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 ...

Financial Performance - Consolidated net income for 2023 was R$9,499 million, a decline of 33.8% compared to R$14,339 million in 2022[693]. - Total income for 2023 was R$65,864 million, down 0.9% from R$66,475 million in 2022[693]. - Net interest income for 2023 was R$46,884 million, a decrease of 1.3% from R$47,503 million in 2022[693]. - Administrative expenses for 2023 rose to R$19,563 million, a 7.3% increase from R$18,240 million in 2022[700]. - Personnel expenses totaled R$10,814 million in 2023, reflecting a 9.3% increase from R$9,897 million in 2022[701]. - Total income for 2023 was R$56,389 million, a decrease of 1.5% from R$57,237 million in 2022[757]. - Net interest income for 2023 was R$44,652 million, a decline of 2.1% from R$45,618 million in 2022, reflecting a selective credit strategy[757]. Credit Quality and Risk - Impaired assets totaled R$39.9 billion as of December 31, 2023, representing an increase from R$39.2 billion in 2022, with impaired assets as a percentage of total loans at 7.2%[611]. - The allowance for credit losses to total loans outstanding decreased to 6.4% as of December 31, 2023, down from 6.7% in 2022[619]. - The coverage ratio for allowances for impairment losses increased to 46.6% in 2023, compared to 46.3% in 2022[610]. - Net loan charge-offs as a percentage of total loans rose to 4.8% in 2023, up from 3.5% in 2022[611]. - The total amount of loans past due for less than 90 days but not classified as impaired was R$24,387 million as of December 31, 2023, compared to R$23,052 million as of December 31, 2022[637]. - The ratio of nonperforming loans to individuals decreased to 3.7% in 2023 from 3.9% in 2022, indicating improved credit quality[672]. Loan Portfolio and Growth - The total loans outstanding increased to R$551.54 billion as of December 31, 2023, compared to R$524.66 billion in 2022[618]. - The total credit risk exposure portfolio increased by R$55.3 billion to R$719.8 billion as of December 31, 2023, compared to R$664.5 billion in 2022[617]. - Loan Portfolio to customers reached R$552 billion as of December 31, 2023, an increase of 5.1% compared to 2022, driven by growth in individual and corporate loan portfolios[715]. - Total outstanding credit increased to R$5,789 billion in 2023, up from R$5,361 billion in 2022, representing a growth of 8.0%[674]. Economic Environment - The Brazilian GDP growth for 2023 was 2.9%, slightly down from 3.0% in 2022[646]. - The SELIC rate ended 2023 at 11.75%, down from 13.75% in 2022[650]. - Inflation (IPCA) for 2023 was recorded at 4.6%, down from 5.8% in 2022[647]. - Economic and political crises in Brazil may adversely affect the company's credit portfolio growth and increase provisions for loan losses[771]. - The company faces uncertainties regarding the political scenario for 2024, which may negatively affect profitability, asset quality, portfolio expansion, and financing conditions[772]. Provisions and Impairment - Provisions for impairment losses decreased by 0.16%, totaling R$35,153 million as of December 31, 2023, compared to R$35,212 million as of December 31, 2022[632]. - Impairment losses on financial assets (net) were R$28,008 million in 2023, an increase of 12.8% from R$24,829 million in 2022[704]. - Provisions (net) surged to R$4,424 million in 2023, a 264.0% increase from R$1,215 million in 2022, mainly due to higher labor contingencies[749]. Deposits and Funding - Customer deposits increased to R$583.2 billion as of December 31, 2023, up from R$490.0 billion in 2022, representing a growth of 19.0%[740]. - The total uninsured deposits amounted to R$295,248 million as of December 31, 2023, with R$102,461 million maturing in three months or less[625]. - Time deposits reached R$390.5 billion in 2023, a 14.8% increase from R$339.9 billion in 2022, accounting for 55.6% of total deposits[741]. Governance and Management - The company has a diverse board of directors with members having extensive experience in finance and management[777]. - The board of executive officers consists of a minimum of two and a maximum of 75 members, with various roles including Chief Executive Officer and senior vice presidents[775]. - Renato Ejnisman is responsible for Corporate and Investment Banking at Santander Brasil, having previously held CEO position at Next[809]. Strategic Initiatives - The company is investing in new technology development, allocating $D million towards R&D initiatives aimed at enhancing product offerings[804]. - Market expansion efforts are underway, targeting E new regions, which are projected to increase market share by F%[804]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the G sector[804].

