Analyst Consensus ?
ConsensusHold11 ratings
Bullish327.3%
Neutral545.4%
Bearish327.3%
Banco Santander (Brasil) S.A. · BSBR · FY2023 Q4 · Calendar Q1 2024
Santander Brasil: Growth broadens as credit quality remains controlled
The call supports a constructive but qualified view: diversified loan growth, Select expansion, digital execution and controlled credit costs provide support, while provisions, competition, regulation and rates remain material tests.
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
Ask FN2 about BSBR FY2023 Q4
Transcript, numbers and history already loaded
Why did BSBR fall 4.0% after missing EPS estimates in FY2023 Q4?What changed in BSBR's guidance and outlook in FY2023 Q4?Give me the bull and bear case for BSBR after FY2023 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior analysis, the company moved from a recovery plan centered on digitalization, agribusiness and payroll loans to reported 2023 growth with broader momentum across Select, AAA patrimonial services, SME lending and consumer finance.
Guidance delta
Maintained; management expressed confidence in continued 2024 revenue expansion and profitability.
Key takeaways
- Revenue grew double digits year over year and net profit rose 30% despite higher provisions.
- The loan portfolio grew 9% year over year, with agribusiness and SME growth highlighted.
- Management emphasized Select, AAA patrimonial services, digital transformation and product simplification.
Management priorities
- Expand Select and AAA patrimonial services.
- Grow payroll, agribusiness, SME and consumer-credit lending.
- Complete cloud migration and deepen generative-AI applications.
- Continue mass-retail simplification and integrate Toro brokerage into Santander stores.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$4.41Current
$6Low
$6.47Average
$7.2High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 1, 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 current price $4.41. 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 | +40.6% | Sep 15, 2026 |
| Banco Santander | Domingos Falavina | $6 | $5.1 | +36.1% | Jul 30, 2026 |
| Banco Santander | Mario Pierry | $7.2 | $5.94 | +63.3% | May 6, 2024 |
Track every rating change on BSBR the moment it posts. Free to start.
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 |
|---|---|---|---|---|
| CBOE Cboe Global Markets, Inc. | FY2026 Q3 · Calendar Q4 2026 | +5.8% | +6.8% | Cboe posts strong Q3 as options growth and new products advance |
| NWG NatWest Group plc | FY2026 Q3 · Calendar Q4 2026 | +2.0% | -9.0% | NatWest maintains guidance as Q3 growth and capital remain strong |
| ERIE Erie Indemnity Company | FY2026 Q3 · Calendar Q4 2026 | +2.1% | +5.3% | Erie pairs resilient demand initiatives with thin underwriting margins |
| COIN Coinbase Global, Inc. | FY2026 Q3 · Calendar Q4 2026 | +1189.2% | -10.6% | Coinbase offsets lower spot trading with prediction markets and AI agents |
| TPG TPG Inc. | FY2026 Q3 · Calendar Q4 2026 | +4.3% | +7.5% | TPG raises FRE margin outlook as capital formation accelerates |
| AJG Arthur J. Gallagher & Co. | FY2026 Q3 · Calendar Q4 2026 | +0.3% | +2.9% | AJG: Q3 growth and AssuredPartners synergies support outlook |
Latest beats and misses
Who reports nextBeat on EPS
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
- BTSGFY2026 Q3 · October 30, 2026+14.2% EPS+11.1% move
- EXCFY2026 Q3 · October 30, 2026+10.4% EPS+0.5% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— 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 · 2026-11-01T07:50:39.541592+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-01T07:50:39.538857+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 2026-11-01. For educational purposes only; not investment advice.