Banco do Estado do Rio Grande do Sul S.A
Banco do Estado do Rio Grande do Sul S.A., a multiple-service bank, provides a range of banking products and services primarily in Brazil. The company engages in the retail banking, lending, financing and investment, mortgage loan, development, lease portfolio, and foreign exchange activities. It also provides securities brokerage, consortium groups, payment industry solutions, insurance, and pen… Read more
Banco do Estado do Rio Grande do Sul S.A (BRSR3) - Net Assets
Latest net assets as of December 2025: R$11.47 Billion BRL
Based on the latest financial reports, Banco do Estado do Rio Grande do Sul S.A (BRSR3) has net assets worth R$11.47 Billion BRL as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$163.86 Billion) and total liabilities (R$152.39 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$11.47 Billion |
| % of Total Assets | 7.0% |
| Annual Growth Rate | 12.17% |
| 5-Year Change | 26.71% |
| 10-Year Change | 77.94% |
| Growth Volatility | 194.17 |
Banco do Estado do Rio Grande do Sul S.A - Net Assets Trend (2004–2025)
This chart illustrates how Banco do Estado do Rio Grande do Sul S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Banco do Estado do Rio Grande do Sul S.A (2004–2025)
The table below shows the annual net assets of Banco do Estado do Rio Grande do Sul S.A from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | R$11.47 Billion | +10.10% |
| 2024-12-31 | R$10.41 Billion | +7.70% |
| 2023-12-31 | R$9.67 Billion | +2.64% |
| 2022-12-31 | R$9.42 Billion | +4.11% |
| 2021-12-31 | R$9.05 Billion | +8.42% |
| 2020-12-31 | R$8.35 Billion | -88.63% |
| 2019-12-31 | R$73.43 Billion | +908.78% |
| 2018-12-31 | R$7.28 Billion | +3.47% |
| 2017-12-31 | R$7.04 Billion | +9.18% |
| 2016-12-31 | R$6.44 Billion | +3.78% |
| 2015-12-31 | R$6.21 Billion | +9.47% |
| 2014-12-31 | R$5.67 Billion | +10.13% |
| 2013-12-31 | R$5.15 Billion | +11.07% |
| 2012-12-31 | R$4.64 Billion | +5.34% |
| 2011-12-31 | R$4.40 Billion | +14.11% |
| 2010-12-31 | R$3.86 Billion | +13.10% |
| 2009-12-31 | R$3.41 Billion | +10.63% |
| 2008-12-31 | R$3.08 Billion | +10.35% |
| 2007-12-31 | R$2.79 Billion | +115.51% |
| 2006-12-31 | R$1.30 Billion | +13.28% |
| 2005-12-31 | R$1.14 Billion | +11.38% |
| 2004-12-31 | R$1.03 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Banco do Estado do Rio Grande do Sul S.A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 877.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$3.01 Billion | 26.29% |
| Common Stock | R$8.30 Billion | 72.41% |
| Other Components | R$148.28 Million | 1.29% |
| Total Equity | R$11.46 Billion | 100.00% |
Banco do Estado do Rio Grande do Sul S.A Competitors by Market Cap
The table below lists competitors of Banco do Estado do Rio Grande do Sul S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ningbo PIA Automation Holding Corp. A
SHG:688306
|
$643.00 Million |
|
WATERDROP INC.ADS/10 CL.A
F:717
|
$643.00 Million |
|
Wuhan Fingu Electronic Technology Co Ltd
SHE:002194
|
$643.96 Million |
|
Suzhou Gold Mantis Construction Decoration Co Ltd
SHE:002081
|
$644.06 Million |
|
Zhejiang Hailide New Material Co Ltd
SHE:002206
|
$642.76 Million |
|
Grupo Simec S.A.B. de C.V
MX:SIMECB
|
$642.65 Million |
|
Qingdao Haier Biomedical Co Ltd
SHG:688139
|
$642.59 Million |
|
United International Enterprises Ltd.
LSE:0KGQ
|
$642.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Banco do Estado do Rio Grande do Sul S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,410,002,000 to 11,461,714,000, a change of 1,051,712,000 (10.1%).
- Net income of 1,713,913,000 contributed positively to equity growth.
- Dividend payments of 35,978,000 reduced retained earnings.
- Other comprehensive income increased equity by 104,261,000.
