BAP vs. BSBR: Credicorp vs. Banco Santander (Brasil) Stock Comparison

Company Profile

Credicorp (BAP) and Banco Santander (Brasil) (BSBR) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.

Credicorp (BAP) trades as ordinary local shares, while Banco Santander (Brasil) (BSBR) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Credicorp (BAP) at 20.41% clears its industry range for ROE, a sharper capital-efficiency signal than Banco Santander (Brasil) (BSBR) at 10.20%, which is closer to a typical peer reading.

Both Credicorp (BAP) at 33.10% and Banco Santander (Brasil) (BSBR) at 27.53% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

Neither side reports a meaningful operating margin: for Credicorp (BAP) in Banks and Banco Santander (Brasil) (BSBR) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Growth

Credicorp (BAP) at 11.57% is around its peer norm for revenue growth, while Banco Santander (Brasil) (BSBR) at -3.79% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Credicorp (BAP) at 26.04% is around its peer norm for EPS growth, while Banco Santander (Brasil) (BSBR) at -4.61% drops into the bottom quartile, signaling weaker earnings momentum.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: Credicorp (BAP) in Banks and Banco Santander (Brasil) (BSBR) in Banks both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

debt-to-equity ratio is set aside for both: Credicorp (BAP) in Banks and Banco Santander (Brasil) (BSBR) in Banks run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Dividends

Banco Santander (Brasil) (BSBR) at 5.60% earns its spot in the top quartile of its industry’s yields; Credicorp (BAP) at 14.37% is past the top of its own peer range — territory where a dividend-safety check matters more than the headline number.

Banco Santander (Brasil) (BSBR) reports payout ratio above 100% at 143.10%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Credicorp (BAP) reports 53.95%, ranking against industry peers normally.

Dividend Metrics

Valuation

Credicorp (BAP) at 13.10 is near its industry’s usual P/E ratio, while Banco Santander (Brasil) (BSBR) at 14.97 sits in the richer quartile — BSBR needs stronger growth or earnings quality to justify the premium.

P/S ratio is set aside for both Credicorp (BAP) in Banks and Banco Santander (Brasil) (BSBR) in Banks: without a conventional revenue line, pricing per dollar of sales isn’t meaningful, and book- or earnings-based multiples make the better comparison.

Banco Santander (Brasil) (BSBR) at 0.34 prices below its industry’s P/B ratio range while Credicorp (BAP) at 2.57 prices above it — an unusually wide split in valuation relative to book.

Valuation Metrics