Banco Bradesco Sa · BMFBOVESPA:BBDC3
Banco Bradesco Sa — Q4 2025 Earnings Presentation
25 slides from Banco Bradesco Sa's earnings presentation, Feb 6, 2026
Slide 1: I AM BRADESCO
Translation I AM BRADESCO our evolving culture We Stand For People An Empowered Team Results-Driven Together We Evolve We Stand for Customers Challenge Oriented
Slide 2: Profitability continues to improve; ROAE exceeds cost of capital
Profitability continues to improve in a gradual and safe way, driven by revenues, and in the last quarter exceeded the cost of capital 4Q25 recurring net income 2025 R$6.5 bn R$24.7 bn 5.0% 20.6% 26.1% 4Q25 vs. 3Q25 (q/q) 4Q25 vs. 4Q24 (y/y) 2025 vs. 2024 ROAE 15.2% 0.5 p.p. (q/q) 2.5 p.p. (y/y
Slide 3: Operational highlights in 2025
operational highlights in 2025 Net income increases by 26%, evolving in all quarters Revenues grow by 13.2%, being the main driver of higher profitability Portfolio growth of 11.0%, with market share gain in SMEs Delinquency rate under control and asset quality improvement: over90-day NPL remained u
Slide 4: Two-year review
SMEs high income payments digital retail credit synergies efficiency management model technology and culture organizational structure Two-year review
Slide 5: Digital retail next steps
digital retail next steps Varejo Digital next steps Footprint adjustment to continue 1.6 MM 19+ MM BIA BIA of services in Dec25 Bradesco Expresso expanding insurance and consortium & GenAI Clients fully digital integrated chat ~90% distribution, and increasing payroll loan origination effectiveness
Slide 6: Affluent next steps
affluent next steps principal 320K clients and 62 offices in 36 cities ~800K clients and 100+ offices in launch in Nov24 more than 70 cities New customer service model with specialized managers and reduced account load Increased funding/deposits Dedicated service center and investment advisors Integ
Slide 7: SMEs next steps
SMEs next steps New features in the new app 2.1K service points and 150 companies branches and + middle-market platforms New payment and receivables solutions MEI New digital model and value proposition new businesses & companies app • New onboarding on the app Upgrade of ~500,000 customers to +120%
Slide 8: Payments and cash next steps
payments e cash next steps Global Solutions with more features and increased user base Bradesco Global Solutions new web transactional channel for corporate clients Billing product with more active customers Expansion of the cash specialist team, with New Implementation of new customized increased c
Slide 9: Credit next steps
credit next steps Creation of a new Creation of the Hiring of 250+ Volatility clusters pricing area for all \\\\\\\ Professionals for Credit BU for risk management segments and businesses, pricing, analytics, and Consolidation of portfolio and portfolio and product offerings with new demand models a
Slide 10: Efficiency and operations next steps
effiency and operations next steps Greater specialization/segmentation of operations with service levels tailored to customer profile and segment value propositions (focus on satisfaction) Renegotiation of over Optimization of rental 1,150 supplier contracts contracts and property releases Improveme
Slide 11: Management and culture model next steps
management and culture model next steps of responses in the new 84% survey and recognized progress in all assessed dimensions Enterprise Agility expansion Clearer strategic communication Hiring of data scientists, engineers, Cultural evolution mathematicians, and statisticians across all areas More
Slide 12: Organizational structure next steps
organizational structure next steps Layer reduction and External C-Level and Directors’ hires, span of control increase including for HR, Tech, and Legal increase in customer experience, channels, and New segment: wholesale agribusiness 25% platforms teams Consolidation of new customer Strengthened
Slide 13: GenAI next steps
