Bradesco reported its tenth consecutive quarter of rising net income during Q2 2026 as its transformation strategy expands digital adoption, improves operating efficiency and diversifies revenue across lending, insurance and capital-markets businesses.
Recurring net income reached approximately R$7.1 billion, increasing 3.5% sequentially and 16.2% year-over-year. Total revenue increased 10.3% year-over-year to R$37.6 billion.
At the same time, Bradesco’s fully digital customer base has surpassed 30 million clients. The bank said those customers are helping increase efficiency in digital sales as it continues adjusting its physical footprint.
The broader transformation includes expanded competitiveness in M&A, debt capital markets, energy trading, structured products for corporate clients and auto financing. Bradesco has also introduced new investment and cash-management capabilities for small and midsized business customers while expanding its high-income operation.
Net interest income increased 15.7% year-over-year to R$20.9 billion. Client NII rose 13.8%, while market NII more than doubled to R$673 million as the bank benefited from opportunities in client derivatives and structured products.
Insurance also remained a major earnings contributor. Income from insurance, pension plans and capitalization bonds increased 8.3% to R$6.1 billion, while Insurance Group recurring net income increased 28.3% to R$2.9 billion.
Bradesco’s operating efficiency ratio improved 340 basis points year-over-year to 46.5%. Personnel and administrative costs remained controlled despite continued technology investment, and management said those expenses grew below inflation when profit-sharing costs are excluded.
Credit growth remains focused on secured and collateralized lending. The over-90-day delinquency ratio was 4.3%, up 20 basis points year-over-year, while Stage 3 coverage exceeded 100% during the first half.
Bradesco allocated R$4 billion in interest on capital during Q2 while maintaining capital ratios above regulatory requirements and internal targets. The bank has also reached 92.5% of its goal to allocate R$450 billion to sectors and activities with social and environmental benefits by the end of 2026.
