Itaú Unibanco (ITUB4) investor relations material

Executive summary

• Recurring net income reached BRL 12.4 billion in Q2 2026, up 7.8% year-over-year and 1% sequentially, with consolidated ROE at 24.3% and Brazil at 25.7%.

• Loan portfolio grew to BRL 1.522 trillion, up 2.7% quarter-over-quarter and 9.6% year-over-year, with strong growth in mortgages and payroll loans.

• Efficiency ratio improved to 35.5% in Brazil and 37.4% consolidated, reflecting ongoing cost discipline and digital transformation.

• Nonperforming loans over 90 days remained stable at 1.9%, reflecting prudent credit strategy.

• Technology investments, including AI initiatives and digital platform integration, enhanced client experience and operational efficiency.

Financial highlights

• Financial margin with clients reached BRL 32.6 billion, up 3.3% sequentially and 5.1% year-over-year.

• Non-interest expenses totaled BRL 16.7 billion, up 3.3% sequentially and 3.1% year-over-year.

• Cost of credit was BRL 10.1 billion, stable at 2.7% of the portfolio.

• Commissions, fees, and insurance operations grew modestly, with asset management revenues up.

• Common Equity Tier 1 ratio at 12.3%, up 30 bps from March, reflecting strong capital generation.

Outlook and guidance

• Maintained guidance for loan portfolio growth, NII with clients, cost of credit, and non-interest expenses for 2026.

• Revised expected growth for commissions, fees, and insurance results to 2%-5% due to market volatility.

• Continued focus on quality growth, capital allocation discipline, and risk management amid a dynamic macroeconomic environment.