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

The latest announcement is out from Itau Unibanco ( (ITUB) ).

At a board meeting held on 18 December 2025, Itaú Unibanco’s directors unanimously approved a R$12.85 billion increase in the bank’s subscribed and paid-in capital via the capitalization of statutory revenue reserves from its 31 December 2024 balance sheet, raising total capital from R$124.06 billion to R$136.91 billion. The move will be executed through the issuance of 321.17 million new book-entry shares, split between common and preferred stock, distributed as a 3% stock bonus (three new shares for every 100 held) to all shareholders, including treasury shares, with entitlement dates set for 23 December 2025 in Brazil and 29 December 2025 in the U.S. and corresponding 3% bonus issuance for ADR holders. The bonus shares, which will trade ex-rights in Brazil from 26 December 2025 and carry full earnings rights from 30 December 2025, are priced for tax purposes at R$40.00 per share, while the bank affirmed it will maintain its current monthly interest on capital per share and the minimum annual dividend on preferred shares, implying a 3% increase in total cash distributed given the larger share base. Fractional shares arising from the bonus may be traded between 2 January and 2 February 2026 and any residual fractions will be auctioned on B3, and the capital change will be formally reflected through a bylaw amendment at the next shareholders’ meeting, bringing the total number of outstanding shares to 11.03 billion.

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 one of Brazil’s largest financial institutions, operating in the banking and financial services industry with a focus on retail, commercial and investment banking, as well as wealth management. The group serves individuals, corporates and institutional clients in Brazil and abroad, and its shares are traded both on the Brazilian stock exchange B3 and in the U.S. through American Depositary Receipts (ADRs).

Average Trading Volume: 23,996,440

Technical Sentiment Signal: Strong Buy

Current Market Cap: $72.02B

Learn more about ITUB stock on TipRanks’ Stock Analysis page.