Santander Brasil (NYSE: BSBR)

$5.77+0.00%today

Brazilian ADR trading on the NYSE, priced in US dollars.

Display currency

Market Cap, EPS and the financial totals below — switch between US dollars and BRL.

Market Cap: $43.20B
P/E (TTM): 17.0x
P/B: 0.4x
EPS (TTM): $0.34
Dividend Yield: 5.99%
52-Week Range: $4.75 – $7.32
Volume: 7.17M
Previous Close: $5.77

TTM = trailing twelve months — the most recent 12 months (a rolling window), used for P/E, EPS and dividends. On the tables and charts below, the in-progress current year appears as a “Last 12M” column labelled with the quarter range it covers.

Performance

Today

+0.00%

1 Week

+0.17%

1 Month

+10.11%

YTD

-5.56%

1 Year

+15.63%

5 Years

-21.05%

About Santander Brasil

US Ticker: BSBR
B3 Ticker: SANB11
Exchange: NYSE
Currency: USD
Sector: Financial Services
Industry: Banks - Regional
Headquarters: São Paulo, SP, Brazil
Employees: 47,327
CEO: Mr. Gilson Finkelsztain
Founded: 1970

Banco Santander (Brasil) S.A., together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

It operates in two segments, Commercial Banking and Global Wholesale Banking.

The company offers payment and loyalty products, including credit and debit cards; payroll and real estate loans; home equity financing solutions; microfinance programs; consortiums; agribusiness products, such as credit, securities and other products; call center and digital solutions; nonperforming assets; and insurance products comprising life, personal accident, vehicle, property, and credit insurance, as well as insurance for travel and banking transactions.

It also provides emergency solutions for homes, cars, motorcycles, pets, and telemedicine; consumer finance; and corporate and investment banking services, which include cash management, structured trade and working capital solutions, trade and lending, mergers and acquisitions, equity capital markets, investment grade and emerging markets debt, and structured finance, as well as sales markets, market making, energy trading, equities, research, and private debt mobilization and securitization.

In addition, the company offers cash management solutions, such as collections, payments, instant payments, and payroll and custody services; advance program, a non-financial platform to support entrepreneurs regarding educational content, certified courses, events focused on management, innovation, internationalization, and team development; customer funding through deposits and other bank funding instruments; and various investments.

It offers its products and services through branches, mini-branches, and automated teller machines; call centers; banking correspondents and third-party vendors; and online and mobile banking platforms.

The company was founded in 1970 and is headquartered in São Paulo, Brazil.

www.santander.com.br

Analyst Ratings

Consensus of 3 Wall Street analysts · sourced from Yahoo Finance

None

On a 1–5 scale: 1 = Strong Buy, 3 = Hold, 5 = Sell. Lower is more bullish.

12-Month Price Target

Low

$6.00

Average

$7.10

High

$8.10

The average target is +23.05% above the current price of $5.77.

Financial Results

Revenue, EBITDA and net profit (in USD) with net margin (net profit ÷ revenue).

Financial Health

Margins, leverage and cash-flow quality derived from Santander Brasil's income statement, balance sheet and cash flow (absolute figures in USD).

ProfitabilityLeverageGrowth

Overall: Financially Strong

Net Margin: 8.4%
ROE: 23.6%
Rev Growth (YoY): +137.01%
Net Debt / EBITDA: -1.71×
Current Ratio: 0.34×
Interest Coverage: 0.18×
Free Cash Flow: 36.17B
Payout Ratio: 29.0%

