Slides
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1 October 28 th , 2026 3Q26 BRGAAP Earnings Presentation
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2 This presentation may contain certain forward - looking statements and information pertaining to Banco Santander (Brasil) S . A . (“Santander Brasil”) and its subsidiaries, which reflect the current views and / or expectations of Santander Brasil and its management regarding its business performance and future events . Forward - looking statements include, without limitation, any statement that may predict, forecast, suggest or imply future results, performance or achievements, and may include terminology such as “believe”, “anticipate”, “expect”, “estimate”, “could”, “forecast”, “potential”, “will likely result”, or others that have similar meaning . Such statements are subject to numerous risks, uncertainties and assumptions . We issue a warning that a number of significant circumstances could cause actual results to significantly diverge from the plans, objectives, expectations, estimates and intentions expressed herein . We do not undertake any obligation to update or revise any forward - looking statements, whether as a result of new information, future developments or otherwise . In no event shall Santander Brasil, as well as any of its subsidiaries, affiliates, shareholders, directors, officers, employees or agents are in no way responsible for third parties (including investors) for any investment or business decision or action taken in reliance on the information and statements contained in this presentation or for any consequential, special or related damages . Aside from other considerations stated in this presentation, the following factors, among others, could cause actual results to differ materially from the forward - looking statements or historical performance . Our ability to compete effectively will depend on changes in consumer preferences and financial circumstances of our consumers and competitive conditions in the markets in which we operate, changes in economic, political and business conditions in Brazil ; government interventions leading to changes in the Brazilian economy, taxes, tariffs or regulatory environment ; our ability to compete successfully ; changes in our business ; our ability to successfully implement marketing strategies ; our identification to business opportunities ; our ability to develop and introduce new products and services ; changes in the cost of our products and operating costs ; our level of indebtedness and other financial obligations ; our ability to attract new customers ; inflation in Brazil ; the devaluation of the Brazilian Real against the U . S . Dollar and interest rate fluctuations ; current or future changes in laws and regulations ; and our ability to maintain existing business relationships and create new relationships . Disclaimer
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3 3Q26 Highlights v v Fees R$ 5.4 billion +1.6% vs. 2Q26 - 2.4% vs. 3Q25 v Net interest income R$ 15.0 billion - 2.5% vs. 2Q26 - 1.6% vs. 3Q25 v Recurring ROAE 11.9% - 0.6 p.p. vs. 2Q26 - 5.6 p.p. vs. 3Q25 v Efficiency ratio 38.8% - 0.4 p.p. vs. 2Q26 +1.3 p.p. vs. 3Q25 v Cost of risk 3.89% +0.1 p.p. vs. 2Q26 stable vs. 3Q25 Recurring net profit R$ 2.9 billion - 4.3% vs. 2Q26 - 28.0% vs. 3Q25
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4 Customer centricity 77.1 million (+6% YoY ) Total customers 34.6 million (+3% YoY) Active customers • Initial vintages concentrated among high - income clients, with a focus on primacy and profitability Pix key 1 (1) Variation calculated relative to customers not enrolled in Santander Rewards, in the third month following enrollment in the pro gram. 10.5 + p.p . Spending 1 + p.p . Investments 1 3.6 • More competitive card offering , prioritizing benefits with the highest perceived value for customers Santander Rewards • The best points - earning rate for each customer’s profile Transforming relationships into recognition + 33.9 p.p . • Intuitive experience, combining a simplified journey and integrated benefits in one place
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5 Expanded loan portfolio (R$ million) Sep/26 Sep/26 x Jun/26 Sep/25 Sep/26 x Sep/25 Individuals 261,808 -0.6% 264,317 -0.9% Credit cards 65,733 0.8% 59,863 9.8% Mortgages 79,213 2.6% 71,841 10.3% Consumer finance 1 97,147 -3.6% 89,008 9.1% SMEs 96,618 0.7% 89,022 8.5% Large Corporate 2 265,690 4.3% 246,454 7.8% TOTAL 2 721,264 0.9% 688,801 4.7% Funding from clients (R$ million) Sep/26 Sep/26 x Jun/26 Sep/25 Sep/26 x Sep/25 Demand deposits 37,990 -1.9% 42,930 -11.5% Savings deposits 49,985 -2.4% 52,776 -5.3% Time deposits 420,157 3.4% 391,572 7.3% Repo products 3 20,651 -8.4% 10,497 96.7% Real estate (LCI) and agribusiness (LCA) credit notes 92,047 1.7% 84,876 8.4% Financial bills and others 4 80,486 1.5% 76,828 4.8% TOTAL 701,316 1.9% 659,479 6.3% Loan portfolio and funding from clients (1) Excluding the Consumer Finance portfolio sale, the Consumer Finance loan portfolio would have increased 1.4% QoQ and 14.8% Yo Y, while the total loan portfolio would have increased 1.6% QoQ and 5.4% YoY. (2) Excluding FX effects, the Large Corporate loan portfolio would have increased 8.5% YoY, while the total loan portfolio would hav e increased 5.0% YoY. (3) Backed by debentures. (4) Includes notes secured by real estate and COE.
