Banco Santander, S.A. (BNC) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Thank you for joining us for our fourth quarter 2025 earnings video conference call. We are live from our headquarters in São Paulo and we will divide this event into three parts. First, Mário Leão will address the main highlights of the quarter and the directions for growth in the coming periods. Gustavo Alejo will provide a detailed analysis of our performance. And finally, we'll have our Q&A session. I will now give you some instructions. We have three audio options on the screen. All the content in Portuguese, all the content in English, or the original audio. To choose your option, just click on the button in the bottom center of your screen to ask a question click the raise hand icon at the bottom of your screen the presentation we are about to give is now available for download on our ir website and now i'll turn the floor to mario to start the presentation good morning mario good morning camilla good morning everyone it's a great pleasure for me to be here to give you the wrap-up of 2025, because 26 is already in its second month. I would like to start by highlighting the main numbers. And as you can see, we deliver a sequential performance or net income of $4.1 billion. almost six percent year and year and 1.9 percent quarter on quarter so we maintain profitability at 17.6 meaning that with everything that i will tell you further on we will see that this is an intermediary step in our journey towards 20 plus of profitability and we can elaborate more on that further on and we do that with a growing customer base about 4.5 million clients we will tell you that it's 64 million, rounding it up. And the main thing that we will tell you about has to do with an NII that grows 0.8 in the quarter, and year on year is down due to the markets, ...