3q12

2. Page 2
1. Results:
 Recurring net income reached R$ 3.4 billion in the 3rdQ/12 (17.7% ROE), a decrease of 4.8% compared to the 2ndQ/12.
 In the first nine months of 2012, the recurring net income reached R$ 10.5 billion (19.0% ROE), decreasing 3.2% from the same period of the prior year.
2. Loan Portfolio Growth:
 The total loan portfolio (including endorsements, sureties and private securities) reached R$ 437.6 billion on September 30, 2012, a 1.1% growth from June
30, 2012 and 10.0% from September 30, 2011.
3. Financial Margin with Clients:
 Financial Margin with Clients totaled R$ 12.0 billion in the 3rdQ/12, a 3.0% reduction compared to the previous quarter.
 Net Interest Margin with Clients reached 10.6% in the 3rdQ/12, a decrease of 30 basis points compared to 2ndQ/12, mainly because of the fall in the SELIC
rate that reduced our revenues by R$ 113 million in the quarter and because of the higher growth in the loan portfolio of lower risk and spread.
 The Credit Spread decreased 60 basis points to 12.8%. The Risk adjusted Credit Spread (Net Spread) presented a 50 basis point decrease in the 3rdQ/12,
to 7.0%.
Highlights
(*) Includes Debentures, CRI and Commercial Papers
R$ million
Sep 30, 12 Jun 30, 12 Sep 30, 11
Sep/12 -
Jun/12
Sep/12 -
Sep/11
Individuals - Brazil 145,662 147,331 141,475 -1.1% 3.0%
Companies - Brazil 244,486 241,145 221,660 1.4% 10.3%
Argentina/Chile/Uruguay/Paraguay 27,454 24,923 19,102 10.2% 43.7%
Total with endorsements and sureties 417,603 413,399 382,236 1.0% 9.3%
Private Securities (*) 20,030 19,339 15,538 3.6% 28.9%
Adjusted Total Risk 437,632 432,738 397,774 1.1% 10.0%
Variation

3. Page 3
4. Banking Service Fees and Result from Insurance, Pension Plans and Capitalization:
 Banking service fees and result from insurance, pension plans and capitalization totaled R$ 5.7 billion in the quarter. In the first nine months of 2012, these
revenues increased 8.7% compared to the same period of the prior year and reached R$ 17.2 billion.
5. Non-Performing Loans Ratio and Loan Losses:
 Expenses for allowance for loan and lease losses, net of credit recovery, totaled R$ 4.8 billion in the 3rdQ/12, a decrease of 1.7% compared to the 2ndQ/12.
Expenses for allowance for loan and lease losses decreased 0.8% compared to the 2ndQ/12 and reached R$ 5.9 billion.
 The 90-day NPL ratio reached 5.1% in the 3rdQ/12, a 10 basis point decrease compared to last quarter. The 15-90 day NPL ratio reduced 30 basis points,
indicating a downward trend.
 For the next two quarters, expenses for allowance for loan and lease losses should be between R$ 5.5 billion and R$ 6.0 billion.
6. Non-Interest Expenses:
 Non-interest expenses decreased 3.1% compared to last quarter, totaling R$ 8.1 billion in the 3rdQ/12, already considering the impact of the labor
agreement that increased our personnel expenses by R$ 145 million. Year to date, our expenses increased slightly, 2.7% over the same period of 2011.
7. Efficiency Ratio:
 The efficiency ratio of the 3rdQ/12 reached 45.5%, increasing 50 basis points compared to the previous quarter. In the first nine months of 2012, this ratio
reached 45.0%, representing a 240 basis point decrease compared to the same period of the prior year.
 During the past 12 months the efficiency ratio reached 45.5%, improving 290 basis points compared to the same period of the prior year.
8. Unrealized Gains
 Unrealized Gains reached R$ 6.9 billion, an increase of 19.9% in the quarter, mainly due to fair value adjustments of our securities portfolio. The balance
of unrealized gains from our available for sale portfolio totaled R$ 2.4 billion on September, 2012.
Highlights

