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Banco do Brasil SA BB Brasil (BDORY) Q1 2025 Earnings Call Highlights: Strong Financial ...
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Wed 05 Feb 25, 04:40 PM| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -2193.58900M | 27710.59M | 41147.19M | 46994.45M | 28293.05M |
| Minority interest | -3083.81400M | -2812.70400M | -3202.81700M | -2631.80100M | -1605.51300M |
| Net income | 13429.05M | 26358.86M | 29860.97M | 31011.49M | 19710.40M |
| Selling general administrative | 7859.69M | 7310.44M | 6552.49M | 7732.05M | 7983.86M |
| Selling and marketing expenses | 873.44M | 890.65M | 763.11M | 660.81M | 647.53M |
| Gross profit | 59721.02M | 141761.44M | 125465.94M | 123382.88M | 97529.22M |
| Reconciled depreciation | 5978.28M | 5109.56M | 3897.58M | 2833.10M | 2828.69M |
| Ebit | -2193.58800M | 27710.59M | 3789.54M | 198833.42M | 24151.70M |
| Ebitda | 1010.91M | 32820.14M | 8981.90M | 201666.51M | 26980.40M |
| Depreciation and amortization | 3204.50M | 5109.56M | 3996.16M | 2833.10M | 2828.69M |
| Non operating income net other | - | - | - | - | - |
| Operating income | 5503.37M | 27710.59M | 57201.89M | 198833.42M | 24151.70M |
| Other operating expenses | 345049.84M | 283041.68M | 68264.05M | 58549.54M | 53349.51M |
| Interest expense | 218451.39M | 168990.83M | 169784.29M | 158439.30M | 70609.85M |
| Tax provision | -11168.30200M | -1460.97500M | 10461.07M | 9382.63M | 4441.30M |
| Interest income | 319462.10M | 273505.27M | 272756.83M | 240708.73M | 131669.61M |
| Net interest income | 101010.72M | 104514.45M | 95648.24M | 82269.43M | 61059.75M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | -10948.92100M | -1460.97500M | 7981.60M | 9382.63M | 4441.30M |
| Total revenue | 342856.26M | 310752.27M | 125465.94M | 123382.88M | 97529.22M |
| Total operating expenses | 61914.61M | 114050.85M | 68264.05M | 58549.54M | 53349.51M |
| Cost of revenue | 283135.23M | 168990.83M | -201748.55300M | - | - |
| Total other income expense net | -7696.95500M | -17199.01600M | -16054.70100M | -151838.96900M | 4141.35M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | 16781.94M | 29171.56M | 40865.46M | 37611.82M | 23851.75M |
| Net income applicable to common shares | - | - | - | 31011.49M | 19574.42M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 2455143.25M | 2398719.20M | 2172479.98M | 2028958.14M | 1932532.98M |
| Intangible assets | 12053.15M | 11350.42M | 10801.93M | 11014.62M | 7031.26M |
| Earning assets | - | - | - | - | - |
| Other current assets | 1436.57M | 3632.76M | 145943.49M | 165107.82M | 157456.52M |
| Total liab | 2261575.84M | 2214482.85M | 1999403.90M | 1865369.92M | 1787675.79M |
| Total stockholder equity | 189207.67M | 179623.02M | 169365.70M | 160278.68M | 141995.02M |
| Deferred long term liab | - | - | - | - | - |
| Other current liab | 949179.05M | 895091.96M | -59141.36300M | -46760.55800M | -41610.45300M |
| Common stock | 120000.00M | 120000.00M | 120000.00M | 90000.02M | 90000.02M |
| Capital stock | 120000.00M | 120000.00M | 120000.00M | 90000.02M | 90000.02M |
| Retained earnings | -6936.04900M | -15375.57700M | -9188.50300M | 70142.17M | 51180.29M |
| Other liab | - | - | - | 155685.31M | 131689.61M |
| Good will | - | - | 13.26M | 76.02M | - |
| Other assets | - | 2398719.20M | 18601.53M | 1520792.59M | 1315830.72M |
| Cash | 200866.13M | 252066.86M | 157511.80M | 168682.40M | 130120.12M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 1013890.23M | 956876.33M | 1055014.59M | 46760.56M | 41610.45M |
