Financial Performance - The total revenue for the six-month period ended June 30, 2022, reached R2,574.8million,anincreaseofR1,450.0 million compared to the same period in 2021, with a notable profit on securities growing by 287.7% to R754.9million[17].−ThecompanyrecordedanegativenetincomeofR13.3 million for the six-month period, an improvement from a negative net income of R33.2millioninthesameperiodof2021[15].−ThecompanyachievedrevenuesofR2,638,601 for the six-month period ended June 30, 2022, compared to R1,226,356forthesameperiodin2021,reflectingagrowthofapproximately115.5334,777 for the six-month period ended June 30, 2022, compared to a loss of R212,195inthesameperiodof2021,indicatingadeteriorationinperformance[73].AssetsandLiabilities−TotalassetsreachedR40.9 billion, representing an 11.7% growth compared to December 2021[19]. - Total liabilities rose to BRL 33,818,398 as of June 30, 2022, compared to BRL 28,176,554 at the end of 2021, marking a 20% increase[33]. - Cash and cash equivalents increased to BRL 1,549,158 as of June 30, 2022, compared to BRL 500,446 at the end of 2021, reflecting improved liquidity[33]. - The loan portfolio balance reached R19.5billion,reflectingapositivechangeof13.45.4 billion, a growth of 9.8%[13]. Shareholder Equity - Shareholders' equity totaled R7.1billion,showingareductionof18.41,161.3 million, an increase of R724.7millionfromthesameperiodin2021,attributedtotheexpansionofservicesandclientbasegrowth[18].CorporateActions−Thecompanycompletedtheacquisitionof100758,979, which includes R631,901incashandR37,644 in capital increase[76]. Financial Services Expansion - The acquisition of USEND allows Inter to expand its financial services in the U.S. market, integrating its solutions with the existing platform and targeting both U.S. residents and Brazilian customers[76]. - The company aims to operate as a multi-service digital bank, offering services such as real estate credit, payroll loans, corporate credit, and insurance[54]. Accounting and Financial Reporting - The company’s financial statements are prepared in accordance with IAS 34, with all amounts presented in thousands of Brazilian reais (BRL)[55]. - The new accounting standards effective from January 1, 2022, did not have a significant impact on the Group's financial statements[62]. - The Group recognizes revenue using a five-step model, with significant revenues derived from interchange fees and asset management activities[180]. Acquisitions and Goodwill - The fair value of identifiable assets acquired from USEND was R236,087,withtotalliabilitiesofR156,642, resulting in net identifiable assets of R79,445andgoodwillofR679,534[79]. - Goodwill from acquisitions represents the excess of transferred consideration over the fair value of identifiable net assets acquired, and is not amortized[151]. Risk Management - The expected credit loss is assessed using probability of default (PD), loss given default (LGD), and exposure at default (EAD) metrics[122]. - The Group recognizes expected credit losses on financial assets measured at amortized cost or fair value through other comprehensive income[119].