4. Page 4
3
rd
Q/12 2
nd
Q/12 Jan-Sep/12 Jan-Sep/11
3rd
Q/12 -
2nd
Q/12
Jan-Sep/12 -
Jan-Sep/11
Operating Revenues 19,513 20,268 59,695 55,165 -3.7% 8.2%
Financial Margin with Clients 11,970 12,340 36,662 33,812 -3.0% 8.4%
Financial Margin with Market 850 1,129 2,933 2,760 -24.8% 6.3%
Banking Service Fees and Income from Banking Charges 5,034 5,078 15,115 13,960 -0.9% 8.3%
Result from Insurance, Pension Plans and Capit. Operations
before Retained Claims and Selling Expenses
1,497 1,466 4,424 3,823 2.1% 15.7%
Other Operating Income 52 84 194 304 -37.8% -36.2%
Equity in Earnings of Affiliates and Other Investments 110 151 342 317 -27.6% 8.0%
Non-operating Income 1 19 25 189 - -
Loan Losses and Retained Claims (5,344) (5,374) (16,022) (11,734) -0.6% 36.5%
Expense for Allowance for Loan Losses (5,939) (5,988) (17,959) (14,459) -0.8% 24.2%
Recovery of Credits Written Off as Losses 1,159 1,126 3,477 3,915 2.9% -11.2%
Retained Claims (563) (511) (1,539) (1,190) 10.2% 29.4%
Other Operating Expenses (9,631) (9,964) (29,254) (28,364) -3.3% 3.1%
Non-interest Expenses (8,148) (8,411) (24,713) (24,059) -3.1% 2.7%
Tax Expenses for ISS, PIS, Cofins and Other Taxes (1,023) (1,050) (3,114) (2,864) -2.5% 8.7%
Other Results (*) (460) (503) (1,428) (1,442) -8.6% -1.0%
Income Before Tax on Income 4,537 4,930 14,419 15,066 -8.0% -4.3%
Income Tax and Social Contribution (1,125) (1,345) (3,878) (4,172) -16.4% -7.0%
Recurring Net Income 3,412 3,585 10,541 10,895 -4.8% -3.2%
Non-recurring Events (40) (281) (439) 45 - -
Net Income 3,372 3,304 10,102 10,940 2.1% -7.7%
Results
R$ million
(*) Includes selling expenses with insurance, profit sharing (management members) and minority interest. In the 3rdQ/12 these expenses represented R$ 272 million,
R$ 43 million and R$ 145 million, respectively.

5. Page 5
(8,402) (8,411) (8,148)
(24,059) (24,713)
3rdQ/11 2ndQ/12 3rdQ/12 Jan-Sep/11 Jan-Sep/12
Highlights
Non-interest Expenses Recurring Net Income
Operating Revenues Loan Losses Provision Expenses
(Financial Margin, Banking Service Fees, Result from Insurance, Pension Plans and
Capitalization before Retained Claims, Other Income, Equity in Earnings of Affiliates
and Non-Operating Income)
(Personnel, Administrative, Operating and Other Tax Expenses)
R$ million
19,343 20,268 19,513
55,165
59,695
3rdQ/11 2ndQ/12 3rdQ/12 Jan-Sep/11 Jan-Sep/12
+ 0.9%
- 3.7%
+ 8.2%
(4,972)
(5,988) (5,939)
(14,459)
(17,959)
3rdQ/11 2ndQ/12 3rdQ/12 Jan-Sep/11 Jan-Sep/12
+ 19.5%
- 0.8%
+ 24.2%
- 3.0%
- 3.1%
+ 2.7%
3,940 3,585 3,412
10,895 10,541
3rdQ/11 2ndQ/12 3rdQ/12 Jan-Sep/11 Jan-Sep/12
- 13.4%
- 4.8%
- 3.2%

