R$2B interest on equity approved by Banco Santander (Brasil) (NYSE: BSBR)

Rhea-AI Filing Summary

Banco Santander (Brasil) S.A. approved a new distribution of Interest on Company’s Equity totaling R$ 2,000,000,000.00 gross for the 2026 base year. This corresponds to R$ 0.25461944581 per common share, R$ 0.28008139039 per preferred share and R$ 0.53470083620 per Unit before tax.

After income tax withholding, the net amount is R$ 1,650,000,000.00, or R$ 0.21006104279 per common share, R$ 0.23106714708 per preferred share and R$ 0.44112818987 per Unit, except for immune or exempt shareholders. Holders on record at the end of April 20, 2026 are entitled, with shares trading ex-interest from April 22, 2026, and payment scheduled for May 7, 2026. The distribution will be fully counted toward the mandatory dividends for 2026.

Insights

Latin America bank equity analyst

Santander Brasil schedules sizeable but routine interest-on-equity payout.

Santander Brasil approved Interest on Company’s Equity of R$ 2,000,000,000.00 for the 2026 base year, with a net amount of R$ 1,650,000,000.00 after income tax withholding. These payments function like dividends but benefit from specific Brazilian tax treatment.

The distribution is allocated per common, preferred share and Unit, with entitlement fixed for shareholders on April 20, 2026 and payment on May 7, 2026. The company states that the amount fits tax legislation limits and will be fully imputed to the mandatory dividend for 2026, indicating this is part of its ordinary capital return policy rather than an exceptional event.

Key Figures

Gross Interest on Equity: R$ 2,000,000,000.00 Net Interest on Equity: R$ 1,650,000,000.00 Gross per common share: R$ 0.25461944581 +5 more

8 metrics

Gross Interest on Equity R$ 2,000,000,000.00 Base year 2026 distribution approved by Board of Directors

Net Interest on Equity R$ 1,650,000,000.00 After income tax withholding, excluding immune/exempt shareholders

Gross per common share R$ 0.25461944581 Interest on Equity per common share before tax

Gross per preferred share R$ 0.28008139039 Interest on Equity per preferred share before tax

Gross per Unit R$ 0.53470083620 Interest on Equity per Unit before tax

Net per common share R$ 0.21006104279 Interest on Equity per common share after tax withholding

Record date April 20, 2026 Shareholders on record by end of this date receive the payment

Payment date May 7, 2026 Scheduled date to pay Interest on Equity with no monetary restatement

Key Terms

Interest on Company’s Equity, mandatory dividends, Income Tax Withheld at Source, Ordinary General Meeting, +1 more

5 terms

Interest on Company’s Equity financial

"for the declaration and payment of Interest on Company’s Equity, pursuant to articles 17"

mandatory dividends financial

"shall be fully considered within the amount of the mandatory dividends to be distributed"

Income Tax Withheld at Source financial

"after the deduction of the amount related to the Income Tax Withheld at Source (“IRRF”)"

Ordinary General Meeting financial

"ad referendum of the Ordinary General Meeting of the shareholders to be held until April 30, 2027"

Notice to Shareholders financial

"authorized the Executive Board to take the actions necessary for the release of the proper “Notice to Shareholders”"

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FAQ

What did Banco Santander (Brasil) S.A. (BSBR) approve in this 6-K?

Banco Santander (Brasil) S.A. approved a distribution of Interest on Company’s Equity totaling R$ 2,000,000,000.00 gross. This payout will be allocated across common shares, preferred shares, and Units and fully counted toward the bank’s mandatory dividend for the 2026 base year.

How much Interest on Equity per share will BSBR shareholders receive?

The bank set gross Interest on Equity at R$ 0.25461944581 per common share, R$ 0.28008139039 per preferred share, and R$ 0.53470083620 per Unit. After income tax withholding, shareholders receive lower net amounts per share, except for immune or exempt investors.

What is the net Interest on Equity amount Banco Santander (Brasil) will distribute?

After income tax withholding, the net Interest on Equity totals R$ 1,650,000,000.00. This net figure is what will effectively be available to most shareholders, excluding those that are immune or exempt from Brazilian income tax on this type of distribution.

What are the key dates for BSBR’s Interest on Equity payment?

Shareholders registered by the end of April 20, 2026 are entitled to the Interest on Equity. The shares trade ex-Interest on Equity from April 22, 2026, and the bank plans to pay the approved amount to shareholders on May 7, 2026, without monetary restatement.

Will this Interest on Equity affect BSBR’s mandatory dividend for 2026?

Yes, the bank states the approved Interest on Equity will be fully considered within the mandatory dividends for 2026. This means the R$ 2,000,000,000.00 gross distribution counts toward fulfilling the company’s minimum dividend obligations for the 2026 base year.

