BTG (BPAC11): Profit jumps 42% in 2Q25, reaching R$ 4.2 billion and hitting record; profitability rises to 27% distancing from Itaú (ITUB4)

BTG not only surpassed but also distanced itself from Itaú in terms of profitability. BTG Pactual (BPAC11) closed the second quarter of 2025 with a record adjusted net profit of R$ 4.2 billion, a 42% increase from the same period last year, according to a document sent to the market on Tuesday (12). The result also exceeded Bloomberg’s consensus expectation of R$ 3.64 billion. ROE, which measures return on equity, stood at 27.1% for the year, a four percentage-point increase. This way, BTG not only surpassed but also distanced itself from Itaú (ITUB4) in terms of profitability, which reached 23.3% this quarter. With the deterioration of Banco do Brasil’s numbers (BBAS3), which closed the first quarter with an ROE of 15.8%, BTG, along with Itaú, is part of the select list of banks that managed to maintain profitability above 20%. Santander (SANB11) has an ROE of 16%, and Bradesco (BBDC4), which is improving, has 14.6%.