Itaú Unibanco reports Q3 profit growth and keeps 2026 guidance
Itaú Unibanco reported third-quarter recurring managerial net income of 12.617 billion reais on November 3, up 6.2% from a year earlier, with return on equity at 23.6%. The bank maintained its 2026 credit-growth guidance of 5.5% to 9.5% and its cost-of-credit range of 38.5 billion to 43.5 billion reais. Its November 4 earnings presentation showed EPS of $0.20 versus an estimate of $0.23 and revenue of $8.8 billion versus $9.6 billion expected.
Why it matters
The unchanged guidance leaves Itaú Unibanco’s stated 2026 credit and cost-of-credit outlook intact. The reported EPS and revenue comparisons give investors a below-estimate headline earnings print alongside continued profitability and credit growth.
Key facts
- 1Recurring managerial net income was 12.617 billion reais in the third quarter, compared with 11.9 billion reais a year earlier. riotimesonline.com
- 2Return on equity was 23.6%. riotimesonline.com
- 3The total credit portfolio was 1.544 trillion reais at the end of September, with Brazilian credit up 10.9% from a year earlier. riotimesonline.com
- 4The bank retained 2026 guidance for credit-portfolio growth of 5.5% to 9.5% and cost of credit of 38.5 billion to 43.5 billion reais. riotimesonline.com
- 5The earnings presentation reported EPS of $0.20 against an analyst estimate of $0.23 and revenue of $8.8 billion against $9.6 billion expected. investing.com
Open questions
- Materials report different EPS, revenue, and profit-growth figures, and they do not establish a single common reporting basis for all of the differences.
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.