Banco Bradesco (NYSE:BBD) Posts Earnings Results, Hits Expectations

Banco Bradesco (NYSE:BBD) posted its quarterly earnings data on Friday. The bank reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11, reports. Banco Bradesco had a net margin of 9.61% and a return on equity of 12.95%. The company had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $6.68 billion.

Here are the key takeaways from Banco Bradesco’s conference call:

• Bradesco reported strong profit growth with recurring net income up 20.6% in Q4 and 26.1% for FY2025, and ROAE reached 15.2%, exceeding its cost of capital for the first time.
• The bank is rapidly scaling digital retail — 19 million fully digital clients today, a 40x reduction in direct cost-to-serve, and a target of roughly 40 million digital clients by end‑2026.
• Credit momentum is broad‑based — total loan portfolio growth accelerated to ~11% for 2025, with micro/small/medium companies up 21.3% and SME market share rising to 16.6%, supporting NII and fee growth.
• Management is doubling down on technology and AI (“AI‑first”), with technology capex +22% in 2025, productivity gains (app delivery capacity tripled) and continued AI deployments (BIA GenAI) to drive long‑term competitiveness.
• Operating expenses rose 8.5% (driven by higher tech spending, profit‑sharing and some marketing), and management acknowledged market disappointment with the 2026 guidance, creating potential near‑term pressure on sentiment despite long‑term objectives.

Banco Bradesco Price Performance

Shares of BBD opened at $3.99 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.12 and a current ratio of 1.12. The company’s fifty day simple moving average is $3.58 and its 200 day simple moving average is $3.34. Banco Bradesco has a 1-year low of $1.93 and a 1-year high of $4.28.

Banco Bradesco Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be issued a dividend of $0.0036 per share. The ex-dividend date is Wednesday, March 4th. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. This represents a c) dividend on an annualized basis and a yield of 1.1%. Banco Bradesco’s dividend payout ratio is presently 8.57%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BBD. Coldstream Capital Management Inc. bought a new stake in shares of Banco Bradesco in the 3rd quarter valued at about $109,000. Turim 21 Investimentos Ltda. acquired a new position in Banco Bradesco during the third quarter worth approximately $223,000. Public Employees Retirement System of Ohio raised its stake in Banco Bradesco by 9.2% in the third quarter. Public Employees Retirement System of Ohio now owns 9,771,278 shares of the bank’s stock valued at $33,027,000 after buying an additional 823,790 shares during the period. Millennium Management LLC lifted its position in shares of Banco Bradesco by 24.5% in the third quarter. Millennium Management LLC now owns 5,903,734 shares of the bank’s stock valued at $19,955,000 after buying an additional 1,162,681 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Banco Bradesco by 44.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 121,066 shares of the bank’s stock valued at $409,000 after buying an additional 37,499 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Banco Bradesco in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $2.00.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.