6. Page 6
0.80 0.78
0.760.79
0.75
0.87
0.73
0.83
0.750.73
0.76
0.86
0.84
0.78
0.82
0.79
4thQ/10 1stQ/11 2ndQ/11 3rdQ/11 4thQ/11 1stQ/12 2ndQ/12 3rdQ/12
Recurring Net Income per share Net Income per share
23.5%
19.4%
17.7%
22.4%
19.0%
3rdQ/11 2ndQ/12 3rdQ/12 Jan-Sep/11 Jan-Sep/12
5,502 5,788 5,695
15,856
17,237
3rdQ/11 2ndQ/12 3rdQ/12 Jan-Sep/11 Jan-Sep/12
11.7% 10.9% 10.6%
11.6% 10.9%
3rdQ/11 2ndQ/12 3rdQ/12 Jan-Sep/11 Jan-Sep/12
Highlights
Recurring ROE (average) Earnings per Share
Net Interest Margin (with Clients) Banking Service Fees and Result from Insurance
( Banking Service Fees and Result from Insurance, Pension Plans and
Capitalization after Retained Claims and selling expenses)
29.2%28.6%28.4%
Fees/ Operating Revenues
R$ million
R$
28.9%28.7%
- 110 bps
- 30 bps
- 70 bps
- 580 bps
- 170 bps
- 340 bps
+ 3.5%
-1.6%
+ 8.7%

7. Page 7
13.8%
12.9% 12.8%
13.2% 13.0%
13.5% 13.4%
12.8%
12.2%
11.5% 11.6%
11.2% 10.9%
7.4%
9.3%
8.1%
6.8% 6.6% 6.3%
7.6%
11.0% 10.6%11.7%
8.3%
7.0%
8.0%8.3%
9.8%
7.5%
7.6%
7.8%
7.4%
8.1%
12.0%
11.2%
8.3%
9.8%
10.3% 10.6%
10.7%
4thQ/10 1stQ/11 2ndQ/11 3rdQ/11 4thQ/11 1stQ/12 2ndQ/12 3rdQ/12
Gross Credit Spread NIM with clients
Net Credit Spread Risk adjusted NIM with clients
CDI
Financial Margin
(after loan losses provision expenses, net of the recovery)

8. Page 8
Highlights
Assets Stockholders' Equity
R$ million
Loan Portfolio (Includes Endorsements and Sureties) Total Funding with clients (Includes AuA)
836,994
888,809
960,216
Sep 30, 11 Jun 30, 12 Sep 30, 12
+ 14.7%
+ 8.0%
68,206
75,636
78,979
Sep 30, 11 Jun 30, 12 Sep 30, 12
+ 15.8%
+ 4.4%
382,236
413,399 417,603
Sep 30, 11 Jun 30, 12 Sep 30, 12
+ 9.3%
+ 1.0%
869,260
942,300 965,172
Sep 30, 11 Jun 30, 12 Sep 30, 12
+ 11.0%
+ 2.4%

9. Page 9
Loans by Type of Client / Product
(*) Includes private securities (debentures, CRIs and commercial papers).
Note: The acquired payroll loan portfolio is classified as corporate risk (balance of R$ 2,511million on Sep 30, 2012 with an increase of 33.3% compared with Jun 30, 2012
and 77.8% compared with Sep 30, 2011).
R$ million
Variation
Sep 30, 12 Jun 30, 12 Dec 31, 11 Sep 30, 11
Sep/12 -
Jun/12
Sep/12 -
Dec/11
Sep/12 -
Sep/11
Individuals - Brazil 145,662 147,331 147,573 141,475 -1.1% -1.3% 3.0%
Credit Card 36,699 36,777 38,961 35,586 -0.2% -5.8% 3.1%
Personal Loans 38,231 38,243 35,069 33,282 0.0% 9.0% 14.9%
Vehicles 54,046 56,575 60,093 60,008 -4.5% -10.1% -9.9%
Mortgage Loans 16,687 15,736 13,450 12,599 6.0% 24.1% 32.4%
Companies - Brazil 244,486 241,145 228,761 221,660 1.4% 6.9% 10.3%
Corporate 155,038 149,487 138,384 133,181 3.7% 12.0% 16.4%
Very Small, Small and Middle Market 89,448 91,658 90,378 88,479 -2.4% -1.0% 1.1%
Argentina/Chile/Uruguay/Paraguay 27,454 24,923 20,678 19,102 10.2% 32.8% 43.7%
Total with endorsements and sureties 417,603 413,399 397,012 382,236 1.0% 5.2% 9.3%
Total with endorsements and sureties (ex-Vehicles) 363,557 356,824 336,919 322,228 1.9% 7.9% 12.8%
Corporate - Total Risk (*) 175,068 168,826 153,604 148,718 3.7% 14.0% 17.7%
Endorsements and Sureties 57,792 56,611 51,530 46,957 2.1% 12.2% 23.1%

