Reuters logo
Santander Brasil slightly beats profit forecast in first quarter
April 29, 2014 / 11:00 AM / 3 years ago

Santander Brasil slightly beats profit forecast in first quarter

SAO PAULO, April 29 (Reuters) - Banco Santander Brasil SA posted on Tuesday recurring net income of 1.427 billion reais ($637 million) in the first quarter, slightly above analyst estimates.

Recurring profit, or a measure of net income excluding one-time items, was expected at 1.404 billion reais in the quarter, according to a Reuters poll with five analysts.

Santander Brasil’s loan delinquencies, as measured by the 90-day default ratio, rose to 3.8 percent of outstanding loans in the first quarter, in line with the poll estimates.

$1 = 2.24 Brazilian reais Reporting by Guillermo Parra-Bernal

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below