...The 1Q25 results reaffirm Itau Unibanco S.A.'s (Itau) strong credit culture and disciplined execution. Asset quality metrics remain stable across stages, despite macro stress. Write-offs are declining, non-performing loans (NPLs) remain contained and Stage 3 classification is conservative. This translated into a managerial net income of BRL11.1 billion, up 14% year-over-year and 2.2% quarter-over-quarter (QoQ). The consolidated return on equity (ROE) was 22.5% (23.7% in Brazil), reflecting strong earnings generation, continued operating leverage and effective capital allocation. The bank also posted its lowest-ever domestic efficiency ratio at 36%, underscoring persistent cost discipline....
