$BBD

BANK BRADESCO

CIK:0001160330|SEC Filings

Consolidated Statements of Income - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
Interest and similar income	R$ 267,113,345	R$ 211,733,717	R$ 211,458,474
Interest and similar expenses	(193,843,753)	(144,279,153)	(156,376,055)
Net interest income	73,269,592	67,454,564	55,082,419
Fee and commission income	31,073,646	28,336,487	26,956,763
Net gains/(losses) on financial assets and liabilities measured at fair value through profit or loss	3,165,516	(2,249,836)	10,895,796
Net gains/(losses) on financial assets measured at fair value through other comprehensive income	(99,338)	1,031,353	1,841,022
Net gains/(losses) on foreign currency transactions	3,583	2,704,502	262,501
Insurance services result	11,331,343	8,942,260	5,235,711
- Insurance and pension income	61,111,265	57,340,928	51,252,827
- Insurance and pension expenses	(49,779,922)	(48,398,668)	(46,017,116)
Operating income	14,401,104	10,428,279	18,235,030
Expected credit losses on loans and advances	(28,677,857)	(26,636,777)	(30,176,989)
Expected credit losses on other financial assets	(930,103)	(889,156)	(1,940,035)
Personnel expenses	(24,442,062)	(22,277,310)	(20,814,458)
Other administrative expenses	(16,072,374)	(16,582,966)	(16,286,260)
Depreciation and amortization	(7,063,267)	(6,371,096)	(6,025,244)
Other operating income/(expenses)	(22,696,722)	(18,093,096)	(16,924,556)
Operating expenses	(99,882,385)	(90,850,401)	(92,167,542)
Income before income taxes and share of profit of associates and joint ventures	18,861,957	15,368,929	8,106,670
Share of profit of associates and joint ventures	2,162,627	1,531,585	2,101,681
Income before income taxes	21,024,584	16,900,514	10,208,351
Income tax benefit/(expense)	2,900,052	641,639	4,294,414
Net income	23,924,636	17,542,153	14,502,765
Attributable to shareholders:
Shareholders of the parent	23,672,706	17,252,900	14,251,329
Non-controlling interests	251,930	289,253	251,436
Net income	R$ 23,924,636	R$ 17,542,153	R$ 14,502,765
Ordinary shares [member]
Basic and diluted earnings per share based on the weighted average number of shares outstanding (expressed in R$ per share):
– Earnings per preferred share (non-subordinated)	R$ 2.13	R$ 1.55	R$ 1.27
Preference shares [member]
Basic and diluted earnings per share based on the weighted average number of shares outstanding (expressed in R$ per share):
– Earnings per preferred share (non-subordinated)	R$ 2.35	R$ 1.71	R$ 1.41

