Itaú Corpbanca provides wholesale and retail banking services to large and medium-sized companies, individuals, and institutional clients in Chile and Colombia. More Details
Reasonable growth potential with imperfect balance sheet.
Share Price & News
How has Itaú Corpbanca's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ITCB has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: ITCB underperformed the US Banks industry which returned -26.3% over the past year.
Return vs Market: ITCB underperformed the US Market which returned 13.6% over the past year.
Price Volatility Vs. Market
How volatile is Itaú Corpbanca's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Itaú Corpbanca undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: ITCB ($4.3) is trading above our estimate of fair value ($1.97)
Significantly Below Fair Value: ITCB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ITCB is unprofitable, so we can't compare its PE Ratio to the US Banks industry average.
PE vs Market: ITCB is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ITCB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ITCB is good value based on its PB Ratio (0.5x) compared to the US Banks industry average (0.8x).
How is Itaú Corpbanca forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ITCB is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: ITCB is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: ITCB's is expected to become profitable in the next 3 years.
Revenue vs Market: ITCB's revenue (10.3% per year) is forecast to grow faster than the US market (9.7% per year).
High Growth Revenue: ITCB's revenue (10.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ITCB's Return on Equity is forecast to be low in 3 years time (5.8%).
How has Itaú Corpbanca performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ITCB is currently unprofitable.
Growing Profit Margin: ITCB is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ITCB is unprofitable, and losses have increased over the past 5 years at a rate of 21.2% per year.
Accelerating Growth: Unable to compare ITCB's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ITCB is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (-3.1%).
Return on Equity
High ROE: ITCB has a negative Return on Equity (-26.27%), as it is currently unprofitable.
How is Itaú Corpbanca's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: ITCB's Assets to Equity ratio (14.9x) is moderate.
Allowance for Bad Loans: ITCB has a low allowance for bad loans (36%).
Low Risk Liabilities: 51% of ITCB's liabilities are made up of primarily higher risk sources of funding.
Loan Level: ITCB has an appropriate level of Loans to Assets ratio (60%).
Low Risk Deposits: ITCB's Loans to Deposits ratio (131%) is high.
Level of Bad Loans: ITCB has a high level of bad loans (9.4%).
What is Itaú Corpbanca current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ITCB's dividend (3.27%) is higher than the bottom 25% of dividend payers in the US market (1.66%).
High Dividend: ITCB's dividend (3.27%) is low compared to the top 25% of dividend payers in the US market (4.68%).
Stability and Growth of Payments
Stable Dividend: ITCB has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: ITCB has only been paying a dividend for 4 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: ITCB is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: ITCB's dividends in 3 years are forecast to be well covered by earnings (25.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Gabriel de Moura (44 yo)
Mr. Gabriel Amado De Moura had been Corporate Finance Manager at Itaú CorpBanca since 2016 had been its Corporate Manager of Planning and Financial Control since April 1, 2016. Mr. De Moura joined Itaú Uni ...
|Chief Executive Officer||0.67yr||no data||no data|
|Chief Financial Officer||0.083yr||no data||no data|
|Corporate Director of Operations||2.42yrs||no data||no data|
|Head of Investor Relations||no data||no data||no data|
|General Counsel||4.25yrs||no data||no data|
|Chief Compliance Officer||2.17yrs||no data||no data|
|Corporate Director of Marketing & Products||1.67yrs||no data||no data|
|Corporate Director of People & Management Performance||4.42yrs||no data||no data|
|Chief Risk Officer||4yrs||no data||no data|
|Chief Audit Officer||3.42yrs||no data||no data|
|Wholesale Risk Manager||no data||no data||no data|
|Corporate Director of Treasury||4.42yrs||no data||no data|
Experienced Management: ITCB's management team is considered experienced (2.9 years average tenure).
|Director||19.33yrs||no data||no data|
|Chairman of the Board||8.58yrs||no data||no data|
|Director||24.25yrs||no data||no data|
|Director||1.67yrs||no data||no data|
|Independent Director||4.42yrs||no data||no data|
|Vice Chairman of the Board||4.42yrs||no data||no data|
|Independent Director||10yrs||no data||no data|
|Director||1.67yrs||no data||no data|
|Independent Director||4yrs||no data||no data|
|Independent Director||3.33yrs||no data||no data|
|Alternate Director||2.5yrs||no data||no data|
|Director||0.42yr||no data||no data|
Experienced Board: ITCB's board of directors are considered experienced (4.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Itaú Corpbanca's company bio, employee growth, exchange listings and data sources
- Name: Itaú Corpbanca
- Ticker: ITCB
- Exchange: NYSE
- Founded: 1871
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: CL$1.166t
- Listing Market Cap: CL$1.526b
- Shares outstanding: 512.41b
- Website: https://banco.itau.cl
Number of Employees
- Itaú Corpbanca
- Rosario Norte 660
- Las Condes
- Region Metropolitana (Santiago)
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ITAUCORP||SNSE (Santiago Stock Exchange)||Yes||Common Shares||CL||CLP||Apr 2016|
|ITCB||NYSE (New York Stock Exchange)||SPONSORED ADR||US||USD||Apr 2016|
Itaú Corpbanca provides wholesale and retail banking services to large and medium-sized companies, individuals, and institutional clients in Chile and Colombia. The company offers checking and savings acco ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/19 06:12|
|End of Day Share Price||2020/09/18 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.