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Itaú Unibanco (NYSE: ITUB) posts BRL 12.4B and 24.3% ROE in 2Q26

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(Neutral)
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(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Itaú Unibanco Holding S.A. reported recurring managerial result of BRL 12.4 billion in the second quarter of 2026, with annualized recurring return on average equity of 24.3%. The total credit portfolio reached BRL 1.5 trillion, up 2.7% from the prior quarter, while the 90-day nonperforming loan ratio remained at 1.9% for the sixth consecutive quarter.

Growth was balanced across individuals and corporate clients, with mortgage loans up 3.9%, payroll loans up 3.5% and private-sector payroll loans up 14.3% in the quarter. Financial margin with clients increased 3.3%. Commissions, fees and insurance results rose 0.4%, and non-interest expenses were BRL 16.7 billion, up 3.3%, contributing to an efficiency ratio in Brazil of 35.5%.

The bank ended the quarter with a Common Equity Tier 1 ratio of 12.3%, supported by organic capital generation. Guidance for 2026 growth in commissions, fees and insurance results was revised to a range between 2.0% and 5.0%. Reported results were in line with market consensus of BRL 12,466 million in managerial result.

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Recurring Managerial Result 2Q26 BRL 12,407 million Second quarter 2026 recurring managerial result
Annualized ROE 2Q26 24.3% Annualized recurring managerial return on average equity in 2Q26
Total Credit Portfolio 2Q26 BRL 1.5 trillion Total credit portfolio at end of second quarter 2026
NPL Ratio 90+ Days 2Q26 1.9% Nonperforming loan ratio over 90 days, stable for sixth consecutive quarter
Non-Interest Expenses 2Q26 BRL 16.7 billion Non-interest expenses in second quarter 2026, up 3.3% quarter-on-quarter
Efficiency Ratio Brazil 2Q26 35.5% Efficiency ratio in Brazil in the second quarter of 2026
CET1 Ratio 2Q26 12.3% Common Equity Tier 1 capital ratio at quarter-end
2026 Fees & Insurance Guidance 2.0%–5.0% growth Projected 2026 growth for commissions, fees and insurance results
Recurring Managerial Result financial
"the bank recorded a recurring managerial result of BRL 12.4 billion"
Nonperforming loan ratio financial
"The consolidated nonperforming loan ratio remained at its best historical levels"
Financial margin with clients (NII with clients) financial
"The financial margin with clients (NII with clients) grew 3.3% in the quarter"
Efficiency ratio financial
"The efficiency ratio in Brazil reached 35.5% in the second quarter of 2026"
A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.
Common Equity Tier 1 (CET1) ratio financial
"The Common Equity Tier 1 (CET1) ratio reached 12.3%"
The common equity tier 1 (CET1) ratio is a measure of a bank’s financial strength, showing how much high-quality capital it has compared to its risk-weighted assets. Think of it as a safety buffer or cushion that helps ensure the bank can withstand financial stress. A higher CET1 ratio indicates a stronger position, which is important for investors because it signals greater stability and resilience.
private-sector payroll loans financial
"Private-sector Payroll Loans grew 14.3% in the quarter"

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FAQ

What were Itaú Unibanco (ITUB)'s net income and ROE in 2Q26?
Itaú Unibanco reported recurring managerial result of BRL 12.4 billion in 2Q26 and an annualized recurring return on average equity of 24.3%. These figures reflect high profitability alongside a growing credit portfolio and historically low delinquency levels.

How did Itaú Unibanco (ITUB)'s credit portfolio perform in 2Q26?
The total credit portfolio reached BRL 1.5 trillion, a 2.7% increase versus 1Q26. Growth was balanced between individuals and corporate clients, while the 90-day nonperforming loan ratio stayed at 1.9% for the sixth consecutive quarter, indicating stable asset quality.

What 2026 guidance did Itaú Unibanco (ITUB) give for fees and insurance results?
Itaú Unibanco now projects 2.0% to 5.0% growth in 2026 for commissions, fees and results from insurance operations. The revision reflects higher-than-expected capital markets volatility, while guidance for other disclosed lines remains unchanged according to management.

