Banco do Estado do Rio Grande do Sul S.A (BRSR3) - Net Assets
Based on the latest financial reports, Banco do Estado do Rio Grande do Sul S.A (BRSR3) has net assets worth R$11.66 Billion BRL (≈ $2.29 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$163.97 Billion ≈ $32.17 Billion USD) and total liabilities (R$152.31 Billion ≈ $29.89 Billion USD). 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. Check BRSR3 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$11.66 Billion |
| % of Total Assets | 7.11% |
| Annual Growth Rate | 12.17% |
| 5-Year Change | 26.71% |
| 10-Year Change | 77.94% |
| Growth Volatility | 194.16 |
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. For live market cap and overall valuation, see Banco do Estado do Rio Grande do Sul S.A (BRSR3) total market value.
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. Also explore net asset growth rate of Banco do Estado do Rio Grande do Sul S.A to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | R$11.47 Billion ≈ $2.25 Billion |
+10.10% |
| 2024-12-31 | R$10.41 Billion ≈ $2.04 Billion |
+5.55% |
| 2023-12-31 | R$9.87 Billion ≈ $1.94 Billion |
+4.73% |
| 2022-12-31 | R$9.42 Billion ≈ $1.85 Billion |
+4.11% |
| 2021-12-31 | R$9.05 Billion ≈ $1.78 Billion |
+8.42% |
| 2020-12-31 | R$8.35 Billion ≈ $1.64 Billion |
-88.63% |
| 2019-12-31 | R$73.43 Billion ≈ $14.41 Billion |
+908.78% |
| 2018-12-31 | R$7.28 Billion ≈ $1.43 Billion |
+3.47% |
| 2017-12-31 | R$7.04 Billion ≈ $1.38 Billion |
+9.18% |
| 2016-12-31 | R$6.44 Billion ≈ $1.26 Billion |
+3.78% |
| 2015-12-31 | R$6.21 Billion ≈ $1.22 Billion |
+9.47% |
| 2014-12-31 | R$5.67 Billion ≈ $1.11 Billion |
+10.13% |
| 2013-12-31 | R$5.15 Billion ≈ $1.01 Billion |
+11.07% |
| 2012-12-31 | R$4.64 Billion ≈ $909.73 Million |
+5.34% |
| 2011-12-31 | R$4.40 Billion ≈ $863.58 Million |
+14.11% |
| 2010-12-31 | R$3.86 Billion ≈ $756.80 Million |
+13.10% |
| 2009-12-31 | R$3.41 Billion ≈ $669.13 Million |
+10.75% |
| 2008-12-31 | R$3.08 Billion ≈ $604.18 Million |
+10.28% |
| 2007-12-31 | R$2.79 Billion ≈ $547.84 Million |
+115.40% |
| 2006-12-31 | R$1.30 Billion ≈ $254.33 Million |
+13.28% |
| 2005-12-31 | R$1.14 Billion ≈ $224.52 Million |
+11.38% |
| 2004-12-31 | R$1.03 Billion ≈ $201.57 Million |
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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 967.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$3.29 Billion | 28.71% |
| Common Stock | R$8.30 Billion | 72.41% |
| Other Comprehensive Income | R$-128.61 Million | -1.12% |
| 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 |
|---|---|
|
Zhejiang Vie Science & Technology Co Ltd
SHE:002590
|
$722.32 Million |
|
ShuYu Civilian Pharmacy Corp. Ltd.
SHE:301017
|
$722.33 Million |
|
Beijing Telesound Electronics Co Ltd
SHE:003004
|
$722.45 Million |
|
Whirlpool S.A
SA:WHRL3
|
$722.62 Million |
|
Kodiak AI, Inc. Common Stock
NASDAQ:KDK
|
$722.23 Million |
|
CFM Indosuez Wealth SA
PA:MLCFM
|
$721.98 Million |
|
Recticel
BR:RECT
|
$721.75 Million |
|
Platzer Fastigheter Holding AB (publ)
ST:PLAZ-B
|
$721.68 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 decreased equity by 24,350,000.
