Inter & Co (INTR) Q2 2026 earnings summary

Executive summary

• Achieved record net income of R$421 million in Q2 2026, up 34% year-over-year, with ROE reaching 16.3% and net revenue growth of 32% year-over-year, marking 13 consecutive quarters of net income growth.

• Surpassed R$100 billion in total assets for the first time, reflecting robust balance sheet expansion and disciplined execution.

• Client base reached 45.3 million, with 3.7 million new active clients added in the last 12 months and a 58.3% activation rate.

• Business is now capital self-sustained, generating more capital than it consumes for growth.

• Maintained industry-leading client engagement, with 22 million daily logins and 32 million daily financial transactions, and a Net Promoter Score (NPS) of 88.

Financial highlights

• Net income: R$421 million (record high), up 34% YoY; total net revenue reached R$2.64 billion, up 32% YoY.

• Net interest income grew 39% YoY; net fee revenue increased 24% YoY to R$593 million.

• Efficiency ratio improved to 42.1%, a new record low.

• Total assets grew 22% YoY to R$102.9 billion.

• Loan portfolio expanded to R$55.4 billion, up 29% YoY.

Outlook and guidance

• Expect continued NIM expansion, targeting a 40 basis points annual increase.

• Rule of 50 trajectory maintained, targeting ~50% combined revenue growth and ROE in coming years.

• Management remains committed to sustainable growth, innovation, and profitability, with ongoing investments in technology and client experience.

• Cost of risk guidance remains at around 6%.

• Coverage ratio expected to remain at 130%-135% in coming quarters.