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Inter & Company Incorporation Class A
(NASDAQ:INTR)
Select Model
Select Model
Rating:67Neutral
Price Target:
$5.50
▲(3.97% Upside)
Action:Reiterated
Date:08/10/26
Overall score reflects improving fundamentals and a constructive earnings-call outlook (sustained profitability, strong YoY growth and efficiency gains), plus supportive valuation (low P/E and a dividend). These positives are tempered by elevated balance-sheet/credit risk signals (rising leverage and payroll-loan delinquency/coverage pressure) and weak technicals with the stock trading below key moving averages and negative momentum.
Positive Factors
Large, engaged super‑app user base
A 45.3 million client base with ~22 million daily log-ins creates durable network effects and deep engagement. High activity lowers incremental acquisition costs, supports cross‑selling of loans, cards and marketplace services, and underpins recurring fee and transaction revenue over months to years.
Negative Factors
Rising leverage and balance‑sheet sensitivity
Higher leverage amplifies returns in good cycles but increases sensitivity to credit and funding stress. Management also noted leverage metrics (reported leverage rising toward ~9.7x), which can constrain capital actions and elevate refinancing and regulatory risk if macro or credit conditions deteriorate over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Large, engaged super‑app user base
A 45.3 million client base with ~22 million daily log-ins creates durable network effects and deep engagement. High activity lowers incremental acquisition costs, supports cross‑selling of loans, cards and marketplace services, and underpins recurring fee and transaction revenue over months to years.
Read all positive factors
Inter & Company Incorporation Class A Key Performance Indicators (KPIs)
Any
Active Clients
Number of clients actively using the company's products or services over a set period; a direct signal of adoption, recurring revenue potential, and customer retention. Growth in active clients points to expanding market traction, while declines or stagnation can indicate rising churn or product-market issues.
Number of clients actively using the company's products or services over a set period; a direct signal of adoption, recurring revenue potential, and customer retention. Growth in active clients points to expanding market traction, while declines or stagnation can indicate rising churn or product-market issues.
Data provided by:
The Fly
The FlyInter & Company Incorporation Class A (INTR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.22B
Dividend Yield2.17%
Average Volume (3M)4.76M
Price to Earnings (P/E)7.7
Beta (1Y)0.59
Revenue Growth51.13%
EPS Growth47.31%
CountryUS
Employees4,030
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.50
Shares Outstanding324,284,550
10 Day Avg. Volume4,529,783
30 Day Avg. Volume4,756,419
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)2.01
Price to Sales (P/S)1.42
P/FCF Ratio6.82
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$9.13Price Target Upside72.65% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.79
Revenue Forecast (FY)$2.09B
Inter & Company Incorporation Class A Business Overview & Revenue Model
Company Description
Inter & Co, Inc., a Brazilian enterprise established in 1994 and headquartered in Belo Horizonte, conducts a broad array of operations through its subsidiary companies. Its diverse business model encompasses banking, investment services, insurance...
How the Company Makes Money
null...
Inter & Company Incorporation Class A Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 10, 2026
Earnings Call Sentiment Positive
The call conveyed strong execution: sustained double-digit revenue growth (32% YoY), record profitability (net income BRL 421m, ROE 16.3%), NIM expansion to 10.1% and clear operational leverage (revenues +32% vs expenses +19%), alongside market share gains, rapid client engagement and a strengthened funding franchise. Offsetting these positives were elevated delinquencies concentrated in private payroll loans, a falling coverage ratio to ~134%, quarter-to-quarter NIM volatility from inflation-hedge timing and securities income, increased leverage (6.7x to 9.7x), and continuing amortization expense from Super App investments. Management presented concrete remediation actions for private payroll (relinkage, credit insurance launch, policy tuning) and maintained guidance on cost-of-risk and NIM trajectory, indicating confidence in returning trends. Overall, highlights materially outweighed the lowlights, though the latter merit monitoring in coming quarters.Positive Updates
Strong Top-Line Growth
Total net revenue grew 32% year-over-year; NII has grown ~40% YoY for 8 consecutive quarters, demonstrating consistent revenue momentum.
