10:54 AM EDT, 04/30/2024 (MT Newswires) -- Banco Santander Brasil ( BSBR ) , a unit of Spain's Banco Santander (SAN), reported Q1 net profit, excluding items, Tuesday of 3.02 billion Brazilian reais ($584 million), up from 2.14 billion reais a year earlier.

Analysts polled by Capital IQ expected 2.82 billion reais.

Revenue for the quarter ended March 31, expressed as the sum of net interest income and fees, was 19.68 billion reais, up from 17.25 billion reais a year earlier.

Three analysts surveyed by Capital IQ expected 19.81 billion reais.

Banco Santander Brasil ( BSBR ) shares were up 3.3% in recent trading.

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