Decrease) in Operating Liabilities	31,118,147	157,494,648	156,121,109
Financial Liabilities Measured at Fair Value Through Profit or Loss	29,748,701	33,141,169	(86,825)
Financial Liabilities Measured at Amortized Cost	(10,326,894)	130,916,324	144,383,135
Other Liabilities	11,696,340	(6,562,845)	11,824,799
Tax Paid	(6,509,969)	(5,423,514)	(5,892,511)
Total Net Cash Flow from Operating Activities (1)	4,992,175	(21,131,267)	36,614,788
2. Cash Flows From Investing Activities
Investments	(4,153,137)	(3,435,838)	(3,963,094)
Increase in Subsidiaries	(7,500)	(114,206)	(5,054)
Tangible Assets	(921,361)	(854,993)	(1,445,847)
Intangible Assets	(2,221,363)	(1,754,988)	(1,906,872)
Non-current Assets Held for Sale	(1,002,913)	(711,651)	(605,321)
Disposal	600,929	1,044,835	719,747
Tangible Assets	(513,185)	333,413	117,312
Intangible Assets	482,143	110,067	185,206
Non-current Assets Held for Sale	631,971	601,355	417,229
Dividends / Interest on Equity Received from Investments in Associates and Jointly Controlled Entities	229,372	375,236	663,032
Total Net Cash Flow from Investing Activities (2)	(3,322,836)	(2,015,767)	(2,580,315)
3. Cash Flows from Financing Activities
Acquisition (Disposal) of Own Shares	165,147	222,076	112,533
Issuance (Repurchase) of Debt Instruments Eligible as Capital	2,362,800	68,477
Issuance of Other Long-term Financial Liabilities	88,504,440	39,541,342	75,404,958
Dividends and Interest on Equity Paid	(6,496,351)	(5,618,714)	(5,450,390)
Payments of Other Long-term Financial Liabilities	(79,939,286)	(33,038,049)	(63,400,960)
Interest Payments on Debt Instruments Eligible as Capital	(1,070,620)	(132,243)	(713,974)
Increase (Decrease) in Non-controlling Interests	876,232	(112,710)	(134,214)
Total Net Cash Flow from Financing Activities (3)	4,402,362	930,179	5,817,953
Net Increase (Decrease) in Cash and Cash Equivalents (1+2+3)	6,071,701	(22,216,855)	39,852,426
Cash and Cash Equivalents at the Beginning of the Fiscal Year	67,200,905	89,417,760	49,565,334
Cash and Cash Equivalents at the End of the Fiscal Year	R$ 73,272,606	R$ 67,200,905	R$ 89,417,760

Consolidated Balance Sheet - BRL (R$) R$ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Assets
Cash	R$ 20,232,729	R$ 37,084,254
Financial Assets Measured at Fair Value Through Profit or Loss	262,407,149	231,001,886
Debt instruments	95,546,026	107,585,055
Equity instruments	4,862,393	2,968,823
Derivatives	65,590,206	40,175,818
Loans and advances to customers	6,413,587	4,911,803
Compulsory deposits with the Brazilian Central Bank	89,994,937	75,360,387
Financial Assets Measured At Fair Value Through Other Comprehensive Income	69,446,583	92,078,540
Debt instruments	69,354,220	92,058,907
Equity instruments	92,363	19,633
Financial Assets Measured At Amortized Cost	800,545,822	768,324,784
Loans and other receivables from credit institutions	35,947,923	30,177,627
Loans and advances to customers	558,134,969	561,178,111
Debt instruments	114,708,615	84,529,222
Compulsory deposits with the Brazilian Central Bank	91,754,315	92,439,824
Derivatives Used as Hedge Accounting	217,492	30,481
Non-Current Assets Held For Sale	1,413,215	1,042,273
Investments in Associates and Joint Ventures	3,517,094	3,640,176
Tax Assets	65,060,517	59,790,262
Current	14,205,687	11,566,385
Deferred	50,854,830	48,223,877
Other Assets	8,915,748	6,955,457
Permanent Assets	5,046,133	6,021,900
Intangible Assets	33,226,983	32,826,797
Goodwill	27,844,674	27,892,878
Other intangible assets	5,382,309	4,933,919
Total Assets	1,270,029,465	1,238,796,810
Liabilities and Shareholders’ Equity
Financial Liabilities Measured At Fair Value Through Profit or Loss	112,471,311	82,722,610
Derivatives	59,827,986	39,280,448
Short positions	49,380,059	39,396,666
Liabilities arising from securities	3,263,266	4,045,496
Financial Liabilities at Amortized Cost	992,386,546	1,001,581,240
Credit institution deposits	146,867,521	158,565,482
Customer deposits	593,328,796	605,068,163
Liabilities arising from securities	156,662,290	135,632,632
Debt instruments eligible as capital	28,113,937	23,137,784
Other financial liabilities	67,414,002	79,177,179
Derivatives Used as Hedge Accounting	184,005	129,826
Provisions	11,804,482	10,976,930
Obligations for pension funds and similar liabilities	1,357,203	1,364,437
Provisions for judicial and administrative proceedings, commitments, and other provisions	10,447,279	9,612,493
Tax Liabilities	9,388,832	10,175,193
Current	4,799,733	4,485,753
Deferred	4,589,099	5,689,440
Other Liabilities	17,241,145	13,383,879
Total Liabilities	1,143,476,321	1,118,969,678
Shareholders’ Equity	130,281,588	126,199,224
Share capital	65,000,000	65,000,000
Capital reserve	630,238	630,011
Treasury shares	(719,560)	(884,707)
Profit Reserve	65,370,910	61,453,920
Other Comprehensive Income	(5,108,058)	(6,707,539)
Shareholders’ Equity Attributable to the Parent	125,173,530	119,491,685
Non - Controlling interests	1,379,614	335,447
Total Shareholders’ Equity	126,553,144	119,827,132
Total Liabilities and Shareholders’ Equity	R$ 1,270,029,465	R$ 1,238,796,810