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Itau Unibanco
(NYSE:ITUB)
Itau Unibanco (ITUB) vs. SPDR S&P 500 ETF (SPY)
Itau Unibanco Business Overview & Revenue Model
Itau Unibanco Earnings Call Summary
Itau Unibanco Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 338.83B | 325.85B | 306.63B | 253.12B | 191.49B | 173.58B |
| Gross Profit | 127.74B | 129.10B | 116.82B | 108.23B | 108.18B | 75.57B |
| EBITDA | 54.79B | 54.00B | 45.35B | 41.49B | 46.46B | 8.96B |
| Net Income | 41.78B | 41.09B | 33.10B | 29.21B | 26.76B | 18.90B |
Balance Sheet | ||||||
| Total Assets | 2.80T | 2.85T | 2.54T | 2.32T | 2.07T | 2.02T |
| Cash, Cash Equivalents and Short-Term Investments | 285.73B | 637.43B | 615.43B | 577.22B | 517.40B | 570.11B |
| Total Debt | 905.31B | 905.63B | 814.62B | 721.40B | 574.07B | 577.99B |
| Total Liabilities | 2.59T | 2.63T | 2.34T | 2.14T | 1.90T | 1.86T |
| Stockholders Equity | 201.14B | 211.09B | 190.18B | 167.72B | 152.86B | 142.99B |
Cash Flow | ||||||
| Free Cash Flow | -42.22B | -98.15B | 68.30B | 121.47B | 51.02B | 54.18B |
| Operating Cash Flow | -34.55B | -96.32B | 77.49B | 129.97B | 60.11B | 59.49B |
| Investing Cash Flow | -52.70B | 6.97B | -31.23B | -73.60B | -4.84B | 753.00M |
| Financing Cash Flow | 60.39B | 81.69B | 57.47B | -31.71B | -31.46B | 288.39B |
Itau Unibanco Technical Analysis
Itau Unibanco Risk Analysis
Itau Unibanco Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | 12.21B | 10.77 | 16.23% | 5.20% | 12.43% | 56.30% | |
74 Outperform | 32.71B | 8.36 | 11.89% | 1.60% | -4.58% | 38.70% | |
73 Outperform | 15.07B | 11.56 | 19.19% | 7.17% | -13.16% | -8.10% | |
73 Outperform | $74.21B | 10.39 | 20.49% | 6.49% | 5.44% | 2.81% | |
71 Outperform | 32.71B | 9.75 | 10.24% | 1.84% | -4.58% | 39.03% | |
70 Outperform | 20.47B | 20.08 | 0.00% | 5.58% | -3.77% | -10.59% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
Itau Unibanco Corporate Events
On September 8, 2025, Itaú Unibanco announced a related-party transaction with the Instituto Itaú de Ciência, Tecnologia e Inovação (ICTi), a private association founded by Itaú Unibanco. The transaction involves a master agreement for ICTi to provide research, innovation, and technology development services to Itaú Unibanco. The agreement, initially disclosed in February 2025, has resulted in an additional billing of R$54.8 million. The transaction follows the company’s policy on related-party transactions and has been approved by the Related Parties Committee, ensuring it was conducted under fair conditions.
On September 3, 2025, Itaú Unibanco Holding S.A. submitted a Form 6-K to the United States Securities and Exchange Commission, detailing updates to its Reference Form. The updates include changes to committee compositions and roles within the company, reflecting ongoing adjustments in its governance structure. These updates are part of the company’s efforts to maintain transparency and compliance with regulatory requirements, which could impact its operational strategies and stakeholder relations.
On September 2, 2025, Itaú Unibanco hosted ‘Itaú Day 2025’, an online event where company executives discussed developments in their business and their impact on user experience. The event featured key members of the board and executive committee, highlighting the company’s strategic focus on improving UX, which is anticipated to strengthen its market position and stakeholder engagement.
On August 28, 2025, Itaú Unibanco’s Board of Directors held a meeting where they unanimously accepted the resignation of Ricardo Baldin from the Audit Committee and appointed Maria Elena Cardoso Figueira as his replacement. Figueira, recognized for her expertise in accounting and auditing, will serve until the next Board meeting following the 2026 Annual General Stockholders’ Meeting. This change is part of the company’s ongoing efforts to maintain strong governance and compliance with regulatory requirements, which is crucial for its operational integrity and stakeholder confidence.
On August 28, 2025, Itaú Unibanco announced the election of Maria Elena Cardoso Figueira as the new financial expert member of its Audit Committee, replacing Ricardo Baldin. Her appointment is pending ratification by the Central Bank of Brazil, with Baldin continuing in the role until then. This strategic move is expected to enhance the company’s audit capabilities, given Figueira’s extensive experience in financial and audit roles across various organizations.
On August 14, 2025, Itaú Unibanco Holding S.A. submitted a Form 6-K report to the Securities and Exchange Commission, detailing updates to its Reference Form as of December 31, 2024. The report highlights ongoing legal proceedings with significant financial implications, including a civil case involving a potential liability of R$13.8 billion. Despite the substantial amounts in dispute, the company maintains that the risk of adverse outcomes is remote and has made provisions to cover probable losses. These legal challenges underscore the complexities Itaú Unibanco faces in managing its financial and operational risks.
On August 7, 2025, Itaú Unibanco announced its upcoming digital event, Itaú Day 2025, scheduled for September 2nd. This event will feature the company’s executives discussing recent business developments and their impact on user experience. The announcement highlights Itaú Unibanco’s commitment to transparency and stakeholder engagement, potentially influencing its market positioning and investor relations.
