Itaú Unibanco broke a historic record by posting a net profit of R$40,2 billion in 2024. This is the highest figure ever achieved by a Brazilian financial institution listed on the B3, the country's stock exchange. Consulting firm Elos Ayta points out that, when adjusting the figures for IPCA (Broad National Consumer Price Index) inflation, the record remains. The survey was conducted based on BR GAAP accounting practices, allowing comparisons with other institutions in the market.
Itaú Unibanco posted recurring profits of R$41,4 billion in 2024, surpassing its own all-time high set in 2015. This profit was driven primarily by a 15,5% growth in its loan portfolio, reflecting the bank's expansion of financial services. Despite the positive performance, Itaú shares fell 1,20% early Thursday at 10:44 AM.
This result demonstrates the resilience of the Brazilian banking sector, which remains strong even in the face of macroeconomic instability. Einar Rivero, CEO of the consulting firm Elos Ayta, emphasizes that Itaú's performance reflects efficient cost management and a strategic ability to expand financial services. With a consistent track record of leading profitability rankings, the bank is consolidated as the most profitable among financial institutions listed on the B3 stock exchange.
With information The Globe
