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Nu Holdings Q2 Earnings: Warren Buffett-Backed Bank Posts Upbeat Quarter, Stock Jumps After Hours
Nu Holdings Ltd (NYSE:NU) reported financial results for the second quarter after the market close on Tuesday. Here’s a rundown of the report.
Q2 Earnings: Nu Holdings reported second-quarter revenue of $2.8 billion. The Brazilian bank’s top-line results were up 65% on a year-over-year basis.
Nu reported second-quarter adjusted net income of $563 million, up from $263 million in the second quarter of 2023.
Nu Holdings said it added 5.2 million customers in the second quarter, bringing total customers up to 104.5 million as of June 30. Monthly average revenue per active customer came in at $11.20.
Total deposits increased 64% year-over-year to $25 billion. Net interest income surged 77% year-over-year to $1.7 billion, driven ...