Inter&Co Delivers Record 3Q26 Net Income of US$76.1 Million, With Strong Growth, Higher Margin and Better Efficiency
Key Highlights
- ➤Net income reached US$76.1 million, up 26% year-over-year, a record high
- ➤Net revenue reached US$483 million, up 26% year-over-year
- ➤Credit portfolio reached US$10.39 billion, up 25% year-over-year
- ➤NIM reached 9.96%, approximately 70 bps above 3Q25
- ➤Efficiency ratio improved to 41.9%, down 322 bps year-over-year
Expert Statements
João Vitor Menin, Global CEO of Inter&Co
“Our 3Q26 results reflect the strength of the model we have built over the last ten years. The strength of our banking, paired with top-class technology, feeds our customer flywheel, where every interaction feeds the next. The more a client's financial life sits with Inter, the more we learn, and the better we serve that client. After ten years and a few credit cycles, I can say with confidence that the BanTech model works.”
João Vitor Menin, Global CEO of Inter&Co
“Our model stands on four pillars: a fortress balance sheet, with 70% of our loan book secured; alignment with the direction of the regulator; a growing client franchise; and a technology base advancing with AI, with more than 700 models in production and Seven, our multi-agent AI tool for clients, resolving about 85% of client requests without human support.”
João Vitor Menin, Global CEO of Inter&Co
“We have also strengthened our leadership structure to accelerate growth and profitability: Francisco Santos, who recently joined Inter as Chief Growth Officer, will be focused on growth and monetization in Brazil; Alexandre Riccio, now our Chief Operating Officer, focused on credit underwriting and operational excellence; and Santiago Stel, who continues as CFO, focused on profitability and capital allocation. With robust capital, a strong brand and a talented team, we are well positioned to deliver continued growth and sustainable profitability in the years to come.”
Santiago Stel, CFO of Inter&Co
“This quarter shows growth, margin, and efficiency moving together. Net revenue grew 26% year-over-year while expenses grew 17%, taking our efficiency ratio to 41.9%, 322 basis points better than a year ago. NIM 2.0 reached about 10%, up around 70 basis points year-over-year, even with lower inflation in the quarter. IPCA was 2.3%, versus 5.8% in 2Q26, which reduces the income from our inflation-linked assets.”
Santiago Stel, CFO of Inter&Co
“We have seen the stabilization of asset quality. Cost of Risk was flat at 5.9%, even with the market deteriorating, showcasing the strength of our conservative and responsible approach to credit, with 70% of our loan book secured, and our ability to perform across different cycles. Looking ahead, we expect continued improvement, especially in private payroll, as the product is gaining operational maturity.”
MIAMI, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ: INTR), the leading super app providing financial and digital commerce services to over 46 million customers, today reported its results for the third quarter of 2026.
Inter delivered record net income in 3Q26, supported by a larger and more engaged client base and confirming the consistency of its model across cycles. Clients reached 46.8 million, of which 27.1 million are active; net revenue reached US$483 million (R$2.7 billion), up 26% year-over-year; gross ARPAC reached US$10.7 (R$59.7) per month, a new high; and Pix market share continues to be robust at 9%, a testament to the strength of Inter's transactional platform. The result reflects a model in which a solid banking base is complemented by an integrated ecosystem of financial and lifestyle services. * Net Income: Net income reached US$76.1 million (R$425 million), up 26% year-over-year, a new record and the 14th consecutive quarter of growth. * Credit Growth: The expanded credit portfolio reached US$10.39 billion (R$58.1 billion), up 25% year-over-year, versus 8.6% for the Brazilian credit market. * Asset Quality: Cost of Risk was stable at 5.9%, flat versus 2Q26. * Net Interest Margin: NIM reached 9.96%, approximately 70 bps above 3Q25, supported by the growth of a healthy, diversified and highly collateralized loan portfolio. * Efficiency Ratio: The efficiency ratio reached 41.9%, a 322 bps improvement year-over-year, as expenses grew 17% against 26% growth in net revenue. João Vitor Menin, Global CEO of Inter&Co, commented:
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