Banco Pan (BPAN4.SA) Stock Price

Banco Pan Price

Delisted

Revenue has compounded at 9.4% per year over the past 19 years to 6.12 B BRL. Earnings per share have declined at 1.5% per year over the last 18 years. Banco Pan's net margin stands at 7.3%, up from 5.9% several years earlier. The payout ratio is around 63% of earnings. The dividend has grown at 11.3% per year over the past 16 years.

Banco Pan stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Banco Pan over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Banco Pan stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Banco Pan's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Banco Pan Stock Price History
DateBanco Pan Price
Access this data via the Eulerpool API

Banco Pan Revenue, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
Net Income
Details
Date
Revenue
Net Income
Jan 1, 2021
11.29 B BRL
774.60 M BRL
Jan 1, 2022
15.37 B BRL
706.11 M BRL
Jan 1, 2023
6.12 B BRL
444.04 M BRL
Jan 1, 2024 (e)
11.01 B BRL
905.49 M BRL
Jan 1, 2025 (e)
11.39 B BRL
851.86 M BRL
Jan 1, 2025 (e)
11.36 B BRL
864.24 M BRL
Jan 1, 2026 (e)
13.62 B BRL
1.34 B BRL
Jan 1, 2027 (e)
17.79 B BRL
1.82 B BRL

Banco Pan Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 30, 2026, 11:44 PM
 
REVENUEB BRL
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB BRL
NET INCOMEB BRL
NET INCOME GROWTH%
DIV.BRL
DIV. GROWTH%
SHARESB
2012201320142015201620172018201920202021202220232024e2025e2026e2027e
5.915.436.288.458.128.957.828.7610.1511.2915.376.1211.0111.3613.6216.44
-2.09-8.0915.7434.48-3.8410.21-12.6011.9415.9311.2036.12-60.1779.89-0.2619.85-7.60
103.47112.5997.2872.3375.2268.2578.0969.7660.1849.8952.7499.8299.8299.8299.8299.82
6.116.116.116.116.116.116.116.116.115.638.116.1110.9911.3413.5916.41
-0.36-0.150.010.01-0.240.210.220.520.660.770.710.440.910.861.341.88
-257.58-58.52-104.6414.29-3,062.50-189.454.25133.0327.1818.17-8.79-37.11103.831.5354.752.96
0.070.370.220.220.270.39
-40.5422.7321.88
0.540.540.390.390.930.931.141.211.211.211.261.271.271.271.271.27
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Banco Pan generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Banco Pan retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Banco Pan's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Banco Pan has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Banco Pan's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Banco Pan stock margins

The Banco Pan margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Banco Pan. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Banco Pan.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Profit margin
Details
Date
Profit margin
Jan 1, 2019
5.89 %
Jan 1, 2020
6.46 %
Jan 1, 2021
6.86 %
Jan 1, 2022
4.59 %
Jan 1, 2023
7.25 %
Jan 1, 2024 (e)
8.22 %
Jan 1, 2025 (e)
7.48 %
Jan 1, 2025 (e)
7.61 %

Banco Pan Revenue per Share, Earnings per Share

The Banco Pan earnings per share therefore indicates how much revenue Banco Pan has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
Earnings per Share
Details
Date
Revenue per Share
Earnings per Share
Jan 1, 2019
7.27 BRL
0.43 BRL
Jan 1, 2020
8.43 BRL
0.54 BRL
Jan 1, 2021
9.37 BRL
0.64 BRL
Jan 1, 2022
12.23 BRL
0.56 BRL
Jan 1, 2023
4.82 BRL
0.35 BRL
Jan 1, 2024 (e)
8.67 BRL
0.71 BRL
Jan 1, 2025 (e)
8.97 BRL
0.67 BRL
Jan 1, 2025 (e)
8.94 BRL
0.68 BRL

