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Consolidated Statement of Income (BRL)
In Millions, except Share data
12 Months Ended
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
INTEREST INCOME 78,369 72,567 47,649
Interest on loans and leases 52,035 48,582 31,326
Interest on deposits in banks 3,165 3,534 3,028
Interest on Central Bank compulsory deposits 4,036 519 1,051
Interest on securities purchased under resale agreements 7,572 8,673 5,369
Interest on trading assets 7,767 7,086 4,141
Interest and dividends on available-for-sale securities 3,315 3,996 2,536
Interest on held-to-maturity securities 479 177 198
INTEREST EXPENSE (34,824) (31,876) (26,508)
Interest on deposits (11,776) (11,773) (6,233)
Interest on securities sold under repurchase agreements (7,291) (7,177) (6,489)
Interest on short-term borrowings (8,198) (5,314) (7,737)
Interest on long-term debt (4,802) (4,586) (4,721)
Interest on investment contracts (2,757) (3,026) (1,328)
NET INTEREST INCOME 43,545 40,691 21,141
Provision for loan and lease losses (11,871) (15,372) (9,361)
NET INTEREST INCOME AFTER ALLOWANCE FOR LOAN AND LEASE LOSSES 31,674 25,319 11,780
NON-INTEREST INCOME 31,238 40,436 15,775
Fee and commission income 16,630 13,479 8,941
Trading income (losses), net 2,275 9,284 (2,843)
Net gain (loss) on sale of available-for-sale securities 220 211 (114)
Net gain (loss) on foreign currency transactions 2,311 2,619 1,059
Net gain (loss) on transactions of foreign subsidiaries (451) (3,390) 1,938
Equity in earnings of unconsolidated companies, net 308 (9) 474
Insurance premiums, income on private retirement plans and capitalization plans 6,410 8,132 3,917
Other non-interest income 3,535 10,110 2,403
NON-INTEREST EXPENSE (46,084) (42,294) (24,011)
Salaries and employee benefits (in 2010 includes gain of R$ 999 on curtailment and partial settlement of PAC Note 25) (10,836) (10,589) (6,170)
Administrative expenses (12,775) (10,001) (6,409)
Amortization of intangible assets (4,592) (3,663) (1,201)
Insurance claims, changes in reserves for insurance operations, for private retirement plans and acquisition costs (5,179) (6,452) (3,301)
Depreciation of premises and equipment (1,476) (1,250) (756)
Other non-interest expenses (includes R$20, R$56 and R$53 of other than temporary impairment on available for sale securities in 2010, 2009 and 2008) (11,226) (10,339) (6,174)
NET INCOME BEFORE TAXES ON INCOME 16,828 23,461 3,544
TAXES ON INCOME      
Current (4,063) (5,477) (1,681)
Deferred (874) (3,372) 3,015
TOTAL TAXES ON INCOME (4,937) (8,849) 1,334
NET INCOME 11,891 14,612 4,878
Less: Net income attributable to noncontrolling interests (824) (527) (29)
NET INCOME ATTRIBUTABLE TO ITAU UNIBANCO 11,067 14,085 4,849
EARNINGS PER SHARE – BASIC (*)      
Common (in reais per share) 2.44 [1] 3.25 [1] 1.49 [1]
Preferred (in reais per share) 2.44 [1] 3.25 [1] 1.49 [1]
EARNINGS PER SHARE – DILUTED (*)      
Common (in reais per share) 2.44 [1] 3.24 [1] 1.48 [1]
Preferred (in reais per share) 2.44 [1] 3.24 [1] 1.48 [1]
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING – BASIC (*)      
Common (in shares) 2,288,034,273 [1] 2,192,530,134 1,708,760,440 [1]
Preferred (in shares) 2,246,784,635 [1] 2,143,753,894 1,554,841,088 [1]
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING – DILUTED (*)      
Common (in shares) 2,288,034,273 [1] 2,192,530,134 [1] 1,708,760,440 [1]
Preferred (in shares) 2,260,049,773 [1] 2,149,890,063 [1] 1,569,079,278 [1]
[1] After giving effect to the bonus shares occurred in August 2009 (note 19a).