Inter & Co, Inc 6-K, filed Aug 5, 2026
Inter & Co, Inc. (INTR)
6-K
2026-08-05
For: 2026-06-30
View Original
Added on
August 06, 2026
About this 6-K
Inter & Co, Inc filed this 6-K on August 5, 2026.
United States Securities and Exchange Commission
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2026
Commission File Number 132-02847
INTER & Co, INC.
(Exact name of registrant as specified in its charter)
N/A
(Translation of Registrant’s executive offices)
Maples Corporate Services Limited, PO Box 309, Ugland House,
Grand Cayman, KY1-1104, Cayman Islands.
(Address of registered executive offices)
Av Barbacena, 1,219, 22nd Floor
Belo Horizonte, Brazil, ZIP Code 30 190-131
(Address of principal executive office)
Telephone: +55 (31) 2138-7978
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes ☐ No ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes ☐ No ☒
EXHIBIT INDEX
| Exhibit No. | Description of Exhibit | |||||||
1
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| INTER & Co, INC. | |||||||||||
| By: | /s/ Rafaela de Oliveira Vitoria | ||||||||||
| Name: | Rafaela de Oliveira Vitoria | ||||||||||
| Title: | Head of Investor Relations | ||||||||||
Date: August 5, 2026
EXHIBIT 99.1
 | Interim condensed consolidated financial statements June 30, 2026 | ||||
1 | ||||||||||||||
| Interim condensed consolidated financial statements June 30, 2026 | ||||
Management Statement
Inter&Co
Inter&Co, Inc. (Inter&Co, the Company, and, together with its consolidated subsidiaries, Grupo Inter, Grupo or Inter) is a holding company incorporated in the Cayman Islands with limited liability. The Company has its shares listed on the Nasdaq, the US stock exchange, under the ticker INTR, and its BDRs listed on the B3 under the ticker INBR32. Inter&Co is the controlling company of Grupo Inter and indirectly holds all the shares of Banco Inter S.A.
Inter
Inter provides financial and e-commerce services, with features offered in a financial super app that includes banking, investments, credit, insurance, and cross-border services, as well as a marketplace that brings together the best retailers from Brazil and the United States.
In compliance with the provisions of Article 133 of Law No. 6,404/1976, as amended by Law No. 15,177 of July 23, 2025, Banco Inter S.A. adopts policies and practices aimed at promoting equity, diversity, and equal opportunities in the corporate environment.
Banco Inter S.A. has internal policies and human resources management guidelines that ensure objective, transparent, and non-discriminatory criteria for hiring, development, compensation, and filling positions, including management positions, observing best corporate governance practices and applicable legislation.
Operating highlights
Customers
As of June 30, 2026 we achieved a total of 45.3 million customers. The activation rate reached 58.3%, an increase of 0.6 percentage points when compared to June 30, 2025.
Loan Portfolio
The balance of loan operations reached R$51.9 billion, representing a positive variation of 7.6% compared to December 31, 2025.
Fundraising
Total funding, which includes demand deposits, term deposits, savings deposits and securities issued, such as real estate credit notes, secured real estate notes and financial notes, totaled R$72.9 billion, 5.6% higher than the amount recorded on December 31, 2025.
Economic and financial highlights
Net income
As of June 30, 2026, the net profit of the controlling shareholders was R$815.9 million, representing an increase of 35.6% compared to the same period in 2025.
Revenues
As of June 30, 2026, revenues reached R$5.1 billion, marking an increase of 32.2% compared to the same period in 2025.
Administrative expenses and Personnel
As of June 30, 2026, administrative and personnel expenses totaled R$1.8 billion, an increase of 17.2% compared to the same period in 2025.
2 | ||||||||||||||
| Interim condensed consolidated financial statements June 30, 2026 | ||||
Equity highlights
Total assets
Total assets reached R$102.9 billion as of June 30, 2026, an increase of 4.4% compared to December 31, 2025.
Shareholder’s equity
Shareholder’s equity totaled R$10.6 billion, a growth of 2.3% compared to December 31, 2025.
Relationship with the independent auditors
The Company informs that it has a policy with requirements for contractual risk analysis, which defines that the Board of Directors must evaluate the transparency, objectivity, governance aspects, and commitment to the independence of the contracting process, thus ensuring compliance between the parties involved. Additionally, it has an Audit Committee which, among its responsibilities and competencies, in addition to providing opinions and recommendations on the audit service provider, also evaluates the effectiveness of independent and internal audits, including verifying compliance with legal and regulatory provisions applicable to Inter, as well as internal policies and codes.
Furthermore, Inter&Co, Inc. confirms that KPMG Auditores Independentes Ltda. has procedures, policies, and controls in place to ensure its independence, which include an assessment of the work performed, encompassing any service that is not an independent audit of the consolidated financial statements. This assessment is based on applicable regulations and accepted principles that preserve auditor independence. The acceptance and performance of professional services unrelated to the audit of the financial statements by the independent auditors during the period ended June 30, 2026, did not affect the independence and objectivity in the conduct of the audit examinations performed at Inter&Co, Inc. Information regarding the independent auditors' fees is made available annually in the reference form.
Acknowledgments
We would like to thank our shareholders, customers, and partners for their trust, as well as each of our employees who build our history each day.
Belo Horizonte, August 5, 2026.
The Management.
