Itaú Unibanco Holding S.A. (ITUB) 10-Year Financial Performance & Capital Metrics

ITUB • • Banking & Credit

Financial ServicesRegional BanksInternational & Latin American BankingLatin American Retail Banking

AboutItaú Unibanco Holding S.A. offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market and Corporation. It offers various deposit products, as well as loans and credit cards; investment and commercial banking services; real estate lending services; financing and investment services; and leasing and foreign exchange services. The company also provides property and casualty insurance products covering loss, damage, or liabilities for assets or persons, as well as life insurance products covering death and personal accident; and reinsurance products. It serves retail customers, account and non-account holders, individuals and legal entities, high income clients, microenterprises, and small companies. The company was formerly known as Itaú Unibanco Banco Múltiplo S.A. and changed its name to Itaú Unibanco Holding S.A. in April 2009. The company was incorporated in 1924 and is headquartered in São Paulo, Brazil. Itaú Unibanco Holding S.A. is a subsidiary of IUPAR - Itaú Unibanco Participações S.A.Show more

Net Interest Income $74.98B +16.9%
Total Revenue $325.85B +6.3%
Net Income $41.09B +24.1%
Return on Equity 19.55% +11.1%
Net Interest Margin 2.63% +4.2%
Efficiency Ratio 25.03% -0.5%
ROA 1.52% +11.8%
Equity / Assets 7.75% -1.0%
Book Value per Share 20.38 +11.1%
Tangible BV/Share 18.17 +12.3%
Debt/Equity 4.09

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 25.0% efficiency ratio
✓Good 3Y average ROE of 18.1%
✓Trading at only 0.4x book value

✗Weaknesses

✗High debt to equity ratio of 4.1x

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.37%

5Y11.58%

3Y19.39%

TTM-

Profit (Net Income) CAGR

10Y6.66%

5Y8.67%

3Y15.36%

TTM13.66%

EPS CAGR

10Y5.76%

5Y6.41%

3Y11.59%

TTM10.24%

ROCE

10Y Avg4.25%

5Y Avg3.65%

3Y Avg4.13%

Latest4.36%

Peer Comparison

Latin American Retail Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FBPFirst BanCorp.	3.3B	20.91	11.55	6.16%	25.04%	16.62%	11.93%	0.34
OFGOFG Bancorp	1.8B	41.01	9.70	13%	24.09%	14.59%	11.69%	0.34
BSBRBanco Santander (Brasil) S.A.	46.55B	6.23	7.16	6.31%	10.36%	7.84%		1.13
BAPCredicorp Ltd.	24.72B	311.50	4.51	6.4%	20.38%	17.35%	54.24%	1.07
INTRInter & Co, Inc.	2.74B	8.47	4.09	27.12%	9.34%	12.37%	100%	1.31
IFSIntercorp Financial Services Inc.	5B	44.90	3.95	0.75%	14.68%	16.41%		1.08
BBDBanco Bradesco S.A.	17.85B	3.38	2.07	-2%	6.91%	12.1%		4.08
ITUBItaú Unibanco Holding S.A.	39.48B	7.30	1.93	6.27%	12.61%	19.74%		4.09

