Brazilian Bank Listed on B3 to Pay Nearly R$12 Per Share in Dividends and Interest on Equity
Banco da Amazônia will distribute R$631.6 million to shareholders who held the stock at the close of trading on Tuesday, June 9. The payment includes R$420.3 million in interest on equity (JCP) and R$211.3 million in dividends. The gross payout amounts to R$11.26 per share, but this figure will be updated by the Selic benchmark rate until the payment date, scheduled for June 19, which means the total could exceed R$12 per share. As of Tuesday, June 9, the amount had already reached R$11.94 per share after monetary correction, according to the bank. The breakdown is R$7.94 per share in JCP and R$3.99 per share in dividends.
JCP payments are subject to a 17.5% income tax withholding for investors who do not have tax exemption or immunity, so the net amount received by those shareholders will be lower than the gross figure.
The distributions were approved at a shareholders’ meeting held on Tuesday, June 9, based on Banco da Amazônia’s results for the first quarter of 2026. The bank reported net income of R$47.5 million in the period, an 84.5% drop from the R$307.5 million earned in the same quarter of 2025. The sharp decline was linked to higher provisioning expenses, driven by the difficult conditions in agribusiness.
In its earnings report, the bank said that the environment of high interest rates, exchange-rate volatility, rising production costs, and indirect effects from international geopolitical tensions hurt the financial capacity of some clients. That pressure affected default levels, which ended the quarter at 5.39%. Management responded by conservatively increasing expected losses on financial assets.
Banco da Amazônia also tightened credit approval and renewal requirements, increased collateral demands, and stepped up preventive monitoring and recovery efforts on loan operations. The bank expects a gradual improvement in delinquency and profitability indicators in the coming quarters.
Despite the weak quarterly result, Banco da Amazônia shares rose sharply on Tuesday, June 9, following the approval of the payouts. The state-controlled lender has nearly 3% of its shares traded on Brazil’s B3 stock exchange, or about 1.7 million shares. At 2:40 p.m., the stock was up 3.89% at R$69.10.
