Santander Brasil reports 9.4% rise in Q4 profit

Banco Santander Brasil SA reported a 9.4% rise in fourth-quarter net income from a year earlier, mainly due to consumer lending and fees. Recurring net income, which excludes one-off items, came in at 3.726 billion reais ($890.83 million), roughly in line with the 3.859 billion reais analysts were expecting, according to Refinitiv data. ($1 = 4.1975 reais).

Source: Reuters