Bradesco 2Q26: Recurring Net Income Hits R$7.1B, Up 16.2% Y/Y; Loan Portfolio Expands 11.6%

summarizeSummary

Bradesco's 2Q26 results show recurring net income of R$7.1 billion, up 16.2% year-over-year, driven by resilient revenues, controlled expenses, and strong insurance performance. The loan portfolio grew 11.6% with moderate risk appetite, while capital ratios stayed well above requirements.

check_boxKey Events · Earnings and Guidance · BBD

• Recurring Net Income R$7.1B

  Recurring net income reached R$7.1 billion in 2Q26, up 3.5% q/q and 16.2% y/y, marking the tenth consecutive quarter of improvement.

• Loan Portfolio Growth 11.6% Y/Y

  The expanded loan portfolio hit R$1.137 trillion, driven by secured lending; NPL over 90 days edged up to 4.3%, in line with expectations.

• Insurance Net Income Surges 28.3%

  Insurance group recurring net income jumped to R$2.9 billion, with ROAE of 22.8%, supported by disciplined claims management and higher financial results.

• Capital Ratios Remain Strong

  Common Equity Tier 1 ratio stood at 11.3%, Total Capital Ratio at 15.5%, well above regulatory minimums, even after a proposed R$10 billion capital increase.

auto_awesomeAnalysis · BBD · Finance

Bradesco delivered its tenth straight quarter of rising net income, with recurring profit hitting R$7.1 billion — a 16.2% jump from a year ago. Revenue held up despite a tough macro backdrop, and the loan book expanded 11.6% while keeping credit costs in check. The insurance arm posted a standout 28.3% earnings surge. Capital ratios remain comfortably above regulatory floors, and management reaffirmed full-year guidance. This is a solid print that shows the bank's transformation plan is gaining traction, though rising NPLs in the MSME segment and a challenging rate environment warrant watching.