Santander Brasil 2Q26 recurring net profit drops 20.4% to R$ 3.01 billion; revenue slips 2.7% to R$ 20.68 billion

• Santander Brasil posted 2Q26 recurring managerial net income of R$ 3.01 billion, down 20.4% from 1Q26.
• Reported net income fell 28.4% to R$ 2.67 billion, while profit before taxes dropped 44.6% to R$ 2.54 billion.
• Revenue slipped 2.7% to R$ 20.68 billion, while loan-loss provisions worsened 20.6% to R$ 7.65 billion.
• Net interest income edged down 3% to R$ 15.34 billion; fee income eased 1.9% to R$ 5.33 billion.
• Management flagged a challenging macro backdrop, citing higher household leverage and elevated interest rates.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Banco Santander (Brasil) SA published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein.