Banco Santander Brasil S.A. (SANB11) shares came under heavy pressure today after the lender reported second-quarter 2026 recurring net income of R$ 3.01 billion, missing analyst consensus and confirming profitability remains challenging for the Brazilian banking sector. The net result represented a significant 17.6% drop year-over-year and fell short of the R$ 3.9 billion expected by LSEG-polled analysts. The weakness rippled across the financial segment of the B3, with the Ibovespa Index (IBOV) trading down 1.03% to 174,749.92, while competitor Itaú Unibanco (ITUB4) fell 1.98% to R$ 42.01.