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Banco do Brasil S.A. (BDORY)
OTHER OTC:BDORY
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.28Last Year’s EPS
$0.33Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: -11.41%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects strong financial performance and growth in key areas such as net income and loan portfolio, supported by strategic focus on sustainable projects. However, challenges in the agribusiness segment and the impact of high interest rates pose risks. The bank's proactive approach to managing these issues and its diversified portfolio provide a balanced outlook.Company Guidance
In the earnings call for the third quarter of 2024, Banco do Brasil provided several financial metrics and strategic insights. The bank reported a net income of BRL 9.5 billion for the quarter, representing an 8.3% year-on-year increase. The total value added was noted to be BRL 63.4 billion. The loan portfolio grew to over BRL 1.2 trillion, marking a 13% increase within a year. Credit disbursements in the quarter surpassed BRL 160 billion, aligning with their commercial strategies. Specific areas of growth included a 21% increase in INSS payroll loans and a 23% rise in private payroll loans, while the corporate portfolio expanded by 13.5% to over BRL 421 billion. The micro, small, and medium-sized enterprises (MSME) portfolio grew by 7%, with a 14.5% increase in the wholesale portfolio. The government portfolio also saw a significant rise of 22.8%, mainly in urban mobility and public safety investments. The agribusiness sector remained a strong pillar, with a portfolio totaling BRL 386 billion, up 13.7% year over year. Despite a 65 basis points rise in delinquency to 1.97%, the bank highlighted robust risk management and a recovery plan for affected clients. Additionally, Banco do Brasil emphasized its strategic focus on personalized client relationships and digital transformation, investing in CRM tools that generated 475 million interactions and leveraging automated processes to enhance their client services. The bank aims to sustain a healthy return on equity around the high teens to 20% while maintaining a strong capital position above 11%, even amidst regulatory changes such as the adoption of rule 4966.Record Net Income
Banco do Brasil reported a net income of BRL 9.5 billion for Q3 2024, representing an 8.3% increase year-on-year.
Loan Portfolio Growth
The loan portfolio exceeded BRL 1.2 trillion, marking a 13% increase year-on-year, with significant growth in payroll loans (11.2%) and corporate portfolio (13.5%).
Agribusiness Portfolio Expansion
The agribusiness portfolio totaled BRL 386 billion, up 13.7% over the last 12 months, driven by growth in costing (19%) and investment lines (16.5%).
Strong ESG Initiatives
Banco do Brasil is a leading supporter of sustainable projects with over BRL 36 billion funded for investments in sustainability, including BRL 1.4 billion in forestry and biodiversity projects.
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BDORY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BDORY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $4.47 | $4.32 | -3.36% |
| Aug 07, 2024 | $4.58 | $4.59 | +0.22% |
| May 08, 2024 | $5.21 | $4.92 | -5.57% |
| Feb 08, 2024 | $5.46 | $5.38 | -1.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Banco do Brasil S.A. (BDORY) report earnings?
Banco do Brasil S.A. (BDORY) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Banco do Brasil S.A. (BDORY) earnings time?
Banco do Brasil S.A. (BDORY) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BDORY EPS forecast?
BDORY EPS forecast for the fiscal quarter 2024 (Q4) is $0.28.
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