The earnings beat across multiple revenue lines reinforces the turnaround narrative; watch for continued net interest margin expansion and cost control. Provision expenses warrant monitoring but remain manageable.
Price Chart
Executive Summary
Bradesco reported strong 1Q26 results with recurring net income up 16.1% YoY to R$6.8 billion and total revenue increasing 14.0% YoY to R$36.9 billion, marking the ninth consecutive quarter of earnings growth. The results were driven by solid net interest income, insurance income, and fee income, although provision expenses rose 26.5% YoY. Management also provided 2026 guidance including expanded loan portfolio growth of 8.5%-10.5% and NII net of provisions of R$42-R$48 billion.
Key Facts
- Recurring net income R$6.8 billion, +16.1% YoY
- Total revenue R$36.9 billion, +14.0% YoY
- Net interest income R$20.1 billion, +16.4% YoY
- Expenses with expanded loan loss provisions R$9.7 billion, +26.5% YoY
- Over 90 days delinquency ratio 4.2%, +0.1 p.p. YoY
- Recurring ROAE 15.8%
- Expanded loan portfolio R$1.09 trillion, +8.4% YoY
- Insurance net income R$2.8 billion, +13.0% YoY
- 2026 guidance: loan growth 8.5%-10.5%, NII net of provisions R$42-48B, fee income +3-5%, operating expenses +6-8%, insurance income +6-8%
Financial Impact
Recurring net income of R$6.8 billion (≈$1.3B at current rates) reflects strong profitability improvement.
Risk Factors
- Rising provision expenses may pressure future earnings
- Slight increase in NPL ratio to 4.2%
- Macroeconomic challenges in Brazil including high interest rates
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001292814-26-002869 |
| Document: 0001292814-26-002869-index-headers.html | 0001292814-26-002869 |
| Document: 0001292814-26-002869-index.html | 0001292814-26-002869 |
| Document: 0001292814-26-002869.txt | 0001292814-26-002869 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 11, 2026 16w ago | Institutional Cluster | $2.97 $3.17 | ▲ +6.73% | ▲ +2.34% | $3.20 (+7.91%) |
May 29, 2026 18w ago | 6-K | $3.13 $3.20 | ▲ +2.36% | ▲ +1.18% | $3.20 (+2.52%) |
May 13, 2026 20w ago | 6-K | $3.16 $3.15 | ▼ −0.32% | ▼ −4.75% | $3.20 (+1.42%) |
May 7, 2026 21w ago | 6-K | $3.33 $3.28 | ▼ −1.50% | ▼ −5.33% | $3.20 (−3.75%) |
May 7, 2026 21w ago | 6-K | $3.33 $3.28 | ▲ +1.50% | ▲ +5.33% | $3.20 (+3.75%) |
May 7, 2026 21w ago | 6-K | $3.33 $3.28 | ▼ −1.50% | ▼ −5.33% | $3.20 (−3.75%) |
Apr 10, 2026 24w ago | 6-K | $3.68 $3.00 | ▼ −18.41% | ▼ −27.33% | $3.20 (−12.83%) |
Mar 30, 2026 26w ago | 6-K | $3.23 $2.98 | ▼ −7.83% | ▼ −20.21% | $3.20 (−0.87%) |
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.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access