The bank maintains a stable capital structure with an equity-to-assets ratio consistently held between 7% and 8% over the last ten quarters.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 |
|---|
| Cash & Short Term Investments | 1.49T | 427.12B | 637.43B | 615.43B | 577.22B | 517.4B | 570.11B | 458.04B | 487.19B | 713.61B | 636.67B | 620.38B | 523.94B | 503.19B | 500.62B | 398.19B | 314.96B | 238.55B | 175.66B | 120.43B | 62.36B | 44.4B | 34.59B | 34.77B | 20.09B | 22.55B |
| Cash & Due from Banks | 273.61B | 270.61B | 263.76B | 228.41B | 210.72B | 224.85B | 191.97B | 156.2B | 157.73B | 146.63B | 126.93B | 115.63B | 103.71B | 119.25B | 101.49B | 136.54B | 110.78B | 108.31B | 64.4B | 58.6B | 25.82B | 21.55B | 16.01B | 15.38B | 12.16B | 9.33B |
| Short Term Investments | 111.51B | 156.51B | 373.68B | 387.01B | 366.5B | 292.56B | 378.14B | 301.84B | 329.46B | 566.98B | 509.74B | 504.76B | 420.22B | 383.94B | 399.12B | 261.65B | 204.18B | 130.24B | 111.27B | 61.83B | 36.54B | 22.85B | 18.58B | 19.39B | 7.93B | 13.22B |
| Total Investments | 2.08T | 2.25T | 2.37T | 2.1T | 1.92T | 1.67T | 1.66T | 1.33T | 1.26T | 1.23T | 1.17T | 1.11T | 979.91B | 869.14B | 828.74B | 662.84B | 598.78B | 423.32B | 313.13B | 200.4B | 131.17B | 87.99B | 72.77B | 67.19B | 45.35B | 45.85B |
| Investments Growth % | -4.65% | -4.92% | 12.73% | 9.39% | 14.99% | 0.52% | 25.12% | 5.28% | 2.35% | 5.36% | 5.55% | 12.97% | 12.75% | 4.87% | 25.03% | 10.7% | 41.45% | 35.19% | 56.25% | 52.78% | 49.07% | 20.91% | 8.31% | 48.16% | -1.09% | - |
| Long-Term Investments | 7.74T | 2.09T | 1.99T | 1.71T | 1.55T | 1.38T | 1.28T | 1.02T | 930.46B | 664.02B | 658.64B | 602.22B | 559.69B | 485.19B | 429.62B | 401.19B | 394.6B | 293.08B | 201.87B | 138.57B | 94.63B | 65.14B | 54.19B | 47.8B | 37.42B | 32.63B |
| Accounts Receivables | 4.22B | 4.4B | 4.08B | 3.78B | 3.61B | 3.84B | 2.98B | 3.24B | 3.16B | 2.84B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.36B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 25.84B | 24.09B | 24B | 23.36B | 23.11B | 21.11B | 17.33B | 19.72B | 19.33B | 19.38B | 17.06B | 8.35B | 8.1B | 7.7B | 4.67B | 3.83B | 17.6B | 37.28B | 7.1B | 7.58B | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 10.39B | 8.34B | 8.35B | 7.83B | 7.55B | 7.82B | 8.19B | 11.16B | 11.44B | 11.14B | 9.86B | 2.06B | 1.96B | 1.91B | 0 | 0 | 14.66B | 14.71B | 423M | 635M | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 15.45B | 15.75B | 15.65B | 15.53B | 15.56B | 13.29B | 9.14B | 8.56B | 7.89B | 8.24B | 7.2B | 6.29B | 6.13B | 5.8B | 4.67B | 3.83B | 2.93B | 22.57B | 6.68B | 6.95B | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 12.3B | 12.63B | 13.26B | 12.49B | 11.63B | 12.01B | 11.85B | 10.97B | 7.3B | 7.36B | 8.04B | 8.54B | 8.71B | 6.56B | 5.63B | 5.36B | 4.8B | 4.57B | 2.96B | 2.75B | 2.86B | 2.48B | 2.57B | 2.69B | 2.78B | 2.79B |
| Other Assets | 849.7B | 667.47B | 20.18B | 22.45B | 20.95B | 20.69B | 20.58B | 24.29B | 21.85B | -15.46B | -14.18B | -18.44B | -12.5B | -14.74B | -19.97B | -20.34B | -14.36B | -6B | 13.78B | 10.46B | 25.87B | 23.92B | 21.51B | 16.87B | 22.57B | 12.96B |
