Inter & Co (INTR) Company Report

Analyst Coverage

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

Gustavo Schroden

Citigroup

6 questions for INTR

Also covers: BBD, BDORY, BSBR +5 more

Neha Agarwala

HSBC

6 questions for INTR

Also covers: BCH, BSAC, DLO +5 more

Pedro Leduc

Itau BBA

6 questions for INTR

Also covers: BBAR, BBD, BDORY +7 more

Yuri Fernandes

JPMorgan Chase & Co.

6 questions for INTR

Also covers: AVAL, BAP, BBD +13 more

Mario Pierry

Bank of America

4 questions for INTR

Also covers: BBD, BDORY, BSBR +5 more

Tito Labarta

Goldman Sachs

4 questions for INTR

Also covers: BAP, BBAR, BBD +14 more

Marcelo Mizrahi

Bradesco BBI

3 questions for INTR

Also covers: BAP, BSBR, ITUB +2 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

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

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 Announces Strong Q4 and Full-Year 2025 Results

INTR

Earnings

Revenue Acceleration/Inflection

Inter & Co reported a net income of R$374 million in Q4 2025 and R$1,312 million for the full year 2025, achieving a Return on Equity (ROE) of 15.1% in Q4 2025.
The company's loan portfolio expanded by 36% year-over-year to R$48.3 billion in Q4 2025, while the Total Payment Volume (TPV) run rate reached R$1.8 trillion.
Inter & Co's total number of clients grew to 43.1 million in 2025, with 1.1 million new active clients added in Q4 2025.
The efficiency ratio improved to 45.5% in Q4 2025, and the NPL > 90 days stood at 4.7%, supported by a 141% coverage ratio.

Feb 11, 2026, 3:00 PM

Presentation

Inter&Co Reports Strong Q4 2025 Financial Results and Progress on Strategic Plan

INTR

Earnings

Revenue Acceleration/Inflection

Guidance Update

Inter&Co reported a strong financial performance in Q4 2025, with total gross revenues reaching BRL 15 billion, a 45% year-on-year growth, and net revenues growing 31% year-on-year to BRL 8.4 billion. The company also achieved BRL 1.3 billion in net income and surpassed 15% ROE in the last quarter.
The company demonstrated significant client acquisition and engagement, welcoming 7 million new clients in 2025, with 4.4 million becoming active, bringing the total active client base to 25 million. Daily logins exceeded 21.5 million in December, up from 17 million the previous year.
Inter&Co's loan portfolio experienced robust growth, increasing 36% annually, with quarterly growth accelerating to 10%. Key drivers included mortgages growing 48% year-on-year, home equity loans up 35%, and private payroll loans reaching nearly BRL 2 billion from almost zero at the start of the year.
Management reiterated confidence in its 60/30/30 plan, noting the ROE is halfway to its 30% target and client numbers are at 43 million (from 25 million). The company expects to continue improving its efficiency ratio in 2026 by growing expenses less than revenues , and anticipates a cost of risk between 5.5% and 6% for 2026.

Feb 11, 2026, 3:00 PM

Transcript

Inter & Co Reports Strong Q4 and Full-Year 2025 Financial Results

INTR

Earnings

Guidance Update

Revenue Acceleration/Inflection

Inter & Co reported robust financial performance for Q4 and full-year 2025, with total gross revenues reaching BRL 15 billion, marking an impressive 45% year-on-year growth, and net revenues growing 31% year-on-year to BRL 8.4 billion.
The company achieved significant loan portfolio growth of 36% annually, driven by strong performance in mortgages (48% year-on-year growth), home equity (35%), and private payroll loans, which reached BRL 2 billion.
Efficiency improved, with the efficiency ratio decreasing from 48.4% to 45.5% in 2025, representing a nearly 300 basis points improvement. Net interest margins (NIM) consistently showed growth, with risk-adjusted NIM improving by an average of 15 basis points quarter-over-quarter.
Inter & Co maintained a strong capital position, reporting a bank level capital of 14.4% and a combined CET1 of roughly 19%. The company expects to continue paying dividends at a 20% payout ratio.
For 2026, the company anticipates loan growth of 25-30% and projects a cost of risk between 5.5% and 6%, while aiming for continued operational leverage improvement through various initiatives, including AI.

Feb 11, 2026, 3:00 PM

Transcript

Inter&Co Reports Strong 2025 Financial Results

INTR

Earnings

Revenue Acceleration/Inflection

Inter&Co reported Net Income of R$1.3 billion (US$ 250 million) for 2025, representing 45% year-over-year growth.
The company added 4.4 million new active clients in 2025, bringing its total active clients to 25 million.
Inter&Co's credit portfolio expanded by 36% year-over-year, driven by strategic products like Private Payroll Loans, Mortgages, and Credit Cards.
Net Interest Margins (NIMs) increased to 9.6% from 8.7% in 4Q24, and annualized Return on Equity (ROE) surpassed 15%.

Feb 11, 2026, 12:13 PM

Press Release

Inter & Co Reports Strong Q4 and Full-Year 2025 Earnings

INTR

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Inter & Co reported a record net income of R$374 million in Q4 2025 and R$1.3 billion for the full year 2025, marking a 45% year-over-year increase.
The company achieved a Return on Equity (ROE) of 15.1% in Q4 2025, with the annual ROE reaching 13.8% in 2025.
Total clients reached 43.1 million in Q4 2025, including 25.0 million active clients, after adding 4.4 million net new active clients during the year.
The loan portfolio grew by an impressive 36% year-over-year in 2025, significantly outpacing the Brazilian market, while net revenue increased 30% year-over-year to R$2,398 million in Q4 2025.

Feb 11, 2026, 11:07 AM

6-K

Inter & Co, Inc. Reports Strong Financial Performance for Full Year 2025

INTR

Earnings

Revenue Acceleration/Inflection

M&A

Net income attributable to controlling shareholders for 2025 increased by 44.7% to R$ 1,312.4 million.
Revenues for 2025 grew by 31.3% to R$ 8.4 billion.
Total assets as of December 31, 2025, rose by 29.0% to R$ 98.6 billion.
Total funding, including demand deposits, term deposits, savings deposits, and securities issued, increased by 31.0% to R$ 69.0 billion as of December 31, 2025.
Basic earnings per share for 2025 was R$ 2.98.

Feb 11, 2026, 11:02 AM

6-K

Inter & Co Receives Regulatory Approval for U.S. Banking Branch

INTR

New Projects/Investments

Product Launch

Inter (NASDAQ: INTR) has received regulatory approval from the Florida Office of Financial Regulation (OFR) and the Federal Reserve (FED) to establish a state-licensed international banking branch in Florida.
This approval allows Inter to establish a Miami-based branch, expanding its cross-border capabilities and broadening its range of financial services for individuals and businesses.
The new U.S. operation will function as a digital-first banking hub, enabling Inter to optimize its global franchise, offer regulated credit and banking products, support international businesses, and strengthen its U.S. presence.
Inter, which serves more than 41 million customers, is recognized as Brazil's first digital bank and a leading institution in outbound remittances.

Jan 16, 2026, 8:50 PM

Press Release

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.