Inter & Co (INTR) Company Report

Analyst Coverage

Research analysts who have asked questions during Inter & Co earnings calls.

Gustavo Schroden

Citigroup

4 questions for INTR

Also covers: BBD, BDORY, BSBR +5 more

Neha Agarwala

HSBC

4 questions for INTR

Also covers: BCH, BSAC, DLO +5 more

Pedro Leduc

Itau BBA

4 questions for INTR

Also covers: BBAR, BBD, BDORY +7 more

Yuri Fernandes

JPMorgan Chase & Co.

4 questions for INTR

Also covers: AVAL, BAP, BBD +13 more

Daer Labarta

Goldman Sachs

2 questions for INTR

Also covers: BBD, BCH, BDORY +4 more

Daniel Vaz

Banco Safra

2 questions for INTR

Also covers: BAP, BBD, BSBR +5 more

Mario Pierry

Bank of America

2 questions for INTR

Also covers: BBD, BDORY, BSBR +5 more

Tito Labarta

Goldman Sachs

2 questions for INTR

Also covers: BAP, BBAR, BBD +14 more

Andrew Geraghty

Morgan Stanley

1 question for INTR

Antonio Ruette

Bank of America

1 question for INTR

Also covers: PAGS, XP

Eduardo Rosman

BTG Pactual

1 question for INTR

Also covers: BBD, BDORY, BSBR +4 more

Eric Ito

Bradesco BBI

1 question for INTR

Also covers: BSAC, PAGS

Marcelo Mizrahi

Bradesco BBI

1 question for INTR

Also covers: BAP, BSBR, ITUB +2 more

Ricardo Buchpiguel

BTG Pactual

1 question for INTR

Also covers: BDORY, BLX, PAGS +2 more

Thiago Bovolenta Batista

UBS

1 question for INTR

Also covers: BAP, BBD, BSBR +3 more

Latest news

Recent press releases and 8-K filings for INTR.

Inter & Co Reports Strong Q3 2025 Growth with Record Client Additions and Loan Book Expansion

INTR

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Inter & Co reported robust growth in Q3 2025, adding a record 2 million new clients to reach 41 million total clients, with an overall activation rate of 58%.
The loan book expanded 30% year-on-year and 9% quarterly, driven by strong performance in private payroll loans (BRL 1.3 billion portfolio) and mortgages (BRL 9 billion portfolio). The private payroll product is now a high-profitability segment with an ROE significantly above 30%.
Profitability improved, with ROE reaching almost 15% and the efficiency ratio dropping by nearly 200 basis points in Q3 2025. The cost of risk, which increased to 5.35% due to upfront provisioning for new loans, is expected to stabilize around 5.5%.
The company's funding franchise grew 35% year-on-year to BRL 68 billion, and while fee income was affected by BRL 30 million in one-off items, it is projected to grow in the 20% range going forward.

Nov 13, 2025, 4:00 PM

Transcript

Inter & Co Announces Strong Q3 2025 Earnings

INTR

Earnings

Revenue Acceleration/Inflection

Inter & Co reported a net income of R$336 million in Q3 2025, marking a 38.6% year-over-year increase.
The company achieved a Return on Equity (ROE) of 14.2% and maintained an efficiency ratio of 45.2% in Q3 2025.
Total Net Revenue reached R$2,162 million, demonstrating 29.0% year-over-year growth.
The loan portfolio expanded by 30% year-over-year, reaching R$43.8 billion in Q3 2025.
Inter & Co added 1.2 million new active clients, contributing to a total of 41.3 million clients.

Nov 13, 2025, 4:00 PM

Presentation

Inter&Co Reports Strong 3Q25 Results

INTR

Earnings

Revenue Acceleration/Inflection

Guidance Update

Inter&Co reported its 3Q25 results on November 13, 2025, with net income reaching R$336 million (US$63.2 million), representing 39% year-over-year growth.
The company's credit portfolio expanded 30% year-over-year, which is triple the Brazilian market's growth rate, while maintaining stable NPL ratios.
Inter&Co added a record 1.2 million new active clients in the quarter, bringing the total active client base to 24 million.
The company achieved a 45.2% efficiency ratio and a 14.2% Return on Equity (ROE) in 3Q25.

