Business Context and Reporting Period
This Form 6-K filing by Banco Santander (Brasil) S.A. reports on a corporate action approved by the Board of Directors on April 10, 2024. The filing announces the declaration and payment of Interest on Equity (JCP) for the period ending April 19, 2024, with payment scheduled for May 15, 2024.
Key Financial Metrics
The filing details the distribution of Interest on Equity derived from the Dividend Equalization Reserve. It does not provide comprehensive financial statements such as revenue, net profit, operating cash flow, margins, debt levels, or liquidity ratios for the period.
| Metric | Value |
|---|---|
| Total Gross Interest on Equity | R$ 1,500,000,000.00 |
| Total Net Interest on Equity (after IRRF) | R$ 1,275,000,000.00 |
| Per Share (ON - Common) Gross | R$ 0.19161861696 |
| Per Share (ON - Common) Net | R$ 0.16287582442 |
| Per Share (PN - Preferred) Gross | R$ 0.21078047866 |
| Per Share (PN - Preferred) Net | R$ 0.17916340686 |
| Per Unit (1 ON + 1 PN) Gross | R$ 0.40239909562 |
| Per Unit (1 ON + 1 PN) Net | R$ 0.34203923128 |
Material Changes
The filing does not provide comparative financial data against prior periods to assess material changes in revenue, earnings, or balance sheet items. The primary material event is the declaration of the R$ 1.5 billion gross distribution.
Guidance, Outlook, and Management Commentary
Management commentary is limited to the mechanics of the distribution. The Board approved the proposal ad referendum of the Ordinary General Meeting of shareholders to be held in 2025. The distribution is fully considered within the mandatory dividends to be distributed for the year 2024 and will not be subject to monetary indexation. No forward-looking guidance on earnings or economic outlook is provided in this document.
Important Facts for Investors to Verify
- Record Date: Shareholders must be registered in the company's books by the end of April 19, 2024, to be entitled to the distribution.
- Ex-Dividend Date: Shares will trade "Ex-Interest on Equity" starting April 22, 2024.
- Payment Date: Payments are scheduled for May 15, 2024.
- ADR Holders: Payments for American Depositary Receipts (ADRs) will be handled by The Bank of New York Mellon; specific US record dates should be verified at www.adrbnymellon.com.
- Tax Implications: The net amounts listed exclude Income Tax Withheld at Source (IRRF) for non-immune or non-exempt shareholders.