| Schedule of operating segments |
| Schedule of operating segments |
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As of and for the year ended December 31, 2025 - R$ thousands |
| Banking |
Insurance, pension and capitalization bonds |
Other Activities |
Eliminations |
Managerial Income Statement |
Proportionately consolidated (1) |
Consolidation adjustments (2) |
Adjustments (3) |
Consolidated in accordance with IFRS |
| Revenue from financial intermediation (4) |
235,516,116 |
8,506,979 |
355,635 |
(286,293) |
244,092,437 |
(5,190,067) |
(5,505,872) |
36,786,608 |
270,183,106 |
| Expenses from financial intermediation |
(154,883,751) |
(18,430) |
- |
428,749 |
(154,473,432) |
1,530,732 |
8,416,250 |
(49,317,303) |
(193,843,753) |
| Financial margin |
80,632,365 |
8,488,549 |
355,635 |
142,456 |
89,619,005 |
(3,659,335) |
2,910,378 |
(12,530,695) |
76,339,353 |
| Expected credit losses associated with credit risk |
(36,370,035) |
- |
- |
- |
(36,370,035) |
1,069,096 |
- |
5,692,979 |
(29,607,960) |
| Gross income from financial intermediation |
44,262,330 |
8,488,549 |
355,635 |
142,456 |
53,248,970 |
(2,590,239) |
2,910,378 |
(6,837,716) |
46,731,393 |
| Other income from insurance, pension plans and capitalization bonds |
- |
13,887,736 |
- |
33,747 |
13,921,483 |
- |
- |
(1,709,037) |
12,212,446 |
| Fee and commission income and income from banking fees |
39,563,634 |
2,061,017 |
142,372 |
(133,187) |
41,633,836 |
(8,008,985) |
(2,469,449) |
(81,756) |
31,073,646 |
| Personnel /Administrative Expenses (5) |
(46,173,552) |
(5,138,904) |
(133,738) |
274,376 |
(51,171,818) |
2,410,916 |
(403,143) |
1,586,342 |
(47,577,703) |
| Tax expenses |
(7,520,187) |
(1,484,930) |
(22,812) |
- |
(9,027,929) |
899,826 |
- |
38,572 |
(8,089,531) |
| Share of profit (loss) of associates and jointly controlled entities |
(225,416) |
610,771 |
- |
- |
385,355 |
1,776,372 |
- |
900 |
2,162,627 |
| IR/CSI and Other income/expenses |
(15,496,030) |
(8,354,473) |
(272,913) |
(317,392) |
(24,440,808) |
5,512,110 |
(37,786) |
6,378,242 |
(12,588,242) |
| Net Income for the year ended on December 31, 2025 |
14,410,779 |
10,069,766 |
68,544 |
- |
24,549,089 |
- |
- |
(624,453) |
23,924,636 |
| Total assets |
2,036,011,553 |
507,789,849 |
3,278,326 |
(164,478,058) |
2,382,601,670 |
(29,930,004) |
(45,943,903) |
23,599,453 |
2,330,327,216 |
| Investments in associates and joint ventures |
86,292,770 |
5,612,184 |
318,322 |
(86,267,687) |
5,955,589 |
7,392,844 |
- |
(64,993) |
13,283,440 |
| Total liabilities |
1,820,238,662 |
463,807,578 |
191,759 |
(78,210,371) |
2,206,027,628 |
(29,930,004) |
(45,943,903) |
21,224,865 |
2,151,378,586 |
| (1) | | Refers to: adjustments to exclude the effects of consolidation, originating from proportionally
consolidated companies (Grupo Cielo, Grupo EloPar, Crediare, etc.); |
| (2) | | Consolidation adjustments originating from the “non-consolidation” of exclusive
funds; |
| (3) | | Adjustments due to the differences of the accounting standards used in the management reports
and in the consolidated financial statements of the Company that were prepared in accordance with IFRS. The main adjustments refer to
the expected credit losses for financial assets, business combinations and insurance contracts; |
| (4) | | Includes, in the Consolidated Financial Statements, the balances referring to “Net
gains / (losses) on financial assets and liabilities measured at fair value through profit or loss”, “Net gains / (losses)
on financial assets measured at fair value through other comprehensive income” and “Net gains / (losses) from operations
in foreign currency”; and |
