NYSE : BBDO
Banco Bradesco S.A. — Financial statements
Financials · Banks - Regional · Brazil
Last price 2.49 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 26.47B
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Financial statements
Income statement
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 298.33B | 267.11B | 211.73B | 211.46B | 200.61B | 138.22B |
| Interest Paid on Deposits | 223.34B | 193.84B | 144.28B | 156.38B | 130.80B | 55.12B |
| Net Interest Income | 74.99B | 73.27B | 67.45B | 55.08B | 69.81B | 83.10B |
| Gain (Loss) on Sale of Assets | 59.94M | 54.39M | 201.52M | 208.32M | 240.78M | 25.89M |
| Gain (Loss) on Sale of Investments | 1.01B | 2.21B | -2.12B | 10.78B | 6.48B | -12.61B |
| Other Non-Interest Income | 50.38B | 42.41B | 39.98B | 32.45B | 32.97B | 31.68B |
| Total Non-Interest Income | 51.45B | 44.67B | 38.07B | 43.45B | 39.70B | 19.10B |
| Revenues Before Loan Losses | 126.43B | 117.94B | 105.52B | 98.53B | 109.51B | 102.20B |
| Provision for Loan Losses | 30.53B | 28.68B | 26.64B | 30.18B | 26.35B | 9.36B |
| Revenue | 95.90B | 89.27B | 78.89B | 68.35B | 83.16B | 92.84B |
| Salaries and Employee Benefits | 25.09B | 24.44B | 22.28B | 20.81B | 19.89B | 20.01B |
| Occupancy Expenses | 6.84B | 7.06B | 6.37B | 6.03B | 5.31B | 5.77B |
| Selling, General & Administrative | 17.29B | 16.07B | 16.58B | 16.29B | 20.05B | 19.07B |
| Other Non-Interest Expense | 14.83B | 14.17B | 12.33B | 10.77B | 11.69B | 11.66B |
| Total Non-Interest Expense | 61.78B | 59.59B | 56.03B | 51.79B | 55.58B | 56.10B |
| EBT Excluding Unusual Items | 34.12B | 29.68B | 22.86B | 16.56B | 27.58B | 36.74B |
| Asset Writedown | -1.75M | |||||
| Legal Settlements | -5.60B | -8.66B | -5.95B | -6.35B | -2.96B | -3.89B |
| Pretax Income | 28.52B | 21.02B | 16.90B | 10.21B | 24.62B | 32.85B |
| Income Tax Expense | 2.07B | -2.90B | -641.64M | -4.29B | 3.16B | 9.47B |
| Earnings From Continuing Operations | 26.45B | 23.92B | 17.54B | 14.50B | 21.46B | 23.38B |
| Minority Interest in Earnings | -305.35M | -251.93M | -289.25M | -251.44M | -233.51M | -208.48M |
| Net Income | 26.15B | 23.67B | 17.25B | 14.25B | 21.22B | 23.17B |
| Net Income to Common | 26.15B | 23.67B | 17.25B | 14.25B | 21.22B | 23.17B |
| Basic Shares Outstanding | 10.57B | 10.58B | 10.61B | 10.64B | 10.66B | 10.68B |
| Diluted Shares Outstanding | 10.57B | 10.58B | 10.61B | 10.64B | 10.66B | 10.68B |
| EPS (Basic) | 2.47 | 2.24 | 1.63 | 1.34 | 1.99 | 2.17 |
| EPS (Diluted) | 2.47 | 2.24 | 1.63 | 1.34 | 1.99 | 2.17 |
| Dividend Per Share | 1.33 | 1.21 | 1.11 | 1.11 | 0.62 | 0.70 |
| Effective Tax Rate | 7.25% | 12.85% | 28.83% |
Balance sheet
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 31.21B | 25.65B | 36.83B | 41.54B | 28.55B | 21.28B |
