Brazil · Delayed Price · Currency is BRL Banco Bradesco Earnings Call Transcripts
Fiscal Year 2025
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Recurring net income grew 26.1% in 2025, with ROAE at 15.2% and strong loan and insurance growth. Digital and SME segments expanded, technology investments rose 22%, and guidance for 2026 targets further growth, efficiency, and stable capital ratios.
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Recurring net income rose to BRL 6.1 billion with ROAE at 14.6%, driven by strong revenue, fee, and insurance growth. Loan book and credit quality remain robust, while digital and tech initiatives boost efficiency. Guidance for fee and insurance income was raised.
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Recurring net income rose 39% year-on-year to BRL 5.9 billion, driven by strong loan growth, higher NII, and robust insurance results. The loan book reached BRL 1 trillion, with efficiency gains from technology and a stable risk profile supporting optimism for 2025.
Fiscal Year 2024
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Net income grew 20% year-over-year to BRL 19.6 billion in 2024, driven by revenue growth, digital transformation, and disciplined cost control. The loan portfolio expanded nearly 12%, with a focus on secured lending and cautious risk management, while capital ratios improved post-regulatory adjustments.
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Recurring net income rose 11% quarter on quarter to BRL 5.2 billion, with strong loan and fee income growth, improved asset quality, and robust insurance results. The bank is executing on digital transformation, launching a new high net worth segment, and maintaining guidance for 2024.
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U.S. consumer and commercial banking remain strong, with robust spending and asset quality. International growth is driven by digital platforms and market share gains, while investments in technology and local integration support expansion. Capital and expense management remain disciplined.
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Q2 2024 net income rose 12% quarter-on-quarter to BRL 4.7 billion, driven by balanced loan growth, improved NPLs, and strong client NII. Guidance for 2024 net income is BRL 17.5–18.5 billion, with further margin and efficiency gains expected in H2.