10. Page 10
10.9 11.6 11.8 10.7 10.1 10.2 10.6 10.3 11.3 12.3 13.1 12.9 14.0 14.9
5.5
6.4 6.2
6.1 6.5 6.8 6.9 6.8
7.4 7.3
7.6 8.0
8.0 7.75.1 5.1 5.1 5.1
5.1 5.1
6.5
6.1 6.1
6.1 6.1 5.14.5
6.1
27.7
26.025.8
24.723.8
22.2
22.0
23.022.622.924.124.122.9
27.1
Jun/09 Sep/09 Dec/09 Mar/10 Jun/10 Sep/10 Dec/10 Mar/11 Jun/11 Sep/11 Dec/11 Mar/12 Jun/12 Sep/12
Additional provision — expected loss model + counter-cyclical provision
Complementary portion of the provision— expected loss model
Allowance for loan losses – Loan Portfolio Rating A–G (*)
Allowance for loan losses – Loan Portfolio Rating H (*)
9.8% 10.2% 9.8%
9.1%
8.6% 8.3%
7.5% 7.3% 7.5% 7.4% 7.5% 7.5% 7.6% 7.7%
1.8% 1.8% 1.7% 1.5% 1.5% 1.5% 1.4% 1.5% 1.6% 1.5% 1.6% 1.7% 1.7% 1.7%
1.6% 1.6% 1.3% 1.2% 1.2% 1.1% 0.9% 1.1% 1.2% 1.1% 1.1% 1.4% 1.4% 1.3%
2ndQ/09 3rdQ/09 4thQ/09 1stQ/10 2ndQ/10 3rdQ/10 4thQ/10 1stQ/11 2ndQ/11 3rdQ/11 4thQ/11 1stQ/12 2ndQ/12 3rdQ/12
Allowance for loan losses specific + generic + additional/ Loan Portfolio
Expense for Allowance for Loan Losses/ Loan Portfolio (**)
Exp. for Allow. for Loan Losses net of Recov. of Cred. Writt.Off as Loss / Loan Portfolio (**)
7.2%
6.9%
7.9%
7.5% 7.2%
5.9%
5.2%
4.7%
5.1%
4.5% 4.2%
3.9%
4.7% 4.5% 4.3% 4.4%
4.8% 4.5%
4.2%
3.1%
2.3% 2.1%
2.5%
2.0% 2.2%
1.7%
2.4% 2.4%
2.1% 2.3% 2.3% 2.2%
1.8%
9.3%
8.6%
7.7%
8.1%
7.5%
6.7% 6.5%
7.5% 7.2%
Jun/09Sep/09Dec/09Mar/10Jun/10Sep/10Dec/10Mar/11Jun/11Sep/11Dec/11Mar/12Jun/12Sep/12
Individuals Total Companies
8.1% 8.0%
7.4%
6.7%
6.3%
6.0% 5.8% 5.7% 5.8%
6.3%
6.6% 6.7%
7.3% 7.5%
5.6%
4.7%
5.7% 5.9%
5.4%
4.6%
4.2% 4.2% 4.2%
4.5% 4.7% 4.9% 5.1% 5.2% 5.1%
3.5% 3.5%
3.7%
3.5% 3.3%
4.8%5.0%5.8% 4.5%
5.1%
5.3%
5.5%
5.1%
5.8%
5.5%
4.8%
5.6%
5.9%
3.5%
3.1%2.9%2.8%
3.2%3.3%
4.0%4.1%
3.1%
Jun/09Sep/09Dec/09Mar/10Jun/10Sep/10Dec/10Mar/11Jun/11Sep/11Dec/11Mar/12Jun/12Sep/12
Individuals Brazilian Financial System Total Companies
Credit Ratios
90-day NPL Ratio 15 to 90-day NPL Ratio
Balance of Allowance for Loan LossesAllowance for Loan Losses
R$ billion
(*)There was an additional provision reversal in the amount of R$ 1.6 billion in the 4th quarter of 2010.
(**) Average loan portfolio balance considering two quarters.
(*) Resolution 2,682/99 CMN
(*)
(*)Source: Brazilian Central Bank (Sep,2012 data refers to Aug,2012, once Sep,2012 data were not yet available).
(*)