Does Banco Santander (Brasil) say this Interest on Equity complies with tax rules?

The board records that the Interest on Equity amount proposed for the base year fits the limits established in Brazilian tax legislation. This statement indicates the bank structured the R$ 2,000,000,000.00 gross distribution to remain within legally allowed thresholds for this type of payment.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

For the month of April, 2026

Commission File Number: 001-34476

BANCO SANTANDER (BRASIL) S.A.

(Exact name of registrant as specified in its charter)

Avenida Presidente Juscelino Kubitschek, 2041 and 2235
Bloco A – Vila Olimpia
São Paulo, SP 04543-011
Federative Republic of Brazil

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ___X___ Form 40-F _______

 Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): 

Yes _______ No ___X____

 Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): 

Yes _______ No ___X____

 Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: 

Yes _______ No ___X____

 If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):  N/A

 

[Free English Translation]

BANCO SANTANDER (BRASIL) S.A.

Public Company with Authorized Capital

Corporate Taxpayer´s Registry No. 90.400.888/0001-42

Company Registry No. 35.300.332.067

Minutes of the Board of Directors Meeting held on April 10, 2026

DATE, TIME AND PLACE: On April 10, 2026, at 3 p.m., by conference call, the Board of Directors of Banco Santander (Brasil) S.A. (“Company” or “Santander”) have met, with the attendance of all of its members.

CALL NOTICE AND ATTENDANCE: The call was waived in view of the attendance of all members of the Board of Directors.

MEETING BOARD: Deborah Stern Vieitas, Chairman. Bruno Carneiro, Secretary.

AGENDA: To approve the proposal for declaration and payment of Interest on Company’s Equity, pursuant to the Company’s Executive Board proposal.

RESOLUTIONS: The proposal of the Company's Board of Executive Officers was presented to the Board of Directors, as per the meeting held on this date, ad referendum of the Ordinary General Meeting of the shareholders to be held until April 30, 2027, for the declaration and payment of Interest on Company’s Equity, pursuant to articles 17, item XVIII and 37, second paragraph, of the Company's Bylaws in the gross amount of R$ 2,000,000,000.00 (two billion Brazilian reais), corresponding to R$ 0.25461944581 per common share, R$ 0.28008139039 per preferred share and R$ 0.53470083620 per Unit, which, after the deduction of the amount related to the Income Tax Withheld at Source (“IRRF”), pursuant to the laws in force, result the net amount corresponding to R$ 1,650,000,000.00 (one billion six hundred fifty million Brazilian reais), corresponding to R$ 0.21006104279 per common share, R$ 0.23106714708 per preferred share and R$ 0,44112818987 per Unit, except for immune and/or exempt shareholders.

It remained formalized that (i) the shareholders registered on the Company’s records by the end of April 20, 2026 (including) will be entitled to the Interest on Company’s Equity hereby approved. Therefore, as of April 22, 2026 (including), the Company’s shares shall be traded “Ex-Interest on Company’s Equity”; (ii) the Interest on Company’s Equity hereby approved (a) shall be fully considered within the amount of the mandatory dividends to be distributed by the Company for the year 2026; and (b) shall be paid on May 7, 2026, with no compensation of monetary restatement; (iii) the amount of Interest on Company’s Equity proposed in the base-year fits the limits settled in the tax legislation; (iv) the Board of Directors authorized the Executive Board to take the actions necessary for the release of the proper “Notice to Shareholders”, to disclose to market the resolution just taken; and (v) the support documents of the mentioned declaration and payment of Interest on Company’s Equity shall be kept filed at the Company’s headquarters.

ADJOURNMENT: There being no further matters to be resolved, the Meeting was finalized, and these minutes have been prepared and send to be electronically signed by the attendees. Board: Deborah Stern Vieitas, Chairwoman. Bruno Carneiro, Secretary. Signatures: Mrs. Deborah Stern Vieitas – Chairwoman; Mr. Javier Maldonado Trinchant – Vice Chairman; and Messrs. Antonio Carlos Quintella; Cristiana Almeida Pipponzi; Cristina San Jose Brosa; Deborah Patricia Wright, Ede Ilson Viani, Mario Roberto Opice Leão, Nitin Prabhu, Pedro Augusto de Melo and Vanessa de Souza Lobato Barbosa – Directors. São Paulo, April 10, 2026.

I certify that this is a true transcript of the minutes recorded in the Minutes of the Board of Directors Meetings Book of the Company.

Bruno Carneiro

Secretary

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

Date: April 10, 2026

Banco Santander (Brasil) S.A.
By:	/S/ Reginaldo Antonio Ribeiro
	Reginaldo Antonio Ribeiro Officer without specific designation

By:	/S/ Gustavo Alejo Viviani
	Gustavo Alejo Viviani Vice - President Executive Officer