By Brazil Stock Guide – Banrisul (BRSR6) closed 4Q25 with consolidated net income of R$985.7 million, marking one of its strongest quarterly performances in recent years as elevated interest rates continued to sustain spreads. The result reflects solid financial intermediation income, partially offset by higher credit-loss provisions and operating expenses.
Financial intermediation income reached R$3.22 billion in the quarter, driven by credit operations and securities portfolio gains. Even as funding costs remained high, the bank preserved healthy margins in a Selic environment still anchored at restrictive levels. Expected credit losses totaled R$776 million in 4Q25, signaling a cautious stance amid a still challenging credit cycle.
Service revenues added diversification to earnings. Fee income and card-related revenues remained resilient, while operating expenses were pressured by personnel and administrative costs tied to network modernization and digital expansion. Still, the bank delivered a pre-tax profit of R$989.0 million in the quarter.
The loan portfolio ended December at R$65.0 billion, with commercial lending representing the largest share. Asset quality metrics remained under close watch as delinquency trends in Rio Grande do Sul edged above the national average, reflecting the impact of tighter financial conditions.
Capital and liquidity indicators remained comfortable, supported by deposit funding of more than R$100 billion and recent subordinated issuances aimed at strengthening the capital base.