Q3 2025 Itau Unibanco Holding SA Earnings Call (English, Portuguese) Transcript

Nov 5, 2025 / 01:00 PM GMT

Release Date Price: $7.26 (+1.36%)

Transcript

Key Points

Positve

Itau Unibanco Holding SA (ITUB) reported a strong net income of 11.9 billion reals, marking a 3.2% increase from the previous quarter and an 11.3% increase year-over-year.
The company's return on equity (ROE) reached 23.3% on a consolidated basis and 24.2% in Brazil, indicating strong profitability.
The loan portfolio grew by 0.9% quarter-over-quarter and 6.4% year-over-year, excluding FX impact, demonstrating robust growth.
The insurance business showed significant growth, with a 5.7% increase quarter-over-quarter and 17.8% year-over-year.
Itau Unibanco Holding SA (ITUB) maintained a high-quality loan portfolio with well-controlled delinquency levels, outperforming industry averages in terms of asset quality.

Negative

The company is facing high funding costs, which have led to reduced origination in some channels, particularly through banking correspondence.
There was a slight decrease in capital compared to September 2024, despite a strong quarter.
The NIM (Net Interest Margin) showed a slight decrease, indicating potential pressure on profitability.
The cost of credit increased from 25.9 billion reais to 27.2 billion reais, although the ratio fell slightly.
The company anticipates challenges in balancing growth and efficiency in an uncertain macroeconomic environment for 2026.

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

ITUB4.SA - Itau Unibanco Holding SA
Q3 2025 Itau Unibanco Holding SA Earnings Call (English, Portuguese)
Nov 05, 2025 / 01:00PM GMT

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Presentation
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Oh.

Hello, good morning, everyone. My name is Gustavo and it is a pleasure to have you joining us for our 3rd quarter of 2025 earnings video conference.

As always, Milton will walk you through our performance and afterwards we'll open the floor for a Q&A session where analysts and investors will be able to interact directly with us.

Before handing over to Milton, I would like to share a few instructions to help you make the most of today's event.

For those accessing this video conference via our website, there are 3 audio options available on your screen. The entire content in Portuguese, the entire content in English, or the original audio.

The first

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