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Itau Unibanco Banco Holding Sa (ITUB)
NYSE:ITUB
Holding ITUB?
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Earnings Data
Report Date
Feb 10, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.19Last Year’s EPS
$0.19Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -15.95%
|Next Earnings Date:Feb 10, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with significant growth in recurring results, return on equity, and loan portfolio, along with reduced delinquency rates. However, challenges remain in the credit card portfolio and the Latin American segment's performance. Overall, the positive achievements outweigh the challenges.Company Guidance
In the second quarter of 2024 earnings call for ITUB4.SA, significant financial metrics and guidance were discussed. The bank reported a managerial recurring result of BRL 10.1 billion, marking a 3.1% growth from the previous quarter. The consolidated return on equity (ROE) was 22.4%, with a 50-basis point increase quarter-over-quarter, and in Brazil, it reached 23.6%, a 100-basis point increase. The common equity Tier 1 ratio stood at 13.1%. The loan portfolio hit BRL 1.3 trillion, with an individual loan segment growth of 1.2% and a personal loans portfolio growth of 2.3%. The SME portfolio grew 2.7% and large corporate portfolio by 8.6% in the quarter. Moreover, the consolidated risk-adjusted annualized net interest margin (NIM) was slightly adjusted to 5.7%. The bank also maintained a strong capital base, allowing for continued growth opportunities, with noninterest expenses growing 4.7% quarter-over-quarter in Brazil. The efficiency ratio improved, achieving the best efficiency ratio for a second quarter in its history. The guidance for 2024 was reaffirmed, with expectations to maintain alignment with annual commitments.Strong Managerial Recurring Results
Achieved BRL 10.1 billion in managerial recurring results, a growth of 3.1% over the first quarter of 2024.
High Return on Equity
Consolidated return on equity was 22.4%, a quarter-on-quarter growth of 50 basis points.
Significant Loan Portfolio Growth
Loan portfolio reached BRL 1.3 trillion with a year-over-year growth of 8.9%.
Reduced Delinquency Rates
Delinquency indicators are lower than pre-pandemic levels, with NPL 90 days at 3% in Brazil.
Record Efficiency Ratio
Achieved the best efficiency ratio for a second quarter in the historical series.
Strong Performance in Commission Fees and Insurance
Commission fees and insurance recorded high-quality growth of 5%.
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ITUB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ITUB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $6.03 | $6.24 | +3.48% |
| Aug 06, 2024 | $5.86 | $5.93 | +1.19% |
| May 06, 2024 | $6.24 | $6.39 | +2.40% |
| Feb 05, 2024 | $6.26 | $6.66 | +6.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Itau Unibanco Banco Holding Sa (ITUB) report earnings?
Itau Unibanco Banco Holding Sa (ITUB) is schdueled to report earning on Feb 10, 2025, TBA Not Confirmed.
What is Itau Unibanco Banco Holding Sa (ITUB) earnings time?
Itau Unibanco Banco Holding Sa (ITUB) earnings time is at Feb 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ITUB EPS forecast?
ITUB EPS forecast for the fiscal quarter 2024 (Q4) is $0.19.
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