EarningsQ2 2026 Earnings Report
MX:BBDN Q2 2026 EPS Results
Actual EPS$2.13
Consensus EPS$2.18
Beat/MissMissed by -$0.05
One Year Ago EPS$1.81
MX:BBDN Q2 2026 Revenue Results
Actual Revenue$339.10B
Expected Revenue$121.88B
Beat/MissBeat by +$217.21B
YoY Revenue Growth+29.14%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
MX:BBDN Upcoming Earnings
Banco Bradesco SA's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:BBDN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple clear strengths: robust net income and ROAE that beat expectations, double‑digit revenue and loan growth concentrated in secured/guaranteed lines, market leadership in government‑guaranteed origination and aviation leasing, resilient insurance results, improved NII (including a surprising market NII contribution), ongoing digital/AI progress, and a planned BRL 10 billion capital raise to strengthen tangible capital. Offsetting these positives are timing and provisioning pressures tied to origination peaks (FGI/FGO guarantee claim periods), a few wholesale idiosyncratic delinquency events (e.g., John Deere Bank‑related movements), legacy credit card delinquencies, modest fee pressure in current accounts and investor questions on the capital recognition timeline. Management framed most credit and provisioning pressures as temporary and linked to production timing, while emphasizing portfolio quality and risk discipline. On balance, highlights materially outweigh the lowlights, with management confidence in revenue diversification, capital strengthening and continued controlled growth.Company Guidance
Strong Net Income and ROAE Beat
Net income of BRL 7.1 billion in Q2 2026, up 16.2% year‑on‑year and 3.5% quarter‑on‑quarter; ROAE of 16.2%, above market expectations.
Loan Portfolio Growth and Diversified Expansion
Expanded loan portfolio up 11.6% year‑on‑year (CAGR ~11.7%) to BRL 1.137 billion (reported), with balanced growth across segments: SME +16.1% YoY, large corporates +12.7% YoY, individuals +8.4% YoY; SME grew BRL 37 billion YoY (BRL 31 billion from FGI/FGO).
Market Leadership in Government‑Guaranteed Origination
Ranked #1 in FGI/FGO origination with 21.6% market share; origination in the quarter rose 52.7% QoQ; FGI/FGO retail/SME portfolio grew 64.5% YoY.
Revenue and NII Momentum
Total revenue reached BRL 37.6 billion, up 10.3% YoY; total net interest income nearly BRL 20.9 billion; client NII increased ~14% YoY (from BRL 17.8B to BRL 20.2B, ~BRL 2.5B absolute increase); market NII ~BRL 700 million in the quarter (+21.7% YoY).
Insurance Group Resilience and Profitability
Insurance group net income reached BRL 2.9 billion; insurance total income +8.3% YoY (14% in the half); insurance technical provisions ~BRL 467 billion; insurance production/auto insurance cross‑sell nearly doubled in 2025 production for certain channels.
Leadership in Niche Businesses
Leader in aviation leasing with 64% market share; strong performance in agribusiness origination, fixed income and M&A origination and custody/brokerage (custody/brokerage +26.4%).
Fees, Asset Management and Diversified Fee Streams
Fee and commission income BRL 10.5 billion; fee income showed resilience (+1.7% YoY) with consortiums and asset management +10% and notable growth in capital markets‑related services and agro brokerage.
Efficiency and Controlled Expenses
Operating expenses rose 3.4% YoY (below inflation), reflecting cost discipline and ongoing transformation efforts to improve efficiency and productivity.
Strengthening Capital Base — Capital Increase Announced
Announced BRL 10 billion capital increase (controlling shareholders to anchor ~BRL 8 billion); management expects tangible capital and CET1 recognition from Bradsaúde to further strengthen capital ratios (management cited CET1 increases toward mid‑teens after planned actions).
Digital Reach and AI Adoption
Digital client base reported at ~36 million mid‑year (guidance to surpass 40 million); Bradesco Principal ~800k, Prime ~4.3 million; BIA Gen AI recorded ~74 million interactions and is available to 100% of clients for transactional and conversational use.
MX:BBDN Earnings History
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