Itau Unibanco Holding S.A. - ADR

Itau Unibanco Holding S.A. - ADR

ITUB

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Market Cap$90.71B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Itau Unibanco Holding S.A. - ADRItau Unibanco Holding S.A. - ADR10.17.93%21%0.35

Earnings Call Q1 2026

May 6, 2026 - AI Summary

Strong, predictable profitability (with an “exceptional” dividend timing adjustment): Q1’26 delivered BRL 12.3bn managerial result (+10% YoY) and ROE 24.8% (consolidated) / 26.4% (Brazil). Management highlighted that Q1 did not include the usual additional dividend distribution (paid in Q4’25: BRL 20bn), so net income would have been BRL 12.7bn on a more normalized basis. Efficiency improved: efficiency ratio 34.9% in Brazil (record low; <35% for the first time; 34.4% adjusted for the dividend timing effect).
Loan growth but focus is credit quality under tighter macro: Loan portfolio grew +1.2% QoQ (seasonally weaker quarter), +9% YoY excluding FX; Brazil portfolio +7.8% YoY / +0.3% QoQ. Product quality signals were emphasized: - “Target clients”: >90% of new originations come from this resilient segment; ~80% of outstanding is approaching target clients. - Uniclass/Personnalité: only -0.5% QoQ while the broader portfolio contracted >2% QoQ, reflecting cross-sell under the One Itaú model. - Private payroll lending: +19% QoQ / +63% YoY with disciplined pricing/long-term risk management. - SME/government-backed programs: +4% QoQ / +52% YoY, supporting credit quality (with mechanical effects on delinquency).
Delinquency: short-term stable-to-improving; long-term stable; expected mild deterioration drivers: Short-term delinquency rose slightly (NPL 15–90 +10 bps QoQ; -10 bps YoY), explained as seasonal Q1 pressure (higher household commitments and settlement of Q4 expenses). Management said the first-quarter increase was the smallest historical seasonal increase (actual +23 bps vs rounded). Long-term delinquency stable, with an expectation of only mild, mechanical rise (not a credit-cost concern): - Long-term (Brazil) guided as potentially rising another 10–20 bps toward ~2.1%. - Write-off criteria unchanged (highlighted as important; extending write-offs would worsen delinquency metrics).

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$2.44

Current Fair Value

69.9% downside

Overvalued by 69.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$90.71 Billion
Enterprise Value$962.62 Billion
Dividend Yield$0.59 (7.93%)
Earnings per Share$3.97
Beta0.16
Outstanding Shares11,023,070,000

Return

Return on Equity21.41%ROE
Return on Assets1.48%
Return on Invested Capital1.26%

Valuation & Multiples

P/E Ratio10.13P/E Ratio
PEG116.75PEG
Price to Sales0.27Price to Sales
Price to Book Ratio0.41Price to Book Ratio
Enterprise Value to Revenue2.88
Enterprise Value to EBIT30.79
Enterprise Value to Net Income20
Total Debt to Enterprise1.13
Debt to Equity4.99Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 14, 2026
EPS Estimate
$0.21
Average shareholder expectation
Revenue Estimate
$9.08 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 3, 2026
EPS Estimate
$0.22
Average shareholder expectation
Revenue Estimate
$9.67 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.7938▼ 105.65%
Total Calls618,356▼ 0.18%
Total Puts490,863▼ 57.18%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %10.86%▼ 0.15%
Total Invested$10.02B▲ 14.63%
Investors Holding397▲ 7.00%

ESG Score

No data

About Itau Unibanco Holding S.A.

CEO: Candido Botelho Bracher

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