How efficient and well-capitalized is Itaú Unibanco (ITUB) after 2Q26?
In 2Q26 the efficiency ratio in Brazil was 35.5%, showing strong cost productivity. The Common Equity Tier 1 (CET1) capital ratio stood at 12.3%, supported by organic capital generation and prudent resource management, indicating solid capitalization and liquidity levels.

How did Itaú Unibanco (ITUB)'s 2Q26 results compare to market consensus?
The managerial result was BRL 12,407 million, versus market consensus of BRL 12,466 million, a difference of 0.5%. Management stated that second-quarter 2026 results were in line with consensus estimates compiled from major sell-side institutions.

What role did technology and AI play in Itaú Unibanco (ITUB)'s 2Q26 strategy?
Management highlighted the launch of ia.i, a proprietary artificial intelligence integrated into the Itaú SuperApp that combines conversational AI, financial advisory and human interaction. It is part of an AI First strategy to improve decision support, efficiency and personalization for clients.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of August, 2026
Comission File Number: 001-15276
Itaú Unibanco Holding S.A.
(Exact name of registrant as specified in its charter)
Itaú Unibanco Holding S.A.
(Translation of Registrant’s Name into English)
Praça Alfredo Egydio de Souza Aranha, 100 - Torre Conceição
CEP 04344-902 São Paulo, SP, Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒        Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes ☐   No ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes ☐  No ☒
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐    No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
82– __________________





EXHIBIT INDEX

99.1
ITAÚ UNIBANCO - Announcement to the Market - Press Release 2Q26




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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: August 4, 2026.
Itaú Unibanco Holding S.A.
By: /s/ Gustavo Lopes Rodrigues
Name: Gustavo Lopes Rodrigues
Title: Investor Relations Officer.

Itaú Unibanco reports net income of BRL 12.4 billion and ROE1 of 24.3% in the second quarter of 2026 Results reflect consistent execution, high-quality growth and investments in technology to enhance client experience São Paulo, August 4, 2026 | Itaú Unibanco announced its results today for the second quarter of 2026. In the period, the bank recorded a recurring managerial result of BRL 12.4 billion, and with an annualized recurring managerial return on average equity (ROE) of 24.3%. The total credit portfolio reached BRL 1.5 trillion, sustaining a trajectory of sustainable growth and high- quality origination. The consolidated nonperforming loan ratio remained at its best historical levels, reflecting the bank's prudent credit strategy. 2Q26 Highlights: The 2.7% growth of the credit portfolio in the quarter was supported by the balanced expansion of operations with individuals and corporate. In the individuals segment, the highlights were the growth in Mortgage Loans (+3.9%) and in Payroll Loans (+3.5%). Private-sector Payroll Loans grew 14.3% in the quarter, reflecting broader access to a more affordable and attractive credit line for clients. The financial margin with clients (NII with clients) grew 3.3% in the quarter, driven by the larger credit portfolio and by the calendar effect (with a higher number of calendar days in the quarter). The NPL ratio (over 90 days) ended the quarter at 1.9%, remaining stable for the sixth consecutive quarter. Over the past few years, the bank has made adjustments to the composition of its portfolio and to its credit granting model, strengthening origination quality and the alignment of credit terms with each client's profile. Commissions and fees and result from insurance operations increased by 0.4% in the quarter, reflecting higher revenues from fund management and lower gains from payments and collections, as expected, due to the commercial adjustment in service package fees. The bank continues to work proactively on optimizing its service packages, offering better terms to clients as they expand their relationship with the institution. The growth in insurance results was mainly driven by the increase in earned premiums. 1 Recurring return on average equity. 2 Includes financial guarantees provided and private securities. 2Q26 1Q26 ∆ 2Q25 ∆ 1H26 1H25 ∆ Recurring Managerial Result (BRL million) 12,407 12,282 1.0% 11,508 7.8% 24,689 22,636 9.1% Annualized Recurring Managerial Return on Average Equity (%) 24.3% 24.8% -0.5 p.p. 23.3% 1.0 p.p. 24.5% 22.8% 1.7 p.p. Total Credit Portfolio 2 (BRL billion) 1,522 1,483 2.7% 1,389 9.6% 1,522 1,389 9.6% NPL ratio (90 days overdue) (%) 1.9% 1.9% stable 1.9% stable 1.9% 1.9% stable ""The consistency of our results reflects the clarity of a strategy guided by a long-term perspective. Growing with high profitability and portfolio quality requires analytical discipline, responsible credit granting and the practical application of technology. The launch of ia.i is the embodiment of this vision: a proprietary Artificial Intelligence designed to enhance clients' financial decisions with context and depth, going well beyond generating a high volume of interactions. We are delivering positive results today while consolidating the infrastructure and the culture of the bank of the future. Milton Maluhy Filho CEO of Itaú Unibanco

