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 April 10, 2026. The filing documents the approval of a proposal to declare and pay Interest on Company's Equity (JCP), subject to ratification by the Ordinary General Meeting of shareholders to be held by April 30, 2027.
Key Financial Metrics
The filing details a specific capital distribution event rather than comprehensive financial performance metrics for a reporting period.
- Total JCP Gross Amount: R$ 2,000,000,000.00 (Two billion Brazilian reais).
- Total JCP Net Amount (after IRRF): R$ 1,650,000,000.00 (One billion six hundred fifty million Brazilian reais).
- Per Share Distribution (Gross):
- Common Share: R$ 0.25461944581
- Preferred Share: R$ 0.28008139039
- Unit: R$ 0.53470083620
- Per Share Distribution (Net):
- Common Share: R$ 0.21006104279
- Preferred Share: R$ 0.23106714708
- Unit: R$ 0.44112818987
Note: The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity for the period.
Material Changes and Events
The primary material event is the declaration of Interest on Company's Equity. Key dates and conditions include:
- Record Date: Shareholders registered by the end of April 20, 2026, are entitled to the distribution.
- Ex-Date: Shares will trade "Ex-Interest on Company's Equity" starting April 22, 2026.
- Payment Date: May 7, 2026.
- Dividend Treatment: The approved JCP amount will be fully considered within the mandatory dividends to be distributed for the year 2026.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on market outlook, or specific risk factors beyond the standard regulatory context. The Board confirmed that the proposed JCP amount fits within the limits settled in current tax legislation. The resolution is ad referendum, meaning it is contingent upon approval by the shareholders at the Ordinary General Meeting.
Investor Verification Checklist
- Verify the final approval of the JCP proposal at the Ordinary General Meeting of shareholders (scheduled by April 30, 2027).
- Confirm shareholder registration status by the record date of April 20, 2026, to ensure eligibility for the distribution.
- Monitor the payment execution on May 7, 2026, for the net amounts specified after Income Tax Withheld at Source (IRRF).
- Review the full 2026 financial statements to understand how this JCP impacts the total mandatory dividend obligation for the year.