3 | ||||||||||||||
4 | ||||||||||||||
5 | ||||||||||||||
| Interim condensed consolidated financial position As of June 30,2026 and December 31,2025 (Amounts in thousands of Brazilian reais, unless otherwise stated) | ||||
| Note | 06/30/2026 | 12/31/2025 | |||||||||||||||
| Assets | |||||||||||||||||
| Cash and cash equivalents | 8 | 3,106,104 | 3,801,513 | ||||||||||||||
| Amounts due from financial institutions, net of provisions for expected credit losses | 9 | 5,187,084 | 4,600,218 | ||||||||||||||
| Deposits at Central Bank of Brazil | 8,488,431 | 7,867,658 | |||||||||||||||
| Securities, net of provisions for expected credit losses | 10 | 29,590,658 | 29,010,323 | ||||||||||||||
| Derivative financial instruments | 11 | 18,536 | 58,915 | ||||||||||||||
| Loans and advances to customers, net of provisions for expected credit losses | 12 | 48,356,876 | 45,251,104 | ||||||||||||||
| Property and equipment | 13 | 356,205 | 381,404 | ||||||||||||||
| Intangible assets | 14 | 2,135,320 | 2,023,939 | ||||||||||||||
| Deferred tax assets | 32.c | 2,042,192 | 1,789,304 | ||||||||||||||
| Other assets | 15 | 3,630,116 | 3,827,140 | ||||||||||||||
| Total assets | 102,911,522 | 98,611,518 | |||||||||||||||
| Liabilities | |||||||||||||||||
Deposits from customers | 16 | 56,696,688 | 54,883,084 | ||||||||||||||
Deposits from banks | 17 | 15,527,374 | 14,585,704 | ||||||||||||||
| Securities issued | 18 | 16,179,982 | 14,127,144 | ||||||||||||||
| Derivative financial instruments | 11 | 23,597 | 54,114 | ||||||||||||||
| Borrowings and on-lending | 19 | 831,651 | 817,495 | ||||||||||||||
| Tax liabilities | 20 | 309,732 | 815,527 | ||||||||||||||
| Income tax and social contribution | 183,142 | 675,438 | |||||||||||||||
| Other tax liabilities | 126,590 | 140,089 | |||||||||||||||
| Provisions | 21 | 205,475 | 265,455 | ||||||||||||||
| Deferred tax liabilities | 32.c | 46,258 | 40,923 | ||||||||||||||
| Other liabilities | 22 | 2,457,206 | 2,629,110 | ||||||||||||||
| Total liabilities | 92,277,963 | 88,218,556 | |||||||||||||||
| Equity | |||||||||||||||||
| Share capital | 23.a | 13 | 13 | ||||||||||||||
| Reserves | 23.b | 11,544,879 | 10,971,176 | ||||||||||||||
| Other comprehensive loss | 23.c | (1,019,646) | (801,600) | ||||||||||||||
| Equity attributable to owners of the Company | 10,525,246 | 10,169,589 | |||||||||||||||
| Non-controlling interest | 23.f | 108,313 | 223,373 | ||||||||||||||
| Total equity | 10,633,559 | 10,392,962 | |||||||||||||||
| Total liabilities and equity | 102,911,522 | 98,611,518 | |||||||||||||||
The notes are an integral part of the consolidated condensed interim financial information
6 | ||||||||||||||
| Interim condensed consolidated statements of income Quarters and semesters ending June 30, 2026 and 2025 (Amounts in thousands of Brazilian reais, except for earnings per share) | ||||
| Quarter | Semester | ||||||||||||||||||||||||||||
| Note | 06/30/2026 | 06/30/2025 | 06/30/2026 | 06/30/2025 | |||||||||||||||||||||||||
| Interest income | 24 | 2,604,872 | 2,128,214 | 5,174,322 | 3,935,084 | ||||||||||||||||||||||||
| Interest expenses | 24 | (1,811,448) | (1,423,958) | (3,562,928) | (2,602,978) | ||||||||||||||||||||||||
| Income from securities, derivatives and foreign exchange | 25 | 1,250,510 | 765,251 | 2,314,290 | 1,499,995 | ||||||||||||||||||||||||
| Net interest income and income from securities, derivatives and foreign exchange | 2,043,934 | 1,469,507 | 3,925,684 | 2,832,101 | |||||||||||||||||||||||||
| Net revenues from services and commissions | 26 | 531,679 | 495,128 | 1,027,712 | 955,052 | ||||||||||||||||||||||||
| Expenses from services and commissions | (45,896) | (42,997) | (91,635) | (83,808) | |||||||||||||||||||||||||
| Other revenues | 27 | 106,199 | 81,444 | 215,141 | 137,537 | ||||||||||||||||||||||||
| Revenues | 2,635,916 | 2,003,082 | 5,076,902 | 3,840,882 | |||||||||||||||||||||||||
| Impairment losses on financial assets | 28 | (860,432) | (569,249) | (1,641,700) | (1,082,930) | ||||||||||||||||||||||||
| Revenues net of impairment losses on financial assets | 1,775,484 | 1,433,833 | 3,435,202 | 2,757,952 | |||||||||||||||||||||||||
| Administrative expenses | 29 | (622,587) | (540,030) | (1,240,485) | (1,068,230) | ||||||||||||||||||||||||
| Personnel expenses | 30 | (302,984) | (256,765) | (587,761) | (491,638) | ||||||||||||||||||||||||
| Tax expenses | 31 | (228,779) | (176,880) | (415,338) | (312,936) | ||||||||||||||||||||||||
| Depreciation and amortization | (110,323) | (76,631) | (203,690) | (144,076) | |||||||||||||||||||||||||
| Profit before income tax | 510,811 | 383,527 | 987,928 | 741,072 | |||||||||||||||||||||||||
| Income tax | 32 | (65,126) | (51,361) | (124,697) | (102,120) | ||||||||||||||||||||||||
| Net income attributable to shareholders of the company and non-controlling interests | 445,685 | 332,166 | 863,231 | 638,952 | |||||||||||||||||||||||||
| Non-controlling interest | (24,576) | (17,035) | (47,335) | (37,232) | |||||||||||||||||||||||||
| Net income attributable to shareholders of the company | 421,109 | 315,131 | 815,896 | 601,720 | |||||||||||||||||||||||||
| Earnings per share (in Brazilian Reais – BRL) | |||||||||||||||||||||||||||||
| Basic earnings per share | 23.e | 0.95 | 0.72 | 1.85 | 1.37 | ||||||||||||||||||||||||
| Diluted earnings per share | 23.e | 0.94 | 0.71 | 1.82 | 1.36 | ||||||||||||||||||||||||
The notes are an integral part of the consolidated condensed interim financial information
