Banrisul Management Commentary: Higher Credit Losses Drive 52% Drop in Q3 2026 Net Income

• Banrisul's management commentary attributed Q3 2026 net income's 52% decline to BRL 157.8 million primarily to higher credit losses and expenses.
• Nine-month net income fell 25.7% to BRL 704.8 million, reflecting increased credit losses, administrative expenses and renegotiation discounts.
• Net expected credit losses rose 56.3% to BRL 1.11 billion, driven by loan portfolio growth and increased overdue balances.
• Net interest income increased BRL 227.2 million, supported by securities income and a shift toward higher-spread commercial lending.
• Administrative expenses increased BRL 317.3 million; a BRL 365 million reduction in tax, labor and civil provisions partially offset earnings pressure.

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. BANRISUL - Banco do Estado do Rio Grande do Sul SA published the original content used to generate this news brief on November 12, 2026, and is solely responsible for the information contained therein.