11. Page 11
0.36
0.47
0.73 0.81
0.48 0.45 0.41 0.45 0.48
0.67
0.77
0.94
0.73
0.72 0.69
0.77
0.95
1.17 1.17
1.35
1.56
1.22
0.87
0.78 0.70
0.55 0.49 0.42
0.31 0.33 0.39
0.52
0.40
0.45
0.59 0.52 0.49
0.43 0.44 0.45
0.57
0.75
0.88 0.96 0.98
1.16
1.22
1.27 1.24 1.32
1.40
1.23
1.04
0.94
0.72
0.64 0.61
1.60
1.36
1.58
2.25 2.30 2.19 2.09 2.10 2.16
2.40 2.52
2.95
3.09
3.47 3.40
2.05 2.04
1.69 1.75 1.64
1.20
0.96
1.16
1.38
0.91
1.30 1.29
1.58
1.18
1.41 1.52
1.84
2.00
2.21
2.40 2.42 2.41
2.68
2.90
1.27
3.11 2.31
1.29
3.23
3.13
3.27 3.45
2.92
2.60 2.47
1.99
D
ec/09
Jan/10
Feb/10
M
ar/10
Apr/10
M
ay/10
Jun/10
Jul/10
Ago/10
Sep/10
O
ct/10
N
ov/10
D
ec/10
Jan/11
Feb/11
M
ar/11
Apr/11
M
ay/11
Jun/11
Jul/11
Ago/11
Sep/11
O
ct/11
N
ov/11
D
ec/11
Jan/12
Feb/12
M
ar/12
Apr/12
M
ay/12
Itaú Unibanco - 4 months after origination Market without Itaú Unibanco - 4 months after origination
Itaú Unibanco - 6 months after origination Market without Itaú Unibanco - 6 months after origination
Individuals Vehicle Portfolio (Delinquency)
90-day NPL Ratio by vintage, 4 and 6 months after origination - Vehicles
Month of
Granting
(*) Source: Brazilian Central Bank and Fenabrave (automotive vehicles distribution national federation).
(*)
(*)
%

12. Page 12
28 24 28 31 32 33 37
50 53 50 48 47 44 42
2009 2010 1stH/11 2ndH/11 1stQ12 2ndQ/12 3rdQ/12
% Average down payment Term (months)
20% 16% 13% 9% 3%
80%
87% 91% 97% 100%
84%
2010 1stH/11 2ndH/11 1stQ/12 2ndQ/12 3rdQ/12
607
992
958 971
795
Média trimestral
2011
1ºT/12 2ºT/12 3ºT/12 4ºT/12
Estimado
Individuals Vehicle Portfolio
Decrease in loan terms and increase in average down payments
There was no origination of loans 60-month term and no down payment in the 3rdQ/12.
Loan average term and down payment
Itaú Unibanco’s Origination
Vehicles Loan Losses Provision Expenses
2011 quarterly
average
1stQ/12 2ndQ/12 3rdQ/12 4thQ/12
Estimated
R$ 1.3 billion
R$ millionItaú Unibanco

