Banco BV 4Q25 Earnings: Record Auto Origination Can’t Outrun a 33% Surge in Credit Costs

2026-02-11 - 12:35

3 Key Points — Recurring net income fell 14.2% year-on-year to R$ 465 million ($85M) as an 8.5% drop in the net interest margin and a 32.6% surge in credit costs overwhelmed solid volume growth, pushing ROAE down to 15.1% from 16.0%. — Vehicle financing origination hit a quarterly record of R$ 8.1 billion ($1.5B),