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 has expanded its Board of Directors, appointing Antonio Kandir, Todd Chapman, and Lorival Luz as new interim directors, bringing the total members to ten. This decision follows a strategic plan aimed at growth and profitability, with appointments subject to shareholder approval in April. Kandir, a former Minister, brings significant economic expertise; Chapman, a former U.S. diplomat, will support international expansion; and Luz, former CEO of BRF, has extensive finance experience. The company thanks retiring directors Thiago Piau and Carlos Medeiros for their contributions.
Inter&Co (NASDAQ: INTR | B3: INBR32) has acquired 100% of YellowFi Mortgage LLC and YellowFi Management LLC, expanding its offerings in real estate investing for clients in the US and Brazil. The acquisition aims to enhance Inter's financial services to over 25 million clients, with YellowFi’s fund managing residential mortgage loans since 2018. Cassio Segura, formerly of Banco do Brasil Americas, joins Inter's executive team to drive this initiative. This strategic move reflects Inter's commitment to inorganic growth, adding complementary, capital-light capabilities to its ecosystem.
Inter&Co (Nasdaq: INTR) announced that StoneCo has sold 16,829,094 shares, representing 4.20% of Inter&Co's total shares. This marks the complete divestment of StoneCo's remaining stake in the company. The share sale, executed in the open market, is anticipated to enhance liquidity for Inter&Co shares. The company operates as a premier Super App in the Americas, delivering a broad range of financial and digital commerce services to over 25 million customers across Brazil and the US.
Inter&Co has laid out its ambitious "60-30-30" growth plan to significantly enhance its market position by 2027. The plan aims to expand its client base from 24 million to 60 million, maintain a 30% efficiency ratio, and achieve a return on equity (ROE) of 30%. Inter targets a long-term net income of over
Inter&Co, a leading Super App providing financial and digital commerce services, will host its Investor Day on January 18, 2023, from 7:00 AM ET to 11:00 AM ET. Investors can register via their Investor Relations website. The event will cover Inter's strategy, financial performance, and global expansion, including the recent acquisition of USEND. Inter reported an impressive 47% growth in its Loan Portfolio and R$1.5 billion in Gross Revenue, up 85% year over year.
Inter&Co, a Brazilian Super App, has joined Amazon's Payment Service Provider (PSP) Program, enabling Brazilian sellers on Amazon US to process payments directly through their Inter accounts. This move enhances Inter's capabilities and supports Brazilian entrepreneurs. With 28 providers in the program, Inter's certification marks a significant achievement. Aloisio Matos, Head of Cross-Border at Inter, emphasized the importance of this milestone amid Brazil's rapid e-commerce growth and digital payment adoption. Inter is positioned to leverage these trends to benefit its users.
Inter&Co (NASDAQ: INTR) reported strong Q3 2022 results, achieving the highest adjusted net income of R$23 million in the past four quarters. The gross loan portfolio surged 47% YoY to R$22 billion, alongside an impressive 84% YoY increase in total gross revenues, surpassing R$1.5 billion. Client growth was notable with 2.1 million new clients added, reaching a total of 22.8 million, while maintaining low customer acquisition costs (R$28). The company also launched the first 'invest now, pay later' platform in Brazil, enhancing its innovative service offerings.
Inter&Co (Nasdaq: INTR) has announced a partnership with New York City Football Club (NYCFC) as its Official Remittances Partner. This collaboration aims to enhance fan experiences during the 2023 MLS season, targeting NYC's 6.5 million soccer fans. The partnership is notable as it follows Inter's recent acquisition of a remittance fintech and its NASDAQ listing in June. NYCFC's commitment to community access aligns with Inter's focus on affordable remittance services for immigrant populations. Inter's remittance services cover over 60 countries, supporting cross-border payments from the U.S., Brazil, and Canada.
Inter&Co (Nasdaq: INTR) has rebranded its recently acquired remittances business to Inter and plans to expand its services in the US. The company now offers secure cross-border payments for over 150,000 customers across 40 states, facilitating transactions to more than 60 countries.
With this rebranding, clients will experience an improved app interface and will have access to features like e-gifts and cashback. The launch of an international account for Brazilian customers aims to enhance financial freedom for those traveling or living abroad.
Inter&Co (NASDAQ: INTR) reported a strong financial performance for Q2 2022, achieving total gross revenues of nearly R$1.5 billion, a 130% YoY increase. The company surpassed 20 million clients, up 73% YoY. The gross loan portfolio grew to R$19.5 billion, a 56% increase. Cost-to-income ratio improved to 72%, down 19 percentage points YoY. Net income stood at R$16 million. Inter&Co also launched its global account feature, facilitating international transactions for Brazilian clients.
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