Banco Bradesco (BBDC4) reported recurring net income of R$ 7.1 bn in the second quarter of 2026 (2Q26), an increase of 3.5% compared to 1Q26 and 16.2% year over year versus 2Q25. Profitability measured by ROAE reached 16.2% in the quarter, up 0.4 percentage point from 1Q26 and 1.6 percentage points compared to the same period last year.
Bradesco’s total revenues came to R$ 37.6 bn in 2Q26, up 2.1% quarter over quarter and 10.3% compared to 2Q25. Total net interest income reached R$ 20.9 bn, an increase of 4.1% q/q and 15.7% y/y, while fee and commission income came to R$ 10.5 bn, a positive variation of 1.1% q/q and 1.7% y/y. The result from insurance, pension plans and capitalization totaled R$ 6.1 bn, a decline of 4.2% versus 1Q26 and an increase of 8.3% over 2Q25.
The bank’s expanded loan portfolio reached R$ 1,137 bn in June 2026, growth of 4.3% compared to March 2026 and 11.6% over 12 months, with a compound annual growth rate (CAGR) of 11.7% between 2Q24 and 2Q26. Of the total, R$ 479.7 bn refers to individuals, R$ 267.5 bn to micro, small and medium-sized companies, and R$ 389.4 bn to large companies. The bank highlights increased participation of secured transactions and a focus on lines with good risk‑adjusted returns.
In terms of portfolio quality, loans over 90 days past due for the total book reached 4.4% in June 2026, compared to 4.3% in June 2025, while for individuals it was 5.5%. The restructured portfolio accounted for 3.1% of the loan book at the end of June, with a reduction of R$ 5.5 bn in problem assets (stage 3) over 12 months and an increase of R$ 1.1 bn in cured operations in the same period. According to the bank, 93% of the portfolio is in stages 1 and 2, 0.7 percentage point above June 2025.
Operating expenses totaled R$ 16.4 bn in 2Q26, an increase of 1.6% compared to 1Q26 and 3.4% versus 2Q25, with personnel and administrative expenses totaling R$ 13.1 bn, up 4.0% q/q and 5.0% y/y. The 12‑month efficiency ratio was 48.4% in 2Q26, an improvement of 0.8 percentage point quarter over quarter and 2.8 percentage points over 12 months. The pro forma Basel I ratio was reported at 15.1% in June 2026, considering core capital of 13.6%, including the effects of a proposed capital increase of up to R$ 10 bn and a supplemental Bradsaúde transaction under approval.
