Bradesco 1H26: Recurring Net Income Hits R$12.5B, Up 5.5% YoY; Board Greenlights R$10B Rights Offering
BBD sits 22% above its 52-week low of $2.83.
Summary
Bradesco posted 1H26 recurring net income of R$12.5 billion, a 5.5% YoY rise, and approved a R$10 billion rights offering backed by controlling shareholders.
Key Events · Earnings and Guidance · BBD
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1H26 Recurring Net Income R$12.5B
Recurring net income rose 5.5% year-over-year to R$12.5 billion, with the second quarter alone up 16.2% to R$7.1 billion, driven by resilient revenues and cost control.
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R$10B Rights Offering Approved
The board approved a capital increase of up to R$10 billion via a rights offering, with controlling shareholders committing to subscribe at least R$8 billion. Proceeds will fund strategic investments.
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Loan Portfolio Expands 11.6%
The expanded loan portfolio reached R$1.14 trillion, with corporate loans growing 14.1% and individual loans up 8.4%, reflecting strong credit demand.
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Deposits Surge 21.9%
Total deposits hit R$782.5 billion, a 21.9% increase year-over-year, providing a robust funding base.
Analysis · BBD · Finance
Bradesco's first-half 2026 results underscore resilient performance, with recurring net income reaching R$12.5 billion—a 5.5% year-over-year increase—fueled by a 16.2% surge in the second quarter. The expanded loan portfolio climbed 11.6% to R$1.14 trillion, while total deposits jumped 21.9%. In a pivotal move, the board approved a R$10 billion rights offering, with controlling shareholders committing R$8 billion, to fund strategic investments. This capital raise, paired with solid earnings, signals a push to fortify the balance sheet and finance growth, though it introduces dilution risk for existing shareholders.
At the time of this filing, BBD was trading at $3.45 on NYSE in the Finance sector, with a market capitalization of approximately $36.7B. The 52-week trading range was $2.83 to $4.30. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.