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Banco do Brasil posts R$3.4bn Q1 profit, down 54% due to agricultural crisis

2 sources · 14 May 2026
1 agreed · 1 partial · 1 conflicts

The crisis began after the 2024 soy harvest collapse, which followed record 2023 production. This scenario triggered increased judicial recoveries among rural producers throughout 2024 and 2025. To mitigate impacts, BB launched the BB Regulariza Dívidas Agro program, renegotiating R$37.9 billion across more than 73,000 operations with about 25,500 rural producers.

Press quotes (2)
Exame

"O Banco do Brasil encerrou o primeiro trimestre de 2026 com lucro líquido consolidado de R$ 3,1 bilhões. A cifra representa uma queda de 54,4% sobre os R$ 6,8 bilhões apurados no mesmo período de 2025."

Bloomberg Línea

"O banco estatal é líder no crédito ao agronegócio e tem um terço de sua carteira destinada ao setor"

1. What we know (1)

BB's adjusted net income in Q1 was R$3.4 billion with decline over 50%

4 sources Bloomberg Línea Carta Capital Infomoney Exame
2. Where coverage thins out (2)

Covered by only some sources, or where the accounts diverge.

Covered by only some sources (1)

BB renegotiated R$37.9 billion through BB Regulariza Dívidas Agro program

Reported by: Carta Capital
Did not cover: Bloomberg Línea

Conflicting versions (1)

Exact value of consolidated vs. adjusted net income

1 source — "Consolidated net income was R$3.1 billion": Exame
3 sources — "Adjusted net income was R$3.4-3.43 billion": Bloomberg Línea Carta Capital Infomoney
3. What we don't know yet (3)
  • What were the previous guidance revisions before this third adjustment?

    Why it's still unknown: Bloomberg Línea mentions this is the 'third revision since the crisis began' but doesn't detail previous revisions

    Did not cover: Carta Capital
  • How does BB's agribusiness exposure compare with other public and private banks?

    Why it's still unknown: Attempt to obtain BCB data on portfolios by sector failed: retrieval required

  • Which specific macroeconomic indicators and geopolitical context does the bank consider in the revision?

    Why it's still unknown: The bank cites 'geopolitical uncertainties' and 'macroeconomic indicators' as revision factors but doesn't specify which ones

    Did not cover: Carta Capital

All sources

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