Brazil's BTG Pactual posts Q2 earnings beat as revenue jumps

SAO PAULO, Aug 12 (Reuters) - Brazilian lender BTG Pactual BPAC3.SA reported better-than-expected second-quarter results on Tuesday, with revenues across all business segments rising by double-digit percentages on a yearly basis.

WHY IT'S IMPORTANT

BTG Pactual is Latin America's largest investment bank and has been driving an international push, including the recent purchase of HSBC's operations in Uruguay.

BY THE NUMBERS

BTG reported an adjusted net income of 4.18 billion reais ($767.89 million) for the April-June period, up 42% from the previous year. Analysts polled by LSEG had expected a bottom line of 3.63 billion reais.

Total revenue came in at 8.29 billion reais, a 38.5% increase, also exceeding forecasts of 7.32 billion reais.

Return on average equity (ROAE), a gauge of profitability, stood at 27.1%, up from 22.5% a year earlier.

ADDITIONAL CONTEXT

The lender said it posted significant year-on-year revenue growth across all business segments, including investment banking (+40%), corporate lending (+37%), and sales and trading (+38%).

KEY QUOTE

"We closed another quarter with outstanding results, marked by record-breaking performances in nearly all business lines and an exceptional ROAE. These figures reflect our consistent ability to create value and the strength of our diversified business model," CEO Roberto Sallouti said in a statement.

($1 = 5.4435 reais)