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MIAMI - Inter&Co Inc. (NASDAQ:INTR | B3:INBR32) reported second quarter 2025 net income of $57.8 million, representing a 53% increase year-over-year, according to a press release issued Wednesday.
The financial super app provider reached 39.3 million clients by quarter-end, adding 1.1 million new active users. The company stated it surpassed the 40 million client milestone in August. According to InvestingPro data, this expanding user base has contributed to impressive revenue growth of 39.9% over the last twelve months.
Inter&Co’s gross loan portfolio expanded to $7.3 billion, growing 8% quarter-over-quarter and 22% year-over-year, which the company noted is twice the growth rate of the broader Brazilian market.
The company maintained its non-performing loans over 90 days at 4.6% in the quarter, excluding credit card receivables anticipation, an improvement of 0.5 percentage points compared to the previous year.
Return on equity reached 13.9% for the quarter, while the efficiency ratio improved to 47.1%, a 1.1 percentage point advancement from the first quarter of 2025.
"Through disciplined execution, we are witnessing the compounding benefits of our focused strategy on profitability, sustained growth, and innovation," said João Vitor Menin, Global CEO of Inter&Co, in the statement.
Alexandre Riccio, Brazil CEO, highlighted the company’s credit expansion, noting strong performance in private payroll loans, mortgages, and FGTS-backed credit.
Inter&Co provides digital banking services, investments, mortgages, credit, and cross-border tools through its financial super app platform. The company has been expanding in the United States and holds naming rights to the Inter&Co Stadium in Orlando.
The company scheduled a conference call to discuss its quarterly results on August 6, 2025, at 10:30 a.m. ET. For investors seeking deeper insights, InvestingPro offers a comprehensive research report on Inter&Co, including detailed analysis of its financial health, growth prospects, and market position among 1,400+ top US stocks.
In other recent news, Inter & Co, Inc. announced a significant equity sale, as disclosed in a recent SEC Form 6-K filing. The details of the equity sold and the parties involved were not specified, but the disclosure aligns with the company’s regulatory compliance under the Securities Exchange Act of 1934. Additionally, Inter & Co reported its unaudited interim condensed consolidated financial statements as of March 31, 2025, providing an updated financial snapshot to the U.S. Securities and Exchange Commission. In a move to enhance investor confidence, Citi raised its price target for Inter & Co to $9.00 from $7.50, maintaining a Buy rating based on structural improvements and sustainable return on equity. Furthermore, the company has initiated a subsidy period for the conversion of its Brazilian Depositary Receipts (BDRs) and Class A shares, as per another SEC filing. These recent developments reflect Inter & Co’s ongoing efforts to maintain transparency and strengthen its market position.
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