Income — Margins & Efficiency

Metric	Last 12MQ3'25 – Q2'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019	Δ	2018	Δ	2017	Δ	2016	Δ	2015	Δ	2014	Δ	2013	Δ	2012	Δ	2011	Δ	2010	Δ	2009	Δ	2008	Δ	2007	Δ	2006
Revenue	$69,409,023,132	+150.8%	$27,672,580,804	+32.5%	$20,884,615,322	-16.5%	$25,022,477,217	+19.2%	$20,984,619,839	+55.1%	$13,526,168,719	+38.0%	$9,802,829,369	-47.8%	$18,793,277,953	+8.8%	$17,267,353,776	-23.1%	$22,456,422,941	-12.4%	$25,631,723,088	+79.5%	$14,282,146,233	-32.4%	$21,131,609,962	+10.5%	$19,116,577,375	-11.3%	$21,562,320,669	-20.1%	$26,991,357,495	+7.1%	$25,209,293,020	+15.1%	$21,895,480,207	+111.6%	$10,349,432,874	+13.1%	$9,147,896,792	+107.3%	$4,413,467,855
Gross profit	$19,310,670,377	+153.6%	$7,615,059,348	+7.1%	$7,109,682,740	-3.0%	$7,327,725,455	-7.7%	$7,939,653,143	-4.9%	$8,347,134,035	+40.2%	$5,952,050,141	-44.8%	$10,774,389,392	+14.9%	$9,380,137,061	-10.2%	$10,441,956,752	-0.3%	$10,478,039,234	+196.6%	$3,532,182,121	-58.1%	$8,422,352,210	+1.0%	$8,337,684,059	-18.7%	$10,260,583,346	-18.3%	$12,566,402,531	-9.6%	$13,904,568,592	+38.4%	$10,044,328,170	+122.5%	$4,514,595,525	+0.1%	$4,508,902,846	+90.3%	$2,369,301,267
Operating income	$7,549,779,504	+147.1%	$3,054,854,461	-1.7%	$3,106,270,416	+26.4%	$2,457,971,012	-33.6%	$3,704,107,596	-16.6%	$4,443,346,558	+138.7%	$1,861,736,609	-66.4%	$5,546,501,977	+35.1%	$4,106,595,168	-6.3%	$4,383,342,092	-13.0%	$5,037,635,519	+719.8%	-$812,727,273	-133.5%	$2,427,688,859	+42.5%	$1,703,156,445	-36.4%	$2,677,094,030	-43.1%	$4,703,955,072	-21.8%	$6,014,743,081	+28.8%	$4,668,461,847	+325.7%	$1,096,743,976	-27.9%	$1,520,478,130	+222.5%	$471,524,636
EBITDA	$8,056,894,313	+128.0%	$3,534,344,436	-0.4%	$3,548,332,929	+17.4%	$3,023,092,037	-27.9%	$4,193,359,762	-14.1%	$4,880,300,528	+106.9%	$2,358,597,907	-61.6%	$6,142,126,762	+34.8%	$4,555,709,566	-6.7%	$4,885,364,682	-11.1%	$5,493,509,516	+1359.6%	-$436,146,536	-114.8%	$2,940,905,768	+31.7%	$2,233,786,716	-31.6%	$3,264,290,255	-37.7%	$5,240,298,627	-22.5%	$6,759,273,767	+25.5%	$5,384,819,851	+268.6%	$1,460,773,666	-21.0%	$1,848,518,644	+225.3%	$568,237,916
Net profit	$5,799,030,089	+148.8%	$2,331,184,946	+7.8%	$2,163,438,385	+11.0%	$1,948,231,619	-27.9%	$2,703,533,475	-3.0%	$2,787,700,980	+7.8%	$2,585,040,492	-36.7%	$4,085,685,449	+25.8%	$3,247,761,344	+20.5%	$2,695,196,158	+19.5%	$2,255,192,633	-8.8%	$2,472,701,999	+16.6%	$2,121,255,039	-12.6%	$2,425,928,877	-9.5%	$2,680,849,836	-35.4%	$4,149,262,278	-6.6%	$4,441,692,539	+40.6%	$3,159,842,800	+208.8%	$1,023,405,766	-5.0%	$1,076,783,229	+185.5%	$377,108,869
