Inter&Co Inc. Reports Highest Ever Net Income of R$973M in 2024

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$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]