Banco Santander (Brasil) S.A. (SANB3) - Net Assets
Based on the latest financial reports, Banco Santander (Brasil) S.A. (SANB3) has net assets worth R$123.85 Billion BRL (≈ $24.30 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$1.26 Trillion ≈ $247.90 Billion USD) and total liabilities (R$1.14 Trillion ≈ $223.59 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. Also explore how large is Banco Santander (Brasil) S.A.'s balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$123.85 Billion |
| % of Total Assets | 9.8% |
| Annual Growth Rate | 3.52% |
| 5-Year Change | 12.97% |
| 10-Year Change | 50.49% |
| Growth Volatility | 3.31 |
Banco Santander (Brasil) S.A. - Net Assets Trend (2013–2024)
This chart illustrates how Banco Santander (Brasil) S.A.'s net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Banco Santander (Brasil) S.A. to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Banco Santander (Brasil) S.A. (2013–2024)
The table below shows the annual net assets of Banco Santander (Brasil) S.A. from 2013 to 2024. For live valuation and market cap data, see Banco Santander (Brasil) S.A. stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$119.49 Billion ≈ $23.45 Billion |
+4.40% |
| 2023-12-31 | R$114.45 Billion ≈ $22.46 Billion |
+3.88% |
| 2022-12-31 | R$110.18 Billion ≈ $21.62 Billion |
+3.97% |
| 2021-12-31 | R$105.97 Billion ≈ $20.79 Billion |
+0.19% |
| 2020-12-31 | R$105.78 Billion ≈ $20.76 Billion |
+9.44% |
| 2019-12-31 | R$96.65 Billion ≈ $18.96 Billion |
+6.21% |
| 2018-12-31 | R$91.00 Billion ≈ $17.86 Billion |
+5.02% |
| 2017-12-31 | R$86.65 Billion ≈ $17.00 Billion |
+3.05% |
| 2016-12-31 | R$84.09 Billion ≈ $16.50 Billion |
+5.90% |
| 2015-12-31 | R$79.40 Billion ≈ $15.58 Billion |
+0.91% |
| 2014-12-31 | R$78.68 Billion ≈ $15.44 Billion |
-3.64% |
| 2013-12-31 | R$81.66 Billion ≈ $16.02 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Banco Santander (Brasil) 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 1768.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$62.08 Billion | 51.96% |
| Common Stock | R$65.00 Billion | 54.40% |
| Total Equity | R$119.49 Billion | 100.00% |
Banco Santander (Brasil) S.A. Competitors by Market Cap
The table below lists competitors of Banco Santander (Brasil) S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Railway Construction Corp Ltd
SHG:601186
|
$10.79 Billion |
|
Samsung SDS Co Ltd
KO:018260
|
$10.80 Billion |
|
TURKIYE GARANTI BANKASI AS
F:GBKB
|
$10.80 Billion |
|
Belimo Holding
SW:BEAN
|
$10.81 Billion |
|
Doosan Corp.
KO:000150
|
$10.79 Billion |
|
JSW Energy Limited
NSE:JSWENERGY
|
$10.77 Billion |
|
RAIFFEIS. UNSPON.ADR/1/4
F:RAW0
|
$10.77 Billion |
|
Alcoa Corp
NYSE:AA
|
$10.77 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Banco Santander (Brasil) S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 114,453,004,000 to 119,491,685,000, a change of 5,038,681,000 (4.4%).
- Net income of 13,365,506,000 contributed positively to equity growth.
- Dividend payments of 5,618,714,000 reduced retained earnings.
- Share repurchases of 222,076,000 reduced equity.
