The strong earnings beat and capital raise signal improving fundamentals and credit growth. Monitor the impact of Brazil's Selic rate (13.75%) on NIM and credit costs in coming quarters, as well as the deployment of the R$10B capital for technology and business expansion.
Price Chart
Executive Summary
Banco Bradesco reported 9M26 IFRS net income of R$19.9 billion, up 14.4% YoY from R$17.4 billion, driven by strong growth in net interest income and insurance results. The bank completed a R$10 billion capital increase, fully subscribed, with R$5.4 billion from controlling shareholders and R$4.6 billion from minority shareholders, strengthening its capital structure. The expanded loan portfolio grew 11.1% YoY to R$1,149.5 billion, while the Tier I Capital ratio improved to 13.7% from 13.2% at year-end 2025.
Key Facts
- 9M26 net income R$19.9 billion vs R$17.4 billion in 9M25, up 14.4%
- 3Q26 net income R$7.4 billion vs R$5.6 billion in 3Q25, up 33.6%
- Net interest income 9M26 R$56.6 billion vs R$54.9 billion in 9M25, up 3.1%
- Expanded loan portfolio R$1,149.5 billion, +11.1% YoY
- R$10 billion capital increase fully subscribed; R$5.4B from controlling, R$4.6B from minority shareholders
- Tier I Capital ratio 13.7% vs 13.2% at Dec 2025
- Book net income R$19.9 billion, book value per share R$18.45
- Earnings per share: common R$1.77, preferred R$1.95
Financial Impact
Net income growth of 14.4% YoY to R$19.9 billion; capital increase of R$10 billion strengthens balance sheet
Risk Factors
- Brazil's restrictive monetary policy (Selic at 13.75%) may pressure loan growth and increase credit costs
- Geopolitical tensions and global interest rate hikes could impact emerging market sentiment
- Household debt levels and economic moderation may lead to higher delinquencies
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001292814-26-004996 |
| Document: 0001292814-26-004996-index-headers.html | 0001292814-26-004996 |
| Document: 0001292814-26-004996-index.html | 0001292814-26-004996 |
| Document: 0001292814-26-004996.txt | 0001292814-26-004996 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 6-K | $4.07 | awaiting T+20 | — | $2.93 (−28.01%) |
Oct 23, 2026 3d ago | 6-K | $4.07 | awaiting T+20 | — | $2.93 (−28.01%) |
Oct 23, 2026 3d ago | 6-K | $4.07 | awaiting T+20 | — | $2.93 (−28.01%) |
Oct 22, 2026 4d ago | 6-K | $4.07 | awaiting T+20 | — | $2.93 (−28.01%) |
Oct 15, 2026 11d ago | 6-K | $4.03 | awaiting T+20 | — | $2.93 (−27.30%) |
Oct 15, 2026 11d ago | Insider Cluster | $4.03 | awaiting T+20 | — | $2.93 (−27.30%) |
Oct 13, 2026 13d ago | 6-K | $4.14 | awaiting T+20 | — | $2.93 (−29.23%) |
Oct 8, 2026 18d ago | 6-K | $4.22 | awaiting T+20 | — | $2.93 (−30.64%) |
Oct 5, 2026 21d ago | Insider Cluster | $4.25 | awaiting T+20 | — | $2.93 (−31.12%) |
Oct 5, 2026 21d ago | Insider Cluster | $4.25 | awaiting T+20 | — | $2.93 (−31.12%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers