BSBR vs. ITUB: Banco Santander (Brasil) vs. Itaú Unibanco Stock Comparison

Company Profile

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

Both Banco Santander (Brasil) (BSBR) and Itaú Unibanco (ITUB) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.

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

Itaú Unibanco (ITUB) at 20.96% 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 Banco Santander (Brasil) (BSBR) at 27.53% and Itaú Unibanco (ITUB) at 32.46% 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 Banco Santander (Brasil) (BSBR) in Banks and Itaú Unibanco (ITUB) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Growth

Both Banco Santander (Brasil) (BSBR) at -3.79% and Itaú Unibanco (ITUB) at 4.21% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

Itaú Unibanco (ITUB) at 9.21% 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: Banco Santander (Brasil) (BSBR) in Banks and Itaú Unibanco (ITUB) 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: Banco Santander (Brasil) (BSBR) in Banks and Itaú Unibanco (ITUB) 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; Itaú Unibanco (ITUB) at 40.54% 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 Itaú Unibanco (ITUB) reports 70.75%, ranking against industry peers normally.

Dividend Metrics

Valuation

Itaú Unibanco (ITUB) at 9.12 sits in the cheaper P/E ratio quartile, while Banco Santander (Brasil) (BSBR) at 14.97 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

P/S ratio is set aside for both Banco Santander (Brasil) (BSBR) in Banks and Itaú Unibanco (ITUB) 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 is valued below its industry’s P/B ratio range against book, whereas Itaú Unibanco (ITUB) at 1.79 carries an above-typical premium — a wide price-to-book gap between them.

Valuation Metrics