Itaú Unibanco Posts Solid 1Q26 Results as Credit Portfolio Grows and ROE Nears 25%

Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Itau Unibanco ( (ITUB) ) just unveiled an update. Itaú Unibanco reported its first-quarter 2026 results, reflecting management reclassifications implemented at the end of 2025 and the consolidation of Avenue’s results after acquiring control of the firm. The bank delivered a recurring managerial result of R$12.3 billion, up 10.4% year-on-year but slightly down 0.3% versus the previous quarter, with operating revenues rising 4.5% year-on-year to R$46.8 billion and managerial financial margin up 4.0% year-on-year to R$32.3 billion, while maintaining a 24.8% annualized recurring return on equity and a stable 1.9% nonperforming loan ratio. Cost of credit increased 2.5% quarter-on-quarter to R$10.0 billion, though it held steady at 2.7% of the average loan portfolio, and commissions, fees and insurance results declined on seasonal effects including lower card transaction volumes and reduced performance fees. The total credit portfolio, including guarantees and private securities, grew 7.2% year-on-year to R$1.48 trillion, driven by expansion in Brazil’s retail, mortgage and SME segments despite a slight sequential contraction in Latin America, while Itaú preserved robust capital and liquidity indicators and continued to optimize its branch and ATM footprint, signaling disciplined growth and risk management for shareholders and creditors. The most recent analyst rating on (ITUB) stock is a Buy with a $9.00 price target. To see the full list of analyst forecasts on Itau Unibanco stock, see the ITUB Stock Forecast page. Spark’s Take on ITUB Stock According to Spark, TipRanks’ AI Analyst, ITUB is a Neutral. The score is driven mainly by solid underlying financial performance and a constructive earnings outlook, supported by attractive valuation (low P/E and high dividend yield). These positives are partially offset by weak near-term technical momentum and financial risks tied to higher leverage and cash-flow volatility. To see Spark’s full report on ITUB stock, click here. More about Itau Unibanco Itaú Unibanco Holding S.A. is a leading Brazilian financial institution operating primarily in banking and financial services, including retail and corporate lending, credit cards, insurance, pension plans, and investment products. The bank has a significant footprint in Brazil and Latin America, with a broad branch and ATM network and diversified funding and credit portfolios across individuals, small and medium enterprises, and large corporates. Average Trading Volume: 25,694,083 Technical Sentiment Signal: Buy Current Market Cap: $92.5B Learn more about ITUB stock on TipRanks’ Stock Analysis page.