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Banco Bradesco SA
(NYSE:BBD)
Banco Bradesco SA (BBD) vs. SPDR S&P 500 ETF (SPY)
Banco Bradesco SA Business Overview & Revenue Model
Banco Bradesco SA Earnings Call Summary
Banco Bradesco SA Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 89.14B | 249.61B | 254.71B | 239.65B | 157.55B |
| Gross Profit | 89.14B | 78.69B | 68.16B | 82.50B | 93.07B |
| EBITDA | 0.00 | 23.63B | 16.73B | 30.28B | 38.63B |
| Net Income | 23.67B | 17.25B | 14.25B | 21.22B | 23.17B |
Balance Sheet | |||||
| Total Assets | 2.33T | 2.07T | 1.93T | 1.79T | 1.68T |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 292.77B | 41.54B | 28.55B | 21.28B |
| Total Debt | 360.98B | 689.53B | 359.49B | 338.99B | 284.55B |
| Total Liabilities | 2.15T | 1.90T | 1.76T | 1.63T | 1.53T |
| Stockholders Equity | 178.42B | 168.41B | 166.33B | 159.53B | 149.78B |
Cash Flow | |||||
| Free Cash Flow | -315.80B | -93.62B | -9.32B | 32.35B | -106.41B |
| Operating Cash Flow | -310.78B | -91.33B | -177.63M | 41.77B | -102.00B |
| Investing Cash Flow | 59.83B | -5.01B | 83.61B | -17.78B | -19.31B |
| Financing Cash Flow | 236.53B | 117.88B | -23.06B | 21.92B | -1.61B |
Banco Bradesco SA Technical Analysis
Banco Bradesco SA Risk Analysis
Banco Bradesco SA Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $16.77B | 15.05 | 24.13% | 4.29% | 12.43% | 56.30% | |
70 Outperform | $20.64B | 19.70 | 17.06% | 10.29% | -6.79% | 16.13% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $21.95B | 17.53 | 20.74% | 5.56% | -11.64% | -8.75% | |
65 Neutral | $5.79B | 20.02 | 7.66% | 2.37% | -55.81% | -78.94% | |
64 Neutral | $39.57B | 9.94 | 14.19% | 2.48% | 5.89% | 34.68% | |
64 Neutral | $24.75B | 23.49 | 9.34% | 4.98% | 1.13% | -11.93% |
Banco Bradesco SA Corporate Events
Banco Bradesco has called cumulative Special and Annual Shareholders’ Meetings to be held exclusively digitally on March 10, 2026, reflecting its push toward broader, lower‑cost investor participation in Brazil and overseas. The bank highlights that 2025 was a challenging year marked by market headwinds and digital transformation, and frames the meetings as a key forum to support long‑term value creation and strong compliance.
On the special agenda, management proposes a R$6.67 billion increase in capital via capitalization of legal profit reserves with no new share issuance, along with bylaw changes to allow profit sharing for management and adjust the stated capital amount. On the annual agenda, shareholders will review and vote on the 2025 financial statements and profit allocation, set the size and elect members of the Board of Directors and Fiscal Council, and approve compensation for management and fiscal council members for 2026.
The meetings will be conducted entirely through digital platforms, with shareholders able to vote in advance by distance ballot until March 6, 2026 or participate and vote live online if they complete registration by March 8, 2026. The structure underscores Bradesco’s emphasis on governance, transparency and inclusivity, while the proposed capital and compensation measures signal how the bank aims to bolster its balance sheet, align executive incentives and reinforce its governance bodies for the next phase of its strategy.
The most recent analyst rating on (BBD) stock is a Buy with a $4.50 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.
