Q3 2025 Banco Bradesco SA Earnings Call Transcript
Key Points
- Bank Bradesco SA (BBD) reported a recurring net income of BRL6.2 billion for the third quarter of 2025, marking a 2.3% increase year on year.
- Total revenue reached BRL30 billion, up by 13.1% year on year, with significant growth in net interest income, fee income, and the insurance group.
- The bank's loan portfolio grew by 9.6% year on year, with notable growth in micro and SMEs, which saw a 25% increase.
- Operating expenses are well-contained, with personnel and admin expenses growing only 5.5% year on year, and a focus on maintaining efficiency.
- The insurance group delivered strong performance with an ROE over 21%, contributing to consistent profitability growth.
- There was a BRL500 million variation in the cost of credit quarter on quarter, attributed to a one-off case in the wholesale bank.
- The bank's market share in private payroll loans decreased year on year, although it is now resuming growth.
- Investment banking showed a drop of 29.9% due to a high baseline from the previous quarter.
- Despite improvements, the bank's NPL for individuals remains higher compared to peers, indicating room for further improvement.
- The bank's efficiency ratio remains a challenge, with a goal to reduce it by 10 percentage points over the next three years.
Good morning, everyone. I am Marcelo Noronha. I am speaking straight from Bradesco's headquarters to present some details on the results for the third quarter of 2025. I think you've had the opportunity to read the results that were published last night. I think you had the opportunity to read it and just see a few things related to our results.
So I'll start by saying that our recurring net income was BRL6.2 billion this quarter. That means that it was up 2.3% year on year or was up 0.1 percentage points, posting 14.7%. So we had a very sound consistent results considering everything that we've been saying to you in the past seven quarters. This was after our transformation plan.
So basically, here, we are talking about profitability. So profitability maintains gradual growth and secure growth with operating consistency. All you have to do is look at all the lines. Revenues continue to grow in almost all lines, NII and NII net of provisions, fee and commissions income, the insurance group and other related companies
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