Company Overview

Itaú Unibanco Holding S.A. provides a comprehensive range of financial products and services to personal and corporate customers in Brazil and internationally. Established in 1924 and headquartered in São Paulo, Brazil, Itaú Unibanco is one of Latin America's largest private financial institutions and a leading comprehensive banking service provider with operations spanning across multiple countries.

Business Operations and Structure

The company operates through three core segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. Itaú Unibanco serves a diverse customer base, including retail customers, high-income clients, microenterprises, small companies, middle-market companies, and high net worth institutional clients.

Core Services

Itaú Unibanco offers an extensive suite of financial products and services:

- Banking Services: This includes current accounts, loans, credit and debit cards, investment and commercial banking services, real estate lending and financing, economic, financial, and brokerage advisory, and leasing and foreign exchange services.

- Insurance Products: The bank provides non-life insurance products covering loss, damage, or liability for objects or people, as well as life insurance products covering death and personal accidents.

- Additional Financial Services: Itaú also offers pension plans, premium banking services, and various other tailored financial solutions for its diverse customer segments.

Market Position and Global Reach

Itaú Unibanco Holding S.A. is recognized as a leading financial institution in Latin America. Known for its extensive reach across 18 countries, the bank focuses on sustainable finance and innovation. This broad geographic presence firmly establishes Itaú as a key player in the regional financial services market.

Financial Performance

Key Financial Metrics

- Market Capitalization: 396.52 billion (as of September 23, 2025)

- Market Cap Growth: Increased by 15.58% in one year.

- Employee Count: 99,600 employees.

- Dividend Yield: 0.45%

Recent Financial Results

#### Q3 2024 Performance:

Itaú Unibanco reported strong financial performance in the third quarter of 2024, with a recurring managerial result of R$10.7 billion, an 18.1% increase year-over-year. Key highlights include:

- Credit Portfolio: Robust growth in the credit portfolio, reaching R$1,278 billion, and a healthy financial margin with clients, which improved by 4.5% quarter-over-quarter.

- Return on Equity: A recurring return on equity (ROE) of 22.7% and improved non-performing loan ratios, reflecting strong risk management.

#### Q1 2025 Performance:

The first quarter of 2025 showcased a 22.5% return on equity (ROE), record-low delinquency rates, and strong credit growth. Itaú's ROE of 22.5% (up from 21.9% in Q1 2024) highlights superior capital efficiency.

- Credit Quality: The non-performing loan (NPL) ratio fell to 2.3%, a 40-basis point improvement from 2024, marking a 17-quarter low.

- Efficiency: The bank's efficiency ratio dropped to a historic low of 38.1%, attributed to automation, streamlined operations, and strategic investments in innovation.

#### 2024 Annual Performance:

In 2024, Itaú Unibanco Holding's revenue reached 135.74 billion, an increase of 9.00% from the previous year's 124.53 billion. Earnings grew significantly by 24.11% to 41.09 billion.

Digital Transformation and Innovation

Itaú Unibanco is aggressively pursuing its digital transformation strategy. This includes enhancing client experience through a unified platform and sustained investment in artificial intelligence, which has boosted operational efficiency and customer satisfaction. With 16 new products launched in 2024 and more planned, Itaú is solidifying its leadership in Brazil's digital banking sector. The bank's AI-driven solutions have also improved risk management and contributed to historically low delinquency rates.

Capital Strength and Risk Management

Itaú Unibanco maintains a robust capital position backed by strong risk management practices:

- Capital Ratios: Credit costs stand at a low 2.6% of the loan book. The bank's balance sheet is strong, compliant with Basel III, and features a 15.7% total capital ratio, providing ample flexibility. The Common Equity Tier 1 (CET1) ratio is 12.6%, comfortably above the 10.5% regulatory minimum, supporting dividend sustainability.

Stock Exchange Listing

Itaú Unibanco is listed and trades on the New York Stock Exchange (NYSE) through its American Depositary Shares (ADSs), which represent underlying preferred shares. This accessibility allows international investors to gain exposure to the Brazilian banking sector. The company also trades on the B3 stock exchange in Brazil.

Future Outlook

Looking ahead, Itaú Unibanco is committed to maintaining its growth trajectory and capitalizing on opportunities in sustainable finance. Management has provided optimistic guidance for 2024, signaling continued strategic investments and a focus on customer-centric innovation. The bank's dedication to sustainable finance, combined with its strong fundamentals, positions it for long-term growth and continued shareholder value creation in the Brazilian banking sector.