Itaú Unibanco Holding S.A.
Itaú Unibanco Holding S.A. provides various financial products and services to personal and corporate customers in Brazil and internationally. It operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The company offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending and fina… Read more
Itaú Unibanco Holding S.A. (ITUB3) - Net Assets
Latest net assets as of December 2025: R$215.08 Billion BRL
Based on the latest financial reports, Itaú Unibanco Holding S.A. (ITUB3) has net assets worth R$215.08 Billion BRL as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$3.07 Trillion) and total liabilities (R$2.85 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$215.08 Billion |
| % of Total Assets | 7.01% |
| Annual Growth Rate | 14.56% |
| 5-Year Change | 30.76% |
| 10-Year Change | 59.54% |
| Growth Volatility | 26.57 |
Itaú Unibanco Holding S.A. - Net Assets Trend (2000–2025)
This chart illustrates how Itaú Unibanco Holding S.A.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Itaú Unibanco Holding S.A. (2000–2025)
The table below shows the annual net assets of Itaú Unibanco Holding S.A. from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | R$215.08 Billion | -2.81% |
| 2024-12-31 | R$221.28 Billion | +11.17% |
| 2023-12-31 | R$199.05 Billion | +12.39% |
| 2022-12-31 | R$177.11 Billion | +7.68% |
| 2021-12-31 | R$164.48 Billion | +6.44% |
| 2020-12-31 | R$154.53 Billion | +3.39% |
| 2019-12-31 | R$149.47 Billion | -0.67% |
| 2018-12-31 | R$150.47 Billion | +4.23% |
| 2017-12-31 | R$144.36 Billion | +7.08% |
| 2016-12-31 | R$134.81 Billion | +18.20% |
| 2015-12-31 | R$114.06 Billion | +13.36% |
| 2014-12-31 | R$100.62 Billion | +19.51% |
| 2013-12-31 | R$84.19 Billion | +10.78% |
| 2012-12-31 | R$76.00 Billion | +0.88% |
| 2011-12-31 | R$75.34 Billion | +11.52% |
| 2010-12-31 | R$67.55 Billion | -17.65% |
| 2009-12-31 | R$82.03 Billion | +130.23% |
| 2008-12-31 | R$35.63 Billion | -5.26% |
| 2007-12-31 | R$37.61 Billion | +30.69% |
| 2006-12-31 | R$28.78 Billion | +45.92% |
| 2005-12-31 | R$19.72 Billion | +11.09% |
| 2004-12-31 | R$17.75 Billion | +23.33% |
| 2003-12-31 | R$14.39 Billion | +25.97% |
| 2002-12-31 | R$11.43 Billion | +30.24% |
| 2001-12-31 | R$8.77 Billion | +22.07% |
| 2000-12-31 | R$7.19 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Itaú Unibanco Holding S.A.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1705.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$67.71 Billion | 33.11% |
| Common Stock | R$136.91 Billion | 66.95% |
| Other Comprehensive Income | R$67.60 Billion | 33.06% |
| Total Equity | R$204.50 Billion | 100.00% |
Itaú Unibanco Holding S.A. Competitors by Market Cap
The table below lists competitors of Itaú Unibanco Holding S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CHINA PAC.IN.GR.GDR/5 YC1
F:75CB
|
$39.90 Billion |
|
PG&E Corp
NYSE:PCG
|
$39.92 Billion |
|
Kimco Realty Corporation
NYSE:KIM-PN
|
$39.96 Billion |
|
Rockwell Automation Inc
NYSE:ROK
|
$40.03 Billion |
|
Axis Bank Limited
F:UZC
|
$39.82 Billion |
|
Ferrari NV
NYSE:RACE
|
$39.81 Billion |
|
Ameriprise Financial Inc
NYSE:AMP
|
$39.77 Billion |
|
CBRE Group Inc Class A
NYSE:CBRE
|
$39.64 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Itaú Unibanco Holding S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 211,090,000,000 to 204,501,000,000, a change of -6,589,000,000 (-3.1%).
- Net income of 44,857,000,000 contributed positively to equity growth.
- Dividend payments of 48,299,000,000 reduced retained earnings.
- Share repurchases of 3,085,000,000 reduced equity.
- New share issuances of 947,000,000 increased equity.
- Other comprehensive income decreased equity by 50,934,000,000.
