SAO PAULO (Reuters) - Brazil's Itau Unibanco, Latin America's largest private lender, on Monday posted a 18% increase in its third-quarter net recurring profit from a year earlier.

Itau reported a 10.68 billion real ($1.84 billion) net recurring profit for the quarter ended in September, beating a 10.4 billion reais estimate by analysts polled by LSEG.

($1 = 5.7916 reais)

(Reporting by Andre Romani in Sao Paulo; Editing by Aida Pelaez-Fernandez)