Inter&Co Inc. announced its third-quarter 2024 financial results on November 14, 2024, reporting a record net income of R$260 million. This performance reflects the company's continued focus on increasing profitability and growth in both fee and interest income. The company's Return on Equity (ROE) reached 11.9% for the quarter.
The financial super app expanded its client base to 34.9 million customers, with an activation rate of 55.9%, an increase of 3.3 percentage points compared to September 30, 2023. Total gross revenues for the quarter were R$2.7 billion, while revenues for the nine-month period ended September 30, 2024, reached R$4,555.7 million, an increase of R$1,116.0 million year-over-year.
The loan portfolio grew to R$33.7 billion, marking a 13.2% increase from December 31, 2023. The company's efficiency ratio improved to 50.7%, demonstrating progress in cost management and operational leverage as it executes its 60/30/30 long-term plan.
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