13. Page 13
R$ million
(*) Funding from Institucional Clients reached R$ 25,149 million in Sep, 2012, representing 6.5% of the Total Funding with clients.
(1) Includes funds from real estate, mortgage, financial, credit and similar notes.
(2) Does not include own issued Debentures, classified as funding.
(3) Stockholders’ Equity + Minority interests - Permanent Assets.
Funding and Assets Under Management
Sep 30, 12 Jun 30, 12 Sep 30, 11
Sep/12 -
Jun/12
Sep/12 -
Sep/11
Demand Deposits 29,818 31,361 26,069 -4.9% 14.4%
Savings Deposits 77,414 73,056 63,334 6.0% 22.2%
Time Deposits 115,172 120,872 129,115 -4.7% -10.8%
Debentures (Repurchase Agreements) 124,394 115,724 111,680 7.5% 11.4%
Funds from Bills (1) 39,823 38,757 25,501 2.8% 56.2%
(1) Total - Funding from Institucional Clients and Account Holders
(*) 386,620 379,770 355,698 1.8% 8.7%
Onlending 34,860 34,694 36,073 0.5% -3.4%
(2) Total – Funding from Institutional & Account Holders 421,480 414,464 391,772 1.7% 7.6%
Assets Under Administration 432,291 422,623 390,811 2.3% 10.6%
Technical Provisions for Insurance, Pension Plan and Capitalization 87,281 82,553 70,170 5.7% 24.4%
(3) Total – Clients 941,052 919,641 852,752 2.3% 10.4%
Deposits from Banks 9,516 9,686 2,157 -1.8% 341.1%
Funds from Acceptance and Issuance of Securities Abroad 14,604 12,973 14,350 12.6% 1.8%
Total Funds from Clients + Banks 965,172 942,300 869,260 2.4% 11.0%
Repurchase Agreements (2) 123,495 81,941 85,004 50.7% 45.3%
Borrow ings 21,994 20,885 21,799 5.3% 0.9%
Foreign Exchange Portfolio 41,125 36,775 39,759 11.8% 3.4%
Subordinated Debt 48,544 42,948 37,638 13.0% 29.0%
Collection and payment of Taxes and Contributions 4,517 4,238 4,636 6.6% -2.6%
Free Assets (3) 56,952 64,608 58,547 -11.8% -2.7%
Free Assets and Other 296,627 251,395 247,382 18.0% 19.9%
Total Funds (Free, Raised and Managed Assets) 1,261,799 1,193,695 1,116,642 5.7% 13.0%
Variation

14. Page 14
292 292 295 304 362 359 384
75 99 105 109 112
119 99 101 90367 391 400 414 446
481 458 465 474
334 364
345 347 360
277 295 304 317 335
357
Sep/10 Dec/10 Mar/11 Jun/11 Sep/11 Dec/11 Mar/12 Jun/12 Sep/12
93.6%
75.9%
95.1%
101.1% 102.9% 104.1% 100.5%
95.5% 96.7% 98.0%
75.6% 75.5% 75.9% 76.6% 75.2% 71.9% 75.9% 76.8%
91.5%
98.1% 95.1%
101.1% 102.9% 104.1% 100.5%
95.5%
77.7% 76.8% 75.6% 75.5% 75.9% 76.6% 75.2% 71.9%
Loan Portfolio / Funding (%) Loan Portfolio / Gross Funding(**) (%)
Ratio between Loan Portfolio and Funding
R$ billion
(*) Includes resources obtained from account holders and institutional clients, onlending, foreign borrowings and securities, borrowings and subordinated debts that are not
included in Tier II Reference Equity. Considers the deductions of reserve requirements, cash and cash equivalents.
(**) Considers gross funding (disregarding the deductions of reserve requirements, cash and cash equivalents).
+ 0.8%
+ 5.6%
274 267 292 292 304 334
48 74 75 99 105 109 112
119
322 341 367 391 400 414
446
481
295 362
317 335
304295
262250 277
345
Mar/10 Jun/10 Sep/10 Dec/10 Mar/11 Jun/11 Sep/11 Dec/11
Funding (*) Compulsory Deposits and Cash Loan PortfolioReserve Requirements and Cash

