Itaú Unibanco Delivers BRL 12.4B in Q2 2026 Net Income, ROE of 24.3%, While Lowering Fee Income Guidance
ITUB sits 35% above its 52-week low of $6.214.
Summary
Itaú Unibanco posted Q2 2026 net income of BRL 12.4 billion with a 24.3% ROE, supported by loan growth and record-low delinquencies, but trimmed its fee-income guidance for the year.
Key Events · Earnings and Guidance · ITUB
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Q2 Net Income BRL 12.4B, ROE 24.3%
Recurring managerial result rose 7.8% year-over-year to BRL 12.4 billion, with annualized ROE of 24.3%, reflecting consistent execution and high-quality growth.
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Credit Portfolio Grows 2.7% QoQ to BRL 1.5T
Total credit portfolio reached BRL 1.5 trillion, driven by balanced expansion in individuals and corporate segments; mortgage loans grew 3.9% and private-sector payroll loans surged 14.3%.
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NPL Ratio Stable at Record-Low 1.9%
The 90-day NPL ratio remained at 1.9% for the sixth consecutive quarter, reflecting prudent credit origination and portfolio adjustments.
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2026 Fee Income Guidance Trimmed to 2.0%–5.0%
The bank lowered its growth projection for commissions and fees and insurance operations from prior expectations, citing higher capital-markets volatility; all other 2026 guidance lines unchanged.
Analysis · ITUB · Finance
A solid quarter for Itaú Unibanco produced net income of BRL 12.4 billion and a 24.3% ROE, underpinned by disciplined credit expansion and stable asset quality. The credit portfolio grew 2.7% sequentially to BRL 1.5 trillion, while the NPL ratio held at a record-low 1.9%. Offsetting the strength, the bank lowered its 2026 growth outlook for commissions and fees and insurance operations to 2.0%–5.0%, citing higher capital-markets volatility — a modest headwind to non-interest revenue. The CET1 ratio remained strong at 12.3%, and the bank highlighted the launch of ia.i, its new AI-powered conversational experience, as a step in its digital transformation.
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At the time of this filing, ITUB was trading at $8.40 on NYSE in the Finance sector, with a market capitalization of approximately $92.8B. The 52-week trading range was $6.21 to $9.60. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.