The bank maintains a lean capital structure with an equity-to-assets ratio of 0.07, while managing a $390.6B investment securities portfolio to navigate interest rate sensitivity.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 |
|---|
| Cash & Short Term Investments | 836.22B | 278.36B | 292.77B | 41.54B | 28.55B | 21.28B | 23.85B | 18.99B | 19.61B | 15.03B | 14.52B | 17.3B | 14.51B | 12.07B | 11.95B | 139.03B | 90.18B | 51.65B | 50.23B | 45.18B | 37.04B | 16.56B | 10.67B | 24.24B | 21.16B | 12B |
| Cash & Due from Banks | 28.55B | 160.84B | 168.36B | 171.84B | 28.55B | 21.28B | 23.85B | 18.99B | 19.61B | 15.03B | 14.52B | 17.3B | 14.51B | 12.07B | 11.95B | 31.89B | 90.18B | 50.9B | 50.23B | 45.18B | 37.04B | 16.56B | 10.67B | 24.24B | 21.16B | 12B |
| Short Term Investments | 0 | 117.52B | 124.41B | 160.82B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45.25B | 0 | 752.38M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 390.6B | 1.6T | 1.42T | 1.3T | 1.13T | 1.15T | 1.01T | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 205.87B | 142.74B | 150.25B | 126.78B | 91.77B | 89.66B | 59.74B | 37.3B | 46.34B | 31.55B | 30.39B |
| Investments Growth % | -25.46% | 12.71% | 9.1% | 15.01% | -1.66% | 13.31% | - | - | - | - | - | - | - | - | -100% | 44.22% | -5% | 18.51% | 38.15% | 2.35% | 50.08% | 60.15% | -19.51% | 46.89% | 3.81% | - |
| Long-Term Investments | 4.68T | 1.48T | 1.29T | 1.14T | 1.13T | 1.15T | 1.01T | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 160.62B | 142.74B | 149.5B | 126.78B | 91.77B | 89.66B | 59.74B | 37.3B | 46.34B | 31.55B | 30.39B |
| Accounts Receivables | 7.46B | 5.9B | 6.03B | 2.67B | 2.04B | 1.4B | 759.68M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.42B | 2.79B | 13.69B | 11.48B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 5.09B | 25.74B | 23.75B | 22.13B | 18.8B | 14.91B | 14.67B | 14.72B | 16.13B | 16.18B | 15.8B | 7.41B | 7.53B | 8.22B | 7.62B | 7.22B | 4.83B | 4.88B | 4.42B | 3.8B | 2.28B | 1.63B | 1.83B | 1.73B | 1.78B | 782.62M |
| Goodwill | 1.27B | 6.61B | 6.73B | 6.6B | 6.54B | 6.05B | 7.09B | 5.33B | 5.58B | 4.95B | 4.95B | 723.53M | 723.53M | 723.53M | 723.53M | 723.53M | 1.18B | 1.23B | 1.29B | 825M | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 3.82B | 19.13B | 17.02B | 15.53B | 12.26B | 8.86B | 7.58B | 9.4B | 10.55B | 11.23B | 10.85B | 6.69B | 6.81B | 7.5B | 6.89B | 6.49B | 3.65B | 3.64B | 3.14B | 2.98B | 2.28B | 1.63B | 1.83B | 1.73B | 1.78B | 782.62M |
| PP&E (Net) | 1.84B | 9.41B | 10.22B | 11.12B | 11.97B | 13.51B | 14.07B | 14.66B | 8.83B | 8.43B | 8.4B | 5.5B | 4.7B | 4.5B | 4.52B | 4.27B | 5.43B | 4.83B | 4.26B | 3.55B | 2.99B | 2.72B | 2.95B | 3.09B | 2.99B | 2.73B |
| Other Assets | 1.84T | 416.79B | 313.17B | 623.67B | 604.89B | 478.69B | 539.68B | 1.33T | 1.26T | 1.18T | 1.15T | 996.49B | 903.72B | 813.51B | 0 | -165.99B | -142.74B | -149.5B | -126.78B | -91.77B | -90.16B | -59.24B | -37.3B | -46.67B | 0 | 0 |
