SAO PAULO (Reuters) -Brazilian lender Santander Brasil on Wednesday reported higher second-quarter net profit on a sequential basis but saw its results weigh on group performance as they remained well below last year's levels. The bank, an unit of Spain's Banco Santander, said in a securities filing its net income reached 2.26 billion reais ($475.76 million) in the period, up 5.5% from a soft previous quarter but sliding nearly 45% from a year ago. Santander Brasil's bottom line was also slightly below market expectations, as analysts polled by Refinitiv had forecast it to reach 2.47 billion reais.
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Banco Santander Brasil SA on Tuesday reported a first quarter net profit of 2.14 billion reais , down 46.6% from a year earlier but still above analysts forecasts of 1.83 billion in a Refinitiv. | April 25, 2023
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