Bradesco grows quarterly earnings as credit costs remain elevated

Banco Bradesco ($BBD) reported third-quarter 2026 recurring net profit of approximately R$7.11 billion, up 14.6% from a year earlier and 0.8% from the preceding quarter. Its expanded loan portfolio reached R$1.15 trillion, increasing 11.1% year on year and 1.1% sequentially. The bank maintained its annual projections.

Credit quality remained a constraint. Loans more than 90 days overdue rose to 4.6% of the portfolio, compared with 4.1% a year earlier and 4.3% in the second quarter. Expanded loan-loss provision expense increased 24.3% year on year and 6.6% sequentially to R$10.6 billion. The higher profit therefore came alongside increased credit costs, making the balance between lending growth and repayment performance important to the recovery.

Sources:

• Reuters
• economia.uol.com.br
• Reuters — quarterly results via Investing.com