Itau Unibanco Holding S.a. · BMFBOVESPA:ITUB3
Itau Unibanco — Q3 2026 Earnings Presentation
27 slides from Itau Unibanco's earnings presentation, Nov 4, 2026
Slide 1: Public meeting with analysts and 3Q26 earnings review
1 São Paulo, November 4th 2026 Itaú Unibanco Holding S.A. Public meeting with analysts and 3Q26 earnings review
Slide 2: Highlights
2 Highlights (1) The quarter-over-quarter delta of the result from the retail operation in Colombia (sold in July 2026) was considered in the base quarter of the comparison, for calculating the ratios’ evolution. (2) Considering the Common Equity Tier I (CET I) at 11.5%, in 3Q26 the consolidated rec
Slide 3: Credit portfolio
3 2Q26 x 1Q26 in R$ billion (1) Includes private securities and financial guarantees provided. (2) From October-25 to September-26. R$41 billion Trailing 12-month originatio² Largest private bank in mortgage 56% market share among private banks² 1.7% Average balance Individuals 0.3% Very small, smal
Slide 4: Financial margin with clients
4 32.6 32.5 28.5 29.0 33.3 -0.1 -3.9 -0.4 -0.1 0.4 0.4 0.3 4.2 2Q26 Colombia Retail 2Q26 ex-Colombia Retail impact Working capital and others 2Q26 Spread-sensitive operations 2Q26 Average Volume Product Mix Spreads and liabilities' margin Calendar and working days Latin America and others Spread-sen
Slide 5: Financial margin with the market
5 Financial margin with the market Brazil Latin America Capital index hedge in R$ billion 0.3 0.2 0.2 0.2 0.3 1.3 1.1 1.3 1.4 1.7 0.9 0.6 0.8 0.9 1.3 -0.7 -0.7 -0.7 -0.7 -0.6 3Q25 4Q25 1Q26 2Q26 3Q26
Slide 6: Commissions, fees and result from insurance
6 (1) Includes fund management fees and “consórcio” management fees; (2) Result from insurance includes the revenues from insurance, pension plan and premium bonds operations net of retained claims. Commissions, fees and result from insurance 3Q26 2Q26 D 3Q25 D 9M26 9M25 D Card issuance 3.5 3.3 7.1%
Slide 7: Margin and spread by portfolio
7 3.2% 3.0% 2.8% 3.1% 3.0% 3.0% 2.7% 3.0% 3.0% 3.0% 1.7% 1.4% 1.2% 1.2% 1.2% 1.3% 1.3% 1.4% 1.5% 1.4% 0.1% 0.2% 0.02% 0.1% 0.1% 1.0% 0.03% 0.1% 0.02% 0.02% Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 4.2% 4.0% 3.8% 3.6% 3.6% 3.6% 3.6% 3.6% 3.7% 3.7% 2.5% 2.3% 1.7% 1.6% 1.6%
Slide 8: Delinquency and coverage ratios
8 23.7% 24.1% 23.9% 23.3% 22.9% 22.5% 22.4% 26.1% 26.5% 26.5% 26.3% 26.2% 26.1% 25.9% 22.9% 23.6% 24.2% 22.5% 20.8% 19.5% 19.6% 16.6% 16.7% 14.5% 14.4% 14.6% 14.5% 13.8% Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 56.1% 55.8% 55.9% 54.7% 53.6% 53.8% 52.5% 61.4% 59.2% 59.6% 59.7% 59.3% 59.0% 58.
Slide 9: Quality and cost of credit
9 9.5 9.4 9.4 9.7 10.0 10.1 10.4 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 (1) Expected loss expenses + recovery of loans + discounts granted. (2) Cost of credit over the average portfolio; (3) Loan portfolio balance ex- financial guarantees provided. Annualized cost of credit / Loan portfolio² - (%) Cost
Slide 10: Credit quality – Individuals
10 17.2% 9.4% Personal loans¹ 14.8% 6.6% Credit card 13.9% 9.7% Auto loans 18.9% 6.9% Private payroll loans Credit quality – Individuals Over 15 days NPL– Individuals Current provision model by overdue range (in days) Itaú Individuals ex-mortgage S4 - S5 (minimum levels)² S1 - S3 (minimum levels)² %
Slide 11: Credit quality – Companies
11 3.3% 2.9% 4.0% 5.8% d ez /1 9 m a r/ 20 ju n /2 0 se t/ 20 d ez /2 0 m ar /2 1 ju n /2 1 se t/ 21 d ez /2 1 m a r/ 2 2 ju n /2 2 se t/ 22 d ez /2 2 m a r/ 23 ju n /2 3 se t/ 23 d ez /2 3 m a r/ 2 4 ju n /2 4 se t/ 24 d ez /2 4 m a r/ 25 ju n /2 5 se t/ 25 d ez /2 5 m ar /2 6 ju n /2 6 se t/ 26 %
Slide 12: Non-interest expenses and efficiency ratio
12 Consolidated Brazil Efficiency ratio (%) In R$ billion Non-interest expenses 3Q26 2Q26 D 3Q25 D 9M26 9M25 D Commercial and administrative (personnel) (6.7) (6.5) 2.5% (6.7) 0.0% (19.7) (19.3) 2.1% Transactional (personnel, operations and services) (4.2) (4.1) 2.1% (4.2) -0.5% (12.3) (12.2) 0.7% T
Slide 13: Capital – Common Equity Tier I
13(1) Includes Prudential and equity adjustments. Capital Jun-26 Common Equity Tier I (CET I) – Net income for the quarter Sep-26 Tier I capital Risk weighted assets1 Dividends and interest on own capital Common Equity Tier I (CET I) Additional Tier I (AT1) + 0.8% 1.5% 12.7% -0.4% 14.2% - 0.1% 12.3%
