Santander Brasil 2Q26 recurring net profit drops 20.4% to R$ 3.01 billion; revenue slips 2.7% to R$ 20.68 billion - SAN News | RalliesSantander Brasil 2Q26 recurring net profit drops 20.4% to R$ 3.01 billion; revenue slips 2.7% to R$ 20.68 billion
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SAN• 2Q26 results and key metrics
- 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.
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