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

Earnings data Q1 2023

Earnings data Q2 2023

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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Inter & Co's ambitious 60/30/30 plan aims for 60 million customers, a 30% efficiency ratio, and a 30% ROE by 2027, driving significant growth. To achieve its ambitious goals, INTR needs to grow its customer base by 72%, credit portfolio by 163%, and net profit by 223% through 2027. Inter & Co has reduced its efficiency ratio from 75% to 50.7% in two years, demonstrating solid progress in cost management and operational leverage.

Inter & Co: The Road To Its Ambitious 2027 Plan Is Still On Track

Inter & Co's 3Q24 results were released on November 14, surpassing revenue estimates but missing earnings per share projections. The company's performance highlights strong revenue growth, indicating robust business operations despite the earnings miss. The analysis suggests optimism, recommending a close watch on upcoming quarters for better clarity on earnings stability.

Inter & Co Q3: Recent Drop In Stock Is An Opportunity

Inter & Co, Inc. (NASDAQ:INTR ) Q3 2024 Earnings Conference Call November 14, 2024 1:00 PM ET Company Participants Joao Vitor Menin - Global Chief Executive Officer Alexandre Riccio - Brazil Chief Executive Officer Santiago Stel - Senior Vice President & Chief Financial Officer Rafaela Vitoria - Chief Economist & IRO Conference Call Participants Tito Labarta - Goldman Sachs Ricardo Buchpiguel - BTG Pedro Leduc - Itaú BBA Yuri Fernandes - JPMorgan Gustavo Schroden - Citi Neha Agarwala - HSBC Operator Good afternoon, and thank you for standing by. Welcome to Inter & Co's Third Quarter of 2024 Earnings Conference Call.

Inter & Co, Inc. (INTR) Q3 2024 Earnings Call Transcript

MIAMI, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ: INTR | B3: INBR32), the leading financial super app providing financial and digital commerce services to over 34.9 million customers, today reported financial results for the third quarter of 2024.

Inter&Co Inc. Reports Another Record Net Income of R$260M, And Remains On Track On Its Long-Term Plan

Inter & Co. Inc. (INTR) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.05 per share a year ago.

Inter & Co. Inc. (INTR) Q3 Earnings and Revenues Surpass Estimates

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) Earnings Expected to Grow: What to Know Ahead of Q3 Release

Inter & Co's net income surged 248% YoY, achieving a 10.4% ROE, indicating a resilient business model combining growth and profitability. The company's valuation appears attractive compared to peers, with a P/B of 2x and strong growth potential, supporting my buy recommendation. Despite some risks, including slower net investment income growth, Inter & Co's promising results and potential sector expansion make it a compelling investment.

Inter & Co Q2: Excellent Results, Thesis Materializing

Inter & Co, Inc. (NASDAQ:INTR ) Q2 2024 Earnings Conference Call August 7, 2024 1:00 PM ET Company Participants João Vitor Menin - CEO Alexandre Riccio - SVP, Retail Banking Santiago Stel - SVP, Finance & Risks Conference Call Participants Gustavo Schroden - Bradesco BBI Eduardo Rosman - BTG Yuri Fernandes - JPMorgan Tito Labarta - Goldman Sachs Pedro Leduc - Itau BBA Neha Agarwala - HSBC Mario Pierry - Bank of America Merrill Lynch Operator Good afternoon, and thank you for standing by. Welcome to Inter & Co's Second Quarter Earnings Conference Call.

Inter & Co, Inc. (INTR) Q2 2024 Earnings Call Transcript

Inter & Co. Inc. (INTR) came out with quarterly earnings of $0.09 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.02 per share a year ago.

Inter & Co. Inc. (INTR) Q2 Earnings Meet Estimates

BELO HORIZONTE, Brazil, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ: INTR | B3: INBR32), the leading financial super app providing financial and digital commerce services to over 33 million customers, today reported financial results for the second quarter of 2024.

Inter&Co Inc. Reports Record Profit in Q2, Advances 60/30/30 Plan

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With Nu surpassing the 100 million customer mark and achieving a 72% YTD performance, many investors might be looking to seek alpha through its direct competitor, Inter & Co. Inter has shown spectacular financial growth in net interest income, customer growth, and deposits, with the stock prices reflecting this growth and even outperforming Nu. If you are looking to see Inter's key metrics, product offerings, valuations, and more to see if they are as good as Nu, this analysis is worth a read.

Inter: Is Nu's Main Competitor Also As Good?

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Here is how Inter & Co. Inc. (INTR) and Gen Digital (GEN) have performed compared to their sector so far this year.

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BELO HORIZONTE, Brazil, May 31, 2024 (GLOBE NEWSWIRE) -- Inter&Co (NASDAQ: INTR), the leading financial super app serving over 32 million customers across the Americas, is pleased to announce that Moody's has assigned Banco Inter in Brazil with first time AA+.br long-term issuer and deposit ratings, along with a stable outlook. These debut ratings from Moodys highlight Inter's strong financial position and reflect its expanding digital retail banking model and growth in profitability.

Moody's assigns debut AA+.br ratings to Inter, recognizing strong financial position

Does Inter & Co. Inc. (INTR) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Inter & Co. Inc. (INTR) is a Great Choice

BELO HORIZONTE, Brazil, May 28, 2024 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ: INTR | B3: INBR32), announces that Banco Inter S.A. entered into a share purchase agreement to acquire the remaining 50 percent of Granito, a merchant acquirer that provides financial services to more than 100,000 SMEs across Brazil. This transaction will bolster Inter's portfolio, generate operational synergies, and facilitate cross-selling opportunities within its robust financial super app.

Inter&Co doubles down on SMEs through acquisition of Granito

BELO HORIZONTE, Brazil, May 20, 2024 (GLOBE NEWSWIRE) -- Inter&Co (NASDAQ: INTR), the financial super app serving over 32 million customers across the Americas, announced today that S&P Global Ratings (S&P) has upgraded Banco Inter outlook to "Stable" and reaffirmed its "brAA+" local rating. In the report S&P stated that: "The stable outlook reflects our view that Inter&Co will continue to improve its profitability, providing greater stability to the business."

S&P reviews Banco Inter's outlook to Stable and reaffirms its "brAA+" rating

Inter & Co, Inc. (NASDAQ:INTR ) Q1 2024 Earnings Conference Call May 9, 2024 1:00 PM ET Company Participants João Vitor Menin - Chief Executive Officer Alexandre Riccio - Senior Vice President, Retail Banking Santiago Stel - Senior Vice President, Finance & Risks Conference Call Participants Tito Labarta - Goldman Sachs Thiago Batista - UBS Pedro Leduc - Itau BBA Neha Agarwala - HSBC Flavio Yoshida - Bank of America Yuri Fernandes - JPMorgan Ricardo Buchpiguel - BTG Operator Good afternoon and thank you for standing by. Welcome to Inter & Co's First Quarter Earnings Conference Call.

Inter & Co, Inc. (INTR) Q1 2024 Earnings Call Transcript

BELO HORIZONTE, Brazil, May 09, 2024 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ: INTR | B3: INBR32), the premier financial super app that provides financial and digital commerce services to over 31 million customers, today reported financial results for the first quarter of 2024.

Inter&Co Inc. Reports Record Profit

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Inter & Co delivered excellent results after its IPO in 2018, however the rise in interest rates harmed the company, which carried out a successful change in strategy. Over the last 12 months, the company has focused on more profitable businesses and reducing its costs. This caused its shares to rise more than 200%. Despite the improvement in results and a bold growth plan until 2027, the company's valuation appears cheap compared to its peers and its own history.

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