Brazil · Markets · Earnings
Published Thursday, 22 October, 5:34 pm ET · Source: Bradesco third-quarter results
Key Facts
—The number. Recurring profit was R$7.1 billion (about US$1.4 billion) in the third quarter.
—What changed. Profit rose 0.8% from the second quarter and 14.6% from a year earlier.
Brazil Election Data Room
Runoff poll average: Flávio Bolsonaro 51.0%, Lula 49.0%
35 national polls from 20 pollsters since 4 October, updated hourly. Every poll, free to download.
—Market expectation. Analysts expected a profit of about R$7.1 billion, so the result was in line.
—The risk. Loans overdue by more than 90 days rose to 4.6% of the loan book from 4.3%.
—Capital. Bradesco added about R$10 billion (US$2 billion) of new shares to its capital.
Prediction markets · who wins the runoff
Implied chance of winning Brazil’s presidency on 25 October, from traders’ prices.
Polymarket
Flávio Bolsonaro 77.6% · Lula 22.5% (US$192 million traded)
Kalshi (regulated in the US by the CFTC)
Flávio Bolsonaro 79% · Lula 22%
As of 22 October, 5:40 pm ET (22:40 Lisbon), updated every 20 minutes. Prices are bets, not polls, and can move fast.
Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.
Bradesco, one of Brazil’s largest private banks, earned R$7.1 billion (about US$1.4 billion) in the third quarter of 2026, matching analyst forecasts. The bank published the results on the evening of Thursday, 22 October, and said tight cost control offset slower income from lending.
The result shows how high interest rates are squeezing credit in Brazil’s economy. Profit grew, but more customers fell behind on payments, and the bank set aside more money for bad loans.
The Numbers Behind the Profit
- Profit: R$7.1 billion (US$1.4 billion), up 0.8% from the second quarter and 14.6% from about R$6.2 billion (US$1.2 billion) a year earlier.
- Loan book: R$1.15 trillion (US$228 billion), up about 1% in three months and 11% in a year.
- Bad loans: 4.6% of loans were more than 90 days overdue, against 4.3% in June and 4.1% a year ago.
- Provisions: The bank set aside R$10.6 billion (US$2.1 billion) for expected losses, up 6.6% in three months and 24.3% in a year.
- Profitability: Return on average equity, a measure of profit relative to shareholder capital, was 15.6%. Before the new capital, it was 16.1%.
All amounts in US$ use the EODHD rate of 5.05 reais per dollar on 22 October. The 90-day overdue rate is the standard gauge of how many borrowers have stopped paying.
Why Rising Bad Loans Matter
Provisions grew much faster than profit, which is the main caution in the report. A bank that sets aside more for losses is telling investors it expects more borrowers to struggle.
Chief executive Marcelo Noronha told reporters, as Folha de S.Paulo reported: “The credit market is more restricted. Interest rates remain high and the economy is slowing. It is a challenging scenario for everyone.” He said the bank focused on loans backed by collateral and on customers with strong credit records.
In Plain English
Recurring profit: profit after removing one-off items, the figure analysts track.
Provisions: money a bank sets aside today for loans it expects to lose.
Overdue 90 days: loans where the borrower has not paid for three months.
How Bradesco Held Up
The bank said slower credit income was offset by income that does not depend on lending, such as fees for managing money, capital-markets work and group purchase plans called consórcios. It also kept a close hold on spending.
Bradesco raised about R$10 billion (US$2 billion) from new shares, following the capital raise announced in July. The bank said the money will support technology, sales efficiency and growth. See also Bradesco’s customer-complaint ranking and Bradesco’s company profile.
What It Means for US Readers
Bradesco’s shares trade in New York as the ADR BBD, so US investors hold this risk directly. In line profit with rising overdue loans gives investors both a steady earnings base and a reason to watch credit quality in Brazil’s stock market.
The report also reads as a gauge of Brazil’s households and companies. A slowing economy and costly credit usually show up first in bank provisions, which makes this line a useful early signal for the rest of the sector.
What Is Not Known
- Share reaction: The results came out after the Brazilian market closed, so the first full trading reaction is likely on Friday.
- Peak for bad loans: It is not yet clear whether the overdue rate has peaked.
- Next date: Brazil votes in the presidential runoff on Sunday, 25 October, which can move the real and bank shares.
Background: Brazil Election Polls: Flávio 51%, Lula 49%.
Background: Brazil Tax Reform 2026 Replaces Five Taxes With Two VATs.
Sources
Bradesco, third-quarter 2026 results · Folha de S.Paulo, 22 October 2026 · InfoMoney, 22 October 2026 · EODHD, USD/BRL rate of 22 October 2026
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
LatAm Markets: Live Signals → — real-time movers, turnover leaders and FX across Latin America.
Free · Any country in the world · Prediction markets
Want prediction market reports on your country?
Pick any country in the world. Your report arrives the moment you confirm, then every Sunday: what the markets say about elections, currencies and policy there, with volumes and plain-English explanations.
Frequently Asked Questions
How much profit did Bradesco make in the third quarter of 2026?
Bradesco reported recurring profit of R$7.1 billion (about US$1.4 billion). That is 0.8% more than in the second quarter and 14.6% more than a year earlier.
Did Bradesco meet analyst expectations?
Yes. Analysts expected a profit of about R$7.1 billion, so the result was in line.
Why are Bradesco’s bad loans rising?
Loans overdue by more than 90 days reached 4.6% from 4.3% in June. The chief executive pointed to high interest rates and a slowing economy.
Is Bradesco listed in the United States?
Yes. Its American depositary receipts trade on the New York Stock Exchange under the ticker BBD.