Itaú Unibanco Reports Q2 2026 Net Income of R$12.4B, ROE 24.3%, and Lowers Fee Income Guidance
ITUB sits 35% above its 52-week low of $6.214.
Summary
Itaú Unibanco delivered R$12.4 billion in Q2 2026 net income with a 24.3% ROE and maintained all 2026 guidance except for a reduction in expected fee income growth.
Key Events · Earnings and Guidance · ITUB
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Q2 2026 Net Income R$12.4B
Recurring managerial result of R$12.4 billion, up 1.0% from Q1 2026 and 7.8% from Q2 2025, driven by loan growth and stable margins.
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ROE of 24.3%, CET1 at 12.3%
Consolidated recurring managerial ROE reached 24.3% (25.7% in Brazil). Common Equity Tier 1 ratio improved to 12.3%, up 0.3 p.p. from March 2026.
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Loan Portfolio Grows 9.6% YoY
Total credit portfolio reached R$1,522 billion, with Brazil up 9.6% and Latin America up 9.8% year-over-year. Mortgage origination led among private banks.
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Fee Income Guidance Lowered
2026 guidance for commissions and fees and insurance results was revised down to 2.0%-5.0% growth from 5.0%-9.0%, while all other guidance items were maintained.
Analysis · ITUB · Finance
Itaú Unibanco posted a solid Q2 2026 with R$12.4 billion in recurring managerial profit, a 24.3% ROE, and a 12.3% CET1 ratio. Loan growth remained strong at 9.6% year-over-year, and credit quality held steady with a 90-day NPL of 1.9%. However, the bank trimmed its 2026 guidance for commissions and fees growth to 2.0%-5.0% from 5.0%-9.0%, signaling a more cautious outlook on fee-based revenue. The results reinforce the bank's earnings power and capital strength, but the guidance cut introduces a modest headwind to the top-line growth narrative.
At the time of this filing, ITUB was trading at $8.41 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.