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	72.72B	67.28B	67.31B	62.56B	42.19B	40.81B	59.95B	72.42B	64.14B	74.98B
NII Growth %	0.54%	-0.07%	0%	-0.07%	-0.33%	-0.03%	0.47%	0.21%	-0.11%	0.17%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	147.79B	162.41B	145.64B	133.18B	118.15B	114.37B	129.25B	189.16B	222.38B	242.26B
Interest Expense	75.06B	95.13B	78.33B	70.61B	75.96B	73.56B	69.31B	116.75B	158.25B	167.28B
Loan Loss Provision	19.74B	22.47B	18.38B	10.59B	18.3B	24.45B	14B	28.15B	31.56B	29.47B
Non-Interest Income+	14.86B	47.3B	38.57B	37.56B	70.23B	59.21B	62.24B	63.96B	84.25B	83.59B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	162.65B	209.71B	184.21B	170.74B	188.39B	173.58B	191.49B	253.12B	306.63B	325.85B
Revenue Growth %	0.02%	0.29%	-0.12%	-0.07%	0.1%	-0.08%	0.1%	0.32%	0.21%	0.06%
Non-Interest Expense	49.58B	56.44B	56.92B	58.93B	62.89B	70.34B	65.95B	71.53B	77.12B	81.54B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	18.27B	35.68B	30.58B	30.61B	31.24B	5.23B	42.23B	36.69B	39.7B	47.56B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.37%	0.95%	-0.14%	0%	0.02%	-0.83%	7.07%	-0.13%	0.08%	0.2%
Pretax Income+	18.27B	35.68B	30.58B	30.61B	31.24B	5.23B	42.23B	36.69B	39.7B	47.56B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-7.89B	13.66B	7.36B	4.97B	3.43B	-9.83B	13.85B	6.45B	5.82B	5.43B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	25.74B	21.63B	23.19B	24.91B	27.11B	18.9B	26.76B	29.21B	33.1B	41.09B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.19%	-0.16%	0.07%	0.07%	0.09%	-0.3%	0.42%	0.09%	0.13%	0.24%
Net Income (Continuing)	26.16B	22.02B	23.23B	25.64B	27.81B	15.06B	28.38B	30.24B	33.88B	42.13B
EPS (Diluted)+	2.59	2.36	2.43	2.55	2.77	1.54	2.72	2.96	3.05	3.78
EPS Growth %	0.2%	-0.09%	0.03%	0.05%	0.09%	-0.44%	0.77%	0.09%	0.03%	0.24%
EPS (Basic)	2.61	2.38	2.45	2.56	2.78	1.54	2.74	2.98	3.05	3.82
Diluted Shares Outstanding	9.93B	9.85B	9.82B	9.77B	9.79B	9.8B	9.83B	9.86B	10.85B	10.86B

