Banco Santander Brasil Files 6-K Report

TL;DR

Santander Brasil filed its 6-K, standard foreign issuer report, no major news.

AI Summary

Banco Santander (Brasil) S.A. filed a Form 6-K on February 10, 2025, for the reporting period ending December 31, 2024. The filing is a report of a foreign private issuer and does not indicate any specific financial transactions or material events within the provided text.

Why It Matters

This filing serves as an update for investors regarding the company's status as a foreign private issuer, providing routine disclosure.

Risk Assessment

Risk Level: low — The filing is a routine disclosure form for a foreign private issuer and does not contain specific financial results or material events.

Key Players & Entities

• Banco Santander (Brasil) S.A. (company) — Filer of the report
• 001-34476 (company) — SEC File Number
• 20250210 (date) — Filing date
• 20241231 (date) — Reporting period end date

FAQ

Key Financial Figures

• $70 billion — he government projected a total cut of R$70 billion over two years, but Banco Santander est
• $50 billion — er estimates a lower potential, around R$50 billion. The perception that the measures annou
• $6.32 — , reached its nominal all-time high of R$6.32US$ in December. Likewise, IPCA projecti
• $32.2 billion — following results Environmental v R$32.2 billion in sustainable businesses made viable,
• $37.7 billion — esses made viable, with a portfolio of R$37.7 billion in green bond issuances, clean energy f

Filing Documents

• bsbr_wbxbrgaapx4t24.htm (6-K) — 5521KB
• a1215ff66-b8aax4fe1x80c6x2.jpg (GRAPHIC) — 28KB
• 0001471055-25-000049.txt ( ) — 5561KB

From the Filing

Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of February, 2025 _____________________________________________ Commission File Number 001-34476 BANCO SANTANDER (BRASIL) S.A. (Exact name of registrant as specified in its charter) Avenida Presidente Juscelino Kubitschek, 2041 and 2235 Bloco A – Vila Olimpia So Paulo, SP 04543-011 Federative Republic of Brazil (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F Form 20-F ___X___ Form 40-F _______ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) Yes _______ No ___X____ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) Yes _______ No ___X____ Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934 Yes _______ No ___X____ If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b) NA Index Pag Performance Report 3 Independent auditor's report 7 Balance Sheet 14 16 17 18 22 23 25 1. Operational Context 26 2. Presentation of Financial Statements 26 3. Main Accounting Policies 28 4. Cash and Cash Equivalents 35 5. Interbank Investments 36 6. Securities and Derivative Financial Instruments 37 7. Credit Portfolio and Provision for Expected Losses Associated with Credit Risk 53 8. Exchange Portfolio 57 9. Other Financial Assets 58 10. Tax Assets and Liabilities 59 11. Other Assets 66 12. Information on Dependencies Abroad 67 13. Investments in Affiliates and Subsidiaries 68 14. Fixed Assets 72 15. Intangibles 73 16. Funding 74 17. Other Financial Liabilities 77 18. Other Liabilities 78 19. Provisions, Contingent Assets and Liabilities and Legal Obligations - Tax and Social Security 79 20. Stockholders' Equity 83 21. Related Parts 85 22. Income from Services Rendered and Banking Fees 90 23. Personnel Expenses 90 24. Other Administrative Expenses 91 25. Other Operating Income and Expenses 91 26. Non-Operating Income 92 27. Employee Benefits Plan 93 28. Risk Management, Capital and Sensitivity Ana 104 29. Corporate Restructuring 108 30. Other information 110 31. Subsequent Events 113 Composition of Management Bodies as of December 31,2024 114 Directors' Statement on the financial statements 116 Directors' Statement on the Independent Auditors' Report 117 Audit Committee Report 118 *Values expressed in thousands, except when indicated. Performance Report To the Shareholders We present the Performance Commentary to the Individual and Consolidated Financial Statements of Banco Santander (Brasil) S.A. (Banco Santander or Bank) for the year ended December 31, 2024, prepared in accordance with accounting practices adopted in Brazil, established by Corporation Law, in conjunction with the rules of the National Monetary Council (CMN), the Brazilian Central Bank (Bacen) and the document model provided for in the Accounting Plan of Institutions of the National Financial System (Cosif) and the Securities and Exchange Commission (CVM), which do not conflict with the rules issued by Bacen. The Consolidated Financial Statements prepared based on the international accounting standard issued by the International Accounting Standards Board (IASB) for the year ended December 31, 2024 will be published on the website www.santander.com.brri. 1. Economic Situation v Economic performance was highlighted by the following themes In the international environment v Trump's significant victory in the US presidential elections, with the so-called "red-sweep", which means the predominance of the Republican Party, both in the Senate and in the House of Representatives. This fact should reinforce the campaign proposals, bringing challenges to trade partnerships with tariff impositions, with significant impacts on global growth. In addition, the resilience of the US economy, together with inflation still above the target, is putting pressure on the US Central Bank (Fed) to adopt a more cautious stance, signaling fewer interest rate cuts, and at a slower pace, for 2025. v The geopolitical scenario continues with different points of tension in Europe, the Middle East and Asia. This environment, combined with the uncertainties surrounding the new North American leadership, intensifies doubts about global growth. v Announcement of monetary stimulus and

View Full Filing

View this 6-K filing on SEC EDGAR