| (5) | | Includes, in the Consolidated Financial Statements, the balances referring to depreciation
and amortization. |
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As of and for the year ended December 31, 2024 - R$ thousands |
| Banking |
Insurance, pension and capitalization bonds |
Other Activities |
Eliminations |
Managerial Income Statement |
Proportionately consolidated (1) |
Consolidation adjustments (2) |
Adjustments (3) |
Consolidated in accordance with IFRS |
| Revenue from financial intermediation (4) |
169,745,125 |
37,327,260 |
318,644 |
(408,624) |
206,982,405 |
(1,550,303) |
(2,959,039) |
10,746,673 |
213,219,736 |
| Expenses from financial intermediation |
(98,810,413) |
(30,050,169) |
- |
412,038 |
(128,448,544) |
607,296 |
5,490,039 |
(21,927,944) |
(144,279,153) |
| Financial margin |
70,934,712 |
7,277,091 |
318,644 |
3,414 |
78,533,861 |
(943,007) |
2,531,000 |
(11,181,271) |
68,940,583 |
| Expected credit losses associated with credit risk |
(33,123,621) |
- |
- |
- |
(33,123,621) |
- |
- |
5,597,688 |
(27,525,933) |
| Gross income from financial intermediation |
37,811,091 |
7,277,091 |
318,644 |
3,414 |
45,410,240 |
(943,007) |
2,531,000 |
(5,583,583) |
41,414,650 |
| Other income from insurance, pension plans and capitalization bonds |
- |
11,520,350 |
- |
27,238 |
11,547,588 |
- |
- |
(1,788,424) |
9,759,164 |
| Fee and commission income and income from banking fees |
36,213,830 |
1,923,437 |
81,549 |
(68,529) |
38,150,287 |
(6,170,251) |
(2,325,142) |
(1,318,407) |
28,336,487 |
| Personnel /Administrative Expenses (5) |
(44,525,627) |
(4,571,572) |
(71,301) |
393,183 |
(48,775,317) |
2,228,548 |
(276,322) |
1,591,719 |
(45,231,372) |
| Tax expenses |
(6,313,204) |
(1,391,406) |
(18,380) |
- |
(7,722,990) |
848,030 |
- |
- |
(6,874,960) |
| Share of profit (loss) of associates and jointly controlled entities |
121,511 |
243,403 |
843 |
- |
365,757 |
1,164,800 |
- |
1,028 |
1,531,585 |
| IR/CSI and Other income/expenses |
(13,425,161) |
(5,945,008) |
(164,642) |
(355,306) |
(19,890,117) |
2,871,880 |
70,464 |
5,554,372 |
(11,393,401) |
| Net Income for the year ended on December 31, 2024 |
9,882,440 |
9,056,295 |
146,713 |
- |
19,085,448 |
- |
- |
(1,543,295) |
17,542,153 |
| Total assets |
1,811,529,557 |
451,777,909 |
2,712,775 |
(138,098,385) |
2,127,921,856 |
(14,081,367) |
(60,714,873) |
16,358,746 |
2,069,484,362 |
| Investments in associates and joint ventures |
79,828,981 |
4,727,047 |
1,413 |
(79,218,884) |
5,338,557 |
5,756,348 |
- |
(65,893) |
11,029,012 |
| Total liabilities |
1,607,412,734 |
416,694,321 |
33,384 |
(58,879,501) |
1,965,260,938 |
(14,081,367) |
(60,714,873) |
10,077,172 |
1,900,541,870 |
| (1) | | Refers to: adjustments for excluding the effects of consolidation, originating from proportionally
consolidated companies (Grupo Cielo, Grupo EloPar, etc.); |
| (2) | | Consolidation adjustments originating from the “non-consolidation” of exclusive
funds; |
| (3) | | Adjustments due to differences in accounting standards used in management reports and in
the consolidated financial statements of the Company that were prepared in IFRS. The main adjustments refer to the expected credit losses
of financial assets, business combinations and insurance contracts; |
| (4) | | Includes, in the Consolidated Financial Statements, the balances referring to “Net
gains / (losses) on financial assets and liabilities measured at fair value through profit or loss”, “Net gains / (losses)
on financial assets measured at fair value through other comprehensive income” and “Net gains / (losses) from operations
in foreign currency”; and |
| (5) | | Includes, in the Consolidated Financial Statements, the balances referring to depreciation
