Stockholders' equity (Tables)

12 Months Ended

Dec. 31, 2019

A breakdown and changes in

paid-in

capital at the beginning and end of the period are shown below:


	12/31/2019
	Number
	Common		Preferred			Total			Amount
Residents in Brazil at 12/31/2018		4,928,076,320		1,609,055,166			6,537,131,486			64,776
Residents abroad at 12/31/2018		30,214,039		3,236,789,823			3,267,003,862			32,372

Shares of capital stock at 12/31/2018		4,958,290,359		4,845,844,989			9,804,135,348			97,148
Shares of capital stock at 12/31/2019		4,958,290,359		4,845,844,989			9,804,135,348			97,148

Residents in Brazil at 12/31/2019		4,931,023,416		1,665,657,332			6,596,680,748			65,366
Residents abroad at 12/31/2019		27,266,943		3,180,187,657			3,207,454,600			31,782
Treasury shares at 12/31/2018 (1)		—		83,614,426			83,614,426			(1,820	)
Result from delivery of treasury shares		—		(25,080,841	)		(25,080,841	)		546
Treasury shares at 12/31/2019 (1)		—		58,533,585			58,533,585			(1,274	)

Outstanding shares at 12/31/2019		4,958,290,359		4,787,311,404			9,745,601,763
Outstanding shares at 12/31/2018		4,958,290,359		4,762,230,563			9,720,520,922


	12/31/2018
	Number
	Common			Preferred			Total			Amount
Residents in Brazil at 12/31/2017		3,299,073,506			1,116,291,341			4,415,364,847			65,482
Residents abroad at 12/31/2017		20,877,606			2,114,271,985			2,135,149,591			31,666

Shares of capital stock at 12/31/2017		3,319,951,112			3,230,563,326			6,550,514,438			97,148
Stock Split – ESM of 07/27/2018 – Approved on 10/31/2018		1,652,763,453			1,615,281,663			3,268,045,116			—
(-) Cancellation of Shares – Meeting of the Board of Directors 02/22/2018		(14,424,206	)		—			(14,424,206	)		—
Shares of capital stock at 12/31/2018		4,958,290,359			4,845,844,989			9,804,135,348			97,148

Residents in Brazil at 12/31/2018		4,928,076,320			1,609,055,166			6,537,131,486			64,776
Residents abroad at 12/31/2018		30,214,039			3,236,789,823			3,267,003,862			32,372
Treasury shares at 12/31/2017 (1)		14,424,206			71,459,714			85,883,920			(2,743	)
Purchase of shares		—			13,100,000			13,100,000			(510	)
(-) Cancellation of Shares – Meeting of the Board of Directors 02/22/2018		(14,424,206	)		—			(14,424,206	)		534
Result from delivery of treasury shares		—			(29,623,265	)		(29,623,265	)		899
Stock Split – ESM of 07/27/2018 – Approved on 10/31/2018		—			28,677,977			28,677,977			—
Treasury shares at 12/31/2018 (1)		—			83,614,426			83,614,426			(1,820	)

Outstanding shares at 12/31/2018		4,958,290,359			4,762,230,563			9,720,520,922
Outstanding shares at 12/31/2017 (2)		4,958,290,359			4,738,655,417			9,696,945,776

(1)	Own shares, purchased based on authorization of the Board of Directors, to be held in Treasury for subsequent cancellation of replacement in the market.

(2)	For better comparability, outstanding shares in the period of 12/31/2017 were adjusted by the split approved on 10/31/2018.

