ITUB on NYSE

Itaú Unibanco

Logo: Itaú Unibanco, Public domain, via Wikimedia Commons⁴

Brazilian banking company

Banco Itaú Unibanco S.A. is a Brazilian financial services company headquartered in São Paulo, Brazil. Itaú Unibanco was formed through the merger of Banco Itaú and Unibanco in 2008.³ From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

168.1BRevenue, fiscal 2024⁵

42.1BNet income, fiscal 2024⁵

2008Founded¹

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TickerITUB on NYSE¹
Industryeconomics of banking, financial sector, financial services¹
HeadquartersSão Paulo¹
Websitewww.itau.com.br
Legal formsociedade anônima¹
Listed onNew York Stock Exchange (ITUB), São Paulo Stock Exchange (ITUB4)¹
Incorporated inBrazil⁶
Business addressPc. Alfredo Egydio De Souza Aranha, 100, Torre Ae, 3 Andar, Cep 04344-902, Sao Paulo, D5 00000⁶
Filer categoryLarge accelerated filer⁶

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Arq088 01 15 — Photo: Italo ferracciu 7fufydgdfdgxd Cgxfxt o que é as eu hj BB, Public domain, via Wikimedia Commons⁷

Banco Itaú Unibanco S.A. is a Brazilian financial services company headquartered in São Paulo, Brazil.³

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in BRL, the currency the company reports in.

Key numbers, fiscal 2024

25.1%Net margin⁵

8.4%Revenue growth, 2024⁵

19.0%Return on equity⁵

5.2B BRLFree cash flow⁵

Where the money goes

Where each dollar of revenue went, fiscal 2024

Other costsProfit

Other costs75¢125.9B BRL
Profit25¢42.1B BRL

Out of 168.1B BRL in revenue.⁵

Where each dollar of operating cash went, fiscal 2024

Capital spendingKept or used elsewhere

Capital spending26¢1.8B BRL
Kept or used elsewhere74¢5.2B BRL

Out of 7.1B BRL of cash from operations.⁵

Financial statements

Revenue⁸⁹¹⁰¹¹¹²⁵168.1B BRL in 2024+51% since 2017

Net income⁸⁹¹⁰¹¹¹²⁵42.1B BRL in 2024+81% since 2017

Every line of the income statement in the latest annual report, as filed.¹³

Period ending	2025-12-31	2024-12-31	2023-12-31
Operating Revenues	167.8B BRL	168.1B BRL	155.0B BRL
Interest and similar income	254.8B BRL	242.3B BRL	222.4B BRL
Interest and similar expense	-219.3B BRL	-167.3B BRL	-158.2B BRL
Income of Financial Assets and Liabilities at Fair Value through Profit or Loss	58.1B BRL	32.0B BRL	29.1B BRL
Foreign exchange results and exchange variations in foreign transactions	19.2B BRL	-3.1B BRL	4.4B BRL
Commissions and Banking Fees	47.0B BRL	47.1B BRL	45.7B BRL
Income from Insurance Contracts and Private Pension	8.7B BRL	7.0B BRL	6.6B BRL
Income from Insurance Contracts and Private Pension, net of Reinsurance	7.6B BRL	6.5B BRL	6.1B BRL
Financial Income from Insurance Contracts and Private Pension, net of Reinsurance	-42.1B BRL	-23.7B BRL	-28.6B BRL
Income from Financial Assets related to Insurance Contracts and Private Pension	43.3B BRL	24.1B BRL	29.1B BRL
Other income / (expenses)	-672.0M BRL
Other income / (expenses)		10.1B BRL	4.9B BRL
Expected Credit Loss from Financial Assets	-28.8B BRL	-32.3B BRL	-30.4B BRL
Expected Credit Loss with Loan and Lease Operations	-32.6B BRL	-29.5B BRL	-31.6B BRL
Expected Credit Loss with Other Financial Asset, net	3.8B BRL	-2.8B BRL	1.1B BRL
Operating Revenues Net of Expected Credit Losses from Financial Assets	138.9B BRL	135.7B BRL	124.5B BRL
Other operating income / (expenses)	-88.7B BRL	-88.2B BRL	-84.8B BRL
General and administrative expenses	-79.2B BRL	-79.4B BRL	-75.8B BRL
Tax expenses	-10.9B BRL	-9.8B BRL	-10.0B BRL
Share of profit or (loss) in associates and joint ventures	1.4B BRL	1.0B BRL	920.0M BRL
Income / (loss) before income tax and social contribution	50.2B BRL	47.6B BRL	39.7B BRL
Current income tax and social contribution	-10.7B BRL	-9.4B BRL	-8.7B BRL
Deferred income tax and social contribution	6.3B BRL	4.0B BRL	2.9B BRL
Net income / (loss)	45.8B BRL	42.1B BRL	33.9B BRL
Net income attributable to owners of the parent company	44.9B BRL	41.1B BRL	33.1B BRL
Net income / (loss) attributable to non-controlling interests	992.0M BRL	1.0B BRL	772.0M BRL

