Slides
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Earnings Presentation Click or read the QR Code to MD&A 1Q25 Código QR O conteúdo gerado por IA pode estar incorreto.
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Executionof the corporate strategyand valuecreation 2 | 25 R$ 73.5 AdjustedNet Income 2023 and 2024 ValueaddedtoSociety (DVA) 2023 and 2024 R$ 171.5 billionbillion
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3 | 25 Leading player in R$ 3 billion In disbursements 68 k companies 4,7 k citiesserved The new line of privatepayrollloan
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1Q25 CET 1 10,97% mar/25 Earnings 4 | 25 Adjusted Net Income 7.4 R$ billion Loan Portfolio Expanded View 1,277.8 R$ billion Net Interest Income 23.9 R$ billion Fee Income 8.4 R$ billion Administrative Expenses 9.5 R$ billion Cost of Credit 10,2 R$ billion
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5 | 25 integration Interactions Platform and CRM 360 +417% Proximityand Connection Reframingthe bank branch far beyond bank Ponto BB Best of physical and digital 86.7 million customers Technology Investment Constant search for the best experience +30% 1Q25/1Q24 +1,000 new employess In cybersecurityand technology Average numberof interactions
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One of the world’s largest financial conglomerate BB Asset ResourcesManaged R$ 1.7 trillion + R$ 29 bnin net fundingin the 1Q25 BB Consórcios Record revenuesin 1Q25 + 120k quotes R$ 818 million Mercado de Capitais In 36 operarationsin the 1Q25 R$ 121 billion 6 | 25 Cielo in the SME flow +66% Revenuefromnew business +25% New accreditations Integrationof productsand relationships
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7 | 227 | 22 Support to brazilian companies 7 | 25 Pronampe e PEAC - FGI R$ 30 billion in balance Acting at Value Chain Corporate Loan Portfolio R$ 261.5 billion inbalance in Mar/25
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8 | 25 ActinginAgro Agribusiness Ciricuit Side by side with producers at agri-fairs R$ 12.5 billion in business prospects by May 2025 Carreta Agro 2025: More than 250,000 km NPL +90 days : 3.04% Collection and recovery actions
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9 | 25 The Sustainability World's most sustainable bank for the 6th time The Brazilian bank and company that generates the most sustainable revenue 13th year on the Dow Jones Sustainability Index bank
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Commitment to the continuous generation of 10 | 25
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11 | 25 Click or read the QR Code and watch the videocast from the earnings presentation with our CFO and the IR TeamI Código QR O conteúdo gerado por IA pode estar incorreto.
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1Q25 Earnings Adjusted Net Income Net Interest Income Cost of Credit¹ Fee Income Administrative Expenses 2025 Guidance¹ 37 41 111 11523.9 R$ billion 7.4 R$ billion 10.2 R$ billion 8.4 R$ billion 9.5 R$ billion 38 42 34.5 36.5 38.5 40 (1) According to material fact published in 05/15/2025. (2) Cost of Credit: corresponds to expected loss expenses (according to CMN Resolution 4,966/21), added to discounts granted and deducted from income from credit recovery. Em revisão Em revisão Em revisão 12 | 25
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1Q24 4Q24 1Q25 9.3 9.6 7.4 20.821.7 16.7ROE % -20.7% -23.0% Adjusted Net Income R$ billion 13 | 25
