Banco Bradesco SA earnings date
Banco Bradesco SA (BREC) Q3 2026 Earnings Report
DE:BREC Q3 2026 EPS Results
- Actual EPS
- EUR 0.12
- Consensus EPS
- EUR 0.12
- Beat/Miss
- Met expectations
- One Year Ago EPS
- EUR 0.08
DE:BREC Q3 2026 Revenue Results
- Actual Revenue
- EUR 18.32B
- Expected Revenue
- EUR 6.80B
- Beat/Miss
- Beat by +EUR 11.52B
- YoY Revenue Growth
- +17.09%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/22/2026
- Time
- After Close
- Conference Call
- Thursday, October 22, 2026
Banco Bradesco SA's next earnings date is estimated for February 10, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was broadly positive. Bradesco reported strong loan growth, revenue expansion, capital ratios, treasury performance, insurance results and continued progress in digital transformation and efficiency. These positives were moderated by portfolio-mix pressure on NIM, rising NPLs, higher cost of credit, macroeconomic stress on retail borrowers, and NII net of provisions running in the lower end of guidance.
Management said it will continue to grow NIM and expects a higher NIM in the fourth quarter, with market and client NII higher in Q4 2026; it gave guidance of BRL 42 billion-BRL 48 billion for NII net of provisions in the year, said it is in the lower range and within expected, expects treasury to be around BRL 3 billion this year and to post similar numbers in the fourth quarter, and said it is still expecting about 40 points of efficiency over the next two to three years. It said the FGI and FGO curve will probably decline in the second quarter or in the third quarter, that the macroeconomic environment may improve more towards the end of 2027 and 2028, that technology delivery capacity will grow four times, fourfold, and that Bridge cases grew to over 1,000; it also said there were 93 offices with more than 500,000 clients in September and there will be more in December, Prime had 4.7 million clients by the end of December, and the bank had 45 million clients already migrated, with more than 15 million interactions with BIA, 90% of cases answered by BIA, and 10% to 12% of contacts migrated to a human agent.
- BRL 10 Billion Capital Increase CompletedBradesco completed a capital increase of BRL 10 billion, which management said leaves the bank solid to continue investing.
- Loan Portfolio Reached BRL 1.15 TrillionThe loan portfolio totaled BRL 1 trillion 150 billion, growing 11.1% year-over-year and 1.1% quarter-over-quarter. Management said growth continued in areas where the bank has risk appetite.
- Loan Growth Outpaced the Financial SystemThe national financial system grew 9.2% year-over-year through August, while Bradesco gained 1% of market share. Management also stated that the system grew approximately 0.5% in July and August combined, compared with Bradesco's continued portfolio traction.
- Strong Corporate and Secured-Lending ExpansionLegal-entity lending grew 14.1%, with large corporates growing 14.8% and adding more than BRL 50 billion during the year. FGI and FGO-backed portfolios grew approximately 31% to 31.5%, while large-corporate lending increased more than 40% in one portfolio comparison.
- Private Payroll and Vehicle Lending AcceleratedPrivate payroll loans grew 102% year-over-year and 13.3% quarter-over-quarter. Vehicle lending grew almost 27%, supported by a new technology platform and improved customer and dealer experiences.
- Mortgage and Real-Estate Lending Continued to GrowManagement reported 15.2% growth in mortgages and real estate in one portfolio presentation, and later cited growth of 2.8% for individuals and 2.9% for legal entities in the expanded portfolio.
- Bradesco Maintained Lower Delinquency Than the Market in Key Payroll PortfoliosFor rural individuals, Bradesco's over-90-day NPL was 3.1% in August versus 9.7% for the market. For private payroll loans, Bradesco was at 5.4% versus 10.6% for the market, while INSS payroll loans were at 1.8% versus 2.2% for the market. The combined private and public payroll portfolio was at 2.8% versus 3.8% for the market.
- Strong Collateral CoverageIndividuals had 72% of loans secured. When the FGI and FGO portfolio was separated, stage-three coverage was 105%, which management said reflected the quality of the guarantees.
- Revenue Growth Across Multiple LinesTotal NII grew 14% year-over-year and 2.4% quarter-over-quarter. Management said revenue growth came from NII, liabilities, fees and commissions, and insurance, with total NII net of provisions still growing approximately 5%.
- Fee Income and Investment-Related Services ExpandedCustody, brokerage, investment banking, asset management and related services posted growth, including a 15.6% nine-month increase cited for one fee-income line. Bradesco also reported significant brand growth and market-share gains through assets under management.
- Insurance Business Delivered Resilient ResultsThe insurance group reported resilient ROE of 22%. Insurance premiums and revenues grew throughout the period, with Bradsaúde identified as a major highlight. Technical provisions were almost BRL 480 billion and grew year-over-year.
- Treasury and Market NII Remained StrongManagement described treasury operations as recurring and robust, with positive expectations for the fourth quarter. Market NII was expected to be around BRL 3 billion for the year, and management said similar numbers were expected in the fourth quarter.
- Structural Efficiency Improvements ContinuedManagement said efficiency gains were structural rather than driven by one-off events, supported by footprint adjustments, procurement, contract and technology-license reviews, and increased use of AI. The bank is still expecting about 40 points of efficiency over the next two to three years.
- Technology Productivity IncreasedThe Bridge technology initiative grew from approximately 500 cases to more than 1,000. Technology delivery capacity increased from 300 in 2023 to three times that level, with management targeting fourfold capacity without increasing personnel.
- Digital Transformation Reached ScaleMore than 45 million clients had been migrated to digital wholesale, with more than 15 million interactions through BIA. BIA answered questions in 90% of cases, while approximately 10% to 12% of contacts were transferred to human agents.
- Principal and Prime Segments AdvancedPrincipal reached 93 offices and more than 500,000 clients in September, with additional expansion planned for December. Prime had approximately 4.5 million clients at quarter-end and was expected to reach around 4.6 million by year-end; management also cited 4.7 million clients in another portion of the presentation.
- Strong Capital RatiosCET1 was 12.1% and Tier 1 capital was 13.7% following the capital increase.
- Wholesale Risk-Adjusted Returns and Origination ImprovedManagement said wholesale risk-adjusted returns were high and increasing, with large-corporate relationships also generating service, treasury, market NII and investment-banking revenue. The bank was originating more across corporate segments and expanding origination for middle-market companies.
DE:BREC Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 10, 2027 | 2026 (Q4) | 0.11- | 0.11 | ― | ― |
| Oct 22, 2026 | 2026 (Q3) | 0.120.12 | 0.08 | 43.96% (+0.04) | |
| Aug 05, 2026 | 2026 (Q2) | 0.120.11 | 0.1 | 17.76% (+0.02) | |
| May 06, 2026 | 2026 (Q1) | 0.110.11 | 0.09 | 28.87% (+0.03) | |
| Feb 05, 2026 | 2025 (Q4) | 0.100.11 | 0.08 | 34.09% (+0.03) | |
| Oct 28, 2025 | 2025 (Q3) | 0.100.08 | 0.07 | 10.98% (+0.01) | |
| Jul 30, 2025 | 2025 (Q2) | 0.090.10 | 0.07 | 37.18% (+0.03) | |
| May 08, 2025 | 2025 (Q1) | 0.080.09 | 0.07 | 24.36% (+0.02) | |
| Feb 07, 2025 | 2024 (Q4) | 0.080.08 | 0.05 | 46.67% (+0.03) | |
| Oct 31, 2024 | 2024 (Q3) | 0.080.07 | 0.08 | -5.75% (-0.00) |
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.
