EarningsQ2 2026 Earnings Report
MX:ITUBN Q2 2026 EPS Results
Actual EPS$3.80
Consensus EPS$4.01
Beat/MissMissed by -$0.22
One Year Ago EPS$3.29
MX:ITUBN Q2 2026 Revenue Results
Actual Revenue$358.14B
Expected Revenue$168.77B
Beat/MissBeat by +$189.37B
YoY Revenue Growth-8.34%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeAfter Close
Conference CallTuesday, August 4, 2026
MX:ITUBN Upcoming Earnings
Itau Unibanco's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:ITUBN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely positive picture: strong recurring earnings, high ROE, healthy loan growth, improving margins and a solid capital base, supported by disciplined cost control and stable credit metrics. Management made a prudent, limited downgrade to fee/insurance guidance and flagged some market volatility, SME delinquency mechanical increases and industry risks, but emphasized these as manageable and largely mechanical. On balance the operational and financial strengths and stable credit performance outweigh the modest headwinds.Company Guidance
Strong Recurring Earnings
Recurring net income of BRL 12.4 billion, up 7.8% year-over-year and 1.0% quarter-over-quarter, described as another very solid result.
Very High Returns on Equity
Consolidated ROE of 24.3% and Brazil ROE of 25.7%; on a CET1 (11.5%) adjusted basis consolidated ROE would be 25.1% and Brazil ROE 26.7%, demonstrating strong profitability.
Loan Portfolio Growth with Quality
Total loan portfolio reached BRL 1.522 trillion, +2.7% QoQ and nearly +10% YoY. Brazil portfolio grew +9.6% YoY and +2.6% QoQ; large companies +10% YoY and +4.4% QoQ.
Net Interest Income and NIM Improvement
NII with clients BRL 32.6 billion (+3.3% QoQ; +5% YoY). Core NII rose BRL 800 million (+2.9% QoQ). Risk‑adjusted NIM reached 6.2% (+10 bps QoQ); Brazil risk‑adjusted NIM 6.7% (up 10 bps).
Capital Position and Generation
Common Equity Tier 1 ratio of 12.3% (+30 bps QoQ). Bank generated 0.8% of CET1 through earnings retention during the period; AT1 reported at 1.5% (actual 1.7% limited by regulation).
Cost Discipline and Efficiency Gains
Noninterest (total) expenses growth contained at +3.1% YoY; commercial & administrative expenses declined -0.5% YoY. Efficiency ratio in Brazil improved to 35.5% in Q2 (H1: 35.2% vs 35.7% prior) and consolidated efficiency 37.4% in Q2 (H1: 37.3%).
Stable Credit Quality and Mortgage Momentum
Cost of credit stable at 2.7% of the portfolio (series stability since Q1 2025). NPL 15–90 days broadly stable; individual portfolio ~3.0%. Mortgage portfolio BRL 152 billion (+3.9% QoQ; +13.3% YoY) and surpassed credit card portfolio; BRL 36 billion in mortgage originations L12M and 55% market share among private banks.
Strong Insurance, Advisory and Asset Management Performance
Insurance, pension plans and premium bonds results up +8.7% YoY (+12.8% vs H1 2025). Advisory & brokerage revenues +32.5% YoY (H1 +25.3%). Asset management revenues +7.3% YoY and H1 performance fees +11.0% YoY.
MX:ITUBN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed