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Itaú Unibanco Raises Gross Interest on Capital to Offset Higher IoC Tax in 2026

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Itaú Unibanco Raises Gross Interest on Capital to Offset Higher IoC Tax in 2026

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

On January 26, 2026, Itaú Unibanco announced an adjustment to the gross amount of its monthly Interest on Capital (IoC) distributions for fiscal year 2026, following the enactment of Supplementary Law No. 224/2025, effective January 1, 2026, which raised the withholding income tax rate on IoC from 15% to 17.5%. To keep shareholders’ net proceeds unchanged at BRL 0.015 per common and preferred share, the bank recalibrated the gross IoC amount to BRL 0.018182 per share, except for corporate shareholders that are legally exempt or tax-immune, and confirmed that the previously disclosed monthly payment schedule from January to December 2026, with payments running from February 2, 2026 through January 4, 2027, remains unchanged, providing continued visibility and predictability for investors regarding cash returns.

The most recent analyst rating on (ITUB) stock is a Hold with a $9.00 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 commercial and retail banking, offering a broad range of financial services including lending, deposits, and investment products to individual and corporate clients. The bank is listed in Brazil and in the United States as a foreign issuer and maintains an active shareholder base that receives regular distributions in the form of interest on capital (IoC).

Average Trading Volume: 20,458,751

Technical Sentiment Signal: Buy

Current Market Cap: $88.82B

For a thorough assessment of ITUB stock, go to TipRanks’ Stock Analysis page.

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