Revenue growth is accelerating with net interest income reaching $1.7 billion in 2026Q1, though net interest margins remain constrained at 1.8%.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|
| Net Interest Income | 4.76B | 5.87B | 3.84B | 3.28B | 2.3B | 1.64B | 770.53M | 586.22M | 419.1M | 261.93M | 256.86M | 243.48M | 0 | 0 | 0 |
| NII Growth % | 244.34% | 53.17% | 17.03% | 42.4% | 40.53% | 112.55% | 31.44% | 39.88% | 60.01% | 1.97% | 5.49% | - | - | - | - |
| Net Interest Margin % | 4.86% | 5.96% | 5.02% | 5.43% | 4.97% | 4.47% | 3.89% | 5.85% | 7.43% | 7.32% | 8.05% | 9.63% | 0% | 0% | 0% |
| Interest Income | 11.3B | 11.73B | 7.15B | 6.16B | 4.27B | 2.18B | 942.81M | 841.9M | 636.38M | 538.07M | 577.7M | 480.48M | 0 | 0 | 0 |
| Interest Expense | 6.54B | 5.86B | 3.31B | 2.89B | 1.97B | 543.24M | 172.28M | 255.68M | 217.28M | 276.15M | 320.84M | 237M | 0 | 0 | 0 |
| Loan Loss Provision | 2.77B | 2.56B | 1.8B | 1.54B | 1.08B | 595.58M | -172.28M | 107.06M | 25.67M | 25.55M | 86.2M | 59.45M | 0 | 0 | 0 |
| Non-Interest Income | 4.48B | 2.89B | 2.56B | 1.48B | 1.26B | 584.02M | 177.94M | 167.44M | 52.45M | 33.83M | 15.84M | 5.95M | 106.35M | 85.22M | 123.33M |
| Non-Interest Income % | 28.39% | 19.74% | 26.41% | 19.31% | 22.78% | 21.12% | 15.88% | 16.59% | 7.61% | 5.92% | 2.67% | 1.22% | 100% | 100% | 100% |
| Total Revenue | 15.78B | 14.62B | 9.71B | 7.64B | 5.54B | 2.77B | 1.12B | 1.01B | 688.83M | 571.91M | 593.54M | 486.43M | 106.35M | 85.22M | 123.33M |
| Revenue Growth % | 199% | 50.54% | 27.12% | 38.02% | 100.2% | 146.72% | 11.04% | 46.53% | 20.44% | -3.64% | 22.02% | 357.39% | 24.79% | -30.9% | - |
| Non-Interest Expense | 4.73B | 4.61B | 3.4B | 2.77B | 2.66B | 1.86B | 1.04B | 563.49M | 352M | 210.45M | 157.44M | 144.7M | 80.39M | 67.47M | 105.79M |
| Efficiency Ratio | 29.96% | 31.54% | 34.96% | 36.27% | 48.02% | 67.17% | 93% | 55.83% | 51.1% | 36.8% | 26.53% | 29.75% | 75.59% | 79.17% | 85.78% |
| Operating Income | 1.74B | 1.59B | 1.21B | 439.84M | -178.57M | -231.06M | 78.47M | 83.11M | 93.88M | 59.76M | 29.06M | 45.28M | 27.59M | 16.02M | 13.82M |
| Operating Margin % | 11.04% | 10.89% | 12.41% | 5.76% | -3.23% | -8.36% | 7% | 8.23% | 13.63% | 10.45% | 4.9% | 9.31% | 25.94% | 18.8% | 11.2% |
| Operating Income Growth % | - | 32.08% | 174.09% | 346.31% | 22.72% | -394.47% | -5.58% | -11.48% | 57.1% | 105.66% | -35.83% | 64.12% | 72.25% | 15.91% | - |
| Pretax Income | 1.74B | 1.59B | 1.21B | 439.84M | -178.57M | -231.06M | -7.02M | 83.11M | 93.88M | 59.76M | 29.06M | 45.28M | 25.96M | 17.75M | 17.54M |
| Pretax Margin % | 11.04% | 10.89% | 12.41% | 5.76% | -3.23% | -8.36% | -0.63% | 8.23% | 13.63% | 10.45% | 4.9% | 9.31% | 24.41% | 20.83% | 14.22% |
| Income Tax | 235.52M | 222.41M | 232.71M | 87.58M | -164.49M | -175.99M | -37.71M | 1.54M | 24.05M | 5.96M | 3.23M | 11.57M | 3.8M | 615K | 1.3M |
| Effective Tax Rate % | 13.52% | 13.97% | 19.3% | 19.91% | 92.12% | 76.17% | 536.94% | 1.85% | 25.61% | 9.98% | 11.11% | 25.56% | 14.64% | 3.46% | 7.41% |
| Net Income | 1.42B | 1.29B | 907.13M | 302.34M | -11.09M | -72.67M | 17.91M | 78.88M | 69.83M | 48.16M | 25.36M | 32.9M | 22.16M | 17.14M | 16.24M |
| Net Margin % | 8.99% | 8.8% | 9.34% | 3.96% | -0.2% | -2.63% | 1.6% | 7.81% | 10.14% | 8.42% | 4.27% | 6.76% | 20.84% | 20.11% | 13.17% |
| Net Income Growth % | 40.36% | 41.83% | 200.03% | 2826.27% | 84.74% | -505.7% | -77.29% | 12.95% | 45.02% | 89.9% | -22.91% | 48.42% | 29.34% | 5.51% | - |
| Net Income (Continuing) | 1.51B | 1.37B | 972.84M | 352.26M | -14.08M | -55.07M | 30.69M | 81.57M | 69.83M | 53.8M | 25.83M | 33.71M | 22.16M | 17.14M | 16.24M |
| EPS (Diluted) | 3.18 | 2.90 | 2.07 | 0.75 | -0.03 | -0.28 | 0.02 | 0.04 | 0.04 | 0.04 | 0.12 | 0.15 | 0.10 | 0.08 | 0.08 |