Total assets⁸⁹¹⁰¹²⁵2.9T BRL in 2024+99% since 2017

Total liabilities⁸⁹¹⁰¹¹¹²⁵2.6T BRL in 2024+104% since 2017

Shareholders’ equity⁹¹⁰¹¹¹²⁵221.3B BRL in 2024+53% since 2017

Cash⁹¹⁰¹¹¹²⁵117.3B BRL in 2024+41% since 2017

Every line of the balance sheet in the latest annual report, as filed.¹³

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash	37.1B BRL	36.1B BRL	32.0B BRL
Financial assets	2.9T BRL	2.7T BRL
At Amortized Cost	2.0T BRL	1.9T BRL
Central Bank of Brazil deposits	167.3B BRL	160.7B BRL
Interbank deposits	66.2B BRL	66.9B BRL
Securities purchased under agreements to resell	280.6B BRL	243.2B BRL
Securities	330.0B BRL	327.5B BRL
Loan and lease operations	1.1T BRL	1.0T BRL
Other financial assets	164.0B BRL	136.7B BRL
(-) Provision for expected credit loss	-49.1B BRL	-47.8B BRL
At Fair Value through Other Comprehensive Income	132.5B BRL	106.3B BRL
Securities	132.5B BRL	106.3B BRL
At Fair Value through Profit or Loss	705.2B BRL	654.2B BRL
Securities	628.8B BRL	560.1B BRL
Derivatives	73.4B BRL	92.4B BRL
Other financial assets	3.1B BRL	1.6B BRL
Insurance contracts	212.0M BRL	66.0M BRL
Tax assets	79.1B BRL	72.7B BRL
Income tax and social contribution - current	3.0B BRL	2.6B BRL
Income tax and social contribution - deferred	63.5B BRL	58.9B BRL
Other	12.6B BRL	11.2B BRL
Other assets	21.6B BRL	25.0B BRL
Investments in associates and joint ventures	10.8B BRL	10.1B BRL	9.3B BRL
Fixed assets, net	12.6B BRL	13.3B BRL	9.1B BRL
Goodwill and Intangible assets, net	24.1B BRL	24.0B BRL	23.4B BRL
Total assets	3.1T BRL	2.9T BRL	2.5T BRL
Financial Liabilities	2.4T BRL	2.2T BRL
At Amortized Cost	2.4T BRL	2.1T BRL
Deposits	1.1T BRL	1.1T BRL
Securities sold under repurchase agreements	434.6B BRL	388.8B BRL
Interbank market funds	406.2B BRL	372.3B BRL
Institutional market funds	154.2B BRL	140.5B BRL
Other financial liabilities	241.4B BRL	192.4B BRL
At Fair Value through Profit or Loss	71.4B BRL	86.3B BRL
Derivatives	69.7B BRL	85.4B BRL
Structured notes	57.0M BRL	318.0M BRL
Other financial liabilities	1.6B BRL	544.0M BRL
Provisions for financial guarantees, credit commitments and credits to be released	1.8B BRL	4.9B BRL
Insurance contracts and private pension	353.3B BRL	306.9B BRL
Provisions	17.8B BRL	19.2B BRL
Tax liabilities	11.6B BRL	11.3B BRL
Income tax and social contribution - current	6.4B BRL	4.4B BRL
Income tax and social contribution - deferred	491.0M BRL	603.0M BRL
Other	4.7B BRL	6.4B BRL
Other liabilities	44.3B BRL	55.8B BRL
Total liabilities	2.9T BRL	2.6T BRL	2.3T BRL
Total stockholders equity attributed to the owners of the parent company	204.5B BRL	211.1B BRL
Capital	136.9B BRL	90.7B BRL	90.7B BRL
Treasury shares	-13.0M BRL	-909.0M BRL
Capital reserves	2.9B BRL	2.7B BRL
Profit reserves	67.7B BRL	121.4B BRL
Other comprehensive income	-3.0B BRL	-2.9B BRL
Non-controlling interests	10.6B BRL	10.2B BRL
Total stockholders equity	215.1B BRL	221.3B BRL	199.1B BRL
Total liabilities and stockholders' equity	3.1T BRL	2.9T BRL

