Business
PagBank reports recurring net income of R$ 575 million in 1Q26, driven by revenue growth and efficiency gains
PagBank (NYSE: PAGS), one of Brazil's largest digital banking platforms and a specialist in serving Brazilian entrepreneurs, announces its results for the first quarter of 2026 (1Q26).
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[{"type":"text","content":"Digital banking platform surpasses R$ 42 billion in deposits and R$ 5 billion in loan portfolio, supported by the expansion of its banking platform and operating leverage during the period","length":188,"tagName":"p","attribs":{}},{"type":"image","alt":"(Credit: PagBank)","displaySize":"","headline":null,"caption":"(Credit: PagBank)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":225,"url":"https://media.zenfs.com/en/prnewswire.com/fa87856b28fa13042943e893a436786f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/rdS1avVqZB9EicGCecyxPQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/fa87856b28fa13042943e893a436786f","width":400,"height":225},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/fK5sge3YIMyK34gotkG5jA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTM2MDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/fa87856b28fa13042943e893a436786f","width":400,"height":225}},"href":"https://mma.prnewswire.com/media/2978572/1T26_Sede_PagBank.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"SÃO PAULO, May 13, 2026 /PRNewswire/ -- PagBank (NYSE: PAGS), one of Brazil's largest digital banking platforms and a specialist in serving Brazilian entrepreneurs, announces its results for the first quarter of 2026 (1Q26).","length":228,"tagName":"p"},{"type":"text","content":"During the quarter, recurring net income totaled R$ 575 million, up 4% year over year.","length":86,"tagName":"p"},{"type":"text","content":""We started the year with consistent results, even amid a more challenging macroeconomic environment, reinforcing the strength of our strategy and execution discipline. The period was marked by revenue expansion, the continued advancement of our banking platform, as well as efficiency gains and operating leverage," says Gustavo Sechin, CFO of PagBank.","length":363,"tagName":"p"},{"type":"text","content":"Net revenue reached R$ 3.3 billion in the quarter, representing 6% growth compared to the same period last year, mainly driven by accelerated growth in the banking platform.","length":173,"tagName":"p"},{"type":"text","content":"The highlight remained the strong growth in banking revenue, which expanded by 41% year over year. As a result, ROAE increased to 15.8%, up 80 basis points from the previous year, reinforcing t...