7 | ||||||||||||||
| Interim condensed consolidated statements of comprehensive income Quarters and semesters ending June 30, 2026 and 2025 (Amounts in thousands of Brazilian reais, unless otherwise stated) | ||||
| Quarter | Semester | ||||||||||||||||||||||
| 06/30/2026 | 06/30/2025 | 06/30/2026 | 06/30/2025 | ||||||||||||||||||||
| Net income attributable to shareholders of the company | 421,109 | 315,131 | 815,896 | 601,720 | |||||||||||||||||||
| Non-controlling interest | 24,576 | 17,035 | 47,335 | 37,232 | |||||||||||||||||||
| Net income attributable to shareholders of the company and non-controlling interests | 445,685 | 332,166 | 863,231 | 638,952 | |||||||||||||||||||
| Items that are or may be subsequently reclassified to the result | |||||||||||||||||||||||
| Changes in fair value - financial assets at FVOCI | (66,087) | 204,463 | (120,401) | 216,410 | |||||||||||||||||||
| Tax effect | 33,628 | (76,935) | 49,528 | (120,996) | |||||||||||||||||||
| Net change in fair value - financial assets at FVOCI | (32,459) | 127,528 | (70,873) | 95,414 | |||||||||||||||||||
Hedge of investments abroad | (29,596) | 63,279 | 30,184 | 151,563 | |||||||||||||||||||
| Tax effect | (3,299) | (32,124) | (26,753) | (67,259) | |||||||||||||||||||
| Investment hedge in foreign operations | (32,895) | 31,155 | 3,431 | 84,304 | |||||||||||||||||||
| Cash flow hedge | — | (13,504) | 17,906 | (16,980) | |||||||||||||||||||
| Tax effect | — | 7,826 | (8,057) | 7,641 | |||||||||||||||||||
| Cash flow hedge | — | (5,678) | 9,849 | (9,339) | |||||||||||||||||||
| Foreign exchange differences on the translation of foreign operations | (33,359) | (84,133) | (160,453) | (188,645) | |||||||||||||||||||
| Other comprehensive income (loss) that may be reclassified subsequently to the Statements of income | (98,713) | 68,872 | (218,046) | (18,266) | |||||||||||||||||||
| Total comprehensive income for the year | 346,972 | 401,038 | 645,185 | 620,686 | |||||||||||||||||||
| Allocation of comprehensive income | |||||||||||||||||||||||
| To shareholders of the company | 322,396 | 384,003 | 597,850 | 583,454 | |||||||||||||||||||
| To non-controlling interest | 24,576 | 17,035 | 47,335 | 37,232 | |||||||||||||||||||
The notes are an integral part of the consolidated condensed interim financial information
8 | ||||||||||||||
| Interim condensed consolidated cash flow statements Quarters and semesters ending June 30, 2026 and 2025 (Amounts in thousands of Brazilian reais, unless otherwise stated) | ||||
| Note | 06/30/2026 | 06/30/2025 | ||||||||||||||||||
| Operating activities | ||||||||||||||||||||
| Net income attributable to shareholders of the company | 815,896 | 601,720 | ||||||||||||||||||
| Non-controlling interest | 47,335 | 37,232 | ||||||||||||||||||
| Adjustments to profit (loss) | ||||||||||||||||||||
| Depreciation and amortization | 203,690 | 144,076 | ||||||||||||||||||
| Impairment losses on financial assets | 28 | 1,641,700 | 1,082,930 | |||||||||||||||||
| Expenses with provisions for contingencies | 21.a | 36,531 | 27,797 | |||||||||||||||||
| Provisions/ (Reversals) for loss of assets | — | (32,497) | ||||||||||||||||||
| Capital gains (losses) | 27 | 449 | (13) | |||||||||||||||||
| Income tax and social contribution | 32.a | 124,697 | 102,120 | |||||||||||||||||
| Provision for performance fees | 27 | (19,274) | (20,783) | |||||||||||||||||
| Effect of the exchange rate variation on cash and cash equivalents | 25 | (36,630) | (33,440) | |||||||||||||||||
| (Increase)/ decrease in: | ||||||||||||||||||||
| Deposits at Central Bank of Brazil | (620,773) | (894,260) | ||||||||||||||||||
| Loans and advances to customers | (4,817,408) | (5,413,468) | ||||||||||||||||||
| Amounts due from financial institutions | (607,817) | 1,237,410 | ||||||||||||||||||
| Securities | (2,466,126) | (276,999) | ||||||||||||||||||
| Derivative financial instruments | 40,379 | (127) | ||||||||||||||||||
| Other assets | 249,463 | (145,565) | ||||||||||||||||||
| Increase/ (decrease) in: | ||||||||||||||||||||
| Deposits from customers | 1,813,604 | 3,864,114 | ||||||||||||||||||
| Deposits from banks | 941,670 | 2,565,570 | ||||||||||||||||||
| Securities issued | 2,052,838 | 1,488,040 | ||||||||||||||||||
| Derivative financial instruments | 17,573 | 97,728 | ||||||||||||||||||
| Borrowings and on-lending | 14,156 | 443,633 | ||||||||||||||||||
| Tax liabilities | (533,729) | (67,198) | ||||||||||||||||||
| Provisions | (30,767) | (26,845) | ||||||||||||||||||
| Other liabilities | (342,404) | (628,039) | ||||||||||||||||||
| Income tax paid | (335,718) | (248,364) | ||||||||||||||||||
| Net cash from (used in) operating activities | (1,810,665) | 3,904,772 | ||||||||||||||||||
| Cash flow from investing activities | ||||||||||||||||||||
| (Acquisition) of property and equipment | (21,715) | (53,065) | ||||||||||||||||||
| (Acquisition) of intangible assets | (270,197) | (249,420) | ||||||||||||||||||
| (Acquisition) of financial assets at fair value through other comprehensive income | (4,266,564) | (2,320,325) | ||||||||||||||||||
| Proceeds from sale of financial assets at FVOCI | 6,060,974 | 2,924,877 | ||||||||||||||||||
| (Acquisition) of financial assets at amortized cost | (15,179) | (211,612) | ||||||||||||||||||
| Proceeds from sale of financial assets at amortized cost | 13,285 | 10,858 | ||||||||||||||||||
