Banco do Estado do Rio Grande do Sul S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 06:18 pm EST
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Banco do Estado do Rio Grande do Sul S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net income was BRL 76.34 million compared to BRL 203.2 million a year ago. Basic earnings per share from continuing operations was BRL 0.19 compared to BRL 0.5 a year ago. Diluted earnings per share from continuing operations was BRL 0.19 compared to BRL 0.5 a year ago.
For the nine months, net income was BRL 568.49 million compared to BRL 764.37 million a year ago. Basic earnings per share from continuing operations was BRL 1.39 compared to BRL 1.87 a year ago. Diluted earnings per share from continuing operations was BRL 1.39 compared to BRL 1.87 a year ago.
Banco do Estado do Rio Grande do Sul SA (Banrisul) is a Brazil-based commercial bank that provides personal and corporate banking services. Banrisul offers a range of financial products and services, such as personal and real estate loans, debit and credit cards, securities brokerage, portfolio management, car and equipment leasing, investment services, international trade support, life and property insurances, among others.