Banco BTG Pactual Past Earnings Performance

Past criteria checks 5/6

Banco BTG Pactual has been growing earnings at an average annual rate of 25.2%, while the Capital Markets industry saw earnings growing at 12.2% annually. Revenues have been growing at an average rate of 35.4% per year. Banco BTG Pactual's return on equity is 19.4%, and it has net margins of 33.7%.

Key information

25.2%

Earnings growth rate

21.2%

EPS growth rate

Capital Markets Industry Growth	20.5%
Revenue growth rate	35.4%
Return on equity	19.4%
Net Margin	33.7%
Next Earnings Update	12 Nov 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Banco BTG Pactual makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BOVESPA:BPAC11 Revenue, expenses and earnings (BRL Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	32,529	10,947	17,016
31 Mar 24	32,075	10,565	16,355
31 Dec 23	31,123	9,925	15,755
30 Sep 23	28,118	8,841	15,206
30 Jun 23	27,751	8,406	14,818
31 Mar 23	27,595	8,032	14,566
31 Dec 22	26,639	7,842	13,827
30 Sep 22	25,966	7,942	13,156
30 Jun 22	23,310	7,497	12,465
31 Mar 22	21,021	7,108	11,084
31 Dec 21	16,862	6,342	9,348
30 Sep 21	15,761	5,827	7,553
30 Jun 21	14,074	5,086	5,696
31 Mar 21	11,497	4,385	4,674
31 Dec 20	9,590	3,976	4,112
30 Sep 20	7,326	3,926	3,437
30 Jun 20	6,495	3,927	3,133
31 Mar 20	5,838	3,921	2,802
31 Dec 19	6,919	3,828	2,738
30 Sep 19	5,187	3,202	2,779
30 Jun 19	4,638	2,785	2,599
31 Mar 19	3,363	2,435	2,325
31 Dec 18	3,435	2,361	2,267
30 Sep 18	4,639	2,469	2,435
30 Jun 18	5,158	2,384	2,464
31 Mar 18	5,221	2,264	2,402
31 Dec 17	5,487	2,384	2,385
30 Sep 17	4,974	2,403	2,263
30 Jun 17	4,747	2,619	2,589
31 Mar 17	7,559	3,120	3,425
31 Dec 16	9,506	3,409	4,533
30 Sep 16	12,947	4,273	5,895
30 Jun 16	10,165	5,404	6,553
31 Mar 16	8,136	5,695	6,146
31 Dec 15	3,864	5,623	5,261
30 Sep 15	180	4,837	4,331
30 Jun 15	2,408	3,793	3,411
31 Mar 15	2,894	3,370	3,158
31 Dec 14	5,602	3,369	3,002
30 Sep 14	6,400	3,223	3,000
30 Jun 14	6,755	3,036	2,756
31 Mar 14	5,868	2,924	2,552
31 Dec 13	5,601	2,478	2,531
30 Sep 13	5,908	2,620	2,091

Quality Earnings: BPAC11 has high quality earnings.

Growing Profit Margin: BPAC11's current net profit margins (33.7%) are higher than last year (30.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BPAC11's earnings have grown significantly by 25.2% per year over the past 5 years.

Accelerating Growth: BPAC11's earnings growth over the past year (30.2%) exceeds its 5-year average (25.2% per year).

Earnings vs Industry: BPAC11 earnings growth over the past year (30.2%) exceeded the Capital Markets industry -5.9%.

Banco BTG Pactual Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

Second quarter 2024 earnings: Revenues in line with analyst expectations

First quarter 2024 earnings: Revenues in line with analyst expectations

Full year 2023 earnings released

Banco BTG Pactual S.A. to Report Q3, 2024 Results on Nov 12, 2024

Third quarter 2023 earnings released

Second quarter 2023 earnings: Revenues exceed analyst expectations

Recent updates

Second quarter 2024 earnings: Revenues in line with analyst expectations

Banco BTG Pactual S.A. (BOVESPA:BPAC11) agreed to acquire M.Y. Safra Bank, FSB.

Banco BTG Pactual S.A. announced a financing transaction

First quarter 2024 earnings: Revenues in line with analyst expectations

New minor risk - Shareholder dilution

Full year 2023 earnings released

Banco BTG Pactual S.A. to Report Q3, 2024 Results on Nov 12, 2024

Third quarter 2023 earnings released

Banco BTG Pactual S.A. (BOVESPA:BPAC11) completed the acquisition of FIS Privatbank S.A from Alexander Schütz.

Second quarter 2023 earnings: Revenues exceed analyst expectations

Price target increased by 8.1% to R$31.52

Banco BTG Pactual S.A. (BOVESPA:BPAC11) agreed to acquire unknown minority stake in Systemica.

First quarter 2023 earnings: Revenues exceed analyst expectations

Full year 2022 earnings: Revenues miss analyst expectations

Less than half of directors are independent

Banco BTG Pactual S.A. to Report Q4, 2022 Results on Feb 13, 2023

BTG Pactual Presents the Mynt Crypto Asset Platform

Ares 2 Participacoes S.A. entered into an agreement to acquire 28.5 MWp of solar distributed generation (DG) plants in the state of Minas Gerais from Banco BTG Pactual S.A. and Energea Global LLC for BRL 200 million.

3R Petroleum Óleo e Gás S.A. (BOVESPA:RRRP3) entered in an agreement to acquire DUNA ENERGIA S.A. from Banco BTG Pactual S.A. (BOVESPA:BPAC3) for $78.1 million.

Banco BTG Pactual S.A. (BOVESPA:BPAC3) acquired an unknown minority stake in Perfin Spa.

Banco BTG Pactual S.A. (BOVESPA:BPAC3) signed an agreement to acquire Grupo Universa for BRL 690 million.

Banco BTG Pactual S.A. announced that it expects to receive $120 million in funding

Banco BTG Pactual S.A. (BOVESPA:BPAC3), Banco Safra S.A. and Kinea Private Equity Investimentos S.A. acquired two corporate skyscrapers in Sao Paulo from Rochavera for BRL1.3 billion.

Banco BTG Pactual S.A. to Report Q4, 2020 Results on Feb 09, 2021

Banco BTG Pactual S.A. (BOVESPA:BPAC3) agree to acquire Necton Investimentos S.A. Corretora de Valores Mobiliários e Commodities for approximately BRL 350 million

BTG Pactual Reportedly in Talks to Take over Atvos

Banco BTG Pactual S.A. has completed a Follow-on Equity Offering in the amount of BRL 2.65 billion.

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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