Banco do Brasil S.A. reports 9M results (Pink Current Info:BDORY)
The state-controlled lender blamed higher loan-loss provisions and weaker agribusiness credit as nine-month profit reached R$8.6 billion.
- 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$22 billion set earlier this year.
- Today, the bank will hold a public investor presentation, offering management their first opportunity to explain these quarterly results and discuss the reduced profit outlook for the remainder of the year.
11 Articles
11 Articles
The Bank of Brazil (BB) recorded an adjusted net profit of R$ 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
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