BSBR - Banco Santander (Brasil) S.A. (BSBR) Q4 2024 Earnings Call Transcript
2025-02-05 14:44:10 ET
Banco Santander (Brasil) S.A. (BSBR)
Q4 2024 Earnings Conference Call
February 05, 2025, 08:00 AM ET
Company Participants
Camila Toledo - Head of IR and Market Intelligence
Mario Leão - CEO
Gustavo Alejo Viviani - EVP and CFO
Conference Call Participants
Bernardo Guttmann - XP Investments
Eduardo Nishio - Genial
Pedro Leduc - Itau BBA
Daniel Vaz - Safra Bank
Eric Ito - Bradesco BBI
Gustavo Schroden - Citi
Mario Pierry - Bank of America
Thiago Batista - UBS
Yuri Fernandes - JPMorgan
Presentation
Camila Toledo
Good morning, everyone, and thank you for joining us for our 2024 Closing Results Video Conference.
We are live from our headquarters in Sao Paulo, and we will be dividing this event into three parts. First, our CEO, Mario Leão, will talk about the main highlights of the year and the directions for our growth in the coming quarters. Next, our CFO, Gustavo Alejo will present a detailed analysis of our performance. And finally, we will 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 an option, just click on the button at the bottom center of your screen. If you have questions, click on the hand icon at the bottom of your screen. The presentation we are about to give is now available to download from our IR website.
And now, I'll hand over to Mario to start the presentation. Good morning, Mario.
Mario Leão
Good morning, Camila. Thank you. Good morning, everyone. It's a pleasure for me to be here once again to talk about the closing of 2024 and the fourth quarter results. We're here live from our headquarters, it's 10:01. I would like to start by highlighting, as we always do, I mean the overview of the quarter and also consolidated figures for the year-end.
Starting with the numbers, as you already noticed, we delivered BRL3.87 billion or BRL3.9 billion in net income. This is another step towards the right direction. It's a number that grows quarter-on-quarter. In the inter-annual comparison, this number grows even more. And so more than the result itself, which is positive. We also grow in the way we generate the results. We will have the opportunity to share with you the quality behind the numbers and we are very pleased to deliver that profitability. This is a clear note that how we are growing. We are growing 17.6%. This is a good evolution quarter-on-quarter and the evolution that will come of many percentage points.
And how do we do that? Well, here we highlight just a few ways. We have a very strong growth in our NII, over 100% in terms of inter-annual, even more 16%. We will give you more details further on. And this represents gains in terms of assets and liabilities or funding. This has to do with our deposit accounts, but this is a disseminated growth with great pricing discipline and great discipline to grow our balance sheet in a very correct and technical way, seeking for profitability, quarter-on-quarter.
Fees, great strategic focus and we've been talking about that consistently has we posted consistent growth in almost all lines quarter-on-quarter and year-on-year. We have good discipline on the cost of risk. Our cost of risk is coming down and we will be able to give you more details about that for every portfolio and we have a good discipline in terms of capital allocation with a growth agenda, but not linear, but it's very much focused on the segments where we want to grow more....
Banco Santander (Brasil) S.A. (BSBR) Q4 2024 Earnings Call Transcript