Business · Companies · 4 hrs ago
Itaú reports R$12.6 billion in third-quarter recurring profit
Itaú Unibanco reported R$12.617 billion in recurring profit for the third quarter of 2026.
The Brazilian bank’s profit was up 1.7% from the previous quarter and 6.2% from a year earlier.
Analysts had forecast profit of about R$12.6 billion, putting the result close to expectations.
Before the results, analysts pointed to the bank’s strong profitability and credit quality as reasons it was seen as well positioned among Brazil’s major banks.
The figures matter because Itaú is a major listed bank, and its performance offers a view of how lenders are doing amid moderate economic growth and selective lending.
Investors will look for management’s comments on credit growth, late payments and future profitability.
Itaú Unibanco reported recurring profit of R$12.617 billion for the third quarter of 2026.
The result was 6.2% higher than in the same quarter of 2025 and 1.7% above the previous quarter, excluding adjustments for the sale of its Colombian retail operation.
The bank’s total credit portfolio reached R$1.544 trillion, with growth driven by housing loans, payroll-deducted loans and lending to small and medium-sized businesses.
Its consolidated rate of loans more than 90 days overdue was 2.0%, up 0.1 percentage point from both the previous quarter and a year earlier.
Recurring return on equity fell to 23.6% from 24.3% in the second quarter.
- Who
- Itaú Unibanco, Brazil’s largest private-sector bank.
- What
- It reported recurring profit of R$12.617 billion for the third quarter of 2026.
- When
- The results were announced on November 3, 2026.
- Where
- Brazil; the company is headquartered in São Paulo.
- Why
- Profit growth was supported by expansion in secured lending and other revenue sources, including card issuance and asset management.
This story does not have two clearly opposing sides.
Analysts expected Itaú to report third-quarter profit of about R$12.6 billion.
Itaú completed the sale of its Colombian retail operation and its Panama operation to Banco Bogotá.
Itaú’s total credit portfolio stood at R$1.544 trillion.
Itaú announced recurring third-quarter profit of R$12.617 billion.
- Recurring profit
- R$12.617 billion
- Profit growth year over year
- 6.2% excluding the Colombian retail sale adjustment
- Total credit portfolio
- R$1.544 trillion
- Consolidated loans over 90 days overdue
- 2.0%
- Recurring return on equity
- 23.6%
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