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Stockholders’ equity | 12 Months Ended
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Dec. 31, 2022
Stockholders Equity |
Stockholders’ equity | Note 19 - Stockholders’ equity a) Capital Capital is represented by 9,804,135,348 book-entry shares with no par value, of which 4,958,290,359 are common shares and 4,845,844,989 are preferred shares with no voting rights, but with tag-along rights in a public offering of shares, in a possible transfer of control, assuring them a price equal to 80% (eighty per cent) of the amount paid per voting share in the controlling block, and a dividend at least equal to that of the common shares. The breakdown and change in shares of paid-in capital in the beginning and end of the period are shown below:
Summary of Change in Shares of Paid-in Capital in the Beginnining and End of the Period |  |  |  |  |
|  | 12/31/2022
|  | Number | Amount
|  | Common | Preferred | Total
Residents in Brazil | 12/31/2021 | 4,929,997,183 | 1,771,808,645 | 6,701,805,828 | 62,020
Residents abroad | 12/31/2021 | 28,293,176 | 3,074,036,344 | 3,102,329,520 | 28,709
Shares of capital stock | 12/31/2021 | 4,958,290,359 | 4,845,844,989 | 9,804,135,348 | 90,729
Shares of capital stock | 12/31/2022 | 4,958,290,359 | 4,845,844,989 | 9,804,135,348 | 90,729
Residents in Brazil | 12/31/2022 | 4,927,867,243 | 1,629,498,182 | 6,557,365,425 | 60,683
Residents abroad | 12/31/2022 | 30,423,116 | 3,216,346,807 | 3,246,769,923 | 30,046
Treasury shares (1) | 12/31/2021 | - | 24,244,725 | 24,244,725 | (528)
Result from delivery of treasury shares |  | - | (20,976,037) | (20,976,037) | 457
Treasury shares (1) | 12/31/2022 | - | 3,268,688 | 3,268,688 | (71)
Number of total shares at the end of the period (2) | 12/31/2022 | 4,958,290,359 | 4,842,576,301 | 9,800,866,660 |
Number of total shares at the end of the period (2) | 12/31/2021 | 4,958,290,359 | 4,821,600,264 | 9,779,890,623 |
|  |  | 12/31/2021
|  |  | Number | Amount
|  |  | Common | Preferred | Total
Residents in Brazil | 12/31/2020 | 12/31/2020 | 4,929,824,281 | 1,820,159,657 | 6,749,983,938 | 66,885
Residents abroad | 12/31/2020 | 12/31/2020 | 28,466,078 | 3,025,685,332 | 3,054,151,410 | 30,263
Shares of capital stock | 12/31/2020 | 12/31/2020 | 4,958,290,359 | 4,845,844,989 | 9,804,135,348 | 97,148
Shares of capital stock | 12/31/2021 | 12/31/2021 | 4,958,290,359 | 4,845,844,989 | 9,804,135,348 | 90,729
Residents in Brazil | 12/31/2021 | 12/31/2021 | 4,929,997,183 | 1,771,808,645 | 6,701,805,828 | 62,020
Residents abroad | 12/31/2021 | 12/31/2021 | 28,293,176 | 3,074,036,344 | 3,102,329,520 | 28,709
Treasury shares (1) | 12/31/2020 | 12/31/2020 | - | 41,678,452 | 41,678,452 | (907)
Result from delivery of treasury shares |  |  | - | (17,433,727) | (17,433,727) | 379
Treasury shares (1) | 12/31/2021 | 12/31/2021 | - | 24,244,725 | 24,244,725 | (528)
Number of total shares at the end of the period (2) | 12/31/2021 | 12/31/2021 | 4,958,290,359 | 4,821,600,264 | 9,779,890,623 |
Number of total shares at the end of the period (2) | 12/31/2020 | 12/31/2020 | 4,958,290,359 | 4,804,166,537 | 9,762,456,896 |
1) Own shares, purchased based on authorization of the Board of Directors, to be held in Treasury, for subsequent cancellation or replacement in the market.
2) Shares representing total capital stock net of treasury shares.
Below is the average cost of treasury shares and their market price in reais. In 2022 and 2021, there was no acquisition of treasury shares.
