Itau Unibanco Holding (ITUB) Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for Itau Unibanco Holding.

Q4 2025

→

Analyst Coverage

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

Carlos Gomez-Lopez

HSBC

6 questions for ITUB

Also covers: BAP, BBAR, BBD +9 more

Daniel Vaz

Banco Safra

6 questions for ITUB

Also covers: BAP, BBD, BSBR +5 more

Renato Meloni

Autonomous Research

6 questions for ITUB

Also covers: BAP, BBD, BDORY +3 more

Thiago Bovolenta Batista

UBS

6 questions for ITUB

Also covers: BAP, BBD, BSBR +3 more

Bernardo Guttmann

XP Inc.

5 questions for ITUB

Also covers: BBD, BDORY, TIMB +3 more

Mario Pierry

Bank of America

5 questions for ITUB

Also covers: BBD, BDORY, BSBR +5 more

Tito Labarta

Goldman Sachs

5 questions for ITUB

Also covers: BAP, BBAR, BBD +14 more

Yuri Fernandes

JPMorgan Chase & Co.

5 questions for ITUB

Also covers: AVAL, BAP, BBD +13 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

Brian Flores

Citigroup Inc.

2 questions for ITUB

Also covers: BAP, BBAR, BBD +6 more

Gustavo Schroden

Citigroup

2 questions for ITUB

Also covers: BBD, BDORY, BSBR +5 more

Jorge Kuri

Morgan Stanley

2 questions for ITUB

Also covers: BBD, BDORY, BSBR +3 more

Marcelo Mizzachi

Bradesco

2 questions for ITUB

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

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

Also covers: BSBR

Nicio

Ingenia

1 question for ITUB

Latest news

Recent press releases and 8-K filings for ITUB.

Itaú Unibanco Holding S.A. Reports Strong Full-Year 2025 Financial Results

ITUB

Earnings

Revenue Acceleration/Inflection

Itaú Unibanco Holding S.A. reported a net income attributable to owners of the parent company of R$44,857 million for the full year 2025, an increase from R$41,085 million in 2024.
The company achieved a Recurring Result of R$45.4 billion and a Recurring Return on Equity (ROE) of 21.8% for 2025.
Net interest income grew by 8.6% to R$120.0 billion in 2025, contributing to a R$1.5 trillion credit portfolio which expanded across all segments.
The efficiency ratio improved by 70 basis points to 38.8% in 2025, while expected credit loss from financial assets decreased by 10.8%.

14 hours ago

6-K

Itaú Unibanco Holding S.A. Reports Q4 2025 Risk and Capital Management Metrics

ITUB

Itaú Unibanco Holding S.A. reported a Total Capital Ratio of 15.2%, a Tier I Ratio of 13.8%, and a Common Equity Tier I Ratio of 12.3% as of December 31, 2025.
The bank's Total Capital (PR) reached R$ 228,589 million with Risk-Weighted Assets (RWA) of R$ 1,505,475 million on December 31, 2025.
The average Liquidity Coverage Ratio (LCR) for Q4 2025 was 215.0%, which is significantly above the 100% regulatory limit, demonstrating strong liquidity resources.
The Standardized Approach metric for market risk (RWAMPAD) remained stable relative to the prior quarter, totaling R$ 61,438 million on December 31, 2025.

14 hours ago

6-K

Itaú Unibanco Reports Strong Q4 and Full-Year 2025 Results

ITUB

Earnings

Revenue Acceleration/Inflection

Itaú Unibanco reported a Recurring Managerial Result of R$12,317 million in Q4 2025, a 13.2% increase compared to Q4 2024, with the full-year 2025 result reaching R$46,830 million, up 13.1% from 2024.
The annualized consolidated Recurring Managerial Return on Average Equity (ROAE) was 24.4% in Q4 2025 and 23.4% for the full year 2025.
The Efficiency Ratio (ER) improved to 38.9% in Q4 2025 from 40.7% in Q4 2024, and was 38.8% for the full year 2025, down from 39.5% in 2024.
The Nonperforming Loans Ratio (90 days overdue) remained stable at 1.9% in Q4 2025.
Financial Margin with Clients grew 1.5% quarter-over-quarter to R$30,930 million in Q4 2025, and 12.1% year-over-year to R$121,128 million for the full year 2025.

14 hours ago

6-K

Itau Unibanco Holding S.A. Announces Q4 and Full Year 2025 Results and 2026 Guidance

ITUB

Earnings

Guidance Update

Revenue Acceleration/Inflection

Itau Unibanco Holding S.A. reported a Recurring Managerial Result of R$12.3 billion for Q4 2025, marking a 13.2% increase compared to Q4 2024, and a full-year 2025 result of R$46.8 billion, up 13.1% from 2024.
The company achieved a Recurring Managerial ROE of 24.4% in Q4 2025 and 23.4% for the full year 2025 , alongside a consolidated Efficiency Ratio of 38.9% in Q4 2025.
As of December 31, 2025, Itau Unibanco's total assets reached BRL 3,096 billion and its loan portfolio stood at BRL 1,490.8 billion.
For 2026, the company projects total credit portfolio growth between 5.5% and 9.5%, financial margin with clients growth between 5.0% and 9.0%, and non-interest expenses growth between 1.5% and 5.5%.

