Banco do Brasil S.A. reports 9M results (Pink Current Info:BDORY)
- The state-controlled Banco do Brasil, a bank in Brazil, reported that third-quarter profit fell 66.5% to R$1.3 billion , reflecting a significant downturn in earnings compared to previous periods.
- Agribusiness risks prompted the bank to increase loan-loss provisions to R$21.2 billion . This 18.4% increase from a year earlier reflects the lender managing worsening agricultural credit quality.
- Total loan book volume shrank 0.5% in the quarter to R$1.3 trillion . Meanwhile, running costs at the bank grew 4.8% to R$10.3 billion during the same period.
- Lowering its 2026 profit guidance, the bank now expects R$9 billion to R$11 billion , down from the previous range of R$18 billion to R$22 billion set earlier this year.
- Today, the bank will hold a public investor presentation, offering management their first opportunity to explain these quarterly results and discuss the reduced profit outlook for the remainder of the year.
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The Bank of Brazil (BB) recorded an adjusted net profit of R$ 1,270 billion in the third quarter of 2026, a significant decrease of 67.5% in the quarter and 66.5% in one year. The gain was well below the projection of analysts, of R$ 3.161 billion. The accounting profit reached R$ 1.216 billion, with a decrease of 61.7% in the quarter and 59.9% in one year. The gross financial margin was R$ 25.982 billion, a decrease of 5.5% and 1.5% in the quar…
Banco do Brasil, a retail public bank with commercial credit, agribusiness and financial services operations, reduced the profit projection to 2026 and reported adjusted net profit (excluding extraordinary events of the quarter) of R$ 1.3 billion in
The Banco do Brasil (BB) closed the third quarter of 2026 with adjusted net profit of R$ 1.27 billion, drop of 66.5% in...
In the relevant fact, the bank stated that the decision has a prudential and temporary character
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