Banco Bradesco (BBDO) Q2 2026 Earnings Report

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Previous Report: Q1 2026

BBDO Q2 2026 EPS Results

Actual EPS$0.13

Consensus EPS―

Beat/Miss―

One Year Ago EPS$0.10

BBDO Q2 2026 Revenue Results

Actual Revenue$20.07B

Expected Revenue―

Beat/Miss―

YoY Revenue Growth+29.14%

Earnings Announcement Details

QuarterQ2 2026

Date08/05/2026

TimeAfter Close

Conference CallWednesday, August 5, 2026

BBDO Upcoming Earnings

Banco Bradesco's next earnings date is estimated for October 22, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

BBDO Q2 2026 Earnings Call

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Q2 2026 Earnings Slide Deck

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Aug 05, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented multiple strong operational and financial positives: solid net income and ROAE, double‑digit loan portfolio growth across segments (notably SME and government‑backed origination), increasing revenues and client NII, robust insurance results, market leadership in several niches, significant digital/AI progress, and a proactive capital increase to strengthen tangible capital. Headwinds are present — chiefly timing‑related provisioning from guarantee claim periods (FGI/FGO), some asset‑quality increases tied to specific clients (John Deere Bank and one wholesale name), modest fee growth and capital markets volatility. Management framed the quality issues as largely manageable, collateralized and temporary, and emphasized risk‑adjusted returns and portfolio selectivity. On balance, the positive operational momentum and capital actions outweigh the localized asset‑quality and revenue‑mix challenges.

Company Guidance

Management reaffirmed guidance to deliver net income growth step‑by‑step and to finish 2026 from the midpoint to the top of the guidance range, with revenues growing double‑digits (total revenue BRL 37.6bn, +10.3% YoY) and operating result +14% YoY; they expect NIM roughly flat around 9% (Q1–Q2 9.1%), NII (client + market) to remain resilient (client NII up to BRL 20.2bn, market NII ~BRL 700m), NII net of provisions slightly below the center of guidance, expenses nearer the floor, and insurance around the 6–8% guidance (H1 insurance net income BRL 2.9bn, +28.3% YoY) while continuing portfolio growth (loans +11.6% YoY to BRL 1.137bn, SME +16.1% YoY with BRL 37bn added, FGI/FGO origination +64.5% YoY and 52.7% QoQ, 21.6% market share) and disciplined credit (cost of risk ~3.5%, client NII net of provisions 4.5%, overall NPL>90 up ~10 bps, private payroll NPL ~4.7% vs market 8.9%); capital actions aim to strengthen CET1 (slides show ~11% CET1 with ~140 bp Bradsaúde recognition pending and a BRL 10bn raise that would bring CET1 to ~13.6% and Tier‑1 toward ~15.1%).

Strong Net Income and Profitability

Net income of BRL 7.1 billion in Q2 2026, up 16.2% year‑on‑year and 3.5% quarter‑on‑quarter; ROAE reported at 16.2% for the quarter (management highlighted strong quarterly profitability).

Loan Portfolio Growth and Diversified Origination

Expanded loan portfolio grew 11.6% year‑on‑year (CAGR ~11.7%); SME +16.1% YoY (SME QoQ +5.1%), large corporates +12.7% YoY and individuals +8.4% YoY; SME portfolio expansion amounting to BRL 37 billion YoY, with BRL 31 billion coming from FGI/FGO.

Leadership in Government‑Backed & Secured Lines

FGI/FGO origination: #1 market share at 21.6%; FGI/FGO retail/SME portfolio growth +64.5% YoY; origination in the quarter up 52.7% vs Q1 2026. Management emphasized a move toward secured/earmarked credit (secured loans ~69% for individuals / secured portfolio up to 61%).

Revenue and NII Expansion

Total revenue BRL 37.6 billion, up 10.3% YoY; total net interest income ~BRL 20.9 billion; client NII grew ~14% YoY from BRL 17.8 billion to BRL 20.2 billion (absolute growth ~BRL 2.5 billion). Market NII was also a positive contributor (quarterly market NII ~BRL 700 million, +21.7% YoY).

Insurance and Non‑bank Subsidiary Resilience

Insurance group net income up 8.3% YoY; insurance/pension/savings bonds net income rose 28.3% reaching BRL 2.9 billion; largest insurance group in Latin America with strong technical provisions (BRL 467 billion noted).

Capital Strength and Proactive Capitalization

Board approved BRL 10 billion capital increase (controlling shareholders committed ~BRL 8 billion anchor); management expects recognition of ~140 bps from Bradsaúde and CET1 improvements (management referenced CET1 around 11% and expectations to reach higher levels post transactions and capital raise).

Market Leadership in Select Businesses

64% market share in aviation leasing funding (leader in aircraft financing), #1 in fixed‑income origination and strong rankings in local origination and M&A; consistent wins in consortiums, custody/brokerage (custody/brokerage services +26.4%).

Digital Transformation and Client Engagement

Large digital footprint and product rollout: Bradesco fully digital ~36 million mid‑year (management expects >40 million), Prime ~4.3 million, Bradesco Principal ~800k; Meu Bradesco hyper‑personalization and BIA Gen AI with 74 million interactions (transactional and conversational) driving cross‑sell and UX improvements.

BBDO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 22, 2026	2026 (Q3)	- / -	0.095	―
Aug 05, 2026	2026 (Q2)	- / 0.13	0.101	31.68% (+0.03)
May 06, 2026	2026 (Q1)	- / 0.09	0.09	3.33% (<+0.01)
Feb 05, 2026	2025 (Q4)	- / 0.11	0.067	70.15% (+0.05)
Oct 29, 2025	2025 (Q3)	- / 0.10	0.083	14.46% (+0.01)
Jul 30, 2025	2025 (Q2)	- / 0.10	0.076	32.89% (+0.03)
May 08, 2025	2025 (Q1)	- / 0.09	0.079	13.92% (+0.01)
Feb 07, 2025	2024 (Q4)	- / 0.07	0.027	148.15% (+0.04)
Oct 31, 2024	2024 (Q3)	- / 0.08	0.065	27.69% (+0.02)
Aug 05, 2024	2024 (Q2)	- / 0.07	0.076	-1.32% (>-0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed