Country for PR: United States
Contributor: PR Newswire New York
Thursday, April 25 2019 - 23:27
AsiaNet
Bradesco - Results in the 1st Quarter of 2019
SAO PAULO, April 25, 2019 /PRNewswire-AsiaNet/ --

The main figures obtained by Bradesco (BM&FBovespa: BBDC3; BBDC4, NYSE: BBD) 
are presented below:

1. Recurring Net Income in the 1st quarter recorded R$6.2 billion, an increase 
of 7% compared to the previous quarter and 22.3% compared to the same quarter 
of the previous year, representing R$2.83 per share with accrued profitability 
in the quarter over Shareholder's Equity of 20.5%.

2. Operating Income in the 1st quarter recorded R$8.9 billion, an increase of 
3.1% compared to the previous quarter and 15.6% compared to the same quarter of 
the previous year.

3. Bradesco Seguros Net Income in the 1st quarter recorded R$1.8 billion, an 
increase of 1.8% compared to the previous quarter and 16.1% compared to the 
same quarter of the previous year. Claims Ratio reached 68.5%, an improvement 
of 190 bps compared to previous quarter and the Combined Ratio reached 80.3%, 
an increase of 50 bps compared to the previous quarter.

4. Total Assets recorded a balance of R$1.388 trillion in March 2019, a growth 
of 0.2% compared to the last quarter. Return on Average Total Assets was 1.8%.

5. Expanded Loan Portfolio in March 2019 reached R$548.3 billion, an increase 
of 3.1% quarter-over-quarter and 12.7% year-over-year.

6. Net Interest Income totaled R$14.1 billion, an increase of 4.2% compared to 
the previous quarter and a contraction of 4.7% compared to the same quarter of 
the previous year.

7. In the 1st quarter, Delinquency over 90 days reached 3.3%, an improvement of 
20 bps quarter-over-quarter and 110 bps year-over-year, allowing a relevant 
reduction of 8.4% on Credit Losses Provision Expenses compared to the same 
period of the previous year.

8. Fee and Commission Income expanded 2.4 year over year and contracted 4.3% 
compared to the previous quarter.

9. Assets Under Management reached R$2.205 trillion, an increase of 1.1% 
compared to the previous quarter and 8.1% compared to the 1st quarter of 2018.

10. In March 2019 Shareholders' Equity totaled R$126.674 billion, a 4.6% growth 
compared to previous quarter and a 11.3% growth compared to March 2018.

11. Tier I Basel Ratio was 14.4% in March 2019, an increase of 70 bps compared 
to the previous quarter.

Earnings Release Conference Call presentation, Report on Economic and Financial 
Analysis and Complete Financial Statements are available on the Investor 
Relations website - bradesco.com.br/ir-en.

FURTHER INFORMATION:
Investor Relations Area
Tel.: +55 (11) 2194-0922
e-mail: investors@bradesco.com.br 

SOURCE Banco Bradesco S.A.
Translations

Japanese