| Net cash from (used in) investing activities | 1,500,604 | 101,313 | ||||||||||||||||||
| Cash flow from financing activities | ||||||||||||||||||||
| Capital increase | — | 33,049 | ||||||||||||||||||
| Dividends and interest on shareholders' equity paid | (297,490) | (233,787) | ||||||||||||||||||
| Repurchase of treasury shares | — | (27,110) | ||||||||||||||||||
| Resources to non-controlling shareholders | (124,488) | (85,946) | ||||||||||||||||||
| Net cash from (used in) financing activities | (421,978) | (313,794) | ||||||||||||||||||
| Increase/(Decrease) in cash and cash equivalents | (732,039) | 3,692,291 | ||||||||||||||||||
| Cash and cash equivalents at the beginning of the period | 8 | 3,801,513 | 1,108,394 | |||||||||||||||||
| Effect of the exchange rate variation on cash and cash equivalents | 36,630 | 33,440 | ||||||||||||||||||
| Cash and cash equivalents at the end of the period | 3,106,104 | 4,834,125 | ||||||||||||||||||
The notes are an integral part of the consolidated condensed interim financial information
9 | ||||||||||||||
| Interim condensed consolidated statements of changes in equity As of June 30,2026 and December 31,2025 (Amounts in thousands of Brazilian reais, unless otherwise stated) | ||||
| Share capital | Reserves | Other comprehensive income | Retained earnings /accumulated losses | Treasury shares | Equity attributable to owners of the Company | Non-controlling interest | Total equity | |||||||||||||||||||||||||||||||||||||||||||
| Balance as of December 31, 2024 | 13 | 9,793,992 | (898,830) | — | — | 8,895,175 | 177,132 | 9,072,307 | ||||||||||||||||||||||||||||||||||||||||||
| Profit for the period | — | — | — | 601,720 | — | 601,720 | 37,232 | 638,952 | ||||||||||||||||||||||||||||||||||||||||||
| Proposed allocations: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Constitution/ reversal of reserves | — | 601,720 | — | (601,720) | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
| Capital increase | — | 33,049 | — | — | — | 33,049 | — | 33,049 | ||||||||||||||||||||||||||||||||||||||||||
| Interest on equity / dividends | — | (203,593) | — | — | — | (203,593) | (30,194) | (233,787) | ||||||||||||||||||||||||||||||||||||||||||
| Foreign exchange differences on the translation of foreign operations | — | — | (188,645) | — | — | (188,645) | — | (188,645) | ||||||||||||||||||||||||||||||||||||||||||
| Gains and losses - Hedge | — | — | 74,965 | — | — | 74,965 | — | 74,965 | ||||||||||||||||||||||||||||||||||||||||||
| Net change in fair value - financial assets at FVOCI | — | — | 95,414 | — | — | 95,414 | — | 95,414 | ||||||||||||||||||||||||||||||||||||||||||
| Share-based payment transactions | — | (27,110) | — | — | 27,110 | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
| Reflex reserve | — | 8,633 | — | — | — | 8,633 | — | 8,633 | ||||||||||||||||||||||||||||||||||||||||||
| Repurchase of treasury shares | — | — | — | — | (27,110) | (27,110) | — | (27,110) | ||||||||||||||||||||||||||||||||||||||||||
| Others | — | — | — | — | — | — | (85,946) | (85,946) | ||||||||||||||||||||||||||||||||||||||||||
| Balance as of June 30, 2025 | 13 | 10,206,691 | (917,096) | — | — | 9,289,608 | 98,224 | 9,387,832 | ||||||||||||||||||||||||||||||||||||||||||
| Balance as of December 31, 2025 | 13 | 10,971,176 | (801,600) | — | — | 10,169,589 | 223,373 | 10,392,962 | ||||||||||||||||||||||||||||||||||||||||||
| Profit for the period | — | — | — | 815,896 | — | 815,896 | 47,335 | 863,231 | ||||||||||||||||||||||||||||||||||||||||||
| Proposed allocations: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Constitution/ reversal of reserves | — | 815,896 | — | (815,896) | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
| Interest on equity / dividends | — | (259,583) | — | — | — | (259,583) | (37,907) | (297,490) | ||||||||||||||||||||||||||||||||||||||||||
| Foreign exchange differences on the translation of foreign operations | — | — | (160,453) | — | — | (160,453) | — | (160,453) | ||||||||||||||||||||||||||||||||||||||||||
| Gains and losses - Hedge | — | — | 13,280 | — | — | 13,280 | — | 13,280 | ||||||||||||||||||||||||||||||||||||||||||
| Net change in fair value - financial assets at FVOCI | — | — | (70,873) | — | — | (70,873) | — | (70,873) | ||||||||||||||||||||||||||||||||||||||||||
| Share-based payment transactions | — | 2,601 | — | — | — | 2,601 | — | 2,601 | ||||||||||||||||||||||||||||||||||||||||||
| Reflex reserves | — | 14,789 | — | — | — | 14,789 | — | 14,789 | ||||||||||||||||||||||||||||||||||||||||||
| Others | — | — | — | — | — | — | (124,488) | (124,488) | ||||||||||||||||||||||||||||||||||||||||||
| Balance as of June 30, 2026 | 13 | 11,544,879 | (1,019,646) | — | — | 10,525,246 | 108,313 | 10,633,559 | ||||||||||||||||||||||||||||||||||||||||||
The notes are an integral part of the consolidated condensed interim financial information
10 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
Notes to the interim condensed consolidated financial statement
(Amounts in thousands of Brazilian reais, unless otherwise stated)
1.Activity and structure of Inter & Co, Inc. and its subsidiaries
Inter&Co, Inc. ("Inter&Co", "Grupo Inter", or "Company") is the holding company of Grupo Inter, incorporated in the Cayman Islands, a limited liability company exempt from taxation and registered as a foreign issuer with the U.S. Securities and Exchange Commission ("SEC") and the Brazilian Securities and Exchange Commission (CVM).
