Inter (INTR) Reports Q3 2026 Profit Growth Driven by Net Interest Income and Client Expansion
Inter & Co, Inc. (INTR) achieved its 14th consecutive quarter of profit expansion, reporting a net income of BRL 425 million, a 26% increase year-over-year. The company's revenue rose 26% to BRL 2.7 billion, bolstered by strong net interest income and a growing client base that reached 46.8 million users. Key drivers included significant growth in real estate loans (up 37%) and private payroll loans (up 147%). Despite the robust top-line performance, management noted rising credit risks, with Non-Performing Loans (NPL) over 90 days increasing to 5.3% due to rapid expansion in high-yield segments. CEO João Vitor Menin highlighted a challenging macroeconomic environment in Brazil as a primary risk factor. However, operational efficiency remains strong, supported by AI integration which helped maintain a stable cost to serve.
Topics: Loan Portfolio Expansion Net Income Revenue Growth User Growth