Itaú Unibanco announced a net profit of R$ 46.8 billion in 2025, a 13.1% increase from the previous year, renewing the historical record for the highest profit by a Brazilian bank adjusted for inflation. The result reflects delinquency control and credit portfolio growth, with profitability at 23.4%. In the fourth quarter, profit was R$ 12.3 billion.
Itaú Unibanco released its 2025 financial results, achieving a net profit of R$ 46.8 billion, 13.1% higher than in 2024. This surpasses the previous record of R$ 41.4 billion (R$ 43.4 billion adjusted for IPCA) set by the bank itself in 2024, solidifying its lead in inflation-adjusted profits, according to Elos Ayta data.
In the fourth quarter, recurrent profit was R$ 12.3 billion, aligning with market expectations of R$ 12.265 billion per Bloomberg analysts. Profitability, measured by ROAE, reached 23.4%, up from 22.2% in 2024. The annual financial margin totaled R$ 124.4 billion, a 10.6% increase.
The credit portfolio ended the year at R$ 1.49 trillion, up 6%, driven by real estate lending (12.8%), credit cards (8%), and micro, small, and medium enterprises (8.7%). Delinquency over 90 days fell to 1.9%, the lowest historical level, below the national average of 4.1% from the Central Bank. Credit costs decreased to R$ 36.6 billion.
Itaú CEO Milton Maluhy Filho emphasized risk discipline and investment management: "We administer, manage, and custody about R$ 4.1 trillion in assets, supported by transparency, integrity, suitability, and multiple layers of control."
The bank also announced a share buyback program for up to 200 million preferred shares, aimed at shareholder and employee remuneration. For 2026, it projects credit portfolio growth between 5.5% and 9.5%, with financial margin advancing 5% to 9%. These results position Itaú ahead of competitors like Bradesco and Santander, thanks to a high-income client base with lower risk.
