Santander Brasil is up 9.4% in recurring net income of the 4th quarter

São Paulo – Banco Santander Brasil reported a 9.4% growth in recurring net income for the fourth quarter of 2019 compared to the same period a year earlier, mainly supported by loans and tariffs. Recurring net income, which excludes extraordinary items, totaled R$ 3.726 billion, virtually in line with the 3.859 billion reais estimated by analysts, according to Refinitiv data.