Financial Performance - Inter & Co. Inc. reported quarterly earnings of $0.13 per share, exceeding the Zacks Consensus Estimate of $0.12 per share, and up from $0.09 per share a year ago, representing an earnings surprise of +8.33% [1] - The company posted revenues of $353.55 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 4.91%, compared to year-ago revenues of $283.71 million [2] Stock Performance - Inter & Co. Inc. shares have increased approximately 54.7% since the beginning of the year, significantly outperforming the S&P 500's gain of 7.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.13 on revenues of $348.76 million, and for the current fiscal year, it is $0.53 on revenues of $1.38 billion [7] - The estimate revisions trend for Inter & Co. Inc. was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Financial - Miscellaneous Services industry, to which Inter & Co. Inc. belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Financial Data and Key Metrics Changes - The company reported a record net income of BRL 315 million, achieving a record return on equity (ROE) of 13.9% [39] - Total gross revenues reached BRL 2.0 billion, reflecting a year-over-year growth of 4835% [32] - The cost of risk was reported at 5%, with expectations to remain in the range of 5% to 5.25% [66][70] Business Line Data and Key Metrics Changes - The private payroll loan portfolio grew to BRL 728 million, serving 153,000 clients, indicating strong digital distribution [21] - Credit penetration among active clients reached 33.8%, supported by initiatives like monthly credit reassessments [20] - The investments vertical saw active clients grow by 38% year-over-year, reaching 7.9 million [22] Market Data and Key Metrics Changes - Total payment value grew by 33% year-over-year, reaching BRL 374 billion, with PIX accounting for BRL 346 billion [18] - The global account client base grew by 34% year-over-year, reaching 4.4 million, with deposits surpassing $294 million, marking a 90% year-over-year increase [25] - The company achieved a net promoter score of 85, indicating strong customer satisfaction [15] Company Strategy and Development Direction - The company aims to enhance client experience through innovative features like MyCredit and My Piggy Bank, focusing on sustainable credit options [8][10] - The strategy includes diversifying fee sources and building a strong funding franchise, which has compounded profitability over the last ten quarters [7] - The company is committed to maintaining a strong balance sheet while investing in long-term growth opportunities [39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate economic challenges, citing a diversified loan portfolio and strong asset quality metrics [64] - The outlook for the private payroll product remains positive, with expectations of achieving an ROE beyond 30% [50] - Management highlighted the importance of client-centric approaches and effective capital allocation to drive future growth [94] Other Important Information - The company is in a subsidy period for converting BDRs to Class A shares, which is expected to enhance share liquidity in the U.S. market [42] - The company continues to invest in technology and marketing to strengthen brand awareness and operational efficiency [36][38] Q&A Session Summary Question: Update on the private payroll product and its success - Management is optimistic about the private payroll product, expecting to surpass BRL 1 billion in portfolio soon, with delinquency rates better than initially forecasted [48][50] Question: Outlook for credit quality and provisioning levels - Management indicated that the cost of risk is expected to remain stable, with a focus on optimizing risk-adjusted NIM [66][70] Question: Margins on NIM statement and product performance - The company reported improvements in personal loan yields, driven by a favorable competitive dynamic and effective repricing strategies [74][76] Question: Renegotiated portfolio classification and strategy - Management clarified that renegotiated portfolios are primarily classified within stage one, focusing on commercial renegotiations for real estate contracts [110][112] Question: Insights on the 06/3030 plan and future KPIs - Management expressed confidence in achieving the 06/3030 plan, emphasizing the network effect and the tools available to drive growth [94]

