Banco Santander (Brasil) S.A. (BSBR) Q4 2022 Earnings Call Transcript

For the period ending December 31, 2022

February 2, 2023 8:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Gustavo Sechin

Hello, everyone, and good morning. I am Gustavo Sechin, Head of Investor Relations of Santander Brasil. I would like to welcome and thank you for joining us for our full-year 2022 earnings conference call.

As you know, this event is being streamed live from our studio at our corporate headquarters in Sao Paulo, and we will be dividing into three segments. In the first one, our CEO, Mario Leao, will discuss the strategic pillars that will drive our growth, as well the main highlights from 2022. In the second part, Angel Santodomingo, our CFO, will present our quarterly and full-year results. And finally, in the last segment, we will host a Q&A session, where analysts will have the opportunity to interact directly with us.

As a reminder, I would like to give a few instructions of our today's meeting. These events feature simultaneous translation. Simply select your preferred language. And if you would like to ask a question during the Q&A session, just click the hand icon in the bottom of your screen.

With that, I would like to turn it over to Mario, who will begin the presentation addressing our current contests. Please, Mario.

Mario Leao

Good morning, everyone. Thank you very much for joining us for our fourth quarter and full-year 2022 earnings call. It's a pleasure to be here again with everyone in a live and video format. I'll start today's presentation by discussing our performance in the past year, giving us the context and the wrap-up of 2022 and outlining my perspective, which is our senior management perspective on our potential going forward.

First of all, I wanted to emphasize what we've been discussing for a few quarters already, which is our ability to effectively anticipate economic cycles. We've demonstrated this skill in the past, and we believe that our attitude to anticipate market trends has played an important role in bringing us where we are today. While our results are under pressure in the Individual segment and Consumer Finance, in part due to the expected deterioration in older vintages and client selectiveness, we view this as a natural part of the same growth cycle that led us to deliver a streak of record-breaking results over the past seven years. In addition to that, we had a subsequent event from a large company in our Wholesale division that impacted our results in this quarter.