Analysis
There is no consensus figure on file, so the quarter cannot be assessed against an external earnings expectation. Reported revenue was $0.44B, above $0.42B in both Q1 FY2026 and Q2 FY2025, while net income reached $0.82B, up from $0.66B in Q1 FY2026 and $0.72B a year earlier. The main earnings support came from net interest income, which rose to $1,792 million from $1,713 million, helped by lower interest expense of $828 million versus $896 million. Other income also strengthened to $740 million from $683 million, led by trust income and service charges. Credit provisioning was slightly lower at $120 million, although operating expenses increased to $1,349 million from $1,336 million. The supplied material does not provide segment results or margin figures, so segment contribution and margin direction cannot be evaluated. Revenue growth was positive versus the prior quarter and prior-year quarter, but no reported growth rate was provided.
Guidance
No guidance was given in the supplied material. The filing excerpt provides quarterly and six-month actual results but does not include ranges for revenue, earnings, net interest income, credit provisions, expenses, capital expenditures or segment performance in future periods. Six-month capital expenditures totaled $117 million, compared with $51 million in the prior-year period, but this is an actual result rather than a forward target. The material also does not state whether any prior guidance was changed, nor does it provide assumptions or caveats for the remainder of 2026.
What drove it
- Net interest income
- Net interest income increased to $1,792 million from $1,713 million in Q2 FY2025.
- Other income
- Other income rose to $740 million from $683 million, with trust income reaching $197 million.
- Credit provision
- Provision for credit losses was $120 million, compared with $125 million in the prior-year quarter.
- Loan growth
- Loans totaled $143,193 million at June 30, 2026, versus $138,702 million at December 31, 2025.
Watch items
- Other expense increased to $1,349 million from $1,336 million, including higher salaries and benefits of $826 million versus $813 million.
- Loans increased to $143,193 million from $138,702 million at December 31, 2025, while the allowance for loan losses rose to $2,176 million from $2,116 million.
- Six-month capital expenditures rose to $117 million from $51 million in the prior-year period.
- Accumulated other comprehensive income was a loss of $92 million at June 30, 2026, compared with income of $277 million at December 31, 2025.
Banco Bradesco Sa American Depositary Shares$3.51
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Huntington Bancshares Incorporated Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.875% Series J Non-Cumulative Perpetual Preferred Stock$25.13