Inter & Co Inc

Inter & Co., Inc. Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds. The Insurance Brokerage segment includes insurance products underwritten by insurance companies, such as warranties, life, property and automobile insurance, and pension products, as well as consortium products provided by a third party. The Marketplace segment operates a digital platform, which offers goods and services to its customers. The Asset Management segment is composed of the operations related to the management of fund portfolios and other assets. The Service segment consists of collection and management of personal information, development and licensing of customized computer programs, development and licensing of non-customized computer programs and technical support, maintenance, and other information technology services. The company was founded on January 26, 2021 and is headquartered in Belo Horizonte, Brazil.

Earnings data Q3 2022

Earnings data Q4 2022

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Inter&Co Inc (INTR) reports robust Q4 performance and outlines growth strategies

INTR's Q4 2022 earnings call showcased strong financial performance, operational strengths, key challenges, and growth opportunities. Management's focus on profitability, cost efficiency, and capital management will be key drivers for future success.

Inter & Co Inc reports robust Q1 performance and strategic growth focus

Inter & Co Inc's Q1 2023 earnings call highlighted strong performance metrics and a strategic shift towards sustainable growth.
The company's focus on operational efficiency, client engagement, and profitability improvement sets a positive trajectory.
Challenges in cost management and strategic decision-making present areas for further improvement and opportunity.

Inter & Co Inc achieves record-breaking Q2 results and eyes sustained growth through innovation and efficiency

Inter & Co Inc's Q2 2023 performance reflects robust growth across key financial metrics, innovation in product offerings, and efficient client acquisition strategies.
While facing challenges in sustaining high growth rates and managing competition, the company's focus on customer engagement and operational excellence positions it well for future success.
Strategic initiatives to expand product offerings, optimize costs, and drive engagement present promising opportunities for Inter & Co to capitalize on its market position and digital banking expertise.

Inter & Co Inc (INTR) achieves record-breaking Q3 results and eyes U.S. expansion

INTR's Q3 2023 earnings call highlighted exceptional financial performance, operational achievements, and strategic initiatives to drive growth and profitability. With a strong focus on improving operations, capital use, and client engagement, Inter is poised for a more profitable fourth quarter and aims for a mid-single-digit ROE in 2023.

Inter & Co exceeds targets, anticipates 30% growth in 2024

Inter & Co's strong financial performance in Q4 2023 with record ROE and net income
Successful product launches and operational efficiency driving revenue growth
Anticipated growth in 2024 with a focus on core portfolios and BNPL products
Challenges include lack of specific guidance for ROE and net income in 2024

Inter & Co Inc (INTR) reports record-breaking Q2 earnings and eyes growth opportunities

INTR's Q2 earnings call highlighted a successful quarter marked by growth, profitability, and strategic investments. While facing challenges from the interest rate environment and scrutiny on various operational aspects, the company remains optimistic about future performance. Leveraging opportunities in data integration, product optimization, and client-centric initiatives will be crucial for sustained growth.

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Alight

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Inter & Co reported record growth in 2023, aligning with its ambitious growth plan to rival traditional banks in Brazil by 2027. The digital bank showcased robust growth in net profit, credit portfolio, and client expansion in Q4 2023. The decline in delinquencies suggests potential growth in new loan originations, driving operational growth in the future.

Inter & Co's Q4 Earnings: Defaults Taking A Dip, Bold Plan Gaining Ground

Inter & Co, Inc. (INTR) Q4 2023 Earnings Call Transcript

BELO HORIZONTE, Brazil, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ: INTR | B3: INBR32), the premier Financial Super App that provides financial and digital commerce services to more than 30 million customers, today reported financial results for the fourth quarter of 2023.

Inter&Co Inc. Reports Record Profits, with R$352 Million in Net Income in 2023

Inter & Co. Inc. (INTR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Inter & Co. Inc. (INTR) Reports Next Week: Wall Street Expects Earnings Growth

ORLANDO, Fla., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Inter&Co, a leading provider of financial and digital commerce services, Orlando City SC, and the Orlando Pride today announced a long-term agreement to name the teams' home venue Inter&Co Stadium. In September, Inter&Co became the Official Financial Institution of Orlando's Major League Soccer and National Women's Soccer League teams.

Inter&Co Secures Long-Term Naming Rights for Orlando's Soccer-Specific Stadium

NEW YORK, Jan. 16, 2024 (GLOBE NEWSWIRE) -- INTER & CO, INC. (NASDAQ: INTR; B3: INBR32) (“Inter&Co” or the “Company”) announced, on the date hereof, the commencement of a follow-on public offering of up to 32,000,000 of its Class A common shares, which are being offered by the Company (the “Offering”) pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission (the “SEC”). In connection with this Offering, the Company has granted the underwriters the option to purchase up to 4,800,000 additional Class A common shares. Inter&Co's shareholders do not have any right of preference or priority to subscribe for shares under the Offering.

