> ## Content Index
> Fetch the complete content index at: https://www.theglobalbanker.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Banco do Brasil Q1 2026 adjusted profit falls 53.5% to R$3.4 billion as agribusiness credit costs rise
- URL: https://www.theglobalbanker.com/banco-do-brasil-q1-2026-adjusted-net-income-falls-to-3-4-billion-guidance-cut/
- Published: 2026-05-13T22:00:00.000Z
- Updated: 2026-10-01T23:46:16.000Z
- Description: Banco do Brasil earned R$3.43 billion in adjusted net income in the first quarter, down 53.5% year on year, and cut its 2026 profit guidance to R$18–22 billion.
- Author: TGB Editorial Team
- Tags: Banking News, Americas

Banco do Brasil reported adjusted net income of R$3.431 billion for the first quarter of 2026, down 53.5% from R$7.374 billion a year earlier and 40.2% lower than in the fourth quarter. The state-controlled lender published the results after the market close on 13 May.

Adjusted return on equity fell to 7.3%, 9.4 percentage points lower than a year earlier, as credit costs continued to climb, led by the agribusiness book.

#### CREDIT COSTS DRIVE THE DECLINE

The cost of credit reached R$18.9 billion in the quarter, up 85.8% year on year. The 90-day non-performing loan ratio rose to 5.05%, 1.42 percentage points higher than a year earlier. The agribusiness portfolio stood at R$418.4 billion, up 3.0%, and loans renegotiated under the bank’s BB Regulariza Agro programme reached R$37.9 billion.

The expanded loan portfolio totalled R$1.306 trillion, up 2.2% year on year and 0.7% on the quarter. Gross net interest income rose 14.8% year on year to R$27.4 billion, though it fell 1.3% from the fourth quarter.

#### 2026 GUIDANCE REVISED

The bank lowered its 2026 adjusted net income guidance to R$18–22 billion from R$22–26 billion and raised its expected cost of credit to R$65–70 billion from R$53–58 billion. It lifted its gross net interest income growth forecast to 11–15% from 4–8%, and left loan, fee and expense guidance unchanged. Banco do Brasil said the revision reflected a reassessment of agribusiness risk, geopolitical uncertainty and the macroeconomic outlook.

**Sources:** [Banco do Brasil Investor Relations, 1Q26 earnings summary, 13 May 2026](https://ri.bb.com.br/en/); [InfoMoney, 13 May 2026; Agência Brasil, 13 May 2026.](https://www.bloomberg.com/news/articles/2026-05-13/banco-do-brasil-cuts-full-year-guidance-as-credit-costs-go-up)[](https://www.infomoney.com.br/mercados/banco-do-brasil-bbas3-reduz-projecao-de-lucro-para-r-18-bi-a-r-22-bi-em-2026/)