Negative Updates
Asset Quality Pressure Driven by Private Payroll
NPLs and Stage 3 formation increased year-over-year with private payroll loans responsible for over half of the yearly NPL increase; delinquency in private payroll has been higher for longer than expected due to operational maturity delays.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Top-Line Growth
Total net revenue grew 32% year-over-year; NII has grown ~40% YoY for 8 consecutive quarters, demonstrating consistent revenue momentum.
Read all positive updates
Company Guidance
Management reiterated that the company will continue to pursue high growth and improving profitability under the Rule of 50 and 60‑30‑30 North Star, targeting sustained ~30%+ growth for “many years,” a further NIM uplift (NIM reached 10.1% this quarter; management expects an annual NIM increase of ~40 bps year‑on‑year with quarter‑to‑quarter timing effects of roughly ±15 bps), cost of risk around ~6%, coverage of roughly 130–135% (current ~134%), and continued efficiency gains toward a long‑run 30% efficiency ratio (record low 42.1% this quarter) while accelerating fee income initiatives. Key metrics cited alongside this guidance: revenue +32% YoY, NII growth ~40% YoY for eight consecutive quarters, net income BRL 421m and ROE 16.3% (long‑term ROE target 30%), 45.3m clients (+3.7m last 12 months) with 22m daily logins, deposits per active client BRL 2,000.80, total assets >BRL100bn, total funding BRL 77.2bn, expanded loan portfolio BRL 55.4bn (+29% YoY, +5% QoQ), cards+PIX TPV run‑rate BRL 1.8tn (credit‑card TPV >2%; fixed transactions ~9% market share, +31 bps YoY), private‑payroll >600k clients (ARPAC 3.7x average), leverage ~9.7x, and EUR 2.3bn excess capital at the holding (Basel ~19.3%), with the business now described as capital‑generating and self‑sustaining.Inter & Company Incorporation Class A Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
60
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.71B | 14.38B | 9.71B | 7.64B | 5.54B | 2.77B |
| Gross Profit | 6.75B | 5.98B | 4.60B | 3.21B | 2.48B | 1.63B |
| EBITDA | 2.17B | 1.96B | 1.41B | 600.28M | -14.60M | -172.72M |
| Net Income | 1.54B | 1.31B | 907.13M | 302.34M | -11.09M | -72.67M |
Balance Sheet | ||||||
| Total Assets | 102.75B | 98.56B | 76.46B | 60.35B | 46.34B | 36.63B |
| Cash, Cash Equivalents and Short-Term Investments | 10.40B | 11.00B | 27.76B | 20.51B | 15.55B | 16.05B |
| Total Debt | 32.60B | 29.63B | 11.86B | 9.33B | 8.29B | 4.71B |
| Total Liabilities | 92.13B | 88.17B | 67.39B | 52.76B | 39.25B | 28.18B |
| Stockholders Equity | 10.51B | 10.16B | 8.90B | 7.47B | 6.99B | 2.66B |
Cash Flow | ||||||
| Free Cash Flow | 1.86B | 3.00B | 3.25B | 7.27B | 1.82B | -196.34M |
| Operating Cash Flow | 1.93B | 3.11B | 3.76B | 7.54B | 2.10B | 91.64M |
| Investing Cash Flow | -8.48B | -14.47B | -7.73B | -4.67B | -50.81M | -7.18B |
| Financing Cash Flow | 9.21B | 13.87B | 683.04M | -38.68M | -1.22B | 5.43B |
Inter & Company Incorporation Class A Technical Analysis
Negative
5.29
Price Trends
5.56
Negative
6.48
Negative
7.59
Negative
Market Momentum
-0.10
Positive
36.02
Neutral
15.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INTR, the sentiment is Negative. The current price of 5.29 is below the 20-day moving average (MA) of 5.50, below the 50-day MA of 5.56, and below the 200-day MA of 7.59, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 36.02 is Neutral, neither overbought nor oversold. The STOCH value of 15.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for INTR.
