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Financial Data and Key Metrics Changes - The company's earnings for Q4 2023 totaled R$ 9.4 billion, representing a 4% growth from the previous quarter, with a consolidated ROE of 21.2% [9] - The NII grew by 3.3% in the quarter, reaching R$ 23.2 billion, while commissions and fees increased by 4.6% to R$ 13.5 billion [9] - The Tier 1 capital ratio increased by 60 basis points to 15.2% [9] - The consolidated NPL over 90 days decreased by 20 basis points, with a 50 basis point drop in the NPL for individuals [9] Business Line Data and Key Metrics Changes - The large corporate loan portfolio grew by 8.7% for the year, while the total loan portfolio in Brazil increased by 5.7% [4] - The individuals portfolio grew by 1.9% in the quarter and 4.1% for the year, while the SME's portfolio grew by 2.6% in the quarter and 3.5% for the year [9][10] - The Personalite and Uniclass loan books grew by 16% for the year and 5% in the quarter [10] Market Data and Key Metrics Changes - The total portfolio growth in Latin America was 3.1% for the year, with a 5.3% growth excluding FX variation [4] - The risk-adjusted NIM increased from 5.6% to 5.8% in the quarter, with the Brazilian operation's risk-adjusted NIM rising from 5.9% to 6.2% [11] Company Strategy and Development Direction - The company focused on derisking the portfolio and targeting specific client segments, resulting in sound growth in focused segments [10] - The company aims to maintain a ROE above 20% and is committed to digital and cultural transformation to enhance client engagement and operational efficiency [77][66] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the credit cycle's evolution, highlighting improvements in credit quality indicators and a stable outlook for NPL formation [9][74] - The guidance for 2024 includes expected loan portfolio growth between 6.5% and 9.5% and NII growth between 4.5% and 7.5% [73] Other Important Information - The efficiency ratio reached its best historical level at 39.9% on a consolidated basis, with core costs growing by only 1.6% in the year, below inflation [72][77] - The company plans to continue investing in technology and new business areas, which contributed to the increase in expenses [72] Q&A Session Summary Question: Guidance on credit portfolio growth and dividends - Management indicated that while there may be a reduction in growth expectations, they are targeting a stable ROE above 20% and will consider dividends based on portfolio growth [13][16] Question: Cost of credit and NPL formation - Management noted that the cost of credit has decreased, and they expect NPL formation to remain below historical levels due to a safer portfolio [21][22] Question: Efficiency and competitive positioning - Management acknowledged the need for continued efficiency improvements and highlighted their competitive position against digital banks [24][25] Question: Impact of recent regulatory changes - Management discussed the limited impact of recent regulatory changes on their funding and capital structure, emphasizing their proactive approach to managing these changes [27] Question: Dividend policy and capital structure - Management confirmed their target for a common equity tier fund of around 12% and indicated that they will adjust dividends based on capital management needs [60][61]

Financial Performance - The managerial financial margin reached R$104.1 billion in 2023, a 12.5% increase compared to R$92.6 billion in 2022[103] - Financial margin with clients increased by 8.5% from R$89.6 billion to R$100.8 billion year-over-year[103] - Commissions and fees totaled R$42.6 billion, representing a 3.6% increase compared to R$41.1 billion in the previous year[103] - Revenues from insurance operations grew by 11.6%, reaching R$10.1 billion compared to R$9.1 billion in the prior year[103] - The cost of credit was R$36.9 billion, a 14.4% increase from R$32.3 billion[103] - Non-interest expenses increased by 6.5%, from R$54.6 billion to R$58.1 billion[103] - The recurring managerial result was R$35.6 billion, a 15.7% increase compared to R$30.8 billion[103] Portfolio and Credit Quality - Total credit portfolio (ex-fx variation) increased by 5.3% year-over-year, reaching R$1,176.5 billion[23] - Individuals credit portfolio increased 4.1% to R$415.9 billion[23] - Corporate loans increased 8.7% to R$374.8 billion[35] - The sale of loans with low probability of recovery in 4Q23 included R$198 million of the individuals portfolio, R$22 million of the very small, small and middle market companies portfolio and R$125 million of the corporate portfolio[6] Capital and Distribution - The pro forma Tier I capital after dividends payment in 1Q24 is 13.1% + 0.51%[71] - Additional Dividends to be paid in 3/8/2024 is R$11.0 billion[71]

