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TickerBBD
SectorBanks - Regional
Mkt cap$196.6B
EV / EBITDA34.8×
PostureActive Acquirer
Composite53/100
LensBuyer-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1160330

Bank Bradesco

BBDACTIVE ACQUIRERQUIET

Bank Bradesco reads as an Active Acquirer (composite 53/100); Transformational Buyer deploying $142M across 0 disclosed transactions, up 121% vs the prior cycle · primary market Regional Banking.

Lens

Disclosed M&A capital (2023–2025)

$142M

+121%

vs $64M in 2020–2022

Disclosed transactions

N/A

flat

3/3 active fiscal years in window

Buyer archetype

Transformational Buyer

Episodic but very large disclosed transactions drive the profile.

Composite score

53

/100

Active Acquirer dominates · Quiet

Financial snapshot
Revenue$369.7B
EBITDAN/A
Enterprise value$892.1B
EV / Revenue2.5×
EV / EBITDA34.8×
P/EN/A
CashN/A
Total debtN/A
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

Dominant
53/100

Companies actively deploying disclosed capital into M&A

  • $5.1B disclosed buyer spend

Buyer Cadence

2/100

Buyer-side companies with recent filing activity

Target Probability

2/100

Issuers showing target-side patterns from filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

Pressure Watch

2/100

Issuers facing activism, governance, or control pressure

Distress Watch

12/100

Issuers showing financial-distress filing patterns

  • Missing recent 10-Q

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

22/100

Issuers with the highest filing-activity intensity

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $892.1B
  • 2 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $2,254M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/A$1MN/AN/A
2024N/A$16MN/AN/A
2023N/A$125MN/AN/A
2022N/A$36MN/AN/A
2021N/A$29MN/AN/A
2020N/AN/AN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Horizontal Consolidation
    50%
  • Geographic Expansion
    50%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • horizontal_consolidation
  • geographic_expansion
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

Competition has increased as a result of consolidations among financial institutions in Brazil and as a result of regulations by the National Monetary Committee (Conselho Monetário Nacional), or “CMN”, that facilitate customers' ability to switch business between banks.

10-KFY2014

The markets for financial, banking and insurance services in Brazil are highly competitive.

10-KFY2011

The consolidation of the Brazilian banking market has also increased.

10-KFY2011
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Regional Banking

Market spend (2023–2025)
$245.7B
Market spend (2020–2022)
$72.8B
Recent vs prior
+238%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

34.8×EV / EBITDA

BBD trades at a +22.6-turn premium to the Regional Banking peer median of 12.3×.

EV / Revenue
2.5×
Net debt / EBITDA
N/A
Peer median EV / EBITDA
12.3×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
Bank BradescoBBD
34.8×2.5×N/A$369.7B$142M
16.7×3.7×-0.9×$13.7B$12.7B
13.9×3.0×-0.7×$58.4B$126.1B
10.7×3.2×-2.1×$3.4B$7B
9.3×2.2×-0.3×$14.5B$72.6B

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Regional Banking. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Target landscape.

Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.

No qualifying public-issuer targets surfaced from the current signal mix.

Stated target categories

No target categories enumerated in the audited corpus for this issuer.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)262026-03-25
  • 10-Q (quarterly)0N/A
  • 8-K (event)0N/A
  • Proxy / DEF 14A0N/A
  • Activism (13D / DFAN / PREC)0N/A

Signals on file

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Bank Bradesco: Issuer Brief | SE-Cluster