BTG Pactual reported record quarterly revenues of R$10.4 billion for the second quarter of 2026 alongside record adjusted net income of R$5.1 billion (accounting net income R$4.9 billion), the Latin American investment bank said in its results release on Tuesday. Adjusted annualised return on average equity for the period reached 26.7%.
Growth was led by consumer finance and banking, where revenue rose 73.7% year on year to R$1.55 billion, and corporate lending and business banking, up 18.7% to R$2.5 billion. Chief executive Roberto Sallouti said the results reflected "the strength and diversification of the platform and its ability to capture opportunities across different market environments".
RECORD TOP LINE
Revenues of R$10.4 billion marked a fresh high for the group, up 15.9% year on year, even as investment banking revenue fell 46.1% to R$421.4 million. Sales and trading revenue slipped 2.9% to R$1.86 billion, while asset management rose 27.2% to R$793.5 million and wealth management and personal banking rose 16.8% to R$1.45 billion.
Net new money totalled R$59 billion in the quarter, and the total credit portfolio rose 24% over 12 months to R$366.6 billion.
26.7% RETURN ON AVERAGE EQUITY
The efficiency ratio improved to 37.1% from 38.1% in the first quarter.
Adjusted net income rose 22.6% year on year and 6.9% from the first quarter; for the first half, it rose 31.4% to R$9.95 billion.
Shareholders' equity stood at R$79.6 billion at the end of June, and the Basel III ratio was 16.0%.
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