Business
Inter&Co Inc. Reports Year-Over-Year Net Income Growth of 57%
BELO HORIZONTE, Brazil, May 12, 2025 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ: INTR | B3: INBR32), the leading financial super app providing financial and
About this update from Inter & Co. Inc.
[{"type":"text","content":"BELO HORIZONTE, Brazil, May 12, 2025 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ: INTR | B3: INBR32), the leading financial super app providing financial and digital commerce services to 37.7 million customers, today reported financial results for the first quarter of 2025. 1Q25 Highlights: Total clients grew to 37.7 million, with 21.6 million active clients and an activation rate of 57.2%.Net Income of R$287 million, excluding minority interests, up 57% YoY.Return on Equity of 12.9%, up from 9.2% in 1Q24.Efficiency Ratio continued improving and reached 48.8%, 1.3 p.p. better than 4Q24.NPLs over 90 days improved to 4.1%, 0.8 p.p. lower than 1Q24. João Vitor Menin, Global CEO of Inter&Co, commented: “Inter, by design, embodies the transformation of the banking industry. From our focus on innovation and efficient digital distribution of financial products and services, to expanding benefits and lowering costs for all our clients, we are building trust and long-term relationships that will be mutually rewarding for years to come.” Alexandre Riccio, Brazil CEO of Inter&Co, highlighted the opportunities that lie ahead: “We are particularly excited about the engagement with peer-to-peer payments (Pix) in Brazil, the significant uptake of our loyalty program Loop, and the record number of clients using our credit products. The new Private Payroll offering represents a key opportunity for Inter. It aligns perfectly with our business model: digital, low-cost distribution, scalable, and collateralized, with minimal overlap with our other consumer credit products.” About the 1Q25 results, he commented that, “Our commitment to cost control has allowed us to further widen the gap between net revenue growth and expenses, achieving an efficiency level of 48.8%. In addition, Inter continues to benefit from a diversified credit model, with improving underwriting resulting in another decrease in NPL ratio to 4.1%. “As we enter the third year of the 60/30/30 plan, we are proud that our results reflect the dedication, focus, and effectiveness of our team in implementing our strategy, delivering consistent, resilient growth and profitability.” Conference CallInter&Co will discuss its 1Q2025 financial results on May 12th, 2025, at 11 a.m. ET (12 p.m. BRT). The webcast details, along with the earnings materials can be accessed on the company’s Investor ...