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

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.)