On February 4, 2026, Banco Bradesco released its 2025 consolidated financial statements under IFRS, reporting solid balance-sheet growth despite a slowing Brazilian economy in the second half of 2025 amid restrictive monetary policy and global geopolitical uncertainties. Total deposits rose 12.2% year-on-year to R$728 billion, the expanded loan portfolio grew 11.0% to R$1.09 trillion, and securities holdings increased 19.4% to R$925.4 billion, while the allowance for expanded loans fell 2.6%; earnings per share reached R$2.13 for common and R$2.35 for preferred shares, book value per share was R$16.87, shareholders’ equity stood at R$178.7 billion, Tier I capital was 13.2%, and Bradesco distributed R$14.5 billion (gross) in interest on shareholders’ equity in 2025, including a complementary R$3.9 billion payment approved in December. The bank also highlighted strategic moves such as the November 2025 investment agreement through its indirectly controlled Atlântica Hospitais to expand its hospital partnership with Rede D’Or, and it reinforced its governance and shareholder-alignment message by publishing its 2026 corporate events calendar and monthly interest-on-equity payment schedule, underscoring predictability for investors. Operationally, Bradesco reported that a two-year technology transformation has made technology and AI a central value driver, with its Agile@Scale model cutting project lead times by 43% and nearly doubling delivery volume, and its AI First plan and BIA virtual assistants now supporting clients, employees and IT, improving digital journeys in payments, credit, real estate loans, cards and investments and deepening personalization and omnichannel service through Open Finance and advanced CRM, which together are intended to strengthen competitiveness and customer engagement in Brazil’s increasingly digital banking landscape.
The most recent analyst rating on (BBD) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.
In 2025 Banco Bradesco accelerated the execution of its transformation plan, reporting strong commercial traction across core product lines and an improving risk profile. For the fourth quarter of 2025, the bank posted net income of R$6.5 billion and a return on average equity of 15.2%, with total 2025 profit reaching R$24.7 billion, up 26.1% versus 2024. Revenues rose 9.8% year-on-year in the quarter to R$36.1 billion, supported by a 13.2% jump in net interest income and solid fee and commission growth, while the expanded loan portfolio reached R$1.089 trillion in December 2025, up 11.0% year-on-year on strong MSME, individual and late-year large corporate lending. Asset quality indicators improved, with stable 90-day delinquency, falling problem assets in the restructured loan book, lower stage 3 balances and a slight reduction in the cost of credit to 3.2% in 4Q25. Insurance operations remained a key earnings pillar, generating R$5.6 billion in operating income and R$2.8 billion in net income in the quarter, with a 24.3% ROAE and R$10.1 billion of earnings for 2025. Despite temporary expense pressures from ongoing transformation initiatives and higher provisions, the bank’s efficiency ratio improved by 2.2 percentage points over the year as revenues outpaced an 8.5% rise in operating costs, and capital ratios strengthened, with Tier 1 at 13.2% and common equity at 11.2% at year-end 2025. Management signaled that with credit risk under control and 2025 loan growth and insurance income outperforming guidance, Bradesco plans to sustain heavy investment in digital, customer-centric and cultural transformation in 2026 while targeting continued, gradual profitability gains and expanding its already surpassed socio-environmental financing commitment, now aiming to direct a cumulative R$450 billion to such sectors by December 2026.
The most recent analyst rating on (BBD) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.
