Banco do Brasil (BBAS3) reported adjusted net income of R$ 3.9 billion in the second quarter of 2026 (2Q26), up 3.3% compared to the same period in 2025 and 13.9% higher than in the first quarter of 2026. The expanded loan portfolio surpassed R$ 1.3 trillion in June 2026, while return on equity (ROE) was 8.3% in the quarter and the core capital ratio closed the period at 11.27%.
Gross financial margin reached R$ 27.5 billion in 2Q26, an increase of 0.2% compared to the previous quarter and 9.6% over 12 months, driven by credit revenues, especially in operations with individuals. Fee and commission income totaled R$ 9.1 billion in the quarter, up 3.4% from the first quarter of 2026, with highlights in fund management (+6.3%), checking accounts (+7.6%) and loan and guarantee operations (+4.7%).
Administrative expenses totaled R$ 10.1 billion in the quarter, an increase of 0.6% over the previous quarter and 4.1% higher than in the second quarter of 2025, in line with investments in personnel and technology. Cost of credit amounted to R$ 18.5 billion in the period, down 2.1% versus the previous quarter, while the 90-day-plus delinquency rate stood at 5.61% at the end of June.
The expanded loan portfolio totaled more than R$ 1.3 trillion in June 2026, growing 0.6% in the quarter and 1.5% over 12 months. In the individual segment, the balance came to R$ 357.6 billion, up 4.4% in 12 months and down 1.2% compared to March 2026, with payroll-deductible loans rising 5.8% in one year and Worker Credit operations reaching R$ 15.7 billion. In the corporate segment, the balance was R$ 456.2 billion, an increase of 1.6% in the quarter and a drop of 2.5% over 12 months, with Pronampe and PEAC FGI totaling R$ 40.0 billion, up 5.8% in the quarter and 31.7% in one year.
In agribusiness, the portfolio reached R$ 421.6 billion, growth of 0.8% in the quarter and 4.1% over 12 months, with emphasis on operations with fiduciary lien, which accounted for 70% in the 2025/2026 crop year. The sustainable loan portfolio closed June 2026 at R$ 431.5 billion, up 2.5% in the quarter and 8.8% over 12 months, financing activities with positive social and environmental impacts, such as renewable energy, sustainable agriculture and sustainable infrastructure projects. The Basel ratio stood at 13.91%.
