BSBR vs. MTB: Banco Santander (Brasil) vs. M&T Bank Stock Comparison

Company Profile

Banco Santander (Brasil) (BSBR) and M&T Bank (MTB) both belong to the Banks industry, though BSBR is classified under Diversified Banks while MTB falls under Regional Banks.

M&T Bank (MTB) 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

Both Banco Santander (Brasil) (BSBR) at 10.20% and M&T Bank (MTB) at 10.60% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

Both Banco Santander (Brasil) (BSBR) at 27.53% and M&T Bank (MTB) at 31.87% 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 M&T Bank (MTB) 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 M&T Bank (MTB) at 4.34% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

M&T Bank (MTB) at 16.12% 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 M&T Bank (MTB) 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 M&T Bank (MTB) 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% delivers top-quartile income for its industry, while M&T Bank (MTB) at 2.73% pays a more typical yield — both are credible income propositions, BSBR the richer one.

Banco Santander (Brasil) (BSBR) reports payout ratio above 100% at 143.10%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile M&T Bank (MTB) reports 31.35%, ranking against industry peers normally.

Dividend Metrics

Valuation

M&T Bank (MTB) at 11.38 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 Banco Santander (Brasil) (BSBR) in Banks and M&T Bank (MTB) 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 trades below its peer P/B ratio range relative to book, while M&T Bank (MTB) at 1.24 sits near its industry’s middle — BSBR is the cheaper of the two against assets.

Valuation Metrics