Santander Brasil releases transcript of Q2 2026 earnings call

Management said the credit strategy shifted toward secured lending and higher-income clients, and exposure to borrowers earning under R$ 4,000 fell about 30% in 12 months.

Provision expense totaled R$ 7.7 billion, with about R$ 700 million tied to specific wholesale cases and a new write-off methodology.

Management also flagged weaker revenue momentum, kept a 50% payout policy, guided PDD relief toward early 2027, and said the DTA turnaround is still seen in 2027-2028.

Santander Brasil released its 2Q26 earnings call transcript, led by CFO Carlos Muñiz with Q&A moderated by IR head Camila Stolf.

Recalling the quarter, management said recurring net profit reached R$ 3 billion and ROE was 12.5%. They pointed to higher credit costs and a deliberate balance-sheet rebalancing.