Business Context and Reporting Period
This Form 6-K filing by Banco Santander (Brasil) S.A. reports on a Board of Directors meeting held on October 10, 2024. The filing announces the approval of interim dividends and interest on equity distributions based on profits calculated up to the balance sheet date of September 30, 2024. The distributions are subject to ratification by the Ordinary General Meeting of shareholders in 2025.
Key Financial Metrics: Distributions
The filing details specific cash distributions approved for shareholders, totaling R$ 1.5 billion in gross value. The filing does not provide comprehensive revenue, profit, cash flow, margin, debt, or liquidity metrics for the period.
| Share Class | Interim Dividend (R$) | Interest on Equity (Gross R$) | Interest on Equity (Net R$) |
|---|---|---|---|
| Common (ON) | 0.02555404556 | 0.16610129610 | 0.14118610169 |
| Preferred (PN) | 0.02810945011 | 0.18271142572 | 0.15530471186 |
| Unit (1 ON + 1 PN) | 0.05366349566 | 0.34881272182 | 0.29649081355 |
Total Distribution Amounts:
- Interim Dividends: R$ 200,000,000.00
- Interest on Equity (Gross): R$ 1,300,000,000.00
- Interest on Equity (Net after IRRF): R$ 1,105,000,000.00
Material Changes and Payment Details
The filing does not provide comparative financial data against prior periods to assess material changes in operational metrics. However, it establishes the following key dates and conditions for the distribution:
- Record Date: October 17, 2024 (inclusive).
- Ex-Dividend Date: October 18, 2024 (inclusive).
- Payment Date: November 08, 2024.
- Accounting Treatment: The amounts are fully considered within the mandatory dividends for the 2024 fiscal year without monetary indexation compensation.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or specific risk factors beyond the standard requirement for shareholder ratification. The distributions are approved "ad referendum" of the Ordinary General Meeting to be held in 2025. ADR holders will receive payments through The Bank of New York Mellon.
Investor Verification Checklist
- Verify shareholder registration status as of the close of business on October 17, 2024.
- Confirm the final ratification of these distributions at the 2025 Ordinary General Meeting.
- Check ADR-specific payment rules and dates via the depositary bank (www.adrbnymellon.com).
- Review the full 2024 financial statements for the underlying profit figures used to calculate the R$ 200 million dividend base.