B3 · BRL

BNBR3

Banco do Nordeste do Brasil S.A.

R$110.00+1.83% (R$1.98)Updated 9/30/26, 6:31 PM

Day's range: R$110.00 – R$110.00
Day's volume: R$11K
52-week range: R$97.52 – R$129.74

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BNBR3 in numbers

Market cap: R$10.9B

P/E: 0.49

P/B: 0.08

Dividend yield (12m): 6.30%

The 12-month dividend yield of BNBR3 is 6.30%, below its 5-year average of 7.21%.

BNBR3 price history

10/01/202509/30/2026

Compare with

BNBR3 risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+13.72%	+42.05%	+110.19%
Volatility (annualized)	18.18%	23.56%	23.74%
Largest drawdown	-13.01%	-19.38%	-19.38%
Positive months	8/12	20/36	34/60

How much did investing in BNBR3 return?

Amount invested

R$1,000.00 invested on 09/01/2021 would be worth R$2,182.58 today.

Value today in BNBR3: R$2,182.58

Return over the period: +118.26%

Return per year: +16.90%

In the Ibovespa: R$1,657.66

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

BNBR3 fundamentals

Valuation

P/E
0.49
P/B
0.08
EV/EBITDA
—
EV/EBIT
—
EV/Revenue
1.02
P/EBIT
—
P/S
1.02
P/OCF
1.50
P/FCF
1.67
Earnings yield
—
PEG ratio
0.26
Earnings per share
R$223.65
Book value per share
R$1,363.78

Debt

Net debt
—
Net debt/EBITDA
—
Net debt/Equity
—
Debt/Equity
—
Current ratio
1.26
Quick ratio
0.16
Cash ratio
—

Efficiency

Gross margin
42.90%
EBITDA margin
—
Operating margin
—
Net margin
25.85%
Asset turnover
0.13

Profitability

ROE
16.40%
ROA
3.40%
ROIC
—
Payout
3.10%

Growth

Revenue CAGR (5 years)
22.12%
Earnings CAGR (5 years)
9.78%
Revenue growth (year)
21.72%
Earnings growth (year)
31.63%
Revenue growth (quarter)
17.75%
Earnings growth (quarter)
1.89%

What is BNBR3's fair price?

Two classic value formulas, with today's numbers. The current price is R$110.00.

Graham's fair price: R$2,619.68; 2,281.53% above the price

√(22.50 × R$223.65 × R$1,363.78)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: R$111.49; 1.35% above the price

R$6.69 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

BNBR3's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	0.44	0.53	0.64	3.21	3.89	6.44	—	—
P/B	0.08	0.09	0.13	0.72	0.84	1.06	—	—
Dividend yield	5.49%	5.98%	8.79%	9.29%	6.54%	6.10%	3.88%	7.41%
Earnings per share	R$250.12	R$190.02	R$170.20	R$23.33	R$18.74	R$11.80	R$0.00	R$0.00
Book value per share	R$1,303.20	R$1,131.65	R$868.62	R$104.16	R$86.59	R$71.46	—	—
ROE	19.19%	16.79%	19.59%	22.40%	21.64%	16.51%	—	—
Gross margin	50.51%	47.50%	45.96%	45.53%	63.30%	57.57%	45.68%	30.07%
Net margin	30.51%	28.21%	24.52%	24.51%	32.34%	25.83%	0.00%	0.00%

BNBR3's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	R$10.1B	R$8.3B	R$8.6B	R$8.2B	R$5B	R$3.9B
Cost of revenue	-R$5B	-R$4.4B	-R$4.6B	-R$4.5B	-R$1.8B	-R$1.7B
Gross profit	R$5.1B	R$3.9B	R$3.9B	R$3.7B	R$3.2B	R$2.3B
EBITDA	—	—	—	—	—	—
EBIT	—	—	—	—	—	—
Financial result	—	—	—	—	—	—
Income before tax	R$4.9B	R$4.3B	R$3.4B	R$3.3B	R$2.8B	R$1.6B
Income tax	-R$1.5B	-R$1.7B	-R$1.2B	-R$1.2B	-R$1.1B	-R$502.2M
Net income	R$3.1B	R$2.3B	R$2.1B	R$2B	R$1.6B	R$1B

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

BNBR3 against its sector

The same indicators for the company's other shares and the sector's largest stocks.

Stock	P/E	P/B	Dividend yield (12m)	ROE	Market cap
BNBR3Banco Nordeste Do Brasil	0.49	0.08	6.30%	16.40%	R$10.9B
ITUB4ITAU UNIBANCO HOLDING S.A.	10.43	2.24	7.15%	21.50%	R$511.8B
ITUB3ITAU UNIBANCO HOLDING S.A.	11.41	2.45	6.53%	21.50%	R$511.8B
BPAC3BCO BTG PACTUAL S.A.	15.68	3.48	1.91%	22.20%	R$271.9B
BPAC5BCO BTG PACTUAL S.A.	13.14	2.92	2.28%	22.20%	R$271.9B
BBDC4BCO BRADESCO S.A.	7.92	1.08	6.80%	13.66%	R$183.9B
BBDC3BCO BRADESCO S.A.	6.94	0.95	7.05%	13.66%	R$183.9B

Does BNBR3 pay dividends?