| Investment Securities | 1.25T | 411.83B | 434.31B | 956.46B | 830.86B | 761.77B |
| Trading Asset Securities | 36.17B | 547.79B | 371.88B | 19.13B | 20.55B | 26.98B |
| Total Investments | 1.28T | 959.62B | 806.20B | 975.59B | 851.41B | 788.75B |
| Gross Loans | 841.30B | 1.03T | 916.66B | 648.19B | 670.33B | 629.83B |
| Allowance for Loan Losses | -46.00B | -47.01B | -48.05B | -50.19B | -54.48B | -40.87B |
| Net Loans | 795.30B | 979.94B | 868.62B | 598.01B | 615.85B | 588.96B |
| Property, Plant & Equipment | 9.01B | 9.41B | 10.22B | 11.12B | 11.97B | 13.51B |
| Goodwill | 6.68B | 6.61B | 6.73B | 6.60B | 6.54B | 6.05B |
| Other Intangible Assets | 15.80B | 19.13B | 17.02B | 9.70B | 8.70B | 5.81B |
| Other Receivables | 21.17B | 19.88B | 27.01B | 21.12B | 22.15B | 5.80B |
| Restricted Cash | 113.36B | 111.38B | 109.79B | 109.52B | 93.97B | 87.32B |
| Other Current Assets | 34.41B | 28.89B | 25.31B | 23.72B | 23.20B | 34.15B |
| Long-Term Deferred Tax Assets | 102.42B | 111.24B | 101.81B | 92.52B | 84.21B | 78.74B |
| Other Real Estate Owned & Foreclosed | 4.55B | 3.76B | 3.49B | 1.33B | 1.24B | 1.20B |
| Other Long-Term Assets | 87.43B | 54.83B | 56.46B | 36.77B | 44.49B | 42.88B |
| Total Assets | 2.50T | 2.33T | 2.07T | 1.93T | 1.79T | 1.68T |
| Accrued Expenses | 12.57B | 12.41B | 11.31B | 9.78B | 7.88B | 3.04B |
| Interest Bearing Deposits | 733.37B | 689.97B | 603.23B | 574.66B | 535.35B | 517.77B |
| Non-Interest Bearing Deposits | 30.96B | 38.00B | 45.54B | 51.14B | 58.07B | 58.12B |
| Total Deposits | 764.33B | 727.96B | 648.77B | 625.79B | 593.42B | 575.89B |
| Short-Term Borrowings | 377.56B | 367.97B | 299.29B | 287.95B | 236.04B | 236.84B |
| Current Portion of Long-Term Debt | 108.45B | 304.11B | 11.76B | 421.77M | 5.64B | |
| Current Portion of Leases | 709.96M | 730.94M | 830.85M | 983.66M | 1.00B | 977.03M |
| Current Income Taxes Payable | 2.34B | 2.00B | 2.04B | 1.55B | 1.59B | 2.06B |
| Other Current Liabilities | 489.00B | 471.15B | 42.70B | 37.30B | 40.15B | 31.36B |
| Long-Term Debt | 385.29B | 141.33B | 391.57B | 355.44B | 338.99B | 284.55B |
| Long-Term Leases | 1.90B | 2.52B | 2.32B | 2.64B | 3.59B | 3.68B |
| Long-Term Unearned Revenue | 7.41B | |||||
| Long-Term Deferred Tax Liabilities | 2.41B | 1.90B | 1.66B | 1.61B | 1.63B | 208.03M |
| Other Long-Term Liabilities | 162.79B | 119.30B | 488.28B | 437.05B | 402.34B | 379.33B |
| Total Liabilities | 2.31T | 2.15T | 1.90T | 1.76T | 1.63T | 1.53T |
| Common Stock | 103.49B | 87.10B | 87.10B | 87.10B | 87.10B | 83.10B |
| Additional Paid-In Capital | 70.50M | 70.50M | 70.50M | 70.50M | 70.50M | 70.50M |
| Retained Earnings | 91.47B | 90.57B | 82.02B | 75.96B | 73.27B | 68.24B |