Banco Pan business model & stock analysis

Banco Pan SA is a Brazilian bank that has been operating in the market since 1969 and is based in São Paulo. The company was founded by three major automobile manufacturers: Ford Motor Company, Volkswagen AG, and Mercedes-Benz AG. The goal was to offer financing solutions for car buyers. Over the years, Banco Pan has evolved into a full-service bank and now offers a wide range of financial products and services. The bank's business model focuses on the retail market, including providing banking and financial services to retail customers, small and medium-sized enterprises, and auto dealers. Banco Pan's various divisions can be divided into three main areas: Retail, Wholesale, and Insurance. In the Retail segment, the bank offers products such as checking accounts, credit cards, loans, investments, and insurance. In the Wholesale segment, it offers corporate solutions such as corporate loans, foreign exchange trading, and treasury solutions. The insurance segment focuses on selling car insurance and other non-life insurance products. One of Banco Pan's most well-known services is its auto financing service. The bank works closely with automobile manufacturers to offer financing solutions to customers who want to buy a new or used car. The loan process is quick and easy, and the terms are typically flexible and competitive. In 2011, Banco Pan merged with Caixa Econômica Federal, the second-largest state-owned bank in Brazil. The merger expanded Banco Pan's business and allowed the bank to expand its retail and wholesale offerings and strengthen its market position. Currently, Banco Pan is a subsidiary of the investment group BTG Pactual and has over 5 million customers in Brazil. The bank has an extensive network of branches and ATMs throughout the country, allowing customers to access their accounts and financial services when needed. Overall, Banco Pan has become a versatile bank over the past few decades, offering financial solutions for various customer segments. From auto financing services to corporate financing solutions, the company is committed to providing its customers with a wide range of services and products. With a broad range of services, a strong presence in the market, and an extensive network of branches and ATMs, Banco Pan is well positioned to remain a key player in the Brazilian financial sector in the future.

Banco Pan SWOT Analysis

Strengths

Banco Pan SA holds a significant market share in the financial industry, allowing it to establish a solid customer base and generate stable revenue streams.

The bank offers a wide range of financial products and services, including loans, credit cards, insurance, and investment options. This diversification helps Banco Pan SA cater to various customer needs and enhance its competitiveness.

Weaknesses

Banco Pan SA heavily relies on the performance of the Brazilian economy. Any downturn or instability in the market can significantly impact the bank's profitability and growth prospects.

The bank has a relatively small international presence, which makes it susceptible to fluctuations in the domestic market. Lack of geographic diversification may pose challenges for Banco Pan SA in terms of expanding its customer base and revenue streams.

Opportunities

With the increasing adoption of digital banking services, Banco Pan SA has the opportunity to leverage technology and offer innovative solutions that can attract tech-savvy customers and streamline its operations.

As the middle-class population continues to grow in Brazil, Banco Pan SA can tap into this expanding market segment by developing tailored financial products and services to cater to their specific needs and preferences.

Threats

Banco Pan SA faces fierce competition from both traditional banks and emerging digital banking players. This competitive landscape may erode the bank's market share and profitability if it fails to differentiate itself and deliver superior customer experiences.

Factors such as fluctuations in interest rates, inflation, and political instability in Brazil can create uncertainties in the financial market, affecting Banco Pan SA's ability to lend, attract investments, and manage risks effectively.

Banco Pan Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Banco Pan historical P/E ratio, EBIT multiple, and P/S ratio

Banco Pan annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Banco Pan shares outstanding

The number of shares of Banco Pan was 1.27 B in 2025. This indicates how many shares Banco Pan is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2019
1.21 B Stocks
Jan 1, 2020
1.21 B Stocks
Jan 1, 2021
1.21 B Stocks
Jan 1, 2022
1.26 B Stocks
Jan 1, 2023
1.27 B Stocks
Jan 1, 2024 (e)
1.27 B Stocks
Jan 1, 2025 (e)
1.27 B Stocks
Jan 1, 2025 (e)
1.27 B Stocks

Banco Pan Dividend History

14 years of dividend payments

YearAnnual DividendYoY ChangePayments
20240.24BRL 12.3%
20230.22BRL 22.8%
20220.28BRL 24.4%
20210.22BRL 39.7%
20200.37BRL 388.8%
20190.08BRL 24.2%
20180.06BRL 1,701.9%
20160.00BRL 74.0%
20150.00BRL 97.2%
20120.07BRL 49.9%

