Banco do Brasil disclosed a 45.4% drop in adjusted net profit for 2025, totaling R$ 20.7 billion, affected by new accounting rules and rising default rates. In the fourth quarter, profit reached R$ 5.7 billion, down about 45% to 47% year-over-year. The bank forecasts recovery in 2026, with profit between R$ 22 billion and R$ 26 billion.
Banco do Brasil announced on February 11, 2026, its 2025 results, showing a 45.4% drop in adjusted net profit to R$ 20.7 billion. The decline was mainly due to new rules from the Conselho Monetário Nacional (CMN), effective since January 2024, which changed the accounting for expected loss provisions, leading to R$ 1 billion less in recognized credit revenues. Additionally, the default rate over 90 days rose from 3.16% in December 2024 to 5.17% at the end of 2025, driven by agribusiness (6.09%) and credit cards.
In the fourth quarter of 2025, profit totaled R$ 5.7 billion, down 47.2% from the same period in 2024 according to Metropoles, or 40% as per Folha de S.Paulo. Compared to the third quarter of 2025, it rose 51.7%. Provisions for doubtful debtors (PDD) reached R$ 61.95 billion for the year, up 73.5%, with R$ 32.35 billion linked to agribusiness.
Despite the challenges, the expanded credit portfolio grew 2.5% over 12 months, ending at R$ 1.2 trillion (Metropoles) or R$ 1.3 trillion (Folha), driven by credit cards (up 19.6%) and payroll loans. Service revenues fell 1.9% to R$ 34.8 billion, while administrative expenses rose 5.1% to the same amount, due to salary adjustments and investments in technology.
President Tarciana Medeiros stated: "We managed to adapt to the scenario with transparency and great dedication from our employees so that we have a 2026 with a return to profitability levels the size of BB." Analyst Fernando Siqueira from Eleven Financial noted the worsening in agricultural credit but stability in provisions in the last quarter.
For 2026, the bank forecasts credit portfolio expansion of 0.5% to 4.5%, with loan costs between R$ 53 billion and R$ 58 billion, and service revenue growth of 2% to 6%. It also announced R$ 1.23 billion distribution in interest on equity (JCP).