Gross margin	27.8%	+0.3 p.p.	27.5%	-6.5 p.p.	34.0%	+4.8 p.p.	29.3%	-8.6 p.p.	37.8%	-23.9 p.p.	61.7%	+1.0 p.p.	60.7%	+3.4 p.p.	57.3%	+3.0 p.p.	54.3%	+7.8 p.p.	46.5%	+5.6 p.p.	40.9%	+16.1 p.p.	24.7%	-15.1 p.p.	39.9%	-3.8 p.p.	43.6%	-4.0 p.p.	47.6%	+1.0 p.p.	46.6%	-8.6 p.p.	55.2%	+9.3 p.p.	45.9%	+2.3 p.p.	43.6%	-5.7 p.p.	49.3%	-4.4 p.p.	53.7%
Operating margin	10.9%	-0.2 p.p.	11.0%	-3.8 p.p.	14.9%	+5.1 p.p.	9.8%	-7.8 p.p.	17.7%	-15.2 p.p.	32.9%	+13.9 p.p.	19.0%	-10.5 p.p.	29.5%	+5.7 p.p.	23.8%	+4.3 p.p.	19.5%	-0.1 p.p.	19.7%	+25.3 p.p.	-5.7%	-17.2 p.p.	11.5%	+2.6 p.p.	8.9%	-3.5 p.p.	12.4%	-5.0 p.p.	17.4%	-6.4 p.p.	23.9%	+2.5 p.p.	21.3%	+10.7 p.p.	10.6%	-6.0 p.p.	16.6%	+5.9 p.p.	10.7%
EBITDA margin	11.6%	-1.2 p.p.	12.8%	-4.2 p.p.	17.0%	+4.9 p.p.	12.1%	-7.9 p.p.	20.0%	-16.1 p.p.	36.1%	+12.0 p.p.	24.1%	-8.6 p.p.	32.7%	+6.3 p.p.	26.4%	+4.6 p.p.	21.8%	+0.3 p.p.	21.4%	+24.5 p.p.	-3.1%	-17.0 p.p.	13.9%	+2.2 p.p.	11.7%	-3.5 p.p.	15.1%	-4.3 p.p.	19.4%	-7.4 p.p.	26.8%	+2.2 p.p.	24.6%	+10.5 p.p.	14.1%	-6.1 p.p.	20.2%	+7.3 p.p.	12.9%
Net margin	8.4%	-0.1 p.p.	8.4%	-1.9 p.p.	10.4%	+2.6 p.p.	7.8%	-5.1 p.p.	12.9%	-7.7 p.p.	20.6%	-5.8 p.p.	26.4%	+4.6 p.p.	21.7%	+2.9 p.p.	18.8%	+6.8 p.p.	12.0%	+3.2 p.p.	8.8%	-8.5 p.p.	17.3%	+7.3 p.p.	10.0%	-2.7 p.p.	12.7%	+0.3 p.p.	12.4%	-2.9 p.p.	15.4%	-2.2 p.p.	17.6%	+3.2 p.p.	14.4%	+4.5 p.p.	9.9%	-1.9 p.p.	11.8%	+3.2 p.p.	8.5%
Revenue growth (YoY)	137.0%	+119.6 p.p.	17.5%	+11.1 p.p.	6.3%	-3.1 p.p.	9.4%	-37.7 p.p.	47.2%	-0.9 p.p.	48.1%	+80.6 p.p.	-32.6%	-45.4 p.p.	12.8%	+22.8 p.p.	-10.0%	+0.8 p.p.	-10.8%	-58.3 p.p.	47.5%	+46.8 p.p.	0.8%	-23.6 p.p.	24.4%	+22.1 p.p.	2.3%	+14.7 p.p.	-12.4%	-32.6 p.p.	20.2%	+10.4 p.p.	9.8%	-48.9 p.p.	58.7%	+9.9 p.p.	48.8%	-23.1 p.p.	71.9%	—	—
Effective tax rate	23.6%	+1.1 p.p.	22.5%	-7.6 p.p.	30.1%	+9.8 p.p.	20.3%	-6.4 p.p.	26.7%	-10.4 p.p.	37.1%	+76.3 p.p.	-39.2%	-64.5 p.p.	25.3%	+5.8 p.p.	19.5%	-17.5 p.p.	37.0%	-17.4 p.p.	54.4%	-351.4 p.p.	405.8%	+394.4 p.p.	11.4%	+5.6 p.p.	5.8%	+5.1 p.p.	0.7%	-11.9 p.p.	12.5%	-13.6 p.p.	26.1%	-6.2 p.p.	32.3%	+25.6 p.p.	6.7%	-22.5 p.p.	29.2%	+23.9 p.p.	5.3%
Interest coverage	0.18×	+11.2%	0.16×	-33.1%	0.24×	+62.8%	0.15×	-49.3%	0.29×	-68.9%	0.93×	+76.1%	0.53×	-32.5%	0.78×	+40.2%	0.56×	+40.0%	0.40×	+13.1%	0.35×	+521.7%	-0.08×	-141.1%	0.20×	+15.0%	0.18×	-32.0%	0.26×	-29.1%	0.37×	-38.3%	0.59×	+25.5%	0.47×	+129.2%	0.21×	-46.1%	0.38×	+66.4%	0.23×