- Other factors decreased equity by 601,873,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$1.71 Billion | +14.95% |
| Dividends Paid | R$35.98 Million | -0.31% |
| Other Comprehensive Income | R$-24.35 Million | -0.21% |
| Other Changes | R$-601.87 Million | -5.25% |
| Total Change | R$- | 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: 0.64x
- 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 7.16x to 0.64x 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$17.95 | x |
| 2005-12-31 | R$2.80 | R$17.95 | x |
| 2006-12-31 | R$3.17 | R$17.95 | x |
| 2007-12-31 | R$6.82 | R$17.95 | x |
| 2008-12-31 | R$7.52 | R$17.95 | x |
| 2009-12-31 | R$8.33 | R$17.95 | x |
| 2010-12-31 | R$9.43 | R$17.95 | x |
| 2011-12-31 | R$10.76 | R$17.95 | x |
| 2012-12-31 | R$11.33 | R$17.95 | x |
| 2013-12-31 | R$12.59 | R$17.95 | x |
| 2014-12-31 | R$13.86 | R$17.95 | x |
| 2015-12-31 | R$15.17 | R$17.95 | x |
| 2016-12-31 | R$15.75 | R$17.95 | x |
| 2017-12-31 | R$17.19 | R$17.95 | x |
| 2018-12-31 | R$17.79 | R$17.95 | x |
| 2019-12-31 | R$19.05 | R$17.95 | x |
| 2020-12-31 | R$20.40 | R$17.95 | x |
| 2021-12-31 | R$22.12 | R$17.95 | x |
| 2022-12-31 | R$23.02 | R$17.95 | x |
| 2023-12-31 | R$24.11 | R$17.95 | x |
| 2024-12-31 | R$25.45 | R$17.95 | x |
| 2025-12-31 | R$28.03 | R$17.95 | 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: 7.22%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 14.30x
- Recent ROE (14.95%) is below the historical average (16.79%), 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% | 14.35% | 0.17x | 11.82x | R$200.62 Million |
| 2005 | 30.79% | 13.65% | 0.18x | 12.32x | R$237.63 Million |
| 2006 | 27.93% | 13.06% | 0.18x | 12.08x | R$232.15 Million |
| 2007 | 32.84% | 41.51% | 0.11x | 7.34x | R$637.32 Million |
| 2008 | 19.21% | 24.08% | 0.10x | 8.19x | R$283.29 Million |
| 2009 | 15.88% | 19.04% | 0.10x | 8.53x | R$200.42 Million |
| 2010 | 19.23% | 22.84% | 0.10x | 8.33x | R$355.94 Million |
| 2011 | 20.56% | 21.67% | 0.11x | 8.54x | R$464.40 Million |
| 2012 | 17.66% | 17.42% | 0.10x | 10.09x | R$355.13 Million |
| 2013 | 15.38% | 16.43% | 0.09x | 10.34x | R$276.83 Million |
| 2014 | 12.20% | 12.75% | 0.09x | 10.51x | R$124.49 Million |
| 2015 | 13.68% | 13.63% | 0.09x | 10.79x | R$228.16 Million |
| 2016 | 10.24% | 9.26% | 0.10x | 10.72x | R$15.64 Million |
| 2017 | 14.98% | 13.79% | 0.10x | 10.42x | R$349.86 Million |
| 2018 | 14.41% | 13.15% | 0.10x | 10.64x | R$321.12 Million |
| 2019 | 17.25% | 16.56% | 0.10x | 10.47x | R$565.18 Million |
| 2020 | 8.72% | 9.56% | 0.08x | 11.00x | R$-106.93 Million |
| 2021 | 10.49% | 13.17% | 0.07x | 11.56x | R$43.91 Million |
| 2022 | 7.59% | 9.94% | 0.06x | 12.02x | R$-226.46 Million |
| 2023 | 8.83% | 13.69% | 0.05x | 12.75x | R$-115.79 Million |
| 2024 | 6.99% | 11.25% | 0.04x | 14.16x | R$-313.75 Million |
| 2025 | 14.95% | 7.22% | 0.14x | 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: $38,106,238,429
- Average return on equity (ROE) among peers: 10.69%
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$11.66 Billion | 29.55% | 13.07x | $722.26 Million |
| Banco da Amazônia S.A (BAZA3) | $1.82 Billion | 9.90% | 2.37x | $759.64 Million |
| Banco do Brasil S.A. (BBAS3) | $98.72 Billion | 11.15% | 12.87x | $25.44 Billion |
| Banco Bradesco S.A. (BBDC3) | $11.05 Billion | 19.37% | 10.75x | $16.71 Billion |
| Banestes S.A - Banco do Estado do Espírito Santo (BEES3) | $86.72 Million | 8.82% | 20.60x | $448.24 Million |
| Banco Mercantil do Brasil S.A (BMEB3) | $810.37 Million | 3.24% | 10.96x | $811.93 Million |
| Banco do Nordeste do Brasil S.A (BNBR3) | $2.18 Billion | 14.40% | 9.92x | $2.23 Billion |
| Banco Alfa de Investimento S.A (BRIV3) | $1.15 Billion | 6.24% | 7.15x | $134.78 Million |
| Itaú Unibanco Holding S.A. (ITUB3) | $148.01 Billion | 16.15% | 8.70x | $51.44 Billion |
| Banco Santander (Brasil) S.A. (SANB11) | $79.14 Billion | 6.93% | 4.34x | $21.83 Billion |
About 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