Banco Santander Brasil Board Confirms Resignation of Vice-President Executive Officer

Chile’s S&P IPSA fell 0.73% to 10,747.02 on Tuesday (May 26), after a 2.48% copper-amplified gain on Monday, according to the Bolsa de Comercio de Santiago. The index opened near Monday’s close and traded in a narrow range. The Banco Central of Chile’s policy rate is 4.50%, with a June cut toward 4.25% in view.

Banco Santander (Brasil) S.A. (NYSE: BSBR) has filed a Form 6-K detailing the final voting map from its Ordinary General Meeting held on April 29, 2026. The report consolidates both distance and in-person votes, providing granular transparency on how shareholders, identified by the first five digits of their CPF or CNPJ, voted on four agenda items. This filing includes information on holdings in common (ON) and preferred (PN) shares and their respective votes.

Santander Brasil reported a management net profit of R$3.8 billion in the first quarter of 2026, alongside an accounting net profit of R$3.7 billion, and an ROE of 16.0%. Total revenue increased modestly to R$21.2 billion, supported by growth in net interest income from clients and fee income, despite higher loan loss expenses and a challenging macroeconomic environment. The bank maintained strict cost control, with operating expenses rising below inflation, and expanded its sustainable credit portfolio by 30% year-on-year.

This article provides the transcript for Banco Santander Brasil SA's Q2 2025 earnings call. Key positive points include a record quarterly profit of 3.4 billion, a growing customer base, a solid capital ratio, and a €10 billion share buyback program. Negative points highlight a higher cost of risk in Brazil due to elevated interest rates, declining car volumes in Europe, and a rising NPL ratio in Brazil.

Banco Bradesco S.A. (BBD) has shown significant operational improvements with a 10% YoY revenue increase and stabilized loan portfolio quality, reducing restructured assets to 3.3%. Despite these gains, the stock trades at 1.2x P/B with a 15% ROAE, making it less attractive compared to peers like ITUB and BSBR. The author maintains a "Sell" rating due to limited upside, macro risks, and stronger alternative investments in the Brazilian banking sector.

Jean Paulo Kambourakis, an officer at Banco Santander (Brasil) S.A. (BSBR), has filed an initial ownership report (Form 3) disclosing direct ownership of 68,344 UNIT - SANB11 securities. This filing establishes his baseline holdings and is not a report of a purchase or sale. Kambourakis is listed as an "Officer w/o Specific Desig." at the company.