Inter & Company Incorporation Class A Risk Analysis
Inter & Company Incorporation Class A disclosed 73 risk factors in its most recent earnings report. Inter & Company Incorporation Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Inter & Company Incorporation Class A Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $5.34B | 13.27 | 9.00% | 2.36% | 56.05% | ― | |
78 Outperform | $4.38B | 13.06 | 10.04% | 0.20% | 3.11% | 205.59% | |
75 Outperform | $4.39B | 12.01 | 10.33% | 2.84% | 4.05% | 38.82% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $2.22B | 7.75 | 15.20% | 2.14% | 51.13% | 47.31% | |
67 Neutral | $4.89B | 48.10 | 5.32% | 6.21% | 6.03% | 23.42% | |
59 Neutral | $6.28B | 11.81 | 9.35% | 3.19% | 6.14% | 29.21% |
* Financial Sector Average
INTR
Inter & Company Incorporation Class A
5.22
-2.85
-35.29%
TCBI
Texas Capital Bancshares
100.83
16.41
19.44%
TFSL
TFS Financial
17.57
5.38
44.12%
UCB
United Community Banks
36.76
6.17
20.15%
AVAL
Grupo Aval Acciones y Valores SA Pfd
5.40
2.31
74.87%
EBC
Eastern Bankshares
23.52
7.89
50.46%
Inter & Company Incorporation Class A Corporate Events
Inter & Co Posts Strong First-Half 2026 Growth in Customers, Loans and Profit
Aug 5, 2026
Inter Co, Inc., the Cayman Islands–based holding company behind Brazilian digital bank Banco Inter S.A., reported interim condensed consolidated financial information for the period ended June 30, 2026. Through its Nasdaq-listed and B3-trad...
Inter & Co Delivers Record 2Q26 Earnings with Rule of 50 and 29% Loan Growth
Aug 5, 2026
In the second quarter of 2026, Inter Co reported what it called its strongest quarter to date, highlighting 32% year-on-year net revenue growth and a return on equity of 16.3%, together forming its “Rule of 50” performance milestone. ...
Inter & Co’s Banco Inter Boosts Capital With R$300 Million Subordinated Issue
Jul 18, 2026
On July 17, 2026, Inter Co announced that its banking subsidiary Banco Inter S.A. issued R$300 million in subordinated financial bills in a private placement to professional investors. These instruments qualify as additional capital under Brazili...
Inter & Co Discloses Squadra’s 9.8% Stake in Class A Shares
Jul 17, 2026
Inter Co, Inc., a Brazil-based digital financial services and banking group listed on B3 and Nasdaq, issues Class A common shares and Brazilian Depositary Receipts that are actively traded by local and global investors. The company operates under...
Inter & Co Files Form 6-K, Showcasing 2025 Growth in Digital Banking Super App
Jun 29, 2026
Inter Co, Inc. filed a Form 6-K with the U.S. Securities and Exchange Commission for May 2026, furnishing its 2025 Annual Report and underscoring its role as a major digital financial services player operating from Brazil under a Cayman holding s...
Inter & Co’s Banco Inter Wins Florida License for New Miami Branch
Jun 5, 2026
On June 5, 2026, Inter Co, Inc. announced that its subsidiary Banco Inter S.A. has secured a license from the Florida Office of Financial Regulation to launch and operate a state-licensed branch in Miami. This follows prior approvals from the Fed...
Inter & Co Discloses Squadra Investimentos Building 10.07% Stake in Class A Shares
May 22, 2026
On May 22, 2026, Inter Co disclosed that asset manager Squadra Investimentos has accumulated 32,806,391 securities, representing 10.07% of the company’s Class A common shares through a combination of Brazilian depositary receipts and direct...
Inter & Co Showcases Three-Year Gains and Owners’ Day 2026 Strategy
May 11, 2026
Inter Co held its 2026 Owners’ Day event on May 8, 2026, and reported strong progress over the past three years toward its long-term “60/30/30” financial targets, with growing client numbers, improving efficiency and advancing r...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.