| Treasury Stock | -288.59M | -168.62M | -568.73M | -224.38M | -666.70M | |
| Comprehensive Income & Other | 300.85M | 840.02M | -214.67M | 3.20B | -682.31M | -969.60M |
| Total Common Equity | 195.05B | 178.42B | 168.41B | 166.33B | 159.53B | 149.78B |
| Minority Interest | 1.54B | 533.48M | 532.84M | 683.16M | 475.91M | 451.87M |
| Shareholders' Equity | 196.59B | 178.95B | 168.94B | 167.01B | 160.01B | 150.23B |
| Total Liabilities & Equity | 2.50T | 2.33T | 2.07T | 1.93T | 1.79T | 1.68T |
| Total Debt | 873.91B | 816.66B | 705.77B | 647.43B | 585.26B | 526.05B |
| Net Cash (Debt) | -533.87B | -243.22B | -297.06B | -400.16B | -427.11B | -410.29B |
| Net Cash Per Share | -50.49 | -22.99 | -27.99 | -37.60 | -40.08 | -38.43 |
| Filing Date Shares Outstanding | 10.57B | 10.58B | 10.60B | 10.64B | 10.64B | 10.66B |
| Total Common Shares Outstanding | 10.57B | 10.58B | 10.60B | 10.64B | 10.64B | 10.66B |
| Book Value Per Share | 18.45 | 16.87 | 15.89 | 15.63 | 14.99 | 14.05 |
| Tangible Book Value | 172.56B | 152.68B | 144.66B | 150.03B | 144.29B | 137.92B |
| Tangible Book Value Per Share | 16.32 | 14.43 | 13.65 | 14.10 | 13.56 | 12.94 |
Cash flow statement
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 26.15B | 23.67B | 17.25B | 14.25B | 21.22B | 23.17B |
| Depreciation & Amortization | 4.27B | 4.27B | 4.94B | 6.52B | 4.45B | 4.95B |
| Other Amortization | 2.97B | 2.79B | 1.79B | 1.21B | 827.24M | |
| Gain (Loss) on Sale of Assets | -111.23M | -54.39M | -201.52M | -208.32M | -240.78M | -10.53M |
| Gain (Loss) on Sale of Investments | 1.90B | 23.58M | -1.02B | -1.83B | -3.09B | 1.07B |
| Total Asset Writedown | 930.10M | 930.10M | 890.90M | 1.94B | -2.58B | 255.97M |
| Provision for Credit Losses | 30.53B | 28.68B | 26.64B | 30.18B | 26.35B | 9.36B |
| Change in Trading Asset Securities | -89.01B | -179.40B | 10.56B | -85.70B | 34.66B | -60.38B |
| Change in Other Net Operating Assets | -236.96B | -240.62B | -208.20B | -175.81B | -189.59B | -225.00B |
| Other Operating Activities | 46.08B | 51.08B | 57.56B | 50.79B | 63.86B | 78.11B |
| Operating Cash Flow | -215.51B | -310.78B | -91.33B | -161.97B | -45.09B | -168.08B |
| Capital Expenditures | -3.13B | -5.02B | -2.30B | -1.95B | -2.44B | -1.16B |
| Sale of Property, Plant and Equipment | 3.36B | 2.26B | 1.20B | 1.99B | 1.04B | 1.14B |
| Cash Acquisitions | -211.14M | -84.77M | -623.97M | -183.17M | ||
| Investment in Securities | -46.77B | 17.36B | -25.20B | 44.32B | -60.22B | -34.42B |
| Income (Loss) Equity Investments | -2.27B | -2.16B | -1.53B | -2.10B | -1.36B | -421.50M |
| Purchase / Sale of Intangibles | -8.20B | -6.61B | -5.75B | -7.19B | -6.97B | -3.25B |