techbra genAI next steps efficiency gains: Internal platform that scales GenAI usage across business units BRIDGE RendaBRA – multi-agents reducing the modeling cycle by 95% in time More hiring 3X +500 use cases CuradorIA extracts insights from retail customer chats for CX/product teams Personalized
Slide 14: Synergies and innovations next steps
next steps synergies and innovations Cielo providing more banking products and services and handling account openings Cielo Solutions: Bradesco Financiamentos: Consortium with continued growth through bank channels and improved Tap on phone Improvements in policy, distribution via partners, such as
Slide 15: Profitability continues to improve; ROAE exceeds cost of capital
Profitability continues to improve in a gradual and safe way, driven by revenues, and in the last quarter exceeded the cost of capital 4Q25 recurring net income 2025 R$6.5 bn R$24.7 bn 5.0% 20.6% 26.1% 4Q25 vs. 3Q25 (q/q) 4Q25 vs. 4Q24 (y/y) 2025 vs. 2024 ROAE 15.2% 0.5 p.p. (q/q) 2.5 p.p. (y/y
Slide 16: Total revenue R$36.1 bn
total revenue 4Q25 total net interest fee and commission insurance, pension income income plans and R$36.1 bn R$19.2 bn R$11.1 bn capitalization bonds R$5.6 bn 2.9% (q/q) 9.8% (y/y) 13.2% (25/24) 2.9% (q/q) 13.2% (y/y) 14.9% (25/24) 4.6% (q/q) 8.0% (y/y) 8.9% (25/24) 1.0% (q/q) 2.1% (y/y
Slide 17: Expanded loan portfolio R$1,089 bn
expanded loan portfolio credit growth remains balanced and focused on risk-adjusted return Dec25 11.0% (y/y) R$1,089 bn 12M growth – in % 5.3% (q/q) individuals total R$466.5 bn main products performance (%) q/q y/y 12.9 11.9 11.7 \\Individuals 3.3 12.7 11.0 16.2 15.9 9.6 13.8 13.3 12.7 CDC / Veh
Slide 18: Loan quality indicators
loan quality indicators (1) over 90-day non-performing loans - % restructured portfolio 1.5 p.p. 5.4 5.4 % 5.1 5.1 5.1 4.8 4.3 4.0 Dec25 x Dec24 4.4 4.3 4.3 4.1 R$ billions 3.7 4.1 3.3 (10.5)bn 34.8 4.0 4.1 4.1 31.6 30.1 reduction of 3.7 3.8 4.0 5.0 28.3 26.6 problematic 4.8 5.7 6.4 assets 0
Slide 19: Net interest income R$19.2 bn
net interest income client NII client NII net of provision R$19.1 bn R$10.3 bn 4Q25 2.7% (q/q) 18.4% (y/y) 17.4% (25/24) 2.4% (q/q) 18.4% (y/y) 22.6% (25/24) R$19.2 bn % 8.8 9.0 9.0 % 4.4 4.6 4.7 4.8 4.8 2.9% (q/q) 13.2% (y/y) 14.9% (25/24) 8.4 8.6 10.1 10.3 19.1 R$ billions 9.6 18.6 9.
Slide 20: Fee and commission income R$11.1 bn
fee and commission income 4.6% (q/q) R$11.1 bn loan operations 4Q25 8.0% (y/y) R$0.8 bn 2.3% (q/q) 3.8% (y/y) 1.8% (25/24) 8.9% (25/24) card income capital markets / financial advisory services asset management 4.2% (q/q) 60.9% (q/q) R$1.0 bn 1.9% (q/q) 9.9% (y/y) 6.1% (25/24) R$4.8 bn
Slide 21: Operating expenses R$17.0 bn
operating expenses 4Q25 personnel + administrative total operating expenses R$17.0 bn R$13.8 bn 8.5% 7.1% (q/q) 5.6% (y/y) 5.0% (25/24) 2025 x 2024 2.9% (q/q) 3.3% (y/y) 8.5% (25/24) Excluding Elopar and Cielo 7.2% 2.1% (25/24) without the profit-sharing payment adjustments 5.68% 5.0%
Slide 22: Insurance, pension plans and capitalization bonds
insurance, pension plans and capitalization bonds net income revenues from insurance premiums, pension contributions and capitalization bonds 4Q25 10.7% (q/q) R$2.8 bn 10.6% (y/y) 4Q25 2025 R$30 bn R$119 bn 2025 0.2% (q/q) 5.7% (y/y) 2.1% (25/24) R$10.1 bn 11.2 % (25/24) 6.6% excluding VG
Slide 23: Capital & dividends/IOC
capital & dividends/IOC basel ratio dividends/IOC - Gross 13.4 13.2 tier I 0.2 p.p.. (q/q) 12.4 0,8 p.p.. (y/y) 14.5 2.0 2.0 1.9 R$ billions 11.3 11.3 10.2 9.2 10.5 11.4 11.2 common 0.2 p.p.. (q/q) equity 0.7 p.p.. (y/y) Dec24 Dez24 Sept25 Set25 Dec25 Dez25 12M21 2021 12M22 2022 12M23 2023 12M2
Slide 24: 2025 Guidance and 2026 outlook
Profitability grows in a gradual and safe way, step by step, driven by revenues 2025 Guidance Annual Indicator Actual 2026 Expanded Loan Portfolio 4% to 8% 11.0% 8.5% to 10.5% Net interest Income (Net Interest Income – Expanded LLP Expenses) R$37 bn to R$41 bn R$40.1 bn R$42 bn to R$48 bn Fee and Co
Slide 25: I AM BRADESCO
Translation I AM BRADESCO our evolving culture We Stand For People An Empowered Team Results-Driven Together We Evolve We Stand for Customers Challenge Oriented