Banco Bradesco reported strong results for the fourth quarter and full year 2025, highlighting the accelerated execution of its transformation plan and a focus on profitable, controlled growth. In 4Q25, net income reached R$6.5 billion, with a return on average equity of 15.2%—above its cost of capital—and full-year profit rose 26.1% year-on-year to R$24.7 billion. Total revenues climbed to R$36.1 billion in the quarter, supported by a 13.2% annual increase in net interest income and solid fee and commission growth, while the expanded loan portfolio grew 11.0% year-on-year to R$1.089 trillion, driven by MSMEs, individuals and late-year gains in large corporates. Asset quality metrics remained stable, with 90-day delinquency flat in December 2025 and a sharp decline in problem assets within the restructured loan book, allowing the cost of credit to edge down in the quarter. Bradesco’s insurance arm continued to contribute significantly, generating R$5.6 billion in operational income and R$2.8 billion in net income in 4Q25, with a ROAE of 24.3% and R$10.1 billion in earnings for 2025. Efficiency improved as revenues rose faster than expenses despite temporary cost pressure from transformation initiatives and balance-sheet strengthening, and capital ratios stayed comfortably above regulatory requirements, with Tier 1 at 13.2% at year-end 2025. Looking ahead to 2026, management signaled confidence that profitability will keep improving through revenue growth while it sustains heavy investment in digital, customer-centric transformation and cultural change, and it raised its sustainable finance ambition by committing to direct a cumulative R$450 billion to socio-environmental activities by December 2026 after surpassing its 2021–2025 target with R$381.9 billion already allocated.
The most recent analyst rating on (BBD) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.
On February 5, 2026, Banco Bradesco S.A. released its 2026 operational guidance, signaling moderate growth expectations across its core banking and insurance businesses. The bank projects an 8.5% to 10.5% expansion of its loan portfolio, net interest income after loan loss provisions between R$42 billion and R$48 billion, fee and commission income growth of 3% to 5%, operating expense growth of 6% to 8%, and income from insurance, pension plans and capitalization bonds also rising 6% to 8%. These targets outline Bradesco’s view of a year of measured balance-sheet expansion and higher revenues, while acknowledging cost pressures and the usual risks and uncertainties surrounding future economic and market conditions for its stakeholders.
The most recent analyst rating on (BBD) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.
Banco Bradesco S.A. has informed shareholders that it completed the payment of interim interest on shareholders’ equity totaling R$3 billion on January 30, 2026, as previously announced in a material fact released on June 18, 2025. The bank emphasized that all other terms and information from the original disclosure remain unchanged, underscoring continuity in its shareholder remuneration policy and providing clarity to investors regarding the execution of its previously communicated capital distribution plan.
The most recent analyst rating on (BBD) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.
On January 23, 2026, Banco Bradesco S.A. announced that, following the publication of Supplementary Law No. 224/25 on December 26, 2025, it has corrected the income tax rate applied to its monthly Interest on Shareholders’ Equity program and updated the corresponding net amounts per share previously disclosed on December 18, 2025. The bank set new gross amounts of R$0.017249826 per common share and R$0.018974809 per preferred share, and net amounts of R$0.014231106 and R$0.015654217 respectively after a 17.5% withholding tax, with tax-exempt legal entities receiving the full declared value. Bradesco confirmed that its overall monthly payment system and the 2026–early 2027 schedule of declaration, ex-right and payment dates remain unchanged, signaling continuity and predictability in shareholder remuneration while requiring investors to ensure their registration and banking details are up to date to receive the revised payments.
The most recent analyst rating on (BBD) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.
Banco Bradesco S.A. announced on January 15, 2026, that its next Annual General Meeting is expected to be held on March 10, 2026, in line with the previously disclosed corporate events calendar. The bank stated that detailed information, including the call notice and AGM manual, will be made available in due course on its investor relations website and through Brazil’s securities regulator and stock exchange, signaling the start of its 2026 corporate governance and shareholder decision-making cycle.
The most recent analyst rating on (BBD) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.
On January 12, 2026, Banco Bradesco S.A. announced it has renewed its agreement with related party Cielo S.A. for the provision of intermediation, acquisition, referral and maintenance services for commercial establishments, under which Bradesco attracts, indicates and retains merchants for potential accreditation to Cielo’s payment system. The contract, which is automatically extended every 12 months, remains embedded in Bradesco’s existing operational structure and, according to management, was approved through internal governance procedures, conducted under market conditions, and aligned with the bank’s related-party and data-protection policies, underscoring continued integration of its banking franchise with Cielo’s acquiring platform while seeking to mitigate conflicts of interest for shareholders and other stakeholders.
