Inter&Co Inc. Reports Highest Ever Net Income of R$973M in 2024
Inter&Co (NASDAQ: INTR) reported its strongest financial performance ever, achieving a record net income of R$973 million in 2024, tripling its 2023 results. The company's total net revenue reached R$6.4 billion, marking a 35% year-over-year increase, while gross revenues exceeded R$10 billion.
Key performance indicators showed significant improvement, with Net Interest Margin rising to 9.7% in Q4 2024 from 9.0% in Q4 2023. Net fee revenues grew 31% YoY to over R$2.0 billion. The company's client base expanded to 36 million total users, with 20.6 million active clients and a 57% activation rate. The platform attracted 4.2 million new active clients in 2024, achieving an ROE of 11.7%.
Inter&Co (NASDAQ: INTR) ha riportato la sua migliore performance finanziaria di sempre, realizzando un reddito netto record di R$973 milioni nel 2024, triplicando i risultati del 2023. Il fatturato netto totale della società ha raggiunto R$6,4 miliardi, segnando un aumento del 35% rispetto all’anno precedente, mentre i ricavi lordi hanno superato i R$10 miliardi.
Gli indicatori chiave di performance hanno mostrato un significativo miglioramento, con il Margine di Interesse Netto che è salito al 9,7% nel Q4 2024 rispetto al 9,0% nel Q4 2023. I ricavi netti da commissioni sono aumentati del 31% su base annua, superando i R$2,0 miliardi. La base clienti della società è cresciuta fino a 36 milioni di utenti totali, con 20,6 milioni di clienti attivi e un tasso di attivazione del 57%. La piattaforma ha attratto 4,2 milioni di nuovi clienti attivi nel 2024, raggiungendo un ROE del 11,7%.
Inter&Co (NASDAQ: INTR) reportó su mejor desempeño financiero de la historia, logrando un ingreso neto récord de R$973 millones en 2024, triplicando los resultados de 2023. Los ingresos netos totales de la empresa alcanzaron R$6.4 mil millones, marcando un aumento del 35% año tras año, mientras que los ingresos brutos superaron los R$10 mil millones.
Los indicadores clave de desempeño mostraron una mejora significativa, con el Margen de Interés Neto aumentando al 9.7% en el cuarto trimestre de 2024, desde el 9.0% en el cuarto trimestre de 2023. Los ingresos netos por comisiones crecieron un 31% interanual, superando los R$2.0 mil millones. La base de clientes de la empresa se expandió a 36 millones de usuarios totales, con 20.6 millones de clientes activos y una tasa de activación del 57%. La plataforma atrajo 4.2 millones de nuevos clientes activos en 2024, alcanzando un ROE del 11.7%.
Inter&Co (NASDAQ: INTR)는 2024년에 R$973 백만의 기록적인 순이익을 달성하며 역대 최고의 재무 성과를 보고했습니다. 이는 2023년 결과의 세 배에 해당합니다. 회사의 총 순수익은 R$6.4 십억에 도달하여 전년 대비 35% 증가했으며, 총 수익은 R$10 십억을 초과했습니다.
주요 성과 지표는 상당한 개선을 보여주었으며, 순이자 마진은 2023년 4분기의 9.0%에서 2024년 4분기에는 9.7%로 상승했습니다. 순수수료 수익은 작년 대비 31% 증가하여 R$2.0 십억 이상을 기록했습니다. 회사의 고객 기반은 3,600만 총 사용자로 확대되었으며, 2,060만 명이 활성 고객이고, 활성화율은 57%에 달합니다. 플랫폼은 2024년에 420만 명의 신규 활성 고객을 유치하여 11.7%의 ROE를 달성했습니다.
Inter&Co (NASDAQ: INTR) a réalisé ses meilleures performances financières jamais enregistrées, atteignant un résultat net record de R$973 millions en 2024, triplant ainsi ses résultats de 2023. Le chiffre d'affaires net total de l'entreprise a atteint R$6,4 milliards, représentant une augmentation de 35% d'une année sur l'autre, tandis que les revenus bruts ont dépassé les R$10 milliards.
