Earnings ·
Itaú Unibanco posts R$12.6bn recurring profit in Q3, up 1.7% quarter-over-quarter
ITUBItau Unibanco Holding S.A.
Itaú Unibanco Holding S.A. reported a third-quarter recurring managerial result of R$12.6 billion (US$2.4 billion), representing a 1.7% increase from the second quarter and a 6.2% rise year-over-year. Operating revenues grew 5.5% to R$49.2 billion, driven by a 7.8% expansion in the managerial financial margin to R$34.6 billion and higher commissions and fees. The loan portfolio expanded 10.2% annually to R$1.54 trillion, with mortgage and payroll loans leading growth in Brazil. Nonperforming loans (90 days overdue) rose slightly to 2.0%, while the efficiency ratio improved to 37.5%. The bank maintains a strong capital position with a Common Equity Tier I ratio of 12.7% and a Liquidity Coverage Ratio of 205.8%. Itaú Unibanco is Brazil's largest private bank, providing retail, wholesale, and investment banking services across Latin America.