The strong YoY earnings growth and stable asset quality support the stock. Monitor next quarter's QoQ trends, but the reaffirmed guidance suggests management confidence. The 83% historical win rate on ITUB calls at T+20 adds to positive momentum.
Price Chart
Executive Summary
Itau Unibanco reported 1Q26 recurring managerial result of R$12.282 billion, up 10.4% YoY, on operating revenues of R$46.822 billion (+4.5% YoY). Credit portfolio grew 9.0% ex-fx, NPL ratios remained stable, and CET1 stood at 12.0%. Full-year guidance was reaffirmed.
Key Facts
- Recurring managerial result 1Q26: R$12.282 billion (+10.4% YoY, -0.3% QoQ)
- Operating revenues 1Q26: R$46.822 billion (+4.5% YoY, -1.7% QoQ)
- Credit portfolio (ex-fx): R$1,483 billion (+9.0% YoY)
- NPL 90 days: 1.9% (stable vs Dec-25 and Mar-25)
- CET1 ratio: 12.0% (+0.1 p.p. vs Dec-25)
- 2026 guidance unchanged across all metrics
Financial Impact
Recurring managerial result increased by R$1.154 billion YoY; operating revenues up by R$2.029 billion YoY.
Risk Factors
- QoQ earnings decline of 0.3% could signal slowing momentum
- Economic slowdown in Brazil may pressure credit growth and asset quality
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001132597-26-000157 |
| Document: a6-k_itubxauditcommitteere.htm | 0001132597-26-000157 |
| Document: 0001132597-26-000157-index-headers.html | 0001132597-26-000157 |
| Document: 0001132597-26-000157-index.html | 0001132597-26-000157 |
| Document: 0001132597-26-000157.txt | 0001132597-26-000157 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 6-K | $8.23 $8.45 | ▲ +2.67% | ▲ +2.57% | $8.45 (+2.73%) |
Sep 11, 2026 21d ago | 6-K | $8.33 $8.20 | ▼ −1.56% | ▼ −1.34% | $8.45 (+1.50%) |
Sep 2, 2026 4w ago | 6-K | $8.08 $8.30 | ▲ +2.72% | ▲ +3.68% | $8.45 (+4.64%) |
Aug 18, 2026 6w ago | 6-K | $7.27 $7.66 | ▲ +5.36% | ▲ +5.57% | $8.45 (+16.30%) |
Aug 7, 2026 7w ago | 6-K | $7.94 $7.40 | ▼ −6.80% | ▼ −7.20% | $8.45 (+6.49%) |
Aug 6, 2026 8w ago | 6-K | $8.18 $7.34 | ▼ −10.27% | ▼ −11.48% | $8.45 (+3.36%) |
Aug 5, 2026 8w ago | 6-K | $8.20 $7.40 | ▼ −9.72% | ▼ −10.07% | $8.45 (+3.15%) |
Aug 5, 2026 8w ago | 6-K | $8.20 $7.40 | ▼ −9.72% | ▼ −10.07% | $8.45 (+3.15%) |
Aug 3, 2026 8w ago | 6-K | $8.49 $7.88 | ▼ −7.18% | ▼ −9.21% | $8.45 (−0.41%) |
Jul 7, 2026 12w ago | 6-K | $8.23 $8.55 | ▲ +3.89% | ▲ +3.34% | $8.45 (+2.73%) |
US Market Status
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