Bradesco reported a loan portfolio above BRL 1 trillion, up 11.1% year over year and 1.1% from the prior quarter, and its CET1 ratio stood at 12.1% following a recently completed BRL 10 billion capital increase. Net interest margin was 9.0%, diluted by 0.3 percentage points due to fast growth in large corporate lending. The over-90-day NPL ratio rose to 4.6% from 4.3%, with half of the increase in FGI and FGO guaranteed portfolios; management said cost of risk is under some pressure but concentrated in specific loans. Insurance ROE reached 22%, while private payroll loans grew 102% year over year. The bank is also reorganizing its retail and high-income segments, with migration of Principal clients targeted for December 2026.
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Original headline: Bradesco ( BBD ) Q3 2026 Earnings Call Transcript
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- Bradesco ( BBD ) Q3 2026 Earnings Call Transcript
Bradesco reported Q3 2026 results with its loan portfolio at BRL 1 trillion 150 billion, up 11.1% year over year, following a BRL 10 billion capital increase. Growth came mainly from large corporate lending, private payroll loans (up 102%) and vehicle financing (up 27%), while unsecured personal loans were intentionally reduced. The over-90-day NPL ratio rose to 4.6% from 4.3%, with half the increase in FGI and FGO guaranteed portfolios, and management cited high real interest rates near 10% as a pressure on borrowers. The insurance division posted a 22% ROE and CET1 stood at 12.1%. Some 45 million digital wholesale clients have moved to remote platforms, and the AI assistant handles 90% of initial customer inquiries.
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