Itau Unibanco Holding S.A. American Depositary Shares - ITUB STOCK NEWS

Itaú Unibanco has announced an agreement to acquire up to 100% of Ideal Holding Financeira over five years. The first phase involves a purchase of 50.1% for approximately R$650 million, thereby gaining control of Ideal. The second phase allows the acquisition of the remaining 49.9%. Despite this acquisition, Ideal will maintain operational independence and continue serving its clients. This strategic investment aims to enhance Itaú's investment ecosystem and access to innovative financial solutions, subject to regulatory approvals from CADE and the Central Bank of Brazil.

Itaú Unibanco Holding S.A. announced that its Board of Directors approved the payment of interest on capital as a substitute for the monthly dividend for 2022. The payment amounts to R$0.01765 per share, equivalent to a net interest of R$0.015 after a 15% withholding tax. This decision affects both common (ITUB3) and preferred (ITUB4) shares, with scheduled payments starting from February 1, 2022, and continuing through January 2023, covering monthly accruals for the entire year.

Itaú Unibanco has increased its shareholding in Itaú Corpbanca from 39.22% to 53.79% as part of a capital increase process. This increase was achieved by exercising preemptive rights and acquiring additional rights from another shareholder. The capital increase is currently incomplete, and Itaú Unibanco plans to subscribe to all remaining shares in the next stage. The expected effect on Itaú Unibanco's capital ratios is deemed immaterial. The company commits to updating stakeholders on further developments.

Itaú Unibanco Holding S.A. announced that its Complete Financial Statements and Management Discussion for Q3 2021, ending September 30, 2021, are now accessible on its Investor Relations website. A conference call discussing these results will take place on November 4, 2021, with sessions in Portuguese at 08:00 a.m. (EDT) and in English at 10:15 a.m. (EDT). This is a crucial opportunity for investors to gain insights on the bank's performance.

SÃO PAULO, Nov. 3, 2021 /PRNewswire/ -- Itaú Unibanco announced the results for the 3rd quarter of 2021, set to be disclosed on November 3 after B3 and NYSE trading hours. Investors can participate in conference calls on November 4, with Portuguese calls scheduled for 08 a.m. (EDT) and English at 10:15 a.m. (EDT). Further details can be accessed through the investor relations website or by contacting their investor relations team directly.

Itaú Unibanco will disclose its Q3 2021 financial results on November 3, after trading hours on B3 and NYSE. A conference call will follow on November 4 at 10:15 a.m. EDT (11:15 a.m. Brasília time). This will include sessions in both Portuguese and English, providing details on the bank's performance and strategic direction. Investors can add the events to their calendars via provided links to ensure participation.

On October 14, 2021, Itaú Unibanco Holding S.A. announced its Board of Directors approved the payment of monthly interest on capital for November and December 2021. Shareholders will receive R$0.01765 per share, resulting in a net payment of R$0.015 per share after a 15% income tax withholding. Additionally, an extra interest payment of R$0.264551 per share was approved, yielding a net of R$0.224868 per share, amounting to R$2.199 million. Payments are due by April 30, 2022.

Itaú Unibanco Holding S.A. announced the approval of the merger of XPart S.A. into XP Inc. at the General Stockholders' Meetings held on October 1, 2021. Following the merger, controlling stockholders of Itaú Unibanco and ADR holders will receive Class A shares of XP, while other XPart shareholders will receive BDRs backed by XP shares. The stock prices of Itaú Unibanco will adjust by -18.69% for common shares and -17.54% for preferred shares starting October 4, 2021, affecting the opening prices significantly.