Itau Unibanco Banco Holding ( (ITUB) ) has released its Q1 earnings. Here is a breakdown of the information Itau Unibanco Banco Holding presented to its investors.
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Itau Unibanco Banco Holding is a prominent financial institution in Brazil, primarily engaged in banking services, including credit operations, insurance, and asset management, with a significant presence in Latin America.
In its latest earnings report for the first quarter of 2025, Itau Unibanco showcased a solid financial performance with notable growth in its recurring managerial results, despite some seasonal challenges. The bank reported a recurring managerial result of R$11.1 billion, reflecting a 2.2% increase from the previous quarter and a 13.9% rise year-on-year.
Key financial metrics highlighted include a 3.2% increase in the financial margin with clients, attributed to a higher average volume of the loan portfolio and a better product mix. The cost of credit rose by 3.8% due to lower revenue from credit recovery, while nonperforming loans over 90 days decreased to 2.3%, indicating improved credit quality. Commissions and fees, along with insurance operations, saw a slight decline due to seasonal factors and regulatory changes.
Looking ahead, Itau Unibanco’s management maintains a positive outlook, focusing on sustaining growth in its core banking operations and enhancing efficiency. The bank remains committed to optimizing its branch network and investing in technology to drive future performance.