On August 5, 2025, Itaú Unibanco Holding S.A. released its Management Discussion & Analysis and Condensed Financial Statements for June 2025. This release is part of the company’s ongoing transparency and compliance with the Securities Exchange Act of 1934. The report, signed by Investor Relations Officer Gustavo Lopes Rodrigues, provides stakeholders with insights into the company’s financial health and strategic direction, which is crucial for maintaining investor confidence and market positioning.
On August 5, 2025, Itaú Unibanco released its Risk and Capital Management report for the second quarter of 2025. This report highlights the bank’s focus on maintaining robust risk management practices and capital adequacy, which are crucial for its operational stability and regulatory compliance. The announcement underscores the bank’s commitment to transparency and effective governance, which are vital for its stakeholders and market position.
On August 5, 2025, Itaú Unibanco Holding S.A. released its condensed financial statement for June 2025, prepared in accordance with IFRS. This announcement is significant for stakeholders as it provides insights into the company’s financial health and performance, potentially impacting its market positioning and investor relations.
On August 5, 2025, Itaú Unibanco announced the payment of interest on capital, a move that reflects the company’s commitment to delivering value to its shareholders. This announcement is part of Itaú Unibanco’s ongoing strategy to maintain a strong financial position and enhance shareholder returns, reinforcing its industry positioning and potentially impacting investor sentiment positively.
On August 5, 2025, Itaú Unibanco’s Board of Directors convened to discuss various strategic matters pertinent to the company’s operations. The meeting’s outcomes, as summarized in the minutes, are expected to influence Itaú Unibanco’s strategic direction and potentially impact its market positioning, although specific details of the discussions were not disclosed in the release.
On August 5, 2025, Itaú Unibanco Holding S.A. held a meeting of its Fiscal Council, as documented in the summarized minutes. This meeting is part of the company’s ongoing governance processes, which are crucial for maintaining transparency and accountability in its operations. The outcomes of such meetings can impact the company’s strategic decisions and its positioning within the financial industry.
On August 5, 2025, Itaú Unibanco Holding S.A. announced the issuance of Tier 1 Subordinated Notes. This strategic move is expected to strengthen the company’s capital structure, enhancing its financial stability and supporting its growth initiatives. The issuance of these notes is likely to have a positive impact on Itaú Unibanco’s market positioning, signaling confidence in its financial health and commitment to maintaining robust capital reserves.
On August 5, 2025, Itaú Unibanco announced its financial projections for the year 2025. This announcement is a significant step for the company as it outlines its strategic plans and financial expectations, potentially impacting its market positioning and providing insights for investors and stakeholders.
On August 5, 2025, Itaú Unibanco Holding S.A. submitted a Form 6-K report to the U.S. Securities and Exchange Commission. The report, signed by Investor Relations Officer Gustavo Lopes Rodrigues, is part of the company’s regulatory compliance under the Securities Exchange Act of 1934. This submission indicates Itaú Unibanco’s ongoing commitment to transparency and adherence to international financial reporting standards, which is crucial for maintaining investor confidence and its strong market position.
On August 5, 2025, Itaú Unibanco Holding S.A. announced its Stockholder Remuneration Policy, which includes details on dividends and interest on capital. This policy is significant for stakeholders as it outlines the company’s approach to distributing profits to shareholders, potentially impacting investor confidence and the company’s financial strategy.
On August 5, 2025, Itaú Unibanco Holding S.A. submitted a Form 6-K report to the U.S. Securities and Exchange Commission. This filing, signed by Investor Relations Officer Gustavo Lopes Rodrigues, reflects the company’s ongoing compliance with international financial reporting standards, which is crucial for maintaining transparency and investor confidence.
On July 28, 2025, Itaú Unibanco released a report on its compliance with the Brazilian Corporate Governance Code. The report highlights the company’s capital structure, which includes both common and preferred shares, and the governance measures in place following the merger between Itaú and Unibanco in 2009. The company emphasizes its commitment to maintaining a robust governance framework, including a significant proportion of independent board members and mechanisms to prevent conflicts of interest. The report also discusses the company’s policies on shareholder agreements, tender offers, and risk management, aiming to ensure transparency and equitable treatment for all stakeholders.
On July 24, 2025, Itaú Unibanco Holding S.A. announced a new remuneration policy for its administrators in Brazil. This move is part of the company’s ongoing efforts to enhance governance and align the interests of its administrators with those of its stakeholders, potentially impacting its operational efficiency and market competitiveness.
On July 16, 2025, Itaú Unibanco announced an interactive meeting for the second quarter of 2025, aiming to engage with stakeholders and provide insights into its financial performance and strategic direction. This initiative reflects the company’s commitment to transparency and effective communication with investors, which could enhance its market position and stakeholder trust.
On July 8, 2025, Itaú Unibanco announced its updated policy for the nomination and succession of its board members and officers, emphasizing compliance with regulations, diversity, and strategic alignment. This policy aims to ensure continuity in corporate governance and enhance the company’s adaptability and strategic vision, reflecting its commitment to inclusive practices and long-term value preservation.
On June 26, 2025, Itaú Unibanco Holding S.A. announced its policy for the disclosure of material acts or facts, which is a significant step in enhancing transparency and regulatory compliance. This move is expected to strengthen the company’s operational integrity and improve stakeholder trust, positioning Itaú Unibanco as a leader in corporate governance within the financial sector.
On June 24, 2025, Itaú Unibanco Holding S.A. submitted a Form 6-K to the United States Securities and Exchange Commission, signed by Gustavo Lopes Rodrigues, the Investor Relations Officer. This filing is part of the company’s regulatory compliance, ensuring transparency and communication with stakeholders, which is crucial for maintaining investor confidence and adhering to international financial reporting standards.