BTG Pactual ends 2023 with record revenue and net income, resulting in ROAE of 22.7% for the year and 23.4% in 4Q23



AuM/AuM reached R$ 1.6 trillion, with a strong net inflow of R$ 205 billion for the year

SÃO PAULO, Feb. 5, 2024 /PRNewswire/ — BTG Pactual (BPAC11), the largest investment bank in Latin America, concluded 2023 with total revenues of R$ 21.6 billion and adjusted net income of R$ 10.4 billion, record results for the period, with a 25% growth compared to 2022 in both balance sheet lines. The adjusted return on equity (ROAE) was 22.7%. In the fourth quarter of 2023, total revenues reached R$ 5.7 billion, a 56% increase compared to 4Q22, when we recognized the impact of a non-recurring provision. Adjusted net income was R$ 2.8 billion, a 61% growth in the same comparison.

The bank reported significant growth in key business lines throughout the year, especially in the client franchises. In 2023, BTG net inflows were R$ 205 billion, reaching R$ 1.6 trillion in client assets under management and administration. In the quarter, the net inflows (NNM) were R$ 41 billion.

“In a challenging year in credit and capital markets, we were able to deliver record performance, with significant expansion of our client franchises. We continue to gain operational leverage in our platform, while strengthening our customer-centric culture.”, says Roberto Sallouti, CEO of BTG Pactual. 

The Investment Banking division maintained its industry-leading position, despite a more restricted capital market …

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