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Balance Sheet — Health & Leverage

Metric	Last 12MQ3'25 – Q2'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019	Δ	2018	Δ	2017	Δ	2016	Δ	2015	Δ	2014	Δ	2013	Δ	2012	Δ	2011	Δ	2010	Δ	2009	Δ	2008	Δ	2007	Δ	2006
Net debt	-$13,793,007,904	-4.9%	-$13,152,616,961	-16.9%	-$11,251,871,833	+6.2%	-$11,997,838,027	-175.9%	-$4,348,678,424	-736.8%	-$519,670,209	+69.8%	-$1,720,485,455	-104.0%	$42,998,057,647	-12.8%	$49,294,972,381	-2.1%	$50,358,447,344	-32.4%	$74,505,775,297	+64.1%	$45,412,966,866	+322.6%	$10,745,182,925	+12.7%	$9,533,540,457	+87.5%	$5,083,335,289	+157.7%	-$8,813,658,589	+45.8%	-$16,256,558,965	-526.1%	-$2,596,418,244	+48.0%	-$4,997,781,842	-188.1%	$5,670,357,608	+37.6%	$4,120,894,416
Net Debt / Equity	-0.56×	+2.5%	-0.58×	+1.1%	-0.58×	-14.4%	-0.51×	-143.8%	-0.21×	-661.2%	-0.03×	+67.5%	-0.08×	-132.9%	0.26×	-87.7%	2.09×	+8.9%	1.91×	-33.0%	2.86×	+26.9%	2.25×	+518.0%	0.36×	+31.8%	0.28×	+109.8%	0.13×	+161.6%	-0.21×	+41.9%	-0.37×	-463.7%	-0.07×	+72.0%	-0.23×	-121.5%	1.08×	-1.8%	1.10×
Net Debt / EBITDA	-1.71×	+54.0%	-3.72×	-17.4%	-3.17×	+20.1%	-3.97×	-282.7%	-1.04×	-873.9%	-0.11×	+85.4%	-0.73×	-110.4%	7.00×	-35.3%	10.82×	+5.0%	10.31×	-24.0%	13.56×	+113.0%	-104.12×	-2949.8%	3.65×	-14.4%	4.27×	+174.1%	1.56×	+192.6%	-1.68×	+30.1%	-2.41×	-398.8%	-0.48×	+85.9%	-3.42×	-211.5%	3.07×	-57.7%	7.25×
Debt / Equity	1.17×	+13.0%	1.04×	-8.4%	1.13×	-4.5%	1.19×	+3.2%	1.15×	+23.1%	0.93×	+41.2%	0.66×	+130.9%	0.29×	-88.2%	2.43×	-20.9%	3.07×	-26.2%	4.16×	+23.6%	3.37×	+212.3%	1.08×	+18.2%	0.91×	+9.1%	0.84×	+29.8%	0.64×	+58.6%	0.41×	+23.6%	0.33×	+35.4%	0.24×	-80.7%	1.26×	+0.8%	1.25×
Current ratio	0.34×	-1.1%	0.34×	-6.9%	0.37×	+6.4%	0.34×	-37.3%	0.55×	-0.2%	0.55×	+41.0%	0.39×	-8.0%	0.42×	+5.4%	0.40×	-26.6%	0.55×	+22.9%	0.45×	-21.1%	0.57×	-0.1%	0.57×	+17.9%	0.48×	-10.5%	0.54×	-14.8%	0.63×	+2.5%	0.61×	+265.5%	0.17×	+26.3%	0.13×	-78.8%	0.63×	+13.8%	0.55×
Return on equity (ROE)	23.6%	+13.4 p.p.	10.2%	-1.0 p.p.	11.2%	+2.9 p.p.	8.3%	-4.7 p.p.	13.0%	-1.7 p.p.	14.7%	+2.0 p.p.	12.7%	+10.2 p.p.	2.4%	-11.3 p.p.	13.7%	+3.5 p.p.	10.2%	+1.6 p.p.	8.6%	-3.6 p.p.	12.3%	+5.1 p.p.	7.2%	+0.2 p.p.	7.0%	+0.1 p.p.	6.9%	-3.1 p.p.	10.1%	+0.0 p.p.	10.1%	+2.1 p.p.	8.0%	+3.2 p.p.	4.8%	-15.8 p.p.	20.5%	+10.5 p.p.	10.1%
Return on assets (ROA)	2.3%	+1.3 p.p.	1.0%	-0.1 p.p.	1.1%	+0.2 p.p.	0.8%	-0.6 p.p.	1.4%	-0.2 p.p.	1.7%	+0.2 p.p.	1.4%	-0.7 p.p.	2.2%	+0.4 p.p.	1.7%	+0.4 p.p.	1.4%	+0.2 p.p.	1.2%	-0.5 p.p.	1.6%	+0.5 p.p.	1.1%	-0.2 p.p.	1.3%	-0.0 p.p.	1.3%	-0.6 p.p.	1.9%	-0.0 p.p.	2.0%	+0.2 p.p.	1.7%	+0.9 p.p.	0.8%	-0.8 p.p.	1.6%	+0.9 p.p.	0.8%
Book value / share	$3.28	-45.3%	$6.01	+131.8%	$2.59	-18.1%	$3.17	+14.1%	$2.78	+9.3%	$2.54	-7.0%	$2.73	-93.8%	$44.06	+609.6%	$6.21	-9.7%	$6.88	+1.0%	$6.80	+29.6%	$5.25	+34.6%	$3.90	-18.2%	$4.77	-10.6%	$5.33	-6.2%	$5.68	-6.6%	$6.08	-4.4%	$6.36	+5.8%	$6.01	+170.5%	$2.22	+46.6%	$1.52

