Enhanced Investments - Financial Portal

ITAÚ UNIBANCO - MATERIAL FACT - PROJECTIONS 2023

Published: 2023-02-07 22:17:00 ET

SÃO PAULO, Feb. 7, 2023/PRNewswire/ -- Itaú Unibanco Holding S.A. ("Company" or "Itaú Unibanco"), in compliance with Article 157, Paragraph 4 of Law 6,404/76 and Resolution no. 44/21 of the Brazilian Securities and Exchange Commission, informs its stockholders and the market in general that as of this date it has released its projections for the year 2023 in accordance with the provision in item 11 ("Projections") of the Reference Form.

guidance 2023	consolidated

total credit portfolio1	growth between 6.0% and 9.0%
financial margin with clients	growth between 13.5% and 16.5%
financial margin with the market	between R$ 2.0 bn and R$ 4.0 bn
cost of credit2	between R$ 36.5 bn and R$ 40.5 bn
commissions and fees and results from insurance operations3	growth between 7.5% and 10.5%
non-interest expenses	growth between 5.0% and 9.0%	consolidated efficiency ratio below 40% and below 38% in Brazil
effective tax rate	between 28.5% and 31.5%
(1) Includes financial guarantees provided and corporate securities; (2)Composed of result from loan losses, impairment and discounts granted;(3)commissions and fees (+) income from insurance, pension plan and premium bonds operations (-) expenses for claims (-) insurance, pension plan and premium bonds selling expenses.

It's worth mentioning that the company considers, for management purposes, a cost of capital of around 14.5% per year.

Information on outlooks for the business, projections and operational and financial goals are solely forecasts, based on management's current outlook in relation to the future of Itaú Unibanco. These expectations are highly dependent on market conditions, general economic performance of the country, of the sector and the international markets. Therefore, our effective results and performance may differ from those forecasted in this prospective information.

RENATO LULIA JACOB

Group Head of Investor Relations and Marketing Intelligence

CNPJ 60.872.504/0001-23A Publicly Listed CompanyNIRE 35300010230

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SOURCE Itaú Unibanco Holding S.A.

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.