 

Non-interest expenses totaled BRL 16.7 billion, up 3.3% in the quarter. This increase is expected due to the seasonality of the first quarter, when expenses are usually lower, particularly as a result of the dynamics of personnel expense accounting, and due to lower activity and transaction volumes at the beginning of the year, which impact transactional expenses. The efficiency ratio in Brazil reached 35.5% in the second quarter of 2026, reflecting productivity gains from the technology investments made over the past few years. Itaú ended the quarter with comfortable levels of capitalization and liquidity. The Common Equity Tier 1 (CET1) ratio reached 12.3%, supported by organic capital generation and a prudent resource management policy. Itaú revised its projections for Commissions and fees and results from insurance operations for 2026. The bank now projects growth between 2.0% and 5.0%. The adjustment in the growth expectation is mainly related to higher volatility in the capital markets than projected at the beginning of the year. Expectations for all other lines disclosed in the 2026 Guidance remained unchanged. Throughout the quarter, Itaú continued to advance its agenda of transformation, operational efficiency and client experience enhancement. On this front, the highlight was the launch of ia.i, the new conversational experience integrated into the Itaú SuperApp that combines artificial intelligence, financial advisor and human interaction to support clients in their day-to-day decisions. The initiative represents another step in the bank's AI First strategy and reinforces its long-term vision of using technology to enhance the quality, efficiency, scale and personalization of financial services. Market Consensus Itaú Unibanco's results for the second quarter of 2026 were in line with Market Consensus3. Further information on Itaú Unibanco's results is available on Itaú Unibanco's Investor Relations website: https://www.itau.com.br/relacoes-com-investidores/en/ Corporate Communications – Itaú Unibanco imprensa@itau-unibanco.com.br 3 Market Consensus considers the average of estimates from the following institutions: Autonomous, Bank of America Merrill Lynch, Bradesco, BTG Pactual, Citi, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, Safra, Santander, UBS and XP Investimentos. In BRL million Itaú Unibanco Market Consensus³ % Managerial Result 12,407 12,466 -0.5% "The results of the quarter demonstrate that the sustainable growth of the credit portfolio is a direct outcome of the bank's quality and diligence in granting credit responsibly and sustainably, based on a careful analysis of clients' needs. Credit lines designed for different client profiles, such as private-sector payroll loans, are advancing consistently and with controlled delinquency levels because they are offered within clients' actual repayment capacity. We remain active in several debt restructuring initiatives, which play a fundamental role in financial reabsorption and reintegration. However, they are only one stage of a much broader strategy. A genuinely healthy loan portfolio is not built through renegotiation, but through the quality of credit granting, the correct pricing of risk, the capacity for credit recovery and the dynamic monitoring of our clients' real needs throughout the entire cycle. It is this analytical discipline, combined with the intensive use of technology and artificial intelligence models, that ensures the stability of our results in any economic scenario.” Gabriel Amado de Moura CFO of Itaú Unibanco

 

Source: View Original Filing on SEC EDGAR

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