| Total Current Assets | 212.78B | 204.32B | 746.18B | 719.65B | 661.93B | 588.94B | 631.43B | 519.02B | 541.07B | 725.07B | 643.55B | 628.29B | 532.08B | 510.69B | 508.82B | 405.35B | 318.94B | 263.06B | 175.66B | 120.43B | 62.36B | 44.4B | 34.59B | 34.77B | 20.09B | 22.55B |
| Total Non-Current Assets | 2.93T | 2.87T | 2.11T | 1.82T | 1.66T | 1.48T | 1.39T | 1.12T | 1.01T | 711.17B | 707.77B | 648.13B | 595.13B | 516.6B | 448.33B | 412.78B | 408.15B | 336.03B | 225.71B | 159.37B | 129.91B | 94.94B | 81.05B | 69.01B | 64.07B | 49.68B |
| Total Assets | 3.14T | 3.08T | 2.85T | 2.54T | 2.32T | 2.07T | 2.02T | 1.64T | 1.55T | 1.44T | 1.35T | 1.28T | 1.13T | 1.03T | 957.15B | 818.14B | 727.08B | 599.09B | 401.38B | 279.81B | 192.27B | 139.35B | 115.64B | 103.78B | 84.16B | 72.24B |
| Asset Growth % | 32.3% | 7.78% | 12.24% | 9.57% | 12.17% | 2.47% | 23.31% | 5.45% | 8.12% | 6.28% | 5.87% | 13.24% | 9.73% | 7.33% | 16.99% | 12.52% | 21.36% | 49.26% | 43.45% | 45.52% | 37.98% | 20.5% | 11.44% | 23.3% | 16.51% | - |
| Return on Assets (ROA) | 1.52% | 1.51% | 1.52% | 1.36% | 1.33% | 1.31% | 1.03% | 1.7% | 1.67% | 1.66% | 1.65% | 2.14% | 2% | 1.66% | 1.42% | 1.79% | 1.77% | 2.82% | 1.42% | 3.25% | 3.55% | 4.27% | 4.22% | 3.48% | 3.62% | 2.55% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 1.08T | 1.01T | 905.63B | 814.62B | 721.4B | 574.07B | 577.99B | 544.15B | 559.07B | 536.18B | 669.98B | 587.45B | 484.51B | 450.11B | 436.51B | 330.72B | 306.77B | 205.88B | 141.44B | 102.6B | 59.75B | 38.98B | 33.89B | 36.88B | 24.93B | 24.25B |
| Net Debt | 811.09B | 741.99B | 641.87B | 586.21B | 510.68B | 349.22B | 386.02B | 387.95B | 401.35B | 389.54B | 543.04B | 471.82B | 380.8B | 330.87B | 335.01B | 194.18B | 195.99B | 97.57B | 77.04B | 44B | 33.92B | 17.43B | 17.88B | 21.5B | 12.77B | 14.92B |
| Long-Term Debt | 414.74B | 423.56B | 277.99B | 261.51B | 265.87B | 189.88B | 180.23B | 160.23B | 147.14B | 124.13B | 226.41B | 154.4B | 119.96B | 116.16B | 103.49B | 78.14B | 70.63B | 58.98B | 37.67B | 31.03B | 17.98B | 14.8B | 14.74B | 15.05B | 12.19B | 8.04B |
| Short-Term Debt | 666.83B | 585.76B | 623.96B | 549.81B | 451.6B | 378.86B | 387.62B | 375.66B | 411.94B | 412.04B | 443.57B | 433.05B | 364.56B | 333.95B | 333.02B | 252.58B | 236.14B | 146.9B | 103.77B | 71.58B | 41.77B | 24.19B | 19.15B | 21.82B | 12.74B | 16.21B |
| Other Liabilities | 1.82T | 1.84T | 651.78B | 560.13B | 529.71B | 464.41B | 458.98B | 412.25B | 364.99B | 347.26B | 219.31B | 277.7B | 243.81B | 215.71B | 195.55B | 161.17B | 143.37B | 82.21B | 49.18B | 39.34B | 46.19B | 32.8B | 25.72B | 19.4B | 17.3B | 13.25B |
| Total Current Liabilities | 666.83B | 585.76B | 1.7T | 1.52T | 1.34T | 1.24T | 1.22T | 907.66B | 887.23B | 817.77B | 773.5B | 727.98B | 661.23B | 609.81B | 577.97B | 498.6B | 440.16B | 375.87B | 278.89B | 171.83B | 99.33B | 72.02B | 57.43B | 54.93B | 43.24B | 42.18B |
| Total Non-Current Liabilities | 2.25T | 2.28T | 935.31B | 826.82B | 802.6B | 663.18B | 647.9B | 580.36B | 515.1B | 474.11B | 445.43B | 434.38B | 365.35B | 333.3B | 303.19B | 244.2B | 219.37B | 141.18B | 86.85B | 70.36B | 64.17B | 47.6B | 40.46B | 34.45B | 29.5B | 21.29B |
