Earnings call transcript: Bradesco Q3 2025 highlights digital shift

Bradesco (BBDC) held its Q3 2025 earnings call, focusing on strategic investments and digital transformation amid a challenging financial landscape. The company discussed its stable loan market share and strategic shifts towards secured loan lines. However, the earnings call lacked detailed financial metrics, making comprehensive analysis difficult.

Key Takeaways

• Emphasis on digital transformation and personalized customer experiences.
• Stable loan market share at approximately 14%.
• Strategic shift towards secured loan lines and selective market share growth.

Company Performance

Bradesco highlighted its focus on digital transformation and personalized customer experiences as key strategic initiatives. Despite a challenging financial environment, the company’s loan market share remained stable at around 14%. However, there were indications of a decline in demand and saving deposits, which could impact future performance.

Financial Highlights

• Margin finance decrease noted, though specific figures were not disclosed.
• Potential decline in demand and saving deposits mentioned.
• Emphasis on strategic investments and process optimization.

Outlook & Guidance

Bradesco suggested a strategic shift towards more secured loan lines and selective market share growth. The company also emphasized risk management as a priority moving forward.

Executive Commentary

• Marcelo, CEO, highlighted "strategic investment in priority segments."
• An unattributed speaker mentioned the importance of "personalized experiences step by step."
• Marcelo also emphasized a "focus on more secured loan lines."

Risks and Challenges

• Potential decline in demand and saving deposits could affect liquidity.
• Margin finance decrease may impact profitability.
• Market share expansion efforts could face competitive pressures.

Q&A

Analysts raised concerns about deposit demand decline and market share in deposits. Carlos Gomez-Lopez from HSBC questioned the decline in deposit demand and insurance profitability. Tito Labarta from Goldman Sachs explored the strategy for loan market share and profitability improvement approaches.

Overall, Bradesco’s Q3 2025 earnings call highlighted its strategic focus on digital transformation and personalized customer experiences, while addressing potential challenges in demand and market expansion.

Full transcript - BRADESCO PN N1 (BBDC4) Q3 2025:

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The next question comes from Carlos Gomez-Lopez from HSBC. Carlos, good to see you.

Hello Andre, and thank you.

Hi, good to see you.

Thank you for taking my call. I had two questions. The first one is about funding that we haven’t talked about. In particular, we saw a big decline in demand deposits and saving deposits. Is that, in your opinion, related to the reduction in footprint? What do you think your current market share is in those two lines, in demand deposits and in saving deposits? Second, on insurance, you continue to deliver very, very good results. I’m going to ask once more about the sustainability, specifically in health insurance, where your earnings are now twice the level that you had last year. Thank you.

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The next question comes from Tito Labarta from Goldman Sachs. Tito.

Thank you, Andre. Good morning, Marcelo, Cassiano. Thank you for taking my question. My question, you’ve talked a little bit about growth and you’re growing in some segments where you feel more comfort, particularly more than secured lines. In the other segments you’re not growing, but you may increase your risk appetite going forward. Marcelo, if we go back after you became CEO, part of your strategic plan was to potentially increase market share in loans from 14% to maybe 15% to 19%. Since then, your market share is still relatively stable. Just thinking, how important do you think it will be to increase your market share in order to keep improving profitability? Or should the focus be more maybe focus on the segments that are more profitable where your overall market share maybe matters less?

Just how should we think about your ability to gain market share from here and how important that will be for you to improve your profitability going forward? Thank you.

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Thank you, Tito.

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