Itau Unibanco Holding (ITUB) reported Q1 earnings late Thursday of 1.03 Brazilian reais ($0.18) per diluted share, up from 0.91 reais a year earlier.
Analysts polled by FactSet expected 1.03 reais.
Operating revenue for the quarter ended March 31 was 45.02 billion reais, compared with 42.06 billion reais a year earlier.
Three analysts polled by FactSet expected 42.51 billion reais.
The company's shares were down 2.1% in recent premarket activity Friday.
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