Financial Data and Key Metrics Changes - In 2024, the company achieved a net income exceeding the total of all previous years combined, demonstrating significant profitability growth [7] - Total gross revenues reached over 10 billion reais, with net revenues of 6.4 billion reais, reflecting a 37% increase in net interest income (NII) and a 31% increase in net fees [43] - The company reported a net income of 973 million reais for the year, with an annual return on equity (ROE) of 11.7% [49] Business Line Data and Key Metrics Changes - The banking segment saw a total payment volume (TPV) increase of 45% year-over-year, reaching a run rate of 1.5 trillion reais [19] - The consumer finance portfolio grew to nearly 700 million reais, marking a 38% quarter-over-quarter increase [21] - The insurance vertical achieved a remarkable 312% growth, with over five million active contracts sold [25] - The marketplace segment experienced a 79% year-over-year growth in net revenues, with gross merchandise volume (GMV) reaching nearly five billion reais [26] Market Data and Key Metrics Changes - The company ended 2024 with over 36 million clients and a 57% activation rate, adding more than one million new active clients each quarter [18] - The global account client base reached 3.9 million, representing 19% of the active client base, with a 52% increase in deposit balances year-over-year [28] Company Strategy and Development Direction - The company is focused on leveraging technology and innovation to enhance market share in Brazil while executing a global expansion plan [50] - The 60-30-30 plan is being successfully implemented, aiming for improved efficiency and profitability [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining loan growth rates of 25% to 30% despite a cautious outlook from incumbent banks due to the high-rate environment in Brazil [55][60] - The company anticipates continued expansion in net interest margins (NIM) in 2025, driven by a favorable loan mix and disciplined capital deployment [62][66] Other Important Information - The company has been actively hiring new talent to enhance its capabilities, including key promotions and new appointments in the finance and business teams [14] - The company is committed to maintaining a low cost of funding, which is currently at 64% of the CDI [42] Q&A Session Summary Question: Outlook for loan growth and net interest margin in 2025 - Management indicated a cautious approach to credit underwriting but expects to maintain loan growth near 30% and a positive trend in NIM despite rising rates [55][60] Question: Expense growth and efficiency improvements - Management is committed to improving the efficiency ratio to 30% and is implementing cost reduction initiatives across the company [76][80] Question: Capital allocation and dividend policy - Management emphasized the importance of optimizing capital allocation while balancing growth and dividend payouts, aiming for a sustainable payout ratio [84][110] Question: Loan-to-deposit ratio and asset quality indicators - Management expects the loan-to-deposit ratio to remain stable, potentially increasing to around 80%, with a cost of risk projected to stay around 5% to 5.2% [95][97]

4Q24 Earnings Presentation EARNINGS PRESENTATION | 4Q24 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 ...

Inter & Co. Inc. (INTR) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this company would post earnings of $0.08 per share when it actually produced earnings of $0.10, delivering a surprise of 25%.Over the last four quarters, the company has s ...

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, up 35% YoY, while Total Gross Revenues surpassed the mark of R$ 10 billion in 2024.Net Interest Margin of 9.7% ...

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 ...