Inter&Co's Class A common shares are traded on Nasdaq under the ticker symbol "INTR," and the depositary receipts backed by these shares (Level II BDRs) are publicly traded on B3 - Brasil, Bolsa e Balcão under the ticker symbol "INBR32."
As of June 30, 2026, its main operating subsidiaries were:
•Inter Holding Financeira S.A.: a direct subsidiary domiciled in Brazil, whose main activity is to hold 100% of the share capital of Banco Inter S.A. (Banco Inter).
•Inter Marketplace Intermediação de Negócios e Serviços Ltda.: a directly owned subsidiary in Brazil whose purpose is to operate the Group's marketplace platform, connecting customers to a wide range of non-financial third-party products and services. Its main products include an e-commerce marketplace, gift card offerings, telephony services via Mobile Virtual Network Operator (MVNO) Inter Cel, airline ticket sales, among others.
•Inter US Holding Inc.: is a direct subsidiary domiciled in the United States. Its purpose is to coordinate the Group's North American operations.
Inter&Co and all its subsidiaries are presented collectively as the "Group" or "Inter," reflecting the integrated operations of the economic conglomerate.
Operating as a digital platform for individuals and businesses, Inter offers a wide range of integrated financial services and solutions in a Super App, such as: credit cards, checking accounts, investments, insurance, mortgage loans, payroll loans, business loans, and a marketplace for non-financial services, among others. Operations are conducted in an integrated manner through the Super App, providing customers with a unified digital experience for managing their finances and daily activities.
2.Basis for preparation
a.Compliance statement
The Group's consolidated condensed interim financial information has been prepared in accordance with IAS 34 – Interim Financial Reporting, issued by the International Accounting Standards Board (IASB).
These consolidated interim financial statements have been prepared following a basis of preparation and accounting policies consistent with those adopted in the preparation of the consolidated financial statements of Inter & Co, Inc., as of December 31, 2025, and are therefore intended only to provide an update of the content of the latest financial statements and should be read as a whole, in accordance with IAS 34.
This consolidated condensed interim financial information was authorized for issuance by the Board of Directors on August 5, 2026.
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| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
b.Functional and presentation currency
The consolidated condensed interim financial information is presented in Brazilian reais (R$). The functional currency of the Group companies is shown in explanatory note 4a, reflecting the currency in which the prices of goods and services are determined and generally settled. All amounts have been rounded to the nearest thousand, unless otherwise indicated.
c.Use of estimates and judgments
In preparing the consolidated condensed interim financial information, Management used judgment, estimates and assumptions that affect the application of the Group's accounting policies and the reported amounts of assets, liabilities, revenues and expenses. Actual results may differ from these estimates. Estimates and assumptions are reviewed continuously and the impacts of changes in estimates are recognized prospectively. The main significant judgments made by management in applying the Group's accounting policies and the sources of uncertainty in the estimates are described below:
Judgments
Information about judgments made in applying accounting policies that have the most significant effects on the amounts recognized in the financial statements is included in the following notes:
•Basis for consolidation (see note 4a): whether Inter&Co has actual control over an investment;
•Classification of financial assets (see notes 6 and 7): whether such assets meet the criteria for payment of principal and interest only (SPPJ test) and their respective classification (amortized cost, fair value through comprehensive income, or fair value through profit or loss); and
•Equity method: if Inter&Co has significant influence over an investee.
Estimates
Estimates carry a significant risk and could materially affect the values of assets and liabilities in future periods, and actual results may differ from those based on such estimates. The main items susceptible to impacts from estimates are disclosed below and are related to the following explanatory notes:
•Classification of financial assets (see notes 6 and 7): assessment of the business model in which the assets are held and assessment of whether the contractual terms of the financial asset refer only to principal and interest payments (SPPJ test);
•Business combination (see note 4b): determination of the fair values of assets acquired and liabilities assumed in business combinations;
•Impairment test of intangible assets and goodwill (see note 14): for the purposes of recoverability testing, each investee entity was considered a cash-generating unit (“CGU”);
•Deferred tax asset (see note 32): the expectation of realizing the deferred tax asset is based on projections of future taxable profits and other technical studies;
•Provision for expected credit losses (see notes 12d and 21): the measurement of provisions for expected credit losses on financial assets measured at amortized cost, credit commitments, receivables and financial guarantees provided, requires the use of complex quantitative models and assumptions about future macroeconomic conditions and credit behavior. Several significant judgments are also necessary to apply the accounting requirements for measuring expected credit loss, such as: determining the criteria for assessing a significant increase in credit risk; selecting appropriate quantitative models and assumptions to measure expected credit loss; and establishing different prospective scenarios and their weighting, among others; and.
•Provisions (see note 21): recognition and measurement of provisions, including provisions for legal proceedings. The main assumptions considered relate to the probability and magnitude of resource outflows.
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| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
3.New accounting standards recently issued
New or revised accounting pronouncements adopted in 2026
The following standards, new or revised, have been issued by the IASB and adopted by the Group for the periods covered by this consolidated condensed interim financial information.
•Changes to IFRS 9 – Financial Instruments and IFRS 7 – Financial Instruments Disclosures: issued in May 2024, the changes and clarifications relate to the write-off of financial liabilities through electronic systems, assessment of the contractual characteristics of cash flow in the classification (SPPI Test), such as: financial assets linked to ESG (Environmental, Social and Governance) among other financial instruments. In addition, further disclosures were included regarding equity instruments designated at fair value through other comprehensive income and financial instruments linked to contingent events. Management did not identify any relevant impacts on its consolidated condensed interim financial information, considering the instruments currently recognized by the Group.