Dividend yield per year

6.00%2017
7.41%2018
3.88%2019
6.10%2020
6.54%2021
9.29%2022
8.79%2023
5.98%2024
5.49%2025
6.30%2026

Payment history
Type	Last day to own	Payment	Per share
Interest on equity	08/19/2026	08/26/2026	R$2.69
Interest on equity	03/23/2026	03/30/2026	R$4.10
Income	03/23/2026	03/30/2026	R$0.14
Interest on equity	08/20/2025	08/27/2025	R$2.78
Interest on equity	02/19/2025	02/26/2025	R$3.19
Income	02/19/2025	02/26/2025	R$0.06
Interest on equity	08/26/2024	09/02/2024	R$2.81
Income	03/26/2024	04/03/2024	R$0.09
Interest on equity	03/26/2024	04/03/2024	R$3.16
Interest on equity	08/24/2023	08/31/2023	R$2.53
Interest on equity	03/31/2023	04/06/2023	R$3.54
Interest on equity	12/30/2022	04/06/2023	R$3.54

See all 113 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Interest on equity	08/26/2022	09/06/2022	R$1.93
Dividend	03/28/2022	04/07/2022	R$0.11
Interest on equity	03/28/2022	04/07/2022	R$2.44
Dividend	03/28/2022	04/06/2022	R$0.11
Interest on equity	03/28/2022	04/06/2022	R$2.37
Dividend	10/29/2021	11/10/2021	R$0.09
Interest on equity	10/29/2021	11/10/2021	R$1.88
Interest on equity	03/31/2021	04/12/2021	R$2.80
Dividend	03/27/2020	04/30/2020	R$0.00
Interest on equity	03/27/2020	04/13/2020	R$1.92
Dividend	03/27/2020	04/08/2020	R$0.78
Interest on equity	03/27/2020	04/08/2020	R$1.94
Interest on equity	08/19/2019	08/28/2019	R$1.93
Dividend	08/19/2019	08/28/2019	R$0.20
Interest on equity	04/25/2019	05/08/2019	R$1.56
Interest on equity	08/16/2018	08/29/2018	R$0.62
Interest on equity	03/26/2018	04/10/2018	R$1.11
Interest on equity	03/26/2018	04/09/2018	R$1.09
Interest on equity	08/11/2017	08/29/2017	R$0.80
Interest on equity	03/24/2017	04/11/2017	R$1.42
Interest on equity	08/11/2016	08/29/2016	R$0.63
Interest on equity	03/31/2016	04/22/2016	R$0.21
Interest on equity	08/05/2015	08/28/2015	R$0.62
Interest on equity	03/31/2015	04/15/2015	R$0.87
Dividend	03/31/2015	04/15/2015	R$4.13
Interest on equity	08/14/2014	08/28/2014	R$0.87
Dividend	08/14/2014	08/28/2014	R$0.39
Interest on equity	03/28/2014	04/09/2014	R$0.57
Dividend	07/31/2013	08/14/2013	R$1.19
Interest on equity	03/22/2013	04/09/2013	R$0.71
Interest on equity	03/30/2012	04/17/2012	R$0.08
Dividend	04/01/2011	04/15/2011	R$0.97
Interest on equity	04/01/2011	04/15/2011	R$0.12
Interest on equity	12/20/2010	12/29/2010	R$0.55
Interest on equity	08/06/2010	08/23/2010	R$0.64
Interest on equity	03/30/2010	04/14/2010	R$0.82
Dividend	03/30/2010	04/14/2010	R$1.44
Interest on equity	08/07/2009	08/21/2009	R$0.38
Dividend	03/30/2009	04/14/2009	R$0.65
Interest on equity	03/30/2009	04/14/2009	R$0.54
Dividend	08/08/2008	08/21/2008	R$0.64
Interest on equity	08/08/2008	08/21/2008	R$0.54
Dividend	03/17/2008	04/04/2008	R$0.02
Interest on equity	08/22/2007	09/05/2007	R$0.05
Income	03/31/2023	—	R$0.12
Income	03/31/2021	—	R$0.02
Income	03/27/2020	—	R$0.01
Interest on equity	04/25/2019	—	R$1.52
Income	03/31/2015	—	R$0.03
Income	03/31/2015	—	R$0.13
Dividend	03/31/2015	—	R$4.00
Income	03/28/2014	—	R$0.01
Interest on equity	03/28/2014	—	R$0.55
Interest on equity	07/31/2013	—	R$0.75
Income	03/22/2013	—	R$0.00
Income	03/22/2013	—	R$0.01
Dividend	03/22/2013	—	R$0.01
Interest on equity	03/22/2013	—	R$0.70
Dividend	08/14/2012	—	R$0.61
Interest on equity	08/14/2012	—	R$0.74
Interest on equity	08/11/2011	—	R$0.70
Dividend	08/11/2011	—	R$1.01
Income	04/01/2011	—	R$0.00
Income	04/01/2011	—	R$0.03
Interest on equity	04/01/2011	—	R$0.12
Dividend	04/01/2011	—	R$0.94
Income	03/30/2010	—	R$0.02
Income	03/30/2010	—	R$0.03
Income	03/30/2009	—	R$0.02
Income	03/30/2009	—	R$0.02
Income	03/17/2008	—	R$0.00
Income	03/17/2008	—	R$0.00
Interest on equity	03/17/2008	—	R$0.06
Income	03/27/2007	—	R$0.00
Interest on equity	03/27/2007	—	R$0.09
Dividend	07/28/2006	—	R$0.01
Income	03/28/2006	—	R$0.00
Dividend	03/28/2006	—	R$0.03
Income	03/31/2005	—	R$0.00
Dividend	03/31/2005	—	R$0.04
Dividend	07/28/2004	—	R$0.02
Income	03/26/2004	—	R$0.00
Dividend	03/26/2004	—	R$0.02
Dividend	09/05/2003	—	R$0.01
Income	08/13/2001	—	R$0.00
Dividend	08/13/2001	—	R$0.03
Income	05/10/2001	—	R$0.00
Dividend	05/10/2001	—	R$0.09
Income	08/30/2000	—	R$0.00
Dividend	08/30/2000	—	R$0.09
Income	01/26/2000	—	R$0.00
Dividend	01/26/2000	—	R$0.15
Income	07/26/1999	—	R$0.00
Dividend	07/26/1999	—	R$0.10
Dividend	01/22/1999	—	R$0.14
Dividend	07/23/1998	—	R$0.16
Dividend	01/26/1998	—	R$0.21
Dividend	08/04/1997	—	R$0.21
Dividend	01/27/1997	—	R$0.19
Dividend	07/31/1996	—	R$0.50
Dividend	02/06/1996	—	R$0.69