| EPS Growth % | 40.61% | 40.1% | 176% | 2817.39% | 90.27% | -1312.9% | -37.44% | -9% | 10.48% | -69% | -20% | 50% | 24.07% | 5.91% | - |
| EPS (Basic) | - | 2.90 | 2.08 | 0.75 | -0.03 | -0.28 | 0.02 | 0.04 | 0.04 | 0.04 | 0.12 | 0.15 | 0.10 | 0.08 | 0.08 |
| Diluted Shares Outstanding | 445.6M | 440.23M | 438.98M | 403.12M | 401.16M | 266.24M | 764.44M | 2.11B | 1.65B | 1.29B | 214.35M | 213.32M | 213.31M | 212.61M | 213.42M |
Credit Provisioning Volatility
As reported in recent financial statements, Inter & Co's net interest income reached $1.7 billion in 2026Q1, reflecting a significant 177% year-over-year growth trajectory that suggests successful expansion of the credit book despite the inherent volatility observed in previous quarterly reporting periods throughout the 2025 fiscal year.
The sharp acceleration in NII suggests that the bank is successfully leveraging its digital ecosystem to drive loan volume growth. Investors should monitor whether this expansion is sustainable or if it reflects a temporary surge in credit demand that may face future headwinds from interest rate sensitivity.
Based on the company's quarterly filings, the net interest margin has remained stagnant at 1.8% through 2026Q1, indicating that despite substantial growth in interest-earning assets, the bank continues to face significant pressure on its yield spreads relative to its funding cost structure in the Brazilian market.
The persistent low NIM suggests that competitive pressures or the cost of maintaining a diverse deposit base are offsetting the benefits of a larger loan portfolio. This warrants further investigation into whether the bank can achieve meaningful margin expansion without compromising its competitive positioning against traditional incumbents.
According to the provided income statement data, the efficiency ratio improved to 28.9% in 2026Q1, demonstrating that the firm is successfully scaling its technology-driven cost structure to support revenue growth while maintaining a disciplined approach to non-interest expenses across its diverse business segments.
The downward trend in the efficiency ratio appears to validate the company's '60-30-20' strategic pivot toward operational leverage. This suggests that the digital-first model is beginning to yield the expected economies of scale, though investors should remain cautious regarding the sustainability of these gains during periods of lower revenue growth.
As disclosed in the latest quarterly results, provision for loan losses climbed to $813.6 million in 2026Q1, which may indicate that the bank is proactively adjusting its credit risk reserves to account for the rapid expansion of its consumer credit and card portfolios in Brazil.
The rising provision expense suggests that credit quality remains a critical variable in the bank's path to profitability. Analysts should monitor the NPL 90+ ratio closely, as the current provisioning levels may imply an anticipation of higher delinquency rates within the broader consumer credit environment.
Quick answers to the most common questions about buying INTR stock.
Inter & Co, Inc. (INTR) is profitable, generating $1.29B in net income for the fiscal year ending 2025 with a net profit margin of 8.8%.
Inter & Co, Inc. (INTR) reported an operating income of $1.59B, resulting in an operating profit margin of 10.9%. This margin reflects the operational efficiency of the business before interest and taxes.
Inter & Co, Inc. (INTR) generated $6.20B in gross profit for the year, representing a gross profit margin of 42.4%. This demonstrates the company's core pricing power and production efficiency.