Company: BBD
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001292814-25-003701
Chunk: 2

Company: BANK BRADESCO
Filing Date: 2025-10-30
Form: 6-K
Chunk 2
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% y/y, mainly driven by the increase
in the loan portfolio and the average spread, which improved from 8.8% in 2Q25 to 9.0% in 3Q25, benefiting from higher efficiency in funding.
Market NII was R$99 million in 3Q25, decreasing from the previous quarter, as expected. The expanded loan portfolio grew by 9.6% y/y and
1.6% q/q in Sept25, driven by the MSME and Individual segments. It is worth highlighting the increase in the share of secured credit lines,
which went from 58.5% in Jun25 to 59.5% in Sept25. In terms of MSME, products such as receivables discounting and working capital loans
(FGI and FGO - government-backed guarantee funds) stand out, and for Individuals, in payroll-deductible loans, rural loans, and high-income
credit card lines. In September 2025, the delinquency ratio (over 90 days NPL) remained stable at 4.1%. Delinquency in MSME posted an
improvement of 0.6 p.p. q/q, reflecting the quality of recent vintages, while Individuals loan indicator was impacted by the higher level
of delays in John Deere Bank operations, which are collateralized and subject to a distinct recovery timeline. The cost of credit increased
slightly, from 3.2% in 2Q25 to 3.3% in 3Q25, reflecting an increase of provisions for specific wholesale cases and John Deere Bank. We
highlight the decrease of R$1.8 billion in the restructured portfolio against the previous quarter and of R$8.2 billion in the annual
comparison. The quality of our credit portfolio showed improvement, being that stage 1 loan participation rose 30 bps while stage 3 fell
20 bps, resulting from better originations and the sequential cleanup of problematic assets. Fee and commission income increased by 2.8%
q/q and 6.9% y/y. The positive standouts over the quarter included fees from consortia, cards, loan operations and asset management. Once
again, the operational performance of insurance activities was significant, with income from insurance operations reaching of R$5.7 billion
(1.0% q/q and 13.0% y/y) and net income of R$2.5 billion (