Banco Bradesco (NYSE:BBD) Q4 2025 Earnings call February 06, 2026 08:30 AM ET Company ParticipantsAndré Carvalho - Investor Relations OfficerCarlos Gomez-Lopez - Head of Latin America Financial ResearchCassiano Scarpelli - EVP and CFOMarcelo de Araújo Noronha - CEOConference Call ParticipantsAndrew Garrity - AnalystDaniel Vaz - AnalystEduardo Nishio - AnalystGustavo Schroden - AnalystHenrique Navarro - AnalystMario Pierry - AnalystMatheus Guimarães - AnalystPedro Leduc - AnalystRenato Meloni - AnalystThiago ...

Banco Bradesco (NYSE:BBD) Q4 2025 Earnings call February 06, 2026 08:30 AM ET Company ParticipantsAndré Carvalho - Investor Relations OfficerCarlos Gomez-Lopez - Head of Latin America Financial ResearchCassiano Scarpelli - EVP and CFOMarcelo de Araújo Noronha - CEOConference Call ParticipantsAndrew Garrity - AnalystDaniel Vaz - AnalystEduardo Nishio - AnalystGustavo Schroden - AnalystHenrique Navarro - AnalystMario Pierry - AnalystMatheus Guimarães - AnalystPedro Leduc - AnalystRenato Meloni - AnalystThiago ...

Banco Bradesco (NYSE:BBD) Q4 2025 Earnings call February 06, 2026 08:30 AM ET Speaker0From Cidade de Deus and Recorders of Bradesco for this earnings release presentation related to the fourth quarter of 2025. Why not say, of the full year of 2025, today is February 6th, and my watch shows 10:31 A.M. I start this presentation saying that all of this material has been released last night after market closing, and I think you had access to it. I start with our recurring net income, BRL 6.5 billion, growing 20 ...

Financial Performance - Banco Bradesco reported a net income of R$23.9 billion for 2025, representing a year-over-year increase of 36.4%[16] - Net income for 2025 reached R$23,924,636, a significant increase of 36.2% compared to R$17,542,153 in 2024[78] - Total comprehensive income for 2025 was R$24,979,324, compared to R$14,131,735 in 2024, showing an increase of 76.5%[78] - Basic earnings per common share improved to R$2.13 in 2025, up from R$1.55 in 2024, reflecting a growth of 37.4%[76] - Net interest income rose to R$73,269,592 in 2025, a 8.6% increase from R$67,454,564 in 2024[76] - Fee and commission income increased to R$31,073,646 in 2025, up 9.2% from R$28,336,487 in 2024[76] - The insurance services result improved to R$11,331,343 in 2025, up from R$8,942,260 in 2024, indicating a growth of 26.7%[76] Asset and Liability Management - Total assets increased to R$2,330,327,216 in 2025, up from R$2,069,484,362 in 2024, representing a growth of 12.6%[75] - Total liabilities increased to R$2,151,378,586 in 2025, compared to R$1,900,541,870 in 2024, marking a rise of 13.2%[75] - Deposits from customers increased to R$721,274,151 in 2025, up 12.0% from R$644,338,463 in 2024[75] - Total deposits amounted to R$728.0 billion, reflecting a 12.2% increase year-over-year[17] Capital and Equity - The bank's Tier I capital ratio improved to 13.2%, up by 0.8% from the previous year[16] - The organization employed 82,095 individuals, maintaining a stable representation of women in leadership roles at 18.2%[32] - The company acquired treasury shares amounting to R$222,621 thousand in 2025, reflecting a strategic move to manage equity[81] - Interest on equity payments totaled R$14,499,273 thousand in 2025, consistent with the company's commitment to return value to shareholders[81] Technology and Innovation - The implementation of technology initiatives led to a 43% reduction in lead time and a 118% increase in productivity in product deliveries[18] - The bank's digital platform BIA Clients achieved an 87% resolution rate in chat interactions, enhancing customer service efficiency[19] - The company was awarded the Gold category in the Digital Transformation Brazil Award for its case on AI and customer centrality[71] Social Responsibility and Sustainability - Bradesco allocated R$381.9 billion to socio-environmental sectors, surpassing its goal of R$350 billion by 109% for the 2021-2025 period[37] - In 2025, Bradesco invested R$1.4 billion in social projects, with R$1.2 billion for activity expenses and R$258 million for infrastructure and educational technology[65] - Over 42,000 students will benefit from Bradesco's school network, which spans from early childhood education to high school and technical professional education[66] - Bradesco's sustainability efforts have been recognized in major national and international indexes, including the Dow Jones Sustainability Index[39] - The company has established Ecora, a carbon credit certification initiative, to enhance Brazil's carbon market infrastructure[38] Market Position - The bank's market value stood at R$178.7 billion as of the end of 2025[16] - Bradesco's shares accounted for 3.9% of Ibovespa as of December 31, 2025, indicating strong market presence[50] - Bradesco Asset Management was recognized as the best fund manager for the sixth time, highlighting its leadership in the investment sector[68] Regulatory Compliance and Governance - The organization is listed in Level 1 of Corporate Governance of B3, reflecting its commitment to good governance practices[46] - The consolidated financial statements were approved by the Board of Directors on February 04, 2026, indicating ongoing compliance with regulatory requirements[90] Financial Instruments and Risk Management - Financial assets are classified into three categories: measured at amortized cost, fair value through other comprehensive income (FVOCI), and fair value through profit or loss (FVTPL)[123] - Expected credit losses on loans and advances decreased from R$30,176,989 thousand in 2023 to R$28,677,857 thousand in 2025, indicating improved asset quality[83] - The Organization expects no credit losses for Brazilian government bonds over the next 12 months, indicating a strong credit risk assessment[160] - The effective interest rate method is used to recognize income from financial assets and costs from liabilities, incorporating all relevant transaction costs[167]

