BELO HORIZONTE, Brazil, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ:INTR, B3: INBR32)), the leading financial super app providing financial and digital commerce services to over 33 million customers, today reported financial results for the second quarter of 2024. Highlights: Record net income of R$ 223 million. 10.4% ROE, surpassing the double-digit milestone. TPV increased 47% YoY, reaching R$ 290 billions. AuC reached R$ 105 billion, a 37% increase YoY. Inter&Co reported strong results with another quarter of increased profitability and consistent growth across its seven verticals. The results also show another important milestone: a 10.4% ROE. João Vitor Menin, CEO of Inter&Co commented: "I can affirm that our combination of growth and profitability is propelling us to new heights. The execution of our 60/30/30 plan continues at full speed as we push boundaries, explore new horizons and consistently increase our profitability." He added that, "Our business generates alpha. We saw many products achieving multiple times greater growth than the market. As we continue to attract and engage more clients, across all seven of our verticals, we see great bottom-line results, such as the attainment of our first double-digit ROE of 10.4%." Menin reinforced, "We are in a unique position as we combine growth and profitability, given our business model and tenacious execution of our 60/30/30 plan." Financial highlights – 2Q24 Total Gross Revenue of R$2.4 billion, a 24% growth compared to Q2'23. Record Net Income of R$223 million and earnings before tax of R$298 million. ROE reached 10.4%, a 6.8 p.p. improvement over 2Q23, the sixth consecutive quarter of improvement and the first-ever double-digit ROE. Operational highlights – 2Q24 More than 33 million clients with a 55.3% activation rate, or 18.4 million active clients. Over R$290 billion in TPV, growth of 47% in one year. 3.3 million Global Clients, a higher engaged base of affluent clients. Conference CallInter&Co will discuss its Q'2 2024 financial results on August 7th, 2024, at 01 p.m. ET (2 p.m. BRT). The webcast details, along with the earnings materials ...