The digital bank achieved BRL 39.4 billion in deposits and BRL 4.2 billion in loan portfolio, despite the high interest rate environment.
SÃO PAULO, Nov. 13, 2025 /PRNewswire/ — PagBank (NYSE: PAGS), a leading digital bank offering a comprehensive suite of financial services and payment solutions, revealed its performance in the third quarter of 2025 (3Q25), demonstrating strong resilience and solid execution, even in the context of an economic slowdown and high interest rates. During this period, the digital bank continued to increase revenues and optimize its capital structure, thereby strengthening operational efficiency and profitability, with a focus on higher-margin products and sustainable value creation.
“Despite a challenging macroeconomic scenario, we distributed more than BRL 2 billion to shareholders in the form of dividends and share buybacks over the last 12 months. Looking ahead, we remain confident, continuing to expand strategic initiatives and intensifying the use of AI to further simplify our clients’ financial journeys,” said Alexandre Magnani, CEO of PagBank.
In 3Q25, recurring net profit amounted to BRL 571 million. Meanwhile, net revenue grew 14.4% compared to last year, totaling BRL 3.4 billion, driven by accelerated banking platforms, higher financial services revenues and improved operational efficiency.
Deposits totaled BRL 39.4 billion (+15.3% y/y and +6.1% q/q), driven by stronger CDB (Bank Deposit Certificates) distribution, supported by a top-tier solidity rating assigned by a major international credit rating agency. The loan portfolio reached BRL 4.2 billion (+29.9% y/y and +7.2% q/q), with an emphasis on expanding working capital for SMEs, which grew 116% y/y.
“We stand with our 33.7 million customers (+1.6 million new customers in the period), offering a portfolio of integrated digital solutions that support the daily financial lives of individuals and businesses, making them simpler, safer, digital and more accessible,” said Alexandre Magnani. “We remain committed to expanding our services, deepening relationships with entrepreneurs and consumers, and consistently creating value for our shareholders. Loan growth is one of our long-term strategic priorities, which aims to expand access to sustainable and scalable financial solutions for millions of Brazilians,” he said.
To access PagBank’s 3Q25 financial report, click here.
PagBank announced a strategic change in its leadership
PagBank, announced changes in its senior leadership. Starting January 1, 2026, as part of a carefully planned succession process starting in 2024, Carlos Mauad, currently COO, will take over as CEO of the bank. Additionally, Gustavo Sechin, the current Head of IR, will become the agency’s new CFO.
Alexandre Magnani, CEO of PagBank, and Artur Schunk, CFO of PagBank, will be appointed to the Company’s Board of Directors, where they will be able to support the executives during the transition to their new roles, ensuring a smooth handover.
“I am confident that, under Mauad’s leadership, PagBank will be ready to move forward into its next chapter of growth. With more than two decades of extensive experience in the banking sector and credit markets in Brazil, his expertise will be crucial in the expansion and strengthening of PagBank as one of the leading digital banks in the country,” said Alexandre Magnani.
For Artur Schunk, ‘There is no doubt that Sechin will continue his clear and transparent communication with the market and our shareholders. This transition reflects PagBank’s maturity and strengthening of our business model, despite management changes.’
PagBank, which in recent years has expanded its role in the Brazilian national system, strengthens its commitment to building the bank of the future, focusing on the best experience for its customers, with whom the Company continues to be a partner in success, offering a complete, simple, secure and accessible ecosystem.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact, including, but not limited to, statements regarding the Company’s expectations, intentions, beliefs or strategies, are forward-looking statements. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “should,” “may,” “will” and variations of these words and similar expressions are intended to identify such forward-looking statements. These statements reflect the current views of the company’s management and are subject to various risks and uncertainties. It is based on various assumptions and factors, including economic and market conditions, industry conditions, and operational factors. Any change in these assumptions or factors could cause actual results to differ materially from the company’s current expectations.
About PagBank
PagBank promotes innovative solutions in financial services and payment methods, automating buying, selling and transfer processes to promote the business of any person or company simply and safely. PagBank, a company of the UOL Group – Brazil’s leading internet company – acts as issuer and acquirer, offering digital accounts and complete solutions for online and face-to-face payments (via mobile devices and POS).
PagBank also offers a variety of payment methods, including credit and prepaid cards, bank transfers, boleto payments, and account balances, among others. PagBank (PagSeguro Internet Instruição de Pagamento SA) is regulated by the Central Bank of Brazil as a payment institution, electronic money issuer, postpaid instrument issuer and acquirer, with partnerships with leading card brands. Its parent company, PagSeguro Digital Ltd., is publicly traded on the New York Stock Exchange (NYSE: PAGS) and regulated by the Securities and Exchange Commission (SEC). The distribution of mutual funds is carried out by BancoSeguro SA which is authorized by the Central Bank of Brazil and the Securities and Exchange Commission, and is affiliated with ANBIMA.
PRESS CONTACT
XCOM – PagBank Communications Agency
Isabelle Bonizzi / (email protected) / (11) 96436-5456 Cláudio Monteiro / (email protected) / (11) 98970-4477 Deborah Slobodticov / (email protected) / (11) 98829-7900 Visit the PagBank Press Room.
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