Santander Brasil beats profit estimates as interest income jumps
SAO PAULO, July 27 (Reuters) - Banco Santander Brasil SA beat second-quarter profit estimates on Tuesday, after the nation's largest foreign lender reaped bigger-than-expected jump in interest and fee income that offset the impact of higher loan-loss provisions.
In a securities filing, Santander Brasil reported net income excluding one-time items of 1.806 billion reais ($551 million) last quarter, up 9 percent from the prior three months. The result in recurring profit came in well above the consensus estimate of 1.397 billion reais compiled by Thomson Reuters.
($1 = 3.2768 Brazilian reais) (Reporting by Guillermo Parra-Bernal)
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