Consolidated Statements of Cash Flows - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Operating activities
Income before income taxes	R$ 21,024,584	R$ 16,900,515	R$ 10,208,351
Adjustments to reconcile income before income tax to net cash flow from operating activities:
Expected credit losses on loans and advances	28,677,857	26,636,776	30,176,989
Change in insurance contract liabilities	38,744,724	36,983,145	42,456,177
Net (gains)/losses on financial assets measured at fair value through other comprehensive income	99,338	(1,031,353)	(1,841,022)
Expenses with provisions and provisions and legal proceedings	8,651,252	5,962,311	6,339,505
Impairment of financial assets	930,103	889,156	1,940,035
Depreciation	2,445,475	2,624,029	2,626,085
Amortization of intangible assets	4,617,792	4,110,451	3,894,031
Share of profit of associates and joint ventures	(2,162,627)	(1,531,585)	(2,101,681)
(Gains)/losses on disposal of non-current assets held for sale and discontinued operations	(183,210)	4,610	(69,294)
(Gains)/Losses from disposal of property and equipment	128,824	(206,129)	(139,024)
(Gains)/Losses on the sale of investments in associates	(75,760)	9,572	14,350
Effect of changes in foreign exchange rates on cash and cash equivalents	88,334	305,225	(239,325)
(Increase) in assets	(477,695,664)	(243,462,720)	(280,034,814)
Compulsory deposits with the Central Bank	(1,593,070)	(269,843)	(15,544,506)
Loans and advances to financial institutions	(42,394,365)	34,811,727	(35,005,630)
Loans and advances to customers	(222,988,685)	(222,987,244)	(111,830,757)
Financial assets measured at fair value through profit or loss	(179,396,550)	10,561,049	(85,699,349)
Other assets	(31,322,994)	(65,578,409)	(31,954,572)
Increase in Liabilities	305,928,405	187,376,170	180,319,296
Deposits from banks	115,125,195	75,764,307	79,263,662
Deposits from customers	133,119,132	65,790,467	82,532,445
Financial liabilities measured at fair value through profit or loss	2,027,719	698,391	2,200,896
Insurance contract liabilities	2,177,932	(2,982,547)	(2,419,920)
Other provisions	(8,121,825)	(8,266,381)	(6,649,634)
Other liabilities	61,600,252	56,371,933	25,391,847
Cash generated by/(used in) operations	(68,780,573)	35,570,173	(6,450,341)
Interest received	119,910,827	102,544,122	102,617,786
Interest paid	(106,027,455)	(80,755,464)	(88,961,324)
Income tax and social contribution paid	(7,636,799)	(7,130,346)	(7,383,749)
Net cash provided by/(used in) operating activities	(62,534,000)	50,228,485	(177,628)
Investing activities
(Acquisitions) of subsidiaries, net of cash and cash equivalents		(211,140)	(84,767)
(Acquisition) of financial assets measured at fair value through other comprehensive income	(106,441,298)	(82,179,390)	(61,444,346)
Disposal of financial assets measured at fair value through other comprehensive income	114,540,219	59,625,006	112,549,913
Maturity of financial assets at amortized cost	118,844,153	73,546,725	41,071,327
(Acquisition) of financial assets at amortized cost	(106,760,956)	(75,033,463)	(47,841,394)
Disposal of non-current assets held for sale and discontinued operations	1,120,065	614,125	640,484
(Acquisitions) of investments in associates	(2,889,926)	(1,160,720)	(14,333)
Disposal of investments in associates	65,458
Dividends and interest on equity received	401,192	479,427	978,932
(Acquisition) of property and equipment	(5,022,225)	(2,296,075)	(1,953,063)
Proceeds from sale of property and equipment	1,135,547	590,570	1,350,060
(Acquisition) of intangible assets	(6,608,243)	(5,752,383)	(7,187,567)
Interest received on financial assets at FVTPL and amortized cost	51,446,230	26,763,769	45,540,986
Net cash provided by / (used in) investing activities	59,830,216	(5,013,549)	83,606,232
Financing activities
Funds from securities issued	156,468,949	54,734,757	105,259,934
Payments on securities issued	(110,395,146)	(56,728,025)	(87,026,367)
Funds from subordinated debt issued	8,059,200	9,000,300	1,129,800
Payments on subordinated debt	(12,484,908)	(5,313,269)	(3,569,094)
Lease payments	(1,538,211)	(1,403,269)	(1,665,781)
Non-controlling shareholders	(251,292)	(439,572)	(44,182)
Interest paid on financing liabilities	(39,516,788)	(16,416,686)	(28,219,163)
Interest on equity/dividends paid	(11,834,032)	(6,541,998)	(8,927,917)
Acquisition of treasury shares	(222,621)	(568,728)
Net cash provided by/(used in) financing activities	(11,714,849)	(23,676,490)	(23,062,770)
(Decrease)/increase in cash and cash equivalents	(14,418,633)	21,538,446	60,365,834
Cash and cash equivalents
At the beginning of the period	208,023,801	186,790,580	126,185,421
Effect of changes in foreign exchange rates on cash and cash equivalents	(88,334)	(305,225)	239,325
At period end	193,516,834	208,023,801	186,790,580
Increase in cash and cash equivalents	R$ (14,418,633)	R$ 21,538,446	R$ 60,365,834

Consolidated Statements of Financial Position - BRL (R$) R$ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Assets
Cash and balances with banks	R$ 137,031,197	R$ 146,614,670
Financial assets measured at fair value through profit or loss	547,789,769	371,883,348
Financial assets measured at fair value through other comprehensive income	138,998,105	156,292,584
Financial assets at amortized cost	1,312,915,509	1,216,802,612
- Loans and advances to financial institutions, net of provision for expected credit losses	235,485,054	196,233,298
- Loans and advances to customers, net of provision for expected credit losses	744,457,062	672,382,105
- Securities, net of provision for expected credit losses	259,546,571	266,991,967
- Other financial assets	73,426,822	81,195,242
Non-current assets held for sale and discontinued operations	3,757,502	3,494,950
Investments in associates and joint ventures	13,283,440	11,029,012
Property and equipment	9,405,491	10,220,444
Intangible assets and goodwill	25,739,659	23,749,208
Current income and other tax assets	12,884,446	11,764,176
Deferred income tax assets	111,237,606	101,808,543
Other assets	17,284,492	15,824,815
Total assets	2,330,327,216	2,069,484,362
Financial liabilities at amortized cost
- Deposits from banks	427,099,494	361,818,310
- Deposits from customers	721,274,151	644,338,463
- Securities issued	306,260,682	257,977,344
- Subordinated debt	54,714,526	57,458,927
- Other financial liabilities	117,391,205	101,086,011
Financial liabilities measured at fair value through profit or loss	18,268,330	16,240,611
Other financial instruments with credit risk exposure
- Loan Commitments	1,815,386	2,447,791
- Financial guarantees	1,266,804	1,257,645
Insurance contract liabilities	419,715,476	378,792,820
Other provisions	20,563,201	20,033,774
Current income tax liabilities	2,003,486	2,043,616
Deferred income tax liabilities	1,895,931	1,664,666
Other liabilities	59,109,914	55,381,892
Total liabilities	2,151,378,586	1,900,541,870
Equity
Capital	87,100,000	87,100,000
Treasury shares	(168,625)	(568,728)
Capital reserves	35,973	35,973
Profit reserves	90,644,101	84,532,203
Additional paid-in capital	70,496	70,496
Accumulated other comprehensive income/(loss)	804,043	(250,645)
Retained (losses)	(70,835)	(2,509,646)
Equity attributable to shareholders of the parent	178,415,153	168,409,653
Non-controlling interests	533,477	532,839
Total equity	178,948,630	168,942,492
Total equity and liabilities	R$ 2,330,327,216	R$ 2,069,484,362