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Net Interest Income R$ billion 5.5 20.3 1Q24 6.0 20.8 4Q24 3.6 20.3 1Q25 25.7 26.8 23.9 Margin with clients Margin with the market -7.2% -10.9% (1) Due to Resolution No. 4,966, as of 1Q25, the Private Securities Securities portfolio with credit characteristics income was migrated from the Treasury Result to Loan Operations Income. The movement had an equal negative impact on the Treasury Result (Securitires - Interest Income) and a positive impact on Loan Operations Income, by R$3.9 billion. Excluding this effect, the Treasury Result would be R$11.1 billion and the Loan Operations Income would be R$38.1 billion in 1Q25, which would represent a variation of -5.8% and +2.7% in the quarterly comparison, respectively; (2) It includes the result from interest, tax hedging, derivatives, and other financial instruments that offset the effects of the exchange rate variation on result; (3) It includes senior bonds, subordinated debt, and hybrid capital instruments (except instruments qualifying as CET1). Managerial NII Accounting NII Global Spread (%) 5.1% 1Q24 5.0% 4Q24 4.5% 1Q25 TR (%) TMS (%) 2.62% 1Q24 2.68% 4Q24 2.99% 1Q25 0.13% 1Q24 0.24% 4Q24 0.41% 1Q25 14 | 25 1Q24 4Q24 1Q25 Δ% Y/Y Δ% Q/Q Net Interest Income 25,734 26,791 23,881 (7.2) (10.9) Financial Income 46,237 48,918 49,239 6.5 0.7 Loan Operations ¹ 34,299 37,102 42,038 22.6 13.3 Treasury ¹ ² 11,938 11,816 7,201 (39.7) (39.1) Financial Expenses (20,503) (22,127) (25,357) 23.7 14.6 Commercial Funding (17,509) (18,675) (21,089) 20.4 12.9 Institutional Funding ³ (2,994) (3,452) (4,268) 42.6 23.7
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Cost of Credit R$ billion 15 de 22 slides -10.0 2.0 -0.3-0.2 1Q24 -10.2 1.9 -0.4-0.6 4Q24 -11.1 1.3 -0.4 1Q25 (8.5) (9.3) (10.2) ALL Expenses Expected Loss ALL Expenses 2024 Expected Loss 2025 Discount Granted Impairments Recovery of write-offs +18.9% +9.6% (4.0) (1.7) (5.2) 1Q25 Individuals Companies Agribusiness (10.9) Flow by Segment Internal Loan Portfolio Expenses/loan portfolio (%) 4,01% 4,03% 4,03% 15 | 25
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Mar/24 Dec/24 Mar/25 1,117.0 1,264.5 1,277.8 (1) Includes Private Securities and Guarantees (2) New NPL = ratio between the quarterly change of the operations overdue for more than 90 days balance plus the quarterly write-off. (4) Classified loan portfolio balance of the previous quarter. (5) The credit projections consider the domestic classified portfolio added private securities and guarantees and do not consider government credit. Expanded Loan Portfolio¹ Sustainable Loan Portfolio +1.1% +14.4% R$ billion 171.3196.0 191.3 177.6 NPL and Coverage Ratio (%) Coverage 1.220.98 0.96 1.09 88.7104.9 100.0 93.2 NPL Formation (%) Coverage New NPL (%) New NPL2 / Loan Portfolio3 (%) 359.1 386.7 393.5 New NPL2 (R$ billion) NPL +90 days 1Q24 2Q24 3Q24 4Q24 1Q25 14.289.53 9.61 12.48 11.48 3.322.90 3.00 3.33 4.644.13 4.38 4.56NPL +30 days 5.53 3.86 184.8 77.5 1.30 16 | 25
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Mar/24 Dec/24 Mar/25 335.8315.0 331.8 +6.6% +1.2% Mar/24 Jun/24 Sep/24 Dec/24 4.664.77 4.81 5.03 INPL + 90 days individuals (%) Mar/24 Jun/24 Sep/24 Dec/24 163.4170.5 171.9 163.7 Coverage + 90 days (%) Individuals Loan Portfolio R$ billion Mar/24 Jun/24 Sep/24 Dec/24 6.436.81 6.78 6.81 NPL +30 days individuals (%) 7.33 Mar/25 5.10 Mar/25 176.8 Mar/25 17 | 25
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+22.4% +1.6% NPL +90d Companies (%) 231.7 Mar/24 205.1 Jun/24 195.2 Sep/24 197.5 Dec/24 Companies Coverage ratio (%) 194.5 119.6 61.7 Mar/24 249.7 125.0 77.8 Dec/24 261.5 123.8 74.6 Mar/25 375.8 452.6 459.9 3.19 Mar/24 3.38 Jun/24 3.58 Sep/24 3.51 Dec/24Corporate SME Government Companies Loan Portfolio R$ billion NPL +30d Companies (%) 4.51 Mar/24 4.62 Jun/24 4.63 Sep/24 4.54 Dec/24 6,00 Mar/25 4,06 Mar/25 190,1 Mar/25 18 | 25
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Mar/24 Dec/24 Mar/25 372.5 397.7 406.2 +9.0% +2.1% 1.19 Mar/24 1.32 Jun/24 1.97 Sep/24 2.45 Dec/24 NPL +90d Agribusiness (%) 178.3 Mar/24 198.0 Jun/24 165.3 Sep/24 134.5 Dec/24 Coverage +90 days (%) Agribusiness Loan Portfolio R$ billion 1.70 Mar/24 2.45 Jun/24 3.02 Sep/24 3.74 Dec/24 NPL +30d Agribusiness (%) 4.11 Mar/25 3.04 Mar/25 183.6 Mar/25 19 | 25
