Net interest income contracted by 22.4% year-over-year to $17.3 billion in 2026Q1, while net interest margins compressed to 3.7% from 4.3% in the prior quarter.
| 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 |
|---|
| Net Interest Income | 68.26B | 73.27B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -437.3K | 0 | 13.47B | 9.49B |
| NII Growth % | -22.43% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 100% | - | -100% | 41.84% | - |
| Net Interest Margin % | 14.64% | 17.23% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -0% | 0% | 10.37% | 8.77% |
| Interest Income | 277.81B | 267.11B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28.4B | 18.65B |
| Interest Expense | 209.55B | 193.84B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8.51B | -6.65B | -6.5M | -4.74M | -5.35M | -4.2M | 437.3K | -2.31M | 14.93B | 9.16B |
| Loan Loss Provision | -22.51B | -152.98B | 0 | 0 | 36K | 15K | 15K | 12.8K | 17K | 79.3B | 82.17B | 16K | 0 | 498.56M | 0 | 16K | 8.51B | 6.65B | 6.5M | 4.74M | 5.35M | 4.2M | -437.3K | 2.31M | 2.54B | 1.76B |
| Non-Interest Income | -17.59B | -204.63B | 55.8B | 60.62B | 68K | 26K | 40.05B | 6.3K | 62.63B | 80.15B | 74.64B | 14K | 82.26B | 74.06B | 82.12B | 14K | 30.17B | 31.73B | 23.5M | 23.88M | 20.08M | 17.56M | 15.89M | 11.11M | 7.96B | 9.61B |
| Non-Interest Income % | -6.76% | -327.48% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 21.9% | 33.99% |
| Total Revenue | 260.21B | 62.49B | 55.8B | 60.62B | 68K | 26K | 40.05B | 6.3K | 62.63B | 80.15B | 74.64B | 14K | 82.26B | 74.06B | 82.12B | 14K | 30.17B | 31.73B | 23.5M | 23.88M | 20.08M | 17.56M | 15.89M | 11.11M | 36.36B | 28.26B |
| Revenue Growth % | 1390.38% | 11.98% | -7.95% | 89146713.24% | 161.54% | -100% | 99999900% | -100% | -21.86% | 7.38% | 99999900% | -100% | 11.07% | -9.81% | 99999900% | -100% | -4.93% | 134967.04% | -1.62% | 18.91% | 14.4% | 10.5% | 43.02% | -99.97% | 28.69% | - |
| Non-Interest Expense | 56.81B | 18.25B | 0 | 0 | 0 | 0 | 0 | 35.7K | 0 | -97.1B | -95.82B | 0 | 0 | 631.88M | 0 | 0 | -456M | -410M | -482K | -478K | -560K | -505K | 6.87M | -637K | 16.62B | 14.52B |
| Efficiency Ratio | 21.83% | 29.2% | 0% | 0% | 0% | 0% | 0% | 566.67% | 0% | -121.16% | -128.38% | 0% | 0% | 0.85% | 0% | 0% | -1.51% | -1.29% | -2.05% | -2% | -2.79% | -2.88% | 43.22% | -5.73% | 45.69% | 51.37% |
| Operating Income | 16.45B | 3.76B | 4.08B | 3.24B | 4.45B | 8.82B | -1.55B | -42.2K | 6.62B | 17.8B | 7.94B | 2.42B | 9.42B | 6.99B | 7.27B | 8.66B | 8.34B | 5.01B | 4.17M | 4.78M | 2.91M | 3.24M | 1.36M | 0 | 2.27B | 2.82B |
| Operating Margin % | 6.32% | 6.02% | 7.32% | 5.35% | 6544887.61% | 33936680.77% | -3.86% | -669.84% | 10.56% | 22.21% | 10.64% | 17314339.65% | 11.45% | 9.43% | 8.85% | 61827413.54% | 27.63% | 15.79% | 17.76% | 20% | 14.49% | 18.45% | 8.57% | 0% | 6.25% | 9.98% |
| Operating Income Growth % | - | -7.87% | 25.91% | -27.11% | -49.56% | 671.01% | -3661613.27% | -100% | -62.83% | 124.15% | 227.64% | -74.26% | 34.77% | -3.9% | -16% | 3.83% | 66.36% | 120025.63% | -12.65% | 64.08% | -10.13% | 137.96% | - | -100% | -19.39% | - |
| Pretax Income | 16.37B | 3.38B | 3.13B | 2.04B | 4.77B | 6.09B | 987.05M | 21.5K | 6.55B | 22.03B | 7.79B | 2.73B | 8.73B | 6.55B | 7.33B | 8.74B | 8.3B | 6.17B | 4.45M | 5.42M | 2.94B | 3.23M | 1.25M | 2.3M | 2.27B | 2.82B |
