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Brazilian subsidiary of Spain's Santander Group, offering retail, commercial and consumer-finance banking across Brazil.
Brazilian subsidiary of Spain's Santander Group, offering retail, commercial and consumer-finance banking across Brazil.
Earns mainly on the gap between interest on loans, heavy in consumer and vehicle finance, and its funding costs, plus card, insurance and service fees. Santander Group owns the large majority, and Brazil is one of the group's biggest profit contributors.
In one line: Santander's Brazilian retail-banking arm.
Moat: narrow (scale, brand, distribution). Large branch/digital network backed by global Santander scale and brand.
Headquarters: Sao Paulo, Brazil · Employees: 49,661
Size Banco Santander (Brasil) S.A. Sponsored ADR (BSBR) is a United States Financials company (Major Banks) with a market value of $17.4B, the 538th largest of 3,117 United States companies the cockpit tracks. Shares closed at $4.64 on 6 Nov 2026.
Performance Over six months the shares fell 20.4%, against +4.5% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 18.3% over the last twelve months (peer median +2.1%); the operating margin is 19.4% (peer median 42.2%).
Valuation It trades at 2.10× book value against a peer median of 1.34× (5th most expensive of 21).
Price implies The share price implies a return on equity of about 12.6%; Banco Santander (Brasil) S.A. Sponsored ADR delivers 10.2%, so the price asks more than the business earns today.
Short interest Short interest is 0.1% of the free float (15 Oct 2026).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $37.1B | $33.8B | $30.4B | $31.3B | $27.2B |
| Revenue growth | — | +11% | -3% | +15% | — |
| Net income | $2.45B | $2.29B | $2.48B | $1.89B | $2.77B |
| Free cash flow | n/a | $11.3B | $5.97B | $4.91B | $11.5B |
| Capital expenditure | $701M | $834M | $616M | $792M | $648M |
| Total debt | $85.4B | $86.8B | $64.2B | $87.6B | $69.8B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Banco Santander (Brasil) S.A. Sponsored ADR BSBR | $17.4B | -20% | +18% | 10% | 2.10× | 12.6% |
| Itau Unibanco Holding S.A. Sponsored ADR Pfd ITUB | $84.9B | -12% | +8% | 22% | 1.84× | 11.8% |
| Credicorp BAP | $27.6B | +5% | +24% | 21% | 2.47× | 17.9% |
| Nu Holdings Ltd. Class A NU | $58.1B | -13% | +54% | 32% | 4.39× | 32.4% |
| Inter & INTR | $1.70B | -40% | +51% | 16% | 0.84× | 8.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BSBR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -20.3% | +3.8% | lowest of 21 |
| 6-month return | -20.4% | +4.5% | lowest of 21 |
| Return on equity | 10.2% | 11.9% | 8th lowest of 21 |
| Price / book | 2.10× | 1.34× | 5th most expensive of 21 |
| Trailing P/E | 14.2× | 10.5× | 7th most expensive of 18 |
| ROE the price implies | 12.6% | 13.1% | 10th least demanding of 21 |
| ROE delivered | 10.2% | 12.2% | 6th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Banco Santander (Brasil) S.A. Sponsored ADR BSBR | United States | $17.4B | -20% | +18% | 10% | 2.10× | 12.6% | 10.2% |
| WooriFinancialGroup 316140.KS | South Korea | $17.0B | -5% | +37% | 10% | 0.71× | 4.8% | n/a |
| mBank MBK.WA | Poland | $17.7B | +37% | -1% | 19% | 3.05× | 37.6% | 19.1% |
| First Financial 2892.TW | Taiwan | $17.8B | +44% | +5% | 11% | 1.95× | 5.8% | 10.9% |
| Banca Mediolanum BMED.MI | Italy | $19.1B | +17% | -34% | 30% | 3.73× | 35.6% | 30.1% |
| Banco de Sabadell SAB.MC | Spain | $19.2B | +8% | -35% | 5% | 1.40× | 15.5% | 5.1% |
| Hua Xia Bank 600015.SS | China | $15.7B | -5% | -1% | 8% | 0.32× | 1.8% | 7.6% |
| Banco de Chile Sponsored ADR BCH | United States | $19.6B | +7% | +4% | 22% | 3.15× | 13.6% | 21.8% |
| Punjab National Bank PNB.NS | India | $15.4B | +16% | +3% | 15% | 0.90× | 17.0% | 15.1% |
| FinecoBank FBK.MI | Italy | $15.4B | +3% | +5% | 32% | 5.71× | 43.8% | 32.3% |
| Union Bank of India UNIONBANK.NS | India | $15.1B | +12% | 0% | 16% | 0.99× | 16.4% | 16.3% |
| Bankinter BKT.MC | Spain | $14.5B | +4% | 0% | 18% | 1.87× | 12.4% | 17.6% |
| China Minsheng Banking 600016.SS | China | $21.3B | -8% | -10% | 4% | 0.26× | 1.6% | 4.5% |
| Bank of Baroda BANKBARODA.NS | India | $13.7B | -7% | +8% | 12% | 0.74× | 13.2% | 11.8% |
| KeyCorp KEY | United States | $22.0B | -3% | +9% | 11% | 1.39× | 13.1% | 11.2% |
| Hanafinancialgr 086790.KS | South Korea | $22.5B | -7% | +39% | 10% | 0.79× | 5.3% | n/a |
| Banco BPM BAMI.MI | Italy | $22.8B | +1% | -4% | 12% | 1.30× | 13.5% | 12.5% |
| Bank of Nanjing 601009.SS | China | $22.8B | +5% | +6% | 12% | 0.77× | 2.8% | 11.9% |
| Shanghai Rural Commercial Bank 601825.SS | China | $13.1B | +1% | -8% | 10% | 0.65× | 2.5% | 9.6% |
| Indian Bank INDIANB.NS | India | $12.9B | +5% | +12% | 16% | 1.40× | 18.5% | 16.1% |
| Mega Financial 2886.TW | Taiwan | $24.0B | +37% | +1% | 10% | 1.97× | 5.9% | 10.0% |