Summary of Cost of Shares Purchased and Average Cost of Treasury Shares and Market Price |  |  |  |  |  |
Cost / market value | 12/31/2022 | 12/31/2021
Common |  | Preferred | Common |  | Preferred
Average cost |  | - |  | 21.76 | - |  | 21.76
Market value on the last day of the base date | 21.89 |  | 25.00 | 19.09 |  | 20.95
b) Dividends Shareholders are entitled to a mandatory minimum dividend in each fiscal year, corresponding to 25% of adjusted net income, as set forth in the Bylaws. Common and preferred shares participate equally in income distributed, after common shares have received dividends equal to the minimum annual priority dividend payable to preferred shares (R$ 0.022 non-cumulative per share). ITAÚ UNIBANCO HOLDING monthly advances the mandatory minimum dividend, using the share position of the last day of the previous month as the calculation basis, and the payment made on the first business day of the subsequent month in the amount of R$ 0.015 per share. I - Calculation of dividends and interest on capital
Summary of Calculation of Dividends and Interest on Capital |  |  |
| 12/31/2022 | 12/31/2021 | 12/31/2020
Statutory net income | 29,695 | 26,236 | 18,961
Adjustments: |  |  |
(-) Legal reserve - 5% | (1,485) | (1,312) | (948)
Dividend calculation basis | 28,210 | 24,924 | 18,013
Minimum mandatory dividend - 25% | 7,053 | 6,231 | 4,503
Dividends and interest on capital paid / accrued | 8,368 | 6,231 | 4,503
II - Stockholders' compensation
Schedule of Stockholders' Compensation |  |  |  |
|  | 12/31/2022
|  | Gross value per share (R$) | Value | WHT (With holding tax) | Net
Paid / prepaid |  | 4,906 | (735) | 4,171
Interest on capital - 11 monthly installments paid from February to December 2022 | 0.0150 | 1,902 | (285) | 1,617
Interest on capital - paid on 08/30/2022 | 0.2605 | 3,004 | (450) | 2,554
Accrued (Recorded in Other liabilities - Social and statutory) |  | 4,938 | (741) | 4,197
Interest on capital - 1 monthly installment paid on 01/02/2023 | 0.0150 | 173 | (26) | 147
Interest on capital - credited on 12/08/2022 to be paid until 04/28/2023 | 0.4133 | 4,765 | (715) | 4,050
Total - 01/01 to 12/31/2022 |  | 9,844 | (1,476) | 8,368
|  | 12/31/2021
|  | Gross value per share (R$) | Value | WHT (With holding tax) | Net
Paid / prepaid |  | 4,179 | (407) | 3,772
Dividends - 10 monthly installments paid from February to November 2021 | 0.0150 | 1,466 | - | 1,466
Interest on capital - 1 monthly installment paid in December 2021 | 0.0150 | 173 | (26) | 147
Interest on capital - paid on 08/26/2021 | 0.2207 | 2,540 | (381) | 2,159
Accrued (Recorded in Other liabilities - Social and statutory) |  | 2,894 | (435) | 2,459
Interest on capital - 1 monthly installment paid on 01/03/2022 | 0.0150 | 173 | (26) | 147
Interest on capital - credited on 11/26/2021 to be paid until 04/29/2022 | 0.2249 | 2,587 | (388) | 2,199
Interest on capital | 0.0116 | 134 | (21) | 113
Total - 01/01 to 12/31/2021 |  | 7,073 | (842) | 6,231
|  | 12/31/2020
|  | Gross value per share (R$) | Value | WHT (With holding tax) | Net
Paid / prepaid |  | 2,127 | (78) | 2,049
Dividends - 11 monthly installments paid from February to December 2020 | 0.0150 | 1,610 | - | 1,610
Interest on capital - paid on 08/26/2020 | 0,0450 | 517 | (78) | 439
Accrued (Recorded in Other liabilities - Social and statutory) |  | 2,861 | (407) | 2,454
Dividends - 1 monthly installment paid on 01/04/2021 | 0.0150 | 146 | - | 146
Interest on capital - credited on 12/17/2020 to be paid until 04/30/2021 | 0,0544 | 624 | (93) | 531
Interest on capital - credited on 01/28/2021 to be paid until 04/30/2021 | 0.0426 | 490 | (74) | 416
Dividends or Interest on capital | 0.1394 | 1,601 | (240) | 1,361
Total - 01/01 to 12/31/2020 |  | 4,988 | (485) | 4,503
c) Capital reserves and profit reserves
Summary of Capital reserves and profit reserves |  |  |  |  |  |
|  | 12/31/2022 |  | 12/31/2021 |  | 12/31/2020
Capital reserves |  | 2,480 |  | 2,250 |  | 2,326
Premium on subscription of shares |  | 284 |  | 284 |  | 284
Share-based payment |  | 2,192 |  | 1,962 |  | 2,038
Reserves from tax incentives, restatement of equity securities and other |  | 4 |  | 4 |  | 4
Profit reserves |  | 86,892 |  | 66,161 |  | 47,347
Legal (1) |  | 15,071 |  | 13,586 |  | 12,274
Statutory (2,3) |  | 71,821 |  | 52,575 |  | 35,073
Total reserves at parent company |  | 89,372 |  | 68,411 |  | 49,673
1) Its purpose is to ensure the integrity of capital, compensate loss or increase capital.
2) Its main purpose is to ensure the yield flow to shareholders.
3) Includes R$ 288 which refers to net income remaining after the distribuition of dividends and appropriations to statutory reserves in the statutory accounts of ITAÚ UNIBANCO HOLDING.
d) Non-controlling interests
Summary of Non-controlling Interests |  |  |  |  |  |
| Stockholders’ equity |  | Income
| 12/31/2022 | 12/31/2021 |  | 01/01 to 12/31/2022 | 01/01 to 12/31/2021 | 01/01 to 12/31/2020
Itaú CorpBanca | 6,926 | 9,836 |  | 887 | 1,310 | (4,135)
Itaú CorpBanca Colombia S.A. | 14 | 476 |  | 3 | 38 | (15)
Financeira Itaú CBD S.A. Crédito, Financiamento e Investimento | 769 | 666 |  | 123 | 131 | 164
Luizacred S.A. Soc. Cred. Financiamento Investimento | 377 | 426 |  | (50) | 76 | 102
Other (1) | 1,304 | 208 |  | 72 | 69 | 52
Total | 9,390 | 11,612 |  | 1,035 | 1,624 | (3,832)
1) As from 2022, in accordance with Regulatory Instruction No. 272 of 04/01/2022, it includes non-controlling minority of consolidated investments funds.

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