Bank Bradesco (NYSE: BBD)

Banco Bradesco S. A. is a full service financial institution headquartered in Osasco, São Paulo, Brazil, providing a broad array of banking, insurance, pension, capitalization, asset management and brokerage services to clients in Brazil and abroad. The company operates as a multiple service bank offering deposit taking, lending, credit cards, payment processing, leasing, insurance underwriting, pension plan administration and capitalization bonds, among other products. It serves individuals, micro, small, medium sized and large enterprises, and major local and international corporations through a domestic network of over two thousand branches and dozens of digital channels, as well as through overseas branches in New York and Grand Cayman and subsidiaries in Luxembourg, New York, London, Hong Kong, Mexico, Miami and Guatemala.

Revenue is generated primarily from interest income on loans and advances, fee and commission income from banking services, insurance premiums, pension plan contributions and capitalization bond income, as well as revenues from asset management fees and brokerage commissions. In 2025 the bank reported interest and similar income of R$267,113,345 thousand and fee and commission income of R$39,563,634 thousand from its banking segment, while the insurance segment contributed financial income of R$22,376,285 thousand and fee and commission income of R$2,061,017 thousand. Additional revenue comes from trading and investment activities, including gains on securities and foreign exchange operations conducted through its subsidiaries such as Bradesco BBI and Ágora Investimentos.

The company operates through the following segments: the banking segment and the insurance, pension plans and capitalization bond segment.

• Banking segment: This segment provides deposit accounts including checking, savings and time deposits, extends loans to corporate and retail clients for working capital, vehicle, housing, rural, agribusiness, export and import financing, issues debit and credit cards, processes payments, manages leasing contracts through Bradesco Leasing, administers assets worth R$997.7 billion via Bradesco Asset, offers brokerage services through Ágora Investimentos and Bradesco BBI, and conducts treasury and money market activities.

• Insurance, pension plans and capitalization bond segment: This segment underwrites life insurance covering 24.5 million policyholders, provides health insurance to approximately 3.9 million beneficiaries, offers auto and property casualty insurance through Bradesco Auto RE with 1.68 million insured automobiles and 1.75 million policies, sells capitalization bonds to 3.2 million active clients, manages individual and corporate pension plans covering 3.2 million participants with R$385.7 billion in collateral assets, and administers related savings and investment products through Grupo Bradesco Seguros.

Banco Bradesco S. A. holds a leading position in the Brazilian financial sector, ranking among the largest private sector banks by assets and deposits, and maintaining the top market share in the insurance, leasing and asset management industries. As of December 2025 the bank held 12.0 percent of Brazil's total savings deposits, a 38.0 percent share of the leasing market according to ABEL, and an 8.6 percent share of the asset management market according to ANBIMA, while its insurance arm Grupo Bradesco Seguros maintained a 22.8 percent market share in the Brazilian insurance sector according to SUSEP/ANS data. Main competitors in banking include Itaú Unibanco, Banco do Brasil, Santander Brasil and Caixa Econômica Federal, whereas in insurance it faces rivals such as Sul América, Porto, BB Seguridade, HDI and Tokio Marine. Competitive advantages stem from its extensive nationwide branch and digital distribution network, strong brand recognition, diversified product suite that spans banking and insurance lines, and a solid capital base that supports sustained lending and investment activities.

Banco Bradesco S. A. serves individuals ranging from retail consumers and microentrepreneurs to high net worth clients, as well as small, medium sized and large enterprises across sectors such as agribusiness, industry and services. The bank also provides financial solutions to major local and international corporations, institutional investors and public sector entities. Its client base includes 74.3 million total clients, 38.9 million savings account holders, 37.7 million checking account holders, 3.5 million investors in managed funds and 3.9 million investors in administered funds. No specific customer names are disclosed in the filing.