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6 NII (R$ million) 3Q26 3Q26 x 2Q26 3Q25 3Q26 x 3Q25 Client NII 15,853 -1.3% 16,556 -4.2% Product NII 14,880 -1.6% 15,452 -3.7% Average volume 630,461 0.5% 598,959 5.3% Spread (p.a.) 9.70% -0.33 p.p. 10.63% -0.94 p.p. Working capital 973 3.1% 1,104 -11.8% Market NII (895) 24.7% (1,348) -33.6% TOTAL 14,958 -2.5% 15,208 -1.6% Fees (R$ million) 3Q26 3Q26 x 2Q26 3Q25 3Q26 x 3Q25 Cards 1,695 3.5% 1,568 8.1% Insurance fees 1,189 11.8% 1,125 5.6% Current account services 791 -4.0% 892 -11.3% Credit operations 490 10.6% 522 -6.0% Asset management 599 3.1% 484 23.7% "Consórcios" 352 1.3% 291 20.8% Asset management and pension funds 247 5.8% 193 28.0% Securities brokerage and placement 228 -43.9% 426 -46.5% Collection services 269 -7.1% 283 -5.0% Others 156 76.8% 252 -38.0% TOTAL 5,417 1.6% 5,552 -2.4% 10.63% 10.46% 10.41% 10.03% 9.70% 3Q25 4Q25 1Q26 2Q26 3Q26 Spread ( p.a .) Total Income
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7 Asset quality 7,510 6,768 6,827 8,260 8,212 (986) (664) (483) (607) (752) 6,524 6,105 6,344 7,654 7,460 3Q25 4Q25 1Q26 2Q26 3Q26 3.86% 3.76% 3.73% 3.81% 3.89% Result from loan losses and cost of risk R$ million 4.9% 5.0% 5.2% 5.3% 5.2% 1.4% 1.6% 1.6% 1.5% 1.3% 3.1% 3.3% 3.4% 3.3% 3.2% Sep/25 Dec/25 Mar/26 Jun/26 Sep/26 15 - to - 90 - day - NPL 2 1.02% 0.97% 1.01% 1.00% 1.01% 3Q25 4Q25 1Q26 2Q26 3Q26 NPL formation % of loan portfolio 2 (1) Annualized 12 - month cost of risk. (2) Considers expanded loan portfolio. Over - 90 - day - NPL 2 4.2% 4.6% 4.9% 5.1% 5.5% 1.4% 1.6% 1.8% 1.6% 1.5% 2.8% 3.1% 3.3% 3.3% 3.4% Sep/25 Dec/25 Mar/26 Jun/26 Sep/26 Provision for loan losses Recovery of loans written - off as losses Cost of risk 1 Total Individuals Large Corporate and SMEs Total Individuals Large Corporate and SMEs
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8 General expenses (R$ million) 3Q26 3Q26 x 2Q26 3Q25 3Q26 x 3Q25 Personnel 2,879 -3.9% 3,005 -4.2% Administrative 2,622 -3.3% 2,575 1.8% Total expenses 5,500 -3.6% 5,580 -1.4% Depreciation and amortization 1 883 1.2% 843 4.7% TOTAL 6,383 -3.0% 6,423 -0.6% 37.5% 38.8% 37.7% 39.3% 38.8% 3Q25 4Q25 1Q26 2Q26 3Q26 Expenses Efficiency ratio (1) Excluding 100% of goodwill amortization expense, which amounted to R$ 52 million in 3Q26, R$ 56 million in 2Q26 and R$ 64 mil lio n in 3Q25. 3,005 3,044 3,050 2,995 2,879 2,575 2,743 2,694 2,711 2,622 843 846 888 872 883 6,423 6,633 6,633 6,578 6,383 3Q25 4Q25 1Q26 2Q26 3Q26 Expense evolution Personnel expenses Administrative expenses Depreciation and amortization
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9 (R$ million) 3Q26 3Q26 x 2Q26 3Q25 3Q26 x 3Q25 Net Interest Income 14,958 -2.5% 15,208 -1.6% Fees 5,417 1.6% 5,552 -2.4% Total revenues 20,375 -1.4% 20,760 -1.9% Result from loan losses (7,460) -2.5% (6,524) 14.4% General expenses (6,383) -3.0% (6,423) -0.6% Other operating income/expenses (2,485) -2.0% (2,298) 8.1% Tax expenses (1,526) 5.0% (1,420) 7.4% Others 168 n.a. 195 -14.0% Profit before taxes 2,689 6.0% 4,289 -37.3% Taxes and minority interests 196 -58.8% (280) n.a. Recurring net profit 2,885 -4.3% 4,009 -28.0% Accounting net profit 2,833 6.2% 3,944 -28.2% Results v BIS ratio 15.1% - 0.2 p.p . vs. 2Q26 - 0.1 p.p . vs. 3Q25 v CET1 10.9% - 0.3 p.p. vs. 2Q26 - 0.8 p.p . vs. 3Q25
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