| Other Investing Activities | 52.00B | 51.85B | 27.24B | 46.52B | 51.44B | 18.56B |
| Investing Cash Flow | -2.75B | 59.83B | -5.01B | 83.61B | -17.78B | -19.31B |
| Long-Term Debt Issued | 164.53B | 63.74B | 106.39B | 111.49B | 114.35B | |
| Long-Term Debt Repaid | -124.42B | -63.44B | -92.26B | -70.94B | -96.02B | |
| Lease Payments | -1.25B | -1.54B | -1.40B | -1.67B | -1.92B | -1.69B |
| Net Debt Issued (Repaid) | 53.59B | 40.11B | 290.49M | 14.13B | 40.55B | 18.33B |
| Repurchase of Common Stock | -119.97M | -222.62M | -568.73M | -224.38M | -666.70M | |
| Common Dividends Paid | -18.32B | -11.83B | -6.54B | -8.93B | -3.66B | -9.91B |
| Net Increase (Decrease) in Deposit Accounts | 268.06B | 248.24B | 141.55B | 161.80B | 94.86B | 66.09B |
| Other Financing Activities | -50.44B | -39.77B | -16.86B | -28.26B | -14.75B | -9.36B |
| Financing Cash Flow | 262.48B | 236.53B | 117.88B | 138.73B | 116.77B | 64.48B |
| Foreign Exchange Rate Adjustments | -34.59M | -88.33M | -305.23M | 239.32M | 892.29M | 3.48B |
| Net Cash Flow | 44.19B | -14.51B | 21.23B | 60.61B | 54.80B | -119.43B |
| Free Cash Flow | -218.64B | -315.80B | -93.62B | -163.93B | -47.53B | -169.24B |
| Free Cash Flow Margin | -227.99% | -353.77% | -118.68% | -239.83% | -57.15% | -182.29% |
| Free Cash Flow Per Share | -20.68 | -29.85 | -8.82 | -15.40 | -4.46 | -15.85 |
| Free Cash Flow After Leases | -219.89B | -317.34B | -95.03B | -165.59B | -49.44B | -170.92B |
| Cash Interest Paid | 172.41B | 145.54B | 97.17B | 117.18B | 86.67B | 39.03B |
| Cash Income Tax Paid | 14.49B | 7.64B | 7.13B | 7.38B | 9.29B | 6.71B |
Ratios
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 26.07B | 32.44B | 19.04B | 35.49B | 28.85B | 30.78B |
| Last Close Price | 2.42 | 2.76 | 1.58 | 2.69 | 2.02 | 2.02 |
| PE Ratio | 5.37 | 7.55 | 6.82 | 12.09 | 7.19 | 7.40 |
| PS Ratio | 1.40 | 2.00 | 1.49 | 2.52 | 1.83 | 1.85 |
| PB Ratio | 0.68 | 1.00 | 0.70 | 1.03 | 0.95 | 1.14 |
| Debt / Equity Ratio | 4.45 | 4.56 | 4.18 | 3.88 | 3.66 | 3.50 |
| Net Debt / Equity Ratio | 2.72 | 1.36 | 1.76 | 2.40 | 2.67 | 2.73 |
| Net Debt / FCF Ratio | -2.44 | -0.77 | -3.17 | -2.44 | -8.99 | -2.42 |
| Return on Equity (ROE) | 14.19% | 13.75% | 10.44% | 8.87% | 13.83% | 15.78% |
| Return on Assets (ROA) | 1.12% | 1.09% | 0.88% | 0.78% | 1.24% | 1.43% |
| Earnings Yield | 18.64% | 13.25% | 14.65% | 8.28% | 13.92% | 13.51% |
| FCF Yield | -155.46% | -176.74% | -79.52% | -95.18% | -31.16% | -98.69% |
| Dividend Yield | 7.44% | 7.15% | 10.03% | 6.88% | 4.34% | 4.33% |
| Payout Ratio | 40.25% | 49.99% | 37.92% | 62.65% | 17.23% | 42.79% |
| Buyback Yield / Dilution | 0.13% | 0.33% | 0.26% | 0.14% | 0.18% | 0.15% |
| Total Shareholder Return | 7.69% | 7.49% | 10.29% | 7.02% | 4.52% | 4.48% |