Banco Bradesco SA
SWB:BREC
Banco Bradesco SA
Banco Bradesco SA, one of Brazil's foremost financial powerhouses, stands as a testament to consistent adaptability in a dynamic banking landscape. Founded in 1943 in the bustling city of Marília, this bank grew from a modest local institution into a financial behemoth, resonating with millions of customers across Brazil. At its core, Bradesco embodies a universal banking model, offering a diversified portfolio of financial services. It operates through two main segments: banking and insurance. The banking wing caters to the needs of its clientele through personal and commercial banking services. From savings and current accounts to loans and credit, each product is meticulously crafted to weave into the financial fabric of individuals and businesses alike. Additionally, Bradesco's digital banking platform, Next, and its extensive network of branches nationwide ensure accessibility and convenience, making banking seamless for its customers.
Meanwhile, the insurance arm, through its subsidiary Bradesco Seguros, complements the banking operations, providing a broad array of insurance products, which include life, health, and auto insurance. This robust insurance division not only underpins revenue but also enriches Bradesco’s comprehensive service offerings, ensuring that customers receive financial protection that matches their diverse needs. The synergy between its banking and insurance operations allows Bradesco to cross-sell its products, enhancing customer retention and profitability. Furthermore, the bank has always been forward-thinking, embracing technology and innovation to stay ahead in a competitive market. Sustainable growth and investment in digital transformation remain at the forefront of its strategic initiatives, positioning Bradesco as not just a financial institution but a pivotal player steering the financial future of Brazil.
Banco Bradesco SA, one of Brazil's foremost financial powerhouses, stands as a testament to consistent adaptability in a dynamic banking landscape. Founded in 1943 in the bustling city of Marília, this bank grew from a modest local institution into a financial behemoth, resonating with millions of customers across Brazil. At its core, Bradesco embodies a universal banking model, offering a diversified portfolio of financial services. It operates through two main segments: banking and insurance. The banking wing caters to the needs of its clientele through personal and commercial banking services. From savings and current accounts to loans and credit, each product is meticulously crafted to weave into the financial fabric of individuals and businesses alike. Additionally, Bradesco's digital banking platform, Next, and its extensive network of branches nationwide ensure accessibility and convenience, making banking seamless for its customers.
Meanwhile, the insurance arm, through its subsidiary Bradesco Seguros, complements the banking operations, providing a broad array of insurance products, which include life, health, and auto insurance. This robust insurance division not only underpins revenue but also enriches Bradesco’s comprehensive service offerings, ensuring that customers receive financial protection that matches their diverse needs. The synergy between its banking and insurance operations allows Bradesco to cross-sell its products, enhancing customer retention and profitability. Furthermore, the bank has always been forward-thinking, embracing technology and innovation to stay ahead in a competitive market. Sustainable growth and investment in digital transformation remain at the forefront of its strategic initiatives, positioning Bradesco as not just a financial institution but a pivotal player steering the financial future of Brazil.
Strong Net Income: Bradesco posted recurring net income of BRL 6.5 billion for Q4 2025, up 20.6% year-on-year, and BRL 24.7 billion for the full year, a 26.1% increase.
ROAE Exceeds Cost of Capital: Return on average equity reached 15.2% in Q4, surpassing the cost of capital for the first time; management expects further improvement.
Loan Portfolio Growth: The expanded loan portfolio grew 11% in 2025, driven especially by strong SME performance, exceeding initial guidance.
SME and Digital Expansion: Significant gains in SME market share (now 16.6%) and digital retail clients, with cost to serve digital clients slashed by 40x.
Expense Growth Driven by Tech: Operating expenses rose 8.5%, mainly due to a 22% increase in technology investments; core expenses grew in line with inflation.
Capital and CET1: CET1 ratio expected to remain around 11% during 2026, despite regulatory changes and robust loan growth.
2026 Guidance Conservative: Management acknowledged market expectations for higher results but emphasized realistic guidance and ongoing investment in transformation.
Optimistic Outlook: Leadership remains confident in continued ROAE growth, operating leverage, and further digital and efficiency gains.
