The strong 1Q26 results and 2026 guidance signal continued momentum. Traders should watch for any changes in Brazilian interest rates or credit quality trends that could affect the bank's performance. The stock may see positive price action in the near term.
Price Chart
Executive Summary
Itaú Unibanco reported strong 1Q26 results with recurring managerial result of BRL 12.3 billion, up 10.4% YoY, and recurring ROE of 24.8%. The bank also provided 2026 guidance for credit portfolio growth of 5.5%-9.5%. The filing is bullish due to broad-based revenue growth and improved efficiency.
Key Facts
- Recurring Managerial Result BRL 12.3 bn in 1Q26, up 10.4% YoY
- Recurring ROE 24.8% in 1Q26
- Efficiency Ratio in Brazil 36.2% (trailing 12 months)
- Clients NII BRL 31.5 bn, up 4.5% YoY
- 2026 guidance: total credit portfolio growth 5.5%-9.5%, financial margin with clients between 29.5% and 32.5%
- Credit portfolio BRL 1,483 bn as of March 2026, up 7.2% YoY
- 90-day NPL ratio stable at 1.9%
Financial Impact
Recurring Managerial Result improved by BRL 1.2 bn YoY to BRL 12.3 bn
Risk Factors
- Brazilian macroeconomic volatility
- Potential increase in cost of credit above guidance
- Interest rate changes impacting net interest margin
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001132597-26-000155 |
| Document: a6-k_itubxinstitutionalpre.htm | 0001132597-26-000155 |
| Document: 0001132597-26-000155-index-headers.html | 0001132597-26-000155 |
| Document: 0001132597-26-000155-index.html | 0001132597-26-000155 |
| Document: 0001132597-26-000155.txt | 0001132597-26-000155 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 6-K | $8.23 $8.45 | ▲ +2.67% | ▲ +2.57% | $8.40 (+2.00%) |
Sep 11, 2026 21d ago | 6-K | $8.33 $8.20 | ▼ −1.56% | ▼ −1.34% | $8.40 (+0.78%) |
Sep 2, 2026 4w ago | 6-K | $8.08 $8.30 | ▲ +2.72% | ▲ +3.68% | $8.40 (+3.90%) |
Aug 18, 2026 6w ago | 6-K | $7.27 $7.66 | ▲ +5.36% | ▲ +5.57% | $8.40 (+15.47%) |
Aug 7, 2026 7w ago | 6-K | $7.94 $7.40 | ▼ −6.80% | ▼ −7.20% | $8.40 (+5.73%) |
Aug 6, 2026 8w ago | 6-K | $8.18 $7.34 | ▼ −10.27% | ▼ −11.48% | $8.40 (+2.63%) |
Aug 5, 2026 8w ago | 6-K | $8.20 $7.40 | ▼ −9.72% | ▼ −10.07% | $8.40 (+2.42%) |
Aug 5, 2026 8w ago | 6-K | $8.20 $7.40 | ▼ −9.72% | ▼ −10.07% | $8.40 (+2.42%) |
Aug 3, 2026 8w ago | 6-K | $8.49 $7.88 | ▼ −7.18% | ▼ −9.21% | $8.40 (−1.12%) |
Jul 7, 2026 12w ago | 6-K | $8.23 $8.55 | ▲ +3.89% | ▲ +3.34% | $8.40 (+2.00%) |
US Market Status
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