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	115.63B	126.93B	146.63B	157.73B	156.2B	191.97B	224.85B	210.72B	228.41B	263.76B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.11T	1.17T	1.23T	1.26T	1.33T	1.66T	1.67T	1.92T	2.1T	2.37T
Investments Growth %	0.13%	0.06%	0.05%	0.02%	0.05%	0.25%	0.01%	0.15%	0.09%	0.13%
Long-Term Investments	602.22B	658.64B	664.02B	930.46B	1.02T	1.28T	1.38T	1.55T	1.71T	1.99T
Accounts Receivables	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	2.06B	9.86B	11.14B	11.44B	11.16B	8.19B	7.82B	7.55B	7.83B	8.35B
Intangible Assets	6.29B	7.2B	8.24B	7.89B	8.56B	9.14B	13.29B	15.56B	15.53B	15.65B
PP&E (Net)	8.54B	8.04B	7.36B	7.3B	10.97B	11.85B	12.01B	11.63B	12.49B	13.26B
Other Assets	-18.44B	-14.18B	-15.46B	21.85B	24.29B	20.58B	20.69B	20.95B	22.45B	20.18B
Total Current Assets	628.29B	643.55B	725.07B	541.07B	519.02B	631.43B	588.94B	661.93B	719.65B	746.18B
Total Non-Current Assets	648.13B	707.77B	711.17B	1.01T	1.12T	1.39T	1.48T	1.66T	1.82T	2.11T
Total Assets+	1.28T	1.35T	1.44T	1.55T	1.64T	2.02T	2.07T	2.32T	2.54T	2.85T
Asset Growth %	0.13%	0.06%	0.06%	0.08%	0.05%	0.23%	0.02%	0.12%	0.1%	0.12%
Return on Assets (ROA)	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.02%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	587.45B	669.98B	536.18B	559.07B	544.15B	577.99B	574.07B	721.4B	814.62B	905.63B
Net Debt	471.82B	543.04B	389.54B	401.35B	387.95B	386.02B	349.22B	510.68B	586.21B	641.87B
Long-Term Debt	154.4B	226.41B	124.13B	147.14B	160.23B	180.23B	189.88B	265.87B	261.51B	277.99B
Short-Term Debt	433.05B	443.57B	412.04B	411.94B	375.66B	387.62B	378.86B	451.6B	549.81B	623.96B
Other Liabilities	277.7B	219.31B	347.26B	364.99B	412.25B	458.98B	464.41B	529.71B	560.13B	651.78B
Total Current Liabilities	727.98B	773.5B	817.77B	887.23B	907.66B	1.22T	1.24T	1.34T	1.52T	1.7T
Total Non-Current Liabilities	434.38B	445.43B	474.11B	515.1B	580.36B	647.9B	663.18B	802.6B	826.82B	935.31B
Total Liabilities	1.16T	1.22T	1.29T	1.4T	1.49T	1.86T	1.9T	2.14T	2.34T	2.63T
Total Equity+	114.06B	132.38B	144.36B	150.47B	149.47B	154.53B	164.48B	177.11B	199.05B	221.28B
Equity Growth %	0.13%	0.16%	0.09%	0.04%	-0.01%	0.03%	0.06%	0.08%	0.12%	0.11%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.24%	0.18%	0.17%	0.17%	0.18%	0.12%	0.17%	0.17%	0.18%	0.2%
Book Value per Share	11.49	13.44	14.70	15.39	15.27	15.77	16.73	17.96	18.34	20.38
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	85.15B	97.15B	97.15B	97.15B	97.15B	97.15B	90.73B	90.73B	90.73B	90.73B
Additional Paid-in Capital	1.73B	1.78B	1.93B	2.12B	2.17B	2.52B	0	0	0	0
Retained Earnings	20.95B	23.74B	26.03B	29.67B	29.88B	0	0	0	0	0
Accumulated OCI	8.78B	-696M	9.01B	9.67B	9B	46.75B	62.66B	77.06B	99.46B	121.27B
Treasury Stock	-4.35B	-1.88B	-2.74B	-1.82B	-1.27B	-907M	-528M	-71M	-11M	-909M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-34.46B	30.31B	8.64B	22.71B	35.16B	59.49B	60.11B	129.63B	77.49B	-96.32B
Operating CF Growth %	-1.38%	1.88%	-0.71%	1.63%	0.55%	0.69%	0.01%	1.16%	-0.4%	-2.24%
Net Income	26.16B	23.58B	24.27B	25.64B	27.81B	15.06B	28.38B	30.24B	33.88B	42.13B
Depreciation & Amortization	2.83B	3.23B	3.17B	3.57B	3.56B	3.73B	4.23B	4.8B	5.65B	6.44B
Deferred Taxes	-1.87B	4.17B	5.1B	10.29B	2.5B	-239M	10.02B	3.21B	2.13B	0
Other Non-Cash Items	23.1B	60.03B	46.23B	12.96B	20.83B	35.62B	44.79B	52.09B	41.7B	-68.08B
