Q4 2025 Itau Unibanco Holding SA Earnings Call Transcript

Feb 5, 2026 / 01:00 PM GMT

Release Date Price: R$45.52 (+2.02%)

Transcript

Key Points

Positve

Itau Unibanco Holding SA (ITUB) achieved a significant increase in its loan portfolio, growing by 40% during the period.
The company reported a notable expansion in ROE, rising from 19.3% in 2021 to 23.4% in 2025.
The efficiency ratio improved from 44% to 38.8%, indicating better cost management.
Itau Unibanco Holding SA (ITUB) distributed 105 billion riaiss in cash dividends, leading to a payout ratio of 57.9%.
The company achieved a significant reduction in technology incidents by 99%, enhancing operational efficiency.

Negative

There was a slight decrease in the net interest margin (NIM) from 9% to 8.9%, indicating pressure on interest income.
The company faced challenges with a specific corporate client that moved into short-term delinquency, affecting asset quality.
The competitive environment remains intense, with fintechs and incumbent peers adapting their business models.
There is a concern about the potential impact of macroeconomic factors, such as interest rate changes, on profitability.
The company anticipates potential volatility in 2026 due to the election year and associated uncertainties.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ITUB4.SA - Itau Unibanco Holding SA
Q4 2025 Itau Unibanco Holding SA Earnings Call
Feb 05, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, good morning everyone. My name is Gustavo, and it is a pleasure to have you joining us for our fourth quarter 2025 earnings video conference. As always, Milton will walk you through our performance, and afterwards we will have our traditional Q&A session in which analysts and investors will be able to interact directly with us. Before handing the floor over to Milton, I would like to share a few instructions to help you make the most of today's event.

For those accessing the webcast through our website, there are 3 audio options available the entire content in Portuguese, the entire content in English, or the original audio. The 1st 2 options offer simultaneous translation. To select your preferred option,

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