Itau Unibanco Holding (ITUB) Company Report

Analyst Coverage

Research analysts who have asked questions during Itau Unibanco Holding earnings calls.

Carlos Gomez-Lopez

HSBC

4 questions for ITUB

Also covers: BAP, BBAR, BBD +8 more

Daniel Vaz

Banco Safra

4 questions for ITUB

Also covers: BAP, BBD, BSBR +5 more

Mario Pierry

Bank of America

4 questions for ITUB

Also covers: BBD, BDORY, BSBR +5 more

Renato Meloni

Autonomous Research

4 questions for ITUB

Also covers: BAP, BBD, BDORY +3 more

Thiago Bovolenta Batista

UBS

4 questions for ITUB

Also covers: BAP, BBD, BSBR +3 more

Bernardo Guttmann

XP Inc.

3 questions for ITUB

Also covers: BBD, BDORY, TIMB +3 more

Eduardo Rosman

BTG Pactual

3 questions for ITUB

Also covers: BBD, BDORY, BSBR +4 more

Nicolas Riva

Bank of America

3 questions for ITUB

Also covers: AVAL, BAP, BDORY +2 more

Tito Labarta

Goldman Sachs

3 questions for ITUB

Also covers: BAP, BBAR, BBD +14 more

Yuri Fernandes

JPMorgan Chase & Co.

3 questions for ITUB

Also covers: AVAL, BAP, BBD +13 more

Brian Flores

Citigroup Inc.

2 questions for ITUB

Also covers: BAP, BBAR, BBD +5 more

Gustavo Schroden

Citigroup

2 questions for ITUB

Also covers: BBD, BDORY, BSBR +5 more

Arnon Shirazi

BTG Pactual

1 question for ITUB

Also covers: BDORY, PAGS, XP

Daer Labarta

Goldman Sachs

1 question for ITUB

Also covers: BBD, BCH, BDORY +4 more

Eduardo Nicchio

JANEL

1 question for ITUB

Eduardo Nishio

Genial Investimentos

1 question for ITUB

Also covers: BBD, BDORY, BSBR

Enrique Navarro

Santander

1 question for ITUB

Also covers: BBD

Guilherme Grespan

JPMorgan Chase & Co.

1 question for ITUB

Also covers: DLO, PAX, STNE +1 more

Gustavo

Citibank

1 question for ITUB

Henrique Navarro

Banco Santander, S.A.

1 question for ITUB

Also covers: BBD, NU, XP

Jorge Echevarria Gonzalez

Morgan Stanley

1 question for ITUB

Jorge Kuri

Morgan Stanley

1 question for ITUB

Also covers: BBD, BDORY, BSBR +3 more

Marcelo Mischari

Bradesco

1 question for ITUB

Marcelo Mizrahi

Bradesco BBI

1 question for ITUB

Also covers: BAP, BSBR, INTR +2 more

Matheus Guimarães

XP Inc.

1 question for ITUB

Nicio

Ingenia

1 question for ITUB

Latest news

Recent press releases and 8-K filings for ITUB.

Itau Unibanco Holding S.A. Board approves capital increase and 3% bonus share issuance

ITUB

Dividends

Accounting Changes

The Board of Directors of Itau Unibanco Holding S.A. unanimously approved an increase in subscribed and paid-in capital by R$12,846,837,880.00, raising the total capital to R$136,909,898,070.00.
This capital increase is achieved through the capitalization of Revenue Reserves – Statutory Reserves recorded as of December 31, 2024.
The company will issue 3% bonus shares, totaling 321,170,947 new book-entry shares (163,623,582 common and 157,547,365 preferred), in a proportion of 3 new shares for every 100 shares held.
Shareholders of record on December 23, 2025 (Brazil) and December 29, 2025 (U.S.) will be entitled to these bonus shares, with trading ex-bonus rights beginning on December 26, 2025, in Brazil.
Monthly Interest on Capital (IoC) payments will remain at R$0.01765 per share (net R$0.015), but the total monthly amount distributed to stockholders will increase by 3% after the bonus shares are included in stockholding positions.

