ITUB
Itaú Unibanco Holding S.A.
Price as of Jul 20, 2026
ITUB earnings
Itaú Unibanco Holding S.A. earnings
Reported EPS and revenue history, upcoming estimates and available earnings-call summaries.
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $0.22 | $0.20 | -9.1% | $8.9B | -5.6% |
| Feb 4, 2026 | $0.20 | $0.17 | -15.0% | $16.7B | +85.9% |
| May 8, 2025 | $0.16 | $0.18 | +12.5% | $16.3B | +113.5% |
| Feb 7, 2023 | $0.16 | $0.15 | -6.3% | $15.9B | +120.4% |
| Nov 10, 2022 | $0.16 | $0.16 | +0.0% | $12.5B | +81.5% |
| Feb 10, 2022 | $0.12 | $0.13 | +8.3% | $10.4B | +80.6% |
| Nov 4, 2021 | $0.13 | $0.13 | +0.0% | $5.4B | -13.8% |
| May 4, 2021 | $0.11 | $0.12 | +9.1% | $27.5B | +16.1% |
| Feb 1, 2021 | $0.11 | $0.13 | +18.2% | $35.1B | +17.9% |
| Nov 3, 2020 | $0.10 | $0.10 | +0.0% | $24.3B | -0.3% |
| May 4, 2020 | $0.13 | $0.08 | -38.5% | $11.8B | -56.6% |
| Feb 10, 2020 | $0.18 | $0.22 | +22.2% | $32.0B | +27.9% |
Earnings call summary
Q4 FY2025 · February 6, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Client centricity, cultural and digital transformation ongoing. • Risk management as competitive advantage, integrated across business areas. • Strict capital allocation discipline. • Technology platform modernization with decommissioning of legacy systems and cloud-based data mesh. • Strategic cost management with efficiency ratio improving. • Stakeholder satisfaction: eNPS 83, consolidated NPS record highs. • Retail banking: migrated 15M clients to Super App, strong product launches. • Insurance: recurring results up 130% from 2021. • Corporate: BRL 1T transaction volume in acquiring, market leadership in fixed income. • Wholesale: leadership in various areas, Infrastructure and Energy segment growth. • Wealth Management: BRL 4.1T assets under management, open platform growth.
Guidance
• 2026 total credit portfolio growth expected 5.5%-9.5%, Brazil 6.5%-10.5%. • Net interest income with clients growth 5%-9%, market NII BRL 2.5B-BRL 5.5B. • Cost of credit BRL 38.5B-BRL 43.5B. • Commissions, fees and insurance growth 5%-9%. • Noninterest expenses growth 1.5%-5.5%. • Effective tax rate 29.5%-32.5%.
Segment performance
The loan portfolio grew by 40% during the period. ROE rose from 19.3% in 2021 to 23.4% in 2025. Efficiency ratio improved from 44% to 38.8%. Net income was BRL 46.8 billion in 2025 with value creation of BRL 18.5 billion. Loan portfolio reached BRL 1,490.8 billion. Net interest margin with clients grew 8.6% year-over-year. Services and insurance totaled BRL 15.6 billion. Efficiency ratio was 38.9% consolidated and 36.9% in Brazil.
Risks & headwinds
• Macroeconomic uncertainties, including election-related volatility. • Interest rate changes impacting portfolio and margins. • Competition from incumbent peers and fintechs. • Potential impact on delinquency if interest rates don't adjust as expected.
Analyst Q&A
Q: Concerns about profitability and capital leverage.
A: ROI expected to remain strong, capital allocation disciplined with buffer for flexibility.
Q: Efficiency and future investments.
A: Investments in technology to drive productivity and growth, mix of investments in new businesses and process improvement.
Q: Credit growth guidance and segments.
A: Growth guidance reflects uncertainty, segments expected to grow with quality and discipline.
Q: Delinquency and 2026 outlook.
A: Delinquency indicators well behaved, no major concerns but dynamic scenario possible.
Q: AI impact on costs and revenues.
A: AI to drive efficiency and revenue growth through improved client experience and scalability.
Q: Government programs and AI potential.
A: Government programs like FGI impact, AI as key enabler for future growth.
Earnings history is derived from company filings and calendar data. Call summaries are grouped by reporting period. Latest covered event: 2026-08-04.