StockWatch
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Major Banks
Quarterly ResultAug 7, 2026, 03:01 PM

Itau Unibanco Q2 2026 Recurring Managerial Result R$12.4B

AI Summary

Itau Unibanco Holding S.A. reported a recurring managerial result of R$12.4 billion for Q2 2026, a 1.0% increase quarter-over-quarter and 7.8% year-over-year. Operating revenues grew to R$47.98 billion, while the total credit portfolio expanded by 9.6% year-over-year to R$1,522.4 billion. The company maintained its 2026 forecasts for key financial metrics, and the consolidation of Avenue's results and the Desenrola program had immaterial impacts on credit quality.

Key Highlights

  • Recurring Managerial Result R$12.4B, up 1.0% QoQ and 7.8% YoY.
  • Operating Revenues R$47.98B, up 2.5% QoQ and 4.7% YoY.
  • Recurring Managerial Return on Average Equity 24.3% consolidated.
  • Total Credit Portfolio R$1,522.4B, up 2.7% QoQ and 9.6% YoY.
  • Nonperforming Loans Ratio (90 days) remained stable at 1.9%.
  • Cost of Credit R$10.1B, up 1.9% QoQ; cost of credit/loan portfolio stable at 2.7%.
  • Non-interest expenses R$16.7B, up 3.3% QoQ; Efficiency Ratio 37.4%.
  • 2026 forecasts for credit portfolio, financial margin, and cost of credit maintained.