Inter & Company Incorporation Class A ( (INTR) ) has released its Q3 earnings. Here is a breakdown of the information Inter & Company Incorporation Class A presented to its investors.
Inter & Company Incorporation Class A is a financial technology company operating a comprehensive financial super app that offers a wide array of banking and commercial services, primarily in the fintech sector, with a focus on personalization and innovation.
In its latest earnings report for the third quarter of 2024, Inter & Company reported significant growth across several financial metrics, highlighting its expanding client base and strategic initiatives to enhance its financial ecosystem. The company continues to make substantial investments in technology and marketing while maintaining a strong focus on improving profitability.
Key financial highlights include a gross revenue of R$2.7 billion, marking a 25.2% increase year-over-year, and a net income of R$260 million, representing a 149.6% increase compared to the previous year. The company achieved a record return on equity (ROE) of 11.9%, driven by robust loan growth and increased transaction volumes, particularly in its Pix and card operations, which reached a run-rate TPV of R$1.2 trillion. Inter & Company also added a record 1.1 million new active clients this quarter, bringing its total client base to 34.9 million.
The company continues to focus on its strategic growth plan, aiming to balance investments with operational efficiency. Notable developments include the launch of a new digital payroll loan offer and the integration of Inter Pag into its business offerings. Additionally, Inter & Company has expanded its product offerings through hyper-personalization and cross-selling opportunities, further monetizing its extensive ecosystem.
Looking ahead, Inter & Company remains optimistic about its growth prospects, with management signaling a continued commitment to enhancing its platform and exploring new market opportunities. The company’s strategic investments and focus on client engagement are expected to drive sustained growth and profitability in the coming quarters.
