Banco Do Brasil(US:BDORY)2024-02-09 16:26Financial Performance & Capital Adequacy - CET 1 Capital Ratio increased from 12.01% in Dec/22 to 12.12% in Dec/23[2] - Tier I Capital Ratio reached 13.91%[2] - BIS Ratio was 16.24% in Dec/22 and 16.65% in Dec/23[2] - Adjusted Net Income guidance for 2024 is projected to be between R$ 37 billion and R$ 40 billion[10] - The company reported the largest net income in its history in 2023[64] Loan Portfolio & Credit Quality - Loan Portfolio Expanded View increased by 10.3% from R$ 1,004.6 billion in Dec/22 to R$ 1,108.6 billion in Dec/23[23,73] - Sustainable Loan Portfolio increased by 4.8% from R$ 327.3 billion in Dec/22 to R$ 343.1 billion in Dec/23[23,95] - Agribusiness Loan Portfolio increased by 14.7%[80] - NPL +90d ratio for BB was 2.92% in Dec/23[45] - The company projects Loan Portfolio Expanded View to grow between 8% to 12%[4] Expenses & Efficiency - Administrative Expenses are expected to increase by 6% to 10%[11] - The company's cost-to-income ratio is 27.5%[51] - Adjusted Net Income increased by 11.4%[56,106] Sustainable Development - The company will begin monitoring projections for the sustainable portfolio, which covers credit lines with an environmental and social focus and financing of activities or segments that bring positive socio-environmental impacts[11] - The company projects Sustainable Loan Portfolio to grow between 5% to 9% in 2024[99]