The most recent analyst rating on (BBD) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.
In a Form 6-K filed for January 2026, Banco Bradesco reported that in December 2025 there were no transactions in securities and derivatives involving its controlling shareholder group and their dependants, and that the group’s holdings in Bradesco’s common and non-voting shares remained unchanged over the month. Over the same period, members of the Board of Directors and their families executed a modest sale of 57,095 non-voting shares of Banco Bradesco through broker Ágora C.T.V.M. S/A, reducing their stake slightly, while their common share position was unchanged and Bradesco Leasing’s board and related parties reported no shareholdings or transactions, underscoring limited insider trading activity and stable ownership structures at year-end 2025.
The most recent analyst rating on (BBD) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.
On December 18, 2025, Banco Bradesco’s board of directors approved a substantial supplementary interest on shareholders’ equity totaling R$3.9 billion, equivalent to R$0.351190748 per common share and R$0.386309823 per preferred share, with shareholders of record on December 29, 2025 entitled to the payment and the shares trading ex-rights from December 30, 2025. Net of withholding tax, these amounts will be paid by July 31, 2026 and, together with monthly and interim interest on equity already paid or declared for 2025, bring total interest on equity for the year to about R$14.5 billion, underscoring Bradesco’s robust capital position and shareholder-return policy while these distributions count toward the mandatory dividend for the fiscal year.
The most recent analyst rating on (BBD) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.
On December 18, 2025, Banco Bradesco S.A. announced its planned 2026 monthly interest on shareholders’ equity schedule, setting declaration, ex-right and payment dates from January 2026 through January 4, 2027, for holders of common and preferred shares. The bank fixed gross monthly distributions at R$0.017249826 per common share and R$0.018974809 per preferred share (with net amounts after 15% withholding tax for most investors), detailed operational procedures for payments via custodians and bank accounts, and instructed shareholders with outdated registration data to update their information at Bradesco branches, signaling continuity of its existing monthly remuneration policy while reserving the right to adjust dates or amounts if needed.
The most recent analyst rating on (BBD) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.
In November 2025, Banco Bradesco S.A. reported no operations involving securities and derivatives for its administration and family dependents. However, the Board of Directors conducted several transactions involving non-voting shares, resulting in a total sale of 53,290 shares, amounting to R$1,018,897.68. This activity reflects the company’s ongoing management of its shareholdings and could impact its financial strategy and shareholder value.
The most recent analyst rating on (BBD) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.
Banco Bradesco S.A. has released its annual calendar of corporate events for the year 2026, detailing key dates for financial disclosures and shareholder meetings. The announcement outlines the schedule for the release of financial statements, governance information, and quarterly reports, which are crucial for stakeholders to track the company’s financial health and strategic direction.
The most recent analyst rating on (BBD) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.
In October 2025, Banco Bradesco S.A. reported no operations involving securities and derivatives for some of its administration and family dependents. However, the Board of Directors engaged in significant transactions involving non-voting shares, purchasing and selling substantial quantities through Ágora C.T.V.M. S/A. These activities reflect the bank’s strategic financial maneuvers, potentially impacting its market position and stakeholder interests.
The most recent analyst rating on (BBD) stock is a Buy with a $3.50 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.
On November 10, 2025, Banco Bradesco S.A. announced that its indirectly controlled investment company, Atlântica Hospitais e Participações, S.A., signed an Investment Agreement with Rede D’Or São Luiz S.A. Group to include Maternidade São Luiz Star in the ‘Atlântica D’Or’ structure. This expansion, part of a partnership initially disclosed in May 2024, aligns with Atlântica’s strategy to invest in the healthcare value chain. The transaction, which maintains the current ownership structure, is pending regulatory approvals and is expected to enhance Bradesco’s positioning in the healthcare sector.
The most recent analyst rating on (BBD) stock is a Buy with a $3.50 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.