Bradesco profit rises 16% as loan growth offsets higher delinquencies (updated)

Banco Bradesco

05/08/2026 23:20

Recasts with further data, context
SAO PAULO, Aug 5 (Reuters) - Brazilian lender Banco Bradesco BBDC3.SA on Wednesday reported second-quarter recurring net profit of 7.1 billion reais ($1.39 billion), up 16.2% from a year earlier and in line with analysts' estimates.
The result marked Bradesco's tenth straight quarter of net profit growth, it said.
Return on average equity (ROAE) rose to 16.2% from 14.6% a year earlier.
The loan book grew 11.6% to 1.14 trillion reais, driven by secured lending.
The over-90-day delinquency ratio edged up to 4.3% from 4.1% a year earlier, a rate that Bradesco said remained within its expectations despite a tougher credit environment.
The bank also highlighted strong performance from its insurance business.
"Despite maintaining a moderate risk appetite, we continue to see strong commercial momentum," the bank said, noting growth in secured lending segments.
Brazilian peers Banco do Brasil BBAS3.SA and Nubank NU.N are due to report quarterly results next week.
Itau Unibanco ITUB4.SA on Tuesday also posted a net profit in line with expectations. Santander Brasil SANB3.SA last week missed profit estimates.
($1 = 5.1228 reais)

(Reporting by Isabel Teles, Editing by Iñigo Alexander and Daina Beth Solomon)
((isabel.teles@thomsonreuters.com; +55 11 91033 3602))