Banco Santander Brasil (BSBR) sets R$620M interest on equity with Feb 2026 payment
Rhea-AI Filing Summary
Banco Santander (Brasil) S.A. approved the declaration and payment of Interest on Equity, a form of shareholder distribution under Brazilian law. The board authorized a gross amount of R$ 620,000,000.00, equal to R$ 0.07910367789 per common share, R$ 0.08701404568 per preferred share and R$ 0.16611772357 per Unit. After withholding income tax, the net total is R$ 527,000,000.00, or R$ 0.06723812621 per common share, R$ 0.07396193882 per preferred share and R$ 0.14120006503 per Unit, except for immune or exempt shareholders.
Shareholders of record at the end of January 2, 2026 are entitled to this interest. The shares will trade ex‑interest from January 5, 2026, and payment is scheduled for February 5, 2026. The amount will be fully credited against the mandatory dividends for the 2025 fiscal year, aligning this distribution with the company’s regular dividend obligations.
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SECURITIES AND EXCHANGE COMMISSION
Commission File Number: 001-34476
Bloco A – Vila Olimpia
São Paulo, SP 04543-011
Federative Republic of Brazil
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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:
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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 December 22, 2025
DATE, TIME AND PLACE: On December 22, 2025, 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, 2026, 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$ 620,000,000.00 (six hundred twenty million Brazilian reais), corresponding to R$ 0.07910367789 per common share, R$ 0.08701404568 per preferred share and R$ 0.16611772357 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$ 527,000,000.00 (five hundred twenty-seven million Brazilian reais), corresponding to R$ 0.06723812621 per common share, R$ 0.07396193882 per preferred share and R$ 0.14120006503 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 January 2, 2026 (including) will be entitled to the Interest on Company’s Equity hereby approved. Therefore, as of January 5, 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 2025; and (b) shall be paid on February 5, 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. Cristiana Almeida Pipponzi; Cristina San Jose Brosa; Deborah Patricia Wright, Ede Ilson Viani, José de Paiva Ferreira, Nitin Prabhu, Mario Roberto Opice Leão, Pedro Augusto de Melo and Vanessa de Souza Lobato Barbosa – Directors. São Paulo, December 22, 2025.
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
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Banco Santander (Brasil) S.A. | ||
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By: |
/S/ Reginaldo Antonio Ribeiro
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Reginaldo Antonio Ribeiro Officer without specific designation |
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By: |
/S/ Gustavo Alejo Viviani
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Gustavo Alejo Viviani Vice - President Executive Officer |
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FAQ
What did Banco Santander (Brasil) S.A. (BSBR) approve in this board meeting?
The board of Banco Santander (Brasil) S.A. approved the declaration and payment of Interest on the Company’s Equity, based on an executive board proposal and subject to ratification by the ordinary shareholders’ meeting to be held by April 30, 2026.
How much Interest on Equity will BSBR distribute in total and per share?
The approved gross amount is R$ 620,000,000.00, corresponding to R$ 0.07910367789 per common share, R$ 0.08701404568 per preferred share and R$ 0.16611772357 per Unit. After income tax withholding, the net amount is R$ 527,000,000.00, or R$ 0.06723812621 per common share, R$ 0.07396193882 per preferred share and R$ 0.14120006503 per Unit, except for immune or exempt shareholders.
What are the record date, ex-interest date, and payment date for BSBR’s Interest on Equity?
Shareholders registered on the company’s records by the end of January 2, 2026 will be entitled to the Interest on Equity. From January 5, 2026, the shares will be traded ex-Interest on Equity, and the approved amount is scheduled to be paid on February 5, 2026.
How does this Interest on Equity relate to BSBR’s 2025 mandatory dividends?
The company stated that the Interest on Equity approved will be fully considered within the amount of mandatory dividends to be distributed for the 2025 fiscal year, effectively advancing part of the required dividend payout.
Are there any tax or legal limitations mentioned for BSBR’s Interest on Equity?
The board recorded that the amount of Interest on Equity for the base year fits within the limits established in Brazilian tax legislation. The net amounts reflect income tax withheld at source, except for shareholders that are immune or exempt under applicable law.
Will Banco Santander (Brasil) S.A. issue a notice to shareholders about this Interest on Equity?
Yes. The board of directors authorized the Executive Board to take all necessary actions for releasing a formal Notice to Shareholders to disclose the Interest on Equity resolution to the market.