| Pretax Margin % | 6.29% | 5.4% | 5.62% | 3.37% | 7010967.43% | 23415688.46% | 2.46% | 341.27% | 10.46% | 27.48% | 10.44% | 19487364.96% | 10.61% | 8.85% | 8.93% | 62435511.39% | 27.5% | 19.45% | 18.96% | 22.68% | 14637.96% | 18.38% | 7.86% | 20.72% | 6.25% | 9.98% |
| Income Tax | -2.79B | -519.1M | -119.02M | -859.76M | 612.8M | 1.76B | -2.26B | -1.66B | 1.28B | 1.61B | 3.44B | -2.45B | 2.27B | 945.55M | 1.48B | 2.07B | 2.53B | 2.08B | 282.75K | 1.3M | 602.08K | 926.33K | 190.78K | 0 | 159.29M | 550.38M |
| Effective Tax Rate % | -17.06% | -15.38% | -3.8% | -42.07% | 12.85% | 28.83% | -228.87% | -7728083.25% | 19.61% | 7.32% | 44.09% | -89.79% | 25.98% | 14.43% | 20.13% | 23.68% | 30.52% | 33.68% | 6.35% | 23.93% | 0.02% | 28.71% | 15.28% | 0% | 7.01% | 19.52% |
| Net Income | 19.05B | 4.24B | 3.2B | 2.85B | 21.22B | 23.17B | 0 | 21.5K | 7K | 22.75B | 20.7B | 7K | 8.01B | -2.4B | 5.94B | 7K | 9.75B | 9.25B | 7.02M | 7.91M | 6.46M | 6.31M | 3.33M | 2.3M | 2.14B | 2.27B |
| Net Margin % | 7.32% | 6.78% | 5.74% | 4.71% | 31210682.35% | 89124315.38% | 0% | 341.27% | 0% | 28.38% | 27.73% | 50% | 9.74% | -3.25% | 7.24% | 50% | 32.32% | 29.15% | 29.87% | 33.11% | 32.17% | 35.94% | 20.94% | 20.72% | 5.89% | 8.03% |
| Net Income Growth % | 138.68% | 32.4% | 12.17% | -86.56% | -8.41% | - | -100% | 207.14% | -100% | 9.91% | 99999900% | -100% | 433.25% | -140.46% | 84899071.43% | -100% | 5.44% | 131689.68% | -11.25% | 22.38% | 2.41% | 89.66% | 44.53% | -99.89% | -5.61% | - |
| Net Income (Continuing) | 19.16B | 3.9B | 3.25B | 2.9B | 4.15B | 4.33B | 3.25B | 5.76B | 5.26B | 4.66B | 4.36B | 5.18B | 6.46B | 5.61B | 5.86B | 6.67B | 5.76B | 4.09B | 4.17M | 4.12M | 2.34M | 2.3M | 1.06M | 0 | 2.11B | 2.27B |
| EPS (Diluted) | 1.80 | 0.40 | 0.30 | 0.27 | 0.38 | 0.37 | 0.30 | 0.53 | 0.49 | 0.43 | 0.40 | 0.48 | 0.60 | 0.52 | 0.55 | 0.62 | 0.49 | 0.35 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.24 | 0.27 |
| EPS Growth % | 24.99% | 33.33% | 11.11% | -28.95% | 2.7% | 23.33% | -43.4% | 8.16% | 13.95% | 7.5% | -16.67% | -20% | 15.38% | -5.45% | -11.29% | 26.53% | 40% | - | - | - | - | - | - | -100% | -11.11% | - |
| EPS (Basic) | - | 0.40 | 0.30 | 0.27 | 0.38 | 0.37 | 0.30 | 0.53 | 0.49 | 0.43 | 0.40 | 0.48 | 0.60 | 0.52 | 0.55 | 0.62 | 0.49 | 0.35 | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 | 0.00 | 0.24 | 0.27 |
| Diluted Shares Outstanding | 10.57B | 10.58B | 10.61B | 10.64B | 10.66B | 11.74B | 10.69B | 10.69B | 10.69B | 10.69B | 10.69B | 10.69B | 10.7B | 10.71B | 10.71B | 10.71B | 11.66B | 11.62B | 0 | 0 | 0 | 0 | 0 | 0 | 8.77B | 8.83B |
Asset quality and provisioning
As reported in recent financial statements, Banco Bradesco experienced a significant contraction in net interest income, falling to $17.3 billion in 2026Q1 from $22.3 billion in 2025Q1, reflecting a 22.4% year-over-year decline that highlights the bank's sensitivity to shifting Brazilian monetary policy and credit demand.
The sharp drop in NII suggests that the bank is struggling to maintain interest spreads amidst a challenging macroeconomic environment. Investors should monitor whether this decline is a result of deliberate balance sheet de-risking or a loss of market share to more agile digital competitors.
