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Itaú Unibanco (ITUB4) investor relations material
Itaú Unibanco Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary5 Nov, 2025
Executive summary
Net income and recurring managerial result reached BRL 11.9 billion in 3Q25, up 3.2% from 2Q25 and 11.3% year-over-year, with consolidated ROE at 23.3% and Brazil ROE at 24.2%.
Operating revenues for 3Q25 totaled BRL 46.6 billion, a 1.8% increase from 2Q25 and 9.1% year-over-year.
Loan portfolio grew to BRL 1.4 trillion, up 0.9% quarter-over-quarter and 6.4% year-over-year, with high asset quality and controlled delinquency.
CET1 capital ratio increased to 13.5%, with Tier 1 at 14.8%, reflecting strong profit generation and prudent capital management.
Efficiency ratio for the nine months was 36.9% in Brazil and 38.8% consolidated, among the lowest in the sector.
Financial highlights
Managerial financial margin for 3Q25 was BRL 31.4 billion, up 0.7% sequentially and 10.1% year-over-year.
Services and insurance revenues grew 4.0% quarter-over-quarter and 7.1% year-over-year.
Mortgage origination in 9M25 was BRL 24 billion, up 24% year-over-year, with a 47% market share among private banks.
Credit card portfolio grew 4.3% in the quarter, with mid/high income segments up nearly 24% year-over-year.
Consumer credit rose 3.1% in the quarter and 9.6% year-over-year; revolving credit up 5% in the quarter and 15% year-over-year.
Payments and collections revenues up 3.7% in the quarter and 8.0% year-over-year; transaction volume up 6.6% in the quarter and 12.8% year-over-year.
Insurance business posted 5.7% growth quarter-over-quarter and 17.8% year-over-year.
Outlook and guidance
2025 guidance maintained for credit portfolio growth (4.5%-8.5%), financial margin with clients (11%-14%), commissions and fees (4%-7%), and non-interest expenses (5.5%-8.5%).
Financial margin with the market guidance revised upward to BRL 3.0-3.5 billion.
Management remains cautious for 2026 due to macro uncertainties, but highlights readiness to react quickly to changing scenarios.
Explain NPL 15-90 increase from specific client
Impact of new Pix features for business clients?
Future capital impact of CMN Res. 4,966/21?
CET1 comfort level and payout policy
Retail portfolio doubling: When will growth accelerate?
Mass market strategy: Impact on efficiency ratio?
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Next Itaú Unibanco earnings date
Q4 20255 Feb, 2026
Next Itaú Unibanco earnings date
Q4 20255 Feb, 2026
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Frequently asked questions
Itaú Unibanco Holding S.A. provides a range of financial products and services in Brazil and internationally, providing customers the opportunity to reach financial success. The company's segment consists of Automobile and Insurance; Capital Markets; Real Estate, Loans, Leasing and Credit; Small and Medium Businesses; Retail Finance; Private Financial Services, Institutional Asset Management of Private Equities (IAM) & Private Integration (PI); Consumer Finance; Corporate Information Solutions and Innovation, among others. Itaú Unibanco Holding S.A. is based in São Paulo, Brazil.
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