THEBanking, complete digital bank in financial services and payment methods, whose purpose is to facilitate the financial life of people and businesses, closed the fourth quarter of 2024 (4Q24) with anet revenue of R$ 5,1 billion, an increase of 18% compared to the same period last year, andnet profit of R$ 631 million, reflecting a 21% year-over-year increase, reaffirming its capacity for sustainable growth and resilience in the face of a challenging macroeconomic scenario. Still in this context, the return on equity (ROAE) reached 15,2% in 2024, what reinforces the solidity of the results
"The performance of PagBank in the last quarter of 2024 proves our ability to navigate through different economic cycles with consistency". Even in the face of challenges such as high interest rates and exchange rate volatility, we maintained our growth strategy, expanding businesses, "conquering new clients and strengthening our financial services platform", highlights Alexandre Magnani, CEO of PagBank
No 4T24, PagBank reached the mark of33,2 million customers, a growth of 2,1 million customers in a year. The total volume processed in payments(TPV) reached R$ 146 billion, what represents a 28% increase over the fourth quarter of 2023. Already in the year, the GDP was R$ 518 billion, a growth of 32% compared to 2023
The company invested R$ 2,3 billion in technology throughout 2024, launching new products and services, improving the quality of service to our customers and expanding the business
The expanded credit portfolio also stood out, reachingR$ 48 billion, um crescimento de 46% a/a. The total volume of deposits amounted toR$ 36,1 billion um aumento de 31% a/a, reflecting the trust of clients in the Institution
"PagBank is a complete digital bank", offering our clients access to a diversified portfolio of financial and payment products and services ranging from acquiring solutions, as well as, credit products, investments, insurance, among others. We are present throughout the country, we currently have the largest acceptance network for payment solutions, with6,3 million merchants. The robustness of our financial ecosystem is also evidenced by the nearly 18 million active customers who choose PagBank as their main Banking platform, Gustavo Sechin scores, IR Director, ESG, Market Intelligence and PagBank Economy
Financial discipline and the pursuit of greater operational efficiency resulted in a 74 basis point expansion in operational leverage for the quarter. The share buyback program, which totaled R$ 784 million in 2024, reinforces PagBank's commitment to generating value for shareholders. We remain focused on maximizing returns for our investors, combining solid growth with disciplined financial management. In this sense, PagBank not only grows in scale, but strengthens your profitability consistently, says Artur Schunck, CFO of PagBank
Outlook for 2025: keeping an eye on market movements and focusing on growth
PagBank maintains a positive outlook for 2025. The bank expects to continue expanding its customer base, expanding the product offering and increasing its market share, always guided by financial solidity and innovation
We remain committed to our purpose of making the financial lives of people and businesses easier, delivering an experience that consolidates and simplifies our clients' financial relationships. Our expectation for 2025 is to expand our presence in the market, reinforcing our commitment to our customers, "shareholders and business partners", concludes Magnani
In addition to the expansion in business, PagBank continues to advance its ESG initiatives, consolidating itself as a reference in the financial sector for good environmental practices, social and governance
To access PagBank's financial statements for Q4 2024, Click here.