Les indicateurs de performance clés ont montré une amélioration significative, avec un Marge d'Intérêt Net passant à 9,7% au T4 2024 contre 9,0% au T4 2023. Les revenus nets des frais ont augmenté de 31% par rapport à l'année précédente, dépassant les R$2,0 milliards. La base de clients de l'entreprise s'est élargie à 36 millions d'utilisateurs au total, avec 20,6 millions de clients actifs et un taux d'activation de 57%. La plateforme a attiré 4,2 millions de nouveaux clients actifs en 2024, atteignant un ROE de 11,7%.
Inter&Co (NASDAQ: INTR) hat seine stärkste finanzielle Leistung aller Zeiten gemeldet und im Jahr 2024 einen Rekordnettogewinn von R$973 Millionen erzielt, was einer Verdreifachung der Ergebnisse von 2023 entspricht. Der gesamte Nettoumsatz des Unternehmens erreichte R$6,4 Milliarden, was einem Anstieg von 35% im Jahresvergleich entspricht, während die Bruttoumsätze über 10 Milliarden R$ lagen.
Die wichtigsten Leistungskennzahlen zeigten eine signifikante Verbesserung, wobei die Nettogewinnmarge im Q4 2024 auf 9,7% stieg, verglichen mit 9,0% im Q4 2023. Die Nettogebühreneinnahmen wuchsen im Jahresvergleich um 31% auf über R$2,0 Milliarden. Die Kundenbasis des Unternehmens erweiterte sich auf 36 Millionen Gesamtbenutzer, mit 20,6 Millionen aktiven Kunden und einer Aktivierungsquote von 57%. Die Plattform zog 4,2 Millionen neue aktive Kunden im Jahr 2024 an und erzielte eine Eigenkapitalrendite (ROE) von 11,7%.
- Record net income of R$973M in 2024, triple the 2023 figure
- Total net revenue up 35% YoY to R$6.4B
- Net Interest Margin improved to 9.7% in Q4 2024
- Net fee revenues grew 31% YoY to R$2.0B
- Client base expanded to 36M users with 20.6M active clients
- ROE increased to 11.7% in 2024
- None.
Insights
Inter&Co's 2024 financial results reveal a transformative year marked by exceptional profitability growth, with net income reaching
The platform's revenue diversification strategy is proving highly effective, with total revenues exceeding
Three key competitive advantages emerge from these results:
- Superior cost structure: One of the lowest funding costs in the industry, providing a sustainable advantage in lending operations
- Robust risk management: Improving asset quality metrics despite market challenges indicate strong underwriting practices
- Network effects: 20.6 million active clients with
57% activation rate showcase successful customer engagement and platform stickiness
The ROE expansion to
BELO HORIZONTE, Brazil, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ: INTR | B3: INBR32), the leading financial super app providing financial and digital commerce services to over 36 million customers, today reported financial results for the fourth quarter of 2024.
2024 Highlights:
- Record Net Income of R
$ 973 million in 2024, 3 times greater than 2023. - Total Net Revenue of R
$ 6.4 billion , up35% YoY, while Total Gross Revenues surpassed the mark of R$ 10 billion in 2024. - Net Interest Margin of
9.7% in 4Q24, up from9.0% in the same period of 2023. - Net fee revenues of over R
$ 2.0 billion , a31% YoY growth, representing the strength of the platform effect. - Total clients grew to 36 million, with 20.6 million active clients and an activation rate of
57% .
João Vitor Menin, Global CEO of Inter&Co commented:
“Our story has been about innovation, delivering a superior financial super app with low-cost products, disrupting a traditional and inefficient industry. As a result, we have acquired over 36 million clients that are simplifying their financial lives by using our platform.”
“In 2024, engagement continued to rise as we attracted a record 4.2 million active clients to our platform. This increased engagement fosters cross-selling among our seven verticals, generating a powerful network effect and enabling us to achieve remarkable results across all of them.”
“As a result, we delivered a growing ROE of
He added, “We entered 2025 with a strong balance sheet, one of the lowest costs of funding in the industry, a diversified credit portfolio, and asset quality metrics that continue to improve despite a more challenging scenario. I’m confident that our platform is exceptionally well positioned to continue succeeding in the years ahead.”
Conference Call
Inter&Co will discuss its 4Q2024 financial results on February 6th, 2024, at 11 a.m. ET (1 p.m. BRT). The webcast details, along with the earnings materials can be accessed on the company’s Investor Relations website at https://investors.inter.co/en/.
