Itaú Unibanco Approves 3% Stock Bonus and BRL 12.85 Billion Capital Increase

Itau Unibanco ( (ITUB) ) has shared an announcement.

On December 18, 2025, Itaú Unibanco’s board approved a BRL 12.85 billion increase in subscribed and paid‑in capital, raising it from BRL 124.06 billion to BRL 136.91 billion by capitalizing statutory revenue reserves, a move that reshuffles balance‑sheet accounts without changing shareholders’ equity. As part of this capitalization, the bank will issue 321.17 million new book‑entry shares—163.62 million common and 157.55 million preferred—as a 3% stock bonus, granting three new shares of the same type for every 100 held, including treasury shares, with record dates set for December 23, 2025 in Brazil and December 29, 2025 in the U.S.; the bonus shares will carry full rights to earnings from December 30, 2025, monthly interest on capital per share will remain unchanged (raising the total cash outlay by 3%), fractional shares will be pooled and auctioned on B3 after a trading window in January–February 2026, and Itaú’s NY‑listed ADRs will receive an equivalent 3% bonus, preserving the 1:1 ratio with preferred shares. This operation effectively rewards shareholders with additional equity while signaling balance‑sheet strength and maintaining existing dividend and interest-on-capital policies, potentially improving liquidity in both Brazilian and U.S. markets without diluting overall ownership value.

The most recent analyst rating on (ITUB) stock is a Hold with a $8.50 price target. To see the full list of analyst forecasts on Itau Unibanco stock, see the ITUB Stock Forecast page.

Spark’s Take on ITUB Stock

According to Spark, TipRanks’ AI Analyst, ITUB is a Neutral.

Itau Unibanco’s overall stock score is driven by strong financial performance in terms of revenue growth and profitability, despite challenges with leverage and cash flow. The technical analysis supports a positive trend, and the valuation is attractive with a reasonable P/E ratio and high dividend yield. The absence of earnings call and corporate events data limits further insights.

To see Spark’s full report on ITUB stock, click here.

More about Itau Unibanco

Itaú Unibanco Holding S.A. is a leading Brazilian financial institution operating primarily in banking and financial services, with a broad portfolio that includes retail and wholesale banking, credit, investment and wealth management products. The group serves individual and corporate clients in Brazil and abroad and is a major Latin American player, with its shares and ADRs actively traded in the local and U.S. capital markets.

Average Trading Volume: 24,356,181

Technical Sentiment Signal: Strong Buy

Current Market Cap: $72.6B

See more insights into ITUB stock on TipRanks’ Stock Analysis page.