Analyst Consensus ?
ConsensusHold11 ratings
Bullish327.3%
Neutral545.4%
Bearish327.3%
Banco Santander (Brasil) S.A. · BSBR · FY2022 Q4 · Calendar Q1 2023
Santander Brasil emphasized selective credit and digital growth amid 2022 pressures
The supplied FY2022 call analysis describes a bank balancing near-term revenue and provisioning pressure with selective lending, digitalization and planned expansion. The growth case depends on maintaining asset quality and converting channel and portfolio initiatives into durable income.
Why did BSBR fall 4.0% after missing EPS estimates in FY2022 Q4?
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Reported Before market openNYSEFinancial Services
$33.02B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.06
Consensus $0.15
EPS surprise
-60.0%
Reported versus consensus
Reported revenue
$40.54B
Consensus —
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-4.0%
Event window
SPY move
-1.6%
Same window
Abnormal move
-2.4%
Stock minus SPY
Volume
3.8×
Versus trailing sessions
Subsequent drift
-0.3%
Up to 20 sessions
BSBRSPY benchmark
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Why did BSBR fall 4.0% after missing EPS estimates in FY2022 Q4?What changed in BSBR's guidance and outlook in FY2022 Q4?Give me the bull and bear case for BSBR after FY2022 Q4 earnings.
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Transcript intelligence
What changed
Management's account centered on a difficult 2022, with selective lending and higher provisions weighing on revenue, while asset quality and capital were characterized as resilient. Prior-period analysis also pointed to customer NII growth and improving profitability, but market NII remained under yield-curve pressure.
Guidance delta
Guidance sentiment was characterized as maintained. The analysis described planned growth in agribusiness, wholesale and payroll lending, alongside continued digital and distribution expansion.
Key takeaways
- Selective lending was presented as a trade-off: pressure on revenue alongside improved loan-vintage quality and NPL ratios.
- Digital channels, contract digitization and customer loyalty were identified as operating and growth priorities.
- Asset quality, Americanas-related exposure, capital and spread compression were central areas of investor scrutiny.
Management priorities
- Advance digital channels and platforms, including SX Integra.
- Expand agribusiness, wholesale and payroll lending selectively.
- Broaden distribution and customer relationships while preserving cost efficiency.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$4.76Previous close
$6Low
$6.47Average
$7.2High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Nov 5, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| HSBC | Hold | Buy | Downgrade | Sep 15, 2026 |
| UBS | Neutral | Buy | Downgrade | Aug 24, 2026 |
| JP Morgan | Neutral | Overweight | Downgrade | Jul 30, 2026 |
| Barclays | Underweight | Underweight | Maintain | Jul 27, 2023 |
| B of A Securities | Underperform | Neutral | Downgrade | Nov 1, 2022 |
| Goldman Sachs | Sell | Neutral | Downgrade | Oct 28, 2022 |
| Citigroup | Buy | Neutral | Upgrade | Aug 27, 2019 |
| Citi | Buy | Neutral | Upgrade | Aug 27, 2019 |
| Morgan Stanley | Overweight | Equal Weight | Upgrade | Aug 7, 2019 |
| Credit Suisse | Neutral | Underperform | Upgrade | Oct 17, 2016 |
| Bank of America | Neutral | Buy | Downgrade | Aug 10, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $4.76. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| HSBC | Analyst unavailable | $6.2 | $5.95 | +30.3% | Sep 15, 2026 |
| Banco Santander | Domingos Falavina | $6 | $5.1 | +26.1% | Jul 30, 2026 |
| Banco Santander | Mario Pierry | $7.2 | $5.94 | +51.3% | May 6, 2024 |
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Start freeCompany context
Snapshot as of publicationBanco Santander (Brasil) S.A., together with its affiliated entities, operates as a prominent financial institution delivering an extensive array of banking and financial services. Its diverse client base includes individuals, small and medium-sized enterprises (SMEs), and large corporate customers, both within Brazil and internationally. The company's operations are strategically divided into two primary segments: Commercial Banking and Global Wholesale Banking. Its core offerings encompass deposit accounts and various bank funding instruments, alongside a broad spectrum of payment solutions such as debit and credit cards, digital prepaid services, a robust payment platform, and loyalty programs. Santander Brasil also facilitates employee benefit vouchers, payroll loans, digital lending, and online debt renegotiation services. In the area of secured lending, it provides mortgages and home equity financing products, complementing general consumer credit options.…
Historical context
All BSBR earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| CRCL Circle Internet Group | FY2026 Q3 · Calendar Q4 2026 | +119.5% | +1.2% | Circle Q3 revenue and network volumes grow as Arc presale lifts EBITDA |
| UNMA Unum Group 6.250% JR NT58 | FY2026 Q3 · Calendar Q4 2026 | +1.9% | +0.5% | Unum maintains 2026 EPS outlook as disability claims weigh on Q3 |
| AIG American International Group, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +1.5% | AIG reports Q3 premium growth and disciplined underwriting, with pricing and expense goals still in focus |
| UNM Unum Group | FY2026 Q3 · Calendar Q4 2026 | +1.9% | -17.8% | Unum’s premium growth faces a sharper disability-claims test |
| PFH Prudential Financial, Inc. 4.125% Junior Subordinated Notes due 2060 | FY2026 Q3 · Calendar Q4 2026 | — | +2.9% | Prudential Holds Guidance as Japan Suspension Offsets PGIM Strength |
| AFG American Financial Group, Inc. | FY2026 Q3 · Calendar Q4 2026 | +4.5% | +1.0% | AFG sets quarterly earnings records, while underwriting risks persist |
Latest beats and misses
Who reports nextBeat on EPS
- GFSFY2026 Q3 · November 4, 2026+3.5% EPS-5.9% move
- ZBHFY2026 Q3 · November 4, 2026+1.1% EPS+13.5% move
- CRCLFY2026 Q3 · November 4, 2026+119.5% EPS+1.2% move
- PFGCFY2027 Q1 · November 4, 2026+3.9% EPS+13.5% move
- MDLNFY2026 Q3 · November 4, 2026+28.2% EPS+18.4% move
- NVOFY2026 Q3 · November 4, 2026+21.8% EPS+5.0% move
Missed on EPS
- UTHRFY2026 Q3 · November 4, 2026-5.0% EPS+1.2% move
- TRMBFY2026 Q3 · November 4, 2026-0.2% EPS-17.3% move
- OCFY2026 Q3 · November 4, 2026-20.5% EPS+8.5% move
- OHIFY2026 Q3 · November 3, 2026-42.5% EPS+3.5% move
- MOSFY2026 Q3 · November 3, 2026-1656.0% EPS+17.4% move
- OVVFY2026 Q3 · November 3, 2026-2.0% EPS-5.1% move
Get the BSBR recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-11T06:39:45.180704+00:00
- Polygon adjusted daily market bars · 2026-11-02T06:10:43.630801+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-02T06:10:43.627998+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-02. For educational purposes only; not investment advice.