| Total Liabilities | 2.92T | 2.86T | 2.63T | 2.34T | 2.14T | 1.9T | 1.86T | 1.49T | 1.4T | 1.29T | 1.22T | 1.16T | 1.03T | 943.11B | 881.16B | 742.8B | 659.53B | 517.05B | 365.74B | 242.2B | 163.5B | 119.62B | 97.89B | 89.38B | 72.74B | 63.46B |
| Total Equity | 227.5B | 214.97B | 221.28B | 199.05B | 177.11B | 164.48B | 154.53B | 149.47B | 150.47B | 144.36B | 132.38B | 114.06B | 100.62B | 84.19B | 76B | 75.34B | 67.55B | 82.03B | 35.63B | 37.61B | 28.78B | 19.72B | 17.75B | 14.39B | 11.43B | 8.77B |
| Equity Growth % | 19.21% | -2.85% | 11.17% | 12.39% | 7.68% | 6.44% | 3.39% | -0.67% | 4.23% | 9.04% | 16.07% | 13.36% | 19.51% | 10.78% | 0.88% | 11.52% | -17.65% | 130.23% | -5.26% | 30.69% | 45.92% | 11.09% | 23.33% | 25.97% | 30.24% | - |
| Equity / Assets (Capital Ratio) | 7.24% | 6.99% | 7.75% | 7.83% | 7.63% | 7.95% | 7.65% | 9.13% | 9.69% | 10.05% | 9.8% | 8.94% | 8.93% | 8.2% | 7.94% | 9.21% | 9.29% | 13.69% | 8.88% | 13.44% | 14.97% | 14.15% | 15.35% | 13.87% | 13.58% | 12.15% |
| Return on Equity (ROE) | 20.77% | 20.56% | 19.55% | 17.6% | 17.1% | 16.78% | 12.43% | 18.08% | 16.9% | 16.76% | 17.55% | 23.98% | 23.33% | 20.51% | 16.7% | 19.37% | 15.65% | 23.94% | 13.24% | 23.08% | 24.25% | 29.09% | 28.83% | 25.32% | 28% | 21.02% |
| Book Value per Share | 20.46 | 19.21 | 20.38 | 18.34 | 17.96 | 16.73 | 15.77 | 15.27 | 15.39 | 14.70 | 13.44 | 11.49 | 10.09 | 8.46 | 7.64 | 7.55 | 6.76 | 8.27 | 4.95 | 5.16 | 4.17 | 2.89 | 2.58 | 2.09 | 1.69 | 1.29 |
| Tangible BV per Share | 18.14 | 17.06 | 18.17 | 16.19 | 15.62 | 14.58 | 14.00 | 13.26 | 13.42 | 12.73 | 11.71 | 10.65 | 9.28 | 7.69 | 7.17 | 7.17 | 5.00 | 4.51 | 3.96 | 4.12 | 4.17 | 2.89 | 2.58 | 2.09 | 1.69 | 1.29 |
| Common Stock | 135.23B | 136.84B | 90.73B | 90.73B | 90.73B | 90.73B | 97.15B | 97.15B | 97.15B | 97.15B | 97.15B | 85.15B | 75B | 60B | 45B | 45B | 0 | 0 | 0 | 0 | 0 | 0 | 8.36B | 5.01B | 4.51B | 3.9B |
| Additional Paid-in Capital | 1.74B | 2.87B | 0 | 0 | 0 | 0 | 2.52B | 2.17B | 2.12B | 1.93B | 1.78B | 1.73B | 1.51B | 984M | 888M | 738M | 45.49B | 33.98B | 7.43B | 6.59B | 13.7B | 9.09B | 4.89B | 343.34M | 162.83M | 157.92M |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29.88B | 29.67B | 26.03B | 23.74B | 20.95B | 16.3B | 12.14B | 7.38B | 5.56B | 19.07B | 11.19B | 16.01B | 19.18B | 13.34B | 9.69B | 6.99B | 7.16B | 5.14B | 3.87B |
| Accumulated OCI | 80.61B | 64.7B | 121.27B | 99.46B | 77.06B | 62.66B | 46.75B | 9B | 9.67B | 9.01B | -696M | 8.78B | 7.78B | 11.96B | 24.16B | 24.3B | 21.01B | 937M | 2.58B | 3.09B | 1.43B | 828.92M | 1.34B | 1.76B | 1.5B | 671.14M |
| Treasury Stock | -261.75M | -12.99M | -909M | -11M | -71M | -528M | -907M | -1.27B | -1.82B | -2.74B | -1.88B | -4.35B | -1.33B | -1.85B | -1.52B | -1.66B | -628M | -1.03B | -1.53B | -1.17B | -1.12B | -1.3B | -475.43M | -389.5M | -261.95M | -243.84M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24.21B | 24.21B | 9.88B | 8.56B | 0 | 3.98B | 3.97B | 0 | 0 | 0 |
Brazilian macro credit volatility
