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BBDO

Banco Bradesco S.A.

BBDO

Banco Bradesco S.A. • NYSE
$3.19 ▲ 0.47% (+0.01)
Market Cap $33.82 B
52w High $3.31
52w Low $1.71
Dividend Yield 0.08%
P/E 8.88
Volume 10.39K
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% $0.44 $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 $476.88B ▼ $2.069T ▲ $1.901T ▲ $168.41B ▲
Q3-2024 $500.485B $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 $3.295B ▼ $10.255B ▲ $-9.711B ▼ $-5.283B ▼ $-4.846B ▼ $8.209B ▲
Q3-2024 $5.576B $-6.279B $8.499B $-4.052B $-1.927B $-8.062B

Five-Year Company Overview

Income Statement

Income Statement Banco Bradesco shows that it is still a solidly profitable bank, but not at its best levels of recent years. Revenue has moved around quite a bit, with a strong year earlier in the period and more modest top-line more recently. Despite this, the bank continues to generate healthy operating and net profits, with earnings recovering after a weaker patch. Profit margins remain reasonable for a large Brazilian bank, but the trend suggests some pressure on growth and efficiency versus the stronger years. Overall, earnings quality is acceptable, yet not on a clear upward trajectory, which points to a bank in a normalization and adjustment phase rather than in a strong expansion phase.

Balance Sheet

Balance Sheet The balance sheet has grown steadily, with total assets increasing year after year. This shows that Bradesco continues to expand its lending and financial activities. Cash levels have remained fairly stable, suggesting a consistent liquidity buffer. Debt and funding have risen more quickly than equity, which is typical for a large bank but means the institution is relying more on borrowed and customer funds to support growth. Equity has inched up over time, indicating a slowly strengthening capital base, but not dramatically so. In simple terms, the bank is bigger, somewhat more leveraged, but still appears to be maintaining a solid capital foundation for its size.

Cash Flow

Cash Flow Cash flow is choppy, which is common for banks but still worth noting. Operating cash flow has swung from strongly positive to meaningfully negative in different years, reflecting shifts in lending, deposits, and working capital rather than traditional operating issues you see in industrial companies. Free cash flow follows the same pattern, moving between surplus and deficit. On the positive side, investment in fixed assets (like branches and systems) appears quite modest and stable, which fits a mature financial institution. The main takeaway is that cash flows are volatile on paper, but this largely reflects the nature of banking activity rather than heavy spending or structural cash drain; still, it adds complexity when assessing underlying health.

Competitive Edge

Competitive Edge Bradesco holds a very strong position in Brazil as one of the country’s largest private banks, with deep roots, a well-known brand, and a large, loyal customer base. Its mix of traditional banking plus a sizable insurance arm gives it diversified revenue sources and many opportunities to cross-sell products. The nationwide branch network, combined with strong digital channels, allows it to serve both traditional and mobile-first customers. At the same time, competition is intense: local fintechs, digital banks, and other major incumbents are all pushing hard on fees, service quality, and digital experience. Regulatory and economic swings in Brazil also remain a structural challenge. Overall, Bradesco still enjoys a sizable moat built on scale, trust, and diversification, but it must keep executing well to avoid losing ground to more agile digital players.

Innovation and R&D

Innovation and R&D Bradesco is clearly leaning into technology and innovation rather than defending a purely traditional model. It is investing heavily in digital platforms, artificial intelligence, and automation across the business. AI tools support developers, improve customer service, and help refine lending and investment decisions. Its dedicated digital offerings—such as the Next digital bank for younger customers and the Bitz digital wallet for payments and financial inclusion—show that it is willing to experiment with new brands and business models. The bank also appears focused on strengthening cybersecurity and modernizing its technology backbone. Looking ahead, integrating digital platforms and expanding digital banking into other Latin American markets, such as Mexico, could deepen its competitive edge if execution is strong. The key risk is that high technology spending and multiple parallel initiatives may not all translate into profitable, scalable growth if not tightly managed.

Summary

Banco Bradesco today looks like a large, established bank in the middle of a digital and strategic transition. Profitability remains sound but not at past peaks, and growth is more modest and uneven. Its balance sheet has expanded steadily, with rising leverage but a gradually stronger equity base in line with its size and role in the Brazilian market. Cash flows appear volatile in the statements, as is common in banking, but do not point to excessive investment strain. Competitively, the bank still benefits from its brand, scale, extensive network, and diversified model that includes both banking and insurance, while facing strong pressure from nimble fintech and digital rivals. Its substantial push into AI, digital banking, and new markets suggests meaningful long-term opportunity, but also execution and return-on-investment risks. Overall, Bradesco combines the resilience of a major incumbent with the challenges and uncertainties of a bank actively reinventing itself for a more digital future.