Slide 14: 2026 Guidance
14 2026 Guidance Previous Total credit portfolio¹ Credit portfolio - Brazil Financial margin with clients Cost of credit² Financial margin with the market Commissions and fees and results from insurance operations³ Non-interest expenses Effective tax rate Growth between 5.5% and 9.5% Growth between
Slide 15: Competitive advantages that drive sustainable results
Competitive advantages that drive sustainable results Customer centricity Culture and long-term vision Modern platform and data Talent pool and execution capability Efficiency and value creation Results Diversification Balance sheet strength 15
Slide 16: Customer centricity
Customer centricity Competitive advantages that drive sustainable results +12 points evolution of Itaú Consolidated NPS from 2021 and 2026 83% of companies’ segments with NPS in the excellence level¹ ~80 points digital channels NPS for individuals and companies (Apps and internet banking) 80% of ind
Slide 17: Culture and long-term vision
Culture and long-term vision Competitive advantages that drive sustainable results 17 An ever-evolving culture OUR CULTURE (2008-2021) ITUBERS CULTURE (2021-2025) NEW PILLAR (2025) We put the client first We don’t have all the answers We have each other’s back We are driven by results We treasure di
Slide 18: Talent pool and execution capability
18 Talent pool and execution capability Future-ready talent Technical expertise and critical thinking to frame the right problems and guide the use of AI. Competitive advantages that drive sustainable results Efficiency Program ▼ 7 pts in the efficiency ratio (9M26 vs. 9M21) Ability to execute Agrib
Slide 19: Modern platform and data
19 Modern platform and data Competitive advantages that drive sustainable results Technology embedded in the business Technology and business collaborate to better understand challenges and develop solutions. 21k+ employees in cross- functional teams organized around the customer journey 2.9K+ cross
Slide 20: Balance sheet strength
Balance sheet strength R$ billion Labor, civil and tax provisions ▼ -2.1%. vs 2Q26 ▼ -3.4%. vs 3Q2516.9 Tangible Equity1 ▲ 6.7%. vs 2Q26 ▲4.3%. vs 3Q25138.7 R$ billion Balance sheet quality LCR4 ▲ 3.8 p.p. Sep-26 vs. Jun-26 205.8% NSFR5 ▲ 1.6 p.p. Sep-26 vs. Jun-26 123.7% ▼ 1.7 p.p. Sep-26 vs. Jun-2
Slide 21: Diversification of results
Diversification of results Credit portfolio Wholesale Brazil R$665 bn Latin America R$244 bn R$635 bn Retail Brazil Recurring Managerial Result Sep-26 Latin America Wholesale Brazil R$14.5 bn 57% 27,5% Corporation + Activities with the market R$4.2 bn Retail Brazil R$16.2 bn R$2.5 bn 9M2641.1% 15.8%
Slide 22: Efficiency and value creation
Efficiency and value creation Recurring Managerial Result Value creation Cost of capital R$ billion ROE Efficiency Competitive advantages that drive sustainable results 38.1% 39.8% 41.2% 9M21 9M22 9M23 9M24 9M25 9M26 24.1% 22.9% 22.2% 20.9%20.7% 19.0% 44.4% 38.0% 37.3% 22 +11% +18% +14% CAGR 12.8 15
Slide 23: Public meeting with analysts and 3Q26 earnings review
23 São Paulo, November 4th 2026 Itaú Unibanco Holding S.A. Public meeting with analysts and 3Q26 earnings review
Slide 24: Additional information
24 Additional information
Slide 25: Results
25 Results (1) Revenues from Insurance includes the Revenues from Insurance, Pension Plan and Premium Bonds Operations before Retained Claims. In R$ million 3Q26 2Q26 3Q25 9M26 9M25 Operating Revenues 49,152 47,985 2.4% 46,605 5.5% 143,959 137,227 4.9% Managerial Financial Margin 34,611 33,488 3.4%
Slide 26: Business model
26 Business model (1) Revenues from Insurance includes the Revenues from Insurance, Pension Plan and Premium Bonds Operations before Retained Claims . (2) Include Tax Expenses (ISS, PIS, COFINS and other) and Minority Interests in Subsidiaries. Total Credit Trading Insurance & services Excess capita
Slide 27: Public meeting with analysts and 3Q26 earnings review
27 São Paulo, November 4th 2026 Itaú Unibanco Holding S.A. Public meeting with analysts and 3Q26 earnings review
Itau Unibanco Holding — Q3 2026 Earnings Presentation on 6ix