Banco Santander Brasil board approves share and ADR buyback program

Banco Santander (Brasil) S.A. (NYSE:BSBR) announced Thursday that its board of directors has approved a new buyback program for the repurchase of up to 37,463,477 Units or American Depositary Receipts (ADRs), representing approximately 1% of the company’s total capital stock as of June 30, 2025.

According to a press release statement included in a filing with the U.S. Securities and Exchange Commission, the buyback program will allow the bank or its Cayman branch to purchase Units—each composed of one common share and one preferred share—or ADRs, to be held in treasury or sold at a later date. The program is set to commence on September 26, 2025, and will remain in effect for eighteen months, expiring on March 26, 2027. InvestingPro analysis suggests the stock is currently undervalued, with additional metrics and insights available in the comprehensive Pro Research Report, part of the coverage of 1,400+ US equities.

The company reported that as of June 30, 2025, it had 360,657,265 outstanding common shares and 388,461,675 outstanding preferred shares, excluding treasury shares and those held by controllers and administrators. At that time, Banco Santander Brasil held 13,780,772 common shares and 13,780,772 preferred shares in treasury. InvestingPro data reveals the bank has shown strong returns over the last five years and maintains profitability, with positive earnings expected this year according to analyst forecasts.

The bank stated that the program aims to optimize capital structure management and provide shares for long-term incentive plans for employees and management. The filing noted that no derivatives will be used as part of this buyback, and all purchases will be conducted on organized markets. Units will be bought on B3 S.A. Brasil, Bolsa, Balcão through Santander Corretora de Câmbio e Valores Mobiliários S.A., and ADRs on the New York Stock Exchange through Santander Investment Securities Inc.

As of December 31, 2024, Banco Santander Brasil reported R$32.7 billion in available funds in its capital and revenue reserves, excluding legal reserves, to support the buyback. The company stated that the program is not expected to affect its obligations to creditors or the payment of mandatory dividends.

The board authorized the executive team to implement the program. This information is based on a press release statement contained in the company’s SEC filing.

In other recent news, Byline Bancorp reported strong financial results for the second quarter of 2025, with earnings per share (EPS) and revenue both exceeding analyst expectations. The company achieved an EPS of $0.75, surpassing the projected $0.67 by 11.94%. Revenue was also robust, reaching $110.5 million, which is 3.22% higher than the anticipated $107 million. In addition to these financial achievements, Byline Bancorp completed a private placement of $75 million in 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035. The proceeds from this offering will be used to redeem the company’s outstanding $75 million of 6.00% Fixed-to-Floating Rate Subordinated Notes due 2030. These recent developments reflect Byline Bancorp’s strategic financial maneuvers and strong quarterly performance.

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