| Total Current Assets | 147.27B | 289.34B | 329.52B | 41.54B | 28.55B | 21.28B | 23.85B | 18.99B | 19.61B | 15.03B | 14.52B | 17.3B | 14.51B | 12.07B | 11.95B | 49.92B | 15.78B | 6.99B | 9.42B | 5.49B | 37.04B | 16.56B | 2.69B | 24.24B | 21.16B | 12B |
| Total Non-Current Assets | 2.26T | 2.04T | 1.74T | 1.89T | 1.76T | 1.65T | 1.58T | 1.36T | 1.29T | 1.21T | 1.18T | 1.01T | 915.95B | 826.23B | 12.14B | 6.11B | 10.26B | 9.71B | 8.69B | 7.35B | 4.78B | 4.85B | 4.78B | 4.5B | 36.32B | 33.9B |
| Total Assets | 2.41T | 2.33T | 2.07T | 1.93T | 1.79T | 1.68T | 1.6T | 1.38T | 1.31T | 1.22T | 1.19T | 1.03T | 930.45B | 838.3B | 799.54B | 722.09B | 621.61B | 496.81B | 435.29B | 334.48B | 258.64B | 206.46B | 177.13B | 165.66B | 129.88B | 108.29B |
| Asset Growth % | 46.01% | 12.6% | 7.36% | 7.55% | 6.97% | 4.42% | 16.4% | 5.59% | 6.63% | 2.71% | 16.1% | 10.34% | 10.99% | 4.85% | 10.73% | 16.16% | 25.12% | 14.13% | 30.14% | 29.32% | 25.27% | 16.56% | 6.92% | 27.55% | 19.93% | - |
| Return on Assets (ROA) | 1% | 1.05% | 0.86% | 0.77% | 1.22% | 1.41% | 1.06% | 1.57% | 1.31% | 1.41% | 1.61% | 1.85% | 1.73% | 1.51% | 1.48% | 1.63% | 1.78% | 1.98% | 1.82% | 2.67% | 2.78% | 3.29% | 1.94% | 1.55% | 1.8% | 2.1% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.95B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 834.22B | 798.39B | 689.53B | 359.49B | 338.99B | 284.55B | 181.72B | 200.66B | 200.11B | 158.91B | 176.63B | 191.15B | 141.94B | 132.33B | 103.62B | 73.88B | 82.97B | 58.79B | 61.1B | 46.9B | 35.74B | 30.36B | 27.93B | 27.78B | 23.03B | 19.82B |
| Net Debt | 686.95B | 637.55B | 521.17B | 187.64B | 310.44B | 263.27B | 157.88B | 181.67B | 180.49B | 143.88B | 162.11B | 173.85B | 127.44B | 120.26B | 91.67B | 41.99B | -7.21B | 7.89B | 10.87B | 1.72B | -1.29B | 13.81B | 17.26B | 3.54B | 1.87B | 7.82B |
| Long-Term Debt | 463.37B | 445.44B | 403.33B | 355.44B | 344.63B | 234.28B | 181.72B | 235.47B | 217.92B | 192.92B | 211.22B | 191.15B | 127.56B | 99.67B | 0 | 0 | 44.12B | 50.82B | 47.26B | 38.91B | 30.05B | 12.78B | 19.65B | 20.01B | 13.39B | 11.5B |
| Short-Term Debt | 447.88B | 349.7B | 283.05B | 272.4B | 222.69B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.74B | 7.98B | 13.85B | 7.99B | 5.7B | 9.97B | 8.27B | 7.76B | 9.64B | 8.32B |
| Other Liabilities | 571.64B | 541.77B | 553.73B | 1.45T | 1.28T | 419.2B | 1.28T | 1T | 962.61B | 912.89B | 639.39B | 547.35B | 719.7B | 665.42B | -858.26M | 440.61B | -44.12B | -50.82B | -47.26B | -38.91B | -30.05B | -12.78B | -19.65B | -20.01B | -13.39B | -11.5B |
| Total Current Liabilities | 1.21T | 1.16T | 938.67B | 8.84B | 7.88B | 3.04B | 6.01B | 3.11B | 6.72B | 5.99B | 6.16B | 5.15B | 4.09B | 3.66B | 3.7B | 10.57B | 7.74B | 7.98B | 13.85B | 7.99B | 8.27B | 7.79B | 8.27B | 7.76B | 9.64B | 8.32B |
| Total Non-Current Liabilities | 1.04T | 992.35B | 961.87B | 1.82T | 1.62T | 658.35B | 1.45T | 1.24T | 1.17T | 1.1T | 1.08T | 930.64B | 844.07B | 762.53B | 103.62B | 342.2B | 561.04B | 442.73B | 384.18B | 293.15B | 153.18B | 144.87B | 153.18B | 20.01B | 13.39B | 11.5B |
| Total Liabilities | 2.25T | 2.15T | 1.9T | 1.76T | 1.63T | 1.53T | 1.46T | 1.24T | 1.18T | 1.11T | 1.09T | 935.79B | 848.16B | 766.2B | 728.19B | 662.7B | 568.78B | 450.7B | 398.36B | 301.11B | 232.15B | 186.17B | 161.49B | 152.05B | 118.82B | 98.42B |
