Welcome to our dedicated page for Inter & Co news (Ticker: INTR), a resource for investors and traders seeking the latest updates and insights on Inter & Co stock.
Inter & Co. Inc. (NASDAQ: INTR) generates a steady flow of news as a digital bank and financial super app active across the Americas. Company updates often center on its expanding customer base, financial performance, and the evolution of its app-based ecosystem, which combines banking, credit, investments, insurance, and digital commerce in one platform.
Investors following INTR news will frequently see quarterly earnings releases, where Inter & Co reports metrics such as client growth, net income, efficiency ratios, and return on equity. These reports also highlight the performance of its credit portfolio, asset quality indicators, and the contribution of fee and interest income across its banking and super app verticals.
Beyond earnings, Inter & Co news includes developments in ratings and capital markets. Rating agencies such as Moody’s and S&P Global Ratings have issued local ratings and outlooks for Banco Inter in Brazil, with company announcements summarizing the rationale, including profitability trends, revenue diversification, and risk management. The company also discloses actions like the issuance of subordinate financial bills and notices of relevant equity purchases or sales through regulatory filings.
Strategic and operational announcements are another key theme. Inter & Co has reported transactions such as acquiring the remaining stake in Granito, a merchant acquirer serving small and medium-sized enterprises in Brazil, and has discussed its focus on a long-term plan often referred to as the 60/30/30 plan. Updates may also touch on new products within its super app, cross-border tools, marketplace enhancements, and brand-building initiatives in markets like the United States.
For anyone tracking INTR, the news stream offers insight into how Inter & Co is scaling its financial super app model, managing credit risk, and positioning itself within the regional banks and broader financial services landscape.
Inter&Co (NASDAQ: INTR | B3: INBR32) announced that Banco Inter S.A. signed an agreement to acquire the remaining 50% of Granito, a merchant acquirer serving over 100,000 SMEs in Brazil. This $110 million BRL transaction aims to enhance Inter's financial super app and strengthen its position in the Brazilian market. The acquisition, pending approval from the Central Bank of Brazil and CADE, is expected to create operational synergies and facilitate cross-selling opportunities. Granito will be renamed Inter Pag, aligning with Inter's strategy to offer comprehensive digital financial solutions.
S&P Global Ratings has upgraded Banco Inter's outlook to 'Stable' and reaffirmed its 'brAA+' local rating. The upgrade is based on improved profitability, revenue diversification, and a larger loan portfolio. Inter&Co, listed on NASDAQ as INTR, serves over 32 million customers. The company reported record net income for Q1 2024, eight times higher than the same period in 2023. CEO Joao Vitor Menin highlighted their focus on technology to enhance efficiency and profitability, aligning with their 60/30/30 goal.
Inter&Co Inc. reported record net income of R$195 million and a 37% YoY increase in net revenue for the first quarter of 2024. The company showcased strong financial performance, with a 5th consecutive quarter of increased account activations, reaching 54.9%, and total gross revenue of R$2.3 billion. Inter&Co's efficiency ratio improved to 47.7%, with a record ROE of 9.7%. The Global Account, Loop loyalty program, and new credit lines were noted as successful initiatives driving revenue growth. The company's CEO emphasized the success of their platform's scalability and innovation.
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