Itau Unibanco Stock Price, News & Analysis

Itaú Unibanco announced that it will publish its 1Q23 results on May 8th, before trading hours in Brazil and the United States. The results will be available on the investor relations website. An interactive meeting is scheduled for May 8th at 10 a.m (EDT) and 11 a.m (Brasília time), featuring a Q&A session. Key speakers from the meeting include CEO Milton Maluhy, CFO Alexsandro Broedel, and Renato Lulia from IOR. Investors can register for the event via the provided link and are encouraged to stay updated on the company's latest news through its Investor Relations website.

Itaú Unibanco Holding S.A. announced a settlement agreement with the Government of the State of Paraná regarding a long-standing legal claim. The agreement, subject to ratification by the Brazilian Supreme Court, will see Itaú Unibanco receive R$1.7 billion for a debt that has been outstanding for over 20 years. This debt is secured by shares from Companhia Paranaense de Energia – COPEL. Payments will be made in three installments over two years, with options for accelerated payments tied to a potential public offering of COPEL shares. The last installment may be paid in advance if the offering occurs in 2023, enabling the settlement to conclude within a year of approval.

ITAÚ UNIBANCO HOLDING S.A. has announced the approval from its Board of Directors for the payment of interest on capital to shareholders. The total amount is set at R$0.262 per share, resulting in a net payment of R$0.2227 per share after a 15% income tax withholding. This payment is scheduled for August 31, 2023, based on the final shareholding recorded on March 23, 2023, with shares trading ex-rights from March 24, 2023. Common (ITUB3) and preferred (ITUB4) shares will receive the same amount.

Itaú Unibanco Holding S.A. announced on March 2, 2023, its intention to initiate a voluntary tender offer for the acquisition of up to 34.38% of Itaú Corpbanca's outstanding shares. Currently, Itaú Unibanco owns 65.62% of Itaú Corpbanca. The offer will feature a purchase price of CLP 2.00 per share, reflecting a 10% premium over the average trading price in the past 60 sessions. The tender offer is expected to occur in the first half of 2023 and will require regulatory approvals from the Central Bank of Brazil and the Comisión para el Mercado Financiero in Chile. The company aims to keep stockholders informed during the process.

Itaú Unibanco Holding S.A. has announced that the Complete Financial Statements and Management Discussion and Analysis for the 4th quarter of 2022, ending December 31, 2022, are available on their Investor Relations website. A virtual meeting to discuss these results will take place on February 8, 2023 at 08:00 a.m. (EST). This meeting will provide shareholders insights into the bank's financial performance and outlook, highlighting important metrics and potential strategies moving forward.

Itaú Unibanco Holding S.A. has announced its projections for 2023, focusing on key financial metrics.

Key Highlights:

• Total credit portfolio expected to grow between 6.0% and 9.0%.
• Financial margin with clients projected to increase by 13.5% to 16.5%.
• Estimated financial margin with the market between R$ 2.0 bn and R$ 4.0 bn.
• Cost of credit projected between R$ 36.5 bn and R$ 40.5 bn.
• Commissions and fees growth forecasted at 7.5% to 10.5%.
• Non-interest expenses expected to grow between 5.0% and 9.0%.
• Consolidated efficiency ratio estimated below 40%.
• Effective tax rate expected between 28.5% and 31.5%.

Itaú Unibanco announced that it will disclose its 4Q22 financial results on February 7, 2023, after trading hours in both Brazil and the United States. An interactive meeting will follow on February 8, 2023, at 8 a.m. EST, to present these results with a Q&A session. Investors can register for the meeting at this link. The announcement aims to keep shareholders informed and engaged with the company's performance.