•Changes to IFRS 7 – Derecognition Gains and Losses: the changes aim to: disclose deferred differences between fair value and transaction price, and change the classification and measurement of financial instruments, effective from January 1, 2026. Management has not identified any significant impacts on its consolidated condensed interim financial information, considering the instruments currently recognized by the Group.
•Changes to IAS 7 – Statement of Cash Flows: the main change refers to the clarification of paragraph 37, establishing that, when accounting for an investment in an associate, a joint venture, or a subsidiary using the equity method or the cost method, the investor restricts its presentation in the statement of cash flows to cash flows between itself and the investee, for example, dividends and advances. Effective from January 1, 2026. Management has not identified any significant impacts of these changes on its consolidated condensed interim financial information.
•Changes to IFRS 10 – Consolidated Financial Statements: this aims to define control and provide guidance for the transition after the application of the new concept, as well as clarifications regarding the sale or contribution of assets between related entities, effective from January 1, 2026. Management has not identified any significant impacts of these changes on its consolidated condensed interim financial information.
•Changes to IFRS 9 – Financial Instruments: includes clarifications regarding the derecognition of lease liabilities and their implications, effective from January 1, 2026. Management has not identified any significant impacts from these changes on its consolidated condensed interim financial information.
Other new rules and interpretations have been issued, but have not yet come into effect
•IFRS 18 - Presentation and Disclosure in Financial Statements: issued in April 2024, it replaces IAS 1 and introduces additional requirements for financial statements with the aim of improving information for shareholders. It defines three categories for income and expenses: operating, investing, and financing, in addition to including new subtotals. The standard also provides guidance on the disclosure of performance indicators defined by Management and sets specific requirements for companies in the banking and insurance sectors. IFRS 18 will come into effect on January 1, 2027, and Management is evaluating the effects of adopting this standard on the Group's consolidated condensed interim financial information.
•IFRS 19 – Subsidiaries without Public Responsibility - Disclosures: issued in May 2024, the standard defines that a subsidiary without public liability may provide reduced disclosures when applying IFRS accounting standards to its financial statements. The standard is optional for eligible subsidiaries and establishes the disclosure requirements for subsidiaries that choose to apply it. IFRS 19 will come into effect on January 1, 2027, and Management is evaluating the effects of adopting this standard.
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| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
•Changes to IAS 28 – Investments in Associates and Jointly Controlled Entities: the amendment clarifies the eligibility criteria for using the fair value through profit or loss measurement option for investments in associates and joint ventures by entities whose main activity is investing in assets. The amendment will take effect on January 1, 2027. Management is evaluating the impacts of adopting this amendment on the Group's consolidated financial statements.
4.Material accounting policies
The main accounting practices adopted in the preparation of this consolidated condensed interim financial information are the same as those disclosed in the consolidated financial statements for the year ended December 31, 2025.
Basis for consolidation
The table below shows the shareholdings held in the subsidiaries:
| Entity | Branch of Activity | Functional currency | Country | Share in the capital (%) | ||||||||||||||||||||||||||||||||||
| 06/30/2026 | 12/31/2025 | |||||||||||||||||||||||||||||||||||||
| Direct subsidiaries | ||||||||||||||||||||||||||||||||||||||
| Inter Holding de Participações Ltda. | Holding Company | BRL | Brazil | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| INTRGLOBALEU Serviços Administrativos, LDA | Holding Company | EUR | Portugal | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Inter US Holding, Inc, | Holding Company | US$ | USA | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Inter Holding Financeira S.A. | Holding Company | BRL | Brazil | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Inter Marketplace Intermediação de Negócios e Serviços Ltda. | Marketplace | BRL | Brazil | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Landbank Fundo de Investimento em Direitos Creditórios de Responsabilidade Limitada | Investment Fund | BRL | Brazil | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Inter Solutions Ltda. | Provision of services | BRL | Brazil | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Inter Digital Assets – Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. | Virtual Asset Brokerage | BRL | Brazil | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Indirect subsidiaries | ||||||||||||||||||||||||||||||||||||||
| Banco Inter S.A. (a) | Multiple Bank | BRL | Brazil | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Inter Distribuidora de Títulos e Valores Mobiliários Ltda. | Securities broker | BRL | Brazil | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Inter Digital Corretora e Consultoria de Seguros S.A. | Insurance broker | BRL | Brazil | 60.00 | % | 60.00 | % | |||||||||||||||||||||||||||||||
| TBI Fundo De Investimento Renda Fixa Credito Privado | Investment Fund | BRL | Brazil | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Spark Fundo de Investimento Financeiro Multimercado Crédito Privado Investimento no Exterior | Investment Fund | BRL | Brazil | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| IG Fundo de Investimento Renda Fixa Crédito Privado | Investment Fund | BRL | Brazil | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Inter Simples Fundo de Investimento em Direitos Creditórios Multissetorial | Investment Fund | BRL | Brazil | 97.25 | % | 97.86 | % | |||||||||||||||||||||||||||||||
| Acerto Cobrança e Informações Cadastrais S.A. (b) | Provision of services | BRL | Brazil | 100.00 | % | 60.00 | % | |||||||||||||||||||||||||||||||