Financial Data and Key Metrics Changes - The company reported a net interest income (NII) growth of almost 5% year-on-year, with a quarter-on-quarter growth of 4.8% in Q4 2023 [31][67] - Total revenues grew by 11% year-on-year, while net income increased by 30% compared to Q4 2022 [67] - The cost of credit improved, closing the year at 4%, with a downward trend in delinquency indicators [64][36] Business Line Data and Key Metrics Changes - The expanded loan portfolio grew by 9% over the year, with significant growth in retail for individuals, vehicles, and SMEs [32] - Auto loans saw a quarter-on-quarter growth of 5.5%, marking the best performance of the year [33] - The company achieved a 7% growth in fees in Q4, reflecting positive performance across nearly all business lines [34] Market Data and Key Metrics Changes - The company’s funding grew by 15% in the full year and 2.6% in the quarter, with a loans-to-deposits ratio of 92%, the best level in its history [63] - The agribusiness portfolio reached almost R$54 billion, growing 42% year-on-year [27] - The consumer finance segment maintained a 21% market share, with ambitions to reach 25% [27] Company Strategy and Development Direction - The company is focused on customer-based monetization, aiming to enhance loyalty among its customer base of nearly 65 million [6] - There is a strong emphasis on portfolio diversification, reducing reliance on market credit, and focusing on customer segments with growth potential [5][39] - The strategic agenda includes a focus on high-income segments and a robust simplification agenda in mass retail, reducing the number of products by 31% [55][24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about revenue growth and portfolio diversification for 2024, highlighting a positive expectation for client and market dynamics [39] - The company is committed to maintaining a focus on profitability while expanding its offerings across various segments [40][41] - There is an ongoing effort to leverage technology and innovation, with 95% of operations running in the cloud and investments in generative AI [59][29] Other Important Information - The company aims to enhance its position in the payroll segment, which constitutes about 10% of its expanded loan portfolio [88] - The NPS (Net Promoter Score) is being prioritized as a key performance indicator, reflecting the company's commitment to customer satisfaction [22] Q&A Session Summary Question: What is the outlook for loan origination across different segments? - Management indicated a selective approach to loan origination, with a focus on high-income and mid-income segments, while also expanding into consumer finance and SMEs [43][44] Question: How does the company view the cost of credit and provisions for 2024? - Management expects further improvements in the cost of credit and aims for a lower allowance for loan losses as the portfolio accelerates [76][77] Question: What strategies are in place to defend against competition in payroll loans? - The company is focused on maintaining its competitive edge through advocacy for fair pricing and leveraging its established customer relationships [90][91]

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 ...

Financial Data and Key Metrics Changes - The company reported a total net interest income (NII) growth of 2.1% for the nine months to date, with a solid growth in asset volumes during the quarter [22][31] - The return on equity (ROE) increased by 18%, reaching BRL 2.7 billion compared to the previous quarter, with ROE rising from 11% to 13% [31][32] - The company achieved a 6.5% growth in fees during the quarter, with significant performance in various fees and commissions lines [47] Business Line Data and Key Metrics Changes - In auto financing for individuals, the company grew 2.6% quarter-on-quarter, marking the best performance since December 2020 [23] - The SME loan portfolio resumed growth with a 3.1% increase, the highest since the third quarter of the previous year [23] - The consumer finance segment showed a production increase of almost 20% in the third quarter [41] Market Data and Key Metrics Changes - Total funding increased by 16% year-on-year and 4.5% in the quarter, with a continuous improvement in the loan-to-deposit ratio [47][70] - The company reported a drop in non-performing loans (NPL) over 90 days by 30 basis points, indicating positive trends in asset quality [48][71] Company Strategy and Development Direction - The company is focusing on diversifying its portfolio and enhancing customer loyalty, aiming to become the principal bank for its customers [8][32] - A strategic shift is underway to change the funding mix from wholesale to retail, particularly in individual and corporate segments [12][35] - The company aims to double its business in the midterm, with a strong emphasis on customer satisfaction and technology integration [18][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in resuming growth in a conscious manner, focusing on quality clients and credit costs [7][19] - The company is committed to improving its customer relationship management (CRM) strategy to provide more customized offerings [32] - Management acknowledged the challenges in the low-income segment and plans to simplify offerings and improve efficiency [96][100] Other Important Information - The company is set to launch Select Global for international transactions, enhancing customer loyalty and service [11] - The company has seen a year-on-year evolution of 32% in Net Promoter Score (NPS) across all channels, indicating improved customer satisfaction [9] Q&A Session Summary Question: Portfolio quality and growth strategy - Management highlighted the positive trend in portfolio management and indicated a focus on secured businesses for growth, particularly in SMEs and large corporate [76][77] Question: Profitability concerns in the card industry - Management reassured that they are actively participating in regulatory discussions and believe that upcoming regulations will be positive for the industry [82][84] Question: Growth in Payroll and efficiency improvements - Management discussed the redesign of stores to better serve pension fund clients, leading to increased efficiency and productivity [87] Question: Strategy for low and mid-income segments - Management acknowledged the challenges in the low-income segment and emphasized the need for digitalization and simplification of offerings to improve profitability [96][100]

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 ...

Banco Santander (Brasil) S.A. (NYSE:BSBR) Q2 2023 Earnings Conference Call July 26, 2023 9:00 AM ET Company Participants Camila Toledo - Head, IR Mario Leao - CEO Gustavo Viviani - CFO, VP & IR Officer Conference Call Participants Gustavo Schroden - Bradesco BBI Flavio Yoshida - Bank of America Merrill Lynch Yuri Fernandes - JPMorgan Chase & Co. Pedro Leduc - Itaú BBA Daniel Vaz - Crédit Suisse Olavo Duarte - UBS Daer Labarta - Goldman Sachs Group Camila Toledo Good morning. I am Camila Toledo, Head of Inve ...

(d) ELECT by majority, with 3,664,249,302 favorable votes, 9,049 against votes and 1,729,110 abstentions, as an independent member of the Board of Directors for a complementary mandate that shall be enforce until the investiture of the members elected in the Ordinary General Meeting to be held in 2025, Mrs. Cristiana Almeida Pipponzi, Brazilian, married, business administrator, bearer of the Brazilian Identity Card RG No. 26.378.342-X SSP/SP, enrolled with CPF/MF under No. 285.220.788-58, domiciled in São P ...

25 Table of Contents 27 28 30 31 We are subject to regulation on a consolidated basis and may be subject to liquidation or intervention on a consolidated basis. Increases in reserve, compulsory deposit and minimum capital requirements may have a material adverse ef ect on us. 33 34 We may face operational dif iculties under the Brazilian instant payment scheme. Table of Contents The preparation of our tax returns requires the use of estimates and interpretations of complex tax laws and regulations and is su ...