Financial Performance - Operating revenues for the nine-month period ended September 30, 2023, reached R$116,575 million, a 9.9% increase from R$106,043 million in 2022[24]. - Net interest income increased by 12.8% to R$73,669 million compared to R$65,295 million in the same period last year[24]. - Net income attributable to owners of the parent company was R$24,332 million, reflecting an 11.0% growth from R$21,915 million in 2022[24]. - Operating revenues increased by 9.9% to R$116,575 million for the nine-month period ended September 30, 2023, compared to R$106,043 million for the same period in 2022[34]. - Net income attributable to owners of the parent company rose by 11.0% to R$24,332 million for the nine-month period ended September 30, 2023, from R$21,915 million in the same period of 2022[36]. - Net income for Q3 2023 was R$8,469 million, compared to R$8,118 million in Q3 2022, reflecting a 4.3% year-over-year growth[186]. - Total comprehensive income for Q3 2023 was R$10,753 million, up from R$8,824 million in Q3 2022, representing a 21.7% increase[186]. - Adjusted net income for the period from January 1 to September 30, 2023, was R$67,533 million, a decrease of 22.3% compared to R$87,036 million in the same period of 2022[189]. Asset and Liability Management - Total assets as of September 30, 2023, amounted to R$2,509,117 million, an 8.1% increase from R$2,321,066 million at the end of 2022[27]. - Total liabilities as of September 30, 2023, amounted to R$2,316,443 million, an increase from R$2,143,959 million at the end of 2022[183]. - Total financial liabilities increased by R$138,752 million, or 7.6%, as of September 30, 2023, compared to December 31, 2022[91]. - Current liabilities amounted to R$1,244,279 million, while long-term liabilities totaled R$1,071,687 million as of September 30, 2023[126]. Capital and Equity - The Common Equity Tier I Ratio improved to 13.1%, up 120 basis points from 11.9% in December 2022[27]. - Total stockholders' equity attributed to the owners of the parent company increased by R$15,919 million, or 9.5%, as of September 30, 2023[91]. - The total stockholders' equity attributed to the owners of the parent company rose to R$183,636 million, up from R$167,717 million year-over-year[183]. - The total change in stockholders' equity for the period is R$15,567 million, reflecting the company's performance and transactions with owners[187]. Operational Efficiency - The total number of employees decreased by 2.9% to 97,486 from 100,361 in the previous year[27]. - The number of total branches and client service branches fell by 8.0% to 3,509 from 3,816[27]. - Other operating expenses increased by 10.1% to R$62,935 million, largely due to higher general and administrative expenses[49]. - Capital expenditures for the nine-month period ended September 30, 2023, totaled R$5,756 million, a decrease of 32.4% compared to R$8,495 million for the year ended December 31, 2022[123]. Risk Management - The provision for expected loss increased by 18.7% to R$24,023 million compared to R$20,235 million in 2022[24]. - The 90-day non-performing loan (NPL) ratio was 3.5% as of September 30, 2023, an increase of 40 basis points compared to the same date in 2022[44]. - The coverage ratio for 90-day NPLs was 209% as of September 30, 2023, down from 215% a year earlier[48]. - The expected loss from financial assets was R$7,994 million in Q3 2023, compared to R$7,000 million in Q3 2022, reflecting a 14.2% increase in expected losses[184]. Business Segments Performance - Net income from the Retail Business segment increased by 16.6% to R$9,493 million for the nine-month period ended September 30, 2023, compared to R$8,139 million for the same period in 2022[66]. - Operating revenues for the Retail Business segment rose by R$4,918 million, or 7.4%, driven by an 8.9% increase in interest margin due to higher average credit volume[66]. - Net income from the Wholesale Business segment increased by 12.8% to R$14,880 million for the nine-month period ended September 30, 2023, compared to R$13,188 million for the same period in 2022[72]. - Operating revenues for the Wholesale Business segment increased by R$4,624 million, or 12.9%, primarily due to a 19.0% increase in interest margin[72]. Regulatory Environment - The Central Bank's new regulations, effective from November 1, 2023, enhance rules related to fraud prevention and require financial institutions to share information about fraud incidents[146]. - The implementation of Basel III in Brazil, effective July 1, 2023, introduces changes in capital requirement calculations related to credit risk exposures[140]. - The Central Bank's Resolution No. 348, effective November 1, 2023, amends rules for foreign exchange transactions, particularly for foreign direct investments[139]. - Open Finance regulations, effective April 1, 2023, allow for the sharing of customer data upon authorization, enhancing market competitiveness[136]. Cash Flow and Investments - The company reported a net cash from operating activities of R$92,101 million, down 25.4% from R$123,829 million in the same period last year[189]. - Cash and cash equivalents at the end of the period stood at R$123,056 million, an increase from R$119,569 million year-over-year[189]. - The company paid R$9,901 million in dividends and interest on capital, an increase from R$6,260 million in the same period last year[189].

financial margin with clients 3Q23 BRL25.6bn commissions and insurance 11.1 3Q20 11.6 3Q21 12.3 3Q22 10.8 3Q19 (BRL billion ) ( BRL billion ) ( BRL billion ) cost of credit 8.0 3Q22 12.8 3Q19 7.2 3Q19 < Corporativo | Interno without overlooking risk management 8.1 p.p. 29.6 p.p. 118 124 121 123 1.0 % ( BRL billion ) ( % ) ( % ) ( % ) 1.4% 9.2% Sep-23 3.0% 847 Sep-20 0.2 p.p. Sep-23 vs. Jun-23 Sep-23 vs. Sep-22 Sep-23 14.6% 14.1 12.4 12.9 13.2 Sep-23 209% Sep-23 vs. Jun-23 NSFR 4 Sep-23 127.3% 2019 4Q22 -0- ...