- Other factors decreased equity by 730,484,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$1.71 Billion | +14.95% |
| Dividends Paid | R$35.98 Million | -0.31% |
| Other Comprehensive Income | R$104.26 Million | +0.91% |
| Other Changes | R$-730.48 Million | -6.37% |
| Total Change | R$- | 10.10% |
Book Value vs Market Value Analysis
This analysis compares Banco do Estado do Rio Grande do Sul S.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.68x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 7.57x to 0.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | R$2.51 | R$18.98 | x |
| 2005-12-31 | R$2.80 | R$18.98 | x |
| 2006-12-31 | R$3.16 | R$18.98 | x |
| 2007-12-31 | R$6.82 | R$18.98 | x |
| 2008-12-31 | R$7.53 | R$18.98 | x |
| 2009-12-31 | R$8.33 | R$18.98 | x |
| 2010-12-31 | R$9.43 | R$18.98 | x |
| 2011-12-31 | R$10.76 | R$18.98 | x |
| 2012-12-31 | R$11.33 | R$18.98 | x |
| 2013-12-31 | R$12.59 | R$18.98 | x |
| 2014-12-31 | R$13.86 | R$18.98 | x |
| 2015-12-31 | R$15.17 | R$18.98 | x |
| 2016-12-31 | R$15.75 | R$18.98 | x |
| 2017-12-31 | R$17.19 | R$18.98 | x |
| 2018-12-31 | R$17.79 | R$18.98 | x |
| 2019-12-31 | R$19.05 | R$18.98 | x |
| 2020-12-31 | R$20.40 | R$18.98 | x |
| 2021-12-31 | R$22.12 | R$18.98 | x |
| 2022-12-31 | R$23.02 | R$18.98 | x |
| 2023-12-31 | R$23.65 | R$18.98 | x |
| 2024-12-31 | R$25.45 | R$18.98 | x |
| 2025-12-31 | R$28.03 | R$18.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Banco do Estado do Rio Grande do Sul S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.95%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.08%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 14.30x
- Recent ROE (14.95%) is below the historical average (16.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 29.55% | 9.59% | 0.26x | 11.82x | R$200.62 Million |
| 2005 | 30.79% | 9.16% | 0.27x | 12.32x | R$237.63 Million |
| 2006 | 27.95% | 9.93% | 0.23x | 12.09x | R$232.26 Million |
| 2007 | 32.84% | 24.94% | 0.18x | 7.33x | R$637.32 Million |
| 2008 | 19.20% | 12.82% | 0.18x | 8.19x | R$283.14 Million |
| 2009 | 15.88% | 10.86% | 0.17x | 8.53x | R$200.42 Million |
| 2010 | 19.23% | 13.15% | 0.18x | 8.33x | R$355.72 Million |
| 2011 | 20.56% | 13.26% | 0.18x | 8.54x | R$464.40 Million |
| 2012 | 17.66% | 11.22% | 0.16x | 10.09x | R$355.13 Million |
| 2013 | 15.38% | 10.24% | 0.15x | 10.34x | R$276.83 Million |
| 2014 | 12.20% | 7.03% | 0.17x | 10.51x | R$124.49 Million |
| 2015 | 13.68% | 6.73% | 0.19x | 10.79x | R$228.16 Million |
| 2016 | 10.24% | 5.23% | 0.18x | 10.72x | R$15.64 Million |
| 2017 | 14.98% | 8.49% | 0.17x | 10.42x | R$349.86 Million |
| 2018 | 14.41% | 8.85% | 0.15x | 10.64x | R$321.12 Million |
| 2019 | 17.25% | 11.51% | 0.14x | 10.47x | R$565.18 Million |
| 2020 | 8.72% | 6.87% | 0.12x | 11.00x | R$-106.93 Million |
| 2021 | 10.49% | 8.97% | 0.10x | 11.56x | R$43.91 Million |
| 2022 | 7.59% | 4.61% | 0.14x | 12.02x | R$-226.46 Million |
| 2023 | 9.01% | 11.55% | 0.06x | 12.94x | R$-96.10 Million |
| 2024 | 8.80% | 4.73% | 0.13x | 14.16x | R$-125.42 Million |
| 2025 | 14.95% | 7.08% | 0.15x | 14.30x | R$567.74 Million |
Industry Comparison
This section compares Banco do Estado do Rio Grande do Sul S.A's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $12,307,282,194
- Average return on equity (ROE) among peers: 13.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Banco do Estado do Rio Grande do Sul S.A (BRSR3) | R$11.47 Billion | 29.55% | 13.29x | $642.78 Million |
| Banco da Amazônia S.A (BAZA3) | $4.84 Billion | 23.18% | 6.15x | $23.06 Million |
| Banco Bradesco S.A. (BBDC3) | $59.38 Billion | 18.45% | 11.16x | $20.38 Billion |
| Banestes S.A - Banco do Estado do Espírito Santo (BEES3) | $967.68 Million | 11.36% | 13.51x | $37.47 Million |
| Banco Mercantil de Investimentos S.A (BMIN3) | $123.08 Million | 1.81% | 0.44x | $1.30 Million |
| Banco Alfa de Investimento S.A (BRIV3) | $926.01 Million | 10.83% | 12.15x | $52.75 Million |
| Inter & Co Inc (INBR32) | $2.16 Billion | 1.28% | 3.67x | $417.84 Million |
| Itaú Unibanco Holding S.A. (ITUB3) | $17.75 Billion | 26.11% | 5.51x | $39.88 Billion |