Bank Bradesco Reports Strong 4Q25 & Full-Year 2025 Results, Exceeding Guidance; Provides Positive 2026 Outlook
BBD has more than doubled off its 52-week low of $1.93.
Summary
Bank Bradesco announced strong financial results for the fourth quarter and full-year 2025, with recurring net income growing significantly and key metrics surpassing prior guidance, alongside a positive outlook for 2026.
Key Events · Earnings and Guidance · BBD
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Strong Profitability Growth
Recurring net income for 4Q25 was R$6.5 billion, a 20.6% increase year-over-year, with a Return on Average Equity (ROAE) of 15.2%. Full-year 2025 profit reached R$24.7 billion, up 26.1% compared to 2024.
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Exceeded Loan Portfolio Guidance
The expanded loan portfolio grew 11.0% year-over-year to R$1.089 trillion in December 2025, surpassing the upper limit of the company's 2025 guidance range.
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Stable Credit Quality
The delinquency ratio (over 90 days NPL) remained stable at 4.1% for the third consecutive quarter, reflecting effective loan concession and recovery processes.
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Positive 2026 Guidance
For 2026, the company expects continued profitability evolution, with projected expanded loan portfolio growth of 8.5% to 10.5% and NII Net of Provisions between R$42 billion to R$48 billion.
Analysis · BBD · Finance
Bank Bradesco delivered robust financial performance for the fourth quarter and full-year 2025, demonstrating significant profitability growth and strong operational metrics. The company's recurring net income for 4Q25 increased substantially year-over-year, contributing to a solid full-year profit that exceeded 2024 figures. Notably, the expanded loan portfolio growth surpassed the high end of the company's 2025 guidance, while the delinquency ratio remained stable, indicating effective credit risk management. This comprehensive report follows a prior 6-K filing on 2026-02-05, which likely provided preliminary 2026 growth guidance, with this filing now offering the full detailed results and outlook. The positive 2026 guidance, projecting continued profitability evolution and loan portfolio expansion, reinforces a favorable outlook for the bank.
At the time of this filing, BBD was trading at $3.87 on NYSE in the Finance sector, with a market capitalization of approximately $39.3B. The 52-week trading range was $1.93 to $4.29. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.