PagBank recurring profit rallies as credit portfolio jumps

PagBank (NYSE:PAGS) posted a recurring net income of R$ 678 million for the fourth quarter of 2025, supported by a double-digit increase in deposits and an accelerating credit business.

The company’s customer base climbed to 34 million during the quarter, with total deposits rising 12.6% year-over-year to R$ 40.7 billion.

This influx of capital has fueled a significant expansion in lending; PagBank’s credit portfolio reached R$ 4.6 billion, representing a 32.8% increase compared to the previous year.

Most notably, working capital loans surged 170.1% year-over-year, reflecting a strategic focus on supporting small and medium-sized enterprises (SMEs).

Operating efficiency remained a highlight, with the company reporting a recurring Return on Average Equity (ROAE) of 18.4%.

Total Payment Volume (TPV) also saw a sequential acceleration of approximately 10%, indicating resilient consumer spending within the Brazilian market.

Meanwhile, PagBank’s expanded credit portfolio—which includes broader financial exposures—totaled R$ 49.7 billion at year-end.