Inter&Co Announces Commencement of Follow-on Public Offering of its Class A Common Shares

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New branding positions the company as a smart choice for people's financial lives, connecting the brand with a new moment for the company. New branding positions the company as a smart choice for people's financial lives, connecting the brand with a new moment for the company.

Inter&Co presents new brand and consolidates position as financial Super App

Significant client increase driven by superior app experience and the convenience of meeting financial and commercial needs in one place Significant client increase driven by superior app experience and the convenience of meeting financial and commercial needs in one place

Inter&Co Surpasses 30 Million Clients, Accelerating Growth Toward Its Five-Year Business Plan

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American Eagle Outfitters (AEO), Rover Group (ROVR), TIM (TIMB) and Inter & Co. Inc. (INTR) have been selected as the breakout stocks for today.

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BELO HORIZONTE, Brazil, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ: INTR | B3: INBR32), the premier Super App that provides financial and digital commerce services to more than 29 million customers, today reported financial results for the third quarter of 2023.

Inter&Co Inc. Reports Record Third-Quarter 2023 Net Income of R$104 Million

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XPO, INTR and GPRK made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on October 9, 2023.

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City and Pride fans to receive exclusive opportunities as Brazil-based organization makes first major investment in America sporting landscape City and Pride fans to receive exclusive opportunities as Brazil-based organization makes first major investment in America sporting landscape

Inter&Co Announced as Official Financial Institution of Orlando City SC and Orlando Pride

Inter & Co. Inc. (INTR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Why Inter & Co. Inc. (INTR) Might be Well Poised for a Surge

Inter & Co reported its highest net profit since its IPO, driven by improvements in operating cost metrics and revenue indicators. The bank's active customer base grew by 35.3% compared to the previous year, while customer acquisition costs decreased. Inter & Co's profitability and financial results have shown improvement, although the bank still has room for growth to reach its long-term targets.

Inter & Co Q2 Earnings: A Gradual Evolution, Reinforcing Buy Opportunity

Inter & Co, Inc. (NASDAQ:INTR ) Q2 2023 Results Conference Call August 14, 2023 2:00 PM ET Company Participants João Vitor Menin - CEO Alexandre Riccio - SVP, Retail Banking Santiago Stel - SVP, Finance and Risks Conference Call Participants Thiago Batista - UBS Yuri Fernandes - JPMorgan Eduardo Rosman - BTG Rafael Frade - Citi Pedro Leduc - Itaú BBA Neha Agarwala - HSBC Tito Labarta - Goldman Sachs Operator Good afternoon, and thank you for standing by. Welcome to the Inter & Co Second Quarter Earnings Conference Call.

Inter & Co, Inc. (INTR) Q2 2023 Earnings Call Transcript

BELO HORIZONTE, Brazil, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Inter&Co, Inc (Inter), (NASDAQ: INTR | B3: INBR32), the premier Super App which provides financial and digital commerce services to more than 28 million customers, today reported financial results for its second quarter ended June 30, 2023. The complete earnings release has been provided on the company's Investor Relations website at https://investors.inter.co/en/.

Inter&Co, Inc Reports Record-Breaking Second Quarter 2023 Financial Results

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BELO HORIZONTE, Brazil, July 05, 2023 (GLOBE NEWSWIRE) -- Inter&Co, Inc (NASDAQ: INTR | B3: INBR32), the premier Super App in the Americas that provides financial and digital commerce services to more than 26 million customers, announces today a new senior management structure that will enable the Company to be better prepared to continue succeeding in the future.

Inter&Co Announces New Senior Management Structure

With 1.7 million global users in one year since its Nasdaq listing, Inter&Co lays out its plans for the future With 1.7 million global users in one year since its Nasdaq listing, Inter&Co lays out its plans for the future

Inter&Co Marks One Year on Nasdaq

Inter is the only Brazilian bank represented among 52 of the world's leading companies in the payments space Inter is the only Brazilian bank represented among 52 of the world's leading companies in the payments space

PCI Security Standards Council Selects Inter&Co for its 2023-2025 Board of Advisors

Inter & Co, a Latin American fintech bank, aims to reach 60 million customers by 2027 and achieve a 30% cost-to-income ratio and a 30% return on equity. The bank's shares have appreciated recently, partially correcting poor trading performance, but still leaving room for more upside. Risks include the challenge of monetizing a growing customer base and potential defaults on commercial loans amid a global economic slowdown.

Inter & Co Stock: Approach With Caution

BELO HORIZONTE, Brazil, June 05, 2023 (GLOBE NEWSWIRE) -- Inter&Co, Inc (Inter), (NASDAQ: INTR | B3: INBR32), the premier Super App which provides financial and digital commerce services to more than 26 million customers, today announced the appointment of Claudia Farkouh Prado to its board of directors. Claudia brings over 25 years of expertise in law, M&A, corporate leadership, value creation, and risk management.

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