operational highlights in 2025 Net income increases by 26%, evolving in all quarters Revenues grow by 13.2%, being the main driver of higher profitability We Stand For People An Empowered Team Results -Driven Together We Evolve We Stand for Customers Challenge Oriented I AM BRADESCO our evolving culture Translation Profitability continues to improve in a gradual and safe way, driven by revenues, and in the last quarter exceeded the cost of capital R$6.5 bn 4Q25 recurring net income 4Q25 vs. 3Q25 (q/q) 4Q25 ...

Core Viewpoint - The current stance on Banco Bradesco (BBD) is HOLD, indicating a cautious approach towards the stock at this time [1]. Company Analysis - The investment strategy focuses on wealth preservation, income generation, and long-term appreciation [1]. - The national portfolio consists of carefully selected Brazilian stocks and real estate funds, while the international portfolio includes ETFs that provide global coverage [1].

Core Insights - Banco Bradesco's stock rose by 4.28% to $4.14, likely driven by expectations of interest rate cuts in Brazil, with current rates near 15% and a central bank meeting scheduled for January 28th [1][3] - The trading volume for Banco Bradesco reached 60.8 million shares, significantly above its three-month average of 34.5 million shares, indicating strong investor interest [1] - The bank's share price has increased by approximately 115% year-on-year, and it plans to strengthen its fixed income team to capture more market share [4] Market Performance - The S&P 500 index rose by 0.41% to close at 6,978.60, while the Nasdaq Composite increased by 0.91% to 23,817.10, reflecting overall market strength [2] - Other Brazilian banks also saw gains, with Itaú Unibanco up 4.65% to $8.78 and Banco Santander rising 4.57% to $7.10, indicating a positive trend across the banking sector [2] Economic Context - Brazil's inflation data for January was slightly below expectations, leading economists to predict a reduction in the Selic rate from 15% to 12.25% by the end of the year, with easing expected to begin in March [3]

Company Performance - Bradesco's shares have increased by 635% this year, outperforming other major Brazilian retail banks [1] Leadership & Strategy - Marcelo Noronha is leading adjustments at Bradesco two years after taking command [1]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Banco Bradesco (BBD) - Banco Bradesco currently holds a Momentum Style Score of B, indicating potential as a solid momentum pick [3][12] - The company has a Zacks Rank of 2 (Buy), which is associated with strong historical outperformance when combined with a Style Score of A or B [4] Performance Metrics - Over the past week, BBD shares increased by 0.9%, while the Zacks Banks - Foreign industry rose by 1.44% [6] - In a longer timeframe, BBD's monthly price change is 8.49%, significantly outperforming the industry's 1.31% [6] - Over the last quarter, BBD shares have risen by 18.97%, and over the past year, they are up 42.56%, compared to the S&P 500's increases of 10.25% and 21.04%, respectively [7] Trading Volume - BBD's average 20-day trading volume is 59,999,624 shares, which serves as a bullish indicator when the stock is rising with above-average volume [8] Earnings Outlook - Recent earnings estimate revisions for BBD show positive momentum, with 2 estimates moving higher for the full year, raising the consensus estimate from $0.41 to $0.43 [10] - For the next fiscal year, 2 estimates have also increased, with no downward revisions noted [10]

Core Insights - Banco Bradesco (BBD) experienced an extraordinary surge in options trading, with total options volume reaching 273,027, nearly 21 times its average 30-day volume, marking the highest single-day number in the past two years [2][4] - The unusual options activity was characterized by five active call options, with the Nov. 21 $3.50 call standing out due to its high volume-to-open-interest (Vol/OI) ratio of 58.57, indicating strong investor interest [3][5] - BBD stock has seen an impressive increase of 84% in 2025, suggesting potential for further growth in this low-priced emerging market stock [3] Options Activity - The total options volume for Banco Bradesco on the day was the highest in two years, nearly five times the second-highest daily volume, with no put volume recorded [4][5] - Call options accounted for 75% of the total volume, with the stock price fluctuating between $3.44 and $3.55, closing in the money at $3.52 [5][6] - There were 20 trades of 1,000 or more contracts on the $3.50 call, which represented 42% of the total call volume, with the largest single trade being 32,400 contracts [6]