Business Context and Reporting Period
This Form 6-K filing by Banco Santander (Brasil) S.A. reports a corporate action regarding the distribution of Interest on Equity (JCP). The announcement was made on April 10, 2025, following a Board of Directors meeting. The distribution is subject to ratification by the Ordinary General Meeting of shareholders scheduled for 2026.
Key Financial Metrics
The filing details a specific capital distribution event rather than comprehensive financial performance metrics such as revenue, profit, or cash flow for a reporting period.
- Total Gross Distribution: R$ 1,500,000,000.00 (1.5 billion Brazilian Reais).
- Total Net Distribution (after IRRF): R$ 1,275,000,000.00 (1.275 billion Brazilian Reais).
- Per Share Amounts (Gross):
- ON (Common): R$ 0.19138824454
- PN (Preferred): R$ 0.21052706900
- Unit (1 ON + 1 PN): R$ 0.40191531354
- Per Share Amounts (Net):
- ON (Common): R$ 0.16268000786
- PN (Preferred): R$ 0.17894800865
- Unit (1 ON + 1 PN): R$ 0.34162801651
The filing text does not provide clear values for revenue, operating profit, cash flow, margins, debt levels, or liquidity ratios.
Material Changes
This filing does not present comparative financial data against a prior period. It serves as a notice of a specific dividend-like distribution event approved by the Board.
Guidance, Outlook, and Important Dates
Management commentary is limited to the mechanics of the distribution and its treatment under Brazilian corporate law.
- Record Date: April 17, 2025 (Shareholders registered by this date are entitled).
- Ex-Date: April 22, 2025 (Shares trade "Ex-Interest on Equity" from this date).
- Payment Date: May 8, 2025.
- Dividend Treatment: The amount is fully considered within the mandatory dividends for the 2025 fiscal year. There is no monetary indexation compensation.
- ADRs: Payments for American Depositary Receipts (NYSE) will be handled by The Bank of New York Mellon.
Investor Verification Checklist
- Verify the final ratification of this distribution at the Ordinary General Meeting scheduled for 2026.
- Confirm the exact tax withholding rate applied to the net amount (implied 15% based on gross vs. net figures) for specific shareholder categories.
- Check the official NYSE/BNY Mellon website for specific US Record Dates and payment procedures for ADR holders.
- Review the company's full 2025 financial statements to understand how this R$ 1.5 billion distribution impacts the total mandatory dividend requirement for the year.