Dec 18, 2025, 10:37 PM

6-K

Itaú Unibanco Holding S.A. announces 3% bonus share distribution

ITUB

Dividends

Itaú Unibanco Holding S.A. (ITUB) approved a 3% bonus share distribution, issuing 321,170,947 new shares (163,623,582 common and 157,547,365 preferred) at a ratio of 3 new shares for every 100 shares held.
The company's subscribed and paid-in capital will increase by BRL12,846,837,880.00, from BRL124,063,060,190.00 to BRL136,909,898,070.00, through the capitalization of Revenue Reserves.
The record date for bonus shares is December 23rd, 2025 in Brazil and December 29th, 2025 in the U.S. for ADR holders, with shares trading "ex" bonus rights as of December 26th, 2025 in Brazil.
Monthly Interest on Capital (IoC) payments will remain at BRL0.01765 per share (net BRL0.015 per share), but the total monthly amount paid to stockholders will increase by 3% after the bonus shares are included. The cost attributed to the bonus shares is BRL40.00 per share.

Dec 18, 2025, 10:24 PM

Press Release

Itau Unibanco Holding S.A. announces capital increase and 3% bonus share distribution

ITUB

Dividends

Accounting Changes

Itau Unibanco Holding S.A.'s Board of Directors approved a 3% bonus share distribution and a capital increase on December 18, 2025.
The company's capital will increase by BRL12,846,837,880.00 to BRL136,909,898,070.00 through the capitalization of Revenue Reserves, which will not impact shareholders' equity.
Shareholders will receive 3 new shares for every 100 shares held, with the record date for Brazil being December 23, 2025, and for the U.S. (ADRs) December 29, 2025.
While monthly Interest on Capital (IoC) payments per share remain at BRL0.01765, the total amount paid to stockholders will increase by 3% due to the bonus shares.

Dec 18, 2025, 10:10 PM

6-K

Itaú Unibanco Holding S.A. Provides Updates on Legal Proceedings, Capital Structure, and Debt

ITUB

Legal Proceedings

Debt Issuance

Share Buyback

Itaú Unibanco Holding S.A. is involved in significant legal proceedings, including a tax assessment notice against Banco Itaucard S.A. for R$15,564,999,972.20 (September/2025) with a possible chance of loss of R$4,398,881,115.49, and another for R$36,528,121,217.03 (September/2025) related to the Itaú Holding and Unibanco Holding S.A. association.
On February 5, 2025, the Board of Directors approved a capital increase of R$33,334,060,190.00 through a share bonus, issuing 980,413,535 new book-entry shares based on the shareholding position at the end of March 17, 2025.
The company's Board of Directors also approved the cancellation of 78,850,638 book-entry preferred shares held in treasury on November 27, 2025, which were acquired through a share repurchase program.
As of November 27, 2025, the capital is represented by 10,705,698,245 book-entry shares, comprising 5,454,119,395 common shares and 5,251,578,850 preferred shares.
The Medium-Term Note Program includes a Fourteenth Issue with a 6.000% annual interest rate, with interest payments commencing August 27, 2025, and a liquidation date on the same day.

Dec 12, 2025, 3:22 PM

6-K

Itaú Unibanco Announces Dividend, Interest on Capital Payments, and Share Cancellation

ITUB

Dividends

Share Buyback

Itaú Unibanco Holding S.A. announced that its Board of Directors approved the payment of dividends in the amount of BRL1.868223 per share, payable on December 19, 2025.
The Board also approved Interest on Capital (IoC) in the amount of BRL0.369750 per share (gross), resulting in net interest of BRL0.3142875 per share, to be paid until April 30, 2026.
These payments, totaling BRL 23.4 billion, will consider the final stockholding position recorded on December 9, 2025.
Additionally, the company approved the cancellation of 78,850,638 preferred shares, valued at R$ 3 billion, which were acquired through its current Buyback Program.

Nov 28, 2025, 2:50 PM

6-K

Itaú Unibanco Declares Dividends and Interest on Capital, Announces Share Cancellation

ITUB

Dividends

Share Buyback

Itaú Unibanco's Board of Directors approved the payment of dividends in the amount of BRL1.868223 per share on December 19, 2025, and Interest on Capital (IoC) of BRL0.369750 per share (gross) or BRL0.3142875 per share (net) to be paid until April 30, 2026.
These payments, totaling BRL 23.4 billion, will be based on the final stockholding position recorded on December 9, 2025, with shares trading "ex-rights" as of December 10, 2025.
The company also approved the cancellation of 78,850,638 preferred shares, valued at R$ 3 billion, which were acquired through its current Buyback Program and held in treasury.
As a result of this cancellation, the share capital now comprises 10,705,698,245 book-entry shares, consisting of 5,454,119,395 common shares and 5,251,578,850 preferred shares.