Working Capital Changes	-84.86B	-60.77B	-70.21B	-29.65B	-19.4B	5.1B	-27.31B	39.06B	-6.07B	-77.62B
Cash from Investing+	-361M	14.43B	-3.84B	20.13B	-38.66B	753M	-4.84B	-73.27B	-31.23B	6.97B
Purchase of Investments	-13.65B	-11.7B	-23.81B	-9.77B	-387M	-11.91B	-33M	-65.63B	-41.41B	0
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-742M	5.16B	-245M	1.38B	0	0	-10M	0	0	-135M
Other Investing	1.28B	742M	858M	-495M	-36.72B	-2.46B	3.66B	-4.91B	-4.47B	8.94B
Cash from Financing+	-8.53B	-22.33B	-16.92B	-31.58B	-21.3B	-13.55B	-31.46B	-31.71B	-22.45B	81.69B
Dividends Paid	-7.01B	-7.67B	-10.38B	-20.09B	-25.91B	-11.55B	-6.27B	-6.71B	-10.35B	-21.31B
Share Repurchases	-3.32B	-947M	-3.09B	-510M	0	0	0	0	-689M	-1.77B
Stock Issued	0	673M	980M	1.19B	742M	494M	510M	453M	689M	772M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	-1000K	1000K
Other Financing	-16.59B	10.28B	5.42B	-26M	-1.84B	2.82B	-1.54B	-3.26B	-1.29B	104.44B
Net Change in Cash+	-33.67B	4.47B	-12.8B	12.24B	-24.75B	35.01B	3.86B	370M	12.29B	743M
Exchange Rate Effect	1000K	-1000K	-1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K	1000K
Cash at Beginning	125.32B	91.65B	96.12B	83.31B	95.56B	70.81B	105.82B	103.89B	104.26B	116.54B
Cash at End	91.65B	96.12B	83.31B	95.56B	70.81B	105.82B	109.69B	104.26B	116.54B	117.29B
Interest Paid	0	0	0	0	77.31B	77.01B	0	107.47B	115.52B	131.1B
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	-37.08B	28.24B	5.05B	19.84B	30.85B	54.18B	51.02B	121.14B	68.3B	-98.15B
FCF Growth %	-1.44%	1.76%	-0.82%	2.93%	0.55%	0.76%	-0.06%	1.37%	-0.44%	-2.44%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	23.98%	17.55%	16.76%	16.9%	18.08%	12.43%	16.78%	17.1%	17.6%	19.55%
Return on Assets (ROA)	2.14%	1.65%	1.66%	1.67%	1.7%	1.03%	1.31%	1.33%	1.36%	1.52%
Net Interest Margin	5.7%	4.98%	4.69%	4.03%	2.58%	2.02%	2.9%	3.12%	2.52%	2.63%
Efficiency Ratio	30.48%	26.91%	30.9%	34.52%	33.38%	40.52%	34.44%	28.26%	25.15%	25.03%
Equity / Assets	8.94%	9.8%	10.05%	9.69%	9.13%	7.65%	7.95%	7.63%	7.83%	7.75%
Book Value / Share	11.49	13.44	14.7	15.39	15.27	15.77	16.73	17.96	18.34	20.38
NII Growth	54.28%	-7.49%	0.05%	-7.05%	-32.56%	-3.28%	46.89%	20.8%	-11.44%	16.91%
Dividend Payout	27.23%	35.48%	46.57%	80.67%	95.58%	61.13%	23.42%	22.96%	31.26%	51.88%

Frequently Asked Questions

Valuation & Price

Itaú Unibanco Holding S.A. (ITUB) has a price-to-earnings (P/E) ratio of 1.9x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Itaú Unibanco Holding S.A. (ITUB) grew revenue by 6.3% over the past year. This is steady growth.

Yes, Itaú Unibanco Holding S.A. (ITUB) is profitable, generating $44.35B in net income for fiscal year 2024 (12.6% net margin).

Dividend & Returns

Yes, Itaú Unibanco Holding S.A. (ITUB) pays a dividend with a yield of 26.89%. This makes it attractive for income-focused investors.

Itaú Unibanco Holding S.A. (ITUB) has a return on equity (ROE) of 19.5%. This is reasonable for most industries.

Industry Metrics

Itaú Unibanco Holding S.A. (ITUB) has a net interest margin (NIM) of 2.6%. NIM has been under pressure due to interest rate environment.

Itaú Unibanco Holding S.A. (ITUB) has an efficiency ratio of 25.0%. This is excellent, indicating strong cost control.

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