| Total Equity | 180.29B | 178.95B | 168.94B | 167.01B | 160.01B | 150.23B | 146.12B | 135.54B | 124.68B | 117.69B | 105.48B | 90.91B | 82.29B | 72.1B | 71.35B | 59.38B | 52.83B | 46.11B | 36.93B | 33.37B | 26.5B | 20.3B | 15.64B | 13.61B | 11.05B | 9.87B |
| Equity Growth % | 22.08% | 5.92% | 1.15% | 4.38% | 6.51% | 2.81% | 7.8% | 8.72% | 5.93% | 11.58% | 16.02% | 10.48% | 14.13% | 1.06% | 20.15% | 12.4% | 14.58% | 24.86% | 10.67% | 25.93% | 30.55% | 29.8% | 14.89% | 23.11% | 11.95% | - |
| Equity / Assets (Capital Ratio) | 7.5% | 7.68% | 8.16% | 8.66% | 8.93% | 8.97% | 9.11% | 9.83% | 9.55% | 9.61% | 8.85% | 8.86% | 8.84% | 8.6% | 8.92% | 8.22% | 8.5% | 9.28% | 8.48% | 9.98% | 10.24% | 9.83% | 8.83% | 8.22% | 8.51% | 9.12% |
| Return on Equity (ROE) | 12.84% | 13.34% | 10.27% | 8.72% | 13.68% | 15.64% | 11.25% | 16.16% | 13.68% | 15.31% | 18.22% | 20.94% | 19.84% | 17.28% | 17.27% | 19.53% | 20.09% | 22.2% | 19.97% | 26.42% | 27.62% | 35.1% | 22.76% | 18.6% | 20.46% | 22.98% |
| Book Value per Share | 17.05 | 16.92 | 15.92 | 15.69 | 15.01 | 12.80 | 13.67 | 12.68 | 11.66 | 21.96 | 19.68 | 16.97 | 13.90 | 11.82 | 11.67 | 9.83 | 5.00 | 4.42 | 3.55 | 3.25 | 2.65 | 2.03 | 1.61 | 1.40 | 1.26 | 1.12 |
| Tangible BV per Share | 16.57 | 14.49 | 13.68 | 13.61 | 13.25 | 11.53 | 12.30 | 11.30 | 10.15 | 18.94 | 16.74 | 15.58 | 12.63 | 10.47 | 10.43 | 8.64 | 4.55 | 3.95 | 3.13 | 2.88 | 2.42 | 1.87 | 1.43 | 1.22 | 1.06 | 1.03 |
| Common Stock | 93.77B | 87.1B | 87.1B | 87.1B | 87.1B | 83.1B | 79.1B | 75.1B | 67.1B | 59.1B | 51.1B | 43.1B | 38.1B | 38.1B | 30.1B | 30.17B | 14.25B | 13.25B | 11.5B | 9.5B | 3.52B | 12.99B | 7B | 6.97B | 5.2B | 5.2B |
| Additional Paid-in Capital | 70.5M | 70.5M | 70.5M | 70.5M | 70.5M | 70.5M | 70.5M | 70.5M | 70.5M | 70.5M | 70.5M | 70.5M | 70.5M | 70.5M | 70.5M | 70.5M | 28.66B | 13.49B | 11.71B | 9.7B | 14.27B | 35.02M | 58.43M | 54.82M | 7.08M | 6.97M |
| Retained Earnings | 76.95M | -70.83M | 82.02B | 75.96B | 73.27B | 68.24B | 58.75B | 52.46B | 55.3B | 56.82B | 54.94B | 52.02B | 44.92B | 35.05B | 34.73B | 632.1M | 19.23B | 15.63B | 11.79B | 12.13B | 11.03B | 6.75B | 1.5B | 5.84B | 5.49B | 4.39B |
| Accumulated OCI | 86.13B | 91.48B | -214.67M | 79.93B | -682.31M | -969.6M | 8.14B | 7.91B | 2.24B | 1.85B | -362.74M | -3.97B | -623.53M | -1.07B | 0 | 28.52B | 4.84B | 3.59B | 1.94B | 1.89B | 1.16B | 410.96M | 7.01B | 678.01M | 233.63M | 248.49M |
| Treasury Stock | -288.59M | -168.63M | -568.73M | 0 | -224.38M | -666.7M | -440.51M | -440.51M | -440.51M | -440.51M | -440.51M | -431.05M | -298.01M | -269.09M | -197.3M | -183.11M | -10.05M | -189M | -5M | -132M | -49.05M | -30.35M | 0 | -5.77M | -84.96M | -53.41M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.25B | 13.25B | 11.5B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Asset Quality and Provisioning