| Inter&Co Payments, Inc | Provision of services | US$ | USA | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Inter Asset Gestão de Recursos Ltda. (c) | Asset management | BRL | Brazil | 99.91 | % | 70.87 | % | |||||||||||||||||||||||||||||||
| Inter Café Ltda. | Provision of services | BRL | Brazil | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Inter Boutiques Ltda. | Provision of services | BRL | Brazil | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Inter Food Ltda. | Provision of services | BRL | Brazil | 70.00 | % | 70.00 | % | |||||||||||||||||||||||||||||||
| Inter Viagens e Entretenimento Ltda. | Provision of services | BRL | Brazil | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Inter Conectividade Ltda. | Provision of services | BRL | Brazil | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Inter Management, LLC | Provision of services | US$ | USA | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Inter US Finance, LLC | Provision of services | US$ | USA | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Inter Securities LLC | Provision of services | US$ | USA | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Inter Tecnologia e Serviços Financeiros Ltda. | Provision of services | BRL | Brazil | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Inter Pag Instituição de Pagamento S.A. | Provision of services | BRL | Brazil | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Inter Connectivity, LLC (d) | Provision of services | US$ | USA | 100.00 | % | — | ||||||||||||||||||||||||||||||||
| Inter Advisors, LLC | Asset management | US$ | USA | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Subsidiaries | ||||||||||||||||||||||||||||||||||||||
| Inter Hedge Fundo de Investimento Imobiliário | Investment Fund | BRL | Brazil | 100.00 | % | 100.00 | % | |||||||||||||||||||||||||||||||
| Inter Oportunidade Imobiliária Fundo de Investimento (e) | Investment Fund | BRL | Brazil | — | 63.78 | % | ||||||||||||||||||||||||||||||||
(a) On The Institution has two branches abroad: Inter Cayman Branch and Inter US Branch, whose functional currency is the dollar;
(b) On March 16, 2026, Banco Inter entered into a contract to acquire an additional stake equivalent to 20% of the total share capital of Acerto Cobrança e Informações Cadastrais S.A., for R$ 18,350, as previously approved by BACEN in an official letter sent on February 23, 2026. Furthermore, on April 13, 2026, Banco Inter entered into a contract to acquire an additional stake equivalent to 20%. On June 1, 2026, the acquisition of 100% of the share capital of Acerto Cobrança e Informações Cadastrais S.A. was completed, making Banco Inter its sole shareholder. Notwithstanding Banco Inter now holding all of the share capital, the company remains operationally segregated from the other companies in the group;
(c) On January 9, 2026, Banco Inter entered into a contract to acquire an additional stake equivalent to 29.05% of the total share capital of Inter Asset Gestão de Recursos Ltda., for R$ 35,180, as previously approved by BACEN in an official letter sent on November 10, 2025. As a result of the acquisition, Banco Inter came to hold 99.91% of Inter Asset Gestão de Recursos Ltda., an independent asset management, securities portfolio management, and wealth management firm;
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| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
(d) On April 28, 2026, Inter Connectivity, LLC, a wholly owned subsidiary of Inter Marketplace Intermediação de Negócios e Serviços Ltda., was incorporated with the initial objective of concentrating and operationalizing the offering of non-financial products in the United States; and
(e) On June 28, 2026, the Inter Group's stake in the Inter Oportunidade Fund was reduced, now holding 38% of the issued units. As a result of this reduction, the Inter Group ceased to exercise control over the investment fund and consequently failing to perform the accounting consolidation of its assets and liabilities.
5.Operating segments
The operational segments are disclosed based on internal information used by the principal responsible for operational decisions to allocate resources and evaluate performance. The principal responsible for operational decisions, allocating resources, evaluating the performance of the operational segments, and making strategic decisions for Inter&co, is the CEO in conjunction with the Board of Directors.
Profit by operating segment
Each operating segment is composed of one or more legal entities. The measurement of profit by operating segment takes into account all revenues and expenses recognized by the companies that make up each segment.
Transactions between segments are carried out with timeframes and rates consistent with those practiced with third parties, when applicable. The Group does not have any client responsible for more than 10% of its total net revenue.
a.Banking & Spending
This segment includes banking products and services such as checking accounts, debit and credit cards, deposits, loans, customer advances, debt collection activities, and other services provided to customers, primarily through the Inter app. Also included in this segment are foreign exchange services, intercountry remittances, including the Global Account digital solution, smart card payment solutions (including Inter Pag), along with the investment funds consolidated by the Group.
b.Investments
This segment is responsible for operations related to the purchase, sale, and custody of securities, structuring and distribution of securities in the capital market, and operations related to the management of fund portfolios and other assets (purchase, sale, risk management). Revenues are mainly derived from commissions and management fees charged to investors for these services.
c.Insurance Brokerage
This segment, insurance products are offered that are underwritten by insurance companies with which Inter has an agreement (“partner companies”), including guarantees, life, property and auto insurance, and pension products, as well as consortium products provided by a third party with whom Inter has a commercial agreement. Insurance sales commission revenues, net of cancellations, are recognized in the income statement when the services are actually rendered, i.e., when the sale is finalized with the client, when the performance obligation is fulfilled.
d.Inter Shop
This segment includes sales of goods and/or services to Inter's clients through its partners, via our digital platform; as well as the initiative to offer BNPL (Buy Now Pay Later) operations to clients. Segment revenues substantially comprise commissions received from sales and/or the provision of these services.