20 Itaú Unibanco Holding S.A. General Extraordinary Stockholders' Meeting Manual November 30, 2023 Contents | 1. Message from Management about the ESM Manual | 03 | | --- | --- | | 2. Information on the Extraordinary Stockholders' Meeting | 04 | | 3. Call notice | 05 | | 4. Resolutions - Extraordinary General Stockholders' Meeting | 06 | | ATTACHMENT I TO CVM RESOLUTION NO. 81/22 | 08 | | ATTACHMENT II - ATTACHMENT L TO CVM RESOLUTION NO. 81/22 | 82 | | ATTACHMENT III - REPORT ON THE ORIGIN AND RATIONALE OF ...

All references in this Form 6-K to (i) "Itaú Unibanco Holding," "Itaú Unibanco Group," "we," "us" or "our" are references to Itaú Unibanco Holding S.A. and its consolidated subsidiaries, except where otherwise specified or required by the context; (ii) the "Brazilian government" are references to the federal government of the Federative Republic of Brazil, or Brazil; (iii) "preferred shares" are references to our authorized and outstanding preferred shares with no par value; and (iv) "common shares" are ref ...

Itaú Unibanco Holding S.A. earnings review 2Q23 quarter highlights consolidated margin with clients R$24.9 billion 3.7% 3.0% 0.1 p.p. R$1.1 billion 65.9% credit portfolio financial margin -2.8 -0.2 24.0 21.3 22.1 24.9 0.3 0.2 0.2 0.2 2.9 4 Itaú São Paulo, August 8ª 2023 2Q23 vs. 1Q23 change recurring recurring 20.9% 0.2 p.p. consolidated managerial managerial R$8.7 billion 3.6% Brazil 21.5% 0.4 p.p. result ROE efficiency ratio 2 (1) includes private securities.3 change in R$ billion 4 Corporativo | Interno ...

Financial Data and Key Metrics Changes - The company reported earnings of BRL 8.7 billion for Q2 2023, representing a growth of 3.6% with a strong ROE of 20.9% [65] - The efficiency ratio improved to 39.6% on a consolidated basis, with Brazil achieving the lowest ratio ever at 37.7% [66][79] - The margin with clients grew by 3.7% to reach BRL 24.9 billion, indicating strong core results [65][69] Business Line Data and Key Metrics Changes - The loan portfolio saw a growth of 0.6% in Q2, with individual loans growing by 8.9% year-on-year, while the SMEs portfolio remained virtually flat [49] - The credit card portfolio experienced a strategic reduction, leading to a healthier risk profile and a drop in delinquency rates [50][60] - Revenue from services and insurance grew significantly, with insurance operations increasing by 2.9% in the quarter and 17.5% year-on-year [57] Market Data and Key Metrics Changes - The company noted a stable delinquency ratio with a slight increase of 0.1 percentage points, consistent with expectations [48] - The NPL (Non-Performing Loans) ratio for individuals showed a positive trend, with a 20 basis point drop in delinquency rates [60][76] - The acquiring business reached a volume of BRL 208 billion, reflecting a 22% growth in revenue [56] Company Strategy and Development Direction - The company is focused on digital transformation and efficiency improvements, aiming to enhance client experience and reduce costs [81][82] - There is an emphasis on maintaining a strong balance sheet and managing risk effectively throughout the interest rate cycle [70][102] - The company aims to be the main bank for clients, enhancing engagement and cross-selling opportunities [18][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, expecting a more benign credit cycle and potential revenue growth of 10% to 15% in 2024 [94][96] - The company anticipates stability in delinquency ratios and a positive outlook for the next quarters, with more chances of positive surprises than negative [77] - Management acknowledged the challenges in the capital markets but remains committed to delivering sustainable earnings [90] Other Important Information - The company maintained its guidance for the year, with slight adjustments to the effective tax rate expected to be between 27% and 29% [86][87] - The company is actively monitoring the impact of potential tax reforms on its operations and cost structure [30][31] Q&A Session Summary Question: What happened with the operational event affecting system availability? - Management apologized for the impact on investors and clients, acknowledging the need for resilience and improvements in the bank's operations [91][92] Question: What are the expectations for revenue growth in 2024? - Management is optimistic about achieving 10% to 15% revenue growth, driven by improvements in core segments and a more favorable credit cycle [94][96] Question: How does the company plan to manage capital allocation and payout? - Management indicated a direction towards increasing payout while ensuring capital is retained only as necessary for growth opportunities [99]

TABLE OF CONTENTS | CERTAIN TERMS AND CONVENTIONS | 1 | | --- | --- | | CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS | 2 | | PRESENTATION OF FINANCIAL AND OTHER INFORMATION | 4 | | SELECTED FINANCIAL DATA | 5 | | OPERATING AND FINANCIAL REVIEW AND PROSPECTS | 7 | | REGULATORY RECENT DEVELOPMENTS | 24 | | SIGNATURES | 31 | | FINANCIAL STATEMENTS | 32 | Page CERTAIN TERMS AND CONVENTIONS All references in this Form 6-K to (i) "Itaú Unibanco Holding," "Itaú Unibanco Group," "we," "us" or "our" are ...