Overview
PagBank Q3 net revenue grows 14% yr/yr, driven by banking platform acceleration
Recurring net income for Q3 is BRL 571 mln
Loan portfolio expands 30% yr/yr, emphasizing SME working capital growth
From 1 January 2026, Carlos Mauad, currently COO, will take over as CEO of the bank. In addition, Gustavo Sechin, current Head of IR, will be the institution's new CFO
Outlook
PagBank plans to intensify AI use to simplify clients' financial journeys
Loan growth is a long-term strategic priority for PagBank
PagBank announces leadership changes effective January 2026
Result Drivers
BANKING PLATFORM - Revenue growth driven by acceleration of the banking platform and higher financial services revenue
LOAN PORTFOLIO - 30% yr/yr growth in loan portfolio, with SME working capital expansion of 116% yr/yr
DEPOSITS GROWTH - Deposits increased 15.3% yr/yr, supported by strong CDB distribution and high credit ratings
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Income | BRL 571 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for PagSeguro Digital Ltd is $12.00, about 21.3% above its November 12 closing price of $9.44
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago
Press Release: ID:nPn6MCgwHa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)