Santander Brasil's net profit down 2% in first quarter

Banco Santander Brasil SA

29/04/2026 10:18

SAO PAULO, April 29 (Reuters) - Banco Santander Brasil's SANB3.SA first-quarter net profit fell 1.9% from a year earlier to 3.79 billion reais ($761.66 million), the lender said on Wednesday, landing below the 4.13 billion reais expected by analysts polled by LSEG.

Latin America's largest economy is a key market for the lender's Spanish parent Banco Santander SAN.MC, which reported its own results earlier in the day.

($1 = 4.9760 reais)

 (Reporting by Tiago Brandao; Writing by Gabriel Araujo and Louise Heavens)

 ((Gabriel.Araujo2@thomsonreuters.com; +55 11 5047-3352;))