PagBank closed 2024 with an all-time high net profit of R$2.3 billion, representing a 28% increase compared to 2023. For the fourth quarter of 2024, the company reported net revenues of R$5.1 billion, an 18% increase year-over-year, and a net income of R$631 million, a 21% surge.
The company's Total Payment Volume (TPV) reached a record R$518.4 billion for the full year 2024, growing 31.5% year-over-year, with Q4 2024 TPV at R$146 billion, up 28.4% from Q4 2023. Diluted Earnings Per Share (EPS) on a GAAP basis grew 30% to R$6.62 for the full year, and 24.7% to R$1.91 for Q4 2024. Return on Average Equity (ROAE) reached 15.2% in 2024.
PagBank's credit portfolio expanded to R$48 billion, reflecting a 46% year-over-year growth, while total deposit volume increased 31% year-over-year to R$36.1 billion. The banking segment's gross profit grew an impressive 80% year-over-year in Q4 2024, now contributing 18% of total gross profit. The company also repurchased R$784 million in shares during 2024, including R$356 million in Q4, completing over 50% of its US$200 million buyback program.
For 2025, PagBank projects investments between R$2.2 billion and R$2.4 billion, with expected gross profit growth between 7% and 11%, and EPS growth in the range of 11% to 15%. The company's NPL90 improved from 3.2% to 2.3% in the last 12 months, demonstrating strong risk management.
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