15. Page 15
4,911 4,950 5,045 5,309 5,502
5,906 5,754 5,788 5,695
29.3% 27.6% 28.5% 29.3% 28.4% 30.1% 28.9% 28.6% 29.2%
3rdQ/10 4thQ/10 1stQ/11 2ndQ/11 3rdQ/11 4thQ/11 1stQ/12 2ndQ/12 3rdQ/12
Banking Service Fees and Income from Banking Charges + Result from Insur., Pens. Plans and Capitalization
(Banking Service Fees and Income from Banking Charges + Result from Insur., Pens. Plans and Capit.)/Operating Revenues
Banking Service Fees and Result from Insurance, Pension Plans and
Capitalization
R$ million
(1) Desconsidering the impact of Orbitall’s Services, Banking Service Fees Income would have increased 9.4% over the first nine months of 2011.
(2) Income from insurance, pension plan and capitalization operations (-) Retained claims (-) Selling expenses with insurance, pension plan and capitalization
3rd
Q/12 2nd
Q/12 Jan-Sep/12 Jan-Sep/11
3rd
Q/12 -
2
nd
Q/12
Jan-Sep/12 -
Jan-Sep/11
Asset Management 785 741 2,233 1,946 6.0% 14.8%
Current Account Services 846 807 2,403 1,795 4.8% 33.9%
Loan Operations and Guarantees Provided 613 656 1,956 2,430 -6.5% -19.5%
Collection Services 352 355 1,052 988 -1.0% 6.4%
Credit Cards 2,042 2,029 6,102 5,387 0.7% 13.3%
Orbitall's Processing Service 25 34 174 302 -27.6% -42.4%
Other 395 491 1,370 1,414 -19.5% -3.1%
Banking Service Fees Income
1 5,034 5,078 15,115 13,960 -0.9% 8.3%
Result from Insurance, Pension Plans and Capitalization
2 661 710 2,122 1,896 -6.8% 11.9%
Total 5,695 5,788 17,237 15,856 -1.6% 8.7%

16. Page 16
45.5
74.4
45.044.547.047.047.847.451.550.2
73.072.669.569.071.868.769.270.9
45.5
70.7 69.5 69.6 70.1 69.7 69.7 70.7 71.0 72.4
47.8 48.9 47.4 47.3 46.2 45.5 45.0
45.946.547.348.449.2
49.248.8
48.0 49.749.9
3rdQ/10 4thQ/10 1stQ/11 2ndQ/11 3rdQ/11 4thQ/11 1stQ/12 2ndQ/12 3rdQ/12
Quarter E.R. (%) Quarter R.A.E.R. (%)
E.R. Cumulative figure of the last 12 months (%) R.A.E.R. Cumulative figure of the last 12 months (%)
E.R. Cumulative figure of the last 9 months (%)
3
rd
Q/12 2
nd
Q/12 Jan-Sep/12 Jan-Sep/11
3rd
Q/12 -
2
nd
Q/12
Jan-Sep/12 -
Jan-Sep/11
Personnel Expenses (3,456) (3,438) (10,287) (10,048) 0.5% 2.4%
Administrative Expenses (3,463) (3,659) (10,550) (10,266) -5.4% 2.8%
Personnel Expenses and Administrative (6,919) (7,098) (20,836) (20,315) -2.5% 2.6%
Operating Expenses (*) (1,128) (1,181) (3,543) (3,495) -4.5% 1.4%
Other Tax Expenses (**) (101) (133) (333) (249) -23.8% 34.0%
Non–Interest Expenses (8,148) (8,411) (24,713) (24,059) -3.1% 2.7%
(*) Considers expenses with provision for contingencies, credit card selling, claims and other.
(**) Includes IPTU, IPVA, IOF and other. Does not include PIS, Cofins and ISS
Non–Interest Expenses and Efficiency Ratio
R$ million
Efficiency Ratio and Risk-Adjusted Efficiency Ratio

17. Page 17
Itaú Unibanco’s Recurring Net Income Composition
3rdQ/2012
Consumer Credit
Activities with the Market + Corporation
Commercial Bank (without insurance)
Itaú BBA
Insurance, Pension Plans and Capitalization (with Porto Seguro)
3rdQ/2011 2ndQ/2012
32%
8%
17%
29%
14%
34%
8%
15%
29%
14%
30%
9%
16%
32%
13%

