Banco do Brasil (BBAS3) investor relations material

Executive summary

• Adjusted net income for 2Q26 was R$3.9 billion, up 13.9% quarter-over-quarter and 3.3% year-over-year, driven by higher net interest income and treasury results.

• Strategic focus on disciplined credit management, digital transformation, and high-value customer expansion, with 4.3% progress toward a 2030 target.

• Consolidated net income for 1H26 was R$6.26 billion, down from R$9.81 billion in 1H25, reflecting higher credit risk provisions and lower financial intermediation results.

• Total assets reached R$2.58 trillion as of June 30, 2026, up from R$2.45 trillion at year-end 2025.

Financial highlights

• Net interest income reached R$27.5 billion in 2Q26, up 0.2% sequentially and 12.1% year-over-year for 1H26.

• Fee income totaled R$9.1 billion in 2Q26, up 4.2% year-over-year and 3.4% sequentially; 1H26 fee income grew 4.9%.

• Cost of credit was R$18.5 billion in 2Q26, up 16.1% year-over-year but down 2.1% sequentially; 1H26 cost of credit rose 43.3% year-over-year.

• Expanded loan portfolio reached R$1.31 trillion at June 2026, up 1.5% year-over-year.

• CET1 ratio stood at 11.27% as of June 2026.

Outlook and guidance

• Guidance for 2026: loan portfolio growth 0.5–4.5% for individuals, -3% to 1% for companies, -2% to 2% for agribusiness, sustainable portfolio 2–6%.

• Net interest income guidance: 7–11% growth; cost of credit expected R$65–70 billion; fee income growth 2–6%; administrative expenses 5–9% growth.

• Adjusted net income guidance for 2026: R$18–22 billion; R$7.3 billion observed in 1H26.

• Expectation to return to on-time payment rates of 90% in coming months, supporting cost of risk convergence to guidance.

• Management confirmed the bank's ability to continue as a going concern, with no material uncertainties identified.