By Brazil Stock Guide – Inter & Co (INTR) closed 4Q25 consolidating its most profitable year on record, with net income attributable to controlling shareholders reaching R$ 1.31 billion in 2025, up 44.7% year-on-year. Based on average shareholders’ equity of roughly R$ 9.5 billion, the bank delivered a return on equity (ROE) of approximately 13.8% for the full year, marking a structural step-up in profitability as scale gains offset higher credit provisions.
The fourth quarter capped a year of strong balance-sheet expansion. Gross loans rose 35.6% to R$ 48.3 billion, while total funding increased 31.0% to R$ 69.0 billion. Total assets reached R$ 98.6 billion at year-end, up 29.0%, and shareholders’ equity climbed to R$ 10.4 billion. Net revenue advanced 31.3% to R$ 8.4 billion in 2025, according to the company’s consolidated financial statements
Provision expenses remained elevated as the bank scaled its credit book, with impairment losses totaling R$ 2.4 billion in 2025, versus R$ 1.8 billion a year earlier. Even so, profit before taxes rose to R$ 1.62 billion, and earnings per share climbed to R$ 2.98 from R$ 2.08 in 2024, according to the consolidated financial statements audited by KPMG.
The fourth quarter underscores Inter’s transition from high-growth challenger to scaled digital platform. With stronger capital — equity reached R$ 10.4 billion, up 14.6% — and expanding fee income of R$ 2.0 billion for the year, the focus shifts to sustaining credit quality and margins as Brazil’s interest-rate cycle evolves into 2026.
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