Inter&Co Q1 Loan Portfolio Up 33% to R$50B, Net Income at R$395M
Inter&Co reached 44 million clients in 1Q26 with a 60% activation rate and posted net income of R$395 million (US$75.6 million), lifting ROE to 15.5%. Its loan portfolio grew 33% YoY to R$50 billion (US$9.5 billion) and cards plus PIX volumes hit a 1.7 trillion real run rate.
1. Q1 Client and Profit Metrics
In the first quarter of 2026, Inter&Co expanded its customer base to 44 million clients and achieved its highest quarterly activation rate since 2024 at 60%. Net income climbed to R$395 million (US$75.6 million), driving ROE up to 15.5% and pushing ROTE close to 20%.
2. Loan Portfolio Expansion
The company’s gross loan portfolio increased by 33% year-over-year to R$50 billion (US$9.5 billion), more than triple the growth rate of the Brazilian market. Key contributors included private payroll loans, mortgages and credit cards, with nearly 70% of the portfolio secured by collateral.
3. Payment Volumes and Efficiency
Inter&Co recorded a 1.7 trillion real run rate in cards and PIX transaction volumes, reflecting 26% year-over-year growth and capturing 8.5% of all PIX transactions in Brazil. Operational efficiency also improved, with the efficiency ratio reaching a record low of 43.8%.
4. AI Strategy and Outlook
The company introduced Seven, an AI-driven multi-agent tool designed to enhance customer interactions and simplify credit and investment decisions. Inter&Co will host its Owners’ Day on May 11 at Nasdaq to outline its strategic roadmap and discuss long-term value creation.