Bradesco releases transcript of Q2 2026 earnings call
BBD•Loan growth and SME expansion
Expanded loan book rose 11.6% y/y to R$ 1.137 trillion, led by SME up 16.1% y/y.
Management linked SME growth to collateralized government-backed FGI/FGO loans; R$ 31 billion of the R$ 37 billion y/y SME increase came from FGI/FGO.
Net interest income with market
NII with market rose 22% q/q to R$ 700 million; management guided to roughly R$ 1.5 billion to R$ 1.9 billion going forward.
Earnings call and reported results
Bradesco held its 2Q26 earnings call from its Cidade de Deus headquarters, joined by CEO Marcelo Noronha, CFO/CTO Cassiano Scarpelli, and IR head André Carvalho.
Net profit reached R$ 7.1 billion in 2Q26, up 16.2% y/y, with ROAE at 16.2%.
Capital position and expected transaction impact
CET1 stood at 11.3%; the bank expects another 140 bps from the Bradsaúde transaction once regulatory processes conclude.
Controllers proposed a R$ 10 billion capital increase, adding 90 bps to core capital; management framed it as support for tangible capital.
