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    Banks - Regional
Banco do Estado do Rio Grande do Sul S.A.

Banco do Estado do Rio Grande do Sul S.A.

BRSR5.SA
Banco do Estado do Rio Grande do Sul S.A.BR flagB3 S.A.
17.02
BRL
+0.19
- -
5.56BMarket Cap
Banco do Estado do Rio Grande do Sul S.A.
BRSR5.SA
(B3 S.A.)

Recent

price

17.02

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
9.07
10.37
11.44
11.79
13.26
15.23
17.41
18.67
19.53
19.81
18.61
17.62
17.58
18.44
20.57
21.62
21.96
Revenue per Share
1.81
2.21
2
1.94
1.69
2.08
1.61
2.57
2.56
3.29
1.78
2.32
1.75
2.13
1.78
4.19
4.31
Basic EPS, GAAP
-6.66
2.06
3.26
-10.49
-0.07
5.97
6.01
3.19
4.49
-0.78
27.31
8.42
1.52
14.04
39.81
36.2
30.08
Free Cash Flow per Basic Share
0.16
0.15
0.1
- -
0.17
0.03
- -
0.04
0.05
0.11
0.18
0.06
0.04
0.04
0.18
0.09
- -
Dividend per Share
7.09
7.82
8.56
9.17
9.78
10.39
11
11.61
10.75
12.71
12.71
12.71
12.71
12.73
19.56
20.29
20.62
Book Value per Share
9.01
10.5
11.14
12.42
13.72
15.05
12.51
14.15
15.02
16.68
18.43
20.31
21.41
22.15
24.34
27.3
27.09
Tangible Book Value per Share
409
409
409
409
409
409
409
409
409
409
409
409
409
409
409
409
409
Basic Weighted Avg Shares
3,711
4,243
4,677
4,823
5,425
6,228
7,122
7,636
7,987
8,103
7,611
7,204
7,190
7,534
8,411
8,842
8,981
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
110
112
109
65
64
53
148
189
200
211
223
245
353
371
409
407
409
Depreciation Expense
741
904
819
792
691
849
660
1,053
1,049
1,344
727
949
715
870
727
1,714
1,761
Net Income, GAAP
31.11
29.56
25.68
26.81
18.77
7.99
31.33
26.17
34.15
7.03
23
20.77
- -
7.28
4.36
14.84
15.82
Effective Tax Rate (%)
19.98
21.32
17.5
16.41
12.75
13.63
9.26
13.79
13.13
16.59
9.56
13.17
9.94
11.55
8.65
19.38
19.61
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
1,622
2,174
4,723
7,853
9,239
8,855
7,386
6,869
7,607
4,561
4,879
7,106
5,000
4,855
7,881
10,712
9,503
LT Debt
3,857
4,401
4,636
5,150
5,671
6,209
6,443
7,035
7,279
7,794
8,346
9,049
9,420
9,669
10,419
11,465
11,327
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
26.95
29.65
24.44
21.84
17.84
20.58
15.08
22.77
22.93
28.02
13.99
18.24
13.75
16.73
11.02
21.03
21.26
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
409
409
409
Market Capitalization
6,441
5,848
7,942

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
19,268
22,474
19,839
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.36%
6.59%
10.04%
Free Cash Flow
-288.58%
169.68%
-9.07%
Net Income, GAAP
16.6%
29.34%
135.67%
Sales/Revenue/Turnover
3.76%
3.2%
5.12%
Total Cash Common Dividend
- -
49.68%
-51.98%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,043
2,164
2,098
1,863
8,411
2025
2,279
2,328
2,274
1,961
8,842
2026
2,418
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.45
0.6
0.06
- -
1.78
2025
0.54
1
0.89
- -
4.19
2026
0.66
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.18
2025
- -
- -
- -
- -
0.09
2026
- -
- -
- -
- -
- -
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Business
Banco do Estado do Rio Grande do Sul S.A. operates as a comprehensive financial institution, delivering diverse banking solutions across Brazil, with international branches in Miami and Grand Cayman. The bank offers a broad portfolio of credit products, including payroll-deductible, consumer, real estate, and rural loans, alongside various debit and credit cards. Its services extend to international banking, foreign exchange, and a suite of insurance products such as personal and property coverage, capitalization bonds, and supplementary pension plans. Furthermore, Banrisul provides investment opportunities, manages consórcio groups, and functions as a key financial agent for the State of Rio Grande do Sul. The company maintains an extensive presence with over 500 agencies, numerous service points, and more than 590 ATMs throughout its operating regions. Established in 1928, its corporate headquarters are situated in Porto Alegre, Brazil.