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20 de 22 slides CMN Resolution No. 4,966/21 Loan Portfolio Individuals Stage 1 Stage 2 Stage 3 R$ billion Expected Loss by Stage 38.5% of the balance of operations in stage 3 are compliant 285.2R$ billion 976.1 6.6 41.3 9.6 86.1 62.5 2.8 15.3 3.4 Stage 2Stage 1 35.2 24.1 Stage 3 Companies 302.0 1.1 R$ billion 8.8 2.1 28.9 23.0 Agribusiness 329.0 2.4 R$ billion 16.6 4.1 19.9 13.9 24.8%0.7% 69.9% 23.8%0.4% 79.4% 22.0%1.0% 68.5% 23.3%0.7% 72.6% Balance Loan Portfolio Balance Expected Loss Coverage (%) mar/25 20 | 25
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Fee Income R$ million Resolution CMN 4,966 Differential in the NII Less R$ 400 million 21 | 25 1Q24 4Q24 1Q25 Δ% Y/Y Δ% Q/Q Fee Income 8,344 9,192 8,361 0.2 (9.0) Asset Management 2,175 2,300 2,497 14.8 8.6 Insur., Pens. Plans & Premium Bonds 1,457 1,512 1,489 2.2 (1.6) Checking Account 1,552 1,680 1,472 (5.1) (12.4) Consortium Management Fees 690 764 818 18.5 7.0 Credit/Debit Cards 526 524 505 (4.0) (3.6) Loans and Guarantees 579 789 125 (78.3) (84.1) Collections 306 297 298 (2.3) 0.3 Billings 252 247 241 (4.4) (2.3) Capital Market 132 239 167 26.7 (30.3) Nat. Treas. & Official Funds Manag. 77 75 74 (3.9) (1.9) Other 601 764 676 12.5 (11.5) Business Days 61 63 61 0.0 (3.2)
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Administrative Expenses R$ million 22 | 25 1Q24 4Q24 1Q25 Δ% Y/Y Δ% Q/Q Administrative Expenses (8,878) (9,502) (9,496) 7.0 (0.1) Personnel Expenses (5,880) (6,285) (6,322) 7.5 0.6 Wages and Salaries (2,778) (3,455) (2,966) 6.8 (14.1) Personnel Administrative Provisions (909) (1,092) (1,063) 16.9 (2.7) Benefits (973) (1,076) (1,031) 6.0 (4.1) Social Charges (962) (286) (985) 2.3 – Pension Plans (234) (336) (251) 7.0 (25.4) Directors and Officers Remuneration (15) (18) (15) (0.4) (13.2) Training (9) (23) (11) 27.6 (51.5) Other Administrative Expenses (2,998) (3,216) (3,174) 5.9 (1.3) Rent and Property Maintenance (683) (747) (681) (0.4) (8.9) Amortization and Depreciation (554) (332) (615) 11.1 85.4 Telecommunic. and Data Processing (431) (459) (537) 24.8 17.0 Security and Transport Services (368) (408) (397) 7.9 (2.8) Expenses with Outsourced Services (345) (413) (294) (14.9) (28.9) Advertising and Public Relations (186) (225) (166) (10.4) (26.1) PDG (Performance Bonus Program) (146) (139) (160) 9.9 15.5 Others (286) (493) (324) 13.2 (34.3)
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CET 1 (%) Dec/24 12.66 13.75 CET 1 Tier IIBIS III Tier I CET 1 13.88 15.13 Prudential Adjustements (%) CET1 Dec/24 Net income 0.29 10.89 CET1 Mar/25 10.97 RWA (0.27) Mar/24 11.90 10.89 (0.04) Actuarial + MtM+ FX Variation (0.01) Mar/25 13.27 14.14 010.97 0.11 Resolution 4,966 23 | 25
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Loan Portfolio² Individuals Companies Agribusiness Fee Income Administrative Expenses Adjusted Net Income Net Interest Income Cost of Credit³ Under review 5% and 9% 5.5% and 9.5% 4% and 8% 7% and 11% Range 2025 Guidance¹ Sustainable Loan Portfolio 7% and 11% 38.5 and 40.0 R$ billion 34.5 and 36.5 R$ billion Under review Under review between 12.5% 6.6% 22.6% 9.0% 8.4 R$ bn 9.5 R$ bn 7.4 R$ bn 23.9 R$ bn 10.2 R$ bn 9.6% Observed 1Q25 (1) According to material fact published in 05/15/2025. (2) The credit projections consider the domestic classified portfolio added private securities and guarantees and do not consider government credit.(3) Cost of Credit corresponds to the provisions associated with the credit risk of financial instruments, according to CMN Resolution 4966/21. 24 | 25
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