SAO PAULO Feb 16 Banco do Brasil SA, the
country's largest bank by assets, missed fourth-quarter profit
estimates on Thursday as a bigger-than-expected jump in
loan-loss provisions offset resilient interest and fee income.
The Brasilia-based, state-controlled lender earned 1.747
billion reais ($572 million) in recurring net income, below the
average consensus estimates of 1.927 billion reais compiled by
Thomson Reuters. The measure of profit before one-time items
dropped 25 percent from the third quarter.
Recurring return on equity slumped to 7.2 percent, the
lowest in at least seven years. It came in at below the 8.2
percent consensus estimate for ROE in the fourth quarter.
($1 = 3.0565 reais)
(Reporting by Guillermo Parra-Bernal; editing by John