Itau Unibanco Holding SA
NYSE:ITUB
Itau Unibanco Holding SA
Itaú Unibanco Holding SA provides financial products and services to individual and corporate clients in Brazil and abroad. The company is headquartered in Sao Paulo, Sao Paulo. The company went IPO on 2002-12-30. The Company’s activities are divided into three business segments: Retail Business, Wholesale Business, and Activities with the Market and Corporations. The Retail Business segment’s offering includes personal loans, credit cards, payroll deducted loans, vehicle financing, mortgage loans, insurance, pension plan and premium bond products. The Wholesale Business segment offers services and products to private banking clients, such as asset management, capital market solutions, corporate and investment banking activities. The Activities with the Market and Corporations Business segment manages interest income associated with the Company’s capital surplus, subordinated debt surplus and the net balance of tax credits and debits. Itau Unibanco Holding serves individuals and corporate clients.
Itaú Unibanco Holding SA provides financial products and services to individual and corporate clients in Brazil and abroad. The company is headquartered in Sao Paulo, Sao Paulo. The company went IPO on 2002-12-30. The Company’s activities are divided into three business segments: Retail Business, Wholesale Business, and Activities with the Market and Corporations. The Retail Business segment’s offering includes personal loans, credit cards, payroll deducted loans, vehicle financing, mortgage loans, insurance, pension plan and premium bond products. The Wholesale Business segment offers services and products to private banking clients, such as asset management, capital market solutions, corporate and investment banking activities. The Activities with the Market and Corporations Business segment manages interest income associated with the Company’s capital surplus, subordinated debt surplus and the net balance of tax credits and debits. Itau Unibanco Holding serves individuals and corporate clients.
Profitability: Itaú Unibanco delivered record annual net income of BRL 46.8 billion in 2025, with a robust Q4 net income of BRL 12.3 billion and return on equity expanding to 24.4% consolidated and 27.3% in Brazil.
Efficiency: The bank significantly improved its efficiency ratio to 38.9% consolidated and 36.9% in Brazil, achieving strong operational scale and cost discipline, with noninterest expense growth aligned to guidance.
Loan Growth: The total loan portfolio grew by 6% in 2025, reaching BRL 1,490.8 billion, with standout performance in mortgages (12.8% growth), SMEs, and private payroll loans (up 36% YoY).
Dividend Payout: Itaú distributed BRL 33.7 billion in 2025, representing a 72% payout ratio, enabled by strong capital generation and a CET1 ratio of 12.3%.
2026 Guidance: For 2026, the bank guides for credit portfolio growth of 5.5–9.5%, net interest income with clients growth of 5–9%, and noninterest expense growth of 1.5–5.5%, with the midpoint below projected inflation.
Asset Quality: Delinquency metrics remain well-controlled, with individual delinquency at historical lows and credit cost stable at 2.6% of portfolio.
Technology & AI: Years of technology investment have reduced operational incidents by 99% and transaction unit costs by 45%; AI is driving product launches, process optimization, and client experience improvements.
