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PagBank's Strong Performance in Q1 2026

PagBank, one of Brazil's leading digital banking platforms, has reported a recurring net income of R$ 575 million for the first quarter of 2026. This figure represents a 4% increase compared to the previous year, underscoring the bank's robust growth amidst challenging macroeconomic conditions.

Gustavo Sechin, CFO of PagBank, stated, "We started the year with consistent results, which highlights the strength of our strategy and implementation discipline. The reporting period experienced revenue growth along with continuous improvements to our banking platform and operational efficiencies."

During Q1 2026, PagBank's total net revenues reached R$ 3.3 billion, reflecting a 6% increase from the same quarter last year. The notable growth in revenue can be attributed to a remarkable 41% rise in banking revenue year-over-year. This upward trend resulted in an increase in Return on Average Equity (ROAE) to 15.8%, representing an 80 basis points improvement from the prior year.

In terms of customer confidence, PagBank's total deposits soared to R$ 42 billion, a 23% increase compared to the previous year. This surge signifies strong capital structure security, fortified by AAA ratings from the three largest global credit rating agencies. Meanwhile, the bank's loan portfolio also witnessed substantial growth, reaching R$ 5 billion with a year-on-year increase of 36%. Highlights from this area include a 191% growth in working capital loans, alongside notable increases in credit card and payroll loans.

The bank's customer base grew to 34 million, marking a 6% year-over-year increase. Additionally, the number of merchants and enterprises utilizing PagBank services now totals 6.3 million. The total cash-in volume, which includes inflows into PagBank accounts, amounted to R$ 81 billion in the reporting period, up 11% from the previous year.

Carlos Maud, CEO of PagBank, expressed his commitment to small and medium-sized businesses, stating, "We are a fully integrated banking platform specializing in Brazilian entrepreneurs. We will continue to invest in products and services that enable our clients to run their businesses successfully. Our growth will be driven by the simplicity, solidity, and innovation that define one of the largest financial institutions in the country."

As the bank continues to evolve, it strives to provide a comprehensive and unique platform that integrates payment processing, banking services, and loan solutions, all designed to simplify the financial lives of individuals and businesses alike. PagBank's integrated digital ecosystem facilitates efficient financial management with enhanced security, accessibility, and innovation in financial solutions.

PagBank's annual report for Q1 2026 is available for further details.

About PagBank

PagBank aims to promote innovative solutions in financial services and payment methods by automating buying, selling, and transferring processes to support businesses of all sizes securely and effectively.

Regulated as a payment institution by the Brazilian Central Bank, PagBank is part of the UOL Group, Brazil's leading internet company, and offers digital accounts alongside complete solutions for online and in-store payments through mobile and POS devices. Its reliability is backed by AAA credit ratings, assuring clients of its strong governance and commitment to fulfilling financial obligations.

For more inquiries, contact the communications agency XCOM by Atrevia at [email protected].