Itau Unibanco - ITUB STOCK NEWS

Itaú Unibanco has announced significant shareholder distributions to be paid on March 7, 2025. The Board of Directors approved dividends of R$1.25093 per share and interest on capital of R$0.33344 per share (net R$0.283424 after 15% tax withholding). Additionally, previously declared interest on capital from August 29, 2024 (R$0.27298 gross) and November 28, 2024 (R$0.310560 gross) will also be paid.

The total distribution amounts to R$15 billion, with stockholders holding shares in all positions receiving a net amount of R$2.030363 per share. The final stockholding position will be recorded on February 17, 2025, with shares trading ex-rights from February 18, 2025. These payments apply equally to both common (ITUB3) and preferred (ITUB4) shares.

Itaú Unibanco has announced significant changes approved by its Board of Directors on February 5, 2025. The company will increase its subscribed and paid-in capital by R$33.33 billion, from R$90.73 billion to R$124.06 billion, through capitalization of revenue reserves.

The company will issue 980,413,535 new bonus shares (495,829,036 common and 484,584,499 preferred shares) to be distributed free of charge to stockholders in a 1:10 ratio. Shareholders of record as of March 17, 2025, will receive one new share for every ten shares held. The new shares will begin trading ex-bonus on March 18, 2025, and will be included in stockholders' positions on March 20, 2025.

Monthly dividends will remain at R$0.015 per share, effectively increasing total monthly payments by 10% after the bonus shares distribution. The cost basis for the bonus shares is set at R$34.00 per share. ADR holders will receive the same 1:10 bonus ratio in the U.S. market.

Itaú Unibanco (ITUB) has announced a new stock buyback program, effective February 5, 2025, through February 5, 2026. The Board of Directors has authorized the purchase of up to 200 million preferred shares, representing approximately 4.16% of the free float.

The program has two main purposes: to cancel shares using R$3 billion allocated from 2024 earnings, and to provide shares for employee and management compensation plans. The buybacks will be executed at market value through stock exchanges, intermediated by Itaú Corretora de Valores.

As of December 31, 2024, the company has substantial funds available for the buyback, including R$2.73 billion in Capital Reserves and R$106.87 billion in Revenue Reserves. The company's free float consists of 402.59 million common shares and 4.81 billion preferred shares, with 28.03 million preferred shares currently held in treasury.

Itaú Unibanco has released its financial projections for 2025, outlining key performance targets. The bank expects its total credit portfolio to grow between 4.5% and 8.5%, while financial margin with clients is projected to increase by 7.5% to 11.5%. The financial margin with the market is expected to range between R$1.0 billion and R$3.0 billion.

The bank forecasts cost of credit between R$34.5 billion and R$38.5 billion, with commissions and fees and insurance operations growth between 4.0% and 7.0%. Non-interest expenses are projected to grow between 5.5% and 8.5%, while the effective tax rate is expected to be between 27.0% and 29.0%. The company's cost of capital is estimated at around 15.0% per year as of February 2025.

Itaú Unibanco (ITUB) has announced an interactive meeting to present its 4Q24 results on February 6, 2025, at 8 a.m. (EST) and 10 a.m. (Brasília time). The presentation will be conducted in both Portuguese and English, featuring a Q&A session.

Key participants will include Milton Maluhy (CEO), Gabriel Amado de Moura (CFO), Renato Lulia (Head of Corporate Strategy, Investor Relations and Corporate Development), and Gustavo Lopes Rodrigues (IRO). The results will be published on the investor relations website on February 5, 2025, after trading hours.

Itaú Unibanco (ITUB) has announced its upcoming 4Q24 results presentation scheduled for February 6, 2025, at 8 a.m. EST (10 a.m. Brasília time). The interactive meeting will include presentations in both Portuguese and English, followed by a Q&A session.

Key executives participating in the meeting include Milton Maluhy (CEO), Gabriel Amado de Moura (CFO), Renato Lulia (Head of Corporate Strategy, Investor Relations and Corporate Development), and Gustavo Lopes Rodrigues (IRO). The financial results will be released on February 5, 2025, after market hours through the company's investor relations website.

Itaú Unibanco (ITUB) has announced its upcoming 4Q24 results presentation scheduled for February 6, 2025, at 8 a.m. EST (10 a.m. Brasília time). The interactive meeting will feature a Q&A session and will be conducted in both Portuguese and English. Key participants will include Milton Maluhy (CEO), Gabriel Amado de Moura (CFO), Renato Lulia (Head of Corporate Strategy, Investor Relations and Corporate Development), and Gustavo Lopes Rodrigues (IRO).

The financial results will be released on February 5, 2025, after market hours through the company's investor relations website.

Itaú Unibanco has announced its upcoming 4Q24 results presentation scheduled for February 6, 2025, at 8 a.m. (EST) and 10 a.m. (Brasília time). The interactive meeting will be conducted in both Portuguese and English, featuring a Q&A session. Key participants will include Milton Maluhy (CEO), Gabriel Amado de Moura (CFO), Renato Lulia (Head of Corporate Strategy, Investor Relations and Corporate Development), and Gustavo Lopes Rodrigues (IRO).

The financial results will be published on the investor relations website on February 5, 2025, after trading hours.

Itaú Unibanco's Board of Directors has approved the payment of interest on capital (IOC) to stockholders amounting to R$0.310560 per share. After 15% income tax withholding, stockholders will receive a net interest of R$0.263976 per share, except for immune or exempt corporate stockholders. The payment will be made by April 30, 2025, based on stockholding positions as of December 9, 2024. Shares will trade ex-rights starting December 10, 2024. The IOC payment applies equally to both common (ITUB3) and preferred (ITUB4) shares.