Banco do Brasil posted adjusted net income of R$3.4 billion in Q1 2026, down 53.5% from R$7.4 billion in the same period of 2025, according to results released by the state-owned bank on Wednesday (13). The result was 17% below market expectations of R$4.1 billion, per BTG Pactual consensus. ✓
Press quotes (2)
"O Banco do Brasil teve lucro líquido ajustado de R$ 3,4 bilhões no 1º trimestre de 2026. O resultado representa uma queda de 53,5% em relação ao mesmo período de 2025, quando o banco lucrou R$ 7,4 bilhões."
"O número ficou 17% abaixo do esperado pelo consenso de mercado reunido pelo BTG Pactual. A estimativa era de um lucro de 4,1 bilhões de reais para o período."
The main pressure factor was credit costs, which totaled R$18.9 billion — an increase of 85.8% compared to Q1 2025, according to Poder360. Non-performing loans above 90 days rose to 5.05% from 3.63% in the same period last year, forcing the bank to substantially increase provisions for doubtful debtors. ✓
Press quotes (2)
"O principal fator de pressão no resultado foi o custo do crédito, que somou R$ 18,9 bilhões. A cifra representa alta de 85,8% em relação ao 1º trimestre de 2025"
"A inadimplência na carteira de crédito do Banco do Brasil subiu de 3,63% no primeiro trimestre de 2025 para 5,05% no primeiro trimestre de 2026."
BB's gross financial margin totaled R$27.4 billion, up 14.8% in 12 months, driven by financial revenues and retail credit operations. The expanded credit portfolio reached R$1.3 trillion in March, growth of 2.2% year-over-year.
Press quotes (2)
"O banco apurou lucro líquido recorrente gerencial de R$ 12,3 bilhões, alta de 10,4% na comparação com o mesmo trimestre do ano passado"
"O banco apresentou lucro líquido recorrente de R$ 6,8 bilhões no período, com alta de 16,1% na comparação com o mesmo período do ano passado"
Covered by only some sources, or where the accounts diverge.
-
How does BB's differentiated business mix (rural credit, housing, state mandate) explain performance divergence from private competitors?
Why it's still unknown: Attempt to obtain BB's ITR filing from CVM failed: document requires direct access to open data portal
-
What is the sectoral breakdown of non-performing loans (agribusiness vs retail vs corporate)?
Why it's still unknown: Reports do not detail specific sectoral origins of increased delinquency
-
What concrete measures beyond legal action are being implemented to contain delinquency?
Why it's still unknown: CEO mentions review of guarantees and collections, but without timeline or quantitative targets
Did not cover: Poder360