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

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

BRSR6.SA
Banco do Estado do Rio Grande do Sul S.A.BR flagB3 S.A.
13.91
BRL
-0.10
- -
7.16BMarket Cap
Banco do Estado do Rio Grande do Sul S.A.
BRSR6.SA
(B3 S.A.)

Recent

price

13.91

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
4,887
6,233
7,055

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
- -
- -
- -
- -
- -
Business
Banco do Estado do Rio Grande do Sul S.A. (Banrisul) operates as a multiple-service bank focused on retail, commercial, agribusiness, payroll, real estate, and development financing in Brazil. The bank provides deposit accounts, personal and corporate loans, credit cards, overdraft facilities, financing for vehicles, machinery, equipment, and rural properties; investment products including fixed income, equity, and multimarket funds; brokerage services for spot, options, forward, and futures markets on B3, as well as Treasury Direct; insurance, private pensions, and capitalization bonds through Banrisul Seguridade; payment solutions via the Vero acquiring network for credit, debit, prepaid/postpaid cards, and Pix, plus BanriCard vouchers for meals and food benefits; consortium plans for automobiles, motorcycles, real estate, services, furniture, and movable goods up to 200 months; payroll loans via affiliate Bem Promotora; storage, logistics, and dry port services through Banrisul Armazéns Gerais; and electronic document management. Founded in 1928 and headquartered in Porto Alegre, Rio Grande do Sul, Banrisul maintains the largest branch network in southern Brazil, with over 1,300 service points, 500 agencies, and 593 ATMs across Rio Grande do Sul, Paraná, Santa Catarina, São Paulo, Rio de Janeiro, and the Federal District, plus international offices in Miami and Grand Cayman; it ranks among Brazil's top 20 banks by credit operations, deposits, equity, and net income, with State of Rio Grande do Sul as its majority shareholder. Recent developments include the August 2022 rebranding of Banrisul Cartões S.A. to Banrisul Pagamentos S.A. to expand payment offerings; the June 2024 pilot and subsequent statewide expansion of a fully digital account opening via app in Rio Grande do Sul and select Santa Catarina areas; launches of digital discounting and self-service digital products achieving balances near 150 million reais; a September 2025 partnership announcement with Wiz Co.; subordinated debt issuance of about 300 million reais planned for early 2026; and reinforced commercial focus with BNDES refinancings nearing 100 million reais, alongside preparations for 14-15 billion reais in state infrastructure investments in 2025.