13/05/2019; Publicado às 18:01

BTG Pactual Reports 1Q 2019 Financial Results

BTG Pactual (B3:BPAC11) today reported adjusted net income of R$721 million in the first quarter of 2019, 9.3% higher than the same period a year ago. Revenues totaled R$1.482 billion, and the Bank’s BIS ratio was 17.6%.

Investment Banking had strong performance in the quarter, recording revenues of R$175.4 million, which were 103.9% higher than 4Q18 and 59.3% higher than 1Q18. Revenue growth was driven by all operating fronts, particularly in the segments of Financial Advisory Services and Debt Capital Markets.

In the Wealth Management business, wealth under management (WuM) was R$133.6 billion in 1Q19, up 12.1% and 33.4% compared to 4Q18 and 1Q18, respectively. The business continued to deliver strong results, with  revenues of R$131 million, a 26.5% year-over-year increase. In Asset Management, total assets under management (AuM and AuA) were R$214.4 billion in the quarter. Asset Management revenue totaled R$167 million, 34.1% higher than the same period a year ago.

Adjusted net income per share was R$0.83 and annualized return on average equity (annualized ROAE) totaled 15.1% in the quarter.

“Solid financial results were driven by the performance of our stable core franchises, even in the context of muted economic activity in the region. By using our operating leverage, investing more in technology and innovation, and growing our core businesses, BTG Pactual is well positioned to deliver for our shareholders, clients and communities,” said Roberto Sallouti, CEO of BTG Pactual.

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