1 day ago

6-K

Itaú Unibanco Holding S.A. Approves New Stock Buyback Program

ITUB

Share Buyback

Itaú Unibanco Holding S.A.'s Board of Directors approved a new stock buyback program on February 4, 2026, which will be effective until August 4, 2027.
The program authorizes the purchase of up to 200,000,000 preferred shares, equivalent to approximately 3.74% of the preferred shares in the free float as of December 31, 2025.
The purposes of the buyback include providing shares for employee and management compensation and incentive plans, and canceling shares issued by the Company.
The buybacks will be carried out on stock exchanges at market value and intermediated by Itaú Corretora de Valores S.A..
As of December 31, 2025, the company had BRL 2,873,374,501.30 in Capital Reserves and BRL 57,106,300,244.18 in Revenue Reserves available for the buyback.

1 day ago

6-K

Itaú Unibanco Reports Strong 2025 Financial Results and Issues 2026 Guidance

ITUB

Earnings

Guidance Update

Dividends

Itaú Unibanco reported a recurring managerial result of R$46.8 billion in 2025, marking a 13.1% year-over-year profit growth, with an ROE of 23.4%.
The bank's loan portfolio expanded by 6.0% to R$1.5 trillion in 2025, while delinquency indicators reached their best historical levels, with the 90-day NPL ratio decreasing by 10 basis points to 1.9%.
Non-interest expenses increased by 7.5% to R$66.8 billion in 2025, yet the efficiency ratio in Brazil reached 36.9%, its lowest level for a fourth quarter in the historical series.
The company distributed R$33.7 billion in dividends and interest on capital in 2025, representing a payout of 72.0%, and also disclosed its 2026 consolidated forecast.

1 day ago

6-K

Itaú Unibanco Holding S.A. Approves New Stock Buyback Program

ITUB

Share Buyback

Executive Compensation

Itaú Unibanco Holding S.A.'s Board of Directors approved a new stock buyback program on February 4, 2026, authorizing the buyback of up to 200,000,000 preferred shares.
The new program is effective from February 5, 2026, to August 4, 2027, with acquisitions to be carried out on stock exchanges at market value.
The purposes of the buyback include providing shares for employee and management compensation models and long-term incentive plans, as well as canceling issued shares.
As of December 31, 2025, the company had R$2,873,374,501.30 in Capital Reserves and R$57,106,300,244.18 in Revenue Reserves available for the buyback.

1 day ago

6-K

ITUB Reports Strong Q4 2025 Results and Provides 2026 Guidance

ITUB

Earnings

Guidance Update

Dividends

ITUB reported strong Q4 2025 financial results, with net income of BRL 12.3 billion, representing 3.7% quarter-over-quarter and 13.2% year-over-year growth. The consolidated ROE was 24.4%, and the efficiency ratio reached a best-ever 38.9% consolidated and 36.9% in Brazil.
The loan portfolio grew 6.3% quarter-over-quarter to BRL 1,490.8 billion , driven by strong performance in private payroll loans, which grew 27.5% in the quarter and 36% year-over-year, achieving market leadership. Assets under management and administration reached BRL 4.1 trillion with record net inflows of BRL 156 billion in 2025.
For 2026, ITUB provided guidance including total credit portfolio growth of 5.5% to 9.5%, net interest income with clients growth of 5% to 9%, and non-interest expenses growth of 1.5% to 5.5%. The cost of credit is projected between BRL 38.5 billion and BRL 43.5 billion.
The company maintained a strong capital position with a CET1 ratio of 12.3% as of December 2025 and distributed a total payout of BRL 33.7 billion in 2025, representing a 72% payout ratio.

2 days ago

Transcript

Itaú Unibanco Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Guidance

ITUB

Earnings

Guidance Update

Dividends

Itaú Unibanco reported a net income of BRL 12.3 billion for Q4 2025, representing a 13.2% year-over-year increase, with a consolidated ROE of 24.4%.
For the full year 2025, the bank achieved a consolidated net income of BRL 46.8 billion and significantly improved its efficiency ratio from 44% in 2021 to 38.8%.
The company demonstrated strong shareholder returns, distributing a total of BRL 33.7 billion in dividends and interest on own capital in 2025, equating to a 72% payout ratio.
Itaú Unibanco provided 2026 guidance, projecting total credit portfolio growth between 5.5% and 9.5% and net interest income with clients growth between 5% and 9%.
Ongoing strategic investments in technology and digital transformation led to a 99% reduction in incidents and a 45% reduction in unit transaction cost, driving efficiency and scalability.

2 days ago

Transcript

Itaú Unibanco Reports Q4 2025 Results and Provides 2026 Guidance

ITUB

Earnings

Guidance Update

Dividends

Itaú Unibanco reported a consolidated net income of BRL 46.8 billion for 2025, with Return on Equity (ROE) expanding to 23.4% and an efficiency ratio improving to 38.9%.
The bank distributed BRL 33.7 billion in dividends and interest on own capital in 2025, achieving a 72% payout ratio.
For 2026, guidance includes total credit portfolio growth of 5.5% to 9.5%, net interest income with clients growth of 5% to 9%, and non-interest expenses growth of 1.5% to 5.5%.
Significant investments in technology resulted in a 99% reduction in incidents, a 2,600% increase in delivery speed, and a 45% reduction in unit transaction cost.
The bank implemented reporting reclassifications for 2025 to align with management views, with the BRL 46.8 billion recurring managerial net income for 2025 remaining unchanged.