| Current deferred revenue | - | - | 1168.84M | - | - |
| Net debt | -37433.66600M | -81925.26500M | -157511.79600M | -13482.89300M | 42313.73M |
| Short term debt | - | - | 684577.17M | - | - |
| Short long term debt | - | - | - | - | - |
| Short long term debt total | 163432.46M | 170141.59M | 1001655.57M | 155199.51M | 172433.85M |
| Other stockholder equity | 76143.72M | 74998.60M | 49365.70M | 70278.66M | 51995.00M |
| Property plant equipment | - | - | - | 8825.92M | 8541.24M |
| Total current assets | 214711.15M | 270564.07M | 46785.88M | 217857.13M | 195896.79M |
| Long term investments | 766343.18M | 682258.53M | 256841.89M | 270391.85M | 405232.98M |
| Net tangible assets | - | - | - | 149188.04M | 134963.76M |
| Short term investments | - | - | -110725.91200M | - | - |
| Net receivables | 12408.46M | 14864.45M | 52006.72M | 49174.73M | 65776.66M |
| Long term debt | - | - | - | - | - |
| Inventory | - | - | -98792.60300M | - | - |
| Accounts payable | 58285.77M | 52417.92M | 50252.58M | 46760.56M | 41610.45M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | - | - | 52592.04M | - | - |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | - | - |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 961563.29M | 961682.27M | 2086218.35M | -290308.41400M | -420805.47500M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 2240432.10M | 2128155.13M | 2107092.57M | 290308.41M | 420805.47M |
| Capital lease obligations | - | - | - | - | - |
| Long term debt total | - | - | - | - | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -169397.55600M | -93492.81400M | 59267.37M | -17883.18700M | -50490.77800M |
| Change to liabilities | - | - | - | 0.00000M | 0.00000M |
| Total cashflows from investing activities | -168393.03500M | -93492.81400M | 21641.07M | -17883.18700M | -53278.15200M |
| Net borrowings | - | - | -6916.72100M | -13803.30100M | -16653.58000M |
| Total cash from financing activities | -6842.51200M | -21361.23400M | -34341.95000M | -26978.74100M | -23778.20000M |
| Change to operating activities | - | - | - | -76826.16100M | -161201.32200M |
| Net income | 16781.94M | 29171.56M | 33165.59M | 31011.49M | 28293.05M |
| Change in cash | -23531.71800M | 26167.43M | -11826.46500M | 14331.60M | -121694.82700M |
| Begin period cash flow | 83167.24M | 56999.81M | 68826.28M | 54494.68M | 176189.51M |
| End period cash flow | 59635.53M | 83167.24M | 56999.81M | 68826.28M | 54494.68M |
| Total cash from operating activities | 159254.09M | 127208.10M | 16740.78M | 64694.67M | -46191.95200M |
| Issuance of capital stock | - | - | - | - | - |
| Depreciation | 5978.28M | 5109.56M | 5192.37M | 2833.10M | 2828.69M |
| Other cashflows from investing activities | 5040.84M | 4523.77M | 3244.74M | 4216.91M | 2031.95M |
| Dividends paid | 6680.89M | 14824.29M | 12956.52M | -11810.30500M | -6454.96500M |
| Change to inventory | - | - | - | - | - |
| Change to account receivables | - | - | - | - | - |
| Sale purchase of stock | - | - | - | - | - |
| Other cashflows from financing activities | -161.62300M | -2990.79900M | -14468.70600M | -15168.43600M | -17323.23500M |
| Change to netincome | - | - | - | 32312.16M | 30003.50M |
| Capital expenditures | 7366.49M | 5746.24M | 5031.54M | 6592.81M | 4909.27M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - | - |
| Change in working capital | 74071.74M | 61951.16M | -66551.39000M | 4374.42M | -95045.41100M |
| Stock based compensation | - | - | 11.92M | - | - |
