Marcelo Noronha
Chief Financial Officer
Replay available
Banco Bradesco Sa American Depositary Shares (BBD) Q1 2025 Earnings Call
Banco Bradesco Sa American Depositary Shares (NYSE: BBD) Q1 2025 earnings conference call, held 2025-05-08. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Cassiano Carpelli
Chief Executive Officer
André Carvalho
Head of Investor Relations
Ivan Marques
Chief Executive Officer, Bradesco Insurance Group
Tiago Batista
Analyst, UBS
Daniel Vaz
Analyst, Safra
Mario Pierre
Analyst, Bank of America
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Banco Bradesco Sa.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:01.793 Good 00:00:01.793 -- 00:00:02.874 day, everyone. 00:00:02.874 -- 00:00:05.037 I am Marcelo Noronha, 00:00:05.037 -- 00:00:10.404 and I am here at the headquarters of Banco Bradesco, at Cidade de Deus, 00:00:10.404 -- 00:00:15.950 on a Thursday, May 8, 2025. It is now precisely 00:00:15.950 -- 00:00:17.753 10.31. 00:00:17.753 -- 00:00:23.299 It is a pleasure to be here with you to disclose 00:00:23.299 -- 00:00:25.102 Bradesco 00:00:25.102 -- 00:00:29.427 earnings in the first quarter of 2025. 00:00:29.427 -- 00:00:34.935 So thank you very much for all of you who are joining us. 00:00:34.935 -- 00:00:39.903 So I'll start speaking about our net income. 00:00:39.903 -- 00:00:45.191 You probably all had an opportunity to read the earnings release last 00:00:45.191 -- 00:00:48.296 night. Almost 5.9 billion 00:00:48.296 -- 00:00:53.924 recurring net income, growing more than 39% year-on-year and 00:00:53.924 -- 00:00:56.565 8.6% quarter-on-quarter. 00:00:58.351 -- 00:01:01.635 with this level of ROAE of 14.4%. 00:01:01.635 -- 00:01:04.418 It is obvious 00:01:04.418 -- 00:01:07.622 that this result, the net income, is but a consequence. 00:01:07.622 -- 00:01:12.928 I will speak about the causes. The main one, the main driver 00:01:12.928 -- 00:01:18.835 being our revenue in three different pillars, which I will comment on momentarily, 00:01:18.835 -- 00:01:23.122 and with a very safe portfolio Intensive 00:01:23.122 -- 00:01:28.655 use of technology helping to increase our productivity and of course 00:01:28.655 -- 00:01:33.487 with a strong result from the insurance group. 00:01:33.487 -- 00:01:35.773 So these are 00:01:35.773 -- 00:01:39.121 the pillars of revenue which are also a consequence. 00:01:39.121 -- 00:01:43.930 In a moment, I...