Moody's Local assigns AA.br rating to Banco Mercantil stock

Published on 10/25/2026 at 03:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AA.br marks Banco Mercantil stock, with 10.2 million customers. Profit reached BRL 1.008 billion in fiscal year 2025, up 446 percent since 2021.

Ratings and operating scale

Moody's Local assigned AA.br ratings to Banco Mercantil on October 14, 2026.
Net income rose 446 percent from 2021 to 2025 and reached BRL 1.008 billion.
Banco Mercantil served 10.2 million customers and managed a BRL 25 billion loan portfolio in the second quarter of 2026.

Banco Mercantil, BRBMEBACNOR8, Illustration mit AI erstellt.

Banco Mercantil (BRBMEBACNOR8) received issuer and deposit ratings of AA.br with a stable outlook on October 14, 2026, in the latest credit signal for the Brazilian bank. Finance News reported that Moody's Local Brasil also assigned the short-term deposit rating ML A-1.br.

AA.br marks a strategic shift

The rating agency linked the assessment to Banco Mercantil's concentration on customers over 50, especially retirees and pension recipients of Brazil's INSS system. Moody's Local also cited stronger profitability, high spreads, wider customer monetization and operating efficiency in its October 14, 2026 assessment.

The bank's operating scale gives that rating context. Its investor-relations page lists 10.2 million total customers, a BRL 25 billion loan portfolio and BRL 275 million in net income for the second quarter of 2026. Banco Mercantil also reports a 41.4 percent return on average equity over the last twelve months.

What supports the rating?

Profitability has expanded sharply over a longer period. Valor Economico reported that net income increased 446 percent from BRL 184 million in 2021 to BRL 1.008 billion in 2025. Over the same period, the customer base grew from 4 million to more than 10 million, while the credit portfolio rose from BRL 8.9 billion to BRL 25 billion.

The same report said the bank's average return on equity was 42.6 percent in the first half of 2026, with a 17.2 percent Basel ratio and 86 percent of funding originating through proprietary channels. Those figures explain why the rating announcement centers on capital, liquidity and internally sourced funding rather than on a single quarterly result.

Next corporate date

Banco Mercantil employees are scheduled to deliberate on the 2026 profit-sharing agreement at an extraordinary assembly on October 28, 2026, according to SindicarioNET. The date is an employee matter, but it is the next identified corporate milestone in the recent news flow.

Scale remains the investor context

Banco Mercantil combines a retail strategy aimed at customers over 50 with a BRL 25 billion credit portfolio and 10.2 million customers. The October rating therefore adds an external credit assessment to a growth story already visible in the bank's customer, earnings and funding figures.