Banco Santander (Brasil) S.A. (BVMF:SANB11)

Banco Santander (Brasil) Income Statement

Financials in millions BRL. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	102,172	81,190	115,225	77,987	62,775
Interest Income on Investments	8,408	8,767	-	-	-
Total Interest Income	110,580	89,957	115,225	77,987	62,775
Interest Paid on Deposits	116,275	65,064	67,722	26,669	18,332
Interest Paid on Borrowings	34,653	-1,699	-	-	-
Total Interest Expense	150,928	63,365	67,722	26,669	18,332
Net Interest Income	-40,348	26,591	47,503	51,318	44,443
Net Interest Income Growth (YoY)	-	-44.02%	-7.43%	15.47%	0.27%
Income From Trading Activities	-	-	-	-	12,123
Gain (Loss) on Sale of Assets	-	-	131.48	32.51	308.18
Gain (Loss) on Sale of Investments	79,115	36,099	4,153	221.78	875.27
Gain (Loss) on Sale of Equity Investments	-	-	199.18	144.18	112.26
Other Non-Interest Income	41,773	12,475	14,619	12,242	-9,312
Total Non-Interest Income	120,888	48,573	19,103	12,640	4,107
Non-Interest Income Growth (YoY)	148.88%	154.27%	51.13%	207.77%	-71.61%
Revenues Before Loan Losses	80,540	75,165	66,606	63,959	48,550
Provision for Loan Losses	22,428	28,317	24,829	17,113	17,450
Revenue	58,112	46,847	41,777	46,846	31,100
Revenue Growth (YoY)	24.05%	12.14%	-10.82%	50.63%	-31.53%
Salaries and Employee Benefits	12,136	11,267	9,857	9,002	8,852
Occupancy Expenses	-	-	1,860	1,851	2,040
Amortization of Goodwill & Intangibles	-	-	725.46	583.14	539.32
Selling, General & Administrative	13,525	13,581	8,234	8,112	7,983
Other Non-Interest Expense	4,934	5,095	1,495	2,517	298.74
Total Non-Interest Expense	28,306	28,489	22,171	22,065	19,713
EBT Excluding Unusual Items	29,806	18,359	19,606	24,780	11,387
Asset Writedown	-	-	-31.25	-30.16	-66.27
Legal Settlements	-13,318	-10,590	-	-	-1,657
Pretax Income	16,488	7,768	19,575	24,750	9,664
Income Tax Expense	2,821	-1,349	5,235	9,191	-3,787
Earnings From Continuing Operations	13,668	9,117	14,339	15,559	13,451
Minority Interest in Earnings	-190.21	-143.49	-52.38	-31.27	-32.22
Net Income	13,477	8,974	14,287	15,528	13,419
Net Income to Common	13,477	8,974	14,287	15,528	13,419
Net Income Growth	50.19%	-37.19%	-7.99%	15.72%	-18.21%
Basic Shares Outstanding	7,460	7,451	7,436	7,469	7,465
Diluted Shares Outstanding	7,460	7,451	7,436	7,469	7,465
Shares Change (YoY)	0.11%	0.20%	-0.44%	0.06%	-0.01%
EPS (Basic)	1.81	1.20	1.92	2.08	1.80
EPS (Diluted)	1.81	1.20	1.92	2.08	1.80
EPS Growth	50.02%	-37.32%	-7.58%	15.65%	-18.20%
Dividend Per Share	0.853	0.874	0.957	1.538	0.539
Dividend Growth	-2.30%	-8.70%	-37.78%	185.11%	-64.45%
Effective Tax Rate	17.11%	-	26.74%	37.13%	-

Source: S&P Capital IQ. Banks template. Financial Sources.