Strong Revenue and Net Income Growth
Recurring net income reached BRL 6.1 billion, representing a 28.6% growth year-over-year. Total revenue was BRL 34 billion, up 15.1% year-on-year and 5.2% quarter-on-quarter.
Robust Loan Portfolio Growth
Expanded loan book reached BRL 1.018 trillion, growing 1.3% quarter-on-quarter and 11.3% year-on-year, with significant growth in Individuals and SMEs segments.
Fee and Commission Income Increase
Fee and commission income grew 10.6% year-on-year and 5.5% quarter-on-quarter, with notable increases in card income (almost 20% year-on-year) and consortium management (almost 21% year-on-year).
Insurance Group Performance
Insurance, pension plans, and saving bonds grew 6.5% quarter-on-quarter and 21.7% year-on-year, contributing to robust revenue streams.
Technology and Efficiency Improvements
Significant productivity gains through the use of Gen AI, leading to a 58% improvement in efficiency and a 94% increase in productivity.