Distribution of Dividends and Interest on Capital, along with Share Buybacks
Dividends and Interest on Capital: Itaú Unibanco will pay dividends of BRL1.868223 per share and interest on capital of BRL0.369750 per share, with net interest after tax being BRL0.3142875 per share, totaling BRL 23.4 billion, with payments scheduled for December 19, 2025, and April 30, 2026, respectively.
Share Cancellation: The Board of Directors has approved the cancellation of 78,850,638 preferred shares, valued at R$ 3 billion, as part of a Buyback Program, which will not reduce the subscribed and paid-in share capital.
Share Structure Update: Following the cancellation, the company's share capital now consists of 10,705,698,245 shares, including 5,454,119,395 common shares and 5,251,578,850 preferred shares, with changes to the Bylaws to be addressed in the next General Shareholders' Meeting.
Commitment to Shareholder Value: Itaú Unibanco emphasizes its dedication to generating value for shareholders and maintaining transparency in its market communications.
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Analyst Views on ITUB
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- Earnings Report: Itau Unibanco reported a net income of $2.27 billion for Q1, with earnings per share at $0.20, falling short of Wall Street's expectation of $0.22, indicating pressure on its profitability.
- Revenue Performance: The bank's total revenue was $8.89 billion, with net revenue after interest expenses at $8.67 billion, both missing market forecasts, reflecting challenges in revenue growth.
- Market Reaction: The earnings miss may lead to investor concerns regarding Itau Unibanco's future growth prospects, potentially putting downward pressure on its stock price and affecting market confidence.
- Analyst Insights: Analysts express concern over Itau Unibanco's profitability, suggesting that the bank needs to implement effective measures to improve financial performance in order to regain investor trust and enhance market competitiveness.
- Q1 Revenue Growth: Itaú Unibanco reported Q1 revenue of R$46.82 billion, reflecting a 4.5% year-over-year increase, indicating the bank's resilience amid economic fluctuations and bolstering investor confidence.
- Credit Portfolio Outlook: The bank anticipates a credit portfolio growth of 5.5% to 9.5% in Brazil for 2026, suggesting an optimistic outlook on market demand that could drive future revenue growth.
- Profit Margin Expectations: Expected growth in financial margin with clients ranges from 5.0% to 9.0%, while market financial margins are projected between R$2.5 billion and R$5.5 billion, directly impacting the bank's profitability and shareholder returns.
- Cost Control Strategy: Non-interest expenses are expected to grow between 1.5% and 5.5%, alongside an effective tax rate forecasted between 29.5% and 32.5%, reflecting the bank's cautious approach to cost management, which helps maintain profitability.
- Earnings Announcement: Itau Unibanco (ITUB) is scheduled to announce its Q1 2023 earnings on May 5, after market close, drawing significant market attention.
- Earnings Expectations: The consensus EPS estimate stands at $0.21, indicating a fundamental confidence in the bank's profitability among analysts.
- Revenue Estimate Changes: While there has been one upward revision in EPS estimates, revenue estimates have faced two downward revisions, reflecting concerns about the bank's revenue growth.
- Market Reaction: As the earnings release approaches, investors will closely monitor Itau Unibanco's performance to assess its standing in the current economic climate and future growth potential.
- Price Fluctuation Analysis: SPEM's 52-week low is $34.38 and high is $51.355, with the latest trade at $50.44, indicating stability near the high point, which may attract investor interest in its technical performance.
- Technical Analysis Tool: Comparing the latest stock price to the 200-day moving average provides investors with deeper insights into market trends, enabling better timing for investment decisions.
- ETF Trading Mechanism: Exchange-traded funds (ETFs) trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, reflecting market liquidity and changes in investor sentiment.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding for ETFs helps identify those experiencing notable inflows (new units created) or outflows (old units destroyed), assessing their impact on underlying assets and overall market sentiment.
- Current Situation: Latin America is experiencing a significant moment, marked by potential opportunities and developments.
- Future Challenges: The region may face critical challenges ahead, hinging on several uncertain factors.
- Earnings Per Share: Itaú Unibanco reported a GAAP EPS of R$4.01 for Q4 2025, indicating the bank's ability to maintain stable profitability despite a year-over-year decline.
- Slight Revenue Decline: The bank's revenue for the quarter was R$167.78 billion, reflecting a 0.2% decrease year-over-year, which highlights the challenges and pressures faced by the banking sector amid changing economic conditions.
- Market Reaction: Despite the slight revenue drop, the market maintains a neutral stance on Itaú Unibanco's overall performance, indicating cautious optimism among investors regarding its future growth potential.
- Future Outlook: With a slow economic recovery, Itaú Unibanco may need to implement additional strategies to enhance revenue growth, particularly in maintaining its market share within a highly competitive financial landscape.









