Q1 2025 Banco Bradesco SA Earnings Call Transcript

May 8, 2025 / 01:30 PM GMT

Release Date Price: €1.94 (-0.51%)

Transcript

Key Points

Positve

Bank Bradesco SA (BBD) reported a recurring net income of almost 5.9 billion, marking a growth of over 39% year-on-year and 8.6% quarter-on-quarter.
The bank's total revenue reached $32 billion, with a 15% year-on-year growth, driven by a 13.7% increase in net interest income and a 32.7% rise in insurance revenue.
The loan portfolio expanded by 12.9% year-on-year, with significant growth in micro, small, and medium-sized enterprises, which grew almost 30% year-on-year.
The insurance group showed strong performance with a ROAE of 22.4% and a 25.3% year-on-year revenue growth, contributing significantly to the bank's overall results.
Bank Bradesco SA (BBD) has been investing in technology and digital channels, improving productivity and client engagement, which supports its growth strategy.

Negative

The bank's cost of risk is above the cost of equity, indicating potential challenges in maintaining profitability.
There is a concern about the sustainability of the current growth rate, especially with the expectation of slower growth in the second half of the year.
The bank's mass retail segment is still a detractor of profitability, with a need to adjust the cost to serve these clients.
Despite the strong performance, the bank's efficiency ratio remains high at 49.7%, with significant improvements not expected until 2026.
The macroeconomic environment, including high inflation and interest rates, poses risks to the bank's growth and profitability in the coming quarters.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BBDC4.SA - Banco Bradesco SA
Q1 2025 Banco Bradesco SA Earnings Call
May 08, 2025 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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On a Thursday, May 8, 2025.

It is now precisely 10:31.

It is a pleasure to be here with you to disclose Rodesco earnings in the first. Quarter of 2025.

So thank you very much for all of you who are joining us.

So I'll start speaking about our net income. You probably all had an opportunity to read the earnings release last night, almost 5.9 billion recurring net income, growing more than 39% year on year. And 8.6% quarter on quarter with this level of ROAE of 14.4%, it is obvious that this result, the net income is but a consequence. I will speak about the causes, the main one, the main driver being a revenue in three different pillars which I will comment on momentarily and with a very. Safe

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