Nov 13, 2025, 12:52 PM

Press Release

Inter & Co, Inc. Announces Strong Q3 2025 Financial Results

INTR

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Inter & Co, Inc. reported a record net income of R$336 million and an annualized Return on Equity (ROE) of 14.2% for Q3 2025.
The company's total gross loan portfolio expanded by an impressive 30% year-over-year, reaching R$43,818 million in Q3 2025.
Inter & Co added 1.2 million new active clients in Q3 2025, bringing the total active client base to 24 million, with total clients reaching 41.3 million.
Total gross revenue increased by 48.2% year-over-year to R$3,977 million, while net revenue grew 29.0% year-over-year to R$2,162 million in Q3 2025.
The efficiency ratio improved to 46.3% in Q3 2025.

Nov 13, 2025, 11:46 AM

6-K

Inter & Co Reports Q3 2025 Financial and Operational Highlights

INTR

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

As of September 30, 2025, Inter & Co reported 41.3 million customers, with an activation rate of 57.9%, marking a 2.0 percentage point increase from September 30, 2024.
For the nine-month period ending September 30, 2025, revenues grew 31.8% to R$ 6.0 billion, and net income increased 48.4% to R$ 938.0 million compared to the same period in 2024.
Total assets reached R$ 91.8 billion as of September 30, 2025, a 20.1% increase from December 31, 2024, with shareholder's equity growing 8.1% to R$ 9.8 billion over the same period.
Basic earnings per share for the nine-month period ended September 30, 2025, was R$ 2.13, and diluted earnings per share was R$ 2.11.

Nov 13, 2025, 11:37 AM

6-K

Inter IKEA Reports Significant Profit Decline for 2024-2025 Financial Year

INTR

Earnings

Profit Warning

Demand Weakening

Inter IKEA reported a 26-32% decline in profits for the 2024-2025 financial year, with operating profit dropping to approximately €1.5-1.7 billion.
The profit decline was primarily attributed to increased shipping costs, higher commodity prices, and U.S. tariffs.
Despite investing €2 billion to €3 billion to reduce prices by about 10% over the past two years, which increased sales volume by 2.6%, total revenue slightly decreased by 1%.
To mitigate the impact of tariffs, IKEA opened a U.S. factory in North Carolina to produce popular items domestically.

Nov 8, 2025, 2:03 AM

Bloomberg

Inter & Co's Banco Inter receives "Positive" outlook upgrade from Moody's

INTR

On October 3, 2025, Moody's Local BR upgraded Banco Inter S.A.'s outlook to "Positive" and reaffirmed its 'AA+.br' rating.
This decision was based on factors including continuous and sustainable improvement in profitability, stable credit portfolio quality, appropriate capital levels, and diversified revenue growth.
Moody's specifically noted that the positive outlook stems from Inter's improving profitability, nearing that of AAA.br-rated banks, supported by an expanding client base and diversified revenue generated through its Super App.

Oct 3, 2025, 8:04 PM

6-K

Inter Milan Reports First Net Profit in 15 Years and Record Revenue

INTR

Earnings

Debt Issuance

New Projects/Investments

Inter Milan posted its first net profit in 15 years, achieving a gain of €35.4 million for the 2024-25 financial year, reversing a €35.7 million loss from the previous period.
The club recorded record revenues of €567 million, the highest ever for a Serie A club, driven by increased earnings from domestic and European competitions, and growth in commercial revenues and sponsorships.
As part of its financial restructuring, Inter fully repaid existing bonds and secured a €350 million long-term loan with an investment-grade rating, which reduced their cost of capital.
Owners Oaktree approved a €100 million investment in infrastructure upgrades, including training facilities, to strengthen the club's long-term stability.