Cash from operations⁸⁹¹⁰¹¹¹²⁵7.1B BRL in 2024−70% since 2017

Capital spending⁸⁹¹⁰¹¹¹²⁵1.8B BRL in 2024+94% since 2017

Free cash flow⁸⁹¹⁰¹¹¹²⁵5.2B BRL in 2024−76% since 2017

Every line of the cash flow in the latest annual report, as filed.¹³

Period ending	2025-12-31	2024-12-31	2023-12-31
Adjusted net income	88.3B BRL	38.2B BRL	91.6B BRL
Net income	45.8B BRL	42.1B BRL	33.9B BRL
Adjustments to net income:	42.5B BRL	-3.9B BRL	57.8B BRL
Share-based payment	178.0M BRL	217.0M BRL	200.0M BRL
Effects of changes in exchange rates on cash and cash equivalents	3.8B BRL	-8.4B BRL	11.5B BRL
Expected credit loss with financial assets	28.8B BRL	32.3B BRL	30.4B BRL
Income from interest and foreign exchange variation from operations with subordinated debt	4.4B BRL	-1.8B BRL	2.9B BRL
Financial income from insurance contracts and private pension	42.1B BRL	23.7B BRL	28.6B BRL
Depreciation and amortization	7.4B BRL	6.4B BRL	5.7B BRL
Expense from update / charges on the provisions for civil lawsuits, labor and tax claims and social security lawsuits and other risks	1.6B BRL	1.2B BRL	799.0M BRL
Provisions for civil lawsuits, labor and tax claims and social security lawsuits and other risks	3.6B BRL	5.1B BRL	4.4B BRL
Revenue from update / charges on deposits in guarantee	-957.0M BRL	-775.0M BRL	-913.0M BRL
Deferred taxes (excluding hedge tax effects)	1.0B BRL	2.7B BRL	2.1B BRL
Income from share in the net income of associates and joint ventures and other investments	-1.4B BRL	-1.0B BRL	-920.0M BRL
Income from financial assets at fair value through other comprehensive income	5.0B BRL	3.9B BRL	612.0M BRL
Income from interest and foreign exchange variation of financial assets at fair value through other comprehensive income	-12.9B BRL	-45.8B BRL	-20.1B BRL
Income from interest and foreign exchange variation of financial assets at amortized cost	-39.1B BRL	-20.0B BRL	-7.7B BRL
Income from sale of investments and fixed assets	-331.0M BRL	-395.0M BRL	1.3B BRL
Other	-847.0M BRL	-1.3B BRL	-1.1B BRL
Change in assets and liabilities	-53.8B BRL	-31.1B BRL	-14.1B BRL
Interbank deposits	37.3B BRL	-14.4B BRL	4.6B BRL
Securities purchased under agreements to resell	-77.4B BRL	-9.8B BRL	3.1B BRL
Central Bank of Brazil deposits	-6.6B BRL	-15.3B BRL	-29.7B BRL
Loan and lease operations	-91.6B BRL	-146.2B BRL	-34.2B BRL
Derivatives (assets / liabilities)	4.4B BRL	-6.4B BRL	-745.0M BRL
Financial assets at fair value through profit or loss	-68.6B BRL	-48.4B BRL	-126.7B BRL
Other financial assets	-27.8B BRL	-8.5B BRL	-16.9B BRL
Tax assets	-1.8B BRL	-3.0B BRL	-2.8B BRL
Other assets	-5.4B BRL	-3.1B BRL	-6.6B BRL
Deposits	59.7B BRL	103.4B BRL	79.9B BRL