Splits, reverse splits and bonus shares
Event	Last day to own	Ratio
Reverse split	07/11/2008	0.0001 for 1
Bonus shares	02/20/1990	1.00% in shares

About Banco Nordeste Do Brasil

Sector: Serviços Financeiros
Segment: Bancos
Listing segment: Traditional
Tag along: 80.00%
Free float: 0.63%
Shares issued: 98.7M common
Average daily trading: R$27K
Listed since: 05/02/1968
CNPJ: 07.237.373/0001-20

O Banco do Nordeste do Brasil S.A. é uma sociedade de economia mista e banco de desenvolvimento regional com sede em Fortaleza, voltado ao financiamento de atividades produtivas na área de atuação do Nordeste, norte de Minas Gerais e Espírito Santo. A instituição opera como banco múltiplo, com crédito para empresas, agronegócio e pessoas físicas, além de administrar instrumentos de política pública, como linhas de microcrédito produtivo e recursos de fundos constitucionais. No sistema financeiro brasileiro, o BNB tem papel relevante na execução de políticas de desenvolvimento regional e inclusão financeira, com rede de agências e unidades de atendimento em milhares de municípios. O resultado da companhia é influenciado por juros, inadimplência, orçamento de programas públicos e demanda por crédito regional. As ações ordinárias são negociadas na B3 pelo ticker BNBR3.

Investor website

ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
Shareholder	Common	Preferred	Total
União FederalControlling	62.21%	0.00%	62.21%
FINANCIADORA DE ESTUDOS E PROJETOS (FINEP)	30.88%	0.00%	30.88%
BB FGO PRONAMPE FUNDO DE INVESTIMENTO EM AÇÕES	6.29%	0.00%	6.29%
Outros	0.63%	0.00%	0.63%

Questions about BNBR3

How much is BNBR3 today?

BNBR3 is at R$110.00 (1.83% on the day), last traded on 09/30/2026.

How much did BNBR3 pay in dividends in 2025?

BNBR3 paid R$6.04 per share in 2025, a dividend yield of 5.49%.

What are the P/E and P/B of BNBR3?

BNBR3 trades at a P/E of 0.49 and a P/B of 0.08.

How much did BNBR3 return in 12 months?

BNBR3 returned 13.72% in 12 months, with annualized volatility of 18.18% and a largest drawdown of -13.01%.

What sector is BNBR3 in?

Banco Nordeste Do Brasil is in the Serviços Financeiros sector, Bancos segment.