INTR · Inter & Co, Inc.

Inter & Co reported strong first-quarter 2026 results, with net income attributable to shareholders rising 37.8% year-over-year to R$394.8 million. Revenue growth of 32.8% to R$2.4 billion was driven by higher net interest income and income from securities, derivatives and foreign exchange, which increased 38.1% to R$1.88 billion. Net revenues from services and commissions grew 7.9% to R$496 million. The loan portfolio expanded 3.3% sequentially to R$49.8 billion, reflecting continued credit demand. Customer base surpassed 44 million with an activation rate of 58.6%, up 1.4 percentage points from a year ago. However, impairment losses on financial assets increased 52.1% to R$781 million, and administrative and personnel expenses rose 18.3% to R$902.7 million, partly offsetting revenue gains. Total assets reached R$99.1 billion, up 0.5% from year-end 2025, while shareholder's equity grew 0.2% to R$10.4 billion. The company's capital remuneration policy includes distributing interest on equity, with R$293.9 million paid in dividends and interest on equity during the quarter. No forward guidance was provided in the filing.