Banco Pan dividend history and estimates

In 2025, Banco Pan paid a dividend amounting to 0.32 BRL. Dividend means that Banco Pan distributes a portion of its profits to its owners.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2019 (e)
0.08 BRL
0.00 BRL
0.00 BRL
Jan 1, 2020
0.37 BRL
0.00 BRL
0.00 BRL
Jan 1, 2021
0.22 BRL
0.00 BRL
0.00 BRL
Jan 1, 2022 (e)
0.28 BRL
0.00 BRL
0.00 BRL
Jan 1, 2023 (e)
0.00 BRL
0.22 BRL
0.00 BRL
Jan 1, 2024 (e)
0.00 BRL
0.27 BRL
0.00 BRL
Jan 1, 2025 (e)
0.00 BRL
0.32 BRL
0.06 BRL
Jan 1, 2025 (e)
0.00 BRL
0.39 BRL
0.08 BRL

Banco Pan dividend payout ratio

In 2025, Banco Pan had a payout ratio of 48.07%. The payout ratio indicates the percentage of the company's profits that Banco Pan distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2019
17.66 %
Jan 1, 2020
68.75 %
Jan 1, 2021
34.99 %
Jan 1, 2022
49.59 %
Jan 1, 2023
63.27 %
Jan 1, 2024 (e)
37.69 %
Jan 1, 2025 (e)
48.07 %
Jan 1, 2025 (e)
56.86 %
Price targets and forecasts for Banco Pan are not yet available.

Banco Pan Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/2/20240.19BRL2.24 BBRL2024 Q1
2/6/20240.17BRL2.29 BBRL2023 Q4
8/7/20230.19BRL-BRL2023 Q2
5/2/20230.19BRL-BRL2023 Q1
2/6/20230.18BRL-BRL2022 Q4
11/3/20220.16BRL-BRL2022 Q3
8/8/20220.20BRL2.17 BBRL2022 Q2
5/3/20220.20BRL-BRL2022 Q1
11/3/20210.18BRL-BRL2021 Q3
7/30/20210.15BRL-BRL2021 Q2

EESG©

Eulerpool ESG Scorecard© for the Banco Pan stock

57/100
59
Environment
91
Social
21
Governance
E

Environment

20
Scope 1 - Direct Emissions23.46
Scope 2 - Indirect emissions from purchased energy90.09
Scope 3 - Indirect emissions within the value chain2,716.31
Total CO₂ emissions113.55
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees42.775
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Banco Pan shareholder structure

% Name
25.38295%
Banco BTG Pactual SA
Banco BTG Pactual SA
2.38030%
BTG Pactual WM Gestão de Recursos Ltda.
BTG Pactual WM Gestão de Recursos Ltda.
1.97636%
Credit Suisse Hedging-Griffo Asset Management S.A.
Credit Suisse Hedging-Griffo Asset Management S.A.
1.81883%
Unity Capital Gestora de Investimentos Ltda.
Unity Capital Gestora de Investimentos Ltda.
0.70435%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
0.61066%
Investis Asset Management S.A. S.G.F.C.I
Investis Asset Management S.A. S.G.F.C.I
...

Banco Pan Executives and Management Board

RS

Mr. Roberto Balls Sallouti

(52)

Chairman of the Board

AC

Mr. Andre Calabro

(51)

Chief Executive Officer, Member of the Executive Board

LS

Mr. Leonardo Ricci Scutti

Chief Financial and Investor Relations Officer, Member of the Executive Board

CC

Mr. Caio Cassano

(43)

Member of the Executive Board

BP

Mr. Bruno Emil Peuker

(43)

Member of the Executive Board

Frequently asked questions about Banco Pan

Banco Pan SA is primarily present in Brazil, serving as one of the country's leading financial institutions. With its headquarters located in São Paulo, the bank operates throughout various regions of Brazil, including but not limited to Rio de Janeiro, Minas Gerais, Bahia, and São Paulo itself. This widespread presence allows Banco Pan SA to cater to the diverse financial needs of individuals and businesses across the nation, offering a range of banking and financial services. As a prominent player in the Brazilian market, Banco Pan SA focuses on delivering innovative solutions and excellent customer service to its clients.

All fundamentals and in-depth analysis of Banco Pan

Our stock analysis for Banco Pan stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Banco Pan. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.