Bradesco 2Q26: Recurring Net Income Climbs 16.2% to R$7.1B, ROAE Reaches 16.2%

summarizeSummary

Bradesco's 2Q26 earnings show a 16.2% rise in recurring net income to R$7.1 billion, driven by resilient revenues and controlled costs, with the insurance group delivering a 28.3% profit surge.

check_boxKey Events · Earnings and Guidance · BBD

• Recurring Net Income Up 16.2%

  2Q26 recurring net income reached R$7.1 billion, up 16.2% year-over-year, marking the tenth consecutive quarter of improvement.

• Insurance Group Profit Surges 28.3%

  The insurance group posted recurring net income of R$2.9 billion, a 28.3% increase, driven by disciplined claims ratios and strong financial results.

• Loan Portfolio Grows 11.6%

  The expanded loan portfolio reached R$1.137 trillion, up 11.6% year-over-year, with growth concentrated in collateralized working capital, payroll-deductible loans, and auto loans.

• NPL Ratio Edges Up to 4.3%

  The over-90-day NPL ratio rose 0.2 p.p. year-over-year to 4.3%, influenced by secured working capital operations and seasonal factors, but remains within expectations.

auto_awesomeAnalysis · BBD · Finance

Bradesco delivered its tenth straight quarter of rising net income, with recurring profit up 16.2% year-over-year to R$7.1 billion. Revenue resilience came from diversified streams—insurance, high-income, consortia—and disciplined credit origination favoring collateralized lines. The loan portfolio grew 11.6% to R$1.137 trillion, though the over-90-day NPL ratio ticked up to 4.3%, driven by secured working capital and seasonal factors. The insurance group posted a standout 28.3% net income jump. Operating expenses remain controlled, and the efficiency ratio improved. The bank reaffirmed its 2026 guidance, signaling confidence in sustained profitability despite a challenging macro environment.