Securities sold under repurchase agreements	45.8B BRL	26.0B BRL	69.3B BRL
Funds from interbank markets	33.9B BRL	43.6B BRL	34.1B BRL
Funds from institutional markets	10.7B BRL	22.4B BRL	-1.9B BRL
Other financial liabilities	50.1B BRL	10.6B BRL	15.1B BRL
Financial liabilities at fair value through profit or loss	-260.0M BRL	21.0M BRL	233.0M BRL
Insurance contracts and private pension	5.1B BRL	12.1B BRL	9.1B BRL
Provisions	-7.6B BRL	380.0M BRL	1.2B BRL
Tax liabilities	11.6B BRL	980.0M BRL	3.2B BRL
Other liabilities	-15.8B BRL	13.9B BRL	-6.5B BRL
Payment of income tax and social contribution	-9.7B BRL	-9.5B BRL	-8.1B BRL
Net cash from / (used in) operating activities	34.5B BRL	7.1B BRL	77.5B BRL
Dividends / Interest on capital received from investments in associates and joint ventures	612.0M BRL	450.0M BRL	583.0M BRL
(Purchase) / Funds from the sale of financial assets at fair value through other comprehensive income	-13.3B BRL	60.2B BRL	18.2B BRL
(Purchase) / Redemptions of financial assets at amortized cost	39.3B BRL
(Purchase) / Redemptions of financial assets at amortized cost		-46.8B BRL	-40.1B BRL
(Purchase) / Sale of investments in associates and joint ventures	-22.0M BRL	-352.0M BRL	-1.1B BRL
(Purchase) / Sale of fixed assets	-1.2B BRL	-1.3B BRL	-3.6B BRL
(Purchase) / Sale and Termination of intangible asset agreements	-5.9B BRL	-5.3B BRL	-5.2B BRL
Net cash from / (used in) investment activities	19.4B BRL	7.0B BRL	-31.2B BRL
Raising of subordinated debt obligations	12.4B BRL	7.9B BRL	2.2B BRL
Redemption of subordinated debt obligations	-13.9B BRL	-7.5B BRL	-13.0B BRL
Change in non-controlling interests stockholders	22.0M BRL	867.0M BRL	-923.0M BRL
Acquisition of treasury shares	-3.1B BRL	-1.8B BRL	-689.0M BRL
Result of delivery of treasury shares	947.0M BRL	772.0M BRL	689.0M BRL
Dividends / interest on capital paid to non-controlling interests	-633.0M BRL	-589.0M BRL	-366.0M BRL
Dividends / interest on capital paid	-48.3B BRL	-21.3B BRL	-10.3B BRL
Net cash from / (used in) financing activities	-52.5B BRL	-21.7B BRL	-22.4B BRL
Net increase / (decrease) in cash and cash equivalents	1.4B BRL	-7.7B BRL	23.8B BRL
Effect of changes in exchange rates on cash and cash equivalents	-3.8B BRL	8.4B BRL	-11.5B BRL
Interbank deposits	46.7B BRL	10.1B BRL	8.6B BRL
Interest received	219.6B BRL	219.7B BRL	208.2B BRL
Interest paid	194.6B BRL	131.1B BRL	115.5B BRL
Dividends and interest on capital declared and not yet paid	4.4B BRL	5.4B BRL	4.8B BRL

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How it started

History

In November 2006, Banco Itaú bought BankBoston's assets in Brazil, Chile, and Uruguay.