and amortization. |
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As of and for the year ended December 31, 2023 - R$ thousands |
| Banking |
Insurance, pension and capitalization bonds |
Other Activities |
Eliminations |
Managerial Income Statement |
Proportionately consolidated (1) |
Consolidation adjustments (2) |
Adjustments (3) |
Consolidated in accordance with IFRS |
| Revenue from financial intermediation (4) |
164,122,043 |
39,941,507 |
481,208 |
(670,653) |
203,874,105 |
(2,864,178) |
(4,249,260) |
27,697,126 |
224,457,793 |
| Expenses from financial intermediation |
(97,495,630) |
(32,892,243) |
(18) |
685,410 |
(129,702,481) |
552,467 |
6,914,030 |
(34,140,071) |
(156,376,055) |
| Financial margin |
66,626,413 |
7,049,264 |
481,190 |
14,757 |
74,171,624 |
(2,311,711) |
2,664,770 |
(6,442,945) |
68,081,738 |
| Expected credit loss associated with credit risk |
(37,110,675) |
- |
- |
- |
(37,110,675) |
- |
- |
4,993,651 |
(32,117,024) |
| Gross income from financial intermediation |
29,515,738 |
7,049,264 |
481,190 |
14,757 |
37,060,949 |
(2,311,711) |
2,664,770 |
(1,449,294) |
35,964,714 |
| Other income from insurance, pension plans and capitalization bonds |
- |
9,800,620 |
- |
32,469 |
9,833,089 |
- |
- |
(3,788,649) |
6,044,440 |
| Fee and commission income and income from banking fees |
34,269,254 |
1,164,685 |
4,899 |
(33,100) |
35,405,738 |
(5,340,755) |
(1,879,319) |
(1,228,901) |
26,956,763 |
| Personnel expenses/Other administrative expenses (5) |
(42,122,774) |
(4,717,591) |
(46,488) |
423,907 |
(46,462,946) |
1,905,911 |
(618,004) |
2,049,077 |
(43,125,962) |
| Tax expenses |
(6,582,213) |
(1,436,686) |
(22,734) |
- |
(8,041,633) |
697,784 |
- |
- |
(7,343,849) |
| Share of profit (loss) of associates and jointly controlled entities |
151,414 |
421,723 |
- |
- |
573,137 |
1,527,554 |
- |
990 |
2,101,681 |
| IR/CSI and Other income/expenses |
(9,198,676) |
(3,468,750) |
(141,073) |
(438,033) |
(13,246,532) |
3,521,217 |
(167,447) |
3,797,740 |
(6,095,022) |
| Net Income for the year ended on December 31, 2023 |
6,032,743 |
8,813,265 |
275,794 |
- |
15,121,802 |
- |
- |
(619,037) |
14,502,765 |
| Total assets |
1,661,529,233 |
409,370,722 |
3,277,809 |
(110,126,067) |
1,964,051,697 |
(10,074,444) |
(38,502,618) |
12,048,614 |
1,927,523,249 |
| Investments in associates and joint ventures |
73,163,988 |
3,028,413 |
1,105 |
(72,298,485) |
3,895,021 |
5,792,357 |
- |
(70,538) |
9,616,840 |
| Total liabilities |
1,468,271,968 |
370,561,631 |
68,561 |
(37,827,582) |
1,801,074,578 |
(10,074,444) |
(38,502,618) |
8,011,609 |
1,760,509,125 |
| (1) | | Refers to: consolidation adjustments, originating from proportionally consolidated companies
(Grupo Cielo, Grupo EloPar, Crediare, etc.); |
| (2) | | Consolidation adjustments originating from the “non-consolidation” of exclusive
funds; |
| (3) | | Adjustments due to differences in accounting standards used in management reports and in
the Organization's consolidated financial statements that were prepared in IFRS. The main adjustments refer to the expected loss of financial
assets, business models, effective interest rate, business combination and insurance contracts; |
| (4) | | Includes, in the Consolidated Financial Statements, the balances referring to “Net
gains/(losses) on financial assets and liabilities at fair value through profit or loss”, “Net gains / (losses) on financial
assets at fair value through other comprehensive income” and “Net gains/(losses) from operations in foreign currency”;
and |
| (5) | | Includes, in the Consolidated Financial Statements, the balances referring to depreciation
and amortization. |
|