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Banco Bradesco S.A.

Banco Bradesco S.A.

NYSE•BBD
CEO: Mr. Marcelo de Araujo Noronha
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 2002-08-02
Banco Bradesco S.A., together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services. Banco Bradesco S.A. was founded in 1943 and is headquartered in Osasco, Brazil.
Contact Information
Cidade De Deus, S/N, Vila Yara, Osasco, SP, 06029-900, Brazil
55-80-0704-8383
banco.bradesco
Market Cap
$38.43B
P/E (TTM)
9.6
14.5
Dividend Yield
3.4%
52W High
$3.77
52W Low
$1.84
52W Range
93%
Rank52Top 60.9%
3.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$14.81B+29.69%
4-Quarter Trend

EPS

$0.10+13.04%
4-Quarter Trend

FCF

-$222.31M-84.98%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Consolidated Net Income Rises Net income grew 21.0% to R$17.54B in 2024, driven by strong financial margin performance and insurance segment recovery.
Net Interest Margin Improves NIM increased to 3.5% in 2024 from 2.7% in 2023, supported by favorable interest rate movements and volume growth in loans.
Asset Quality Shows Strength Delinquency ratio (90+ days past due) improved significantly, decreasing to 4.0% in 2024 from 5.1% in the prior year.
Insurance Profitability Surges Gross profit from insurance and pension plans jumped 70.8% to R$8.94B, reflecting higher income from PAA and BBA contracts.

Risk Factors

Brazilian Macroeconomic Instability Persistent high inflation, political uncertainty, and potential low economic growth rates in Brazil directly impact business operations and asset values.
Interest Rate Volatility Risk Changes in the SELIC base rate by the Central Bank can materially affect net interest margins, increasing funding costs or reducing interest income.
Cybersecurity and System Failures Exposure to cyber incidents, system breaches, and failures in operational or technological infrastructure could interrupt businesses and cause material losses.
Tax Reform Uncertainty Ongoing discussions regarding comprehensive tax reform in Brazil create uncertainty regarding future tax burdens and potential impacts on gross margins.

Outlook

NIM Resilience Expected Future net interest margin will be influenced by the Central Bank's stance on persistent high inflation and fluctuating SELIC rate adjustments.
Credit Quality Focus Maintained Expect continued focus on portfolio quality, leveraging improved delinquency ratios and efficient collection processes to manage credit costs.
Digital Transformation Advances Strategic plan emphasizes streamlining operations via new organizational structure and expanding digital channels, including the Mobile App and BIA tool.
Global Geopolitical Pressures Geopolitical conflicts and trade disputes may generate widespread uncertainties impacting investor risk appetite and global economic growth prospects.

Peer Comparison

Revenue (TTM)

Banco Santander (Brasil) S.A.BSBR
$119.86B
+162.1%
Deutsche Bank AktiengesellschaftDB
$58.79B
+41.1%
Itaú Unibanco Holding S.A.ITUB
$55.39B
+0.5%

Gross Margin (Latest Quarter)

Lloyds Banking Group plcLYG
100.0%
+0.0pp
Grupo Supervielle S.A.SUPV
100.0%
-3.0pp
Itaú Unibanco Holding S.A.ITUB
100.0%
+54.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ITUB$86.64B10.621.0%33.1%
LYG$77.78B13.39.4%10.3%
DB$69.40B10.97.2%9.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
9.4%
Steady Growth
4Q Net Income CAGR
12.6%
Profitability Improving
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 31, 2025|
    Revenue: $46.18B-2.0%
    |
    EPS: $0.30+21.6%
    Beat

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 29, 2024|
    Revenue: $13.68B+206.3%
    |
    EPS: $0.27-32.7%
    Beat

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Apr 28, 2023|
    Revenue: $20.99B-10.4%
    |
    EPS: $0.38+1.0%
    Miss

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Apr 29, 2022|
    Revenue: $18.92B-29.1%
    |
    EPS: $0.36+33.1%
    Miss

  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Apr 30, 2021|
    Revenue: $12.13B+31.9%
    |
    EPS: $0.30-29.9%
    Miss