Nov 28, 2025, 12:14 AM

Press Release

Itaú Unibanco announces repurchase of Tier 2 Subordinated Financial Bills

ITUB

Debt Issuance

Itaú Unibanco Holding S.A. will repurchase all of its Tier 2 Subordinated Financial Bills on November 13th, 16th, 18th, 19th, 24th, and December 2nd, 2025.
These Financial Bills were originally issued between November 12th and December 2nd, 2020, with maturities in November and December 2030.
The total amount of the repurchase is R$3.6 billion.
The estimated impact of this repurchase on the Company’s Tier 2 capital ratio is approximately 20 basis points, calculated on the capital base as of September 30, 2025.

Nov 12, 2025, 3:19 PM

6-K

Itaú Unibanco Holding S.A. Reports Q3 2025 Financial Results and Capital Adequacy

ITUB

Earnings

Debt Issuance

Itaú Unibanco Holding S.A. reported operating revenues of R$43,402 million for Q3 2025 and R$127,780 million for the nine months ended September 30, 2025.
Net income attributable to owners of the parent company was R$11,306 million for Q3 2025, with basic earnings per common and preferred share of R$1.05. For the nine months ended September 30, 2025, net income attributable to owners was R$32,950 million, and basic EPS was R$3.12.
As of September 30, 2025, the company's total assets were R$2,969,351 million, and total stockholders' equity was R$224,707 million.
The Total Capital Ratio (Basel Ratio) stood at 16.4% as of September 30, 2025, with a Common Equity Tier 1 ratio of 13.5% and a Tier 1 ratio of 14.8%. The company also reported a R$122,091 million surplus over the required minimum Total capital.
Subsequent to the quarter, on October 8, 2025, Itaú Unibanco Holding S.A. issued R$3 billion in Subordinated Perpetual Financial Bills, which are eligible to make up Supplementary Capital with an estimated impact of 0.2 percentage points on its Tier I capitalization index.

Nov 6, 2025, 7:14 PM

6-K

Itau Unibanco Holding S.A. Updates 2025 Guidance and Announces Board and Executive Officer Changes

ITUB

Guidance Update

Management Change

Board Change

Itau Unibanco Holding S.A. provided revised guidance for fiscal year 2025 results, noting deviations such as lower-than-expected loan portfolio growth, higher financial margin with clients, increased cost of credit due to a one-off event, higher non-interest expenses, and a more positive performance from the trading desk.
The company announced multiple changes to its Board of Directors and executive officers throughout 2025, with election dates in April, August, and October and investiture dates in June and October.
At the Board of Directors Meeting on October 30, 2025, Albano Manoel Almeida and Flavio Ribeiro Iglesias were elected as officers, and officer Thales Ferreira Silva was removed with immediate effect.
The inauguration of newly elected directors is pending approval from the Central Bank of Brazil.
PricewaterhouseCoopers Auditores Independentes Ltda. served as the independent auditors for the years ended 12/31/2024, 12/31/2023, and 12/31/2022.

Nov 5, 2025, 6:26 PM

6-K

Itau Unibanco Holding S.A. Reports Q3 2025 Results

ITUB

Earnings

Revenue Acceleration/Inflection

Dividends

Itau Unibanco Holding S.A. reported a Recurring Managerial Result of R$11,876 million for Q3 2025, representing a 3.2% increase from the previous quarter. For the first nine months of 2025, the result reached R$34.5 billion, up 13.1% year-over-year.
The company achieved a Recurring Managerial Return on Average Equity of 23.3% on a consolidated basis for Q3 2025.
The total credit portfolio grew by 0.9% in Q3 2025 to R$1,402,039 million, with an annual growth of 6.4%.
The Efficiency Ratio for Q3 2025 was 39.5% on a consolidated basis.
Stockholders' Equity increased by R$6.3 billion during the quarter to R$207,164 million, and the Tier I Capital Ratio stood at 14.8% as of September 30, 2025.