Banco Do Brasil Sa S/Adr (BDORY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and thank you for joining us in another live streaming session on the results of Banco do Brasil. Our event will be in Portuguese with simultaneous translation into English. You can choose three audio options, original English or Portuguese. And to talk about the members of this second quarter, we have here with us our CEO, Tarciana Medeiros, our CFO, Giovanni Tobias, and our CRO, Felipe Prince. Now, to start the presentation, I would like to turn the floor to our CEO, Tarciana. Good morning. Good morning, everyone. Good morning to everyone who is joining us today for this live streaming on Brazil's results. This is the 10th one that we have together, but this one is quite special. It will be a bit different than all the previous ones because I think this moment requires a more straightforward conversation. So my presentation will be an executive presentation and shorter so that we have more time to talk and we can allow more time for the Q&A session. I would like to thank very much to all of the market analysts that are joining us today. Thank our shareholders, our clients, and all of our colleagues from the bank who built the results, and also our clients. And also, I would like to thank the members of the press for joining us today as well. So today, we will try to be very transparent as it has been a hallmark of our administration. We will talk about the results and what to expect for the rest of 2025 and the years ahead. I think you are very eager for this conversation. So with no further ado, let's look at the numbers. This first quarter, we had an adjusted net income of 11.2 million BRLs, a variation in the second quarter of 3.8 billion or minus 48% vis-à-vis the first quarter. Our cost of credit was up by 56% vis-à-vis the first quarte...