Bradesco's Q3 profit lands in line with forecasts as credit income slows

what happened

Banco Bradesco reported on Thursday that its recurring net profit for the July–September quarter climbed 14.6% year on year to 7.11 billion reais, or about $1.41 billion. That was slightly below the 7.14 billion reais analysts polled by LSEG had expected, so the result roughly matched consensus. Reuters noted that the lender kicked off earnings season for large Brazilian banks, with slower growth in credit-linked revenue largely offset by non-credit income and tight cost control.

Chief executive Marcelo Noronha said the bank kept a cautious stance and a moderate appetite for risk amid a difficult macro picture in Brazil. Return on average equity rose to 15.6% from 14.7%, or 16.1% excluding a recent 10 billion-real capital increase. The loan portfolio expanded 11.1% to 1.15 trillion reais, while the share of loans overdue more than 90 days inched up to 4.6% from 4.1%. Provisions for losses on loans hit 10.6 billion reais, up 24.3% from a year earlier.

Bradesco left its 2026 guidance unchanged and renewed its buyback, with the new program starting in November and covering up to 106.6 million shares.

why it matters

For investors, the quarter shows the bank leaning on fee income and cost control while credit quality slips gradually. Rising provisions and a higher overdue ratio are the figures to watch in coming quarters, while the unchanged 2026 outlook means earlier targets still stand.

market impact

Bradesco and Brazilian banks: results in line with forecasts, but higher provisions pressure credit quality outlook

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