Banco Bradesco Sa American Depositary Shares (BBD) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. I am Marcelo Noronha. I'm here live from Cidade de Deus, the headquarters of Bradesco, for this early release presentation related to the fourth quarter of 2025. And why not say that the full year of 2025, today is February 6th, and my watch shows 10.31 a.m. I've started This presentation saying that all of this material has been released last night after the market closing, and I think you had access to it. And I start with our recurring net income, 6.5 billion barrels, growing 26% year on year. and 24.7 billion for the full year, 26.1% growth. And, however, with an ROE of 15.2%, exceeding our cost of capital for the first time in this quarter. And that's why we say that we will continue to grow our ROE equal as the coming quarters and years to come. Here I have all of the operating highlights. I'm not going to go over each one of them because I will change a little bit today's presentation and I would like to bring you some element related to our transformation plan that in fact was published February 7th of 2024, so less than two years ago. It will be two years as of tomorrow, so that's when we released the plan. And I would just like to remind you of what we did back then. So we started with a diagnosis about Bradesco, about the Brazilian market and also we drew up a worldwide benchmark with all of the relevant aspects like technology. Out of that diagnosis, we drew up a plan knowing all of our strengths. The plan has, the bank has several strengths and the organization as a whole for that matter. Back then we said that we had 70 million clients. We also said that we were leaders in SMEs, SMEs understood as a segment defined by the central bank because every bank has its own format. These are companies that grows up to 300 million a year. ...