PagBank registers a recurrent profit of BRL 571 million, 14% growth in net revenue, and 30% growth in the loanportfolio

Core Insights - PagBank reported strong financial results for the third quarter of 2025, showcasing resilience in a high-interest-rate environment and economic slowdown [2][4] - The bank's recurring net income reached BRL 571 million, with net revenue growing by 14.4% year-over-year to BRL 3.4 billion [4] - Deposits increased to BRL 39.4 billion, reflecting a 15.3% year-over-year growth, while the loan portfolio expanded to BRL 4.2 billion, marking a 29.9% year-over-year increase [5] Financial Performance - Recurring net income for 3Q25 was BRL 571 million [4] - Net revenue grew 14.4% year-over-year, totaling BRL 3.4 billion [4] - Deposits reached BRL 39.4 billion, up 15.3% year-over-year and 6.1% quarter-over-quarter [5] - The loan portfolio amounted to BRL 4.2 billion, with a year-over-year growth of 29.9% and a quarter-over-quarter increase of 7.2% [5] Strategic Initiatives - The bank distributed over BRL 2 billion to shareholders through dividends and share repurchases in the last 12 months [3] - PagBank is focusing on higher-margin products and sustainable value creation while expanding its revenue and optimizing its capital structure [2] - The bank aims to deepen relationships with entrepreneurs and consumers, enhancing access to financial solutions for millions of Brazilians [6] Leadership Changes - Carlos Mauad will become the new CEO of PagBank starting January 1, 2026, as part of a planned succession process [7] - Gustavo Sechin will take over as the new CFO [7] - The transition is expected to ensure continuity and support for the bank's growth strategy [8][9]