Financial Data and Key Metrics Changes - The company reported a record net income of BRL315 million, achieving a record ROE of 13.9% [36] - Total gross revenues reached BRL2.0 billion, reflecting a year-over-year growth of 4835% [30] - The cost of risk reached 5%, with expectations to maintain this level despite growth in riskier products [64][66] Business Line Data and Key Metrics Changes - The private payroll loan portfolio grew to BRL728 million, serving 153,000 clients, demonstrating strong digital distribution [18] - Credit penetration among active clients reached 33.8%, indicating healthy growth in credit offerings [17] - The investments vertical saw a 38% year-over-year growth in active clients, reaching 7.9 million [19] Market Data and Key Metrics Changes - Total payment value grew by 33% year-over-year, reaching BRL374 billion, with PIX accounting for BRL346 billion [16] - The global account client base grew by 34% year-over-year, reaching 4.4 million, with deposits surpassing $294 million, up 90% year-over-year [22] - The company achieved a market share of 8% in the PIX segment, indicating strong competitive positioning [105] Company Strategy and Development Direction - The company focuses on building long-term value through innovative products like MyCredit and My Piggy Bank, enhancing client engagement and financial education [7][9] - The strategy emphasizes sustainable credit options and diversifying fee sources to strengthen profitability [6] - The company aims to leverage its digital platform to enhance user experience and drive cross-selling opportunities across its verticals [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining strong asset quality, with the lowest NPL levels since 2022 [62] - The outlook for credit quality remains positive, with expectations for continued growth in higher risk segments [64][66] - The company anticipates achieving its six-thirty-thirty plan by 2027, focusing on client growth, efficiency, and ROE [92][94] Other Important Information - The company is migrating share liquidity to the U.S. market, with over 50% of combined volume on most trading days [40] - The subsidy period for converting BDRs to Class A shares ends on August 30 [40] Q&A Session Summary Question: Update on the private payroll product and its success - Management is optimistic about the private payroll product, expecting it to exceed BRL1 billion in portfolio soon, with delinquency rates better than initially forecasted [46][64] Question: Outlook for credit quality and provisioning levels - Management indicated that the cost of risk is expected to remain between 5% to 5.25%, with improvements in asset quality and credit penetration [64][66] Question: Margins on NIM statement and product yields - The company reported an increase in personal loan yields from 19.5% to 23%, driven by a favorable competitive dynamic and product mix [71][73] Question: Changes in the credit card offering - The reshaping of the credit card portfolio focuses on increasing interest-earning products and improving customer solutions for delinquency [80][82] Question: Insights on the 06/3030 plan and future KPIs - Management is confident in achieving the six-thirty-thirty plan, emphasizing the importance of capital allocation and customer-centric approaches [92][94]

Earnings Presentation 2Q2025 August 2025 1 Earnings Presentation | 2Q25 Earnings Presentation | 2Q25 Earnings Presentation | 2Q25 Agenda João Vitor Menin | Global CEO Alexandre Riccio | Brazil CEO 1. CEO Overview 2. Business Update 3. Financial Performance Santiago Stel | SVP CFO 2 Earnings Presentation | 2Q25 Disclaimer This report may contain forward-looking statements regarding Inter, anticipated synergies, growth plans, projected results and future strategies. While these forward-looking statements refl ...

Core Insights - Inter&Co Inc. reported strong financial results for Q2 2025, highlighting a focused strategy on profitability, sustained growth, and innovation [3][6] - The company achieved a net income of US$57.8 million (R$315 million), representing a 53% year-over-year increase, with a return on equity (ROE) of 14% [6] Financial Performance - Total credit portfolio grew by 22% year-over-year, significantly outpacing the Brazilian market [6] - Gross loan portfolio expanded by 8% in the quarter, reaching US$7.3 billion (R$40.2 billion) [6] - Non-performing loans (NPLs) over 90 days remained stable at 4.6%, showing a 0.5 percentage point improvement compared to the previous year [6] - Efficiency ratio improved to 47.1%, up by 1.1 percentage points from Q1 2025 [6] Client Growth and Engagement - Total clients reached 39.3 million by the end of the quarter, with 1.1 million new active clients added [6] - Inter&Co surpassed the 40 million client milestone in August 2025 [6] - The launch of 'My Credit Journey' aims to deepen credit penetration and improve client relationships [3][6] Brand Recognition - Inter&Co was recognized as the seventh most powerful brand in Brazil and the number one banking brand among Gen Zs [3]

Core Insights - Burford Capital Limited (BUR) is anticipated to report a year-over-year increase in earnings driven by higher revenues for the quarter ended June 2025, with a consensus EPS estimate of $0.33, reflecting a 37.5% increase compared to the previous year [1][3] - The upcoming earnings report, scheduled for August 7, could influence the stock price significantly depending on whether the actual results meet or exceed expectations [2] Earnings Estimates - Revenues for Burford Capital are projected to be $160.24 million, which is a slight increase of 0.4% from the same quarter last year [3] - The consensus EPS estimate has been revised down by 7.85% over the last 30 days, indicating a more cautious outlook from analysts [4] Earnings Surprise Prediction - The Most Accurate Estimate for Burford Capital is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -17.51%, suggesting a bearish sentiment among analysts [12] - The stock currently holds a Zacks Rank of 4, which complicates the prediction of an earnings beat [12] Historical Performance - In the last reported quarter, Burford Capital was expected to post earnings of $0.30 per share but only achieved $0.14, resulting in a surprise of -53.33% [13] - Over the past four quarters, the company has only surpassed consensus EPS estimates once [14] Comparative Analysis - In contrast, Inter & Co. Inc. (INTR), another player in the financial services industry, is expected to report an EPS of $0.12 for the same quarter, indicating a year-over-year increase of 33.3% with revenues projected at $337 million, up 18.8% [18][19] - Inter & Co. Inc. has a positive Earnings ESP of +5.41% and a Zacks Rank of 3, suggesting a higher likelihood of beating the consensus EPS estimate [19][20]

