Banco Bradesco (B3: BBDC3, BBDC4; NYSE: BBD, BBDO; e Latibex: XBBDC) announces today its results for the first quarter of 2018 (1Q18). Please refer to the information below.
The main figures reported by Bradesco are as follows:
Variation%
(unless other wise
stated)
R$ million (unless 1Q18 4Q17 1Q17 1Q18 x 1Q18 x
otherwise stated) 4Q17 1Q17
Result
Recurring Net Income (1) 5102 4,862 4,648 4.9 9.8
Net Interest Income 15,686 15,813 16,036 (0.8) (2.2)
Expanded ALL (2) (3,892) (5,405) (5,282) (28.0) (26.3)
Fee and Commission
Income 7,831 8,062 7,430 (2.9) 5.4
Insurance Written
Premiums, Pension Plan
Contributions and
Capitalization Bond
Income 17,570 21,192 17,948 (17.1) (2.1)
Statement of Financial
Position
Total Assets (3) 1,303,842 1,298,328 1,294,139 0.4 0.7
Expanded Loan
Portfolio (4) 486,645 492,931 502,714 (1.3) (3.2)
- Individuals 177,814 175,469 171,820 1.3 3.5
- Companies 308,831 317,462 330,894 (2.7) (6.7)
Shareholders' Equity 113,776 110,457 104,558 3.0 8.8
Assets under
Management 2,003,948 1,987,487 1,943,687 0.8 3.1
Highlights
Annualized Return on
Average Equity (ROAE)
- % (5) 18.6 18.0 18.3 0.6 0.3
p.p. p.p.
Efficiency Ratio (ER)
- % (6) 40.9 40.8 40.0 0.1 0.9
p.p. p.p.
Recurring Net Income per
Share - R$ (6) (7) 2.91 2.84 2.64 2.5 10.2
Market
Capitalization (8) 237,219 200,521 178,208 18.3 33.1
Interest on
Shareholders'Equity
- Net 1,519 2,216 1,568 (31.5) (3.1)
Delinquency Ratio
(> 90 days (9) /
Loan Portfolio) - % 4.4 4.7 5.6 (0.3) (1.2)
p.p. p.p.
Tier I Capital - % (10) 12.4 13.1 12.0 (0.7) 0.4
p.p. p.p. ---
(1) According to the non-recurring events described on page 5 of this Economic and Financial Analysis Report;
(2) Includes provision for sureties, guarantees, income from credit recoveries, discounts granted, result with BNDU (assets not for own use) and impairment of financial assets;
(3) F