According to recent financial statements, ITUB's total assets have grown from $2.5T in 2023Q4 to $3.1T by 2026Q1, reflecting a consistent expansionary trend that suggests management is successfully scaling the balance sheet despite the inherent volatility of the underlying Brazilian economic environment and shifting interest rate cycles.
The growth in total assets appears driven by a combination of organic credit expansion and tactical adjustments to the securities portfolio. Investors should monitor whether this asset growth is accompanied by a commensurate improvement in risk-adjusted returns, as rapid expansion in the Brazilian market often precedes cyclical credit quality deterioration.
Based on reported figures, the bank has maintained a stable equity-to-assets ratio of approximately 7% to 8% over the last ten quarters, which indicates that management is successfully balancing aggressive capital deployment with the regulatory necessity of maintaining a robust capital buffer against potential domestic economic shocks.
This capital position appears sufficient to absorb moderate credit losses while providing the flexibility to continue dividend distributions and share buybacks. However, the reliance on the Interest on Equity mechanism warrants further investigation, as any legislative changes to this tax treatment could impact the bank's future capital generation capacity.
As reported in quarterly filings, the bank's investment securities portfolio has fluctuated significantly, reaching a peak of $2.4T in 2024Q4, which suggests that management utilizes these liquid assets as a primary tool for managing liquidity and interest rate sensitivity within the volatile Brazilian financial system.
The high concentration of investment securities relative to total assets implies a conservative liquidity posture, likely intended to offset the risks associated with the bank's retail loan book. This strategy appears to provide a necessary cushion, though it leaves the bank exposed to duration risk if interest rate expectations shift abruptly.
Based on the provided data, the persistent level of loan loss provisions, which reached $8.3B in 2026Q1, suggests that the bank's balance sheet remains highly sensitive to the credit quality of its retail and corporate borrowers, potentially masking underlying risks during periods of favorable macroeconomic conditions.
While the bank's profitability remains strong, the consistent need for high provisioning levels indicates that the loan book may be more vulnerable to delinquency spikes than headline figures suggest. Investors should monitor the 90-day delinquency bucket closely, as it serves as a critical leading indicator for potential future balance sheet strain.
Quick answers to the most common questions about buying ITUB stock.
As of 2025, Itaú Unibanco Holding S.A. (ITUB) had total assets of $3.08T including $204.32B in current assets.
Itaú Unibanco Holding S.A. (ITUB) carries total debt of $1.01T. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Itaú Unibanco Holding S.A. (ITUB) has total shareholders' equity (book value) of $204.40B ($19.21 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Itaú Unibanco Holding S.A. (ITUB) reported a current ratio of 0.35x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.