Core Insights - Inter&Co Inc. reported a record net income of R$973 million for 2024, which is three times greater than the previous year [6] - The company achieved total net revenue of R$6.4 billion, reflecting a 35% year-over-year growth, while total gross revenues exceeded R$10 billion in 2024 [6] - The net interest margin improved to 9.7% in Q4 2024, up from 9.0% in the same period of 2023 [6] - Net fee revenues surpassed R$2.0 billion, marking a 31% year-over-year growth, indicating strong platform performance [6] - The total client base grew to 36 million, with 20.6 million active clients and an activation rate of 57% [6] Company Overview - Inter&Co is a leading financial super app serving over 36 million consumers across the Americas, offering a wide range of services including banking, investments, and credit [5] - The company is focused on innovation and enhancing member experiences, aiming to meet the evolving needs of modern consumers [5] - Inter&Co is expanding rapidly in the United States, highlighted by its naming rights sponsorship of the Inter&Co Stadium [5] Leadership Commentary - João Vitor Menin, Global CEO, emphasized the company's commitment to innovation and the successful acquisition of clients through a superior financial super app [3] - He noted that the increase in engagement led to a record 4.2 million active clients in 2024, fostering cross-selling opportunities across the company's seven verticals [3] - Menin expressed confidence in the company's strong balance sheet and asset quality metrics, positioning it well for future success [3]

Consolidated financial statements For the year ended December 31, 2024 Contents | Management report | | 2 | | --- | --- | --- | | Independent Auditor's Report | | 4 | | Consolidated balance sheets | | 9 | | Consolidated income statements | | 10 | | | Consolidated statements of comprehensive income | 11 | | | Consolidated statements of cash flows | 12 | | | Consolidated statements of changes in equity | 13 | | | Notes to the consolidated financial statements | 14 | | Note 1 | Activity and structure of Inter ...

Company Analysis - Inter (NASDAQ: INTR) is identified as a super asymmetric stock with strong conviction for long-term holding due to its undervalued nature and growth potential [1] - The analysis is fundamentally driven, focusing on identifying undervalued stocks with growth potential, which aligns with the value investing approach [1] Analyst Background - The analyst has a broad career in the financial market, covering both Brazilian and global stocks, and specializes in equity research [1] - The analyst holds a beneficial long position in Inter (NASDAQ: INTR) through stock ownership, options, or other derivatives, indicating a personal investment in the company [1]

Vancouver, British Columbia--(Newsfile Corp. - December 19, 2024) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to announce that Mr. Richard Lock has been appointed to the Board of Directors of Intrepid, effective today."Having Richard, a highly respected mining engineer with a wealth of experience leading some of the largest and most complex mining projects globally, join our team is a testament to the immense potential of our Arizona-based ventures," said Ma ...

Group 1 - The recommendation is to buy Inter & Co (NASDAQ: INTR) shares following the release of its 3Q24 results [1] - This article continues a previous coverage initiated on April 20, maintaining the same buy recommendation [1] - The analyst has over 5 years of experience in equity analysis in Latin America, providing in-depth research and insights for informed investment decisions [1]

Unaudited interim condensed consolidated statements As of for the twelve-month period ended September 30, 2024 Contents | Management report | | 2 | | --- | --- | --- | | Independent Auditor's Report | | 4 | | | Unaudited interim condensed consolidated balance sheets | 5 | | | Unaudited interim condensed consolidated income statements | 6 | | | Unaudited interim condensed consolidated statements of comprehensive income | 7 | | | Unaudited interim condensed consolidated statements of cash flows | 8 | | | Unau ...

Intrepid Metals Provides Details on New Drill Targets at Corral Copper ProjectOctober 31, 2024 7:00 AM EDT | Source: Intrepid Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - October 31, 2024) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to provide further information on new drill targets following the successful completion of its initial drill program at Corral Copper Property ("Corral" or the "Property") in Cochise County, Arizona. In ...

BELO HORIZONTE, Brazil, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ: INTR | B3: INBR32), the leading financial super app providing financial and digital commerce services to over 33 million customers, today reported financial results for the second quarter of 2024. Highlights: Record net income of R$ 223 million. 10.4% ROE, surpassing the double-digit milestone. TPV increased 47% YoY, reaching R$ 290 billions. AuC reached R$ 105 billion, a 37% increase YoY. Inter&Co reported strong results with ...