Below is the average cost of treasury shares and their market price in reais. On 2019, there was no acquisition of treasury shares.

l - Calculation of dividends and interest on capital


	12/31/2019			12/31/2018			12/31/2017
Statutory net income		26,712			21,945			21,108
Adjustments:
(-) Legal reserve - 5%		(1,336	)		(1,097	)		(1,055	)
Dividend calculation basis		25,376			20,848			20,053
Minimun mandatory dividend - 25%		6,344			5,212			5,013
Dividends and Interest on Capital Paid / Accrued / Identified		18,777			22,437			17,558

ll - Stockholders’ compensation


	12/31/2019
	Gross value per share (R$)		Gross		WHT (With holding tax)			Net
Paid / prepaid				9,274		—			9,274
Dividends - 11 monthly installments from February to December 2019		0.0150		1,606		—			1,606
Dividends - paid on 08/23/2019		0.7869		7,668		—			7,668
Accrued (Recorded in Other Liabilities)				512		(55	)		457
Dividends - 1 monthly installment paid on 01/02/2020		0.0150		146		—			146
Interest on capital - credited on 12/19/2019 to be paid until 04/30/2020		0.0376		366		(55	)		311
Identified in Profit Reserve In Stockholders’ Equity		1.0067		9,811		(765	)		9,046
Total from 01/01 to 12/31/2019				19,597		(820	)		18,777


	12/31/2018
	Gross value per share (R$)		Gross		WHT (With holding tax)			Net
Paid / prepaid				5,921		(122	)		5,799
Dividends - 11 monthly installments from February to December 2018		0,0150		1,069		—			1,069
Dividends - paid on 08/30/2018		0.6240		4,041		—			4,041
Interest on capital - paid on 08/30/2018		0.1252		811		(122	)		689
Accrued (Recorded in Other Liabilities)				248		(15	)		233
Dividends - 1 monthly installment paid on 01/02/2019		0,0150		145		—			145
Interest on capital - credited on 12/27/2018 to be paid until 04/30/2019		0.0106		103		(15	)		88
Identified in Profit Reserve In Stockholders’ Equity		1.8001		17,498		(1,093	)		16,405
Total from 01/01 to 12/31/2018				23,667		(1,230	)		22,437


	12/31/2017
	Gross value per share (R$)		Gross		WHT (With holding tax)			Net
Paid / prepaid				3,666		(389	)		3,277
Dividends - 11 monthly installments from February to December 2017		0,0150		1,074		—			1,074
Interest on capital - paid on 08/25/2017		0,3990		2,592		(389	)		2,203
Accrued (Recorded in Other Liabilities)				1,877		(140	)		1,737
Dividends - 1 monthly installment paid on 01/02/2018		0,0150		98		—			98
Dividends provision		0.1304		843		—			843
Interest on capital, credited on 12/28/2017 to be paid until 04/30/2018		0.1445		936		(140	)		796
Identified in Revenue Reserve In Stockholders’ Equity		2.1126		13,658		(1,114	)		12,544
Total from 01/01 to 12/31/2017				19,201		(1,643	)		17,558

ll - Appropriated reserves


	12/31/2019			12/31/2018			12/31/2017
Capital reserves		285			285			285
Premium on subscription of shares		284			284			284
Reserves from tax incentives, restatement of equity securities and other		1			1			1
Profit reserves		12,663			13,195			12,214
Legal (1)		11,326			9,989			8,892
Statutory (2)		3,043			(2,775	)		589
Corporate reorganizations (Note 2.4 a IV)		(11,517	)		(11,517	)		(10,925	)
Special profit reserves (3)		9,811			17,498			13,658

Total reserves at parent company		12,948			13,480			12,499

(1)	Its purpose is to ensure the integrity of capital, compensate loss or increase capital.

(2)	Its main purpose is to ensure the yield flow to shareholders.

(3)	Refers to Dividends or Interest on Capital declared after 12/31/2019, 12/31/2018 and 12/31/2017.

d)	Non-controlling interests


	Stockholders’ equity				Net Income
	12/31/2019		12/31/2018		01/01 to 12/31/2019			01/01 to 12/31/2018
Itaú CorpBanca (Note 3)		11,270		11,645		504			539
Itaú CorpBanca Colômbia S.A. (Note 3)		406		1,268		(16	)		(2	)
Financeira Itaú CBD S.A. Crédito, Financiamento e Investimento		446		364		131			105
Luizacred S.A. Soc. Cred. Financiamento Investimento		295		288		20			44
Other		123		119		61			46

Total		12,540		13,684		700			732