Inter & Co (INTR) Q2 FY26 earnings call

Inter & Co achieved its 'Rule of 50' target this quarter, demonstrating simultaneous growth and profitability. The company reported record ROE and NIM, driven by disciplined capital allocation and strategic product reshaping. While early NPLs increased, particularly in private payroll, management emphasized that revenue growth is outpacing provisions, maintaining strong risk-adjusted returns. The digital model continues to deliver significant operational leverage, with revenue growth outpacing expense growth.