Itau Unibanco Holding S.A. (ITUB)

NYSE: ITUB · State Commercial Banks · Sao Paulo, BR · filing with the SEC since 2002

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Grade4.8

◀ Past 4.1● Present 4.9▶ Future 5.9

2 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Itau Unibanco Holding S.A.

Nine metrics read from its own filings, by tense

Headline grade

4.8/10

◀ Past4.140% of the headline

● Present4.935% of the headline

▶ Future5.925% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.1/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

7.8/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 78th percentile among 165 sector filers · read for itself

From the record

Itau Unibanco Holding S.A.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

2.3/10

What has it actually done, year after year?

+6% a year over 8 filed years; profitable in 8 of 8.

weight 22% of this tense · 23rd percentile among 152 sector filers · read for its customers

From the record

Itau Unibanco Holding S.A.'s 8 filed years say what it did: revenue went from BRL 112 billion in fiscal 2017 to BRL 168 billion in fiscal 2024, up 6% a year; it rose in 5 of 7 years; the deepest fall was 14% from fiscal 2019 to fiscal 2020; net income was positive in 8 of 8 of those years (its annual reports).

What it rests on

revenue growth over the filed span6.0%bottom 7% of its family
the share of years revenue rosebottom 15% of its family
the share of filed years with a profittop 44% of its family
the deepest fall from a revenue peak14.4%bottom 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

0.2/10

How has it treated the people who own it?

SI estimate 0.2/10, confidence 35 of 100 (one part).

weight 33% of this tense · 2nd percentile among 162 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 2% of 162 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: cash returned against operating cash flow, the one part on file, ranked among 162 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Itau Unibanco Holding S.A.'s shareholder treatment is put at 0.2 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 2% of 162 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.9/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

5.4/10

Is it financially healthy right now?

ROE 19%: 19¢ of profit per shareholder dollar. Leverage 92%: owes 92¢ per asset dollar.

weight 45% of this tense · 54th percentile among 161 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, Itau Unibanco Holding S.A. earned about 19 cents of profit for every dollar of shareholders' money. Leverage: it owed about 92 cents per dollar of assets (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 8% of its family
return on equitytop 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

4.2/10

How strong is its position in its industry?

bottom 42% of 155 in its family; net margin 25.1%.

weight 33% of this tense · 42nd percentile among 155 sector filers · read for its customers

From the record

Itau Unibanco Holding S.A.'s standing among 155 graded names in its industry family: revenue of BRL 168 billion in fiscal 2024 is not ranked by size, since the family reports in another currency; a net margin of 25.1% ranks in the top 32%; revenue growth of 10% a year over the last 3 filed years ranks in the bottom 16% (its annual reports).

What it rests on

net margin25.1%top 32% of its family
three-year revenue growth10.0%bottom 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

4.9/10

What are the people in charge doing?

SI estimate 4.9/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 158 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 158 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 158 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Itau Unibanco Holding S.A.'s leadership is put at 4.9 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 158 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.9/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed

3.4/10

How much room does it have to grow?

bottom 34% of 142 in its family for room to expand.

weight 33% of this tense · 34th percentile among 142 sector filers · read for itself

From the record

Itau Unibanco Holding S.A.'s room to grow, from the newest filed statements (fiscal 2024): cash of BRL 117 billion against no long-term debt tagged leaves 4.1% of its assets as net cash, top 39% of its family; cash from operations less capital spending is 3.1% of revenue (bottom 6%) (its annual report).

What it rests on

cash less debt against assets4.1%top 39% of its family
cash from operations less capital spending against revenue3.1%bottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

5.8/10

What could actually drive growth from here?

top 42% of 152 in its family for growth drivers.

weight 33% of this tense · 58th percentile among 152 sector filers · read for its customers

From the record

Itau Unibanco Holding S.A.'s growth drivers, from the filed years to fiscal 2024: revenue grew 10% a year over the last three filed years against 6% over all 8, speeding up (top 49% of its family); the newest year grew 8.4% (top 33%); capital spending grew 9% a year (top 44%) (its annual reports). Itau Unibanco Holding S.A. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span+3.9 points a yeartop 49% of its family
the newest year's revenue growth8.4%top 33% of its family
three-year growth of capital spending9.0%top 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

8.6/10

Did its newest year beat what its own record pointed to?

top 14% of 150 in its family for expectations against reality.

weight 33% of this tense · 86th percentile among 150 sector filers · read for its shareholders

From the record

Itau Unibanco Holding S.A.'s newest year against its own record: revenue of BRL 168 billion in fiscal 2024 came in 2.1% below the BRL 172 billion its prior three years' pace pointed to (top 15% of its family); net income of BRL 42 billion against a prior three-year average of BRL 31 billion (top 16%); a net margin of 25.1% against 21.9% before (top 10%) (its annual reports).

What it rests on

revenue against the prior three years' pace-2.1%top 15% of its family
net income against the prior three years' average+37%top 16% of its family
net margin against its prior average+3.2 pointstop 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ITUB · research, not advice