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BBD

Banco Bradesco S.A.

BBD

Banco Bradesco S.A. • NYSE
$3.71 ▲ 0.82% (+0.03)
Market Cap $39.28 B
52w High $3.77
52w Low $1.84
Dividend Yield 0.12%
P/E 10.31
Volume 14.46M
Outstanding Shares 10.59B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $80.673B ▲ $16.207B ▼ $5.501B ▼ 6.818% ▼ $0.52 ▼ $6.636B ▲
Q2-2025 $76.525B ▲ $18.283B ▲ $6.067B ▲ 7.928% ▼ $0.57 ▲ $6.157B ▼
Q1-2025 $70.246B ▲ $16.644B ▼ $5.605B ▲ 7.979% ▲ $0.53 ▲ $7.734B ▲
Q4-2024 $66.252B ▲ $17.475B ▲ $4.146B ▼ 6.258% ▼ $0.39 ▼ $5.052B ▼
Q3-2024 $62.206B $16.267B $4.87B 7.828% $0.46 $7.266B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $265.44B ▲ $2.203T ▲ $2.027T ▲ $175.635B ▲
Q2-2025 $263.873B ▼ $2.148T ▲ $1.973T ▲ $174.054B ▲
Q1-2025 $441.937B ▲ $2.055T ▼ $1.884T ▼ $170.502B ▲
Q4-2024 $292.77B ▼ $2.069T ▲ $1.901T ▲ $168.41B ▲
Q3-2024 $300.375B $2.018T $1.85T $167.128B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $4.88B ▲ $815.901M ▼ $10.932B ▲ $-8.923B ▼ $2.797B ▼ $-1.211B ▼
Q2-2025 $4.329B ▼ $39.764B ▲ $5.965B ▼ $5.88B ▲ $51.609B ▲ $36.878B ▲
Q1-2025 $6.063B ▲ $-83.262B ▼ $51.989B ▲ $-5.358B ▼ $-36.803B ▼ $-85.73B ▼
Q4-2024 $4.146B ▼ $-55.156B ▼ $-9.711B ▼ $60.128B ▲ $-4.846B ▼ $-55.528B ▼
Q3-2024 $5.576B $-6.279B $8.499B $-4.052B $-1.927B $-8.062B

Five-Year Company Overview

Income Statement

Income Statement Bradesco has remained consistently profitable over the past five years, even through challenging economic periods. Revenue and profit levels have moved around, but the bank has not shown loss-making years in this stretch. After a dip in operating and net earnings in the middle of the period, results have improved more recently, suggesting some recovery in margins and cost control. Overall, the income statement tells a story of a large, diversified bank that can absorb pressure and still generate solid earnings, though not on a straight upward path year after year.

Balance Sheet

Balance Sheet The balance sheet has expanded steadily, with total assets growing each year, reflecting a larger loan book and broader operations. Equity has inched up over time, but funding and borrowings have grown much faster, meaning the bank is now operating with higher leverage than a few years ago. This is common for big banks, but it does mean more dependence on market and funding conditions. Cash holdings are much higher than they were earlier in the period, which provides some liquidity comfort, although they moved slightly down most recently. In short, Bradesco looks like a big, well-capitalized institution, but with a noticeably larger balance sheet and heavier use of funding than before.

Cash Flow

Cash Flow Cash flows are quite volatile from year to year, which is typical for a bank because lending, deposits, and trading activities can cause large swings that don’t always line up with reported earnings. Some years show strong inflows from operations, while others show sizable outflows, including the most recent year, despite the bank remaining profitable. Investment in physical assets is relatively modest compared with the scale of the business, so capital spending is not a major drain. The main takeaway is that headline cash flow figures need to be read cautiously for Bradesco: they reflect balance-sheet movements more than underlying business health, which appears more stable than the cash flow line alone suggests.

Competitive Edge

Competitive Edge Bradesco is one of Brazil’s banking heavyweights, with a huge customer base, a nationwide branch and ATM network, and a well-known, trusted brand built over decades. Its combination of traditional banking with a large insurance arm gives it a powerful cross-selling platform and makes it harder for smaller rivals to match its breadth of services. At the same time, it faces intense competition from other major Brazilian banks and fast-moving fintechs that can chip away at fees and customer relationships, especially with younger, digital-first users. Operating in Brazil also exposes the bank to swings in the local economy, inflation, interest rates, and regulatory changes. Overall, Bradesco still enjoys a strong position, but it must keep executing well to defend its moat against both traditional and digital challengers.

Innovation and R&D

Innovation and R&D The bank is leaning heavily into technology, particularly artificial intelligence, as a core part of its strategy rather than a side project. Its BIA platform supports customers, employees, and developers, aiming to cut costs, speed up product launches, and improve the customer experience. Bradesco has also built a sizable digital ecosystem with brands like Next and Digio, a modern investment platform, and advanced biometrics in its physical network. Planned integration of its digital banks, migration to cloud infrastructure, and expansion of its digital model into markets like Mexico show that innovation is tied directly to growth ambitions. Its focus on sustainable finance and green products adds another layer of differentiation. This innovation track record suggests Bradesco is actively trying to future‑proof its franchise rather than just relying on legacy strength.

Summary

Bradesco combines the characteristics of a mature, systemically important Brazilian bank with the mindset of a firm trying to reinvent itself digitally. Financially, it has stayed consistently profitable, grown its asset base, and modestly increased equity, although it now relies more heavily on funding and operates with higher leverage. Cash flows look choppy, but that volatility appears more linked to the nature of banking than to a deterioration in the underlying franchise. Competitively, its vast scale, integrated banking‑and‑insurance model, and trusted brand provide meaningful defenses, while its AI‑driven and digital initiatives show a serious effort to remain relevant in a rapidly changing financial landscape. The key uncertainties revolve around Brazil’s macro environment, credit quality through cycles, regulatory shifts, and the pace at which fintech and big‑tech competitors erode traditional banking economics. Within that context, Bradesco stands out as a large, resilient institution working actively to adapt rather than stand still.