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

Itaú Unibanco has acquired an 11.36% equity stake in XP Inc. for approximately R$ 8 billion. This acquisition follows the previous announcement made on May 11, 2017, and received all necessary approvals. The company clarifies that this transaction will not alter the corporate governance of XP Inc. and is not expected to significantly impact Itaú Unibanco's fiscal year results. This strategic investment reflects Itaú Unibanco's commitment to expanding its market presence.

Itaú Unibanco Holding S.A. (B3: ITUB3, ITUB4; NYSE: ITUB) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the U.S. SEC. The report is accessible on the SEC's website, as well as in English and Portuguese on the Brazilian Securities and Exchange Commission's website and the Company's Investor Relations site. Shareholders can request hard copies of the audited financial statements at no cost by contacting the Investor Relations team.

Itaú Unibanco Holding S.A. has announced an investment to acquire 12.82% of Rede Agro Fidelidade e Intermediação S.A. (Orbia) through its subsidiaries. This platform, launched in 2019, is Brazil's largest agribusiness marketplace, facilitating a full digital journey for rural producers. Orbia reported R$902 million in sales for 2021 and expects to reach R$3 billion in 2022. The investment aims to enhance credit access for Orbia's customers, with the deal pending approval from Brazilian regulatory bodies.

Itaú Unibanco Holding S.A. has successfully raised R$1 billion through its first issuance of Letras Financeiras Verde, partnering with the Finance Corporation (IFC), a World Bank Group member. This marks a historic first for both Itaú and the IFC in Brazil. The funds will finance electric, hybrid, and multifuel vehicles to promote a low-carbon economy. Itaú aims to allocate R$ 400 billion by 2025 for positive impact sectors. The bank is also committed to reducing emissions by 50% by 2030 and achieving carbon neutrality by 2050.

Itaú Unibanco has entered into a joint venture agreement with TOTVS to establish TECHFIN, aimed at enhancing financial services within TOTVS's management systems. Itaú will invest R$610 million for a 50% stake, with an additional R$450 million contingent on performance targets. This partnership seeks to leverage technology and financial solutions to provide integrated services to corporate clients and supports the strategy of Open Finance. The deal awaits approvals from Brazil's antitrust authority and the Central Bank.

Itaú Unibanco Holding S.A. has announced its financial projections for 2022, outlining key measures for its operations. The total credit portfolio is targeted to grow between 9.0% and 12.0%, while the financial margin with clients is expected between 20.5% and 23.5%. Non-interest expenses are projected to rise by 3.0% to 7.0%. The effective tax rate will range from 30.0% to 33.0%. Overall, sustainable Return on Equity (ROE) is anticipated around 20%. These forecasts are contingent on market conditions and may differ from actual results.

On February 10, 2022, Itaú Unibanco Holding S.A. announced that its Board of Directors approved the payment of interest on capital for the fiscal year ending December 31, 2021. Stockholders will receive R$0.013660 per share, subject to a 15% income tax withholding, resulting in a net payment of R$0.011611 per share. Payments are scheduled for March 11, 2022, based on stockholding positions recorded on February 21, 2022. The Board also approved the payment of previously declared interest of R$0.224868 per share on the same date.

Itaú Unibanco Holding S.A. has made its Complete Financial Statements and Management Discussion and Analysis for the 4th quarter of 2021 available on its Investor Relations website. The financial results cover the period ending December 31, 2021. A virtual meeting to discuss these results is scheduled for February 11, 2022, at 08:00 a.m. (EDT).

On February 9, 2022, Itaú Unibanco announced that it will release its 2021 financial results and provide guidance for 2022 after trading hours on February 10. The announcement will be followed by a Q&A session, featuring key speakers including CEO Milton Maluhy Filho and CFO Alexsandro Broedel. Investors can register to participate in the event or watch it live on YouTube on February 11 at 08:00 AM EST. The presentation aims to deliver updates on the company's performance and future outlook.