Banco Bradesco S.A. reported earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company has posted book net income of BRL 2,893 million against BRL 2,726 million a year ago. Adjusted net income was BRL 2,918 million or BRL 3.02 per share against BRL 2,771 million or BRL 2.93 per share a year ago. Book value per common and preferred share was BRL 18.35 against BRL 14.56 a year ago. ROE was 19.2% against 21.3% a year ago. ROA was 1.4% against 1.6% a year ago. Net income was BRL 964 million against BRL 860 million a year ago. Operating result was BRL 4,449 million.

For the year, the company has posted adjusted net income of BRL 11.523 billion, corresponding to earnings per share of BRL 3.02 and ROE of 19.2%. Net income was BRL 11,381 million against BRL 11,028 million a year ago. Operating result was BRL 17,552 million against BRL 16,289 million a year ago.

For the year 2013, the company expects to report BRL 460.961 million investment. For the year, the company expects insurance premium to range between 12% and 15%.