ITUB · Itaú Unibanco Holding S.A.

Itaú Unibanco's 1Q26 institutional presentation highlights robust financial performance with recurring managerial result of BRL 12.3 billion, reflecting a 10.4% increase from 1Q25 driven by growth in clients NII (up 4.5% YoY to BRL 31.5 billion) and market NII (up 11.2% YoY to BRL 0.8 billion), alongside commissions and insurance rising 5.3% YoY to BRL 14.0 billion. Cost discipline is evident as non-interest expenses grew only 4.8% YoY to BRL 16.2 billion, supporting efficiency with Brazil's trailing 12-month ratio at 36.2%. Cost of credit increased 4.5% YoY to BRL 10.0 billion amid loan portfolio expansion to BRL 1,482.7 billion. Recurring ROE of 24.8% underscores strong returns. Balance sheet remains solid with total assets at BRL 3,200 billion as of March 31, 2026. The presentation emphasizes digital transformation, with 97-100% digital interactions for individuals, AI-driven efficiencies (88% increase in generative AI initiatives), and technology investments yielding 2,813% faster deployments and 44% lower transaction costs vs 1Q18. ESG progress includes BRL 23 billion allocated to women-led businesses by end-2025 (66% toward 2030 goal of BRL 34.7 billion) and 11.2% reduction in Scope 1&2 emissions. Client-centric innovations like Íon app, Itaú Shop, and PIX on WhatsApp enhance competitiveness in Brazil (94.6% of operations) and Latin America.