Banco Santander (Brasil) S.A. announced audited consolidated and parent earnings results for the fourth quarter and full year ended December 31, 2016. For the year, on consolidated basis, the company's operating income was BRL 13,778.9 million compared with operating loss of BRL 377.4 million a year ago. Income before taxes on income and profit sharing was BRL 13,363.3 million compared with BRL 189.0 million a year ago. Consolidated net income was BRL 5,533.0 million compared with BRL 6,998.3 million a year ago. Adjusted operating income was BRL 7,720.9 million compared with BRL 9,931.6 million a year ago. The company reported financial income of BRL 85.9 billion compared with BRL 80.8 billion a year ago. Net interest income was BRL 31,501 million against BRL 29,636 million a year ago. Fee and commission income was BRL 13,718 million against BRL 11,867 million a year ago. Managerial net profit was BRL 7,339 million against BRL 6,624 million a year ago. Return on average equity excluding goodwill – annualized was 13.3% against 12.8% a year ago. Return on average asset excluding goodwill – annualized was 1.1% against 1.1% a year ago. Book value per unit as on December 31, 2016 was BRL 14.8 against BRL 13.5 as at December 31, 2015. For the quarter, on consolidated basis, the company's operating income was BRL 1,699.7 million compared with BRL 1,950.3 million for the third quarter of 2016. Income before taxes on income and profit sharing was BRL 1,244.4 million compared with BRL 1,969.4 million for the third quarter of 2016. Consolidated net income was BRL 1,537.5 million compared with BRL 1,435.5 million for the third quarter of 2016. Adjusted operating income was BRL 1,662.7 million compared with BRL 1,581.3 million for the third quarter of 2016. The company reported financial income of BRL 42.5 billion. Net interest income was BRL 7,826 million, fee and commission income was BRL 3,862 million and managerial net profit was BRL 1,989 million. Return on average equity excluding goodwill – annualized was 13.9% and Return on average asset excluding goodwill – annualized was 1.2%. For the quarter, on parent basis, the company reported financial income of BRL 45.3 billion, operating income of BRL 3.5 billion, income before taxes on income and profit sharing of BRL 3.0 billion, net income of BRL 2.97 billion or BRL 394.92 per thousand shares, net cash provided by operational activities of BRL 3.1 billion, acquisition of fixed assets of BRL 0.28 billion, and acquisition of intangible assets of BRL 0.43 billion. For the year, on parent basis, the company reported financial income of BRL 90.97 billion compared with BRL 82.7 billion a year ago. Operating income was BRL 13.1 billion compared with loss of BRL 1.0 billion a year ago. Income before taxes on income and profit sharing was BRL 12.6 billion compared with loss of BRL 0.49 billion a year ago. Net income was BRL 5.5 billion or BRL 735.09 per thousand shares compared with BRL 6.98 billion or BRL 928.25 per thousand shares a year ago. Net cash provided by operational activities was BRL 9.2 billion compared with BRL 1.96 billion a year ago. Acquisition of fixed assets was BRL 0.59 billion compared with BRL 0.82 billion a year ago. Acquisition of intangible assets was BRL 1.1 billion compared with BRL 1.1 billion a year ago.