- Other factors decreased equity by 2,486,035,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$13.37 Billion | +11.19% |
| Dividends Paid | R$5.62 Billion | -4.7% |
| Share Repurchases | R$222.08 Million | -0.19% |
| Other Changes | R$-2.49 Billion | -2.08% |
| Total Change | R$- | 4.40% |
Book Value vs Market Value Analysis
This analysis compares Banco Santander (Brasil) 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: 0.90x
- 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 1.29x to 0.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | R$11.19 | R$14.45 | x |
| 2017-12-31 | R$11.57 | R$14.45 | x |
| 2018-12-31 | R$12.18 | R$14.45 | x |
| 2019-12-31 | R$12.89 | R$14.45 | x |
| 2020-12-31 | R$14.11 | R$14.45 | x |
| 2021-12-31 | R$14.15 | R$14.45 | x |
| 2022-12-31 | R$14.82 | R$14.45 | x |
| 2023-12-31 | R$15.37 | R$14.45 | x |
| 2024-12-31 | R$16.02 | R$14.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Banco Santander (Brasil) S.A. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.19%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.55%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 10.37x
- Recent ROE (11.19%) is below the historical average (11.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 7.03% | 25.83% | 0.05x | 5.57x | R$-2.41 Billion |
| 2014 | 7.19% | 23.60% | 0.05x | 6.64x | R$-2.20 Billion |
| 2015 | 12.32% | 52.79% | 0.03x | 7.62x | R$1.84 Billion |
| 2016 | 8.72% | 20.46% | 0.06x | 7.54x | R$-1.07 Billion |
| 2017 | 10.30% | 24.18% | 0.06x | 7.45x | R$258.99 Million |
| 2018 | 13.83% | 33.33% | 0.05x | 7.95x | R$3.48 Billion |
| 2019 | 16.98% | 35.41% | 0.06x | 7.89x | R$6.74 Billion |
| 2020 | 12.69% | 42.57% | 0.03x | 8.85x | R$2.84 Billion |
| 2021 | 14.70% | 31.87% | 0.05x | 8.81x | R$4.96 Billion |
| 2022 | 12.97% | 33.01% | 0.04x | 8.94x | R$3.27 Billion |
| 2023 | 8.26% | 23.64% | 0.04x | 9.75x | R$-2.00 Billion |
| 2024 | 11.19% | 27.55% | 0.04x | 10.37x | R$1.42 Billion |
Industry Comparison
This section compares Banco Santander (Brasil) S.A.'s net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $57,263,738,200
- Average return on equity (ROE) among peers: 11.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Banco Santander (Brasil) S.A. (SANB3) | R$123.85 Billion | 7.03% | 9.20x | $10.79 Billion |
| Banco da Amazônia S.A (BAZA3) | $1.64 Billion | 15.36% | 1.70x | $692.87 Million |
| Banco do Brasil S.A. (BBAS3) | $184.24 Billion | 14.31% | 12.02x | $23.91 Billion |
| Banco Bradesco S.A. (BBDC3) | $167.01 Billion | 8.53% | 10.54x | $16.61 Billion |
| Banestes S.A - Banco do Estado do Espírito Santo (BEES3) | $967.68 Million | 11.36% | 13.51x | $435.78 Million |
| Banco Mercantil do Brasil S.A (BMEB3) | $2.33 Billion | 26.55% | 14.25x | $808.97 Million |
| Banco do Nordeste do Brasil S.A (BNBR3) | $2.33 Billion | 13.51% | 10.35x | $2.25 Billion |
| Banco Alfa de Investimento S.A (BRIV3) | $1.41 Billion | 5.52% | 7.98x | $134.78 Million |
| Banco do Estado do Rio Grande do Sul S.A (BRSR3) | $8.35 Billion | 8.72% | 10.00x | $712.60 Million |
| Itaú Unibanco Holding S.A. (ITUB3) | $154.53 Billion | 9.75% | 12.07x | $50.31 Billion |
| Banco Santander (Brasil) S.A. (SANB11) | $49.84 Billion | 4.77% | 4.90x | $20.98 Billion |
About Banco Santander (Brasil) S.A.
Banco Santander (Brasil) S.A., together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. It operates in Commercial Banking and Global Wholesale Banking segments. The company offers payroll and real estate loans; home equity financing solutions; a microfinance program; consorti… Read more