Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bradesco) is dated February 13, 2026. The document serves as a formal clarification to the Brazilian Securities and Exchange Commission (CVM) regarding media reports published on February 12, 2026, in the publication "Isto É Dinheiro." The filing addresses statements made by Bradesco officers concerning the bank's agribusiness portfolio growth projections for the 2026 fiscal year.
Key Financial Metrics and Projections
The filing does not report historical financial results such as revenue, profit, cash flow, or debt levels for a specific reporting period. Instead, it references forward-looking operational projections:
- Agribusiness Portfolio Size: Estimated at R$ 120 billion as of the time of the media report.
- Growth Projection: Bradesco projects a growth of between 15% and 20% in its direct agribusiness portfolio for the 2026 fiscal year.
- Strategic Actions: The bank intends to expand its team and increase presence at industry trade shows, contrasting with competitors who are reportedly reducing exposure.
Material Changes and Regulatory Context
The CVM requested clarification on why Bradesco did not disclose the aforementioned growth projections as a "Material Fact" under CVM Resolution No. 44/2021. Bradesco clarified that these projections were already reflected in the company's previously released Guidance (dated February 5, 2026). Consequently, the bank determined that a separate Material Fact disclosure was not required. The filing notes that competitors are reducing rural credit exposure and that capital market offerings for Agribusiness Receivables Certificates (CRA) and agribusiness funds (Fiagro) are shrinking.
Guidance, Outlook, and Risks
Bradesco reiterates that the growth projections are not guarantees of future performance. The bank emphasizes that these figures involve inherent risks and uncertainties, as they are based on specific premises and depend on future events that may not occur. The filing includes a standard forward-looking statements disclaimer, noting that actual results may differ materially from expectations due to general economic conditions, industry trends, and operating factors. Bradesco committed to disclosing any new material facts or changes in projections in a timely manner in accordance with applicable legislation.
Investor Verification Checklist
- Verify the specific date and content of the "Guidance" released by Bradesco on February 5, 2026, to confirm the inclusion of the 15-20% agribusiness growth projection.
- Monitor future disclosures for any updates to the R$ 120 billion agribusiness portfolio estimate or changes in growth assumptions.
- Review the competitive landscape for rural credit, specifically regarding the reduction in CRA and Fiagro offerings by other market participants.
- Confirm that no additional Material Fact notices were filed by Bradesco subsequent to this Form 6-K regarding the agribusiness strategy.