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Net Debt & Leverage

Free Cash Flow

Margins

Dividend Payout Ratio

Capex ÷ Revenue

Cash Conversion (operating cash flow ÷ net income)

Ratios computed from company financial statements. Net Debt = total debt − cash & equivalents; FCF = operating cash flow − capital expenditure; absolute values in USD.

Valuation & Dividends

P/E Ratio History

Dividend History

This year (YTD) $0.21/share · yield 3.66%

Dividends and yield from Yahoo Finance (per ADR share, in US dollars). The current-year figures are calendar year-to-date (dividends actually paid this year), not the trailing 12 months.

Listings

Santander Brasil trades on 5 exchanges. Prices on this page are the NYSE ADR (BSBR).

Exchange	Ticker	Currency
NYSEpriced here	BSBR	USD
B3 (São Paulo)	SANB11	BRL
Frankfurt	DBSA	EUR
Mexico (BMV)	BSBR	MXN
Buenos Aires (BYMA)	BSBR	ARS

Frequently Asked Questions

Why hold Santander Brasil BSBR ADR instead of local B3 SANB11 shares?

Buying directly on Brazil’s B3 exchange means opening a local brokerage account, converting currency and dealing with Brazilian tax paperwork. ADRs remove that friction: they settle in dollars, follow US market hours, and report in formats foreign investors already understand.

The trade-off is that an ADR’s price reflects two moving parts: (1) the underlying share price, quoted in reais on the B3, and (2) the USD/BRL exchange rate. Because of that second part, a rising company can still deliver a flat, or even negative, dollar return if the real weakens against the dollar. The same applies to ETFs: funds such as EWZ, EWZS and FLBR bundle dozens of these companies into a single ticker for instant diversification, but their dollar value still moves with the real.

Where is Santander Brasil listed?

Santander Brasil trades on 5 exchanges. The line quoted on this page is NYSE in the United States (BSBR, US dollars). It also trades on B3 (São Paulo) in Brazil (SANB11, Brazilian reais), Frankfurt in Germany (DBSA, euros), Mexico (BMV) in Mexico (BSBR, Mexican pesos) and Buenos Aires (BYMA) in Argentina (BSBR, Argentine pesos).

On how many exchanges does Santander Brasil trade?

5. NYSE — BSBR (USD) · B3 (São Paulo) — SANB11 (BRL) · Frankfurt — DBSA (EUR) · Mexico (BMV) — BSBR (MXN) · Buenos Aires (BYMA) — BSBR (ARS). Prices shown on this page are the NYSE line, BSBR.

What is Santander Brasil's primary listing?

Santander Brasil's primary listing is on the B3 in Brazil, where the shares trade as SANB11 in reais — the company's home market. The NYSE line quoted on this page is an ADR over those same shares: it gives you the asset in US dollars, on US market hours, without opening a Brazilian brokerage account or trading in reais.

What is the difference between BSBR and SANB11?

They are the same company and, economically, the same asset. SANB11 is the original Brazilian share, listed on the B3 and quoted in reais. BSBR is an American Depositary Receipt over that share, listed on the NYSE and quoted in US dollars — a wrapper whose purpose is to give foreign investors access to the Brazilian asset without opening an account in Brazil. The BSBR price therefore tracks two things: SANB11 in reais, and the USD/BRL exchange rate.

How can I buy Santander Brasil stock in Europe?

Santander Brasil trades in euros on one European venue: Frankfurt in Germany (DBSA). A European broker with access to that market can buy it in EUR, with no currency conversion on your side. The price shown on this page is the NYSE line (BSBR), quoted in US dollars.

How can I buy Santander Brasil stock in the United States?

Santander Brasil is listed on the NYSE under BSBR, priced in US dollars. Any US brokerage offering NYSE-listed securities can trade it, with no foreign-account paperwork and no currency conversion.

As of Fri, Aug 14, 17:00 BRT · Market closed

Financial data last updated: August 15, 2026

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