On November 16 2008, Banco Itaú and Unibanco announced the merger that resulted in Banco Itaú Unibanco. The institution was born with R$575 billion in assets, a net equity of around R$51.7 billion and a portfolio of combined credit of R$225.3 billion. The new bank had 4,800 branches and service branches, representing 18% of Brazil's banking network, and 14.5 million account holders (18% of the market). In terms of credit volume, it represented 19% of the Brazilian system and in total deposits, funds and managed portfolios, 21% by 2008. In the insurance and pension plan market, the new group had a 17% and 24% share, respectively. The wholesale operations (corporate) totaled more than R$65 billion, serving more than 2,000 economic groups in Brazil. The private banking (wealth management) business had become the largest in Latin America, with approximately R$90 billion in assets under management.

On August 22, 2009, Banco Itaú Unibanco and insurance company Porto Seguro announced their alliance.

In June 2013, the bank agreed to buy Citibank Uruguay's retail banking operations.

In 2014, Banco Itaú announced that it was merging with Chilean bank Corpbanca. As a result, Itaú bought Helm Bank, Corpbanca's operation in Colombia and Panama, and rebranded it under the Itaú name.

From Wikipedia’s article on Itaú Unibanco, shared under CC BY-SA 4.0.³

Products and brands

investment bank

Listed on Wikidata.¹

Subsidiaries and ownership

Parent company

Itaúsa

Owners

Itaúsa

Subsidiaries

Banco Itaú
Banco Itaú Corpbanca
Continental Bank
Itaú Corpbanca Colombia S.A.
Rede S.A.

Also owns

Banco Itaú Argentina
Unibanco

From Wikidata.¹

Employees over time

Itaú Unibanco employees by year¹96.2K in 2024−0% since 2020

202496,219¹
202395,702¹
202199,600¹
202096,500¹

Former names

Itau Unibanco Banco Multiplo S.A.Mar 11, 2009 to Oct 1, 2009⁶
BANCO ITAU HOLDING FINANCEIRA S AMar 19, 2003 to Feb 25, 2009⁶
BANCO ITAU SAFeb 19, 2002 to Mar 18, 2003⁶

Timeline

Sep 29, 2021Went public Listed on São Paulo Stock Exchange¹
May 20, 2009Went public Listed on NYSE¹
2008Founded Founded¹

Recent filings

Oct 5, 20266-K
Oct 5, 20266-K
Oct 2, 20266-K
Sep 23, 20266-K
Sep 18, 20266-K
Sep 14, 20266-K
Sep 11, 20266-K
Sep 9, 20264
Sep 2, 20266-K
Aug 26, 2026N-PX
Aug 18, 20266-K
Aug 14, 202613F-HR
Aug 7, 20266-K
Aug 7, 20266-K
Aug 6, 20266-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.²

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataItaú Unibanco on Wikidata
2
SEC EDGARItaú Unibanco filings on SEC EDGAR
3
WikipediaItaú Unibanco on Wikipedia
4
Wikimedia CommonsItaú Unibanco logo by Itaú Unibanco, Public domain
5
SEC EDGARItaú Unibanco 10-K for fiscal 2024
6
SEC EDGARItaú Unibanco filings on SEC EDGAR
7
Wikimedia CommonsItaú Unibanco photo by Italo ferracciu 7fufydgdfdgxd Cgxfxt o que é as eu hj BB, Public domain
8
SEC EDGARItaú Unibanco 10-K for fiscal 2017
9
SEC EDGARItaú Unibanco 10-K for fiscal 2018
10
SEC EDGARItaú Unibanco 10-K for fiscal 2019
11
SEC EDGARItaú Unibanco 10-K for fiscal 2020
12
SEC EDGARItaú Unibanco 10-K for fiscal 2021
13
SEC EDGARItaú Unibanco 20-F filed 2026-04-30: income statement