Inter & Co, Inc. (INTR) SEC Filings

Inter & Co, Inc. (INTR) received an amended Schedule 13G filing indicating that investment managers SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA., SQUADRA INVESTIMENTOS - GESTAO DE RECURSOS LTDA., and their control person Guilherme Mexias Ache, together report beneficial ownership of 16,056,009 Class A Common Shares, representing 4.9% of this class as of September 8, 2026.

The reporting group has shared voting power over 13,603,826 shares and shared dispositive power over 16,056,009 shares, with no sole voting or dispositive power. The securities are held by investment funds and managed accounts for which the investment managers provide discretionary advisory services, and all reporting persons disclaim beneficial ownership beyond what applicable rules may deem.

Inter & Co, Inc. (INTR) reported that investment managers Squadra Investimentos – Gestão de Recursos Ltda. and Squadra Investments – Gestão de Recursos Ltda. have notified the company that funds and non-resident investors they manage now hold 16,056,009 securities, representing 4.93% of Inter & Co’s Class A Common Shares.

The position comprises 13,903,097 Brazilian Depositary Receipts (INBR32) and 2,152,912 Class A Common Shares, all held on a cash basis, with 520,098 BDRs currently on loan. According to Squadra, these investments are not intended to alter Inter & Co’s control or management structure and are disclosed under Brazilian CVM Resolution No. 44.

Inter & Co, Inc. (INTR) is voluntarily discontinuing its Level II Sponsored Brazilian Depositary Receipts program (ticker INBR32) and later seeking cancellation of its registration with the Brazilian Securities and Exchange Commission as a category “A” foreign issuer. Holders of Level II BDRs will have a 30‑day Selection Period from September 17, 2026 through October 16, 2026 to choose among three options: receiving NASDAQ‑listed Class A shares INTR, receiving new Level I Unsponsored BDRs INBR34 on B3 at a 1‑for‑1 ratio, or, by inaction or invalid election, having the underlying shares sold on NASDAQ under a Sales Facility with cash proceeds in Brazilian reais, net of taxes. Level I Unsponsored BDRs begin trading on B3 on October 19, 2026, and cash payments from the Sales Facility are expected during the Subsequent Period from October 19, 2026 to November 17, 2026.

Inter & Co, Inc. (INTR) describes how it will discontinue its Sponsored Level II Brazilian Depositary Receipts (BDRs) program backed by its Class A common shares, following a decision by the Brazilian Securities Commission (CVM) Board of Commissioners.

The CVM partially granted Inter & Co’s request for a differentiated discontinuation procedure. Holders of Level II Sponsored BDRs will be able to choose among three paths: receipt of Class A ordinary shares traded on NASDAQ, receipt of Unsponsored Level I BDRs (INBR34) on a 1:1 basis backed by the same NASDAQ shares, or participation in a Sales Facility, under which the underlying NASDAQ shares will be sold and the cash proceeds delivered. The Sales Facility will be the default option for investors who do not make an election during the designated election period. Inter & Co states it will proceed under these terms and will publish the full schedule and procedural details to BDR holders within ten Brazilian business days from receipt of the CVM’s official letter.

Inter & Co, Inc. (INTR) is furnishing an event presentation detailing its Brazilian private payroll secured personal loan business. The material outlines a large addressable market within Brazil’s R$2.7 trillion secured personal loan segment and describes how regulatory changes from 2013–2025 have enabled fully digital payroll lending.

The company shows its private payroll loan portfolio rising from R$0.2 billion in 2Q25 to R$2.8 billion in 2Q26, with 629,000 active clients and an average ticket of R$4,500 and 33‑month average term. An illustrative P&L for a R$1.0 billion portfolio indicates net interest income of R$216 million, post‑provision NII of R$66 million, net income of R$32 million and an all‑in ROE of 32%, supported by NIM of 21.6%, cost of risk of 15% and an efficiency ratio of 10%.

The presentation also highlights that about 40% of private payroll customers also use FGTS withdrawal loans and that 25% hold more than one contract, positioning the product as a gateway to broader client engagement and higher ARPAC, while emphasizing that many figures are non‑IFRS and illustrative.

Inter&Co reported a record 2Q26 net income of R$421 million, up 34% from R$315 million in 2Q25, with ROE at 16.3% (up 240 bps year over year). Net revenue reached R$2.6 billion, growing 32% YoY, and gross revenue was R$4.6 billion, up 29%. All-in NIM 2.0 rose to 10.12%, helped by expansion in Private Payroll and credit card interest portfolios.

The franchise scaled efficiently: active clients reached 26.4 million (3.7 million added in 12 months) with a 58.3% activation rate, about 22 million daily logins and 32 million daily financial transactions. Cards and Pix TPV in 2Q26 was R$453 billion, with Pix market share around 9% and NPS of 88. Net ARPAC increased to R$35.5 per month, while cost to serve stayed near R$13.2, lifting margin per active client to R$22.2. The expanded loan portfolio grew 29% YoY to R$55.4 billion, though NPL >90 days increased to 5.1%, mainly from fast-growing Private Payroll loans. Funding remained strong at R$77 billion of deposits (24% YoY), with cost of funding at 66% of CDI and a Banco Inter Basel ratio of 14.4%. The company states it surpassed R$100 billion in total assets and “capital neutrality,” aligning its 2Q26 Rule of 50 mix of 31.7% net revenue growth and 16.3% ROE (sum 48).

Inter&Co, Inc. reported higher earnings for the six months ended June 30, 2026. Net income attributable to shareholders was R$815.9 million, up 35.6% year on year, on revenues of R$5.1 billion, a 32.2% increase. Basic earnings per share were R$1.85 versus R$1.37 a year earlier.

The customer base reached 45.3 million with a 58.3% activation rate. The loan portfolio totaled R$51.9 billion, 7.6% above December 31, 2025, while total funding was R$72.9 billion, 5.6% higher. Total assets were R$102.9 billion and shareholders’ equity R$10.6 billion, representing growth of 4.4% and 2.3%, respectively.

Credit costs increased, with impairment losses on financial assets of R$1,641,700 (amounts in thousands of Brazilian reais) for the semester compared with R$1,082,930 a year earlier, and administrative plus personnel expenses rose 17.2% to about R$1.8 billion. Extensive disclosures detail segment performance and risk, liquidity and capital management under IFRS.

Inter & Co, Inc. reports that its subsidiary Banco Inter S.A. has issued Subordinated Financial Bills totaling R$300,000,000.00 in transactions with professional investors. These "LFSN" instruments qualify as subordinated debt.

The Financial Bills may be redeemed in full at the issuer’s option from July 17, 2031 on each permitted repurchase date, generally subject to prior authorization from the Central Bank of Brazil. Under Central Bank Resolutions No. 122 and No. 5007, the issuance will compose the Additional Capital of Banco Inter’s Reference Equity, with an approximately estimated impact of 0.6 percentage points on its Basel Ratio, calculated on the capital base as of March 31, 2026.

Inter & Co, Inc. received an updated ownership report from Squadra Investments entities and Guilherme Mexias Ache regarding Class A Common Shares as of July 15, 2026. The group may be deemed to beneficially own 31,924,236 Class A shares, representing 9.8% of the class. They report 27,217,557 shares with shared voting power and 31,924,236 shares with shared dispositive power, and no sole voting or dispositive power. The shares are held by investment funds and managed accounts for which the investment managers have discretionary authority. Each reporting person disclaims beneficial ownership, even though control over voting and disposition may cause them to be treated as beneficial owners under applicable rules.