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State: 17.08.2024 | 11PM
Thu, 29.02.2024       PagSeguro Digital
KYG687071012

In Payments, TPV growth in 4Q23 reached +21% y/y, more than 2x industry growth;

Digital bank reached 31 million clients, totaling R$28 billion in Deposits;

The results consolidate the business expansion and diversification beyond longtail and POS devices

SÃO PAULO, Feb, 29, 2024 /PRNewswire/ -- PagBank (NYSE: PAGS), a complete digital bank in financial services and payments solution and one of the largest digital banks in the country, announces its results for the fourth quarter of 2023 (4Q23). Among the main highlights, the Company posted a record net income (Non-GAAP) of R$520 million in 4Q23 (+27% y/y and +18% q/q), concluding 2023 with almost R$1.8 billion for the year (+11% y/y), the highest in the Company's history. Net income, in GAAP basis, reached R$488 million in the fourth quarter (+20% y/y and +19% q/q), totaling R$1.65 billion for the year (+10% y/y).

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