Core Insights - Intrepid Metals Corp. has reported significant assay results from its ongoing drill program at the Corral Copper Property in Arizona, indicating the potential for a substantial copper asset in a promising district [3][4][22] Exploration Results - The latest drilling results from holes CC25_029 and CC25_030 show 216.50 meters of 0.71% Copper, 0.28 gpt Gold, and 5.14 gpt Silver, with a Copper Equivalent of 0.85% [6][7] - Notable intervals within Hole CC25_029 include: - 49.10m of 1.84% Cu, 0.78 gpt Au, and 11.41 gpt Ag (2.20% CuEq) - 23.05m of 3.31% Cu, 1.31 gpt Au, and 16.65 gpt Ag (3.77% CuEq) - 10.25m of 5.94% Cu, 2.20 gpt Au, and 25.50 gpt Ag (6.51% CuEq) [6][7][17] - Hole CC25_030 reported 98.20m of 0.35% Cu, 0.43 gpt Au, and 4.75 gpt Ag (0.70% CuEq) [13][17] Geological Context - The Corral Copper Property features mineralization concentrated in northeast dipping sedimentary rocks, with the most intense mineralization occurring in the Abrigo Limestone and Bolsa Quartzite [8][9] - The Ringo Zone, part of the Corral Property, is characterized by favorable geological formations and has shown signs of a transition toward copper-gold porphyry-style systems, enhancing its potential as a bulk-minable target [4][10] Company Strategy - Intrepid Metals aims to leverage historical data and modern exploration techniques to advance the Corral Copper Property towards development studies [25][26] - The company has a comprehensive exploration strategy that includes ongoing drilling, surface geological mapping, and sampling to validate historical data and identify mineralized porphyry centers [9][23][24]

Core Insights - Intrepid Metals Corp. has expanded its Corral Copper Property by acquiring additional mineral rights, enhancing its regional footprint in Cochise County, Arizona [1][2] - The new claims add approximately 2,195 acres (888 hectares) to the Corral land package, bringing total holdings to 11,715 acres (4,741 hectares) [2] - The acquisition strategically positions Intrepid alongside major industry player Rio Tinto, following Rio Tinto's recent claims acquisition in the area [1][3] Company Developments - The CEO of Intrepid Metals expressed confidence in the district's potential and commitment to developing a significant copper asset in a tier-one jurisdiction [3] - The Corral Copper Property is located near historical mining areas, with a rich mining history dating back to the late 1800s [4][10] - Intrepid has access to a historical digital drill hole archive database, which aids in exploration targeting and planning [4] Exploration Potential - The district has over 50,000 meters of historical drilling data, primarily focused on the Ringo, Earp, and Holliday Zones, which Intrepid is leveraging for ongoing exploration [4][7] - The company aims to combine modern exploration techniques with historical data to advance the Corral Copper Property towards development studies [7]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Inter & Co. Inc. (INTR) - Inter & Co. Inc. currently holds a Momentum Style Score of B, indicating a favorable momentum outlook [3] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4] Performance Metrics - INTR shares have increased by 5.1% over the past week, while the Zacks Financial - Miscellaneous Services industry remained flat [6] - Over the last month, INTR's price change is 5.6%, significantly outperforming the industry's 1.22% [6] - In the last three months, INTR shares rose by 36.59%, and over the past year, they increased by 24.22%, compared to the S&P 500's gains of 6.01% and 13.18%, respectively [7] Trading Volume - The average 20-day trading volume for INTR is 1,950,230 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - Over the past two months, two earnings estimates for INTR have been revised upwards, increasing the consensus estimate from $0.52 to $0.53 [10] - For the next fiscal year, two estimates have also moved higher, with no downward revisions during the same period [10] Conclusion - Considering the positive performance metrics and earnings outlook, INTR is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [12]

Core Insights - Investors in the Financial - Miscellaneous Services sector should consider Inter & Co. Inc. (INTR) and Blackstone Inc. (BX) for potential value opportunities [1] Valuation Metrics - Inter & Co. Inc. has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while Blackstone Inc. has a Zacks Rank of 4 (Sell) [3] - INTR has a forward P/E ratio of 13.24, significantly lower than BX's forward P/E of 28.53 [5] - The PEG ratio for INTR is 0.38, suggesting better value compared to BX's PEG ratio of 1.25 [5] - INTR's P/B ratio is 2.02, while BX's P/B ratio is 5.39, further indicating INTR's relative undervaluation [6] - These metrics contribute to INTR's Value grade of A and BX's Value grade of D [6] Earnings Outlook - INTR is noted for its improving earnings outlook, making it a more attractive option in the current market [7]