By Brazil Stock Guide – Banco Bradesco SA (B3: BBDC3, BBDC4) said first-quarter profit rose 16.1% from a year earlier to 6.81 billion reais, marking the ninth consecutive quarter of earnings growth as return on equity reached 15.8%.
Chief Executive Officer Marcelo Noronha said the bank continued to deliver gradual earnings growth while navigating a more difficult macroeconomic backdrop.
“We delivered what we promised, another gradual increase in our profit. More important than a big step is the sustainability of our results. Even in a challenging macro scenario, we managed risks well and evolved. We will keep moving forward, step by step,” Noronha said.
Net income also advanced 4.5% compared with the fourth quarter of 2025, according to the company. Noronha said the year began at a faster pace for Bradesco, supported by stronger revenue performance and disciplined balance-sheet management.
“The year started at an accelerated pace for Bradesco, and the good performance of our revenues is proof of that. We moved forward with caution. The macro scenario worsened, we saw war, and even so we managed risks well, preserved the quality of our assets, strengthened our balance sheet, took advantage of opportunities that emerged and increased our profitability,” he said.
The CEO said Bradesco is improving productivity while expanding revenue across different business lines. He pointed to investments in technology, people and the bank’s broader transformation agenda as drivers of efficiency.
“We are gaining productivity and increasing revenues in a diversified way. Today, we do more with less. We are investing heavily in technology, in people, in our transformation. This agenda is here to stay and the trend is for our productivity to continue to evolve,” Noronha said.
Bradesco also highlighted the creation of Bradsaúde, which Noronha described as a historic step for the organization and a way to unlock value in health care.
“We are unlocking value at Bradesco. Bradsaúde was born, it is real, a historic step for the Organization. Its potential in health is incredible, and there are also resulting benefits for the Organization,” he said.
Noronha said Bradesco remains ahead of its transformation schedule and is controlling operating expenses. Personnel and administrative costs grew below inflation when excluding profit-sharing expenses, he said.
“We remain one step ahead of our transformation schedule. We started the year at an accelerated pace. We are optimistic, but cautious. We controlled operating expenses. Personnel and administrative expenses grew below inflation if we exclude profit sharing. We gained efficiency. Technology is everywhere in the Organization, we use technology at scale. It is a business lever, what we call AI Powered. We will not give up investments,” he said.
The CEO added that customer upgrades and improved service experience remain central to the bank’s strategy.
“This is a super important year for our transformation. More clients are receiving upgrades, their experience is improving. We are on the right path. The team is engaged,” Noronha said.
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