SÃO PAULO, May 13, 2026 /PRNewswire/ -- PagBank (NYSE:PAGS), one of Brazil's largest digital banking platforms and a specialist in serving Brazilian entrepreneurs, announces its results for the first quarter of 2026 (1Q26).
During the quarter, recurring net income totaled R$ 575 million, up 4% year over year.
"We started the year with consistent results, even amid a more challenging macroeconomic environment, reinforcing the strength of our strategy and execution discipline. The period was marked by revenue expansion, the continued advancement of our banking platform, as well as efficiency gains and operating leverage," says Gustavo Sechin, CFO of PagBank.
Net revenue reached R$ 3.3 billion in the quarter, representing 6% growth compared to the same period last year, mainly driven by accelerated growth in the banking platform.
The highlight remained the strong growth in banking revenue, which expanded by 41% year over year. As a result, ROAE increased to 15.8%, up 80 basis points from the previous year, reinforcing the Company's improving profitability profile.
Deposits totaled R$42 billion, an increase of 23% year over year, reflecting customer confidence and the strength of the Company's capital structure, which is also supported by AAA ratings from the three largest global credit rating agencies. The loan portfolio reached R$ 5 billion, expanding 36% ...