About Inter&Co
Inter&Co (NASDAQ: INTR) is the pioneer financial super app serving over 36 million consumers across the Americas. The Inter&Co ecosystem offers a broad array of services, including banking, investments, mortgages, credit, gift cards, and cross-border tools. The super app also boasts a dynamic marketplace, linking consumers with shopping discounts, cashback rewards, and exclusive access to marquee events across the globe. The company is expanding rapidly in the United States, as evidenced by its naming rights sponsorship of the Inter&Co Stadium that hosts soccer teams “Orlando City” and “Orlando Pride”. Focused on innovation and captivating member experiences, Inter&Co delivers comprehensive financial and lifestyle solutions to meet the evolving needs of modern consumers. For more information, visit: https://inter.co/en/us/.
Investor Relations:
Rafaela de Oliveira Vitória
ir@inter.co
Media Relations:
Kaio Philipe
kaio.philipe@inter.co
Chemistry Agency
interco@chemistryagency.com
Disclaimer
This report may contain forward-looking statements regarding Inter, anticipated synergies, growth plans, projected results and future strategies. While these forward-looking statements reflect our Management’s good faith beliefs, they involve known and unknown risks and uncertainties that could cause the company’s results or accrued results to differ materially from those anticipated and discussed herein. These statements are not guarantees of future performance. These risks and uncertainties include, but are not limited to, our ability to realize the number of projected synergies and the projected schedule, in addition to economic, competitive, governmental and technological factors affecting Inter, the markets, products and prices and other factors. In addition, this presentation contains managerial figures that may differ from those presented in our financial statements. The calculation methodology for these managerial numbers is presented in Inter’s quarterly earnings release. Statements contained in this report that are not facts or historical information may be forward looking statements under the terms of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may, among other things, beliefs related to the creation of value and any other statements regarding Inter. In some cases, terms such as “estimate”, “project”, “predict”, “plan”, “believe”, “can”, “expectation”, “anticipate”, “intend”, “aimed”, “potential”, “may”, “will/shall” and similar terms, or the negative of these expressions, may identify forward looking statements.
These forward-looking statements are based on Inter's expectations and beliefs about future events and involve risks and uncertainties that could cause actual results to differ materially from current ones. Any forward-looking statement made by us in this document is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether because of new information, future developments or otherwise. The definition of each such operational metric is included in the earnings release available on our Investor Relations website.
For additional information that about factors that may lead to results that are different from our estimates, please refer to sections “Cautionary Statement Concerning Forward Looking Statements” and “Risk Factors” of Inter&Co Annual Report on Form 20-F. The numbers for our key metrics (Unit Economics), which include, among other, active clients and average revenue per active client (ARPAC), are calculated using Inter’s internal data. Although we believe these metrics are based on reasonable estimates, there are challenges inherent in measuring the use of our business. In addition, we continually seek to improve our estimates, which may change due to improvements or changes in methodology, in processes for calculating these metrics and, from time to time, we may discover inaccuracies and adjust to improve accuracy, including adjustments that may result in recalculating our historical metrics.
About Non-IFRS Financial Measures
To supplement the financial measures presented in this press release and related conference call, presentation, or webcast in accordance with IFRS, Inter&Co also presents non-IFRS measures of financial performance, as highlighted throughout the documents. The non-IFRS Financial Measures include, among others: Adjusted Net Income, Cost of Funding, Efficiency Ratio, Cost of Risk, Cards+PIX TPV, Gross ARPAC, Global Clients, Total Gross Revenues, and Return on average equity (ROE).
A “non-IFRS financial measure” refers to a numerical measure of Inter&Co’s historical or financial position that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with IFRS in Inter&Co’s financial statements. Inter&Co provides certain non-IFRS measures as additional information relating to its operating results as a complement to results provided in accordance with IFRS. The non-IFRS financial information presented herein should be considered together with, and not as a substitute for or superior to, the financial information presented in accordance with IFRS. There are significant limitations associated with the use of non-IFRS financial measures. Further, these measures may differ from the non-IFRS information, even where similarly titled, used by other companies and therefore should not be used to compare Inter&Co’s performance to that of other companies.
FAQ
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