v3.26.1
Consolidated Statement of Cash Flows - BRL (R$)
R$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of cash flows [abstract]      
Adjusted net income R$ 88,303 R$ 38,186 R$ 91,638
Net income 45,849 42,128 33,877
Adjustments to net income: 42,454 (3,942) 57,761
Share-based payment 178 217 200
Effects of changes in exchange rates on cash and cash equivalents 3,791 (8,404) 11,529
Expected credit loss with financial assets 28,833 32,311 30,445
Income from interest and foreign exchange variation from operations with subordinated debt 4,386 (1,794) 2,948
Financial income from insurance contracts and private pension 42,150 23,679 28,585
Depreciation and amortization 7,386 6,440 5,652
Expense from update / charges on the provisions for civil lawsuits, labor and tax claims and social security lawsuits and other risks 1,622 1,180 799
Provisions for civil lawsuits, labor and tax claims and social security lawsuits and other risks 3,633 5,077 4,418
Revenue from update / charges on deposits in guarantee (957) (775) (913)
Deferred taxes (excluding hedge tax effects) 1,022 2,689 2,130
Income from share in the net income of associates and joint ventures and other investments (1,417) (1,047) (920)
Income from financial assets at fair value through other comprehensive income 5,047 3,905 612
Income from interest and foreign exchange variation of financial assets at fair value through other comprehensive income (12,948) (45,778) (20,133)
Income from interest and foreign exchange variation of financial assets at amortized cost (39,094) (19,995) (7,697)
Income from sale of investments and fixed assets (331) (395) 1,255
Other (847) (1,252) (1,149)
Change in assets and liabilities (53,837) (31,117) (14,145)
(Increase) / decrease in assets      
Interbank deposits 37,343 (14,419) 4,583
Securities purchased under agreements to resell (77,373) (9,800) 3,137
Central Bank of Brazil deposits (6,577) (15,294) (29,656)
Loan and lease operations (91,605) (146,210) (34,191)
Derivatives (assets / liabilities) 4,385 (6,406) (745)
Financial assets at fair value through profit or loss (68,631) (48,391) (126,653)
Other financial assets (27,839) (8,500) (16,853)
Tax assets (1,823) (2,964) (2,819)
Other assets (5,423) (3,128) (6,606)
(Decrease) / increase in liabilities      
Deposits 59,741 103,389 79,914
Securities sold under repurchase agreements 45,820 26,001 69,346
Funds from interbank markets 33,876 43,649 34,058
Funds from institutional markets 10,724 22,409 (1,928)
Other financial liabilities 50,126 10,603 15,114
Financial liabilities at fair value through profit or loss (260) 21 233
Insurance contracts and private pension 5,142 12,144 9,125
Provisions (7,567) 380 1,165
Tax liabilities 11,626 980 3,234
Other liabilities (15,800) 13,892 (6,523)
Payment of income tax and social contribution (9,722) (9,473) (8,080)
Net cash from / (used in) operating activities 34,466 7,069 77,493
Dividends / Interest on capital received from investments in associates and joint ventures 612 450 583
(Purchase) / Funds from the sale of financial assets at fair value through other comprehensive income (13,292) 60,204 18,219
(Purchase) / Redemptions of financial assets at amortized cost 39,257    
(Purchase) / Redemptions of financial assets at amortized cost   (46,811) (40,087)
(Purchase) / Sale of investments in associates and joint ventures (22) (352) (1,081)
(Purchase) / Sale of fixed assets (1,176) (1,258) (3,622)
(Purchase) / Sale and Termination of intangible asset agreements (5,939) (5,265) (5,242)
Net cash from / (used in) investment activities 19,440 6,968 (31,230)
Raising of subordinated debt obligations 12,401 7,860 2,170
Redemption of subordinated debt obligations (13,864) (7,519) (12,981)
Change in non-controlling interests stockholders 22 867 (923)
Acquisition of treasury shares (3,085) (1,775) (689)
Result of delivery of treasury shares 947 772 689
Dividends / interest on capital paid to non-controlling interests (633) (589) (366)
Dividends / interest on capital paid (48,299) (21,314) (10,348)
Net cash from / (used in) financing activities (52,511) (21,698) (22,448)
Net increase / (decrease) in cash and cash equivalents 1,395 (7,661) 23,815
Cash and cash equivalents at the beginning of the period 117,286 116,543 104,257
Effect of changes in exchange rates on cash and cash equivalents (3,791) 8,404 (11,529)
Cash and cash equivalents at the end of the period 114,890 117,286 116,543
Cash 37,144 36,127 32,001
Interbank deposits 46,694 10,087 8,582
Securities purchased under agreements to resell - Collateral held 31,052 71,072 75,960
Additional information on cash flow (Mainly operating activities)      
Interest received 219,617 219,741 208,243
Interest paid 194,597 131,096 115,518
Non-cash transactions      
Dividends and interest on capital declared and not yet paid R$ 4,403 R$ 5,436 R$ 4,799