Santander Brasil Q1 net income in line with estimates, provisions rise

Banco Santander Brasil SA

26/04/2022 07:44

SAO PAULO, April 26 (Reuters) - Brazilian lender Banco
Santander Brasil SA  SANB11.SA  on Tuesday posted a first
quarter net income roughly in line with consensus and up a
slight 3.2 from the previous three months, even as provisions
for loan losses rose by 24.9% in the period.
    The Brazilian unit of Spain's Banco Santander SA  SAN.MC 
reported net income rose 1.3% from a year earlier to 4.005
billion reais  ($821.17 million), compared with a consensus of
4.026 billion from analysts polled by Refinitiv.

($1 = 4.8772 reais)

 (Reporting by Gabriel Araujo, Editing by Louise Heavens)
 ((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))