Itau Unibanco Holding S.a. · BMFBOVESPA:ITUB3
Itau Unibanco — Q1 2025 Earnings Presentation
18 slides from Itau Unibanco's earnings presentation, May 9, 2025
Slide 1: Itaú Unibanco Holding S.A.
São Paulo, May 9th 2025 Itaú Unibanco Holding S.A. 1
Slide 2: Highlights
Highlights 1Q25 1Q25 Recurring R$11.1 Recurring Consolidated 22.5% Managerial billion Managerial 0.4 p.p. vs 4Q24 0.6 p.p. vs 1Q24 Result 2.2% vs. 4Q24 13.9% vs. 1Q24 ROE¹ Brazil 23.7% 0.3 p.p. vs 4Q24 1.0 p.p. vs 1Q24 1Q25 1Q25 Income R$16.7 Margin with R$29.4 billion billion before Clients Taxes²
Slide 3: Credit portfolio
Credit portfolio in R$ billion Mar-25 Dec-24 D Mar-24 D Individuals 448.8 444.8 0.9% 413.4 8.6% Credit card loans 138.9 142.2 -2.3% 130.9 6.1% Mar-25 x Dec-24 Interest bearing Personal loans 67.3 65.9 2.2% 62.5 7.8% Credit Cards 8.0% Payroll loans 74.1 74.4 -0.5% 73.5 0.8% Auto loans 36.8 36.5 0.9%
Slide 4: Financial Margin with Clients
Financial Margin with Clients in R$ billion R$0.9 bn (+3.2%) 28.5 25.2 0.3 0.2 0.2 4.0 29.4 25.4 -3.2 -0.5 -0.03 Working capital¹and Spread-sensitive Working capital¹and 2 4Q24 Spread-sensitive Average Volume Product Mix Spreads and Lower number of Latin America and 1Q25 others operations liabilit
Slide 5: Financial margin with the market
Financial margin with the market in R$ billion Brazil Latin America Capital index hedge 1.4 1.1 1.1 0.9 0.9 1.1 1.6 1.3 1.2 1.3 0.2 0.1 0.1 0.1 0.2 -0.3 -0.3 -0.4 -0.5 -0.5 1Q24 1T24 ‘‘ 2Q24 2T24 ‘ 3Q24 3T24 4Q24 4T24 1Q25 1T25 5
Slide 6: Commissions, fees and result from insurance
Commissions, fees and result from insurance in R$ billion 1Q25 4Q24 D 1Q24 D Card issuance 3.3 3.3 -2.1% 3.1 4.7% Current account for individuals 0.8 0.9 -3.7% 0.9 -12.7% Credit operations and guarantees issued 0.6 0.8 -16.1% 0.7 -6.2% Payments and collections¹ 2.3 2.4 -3.3% 2.3 3.9% Asset managemen
Slide 7: Credit Quality
Credit Quality Dec-19 Mar-23 Jun-23 Sep23 Dec-23 Mar-24 Jun-24 15 – 90 days NPL - % 90 days NPL- % consolidated consolidated 3.2% 3.1% 3.0% 15 -90 days NPL with 2.9% 90 days NPL with securities¹ 2.6% 2.5% securities¹ 2.4% 2.5% 2.4% 2.3% 2.4% 2.2% 2.8% 2.1% 2.0% Brazil 2.3% 2.2% 2.0% 2.2% 2.3% 2.7% 2
Slide 8: Quality and cost of credit
Quality and cost of credit 3.1% 3.0% 2.9% 2.6% 2.6% 2.7% 2.6%³ 9.2 8.8 8.8 8.2 8.6 9.0 Cost of credit¹ (in R$ billion) Annualized cost of credit / Loan portfolio² - (%) 4T23 4Q23 1T24 1Q24 2T24 2Q24 3T24 3Q24 4T24 4Q24 1T25 1Q25 Including securities4 Portfolio Write off (in R$ billion) 1.1% 1.1% 1.0
Slide 9: Credit Quality – Resolution 4,966 ratios
Credit Quality – Resolution 4,966 ratios Stage 2 Mar-25 Dec-24 D Stage 3 Mar-25 Dec-24 D Individuals - Brazil 8.0% 7.7% 0.2 p.p. Individuals - Brazil 5.8% 6.0% -0.2 p.p. % of the Companies - Brazil 1.8% 1.7% 0.1 p.p. Companies - Brazil 3.5% 3.5% 0.0 p.p. Portfolio Latin America 4.6% 4.6% 0.0 p.p. La
Slide 10: Non-interest expenses
Non-interest expenses Deflated Deflated In R$ billion 1Q25 4Q24 D 1Q24 D 2015 x 2024 evolution evolution p.a. Personnel expenses (5.8) (6.2) -6.3% (5.6) 3.3% 68.2% 5.8% 0.6% (commercial and administrative) Transactional expenses (4.1) (4.2) -2.9% (3.8) 6.8% -6.6% -68.5% -12.1% (operations and servic
Slide 11: Capital
Capital 13.7% - 1.1% + 0.6% - 0.2% 14.1% 12.6% - 0.3% 1.5% 12.6% Dec-24 Additional Common Equity Net income in the Risk-weighted Regulatory Mar-25 Common Equity Dividends and IOC Tier I (CET I) quarter, dividends assets1 impacts Tier I capital Tier I (CET I) – 2024 accrual after additional and inter
Slide 12: Itaú Unibanco Holding S.A.
São Paulo, May 9th 2025 Itaú Unibanco Holding S.A. 12
Slide 13: Additional Information
Additional Information 13
Slide 14: Guidance 2025
Guidance 2025 Guidance for the year remains unchanged Consolidated (Res. 4,966 criteria) Total credit portfolio¹ Growth between 4.5% and 8.5% Financial margin with clients Growth between 7.5% and 11.5% Financial margin with the market Between R$1.0 bn and R$3.0 bn Cost of credit² Between R$34.5 bn a
Slide 15: Guidance 2025
Guidance 2025 Guidance for the year remains unchanged Difference between Consolidated Res. 4,966 and previous (Res. 4,966 criteria) accounting practice Total credit portfolio¹ Growth between 4.5% and 8.5% - Financial margin with clients Growth between 7.5% and 11.5% + 0.3 p.p. Financial margin with
Slide 16: Results
Results In R$ billion 1Q25 4Q24 D 1Q24 D Operating revenues 44.5 44.1 1.0% 40.4 10.4% Managerial financial margin 30.3 29.4 3.2% 26.9 12.8% Financial margin with clients 29.4 28.5 3.2% 25.8 13.9% Financial margin with the market 0.9 0.9 2.2% 1.1 -12.8% Commissions and fees 11.2 11.7 -4.0% 10.9 3.5%
Slide 17: Business model
Business model 1Q25 1Q24 D (1Q25 x 1Q24) In R$ billion Insurance Excess Insurance Excess Insurance Excess Total Credit Trading Total Credit Trading Total Credit Trading & services capital & services capital & services capital Operating revenues 44.5 24.4 0.8 18.8 0.5 40.4 22.5 0.7 16.7 0.4 4.2 1.9 0
Slide 18: Itaú Unibanco Holding S.A.
São Paulo, May 9th 2025 Itaú Unibanco Holding S.A. 18
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