[Management Report](index=4&type=section&id=Management%20report) [Company Overview](index=4&type=section&id=1.1%20Company%20Overview) Inter & Co, Inc. is a Cayman Islands-incorporated holding company that controls the Inter group, offering a comprehensive digital ecosystem of e-commerce and financial services across Brazil and the United States - Inter & Co, Inc. is a Cayman Islands holding company, controlling the Inter group and indirectly Banco Inter[3](index=3&type=chunk) - Inter provides e-commerce and financial services, including banking, investments, credit, insurance, cross-border banking, and a marketplace in Brazil and the US[4](index=4&type=chunk) [Operating Highlights](index=4&type=section&id=1.2%20Operating%20Highlights) The company reported significant customer growth, surpassing 33.3 million, and an increased activation rate of 55.3%. The loan portfolio also grew by 10.7% to R$33.0 billion - Total customers: **33.3 million** as of June 30, 2024[5](index=5&type=chunk) - Activation rate: **55.3%**, an increase of **3.1 percentage points** when compared to June 30, 2023[5](index=5&type=chunk) - Loan portfolio balance: **R$33.0 billion**, representing a positive variation of **10.7%** compared to December 31, 2023[5](index=5&type=chunk) [Economic and Financial Highlights](index=4&type=section&id=1.3%20Economic%20and%20Financial%20Highlights) Inter & Co achieved a substantial profit increase of 372.8% to R$417.9 million for the six-month period ended June 30, 2024, with revenues reaching R$2,879.5 million, up R$705.4 million YoY. Administrative and personnel expenses also increased **Profit for the period (H1 2024 vs H1 2023):** | Metric | 06/30/2024 (R$ million) | 06/30/2023 (R$ million) | Change (%) | | :----- | :---------------------- | :---------------------- | :--------- | | Profit | 417.9 | 88.388 | 372.8% | **Revenues (H1 2024 vs H1 2023):** | Metric | 06/30/2024 (R$ million) | 06/30/2023 (R$ million) | Change (R$ million) | | :------- | :---------------------- | :---------------------- | :------------------ | | Revenues | 2,879.5 | 2,174.1 | 705.4 | **Administrative and Personnel Expenses (H1 2024 vs H1 2023):** | Metric | 06/30/2024 (R$ million) | 06/30/2023 (R$ million) | Change (R$ million) | | :----------------------- | :---------------------- | :---------------------- | :------------------ | | Administrative & Personnel | (1,192.7) | (1,092.1) | (100.6) | [Equity Highlights](index=4&type=section&id=1.4%20Equity%20Highlights) Total assets grew by 10.3% to R$66.6 billion, and shareholder's equity increased by 13.3% to R$8.6 billion as of June 30, 2024, compared to December 31, 2023 **Total Assets (06/30/2024 vs 12/31/2023):** | Metric | 06/30/2024 (R$ billion) | 12/31/2023 (R$ billion) | Change (%) | | :---------- | :---------------------- | :---------------------- | :--------- | | Total Assets | 66.6 | 60.35 | 10.3% | **Shareholder's Equity (06/30/2024 vs 12/31/2023):** | Metric | 06/30/2024 (R$ billion) | 12/31/2023 (R$ billion) | Change (%) | | :---------------- | :---------------------- | :---------------------- | :--------- | | Shareholder's Equity | 8.6 | 7.6 | 13.3% | [Relationship with Independent Auditors](index=4&type=section&id=1.5%20Relationship%20with%20the%20independent%20auditors) Inter & Co maintains a policy for contractual risk analysis and an Audit Committee to ensure transparency, objectivity, and auditor independence. KPMG Auditores Independentes Ltda. confirmed its independence for the period ended June 30, 2024 - The Board of Directors evaluates transparency, objectivity, governance, and auditor independence for contractual risk analysis[7](index=7&type=chunk) - An Audit Committee evaluates the effectiveness of independent and internal audits[7](index=7&type=chunk) - KPMG Auditores Independentes Ltda. confirmed its independence and objectivity in conducting audit work for the period ended June 30, 