But more importantly, Eduardo, is how we are going to get there. If I'm saying, okay, I'm going to do 20%, that's cool. But certainly, I think this is what you want to hear, myself included. But we have to do that with a different portfolio construction when compared to what we did back in 2021 in some quarters. It's not bad that we reached 21 plus, but that 21 plus that costed us low teens of ROE, this is not where I want to be. So the speed will be different, but it will be very consistent in a mix that I ...

Financial Data and Key Metrics Changes - Net Interest Income (NII) grew by 14.5% year-on-year and 7.3% quarter-on-quarter, indicating a positive performance in both client and market NII [56][57] - Total revenues increased by 14% year-on-year, driven by NII and fees, leading to a net income of BRL3 billion, up 41% in 12 months [68] - Return on Equity (ROE) improved to 14.1%, reflecting a solid balance sheet [68] Business Line Data and Key Metrics Changes - The retail credit portfolio grew by 5%, with significant contributions from auto loans and SMEs [59] - The private securities and guarantees portfolio saw a remarkable growth of 23% year-on-year [59] - Agribusiness segment reported a 39% growth year-on-year, highlighting its importance in the company's strategy [60] Market Data and Key Metrics Changes - The loan-to-deposit ratio remains at approximately 94%, showcasing strong funding management [62] - Time deposits and real estate LCI and agribusiness LCA credit notes contributed to a 10% growth in liabilities year-on-year [61] Company Strategy and Development Direction - The company is focused on diversifying its portfolio and improving credit quality, with a strategy defined in 2022 and refined in 2023 [4][24] - A new mass retail strategy, "Comeca Agora," was launched to enhance customer engagement and service delivery [54][74] - The company aims to grow its Select customer base from 1 million to 2 million, emphasizing the importance of high-income clients [28][36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the NII and overall revenue growth throughout 2024, supported by a diversified portfolio and improved credit quality [71][72] - The company is committed to a multichannel approach, integrating physical and digital services to enhance customer experience [73][74] Other Important Information - The efficiency ratio improved by 3.3 percentage points, now below 40%, indicating effective expense management [11] - The company is actively monitoring the agribusiness segment on a case-by-case basis, acknowledging varying performance across different crops [6] Q&A Session Summary Question: Net funding dynamics and AAA channel performance - Management highlighted strong net inflows through the AAA channel, indicating a positive funding environment despite some challenges in the private segment [78][80] Question: Market NII evolution and Selic rate impact - Management noted that the positive performance in market NII is a result of portfolio repricing and a reduction in the Selic rate, with expectations for continued improvement [87][89] Question: Payroll loans and open finance strategy - Management reaffirmed the importance of payroll loans for customer loyalty and profitability, viewing open finance as an opportunity for growth rather than a threat [96][98] Question: Growth in Select customer segment - Management emphasized the impressive growth in the Select segment and the goal to reach 2 million clients, which would position the company above market leaders [106]

Santander Forward-looking statements include, without limitation, any statement that may predict, forecast, suggest or imply future results, performance or achievements, and may include terminology such as "believe", "anticipate", "expect", "estimate", "could", "forecast", "potential", "will likely result", or others that have similar meaning. Santander 1Q24 Results Highlights 4 Focus on becoming the primary bank for customers in their financial decisions Loyal customers | --- | --- | --- | --- | --- | |--- ...

Investors interested in Banks - Foreign stocks are likely familiar with Banco Santander-Brazil (BSBR) and UBS (UBS) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trend ...

FORM 6-K Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ___X___ Form 40-F _______ Avenida Presidente Juscelino Kubitschek, 2041 and 2235 Bloco A – Vila Olimpia São Paulo, SP 04543-011 Federative Republic of Brazil (Address of principal executive office) Yes _______ No ___X____ Minutes of the Board of Directors Meeting held on February 26, 2024 CALL NOTICE AND NOTICE: The call notice was dismissed due to the attendance of the D ...

"CNSP" means the National Council of Private Insurance (Conselho Nacional de Seguros Privados). "COPOM" means the Brazilian Monetary Policy Committee (Comitê de Política Monetária). "CPC" means the Accounting Pronouncements Committee (Comitê de Pronunciamentos Contábeis). "CSLL" means the Brazilian social contribution over net income (Contribuição Social Sobre o Lucro Líquido). "CVM" means the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários). "ESG" is an acronym for the words " ...

Banco Santander, S.A. (NYSE:BSBR) Q4 2023 Earnings Conference Call January 31, 2024 8:00 AM ET Company Participants Camila Toledo - Head of Investor Relations and Market Intelligence of Santander Brazil Gustavo Alejo - CFO Mario Leão - CEO Conference Call Participants Thiago Batista - UBS Mateus Raffaelli - Itaú BBA Daniel Vaz - Banco Safra Flavio Yoshida - Bank of America Guilherme Grespan - JPMorgan Camila Toledo Good morning, everyone, and thank you for joining us this morning to join us during the 2023 ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and t ...

Banco Santander (Brasil) S.A. (NYSE:BSBR) Q3 2023 Earnings Conference Call October 25, 2023 9:00 AM ET Company Participants Conference Call Participants Camila TOlédo First, our CEO, Mario Leao, will talk about our strategy and the main highlights of the quarter. Then Gustavo Alejo, our CFO, will provide a detailed analysis of all the members that were highlighted during the period. And lastly, we will host a Q&A session during which you will be able to interact directly with us. I would like to remind you ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K For the month of October, 2023 BANCO SANTANDER (BRASIL) S.A. (Exact name of registrant as specified in its charter) (Address of principal executive office) Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Indicate by check mark whet ...