Itaú Unibanco Holding reported consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, operating Revenue was BRL 27,426 million against BRL 27,266 million a year ago. Result from Insurance, Pension Plan and Premium Bonds Operations before retained claims and Selling Expenses was BRL 1,898 million against BRL 2,007 million a year ago. Income before tax and minority Interests was BRL 9,977 million against BRL 8,970 million a year ago. Recurring net income was BRL 6,419 million against BRL 6,176 million a year ago. Recurring net income per share was BRL 0.99 against BRL 0.95 a year ago. Net income per share was BRL 0.97 against BRL 0.93 a year ago. Book value per share was BRL 18.27 against BRL 17.61 a year ago. Net income was BRL 6,280 million against BRL 6,052 million a year ago. Pro forma recurring net income was BRL 6,419 million against BRL 6,176 million a year ago. Pro forma operating revenues were BRL 27,426 million against BRL 27,266 million a year ago. Pro forma recurring net income per share was BRL 0.99 against BRL 0.95 a year ago. Pro forma net income per share was BRL 0.97 against BRL 0.93 a year ago. Pro forma book value per share was BRL 18.27 against BRL 17.61 a year ago.

For the quarter, the company's impairment was BRL 187 million against BRL 444 million a year ago.

For the full year of 2018, the company's expects effective tax rate from 33.5% to 35.5%.