2024[10](index=10&type=chunk) [Acknowledgment](index=5&type=section&id=1.6%20Acknowledgment) The management expressed gratitude to shareholders, customers, partners, and employees for their trust and contributions - Management thanked shareholders, customers, partners, and employees for their trust and contributions[11](index=11&type=chunk) [Independent Auditor's Report](index=6&type=section&id=Independent%20Auditor%27s%20Report) KPMG Auditores Independentes Ltda. reviewed Inter & Co's condensed consolidated interim financial information for the quarter ended June 30, 2024, in accordance with IAS 34. The review found no material misstatements, concluding the information is prepared in all material respects according to IAS 34 - KPMG Auditores Independentes Ltda. reviewed the condensed consolidated interim financial information of Inter & Co. Inc. for the quarter ended June 30, 2024[12](index=12&type=chunk) - The financial information was prepared in accordance with IAS 34 Interim Financial Reporting[13](index=13&type=chunk) - Based on the review, nothing came to attention that causes belief the information is not prepared, in all material respects, in accordance with IAS 34[14](index=14&type=chunk) [Unaudited Interim Condensed Consolidated Financial Statements](index=5&type=section&id=Unaudited%20interim%20condensed%20consolidated%20statements) [Unaudited Interim Condensed Consolidated Balance Sheets](index=5&type=section&id=Unaudited%20interim%20condensed%20consolidated%20balance%20sheets) As of June 30, 2024, total assets increased to R$66.57 billion from R$60.35 billion at December 31, 2023. Total liabilities also rose to R$57.97 billion from R$52.76 billion, while total equity increased to R$8.61 billion from R$7.60 billion **Total Assets:** | Date | Amount (R$ thousand) | | :----------- | :------------------- | | 06/30/2024 | 66,573,460 | | 12/31/2023 | 60,351,797 | **Total Liabilities:** | Date | Amount (R$ thousand) | | :----------- | :------------------- | | 06/30/2024 | 57,965,924 | | 12/31/2023 | 52,755,107 | **Total Equity:** | Date | Amount (R$ thousand) | | :----------- | :------------------- | | 06/30/2024 | 8,607,536 | | 12/31/2023 | 7,596,691 | [Unaudited Interim Condensed Consolidated Income Statements](index=8&type=section&id=Unaudited%20interim%20condensed%20consolidated%20income%20statements) For the six-month period ended June 30, 2024, the Group reported a profit of R$417.885 million, a significant increase from R$88.388 million in the same period of 2023. Revenues grew to R$2,879.540 million from R$2,174.148 million, driven by higher net interest income and income from securities and derivatives. Basic EPS increased to R$0.90 from R$0.15 **Profit for the period (R$ thousand):** | Period | 06/30/2024 | 06/30/2023 | | :------- | :--------- | :--------- | | Quarter | 222,664 | 64,172 | | Semester | 417,885 | 88,388 | **Revenues (R$ thousand):** | Period | 06/30/2024 | 06/30/2023 | | :------- | :--------- | :--------- | | Quarter | 1,478,599 | 1,150,034 | | Semester | 2,879,540 | 2,174,148 | **Basic Earnings Per Share (R$):** | Period | 06/30/2024 | 06/30/2023 | | :------- | :--------- | :--------- | | Quarter | 0.48 | 0.12 | | Semester | 0.90 | 0.15 | [Unaudited Interim Condensed Consolidated Statements of Comprehensive Income](index=9&type=section&id=Unaudited%20interim%20condensed%20consolidated%20statements%20of%20comprehensive%20income) Total comprehensive income for the six-month period ended June

PM Images | --- | --- | --- | --- | --- | --- | |-------|--------------------------------|---------|---------|---------|------------| | | | | | | | | | Asset Quality & Capitalization | Q1 2022 | Q1 2023 | Q1 2024 | Change | | NU | 15-90 days NPL | 3.7% | 4.4% | 5.0% | 130 bps | | | 90+ NPL | 3.5% | 5.5% | 6.3% | 280 bps | | | Tier 1 Ratio (%) | 17.5% | 15.8% | 12.7% | -478 bps | | INTR | 15-90 days NPL | 3.4% | 4.4% | 4.8% | 140 bps | | | 90+ NPL | 4.5% | 4.3% | 4.4% | -10 bps | | | Tier 1 Ratio (%) | 35.7% ...