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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

BELO HORIZONTE, Brazil, May 22, 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, has been recognized as a winner of the IFLR Americas 2023 award for two categories: the "In-house: Market Makers" category honoring General Counsel and Chief Governance and Compliance Officer Ana Luiza Vieira Franco Forattini, and the “Deal of the year: Equity” category for Inter & Co's Nasdaq listing in the US – a first for Brazil and an achievement in cross-border restructuring.

Inter&Co Wins Two IFLR Americas 2023 Awards Recognizing Legal Innovation

Inter can now offer a diverse range of international investment products to over 26 million customers, including fixed income assets, funds, managed portfolios, and advisory services Inter can now offer a diverse range of international investment products to over 26 million customers, including fixed income assets, funds, managed portfolios, and advisory services

Inter&Co Announces that FINRA Approved Inter&CO Securities LLC to Operate as a US Broker During Nasdaq's Opening Bell Ceremony

BELO HORIZONTE-MG, Brazil, May 08, 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 reported financial results for its first quarter ended March 31, 2023. The full earnings release has been made available on the Company's Investor Relations website at  ri.bancointer.com.br .

Inter&Co, Inc Reports First Quarter 2023 Financial Results

Inter & Co., Inc. had an impressive performance despite macroeconomic volatility. Its solid balance sheet is still its cornerstone.

Inter & Co: An Underrated Latin Bank With Upside Potential

BELO HORIZONTE-MG, Brazil, March 13, 2023 (GLOBE NEWSWIRE) -- Inter&Co, Inc (NASDAQ: INTR | B3:INBR32), the holding company of Inter Group, which offers the premier Super App providing financial and digital commerce services to more than 25 million customers, today reported financial results for its fourth quarter ended December 31, 2022 and full year 2022. The full earnings release has been made available on the Company's Investor Relations website at ri.bancointer.com.br.

Inter&Co, Inc Reports Fourth Quarter and Full Year 2022 Financial Results

BELO HORIZONTE, Brazil, March 13, 2023 (GLOBE NEWSWIRE) -- Inter&Co, INC (Nasdaq: INTR e B3: INBR32) (“Inter&Co” ou “Company”) informs its shareholders and the market that the Company and its subsidiaries do not have any exposure or business relationship with Silicon Valley Bank.

Inter&Co does not have exposure to Silicon Valley Bank

Antonio Kandir, Lorival Luz and Todd Chapman join Inter&Co's Board of Directors Antonio Kandir, Lorival Luz and Todd Chapman join Inter&Co's Board of Directors

Inter&Co Announces New Members to Its Board of Directors

BELO HORIZONTE, Brazil, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Inter&Co (NASDAQ: INTR | B3:INBR32), the holding company of Inter Group, which offers the premier Super App in the Americas providing financial and digital commerce services to more than 25 million clients in Brazil and the US, announces the acquisition of 100% of the share capital of YellowFi Mortgage LLC and YellowFi Management LLC (jointly “YellowFi”).

Inter&Co Acquires YellowFi to Expand its Product Offering in the US

BELO HORIZONTE, Brazil, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Inter&Co (“Company”) (Nasdaq: INTR and B3: INBR32), the premier Super App in the Americas providing financial and digital commerce services to more than 25 million customers in Brazil and the US, informs that StoneCo announced today that it has sold 16,829,094 shares of Inter&Co, the totality of StoneCo's remaining stake in the Company, representing 4.20% of Inter&Co total shares. The sale of these shares in the open market may contribute to an increase in liquidity in Inter&Co shares.

Inter&Co Stock Liquidity Update

The "60-30-30" plan aims to reach 60 million clients , ˜30% cost-to-income ratio and ˜30% ROE by 2027 Long-term net income target of +R$5 billion The plan marks the next step in the Company's evolution, building upon its successful strategy to accelerate sustainable self-funded growth BELO HORIZONTE, Brazil , Jan. 18, 2023 /PRNewswire/ -- Inter&Co (Nasdaq: INTR and B3:INBR32), the premier Super App in the Americas providing financial and digital commerce services to more than 24 million customers in Brazil and the US, announced today at its 2023 Investor Day its "60-30-30"  growth targets. Inter revealed its ambitious targets for the next five years as it continues to implement its strategy, grow its Super App, expand into new markets and leverage its comparative financial advantages.

