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Earnings per share

12 Months Ended

Dec. 31, 2019

Note 25 – Earnings per share

a) Basic earning per share

Net income attributable to ITAÚ UNIBANCO HOLDING’s shareholders is divided by the average number of outstanding shares in the period, excluding treasury shares.


	01/01 to 12/31/2019			01/01 to 12/31/2018			01/01 to 12/31/2017
Net income attributable to owners of the parent company		27,113			24,907			23,193
Minimum non-cumulative dividends on preferred shares		(105	)		(104	)		(105	)
Retained earnings to be distributed to common equity owners in an amount per share equal to the minimum dividend payable to preferred equity owners		(109	)		(109	)		(110	)
Retained earnings to be distributed, on a pro-rata basis, to common and preferred equity owners:
Common		13,693			12,599			11,828
Preferred		13,206			12,095			11,150
Total net income available to equity owners:
Common		13,802			12,708			11,938
Preferred		13,311			12,199			11,255
Weighted average number of shares outstanding
Common		4,958,290,359			4,958,290,359			5,021,834,934
Preferred		4,781,855,588			4,759,872,085			4,734,030,111
Earnings per share – Basic – R$
Common		2.78			2.56			2.38
Preferred		2.78			2.56			2.38

b) Diluted earnings per share

Calculated similarly to the basic earnings per share; however, it includes the conversion of all preferred shares potentially dilutable in the denominator.


	01/01 to 12/31/2019			01/01 to 12/31/2018			01/01 to 12/31/2017
Net income available to preferred equity owners		13,311			12,199			11,255
Dividends on preferred shares after dilution effects		64			72			76
Net income available to preferred equity owners considering preferred shares after the dilution effect		13,375			12,271			11,331
Net income available to ordinary equity owners		13,802			12,708			11,938
Dividend on preferred shares after dilution effects		(64	)		(72	)		(76	)
Net income available to ordinary equity owners considering preferred shares after the dilution effect		13,738			12,636			11,862
Adjusted weighted average of shares
Common		4,958,290,359			4,958,290,359			5,021,834,934
Preferred		4,826,925,107			4,815,473,777			4,796,645,028
Preferred		4,781,855,588			4,759,872,085			4,734,030,111
Incremental as per share-based payment plans		45,069,519			55,601,692			62,614,917
Diluted earnings per share – R$
Common		2.77			2.55			2.36
Preferred		2.77			2.55			2.36

Potential anti-dilution effects of shares under our share-based payment, excluded from the calculation of diluted earnings per share, totaled 538,312 preferred shares at 12/31/2017. In the years 2019 and 2018 there was no such effect.