Key facts
- Recurring net profit of 7.11 billion reais met analyst expectations.
- Loan book grew 11.1% to 1.15 trillion reais.
- Delinquency ratio rose to 4.6% from 4.1%.
- Provisions for loan losses increased 24.3% year-over-year.
- Return on average equity (ROAE) rose to 15.6%.
Banco Bradesco reported a third-quarter recurring net profit of 7.11 billion reais ($1.41 billion), meeting analyst expectations. The bank's CEO, Marcelo Noronha, stated that a cautious stance and solid cost control offset slower growth in credit-related revenues. The loan book expanded by 11.1% to 1.15 trillion reais, while the delinquency ratio edged up to 4.6%. Provisions for loan losses increased by 24.3% year-over-year to 10.6 billion reais. The return on average equity (ROAE) rose to 15.6%. Bradesco also renewed its share buyback program and maintained its 2026 projections.