Earnings call transcript: Inter posts strong Q3 2026 growth, shares rise 2.48%
In the Q3 2026 earnings call, Inter reported a 26% year-on-year increase in net revenue to BRL 2.7 billion, driven by higher net interest income and fee income. Net income also rose 26% to BRL 425 million, marking the 14th consecutive quarter of profit growth. The loan portfolio grew 25% year-on-year to BRL 58.1 billion, outpacing the Brazilian credit market by nearly three times.
The efficiency ratio improved to 41.9%, benefiting from revenue growth outpacing expense growth. Inter's BanTech model continued to deliver strong results, with total clients reaching 46.8 million, up 13% year-on-year, and active clients topping 27 million. The stock rose 2.48% to $33 in after-hours trading, trading at a PEG ratio of 0.3, indicating attractive value relative to its growth trajectory.
Management remains comfortable with annual loan growth of 20% to 25%, even in a tougher macroeconomic environment.
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