NYSE$ITUB
Itau Unibanco Holding ADR · Q1 2027 earnings
Q1 2027 earnings · · Investor relations
Briefing
Itaú posts R$11.9B Q1 net income as credit portfolio grows and recurring ROE hits 22.9%
Itaú Unibanco reported first-quarter 2026 results on May 5, with net income of R$11.9 billion, up 10.9% year-over-year, and net income attributable to owners of R$11.6 billion (+10.7%). Recurring result rose 8.1% to R$11.4 billion as annualized recurring ROE improved 250 basis points to 22.9%. Operating revenues declined 3.9% to R$45.0 billion, mainly on lower net interest income (-8.0%) from securities repurchase agreements and FX effects, partially offset by higher loan interest income. The credit portfolio reached R$1.5 trillion, growing 6.9% for individuals and 8.5% for companies in Brazil plus 4.2% in Latin America. Expected credit loss fell 5.8% to R$9.0 billion, and fee and insurance income grew 4.8% to R$14.3 billion.
- Net income of R$11.9B (+10.9% YoY) and recurring result of R$11.4B (+8.1%); recurring ROE reached 22.9%, up 250 bps.
- Credit portfolio totaled R$1.5T with Brazil retail up 6.9% and corporate up 8.5%; Latin America portfolio rose 4.2%.
- Operating revenues were R$45.0B (-3.9%); net interest income fell 8.0% to R$29.7B while commissions and insurance rose 4.8%.
- Expected credit loss declined 5.8% to R$9.0B; efficiency ratio was 37.1%, down 10 bps YoY despite 3.0% higher G&A.
- Diluted EPS was R$1.06 (+11.6%); Tier 1 capital ratio stood at 13.4% and book value per share was R$19.03.
Headline financials
Revenue & EPS history
Itau Unibanco · Revenue · Quarterly
R$45B
Revenue by segment
Itau Unibanco · R$44B total across 2 segments · Q1 2027
- Net interest incomeR$29.7B—67.5%
- Commissions, banking fees and insuranceR$14.3B—32.5%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2027
+1.0%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+1.4%
Avg return
30 days after
61%
41 / 67 earnings
Positive
+8.1%
Q4 2021
Best reaction
-7.4%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | -2.4% | -6.5% | — | |
| Q4 2026 | +2.3% | -3.7% | +8.7% | |
| Q3 2026 | +1.5% | +3.4% | +2.3% | |
| Q2 2025 | +5.9% | +6.8% | +5.5% | |
| Q4 2024 | +1.9% | +1.4% | -2.9% | |
| Q3 2024 | +5.9% | +2.9% | -9.4% | |
| Q2 2024 | +4.8% | +9.2% | +17.4% | |
| Q1 2024 | +3.1% | +0.0% | -5.7% | |
| Q4 2023 | +7.6% | +5.3% | +5.2% | |
| Q3 2023 | +4.1% | +6.0% | +12.3% | |
| Q1 2023 | +1.3% | +3.8% | +5.6% | |
| Q4 2022 | +4.5% | +1.0% | -2.3% | |
| Q3 2022 | -7.4% | -6.9% | -14.7% | |
| Q2 2022 | +4.6% | +8.8% | +7.1% | |
| Q1 2022 | -3.1% | +6.5% | +30.2% | |
| Q4 2021 | +8.1% | +11.0% | +4.8% | |
| Q3 2021 | -2.6% | -2.9% | -4.6% | |
| Q2 2021 | +2.3% | +1.2% | +2.9% | |
| Q1 2021 | -1.9% | +2.2% | +4.8% | |
| Q4 2020 | +1.8% | -2.1% | +9.1% | |
| Q3 2020 | +6.5% | +15.6% | +42.7% | |
| Q2 2020 | -4.5% | -8.0% | -12.2% | |
| Q1 2020 | +1.0% | -1.7% | +25.7% | |
| Q4 2019 | +4.0% | +1.2% | -28.7% | |
| Q3 2019 | +1.3% | -4.2% | -5.0% | |
| Q2 2019 | -3.4% | -7.4% | -15.9% | |
| Q1 2019 | -3.0% | -2.7% | +3.5% | |
| Q4 2018 | -3.4% | -3.7% | -7.0% | |
| Q3 2018 | +1.2% | +3.1% | +5.3% | |
| Q2 2018 | -3.4% | +1.6% | -15.2% | |
| Q1 2018 | -5.2% | -7.5% | -20.5% | |
| Q4 2017 | -0.6% | +0.1% | +2.1% | |
| Q3 2017 | -4.8% | -5.9% | -3.6% | |
| Q2 2017 | +4.3% | -1.1% | -11.8% | |
| Q1 2017 | -6.0% | +7.0% | +13.9% | |
| Q4 2016 | +5.3% | +6.4% | +0.8% | |
| Q3 2016 | -0.5% | -2.1% | -10.5% | |
| Q2 2016 | +4.8% | +1.1% | +12.7% | |
| Q1 2016 | -0.3% | — | — | |
| Q4 2015 | -5.4% | — | — | |
| Q3 2015 | +5.6% | — | — | |
| Q2 2015 | +0.0% | — | — | |
| Q1 2015 | +6.1% | — | — | |
| Q4 2014 | -3.5% | — | — | |
| Q3 2014 | -7.0% | — | — | |
| Q2 2014 | -0.5% | — | — | |
| Q1 2014 | +2.6% | — | — | |
| Q4 2013 | -2.0% | — | — | |
| Q3 2013 | +0.2% | — | — | |
| Q2 2013 | -1.4% | — | — | |
| Q1 2013 | -1.6% | — | — | |
| Q4 2012 | +4.2% | — | — | |
| Q3 2012 | +0.8% | — | — | |
| Q2 2012 | +1.9% | — | — | |
| Q1 2012 | +0.9% | — | — | |
| Q4 2011 | +2.2% | — | — | |
| Q3 2011 | -5.8% | — | — | |
| Q4 2010 | -3.4% | — | — | |
| Q2 2011 | +1.1% | — | — | |
| Q1 2011 | +4.6% | — | — | |
| Q2 2010 | +4.4% | — | — | |
| Q3 2010 | +4.4% | — | — | |
| Q2 2009 | +4.4% | — | — | |
| Q4 2009 | +4.2% | — | — | |
| Q4 2008 | +4.2% | — | — | |
| Q4 2007 | +4.2% | — | — | |
| Q1 2010 | +4.4% | — | — |
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