Based on the provided quarterly data, the bank's net interest margin has fluctuated significantly, peaking at 4.3% in 2025Q4 before compressing to 3.7% in 2026Q1, indicating that funding costs and asset yields remain highly sensitive to the prevailing interest rate cycle in Brazil.
The volatility in NIM suggests that Bradesco faces difficulty in passing through higher funding costs to its retail and SME client base. This margin instability warrants further investigation into the bank's asset-liability management strategy and its ability to protect profitability during periods of monetary tightening.
According to the 2026Q1 income statement, the bank recorded a provision expense of $43.7 billion, a substantial increase that appears to reflect deteriorating asset quality within the retail and SME portfolios, significantly weighing on the bank's overall pre-provision net revenue and net income generation.
The magnitude of these provisions suggests that the bank is bracing for a sustained period of elevated credit losses. Analysts should interpret this as a potential signal of underlying weakness in the bank's loan book, which may require further capital allocation to maintain adequate coverage ratios.
Financial disclosures indicate that the efficiency ratio reached 27.1% in 2026Q1, a notable increase from the 20.5% reported in 2025Q4, suggesting that the bank's legacy physical infrastructure is becoming increasingly burdensome relative to its total revenue generation in a rapidly digitizing financial landscape.
The rising efficiency ratio implies that the bank is struggling to achieve operating leverage, likely due to the high fixed costs associated with its extensive branch network. This trend suggests that management may need to accelerate cost-rationalization efforts to remain competitive against lower-cost digital-native peers.
As evidenced by the dramatic swing in provision expenses from zero in 2024 to $43.7 billion in 2026Q1, the bank's earnings appear highly susceptible to discretionary provisioning adjustments, which complicates the assessment of true operational performance and long-term profitability for institutional investors.
The reliance on large, periodic provision charges suggests that the bank's reported net income may not fully reflect the underlying credit risk of its loan portfolio. Investors should monitor whether these provisioning patterns are indicative of a structural credit issue or a management strategy to smooth earnings volatility.
Quick answers to the most common questions about buying BBDO stock.
Banco Bradesco S.A. (BBDO) is profitable, generating $4.24B in net income for the fiscal year ending 2025 with a net profit margin of 6.8%.
Banco Bradesco S.A. (BBDO) reported an operating income of $3.76B, resulting in an operating profit margin of 6.0%. This margin reflects the operational efficiency of the business before interest and taxes.
Banco Bradesco S.A. (BBDO) generated $21.62B in gross profit for the year, representing a gross profit margin of 34.6%. This demonstrates the company's core pricing power and production efficiency.