- Other factors increased equity by 49,925,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$44.86 Billion | +21.93% |
| Dividends Paid | R$48.30 Billion | -23.62% |
| Share Repurchases | R$3.08 Billion | -1.51% |
| Share Issuances | R$947.00 Million | +0.46% |
| Other Comprehensive Income | R$-50.93 Billion | -24.91% |
| Other Changes | R$49.92 Billion | +24.41% |
| Total Change | R$- | -3.12% |
Book Value vs Market Value Analysis
This analysis compares Itaú Unibanco Holding S.A.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.24x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 33.87x to 2.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | R$1.21 | R$41.03 | x |
| 2001-12-31 | R$1.23 | R$41.03 | x |
| 2002-12-31 | R$1.64 | R$41.03 | x |
| 2003-12-31 | R$2.02 | R$41.03 | x |
| 2004-12-31 | R$2.43 | R$41.03 | x |
| 2005-12-31 | R$2.68 | R$41.03 | x |
| 2006-12-31 | R$3.96 | R$41.03 | x |
| 2007-12-31 | R$4.97 | R$41.03 | x |
| 2008-12-31 | R$4.78 | R$41.03 | x |
| 2009-12-31 | R$6.98 | R$41.03 | x |
| 2010-12-31 | R$6.59 | R$41.03 | x |
| 2011-12-31 | R$7.41 | R$41.03 | x |
| 2012-12-31 | R$7.63 | R$41.03 | x |
| 2013-12-31 | R$8.37 | R$41.03 | x |
| 2014-12-31 | R$9.95 | R$41.03 | x |
| 2015-12-31 | R$11.31 | R$41.03 | x |
| 2016-12-31 | R$12.44 | R$41.03 | x |
| 2017-12-31 | R$13.38 | R$41.03 | x |
| 2018-12-31 | R$13.99 | R$41.03 | x |
| 2019-12-31 | R$13.99 | R$41.03 | x |
| 2020-12-31 | R$13.26 | R$41.03 | x |
| 2021-12-31 | R$15.55 | R$41.03 | x |
| 2022-12-31 | R$17.01 | R$41.03 | x |
| 2023-12-31 | R$19.27 | R$41.03 | x |
| 2024-12-31 | R$19.44 | R$41.03 | x |
| 2025-12-31 | R$18.28 | R$41.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Itaú Unibanco Holding S.A. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.93%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.66%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 14.99x
- Recent ROE (21.93%) is above the historical average (20.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 27.72% | 12.04% | 0.22x | 10.47x | R$1.18 Billion |
| 2001 | 22.06% | 10.99% | 0.23x | 8.64x | R$1.01 Billion |
| 2002 | 25.59% | 12.35% | 0.27x | 7.62x | R$1.72 Billion |
| 2003 | 23.53% | 13.25% | 0.24x | 7.47x | R$1.88 Billion |
| 2004 | 27.73% | 17.53% | 0.23x | 6.92x | R$2.96 Billion |
| 2005 | 29.77% | 16.38% | 0.24x | 7.61x | R$3.62 Billion |
| 2006 | 21.50% | 13.94% | 0.22x | 7.03x | R$3.15 Billion |
| 2007 | 21.13% | 14.98% | 0.18x | 7.72x | R$4.04 Billion |
| 2008 | 14.10% | 7.70% | 0.16x | 11.67x | R$1.41 Billion |
| 2009 | 20.33% | 12.46% | 0.19x | 8.65x | R$7.16 Billion |
| 2010 | 17.77% | 11.31% | 0.14x | 11.04x | R$5.12 Billion |
| 2011 | 18.71% | 10.89% | 0.16x | 11.06x | R$6.44 Billion |
| 2012 | 16.65% | 10.14% | 0.13x | 12.61x | R$5.04 Billion |
| 2013 | 19.73% | 13.38% | 0.12x | 12.34x | R$8.10 Billion |
| 2014 | 21.72% | 13.47% | 0.14x | 11.36x | R$11.63 Billion |
| 2015 | 22.93% | 15.83% | 0.13x | 11.37x | R$14.51 Billion |
| 2016 | 17.64% | 10.31% | 0.15x | 11.04x | R$9.37 Billion |
| 2017 | 17.65% | 12.59% | 0.13x | 10.93x | R$10.06 Billion |
| 2018 | 18.21% | 14.59% | 0.11x | 11.35x | R$11.23 Billion |
| 2019 | 19.80% | 14.39% | 0.12x | 11.96x | R$13.42 Billion |
| 2020 | 13.21% | 10.89% | 0.09x | 14.12x | R$4.60 Billion |
| 2021 | 17.51% | 13.97% | 0.09x | 13.54x | R$11.47 Billion |
| 2022 | 17.41% | 11.54% | 0.11x | 13.84x | R$12.44 Billion |
| 2023 | 17.41% | 10.80% | 0.12x | 13.37x | R$14.09 Billion |
| 2024 | 19.46% | 12.61% | 0.11x | 13.52x | R$19.98 Billion |
| 2025 | 21.93% | 11.66% | 0.13x | 14.99x | R$24.41 Billion |
Industry Comparison
This section compares Itaú Unibanco Holding S.A.'s net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $11,258,816,000
- Average return on equity (ROE) among peers: 10.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Itaú Unibanco Holding S.A. (ITUB3) | R$215.08 Billion | 27.72% | 13.26x | $39.88 Billion |
| Banco da Amazônia S.A (BAZA3) | $4.84 Billion | 23.18% | 6.15x | $23.06 Million |
| Banco Bradesco S.A. (BBDC3) | $59.38 Billion | 18.45% | 11.16x | $20.38 Billion |
| Banestes S.A - Banco do Estado do Espírito Santo (BEES3) | $967.68 Million | 11.36% | 13.51x | $37.47 Million |
| Banco Mercantil de Investimentos S.A (BMIN3) | $123.08 Million | 1.81% | 0.44x | $1.30 Million |
| Banco Alfa de Investimento S.A (BRIV3) | $926.01 Million | 10.83% | 12.15x | $52.75 Million |
| Banco do Estado do Rio Grande do Sul S.A (BRSR3) | $10.41 Billion | 8.79% | 13.16x | $642.78 Million |
| Inter & Co Inc (INBR32) | $2.16 Billion | 1.28% | 3.67x | $417.84 Million |