Inter & Co Reports Robust Financial Growth in 2024

Inter & Company Incorporation Class A ( (INTR) ) has issued an update.

Inter & Co, Inc. reported significant financial growth for the year ending December 31, 2024, with a notable increase in both customer base and financial metrics. The company’s customer count surpassed 36.1 million, and the loan portfolio reached R$35.6 billion, a 19.5% increase from the previous year. Total funding rose by 26.5% to R$55.1 billion. Financially, Inter & Co achieved a profit of R$972.8 million, representing a 176.2% increase, while revenues grew to R$6,400.2 million. Administrative expenses rose to R$(2,706.8) million, and total assets increased by 26.7% to R$76.5 billion, with shareholder equity also experiencing a 19.4% rise to R$9.1 billion.

More about Inter & Company Incorporation Class A

Inter & Co, Inc., a holding company incorporated in the Cayman Islands, operates within the e-commerce and financial services industry. The company offers a comprehensive digital ecosystem with services spanning banking, investments, credit, insurance, and cross-border banking, alongside a marketplace featuring major retailers from Brazil and the United States. As of June 2022, Inter & Co’s shares have been listed on Nasdaq under the ticker INTR and on B3 as INBR32.

YTD Price Performance: 28.47%

Average Trading Volume: 2,030,739

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $2.12B

Learn more about INTR stock on TipRanks’ Stock Analysis page.