Inter & Company Incorporation Class A (INTR)
NASDAQ:INTR
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Inter & Company Incorporation Class A
(NASDAQ:INTR)
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Rating:71Outperform
Price Target:
$9.50
▲(1.82% Upside)
Action:UpgradedDate:04/20/26
The score is driven primarily by improving financial performance (turnaround to sustained profitability and solid cash generation) and a constructive earnings call outlook focused on ROE/efficiency gains. The main offsets are rising balance-sheet leverage and credit-risk/fee-pressure items flagged on the call, while technicals and valuation appear broadly neutral rather than strongly supportive.
Positive Factors
Scale & engagement (super‑app)
Large and rapidly growing user base with very high engagement creates durable network effects for cross‑selling banking, payments and commerce. Scale lowers unit costs, increases ARPA potential across products, and strengthens competitive moats versus smaller niche rivals over multiple years.
Negative Factors
Rising leverage
Rapid balance‑sheet expansion financed with more debt increases funding and solvency sensitivity to interest‑rate or market stress. Higher leverage reduces capital flexibility to absorb credit losses or pursue opportunistic investments, making the franchise more exposed to macro or funding shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale & engagement (super‑app)
Large and rapidly growing user base with very high engagement creates durable network effects for cross‑selling banking, payments and commerce. Scale lowers unit costs, increases ARPA potential across products, and strengthens competitive moats versus smaller niche rivals over multiple years.
Read all positive factors
Inter & Company Incorporation Class A (INTR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.53B
Dividend Yield0.97%
Average Volume (3M)3.13M
Price to Earnings (P/E)15.9
Beta (1Y)0.67
Revenue Growth41.24%
EPS Growth38.68%
CountryUS
Employees4,030
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.17
Shares Outstanding324,284,550
10 Day Avg. Volume3,629,427
30 Day Avg. Volume3,127,235
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)2.01
Price to Sales (P/S)1.40
P/FCF Ratio6.82
Enterprise Value/Market Cap10.24
Enterprise Value/Revenue2.48
Enterprise Value/Gross Profit5.95
Enterprise Value/Ebitda19.45
Forecast
1Y Price Target
$11.50Price Target Upside23.26% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.81
Revenue Forecast (FY)$2.08B
Inter & Company Incorporation Class A Business Overview & Revenue Model
Company Description
Inter & Co, Inc., through its subsidiaries, engages in the banking, securities, insurance brokerage, marketplace, asset management, and services businesses. The company's Banking segment offers banking products and services, including checking acc...
How the Company Makes Money
Inter & Co primarily makes money through a mix of (1) net interest income and (2) fee and service revenues, supported by (3) commerce/marketplace and other platform monetization. Net interest income is generated from the spread between interest ea...
Inter & Company Incorporation Class A Key Performance Indicators (KPIs)
Inter & Company Incorporation Class A Earnings Call Summary
Earnings Call Date:Feb 11, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The call presented a strongly positive operational and financial performance: robust loan growth (36% YoY), significant revenue and margin expansion (gross revenues +45% YoY, NII +41% YoY), record client acquisition and engagement metrics, improved efficiency and profitability (net income BRL 1.3bn and ROE >15%), and major strategic milestones (US bank license, Cayman branch). Challenges remain around fee income dynamics, certain expense increases (notably one‑offs and D&A), evolving private‑payroll asset quality as cohorts mature, and competitive pressure in some fee businesses. Management articulated clear actions (AI, product initiatives, capital management, investor day deep dives) to address those issues, indicating momentum to continue into 2026.Positive Updates
Strong Top-Line Revenue Growth
Total gross revenues reached BRL 15,000,000,000, a 45% year‑over‑year increase; net revenues grew 31% YoY to BRL 8,400,000,000, driven primarily by credit portfolio expansion (NII +41% YoY).
Negative Updates
Fee Income Compression and Moderated Fee Growth
Fee income ratio compressed from ~30% in 2024 to 25% in 2025; net fee revenues grew only 9% YoY (partly impacted by accounting rule changes and one-offs), moderating non‑interest revenue growth versus strong NII expansion.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Top-Line Revenue Growth
Total gross revenues reached BRL 15,000,000,000, a 45% year‑over‑year increase; net revenues grew 31% YoY to BRL 8,400,000,000, driven primarily by credit portfolio expansion (NII +41% YoY).
