Business UpdateMay 11, 2026, 07:21 AM
Inter & Co Unveils 'Rule of 50' Strategy, Targets ~28% ROE
AI Summary
Inter & Co presented its 'Owners' Day 2026' strategic update, showcasing strong performance over the past three years and outlining ambitious future priorities. The company introduced the 'Rule of 50' as its new North Star, aiming for a consistent balance of growth and profitability, with a medium-term ROE potential trajectory of approximately 28%. Key strategic initiatives include the '3SA' approach (Super app, Single Smart Data Vault, Multi-agent AI tool) to enhance client principality, engagement, and monetization, alongside a focused expansion in the secured personal loan market in Brazil.
Key Highlights
- Introduced the 'Rule of 50' as a new strategic framework for balancing growth and profitability.
- Achieved a +2.7x share price performance from January 2023 to May 2026.
- Reported LTM March 2026 Net Income of R$1,421 million and Return on Average Equity (ROE) of 15.5%.
- Grew active clients by 2x from September 2022 to March 2026, reaching 44 million total clients.
- Increased Net Interest Margin (excluding credit card transactor portfolio) by +250bps from 3Q22 to 1Q26.
- Expanded funding base to R$74 billion in 1Q26, demonstrating a 29% compound annual growth rate.
- Aims for a medium-term ROE potential trajectory of approximately 28% and an increase in leverage to ~11x.
- Maintained a low cost of funding at 64% of CDI and a cost-to-serve of R$13 per active client monthly.