| Other non cash items | 62422.14M | 30975.82M | 44934.22M | 26475.67M | 17731.72M |
| Free cash flow | 151887.60M | 121461.86M | 11709.25M | 58101.86M | -51101.22400M |
Sector: Financial Services Industry: Banks - Regional
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) |
|---|---|---|---|---|---|---|---|
| BDORY Banco Do Brasil SA |
-0.1236 3.04% | 3.94 | 10.21 | 4.59 | 0.38 | 0.74 | 1.18 |
| HDB HDFC Bank Limited ADR |
0.01 0.04% | 23.55 | 20.81 | 20.96 | 0.11 | 4.77 | |
| CIHKY China Merchants Bank Co Ltd |
-0.43 1.40% | 30.39 | 7.78 | 7.65 | 0.56 | 0.90 | 3.62 |
| DBSDF DBS Group Holdings Ltd |
- -% | 51.34 | 15.29 | 14.41 | 5.84 | 2.36 | 10.40 |
| CIHHF China Merchants Bank Co Ltd Class H |
- -% | 5.92 | 6.10 | 5.67 | 0.44 | 0.77 | 3.43 |
Banco do Brasil S.A., together with its subsidiaries, provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company operates through Banking, Investments, Fund Management, Insurance (including insurance, private pension funds and capitalization) and Electronic Payments segments. Its Banking segment offers various products and services, including deposits, loans, and other services to retail, wholesale, and public sectors. This segment also engages in the business with micro-entrepreneurs and other activities through banking correspondents. Its Investments segment engages in the structuring and distribution of debt and equity instruments in the primary and secondary markets; and provision of financial services. The company's Fund Management segment is involved in the purchase, sale, and custody of securities and portfolio management; and the structuring, organization, and management of investment funds and clubs. Its Insurance segment provides life, property, and automobile insurance products, as well as private pension and capitalization plans. The company's Electronic Payment segment provides capture, transmission, processing, and financial settlement services for electronic payment transactions. Its Other segment engages in the provision of credit recovery and consortium management services. This segment is also involved in the development, manufacturing, sale, rental, and integration of digital electronic systems, peripherals, programs, inputs, and computing supplies. The company was incorporated in 1808 and is headquartered in Brasília, Brazil.
EdifIcio Banco do Brasil, Brasília, DF, Brazil, 70040-911
| Name | Title | Year Born |
|---|---|---|
| Mr. Fausto de Andrade Ribeiro | CEO, Director & Member of the Exec. Board | NA |
| Mr. Jose Ricardo Fagonde Forni | CFO, Chief Financial Management & Investor Relations Officer, VP and Member of Exec. Board | 1971 |
| Mr. Renato Luiz Bellinetti Naegele | Chief Agribusiness Officer & Member of Exec. Board | NA |
| Mr. João Leocir Dal Rosso Frescura | Operations Officer | NA |
| Mr. Ênio Mathias Ferreira | Chief Corp. Officer, VP & Member of Exec. Board | 1971 |
| Mr. Carlos Motta dos Santos | Chief Retail Bus. Officer, VP & Member of Exec. Board | 1970 |
| Ms. Ana Paula Teixeira de Sousa | Chief Internal Controls & Risk Management Officer, VP and Member of Exec. Board | 1972 |
| Mr. Joao Carlos de Nobrega Pecego | Chief Wholesale Officer, VP & Member of Exec. Board | 1964 |
| Mr. Marcelo Cavalcante de Oliveira Lima | Chief Technology & Digital Bus. and Member of Exec. Board | 1968 |
| Mr. Antonio Jose Barreto de Araujo Jr. | Chief Gov. Affairs & Sustainability Officer, VP and Member of Exec. Board | NA |
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