Inter & Co Inc (FRA:QN7)

Q4 2024 Inter & Co Inc Earnings Call (English, Portuguese) Transcript

Feb 6, 2025 / 04:00 PM GMT

Release Date Price: €5.2 (+6.12%)

Transcript

Key Points

Positve

Inter & Co Inc (INTR) achieved a record net income in 2024, surpassing all previous years combined, demonstrating the success of their business model.
The company experienced significant growth in its digital payroll offering, which now accounts for more than 50% of new underwritings.
Inter & Co Inc (INTR) expanded its global client base to 3.9 million, driven by an attractive value proposition and the launch of new products like dollar credit cards.
The company reported a 45% year-over-year increase in total payment volume (TPV), reaching a 1.5 trillion R$ run rate.
Inter & Co Inc (INTR) successfully executed the second year of its 6 30 30 plan, focusing on growth and innovation across its platform.

Negative

Despite improvements, the company's efficiency ratio remains a challenge, with a target to reach 30% in the long term.
Inter & Co Inc (INTR) faces a high cost of risk, with a cost of risk metric at 5.0%, which could impact profitability.
The company's core tier one ratio decreased to 15.2%, raising concerns about capital adequacy and future growth funding.
There is pressure on the company's funding costs due to competition, which could impact net interest margins.
Inter & Co Inc (INTR) has a relatively low loan-to-deposit ratio compared to incumbent banks, indicating potential under-leverage.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

INTR.OQ - Inter & Co Inc
Q4 2024 Inter & Co Inc Earnings Call (English, Portuguese)
Feb 06, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon and thank you for standing by. Welcome to Intercos fourth quarter of 2024 earnings conference call. Today's speakers are Joan Vitter Menen enters global CEO Alexandre Rico Brazils, CEO Santiago Stel, Senior Vice President and CFO please be advised that today's conference is being recorded and a replay will be available at the company's IR website.

At this time. All participants are in listen-only mode. After the prepared remarks, there will be a question and answer session for this session. We ask you to write down your question via the Q&A icon your screen. Your name will then be announced and you will be able to ask your question live.

At that point. A request to activate your

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