18. Page 18
15.5%
16.9% 17.5%
12.2%12.4%12.0%
Sep/11 Jun/12 Sep/12
BIS Tier I
BIS Ratio
Evolution of BIS Ratio and Tier I
(Economic Financial Consolidated)
 According to the principles of Basel III, the investments in insurance companies, within the exemptions allowed by the new rule, must be deducted from the
Referential Equity. If it had been fully implemented in Sep/12, our BIS ratio would have been 16.8% under the financial conglomerate criteria (actually at 17.4%).
 There are R$ 2,421 million of subordinated debt still pending approval by the Brazilian Central Bank to compose our Tier II. If approved, our BIS ratio would have
been 17.9% (40 bps increase).
Note: Based on the financial conglomerate concept (“consolidado operacional”), the BIS ratio reached 17.4% on September 30, 2012.
R$ billion
(*) Net Income considered in the Economic Financial Consolidated
RE RWE BIS Ratio
June, 2012 102.5 606.1 16.9%
Subordinated Debt approved 5.6 0.9%
Net Income for the period (*) 3.5 0.6%
Asset Valuation Adjustment (AFS) 0.7 0.1%
Interest on Net Equit and Dividends -0.7 -0.1%
Other changes in referential equity -0.8 -0.1%
Changes in RWE 26.1 -0.7%
September, 2012 110.8 632.2 17.5%
RE- Referential Equity
RWE= Risk Weighted Exposure
Quarter Evolution

19. Page 19
106
224
452
632
368
443 458 441
189
242
191
207
277 301
23 36 51
185
319
641
874
559
650
735 742
9 13 19
32 23 32
79
95
23.8
41.2 54.5
80.8
115.3
140.5
107.9
175.1 179.6
152.8
138.4
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Jan-
Sep/12
Market Capitalization (R$ billion)
Market Capitalization and Average Daily Trading Volume
Average Daily Trading Volume
(*)
(*) As of September 30, 2012, Itaú Unibanco was the 16th largest bank in the world in terms of market capitalization (Source: Bloomberg)
NYSE (ADR) BM&FBOVESPA (Non-voting + Common)

20. Pág. 20
Redecard
Results of the Public Tender Offer (RDCD3)
 On September 24th, Itaú Unibanco acquired 44.4% of Redecard by means of a Tender Offer for the purchase
price of R$ 35.00, totaling 94.4% of the share capital (R$ 10.5 billion).
 After the auction, more shares were acquired, increasing our interest in the capital of Redecard to 98.0%, a total
investment of R$ 11.3 billion. Our expectation is to complete the purchase of 100% shares until the end of 2012.
 On October 18th, 2012, the Brazilian Securities and Exchange Commission (CVM) canceled the register of
Redecard as a public company.

21. Pág. 21
IT Investments of R$ 10.4 billion between 2012 and 2015
Investment Breakdown
R$ 2.7 billion
Data Processing Systems
595 680 717 757
2012 2013 2014 2015
274 151 160 169
2012 2013 2014 2015
1,203 1,232 1,141 1,062
2012 2013 2014 2015
R$ 0.8 billion
Software Acquisition
R$ 4.6 billion
Internally Developed Softwares (1)
R$ 2.3 billion
New Data Center
(1) Considers relevant projects only
 3 Data Centers model: 2 with balanced operations in Mogi Mirim
and 1 in São Paulo for Disaster Recovery
 High availability operations: infrastructure preparation and
application
 Minimum Tier III requirements: high rate of energetic efficiency
and infrastructure availability (electricity, refrigeration and security)
 Estimated investment: R$815.5 million (building), R$ 1,364 million
on hardware/software and R$ 909 million on infrastructure.
Total Investments between 2012 and 2015 - R$10.4 billion
2012 2013 2014 2015 2016Steps
1 2 3
4
Main goals are: time to market, Quality, Focus: client x product, information
quality and Basel II and III.
Strategy (active-active model)
Construction and occupation
Architecture definition
Environment optimization
Migration preparation
Migration
Operationalization
Feb-14
May-13
Feb-15
Feb-15
Feb-14 Jul-16
Jul-16

22. Pág. 22
Sale of Interest in Serasa Experian
Before June/2007 (Itaú + Unibanco)
1,930,067 shares of Serasa.
51.17% stake in Serasa.
June/2007 (Itaú + Unibanco)
 First sale of shares of Serasa to Experian.
 Income before taxes for 2Q07: R$ 1,2 billion; and
 Remaining stake of 16.34% in Serasa.
October/2012
 Sale of total remaining stake: 601,403 shares of Serasa to Experian.
 Estimated income before taxes for 4Q12: R$ 1,5 billion.