Banco Santander Brasil stock reports a director resignation
Published on 10/08/2026 at 00:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Banco Santander Brasil stock was trading at USD 5.92 on the NYSE on October 7, 2026 at 12:00 p.m. ET, down 1.09 percent from the prior close of USD 5.98. The latest company filing disclosed a director resignation request dated September 25, with the filing published on October 2.
Director resignation enters the record
According to StockTitan on October 2, 2026, the board unanimously acknowledged Cristina San Jose Brosa's request to resign from the Board of Directors and the Risk and Compliance Committee. The board's minutes state that the request was acknowledged at a September 25 meeting.
The filing describes a governance change rather than an operating update. For investors, its importance sits alongside the proposed exchange offers that are reshaping the bank's ownership and the trading profile of its US-listed ADR.
Profitability faces a credit cost test
According to Investing.com in its September 15, 2026 report, Santander Brasil posted recurring net income of BRL 3.0 billion for Q2 2026 and return on average equity of 12.5 percent. The same report identified BRL 700 million of one-off loan-loss provisions linked to wholesale cases and a new write-off methodology.
Those figures show the central operating trade-off: recurring profit remained substantial, while credit costs reduced profitability. The bank's Q2 2026 consolidated net income was BRL 2.96 billion, and basic earnings per share were USD 0.39 for the quarter.
HSBC cuts its target
Investing.com reported on September 15, 2026 that HSBC downgraded Santander Brasil to Hold from Buy and cut its price target to BRL 31.00 from BRL 36.00. HSBC cited expected pressure on stock liquidity from the parent company's exchange offer.
The market picture is more restrained than the target comparison alone suggests. At USD 5.92, BSBR stood 19.1 percent below its 52-week high of USD 7.32 and above its 52-week low of USD 4.94 on October 7, 2026. Trading volume reached 1.73 million shares, giving the session a concrete liquidity reference.
Stock stays below its yearly high
Banco Santander Brasil stock was last at USD 5.92 on the NYSE on October 7, 2026 at 12:00 p.m. ET, with a daily change of minus 1.09 percent.
Banco Santander Brasil stock facts
- Company: Banco Santander (Brasil) S.A.
- ISIN: US05967A1079
- Ticker: BSBR
- Trading venue: NYSE
- Price (as of October 7, 2026, 12:00 p.m. ET): USD 5.92
- Market capitalization: USD 44.3 billion (as of October 7, 2026)
- 52-week range: USD 4.94-7.32 (as of October 7, 2026)
- Sector / Industry: Financial Services / Regional Banks
Upcoming dates for Banco Santander Brasil stock
- October 28, 2026: Third-quarter 2026 results