According to recent financial disclosures, Banco Bradesco's total assets grew from $1.9T in 2023Q4 to $2.4T by 2026Q1, reflecting a steady expansion of the balance sheet despite the persistent headwinds faced by the bank's core retail and SME lending segments during this period.
The growth in total assets appears to be driven by a combination of organic loan book expansion and tactical adjustments to the securities portfolio. However, the quality of this growth warrants caution, as the expansion coincides with elevated loan loss provisions that suggest the bank is struggling to maintain asset quality while scaling its exposure.
Based on reported figures, the equity-to-assets ratio has remained relatively tight, hovering near 0.07 to 0.09 over the last ten quarters, which indicates that the bank maintains a lean capital base relative to its total asset footprint in the current Brazilian economic environment.
While the bank has managed to grow its equity base to $179.8B by 2026Q1, the low equity-to-assets ratio suggests limited room for error should credit losses accelerate beyond current expectations. Investors should monitor whether the bank's capital deployment strategy remains sustainable given the ongoing pressure on net income and the potential for regulatory changes regarding tax-efficient dividend distributions.
As reported in financial statements, the bank's investment securities portfolio reached $390.6B in 2026Q1, representing a significant shift from the $1.6T peak observed in 2025Q4, which suggests a tactical reallocation of liquidity to manage duration and interest rate sensitivity.
The substantial fluctuation in the securities portfolio indicates that management is actively utilizing its investment book to navigate the volatile Selic rate environment. This liquidity profile appears designed to provide a buffer against deposit outflows, though the rapid turnover of these assets may introduce additional earnings volatility in future periods.
Analysis of the bank's balance sheet reveals that the provision for loan losses reached $7.6B in 2026Q1, a figure that, when viewed alongside the 0.7% NIM, suggests a potential mismatch between the bank's risk-adjusted pricing and the actual credit performance of its loan book.
The persistent need for high provisioning levels may indicate that the bank's internal credit models are underestimating the severity of the current credit cycle in the Brazilian retail sector. This suggests that the bank's reported earnings may be subject to further downward revisions if the current trend of credit quality deterioration continues to outpace the bank's reserve builds.
Quick answers to the most common questions about buying BBD stock.
As of 2025, Banco Bradesco S.A. (BBD) had total assets of $2.33T including $289.34B in current assets.
Banco Bradesco S.A. (BBD) carries total debt of $798.39B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Banco Bradesco S.A. (BBD) has total shareholders' equity (book value) of $178.42B ($16.92 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Banco Bradesco S.A. (BBD) reported a current ratio of 0.25x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.