Read all positive updates
Company Guidance
Management reiterated the five‑year "6‑30‑30" ambition (targeting ~30% ROE by 2027) and said the company is on track — ROE is ~15% (about halfway), the efficiency ratio has fallen from ~73% to ~45.5%, and the credit portfolio grew from BRL22bn to BRL48bn; they also confirmed a 20% dividend payout policy. For 2026 they signaled direction rather than firm guidance: expect loan growth in the ~25–30% range (after 36% in 2025), continued NIM expansion and further efficiency improvement, and a cost of risk around 5.5–6.0%. Management also highlighted ample capital (bank CET1 ~14.4% with ~BRL2.0bn excess at the holding, ~19% combined CET1) and said a deeper investor presentation on timing and levers will be provided at Investor Day.Inter & Company Incorporation Class A Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 14.62B | 9.71B | 7.64B | 5.54B | 2.77B |
| Gross Profit | 6.20B | 4.60B | 3.21B | 2.48B | 1.63B |
| EBITDA | 1.93B | 1.41B | 600.28M | -14.60M | -172.72M |
| Net Income | 1.29B | 907.13M | 302.34M | -11.09M | -72.67M |
Balance Sheet | |||||
| Total Assets | 98.56B | 76.46B | 60.35B | 46.34B | 36.63B |
| Cash, Cash Equivalents and Short-Term Investments | 11.00B | 27.76B | 20.51B | 15.55B | 16.05B |
| Total Debt | 29.63B | 11.86B | 9.33B | 8.29B | 4.71B |
| Total Liabilities | 88.17B | 67.39B | 52.76B | 39.25B | 28.18B |
| Stockholders Equity | 10.16B | 8.90B | 7.47B | 6.99B | 2.66B |
Cash Flow | |||||
| Free Cash Flow | 3.00B | 3.25B | 7.27B | 1.82B | -196.34M |
| Operating Cash Flow | 3.11B | 3.76B | 7.54B | 2.10B | 91.64M |
| Investing Cash Flow | -14.47B | -7.73B | -4.67B | -50.81M | -7.18B |
| Financing Cash Flow | 13.87B | 683.04M | -38.68M | -1.22B | 5.43B |
Inter & Company Incorporation Class A Technical Analysis
Positive
9.33
Price Trends
8.39
Positive
8.50
Negative
8.36
Positive
Market Momentum
0.02
Negative
53.50
Neutral
77.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INTR, the sentiment is Positive. The current price of 9.33 is above the 20-day moving average (MA) of 8.15, above the 50-day MA of 8.39, and above the 200-day MA of 8.36, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 53.50 is Neutral, neither overbought nor oversold. The STOCH value of 77.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | $3.96B | 11.25 | 9.41% | 3.02% | 4.34% | 29.58% | |
77 Outperform | $4.33B | 14.47 | 9.93% | ― | 3.26% | 329.26% | |
71 Outperform | $3.53B | 15.89 | 13.86% | 0.97% | 41.24% | 38.68% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $4.12B | 41.86 | 4.79% | 8.04% | 4.72% | 11.59% | |
61 Neutral | $4.65B | 16.63 | 9.21% | 2.72% | 62.59% | ― | |
58 Neutral | $5.27B | 13.33 | 9.57% | 3.03% | -0.72% | 52.65% |
* Financial Sector Average
INTR
Inter & Company Incorporation Class A
8.00
1.49
22.94%
TCBI
Texas Capital Bancshares
99.13
30.59
44.63%
TFSL
TFS Financial
14.68
2.73
22.80%
UCB
United Community Banks
33.08
6.39
23.95%
AVAL
Grupo Aval Acciones y Valores SA Pfd
4.62
1.97
74.21%
EBC
Eastern Bankshares
19.90
5.49
38.12%
Inter & Company Incorporation Class A Corporate Events
Inter & Co’s Banco Inter Raises R$300 Million via Perpetual Subordinated Notes
Apr 8, 2026
Inter Co, Inc., through its subsidiary Banco Inter S.A., announced that Banco Inter issued subordinated financial bills in Brazil on April 8, 2026, targeting professional investors. The issuance consists of perpetual Tier I notes totaling R$300 m...
Inter & Co Calls April 29 AGM, Seeks Board Reappointments and Governance Changes
Mar 27, 2026
Inter Co, Inc. has called its 2026 Annual General Meeting for April 29, 2026, to be held virtually and at its Belo Horizonte offices, setting March 23, 2026 as the record date for shareholders entitled to participate. The agenda includes approval...
Inter & Co Confirms March 13 Dividend Payout for Brazilian Depositary Receipt Holders
Mar 6, 2026
On March 6, 2026, Inter Co, Inc. detailed the cash dividend payment to holders of its Brazilian Depositary Receipts, following a declaration made on February 11, 2026 of a USD 0.113101823 dividend per common share, with each BDR representing one ...
Inter & Co Approves Cash Dividend From 2025 Profits for Global and BDR Investors
Feb 11, 2026
Inter Co, Inc. announced on February 11, 2026 that its board approved a cash dividend of USD 0.113101823 per common share, to be paid on March 5, 2026 to shareholders of record as of February 22, 2026. This distribution, drawn from 2025 profits, ...
Inter & Co Reports Strong 2025 Growth in Profits, Loans and Funding
Feb 11, 2026
Inter Co on February 11, 2026 filed consolidated financial statements for the years ended December 31, 2025 and 2024, detailing another year of rapid expansion in its digital banking and super‑app franchise. As of December 31, 2025, the gro...
Inter & Co Files 4Q25 Results as Growth and U.S. Bank License Mark New Phase
Feb 11, 2026
Inter Co filed its December 2025 Form 6-K on February 11, 2026, furnishing its fourth-quarter and full-year 2025 earnings release and presentation, which detail the group’s operating and financial performance. The filing underscores continu...
Inter & Co Moves to End Sponsored Level II BDRs and Shift to Unsponsored Level I Program
Jan 26, 2026
On January 26, 2026, Inter Co, Inc. announced that its board has decided to begin discontinuing its Sponsored Level II Brazilian Depositary Receipts (BDR) program and to transition to an Unsponsored Level I BDR structure, subject to approval by B...
Inter & Co Overhauls Senior Management Structure to Reflect Global Reporting Lines
Jan 26, 2026
On January 26, 2025, Inter Co, Inc. announced that its Board of Directors approved changes to the company’s officer positions to align its management structure with the executives who now report directly to the Global Chief Executive Office...
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.