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Itaú Unibanco's 2025 Projections Unveiled

On November 4, 2025, Itaú Unibanco Holding S.A. released its latest projections for the upcoming year, providing insights into the bank's financial outlook in accordance with Brazilian regulations. The company aims to keep stakeholders informed about its performance expectations, emphasizing proactive management in volatile market conditions.

Key Financial Insights

Itaú Unibanco’s projected growth rates offer both optimism and caution. Here are the major forecasts:

• - Total Credit Portfolio: Expected to grow between 4.5% and 8.5%, indicating steady demand and confidence in the banking sector.
• - Financial Margin with Clients: Anticipated growth ranges from 11.0% to 14.0%, highlighting robust lending activity.
• - Financial Margin with the Market: The projected margin is between R$1.0 billion and R$3.0 billion, significantly rising from a previous range of R$3.0 to R$3.5 billion, which suggests an optimistic shift in investment strategies.
• - Cost of Credit: Forecasted to remain between R$34.5 billion and R$38.5 billion, maintaining its previous levels despite economic fluctuations.
• - Commissions, Fees, and Insurance Operations: The bank predicts an increase between 4.0% and 7.0%, providing optimism about auxiliary revenue streams.
• - Non-Interest Expenses: Projected to rise between 5.5% and 8.5%, reflecting potential investments in operational efficiency.
• - Effective Tax Rate: Expected to range between 28.5% and 30.5%, consistent with prior estimates.

Considerations and Economic Dependencies

Management emphasizes that these projections are subject to various market conditions, including the economic environment within Brazil and global trends. The company's strategic planning is based on a capital cost of around 15% per year. This reflects a cautious yet proactive approach to managing its financial obligations and investments.

Looking Ahead

In the coming months, Itaú Unibanco will continue to assess its operational strategies in light of the evolving economic landscape. Its principals remain clear: adaptability and responsiveness to market changes will be fundamental in achieving these projections.

The bank's Investor Relations team, led by Gustavo Lopes Rodrigues, remains committed to communicating with stakeholders as they navigate through these uncertain times. The focus will not only be on meeting the forecasted targets but also on ensuring sustainable growth in a competitive banking industry.

As the financial landscape grows increasingly complicated, Itaú Unibanco positions itself as a leader, ready to tackle challenges while aiming for impressive gains. Investors and stakeholders can expect further updates following the 3Q25 results presentation scheduled for November 5, 2025.

In summary, Itaú Unibanco's revised projections illustrate a robust pathway forward but underline the necessity for vigilance in monitoring economic indicators as the 2025 financial year approaches. The bank is well-prepared to navigate complexities while focusing on sustainable growth and shareholder value.