Inter&Co Unveils Long-Term Growth Targets

BELO HORIZONTE, Brazil , Jan. 12, 2023 /PRNewswire/ -- Inter&Co (Nasdaq: INTR and B3:INBR32), the premier Super App in the Americas providing financial and digital commerce services to more than 24 million customers in Brazil and the US, will host its Investor Day on Wednesday, January 18, 2023. Those interested in viewing Investor Day may register on the Company's Investor Relations website at ri.bancointer.com.br/en/.

Inter&Co to Host Investor Day on January 18, 2023

Allowing Inter, as a super app, to promote Brazilian entrepreneurs to sell through the largest marketplace in the world BELO HORIZONTE-MG, Brazil , Nov. 29, 2022 /PRNewswire/ -- Inter&Co (NASDAQ: INTR | B3:INBR32), a leading Brazilian Super App offering a complete range of services in banking, investments, credit, insurance, shopping and remittance-related services, announced that it has joined Amazon's Payment Service Provider (PSP) Program. The program requires any seller who uses PSP for revenue collecting to work with an Amazon-approved provider.

Inter&Co joins Amazon's Payment Service Provider Program

Adjusted for one-offs, Inter & Co saw its latest quarterly results surpass expectations. Impressively, the improved margins came without sacrificing asset quality.

Inter & Co: An Unwarranted Valuation Discount

BELO HORIZONTE-MG, Brazil, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Inter&Co (NASDAQ: INTR | B3:INBR32), a leading Brazilian Super App offering financial and nonfinancial services, reported today financial results for its third quarter ended September 30, 2022. Financial results are expressed in Brazilian reais and are presented under IFRS (International Financial Reporting Standards). The full earnings release has been made available on the Company's Investor Relations website at ri.bancointer.com.br/intereco.

Inter&Co, Inc Reports Third Quarter 2022 Financial Results

The new partnership brings Inter a step forward in its journey to serving and providing US customers with an unmatchable experience BELO HORIZONTE, Brazil , Oct. 18, 2022 /PRNewswire/ -- Inter&Co (Nasdaq: INTR), a leading digital bank offering financial and non-financial services to more than 22 million customers in US and Brazil, announced today that it became an official new partner of the New York City Football Club (NYCFC). The NYCFC is one of 28 teams that compete in the Major League Soccer (MLS) in US.

Inter Becomes the Official Remittances Partner of New York City Football Club

Inter & Co. Inc. (INTR) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Here's Why Inter & Co. Inc. (INTR) Could be Great Choice for a Bottom Fisher

The Company has rebranded its recently acquired remittances business to Inter and plans to expand its Super App services in US, in addition to offering cross-border transactions BELO HORIZONTE, Brazil , Sept. 16, 2022 /PRNewswire/ -- Inter&Co (Nasdaq: INTR), a leading digital bank offering financial and non-financial services to more than 20 million customers in Brazil and US, announced today that USEND, a US fintech company specializing in remittances, that was recently acquired, is now rebranded Inter.

Nasdaq-Listed Inter&Co Rebrands its Remittances Business in US

BELO HORIZONTE-MG, Brazil, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Inter&Co (NASDAQ: INTR | B3:INBR31), a leading Brazilian Super App offering financial and non-financial services, reported today financial results for its second quarter ended June 30, 2022. Financial results are expressed in Brazilian reais and are presented under IFRS (International Financial Reporting Standards). The full earnings release has been made available on the Company's Investor Relations website at ri.bancointer.com.br/intereco.

Inter&Co, Inc Reports Second Quarter 2022 Financial Results

Canaan Inc.

LiveOne

Analysts have high hopes for these penny stocks to buy. The post Best Penny Stocks To Buy?

Best Penny Stocks To Buy? 2 Analysts Have High Hopes For These 3

Inter&Co lists in US following the migration of its shares from Brazil's B3 exchange BELO HORIZONTE, Brazil , June 23, 2022 /PRNewswire/ -- Inter&Co (NASDAQ: INTR), a leading Super App offering financial and non-financial services to more than 20 million customers in Brazil and US, announced today the listing of its Class A Common Shares on Nasdaq, following the migration of its shares from Brazil's B3 exchange. Inter expects to commence trading as a Nasdaq-listed company upon market open on June 23, 2022 under the ticker symbol "INTR".

News for Inter & Co Inc Stock (INTR)