| Banco do Brasil presented an adjusted net income of R$ 28.3 billion in the 9M24, growing by 8.4% compared to the same period of 2023, which represents an ROE (return on equity) of 21.5%. In the quarter, the adjusted net income reached R$ 9.5 billion, 8.3% above the third quarter of 2023. The Common Equity Tier 1 (CET1) ended September at 11.77%. |
| The performance in the first nine months was mainly influenced by the growth in the net interest income (+13.9%), in the fee income (+4.8%), and in the conglomerate's businesses, in the control of expenses (+4.9%) and the increase in ALL expenses expanded view (+28.7%). |
| Loan Portfolio Expanded View |
| The loan portfolio expanded view, which includes private securities and guarantees, recorded a balance of R$1.2 trillion in September 2024, up 13.0% compared to the last 12 months and 1.9% compared to June 2024. The NPL over 90 days reached 3.33%. |
| Individuals Loan Portfolio Expanded View |
| An increase of 2.3% in the quarter and 7.9% in one year, reaching R$328.3 billion, with a special emphasis on the payroll loans portfolio (+2.6% in the quarter and +11.2% in 12 months). |
| Companies Loan Portfolio Expanded View |
| Grew by 0.1% in the quarter and 13.5% compared to September/23, reaching R$421.6 billion. Particularly noteworthy was the positive performance of the Corporate segment, up 14.5%, and Micro, Small and Medium-sized enterprises, up 7.0% over the last 12 months. |
| Agribusiness Loan Portfolio Expanded View |
| It reached a balance of R$386.6 billion in September 2024, up 3.1% in the quarter and 13.7% when compared to September 2023. The working capital for the input purchase line totalled more than R$120 billion in balance, with an increase of 7.4% in the quarter and 19.0% compared to September 2023. Another highlight is the agricultural investment line, up 3.0% in the quarter and 16.5% in 12 months. |
| Sustainable Loan Portfolio |
| In September 2024, BB reached R$ 369.6 billion in sustainable credit operations, an increase of 9.1% in 12 months. The lines of best socio-environmental practices represent 28.8% of this total, with investment loans standing out, with a balance of more than R$ 46 billion. |
| Fee Income and Administrative Expenses Dynamics |
| Fee income grew by 4.8% in accumulated 2024, when compared to the same period last year, especially the lines of capital market (+34.0%), consortium (+19.1%), asset management (+11.6%) and insurance, pension plans and premium bonds (+10.6%). |
| Administrative expenses rose by 4.9% in the same period. |
| The Cost-to-Income Ratio accumulated over 12 months was 25.4%, reflecting consistent revenue generation and control of expenses. |
| For the full document click the link below: |
| Banco do Brasil |
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