Banestes 1H26 net income rises 16.7% to R$ 226 million

Reuters2026/08/12 20:25

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Banestes posted 2Q26 net income of R$ 135 million, down 2.8% year-on-year, up 49.2% quarter-on-quarter.
Net income for 1H26 climbed 16.7% to R$ 226 million, with ROE at 18.4%.
2Q26 net interest margin rose 4% year-on-year to R$ 381 million, while loan-loss provisions more than doubled to R$ 101 million.
Total assets rose 9.1% year-on-year to R$ 42.55 billion; total deposits increased 12% to R$ 26.65 billion.
Management cited treasury gains on securities, higher credit income, 2.7% NPLs over 90 days, and reaffirmed Fitch AA+(bra) stable, Moody’s AA.br positive.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BANESTES SA - Banco do Estado do Espírito Santo published the original content used to generate this news brief on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Banestes 1H26 net income rises 16.7% to R$ 226 million

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