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| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
Segment information
| 06/30/2026 | |||||||||||||||||||||||||||||||||||||||||||||||
| Banking & Spending | Investments | Insurance Brokerage | Inter Shop | Total of reportable segments | Others | Eliminations | Consolidated | ||||||||||||||||||||||||||||||||||||||||
| Interest income | 5,091,646 | 12,859 | — | 33,686 | 5,138,191 | 53,193 | (17,062) | 5,174,322 | |||||||||||||||||||||||||||||||||||||||
| Interest expenses | (3,586,792) | (9,885) | — | — | (3,596,677) | (15,722) | 49,471 | (3,562,928) | |||||||||||||||||||||||||||||||||||||||
| Income from securities, derivatives and foreign exchange | 2,116,413 | 55,114 | 7,993 | 32,523 | 2,212,043 | 188,848 | (86,601) | 2,314,290 | |||||||||||||||||||||||||||||||||||||||
| Net interest income and income from securities, derivatives and foreign exchange | 3,621,267 | 58,088 | 7,993 | 66,209 | 3,753,557 | 226,319 | (54,192) | 3,925,684 | |||||||||||||||||||||||||||||||||||||||
| Net revenues from services and commissions | 683,943 | 66,143 | 152,881 | 123,474 | 1,026,441 | 42,786 | (41,515) | 1,027,712 | |||||||||||||||||||||||||||||||||||||||
| Expenses from services and commissions | (43,701) | — | (43,945) | (3,989) | (91,635) | — | — | (91,635) | |||||||||||||||||||||||||||||||||||||||
| Other revenues | 228,982 | 11,459 | 20,195 | 18,026 | 278,662 | 94,165 | (157,686) | 215,141 | |||||||||||||||||||||||||||||||||||||||
| Revenues | 4,490,491 | 135,690 | 137,124 | 203,720 | 4,967,025 | 363,270 | (253,393) | 5,076,902 | |||||||||||||||||||||||||||||||||||||||
| Impairment losses on financial assets | (1,626,746) | 321 | — | — | (1,626,425) | (15,275) | — | (1,641,700) | |||||||||||||||||||||||||||||||||||||||
| Revenues net of impairment losses on financial assets | 2,863,745 | 136,011 | 137,124 | 203,720 | 3,340,600 | 347,995 | (253,393) | 3,435,202 | |||||||||||||||||||||||||||||||||||||||
| Administrative expenses | (1,172,931) | (42,930) | (7,861) | (33,734) | (1,257,456) | (24,535) | 41,506 | (1,240,485) | |||||||||||||||||||||||||||||||||||||||
| Personnel expenses | (452,992) | (44,192) | (11,566) | (26,857) | (535,607) | (52,154) | — | (587,761) | |||||||||||||||||||||||||||||||||||||||
| Tax expenses | (257,156) | (9,514) | (15,295) | (25,583) | (307,548) | (107,790) | — | (415,338) | |||||||||||||||||||||||||||||||||||||||
| Depreciation and amortization | (192,073) | (3,234) | (1,121) | (5,161) | (201,589) | (2,101) | — | (203,690) | |||||||||||||||||||||||||||||||||||||||
| Profit before income tax | 788,593 | 36,141 | 101,281 | 112,385 | 1,038,400 | 161,415 | (211,887) | 987,928 | |||||||||||||||||||||||||||||||||||||||
| Income tax | (28,765) | (10,158) | (32,198) | (40,458) | (111,579) | (13,118) | — | (124,697) | |||||||||||||||||||||||||||||||||||||||
| Net income attributable to shareholders of the company and non-controlling interests | 759,828 | 25,983 | 69,083 | 71,927 | 926,821 | 148,297 | (211,887) | 863,231 | |||||||||||||||||||||||||||||||||||||||
| Non-controlling interest | (8,935) | (8) | (27,635) | (10,757) | (47,335) | — | — | (47,335) | |||||||||||||||||||||||||||||||||||||||
| Net income attributable to shareholders of the company | 750,893 | 25,975 | 41,448 | 61,170 | 879,486 | 148,297 | (211,887) | 815,896 | |||||||||||||||||||||||||||||||||||||||
| 06/30/2026 | |||||||||||||||||||||||||||||||||||||||||||||||
| Banking & Spending | Investments | Insurance Brokerage | Inter Shop | Total of reportable segments | Others | Eliminations | Consolidated | ||||||||||||||||||||||||||||||||||||||||
| Total assets | 100,599,063 | 977,459 | 457,530 | 885,769 | 102,919,821 | 5,011,255 | (5,019,554) | 102,911,522 | |||||||||||||||||||||||||||||||||||||||
| Total liabilities | 92,730,492 | 506,736 | 207,767 | 662,744 | 94,107,739 | 964,430 | (2,794,206) | 92,277,963 | |||||||||||||||||||||||||||||||||||||||
| Total equity | 7,868,571 | 470,723 | 249,763 | 223,025 | 8,812,082 | 4,046,825 | (2,225,348) | 10,633,559 | |||||||||||||||||||||||||||||||||||||||
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| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
| 06/30/2025 | |||||||||||||||||||||||||||||||||||||||||||||||
| Banking & Spending | Investments | Insurance Brokerage | Inter Shop | Total of reportable segments | Others | Eliminations | Consolidated | ||||||||||||||||||||||||||||||||||||||||
| Interest income | 3,868,163 | 9,570 | — | 44,641 | 3,922,374 | 28,286 | (15,576) | 3,935,084 | |||||||||||||||||||||||||||||||||||||||
| Interest expenses | (2,633,890) | (7,165) | — | — | (2,641,055) | (7,436) | 45,513 | (2,602,978) | |||||||||||||||||||||||||||||||||||||||
| Income from securities, derivatives and foreign exchange | 1,377,587 | 52,301 | 5,542 | 26,651 | 1,462,081 | 124,325 | (86,411) | 1,499,995 | |||||||||||||||||||||||||||||||||||||||
| Net interest income and income from securities, derivatives and foreign exchange | 2,611,860 | 54,706 | 5,542 | 71,292 | 2,743,400 | 145,175 | (56,474) | 2,832,101 | |||||||||||||||||||||||||||||||||||||||
| Net revenues from services and commissions | 625,669 | 78,010 | 138,677 | 105,762 | 948,118 | 36,880 | (29,946) | 955,052 | |||||||||||||||||||||||||||||||||||||||
| Expenses from services and commissions | (34,120) | — | (44,505) | (5,023) | (83,648) | (160) | — | (83,808) | |||||||||||||||||||||||||||||||||||||||
| Other revenues | 149,371 | 6,133 | 20,130 | 14,806 | 190,440 | 93,094 | (145,997) | 137,537 | |||||||||||||||||||||||||||||||||||||||
| Revenues | 3,352,780 | 138,849 | 119,844 | 186,837 | 3,798,310 | 274,989 | (232,417) | 3,840,882 | |||||||||||||||||||||||||||||||||||||||
| Impairment losses on financial assets | (1,080,843) | (608) | — | — | (1,081,451) | (1,479) | — | (1,082,930) | |||||||||||||||||||||||||||||||||||||||
| Revenues net of impairment losses on financial assets | 2,271,937 | 138,241 | 119,844 | 186,837 | 2,716,859 | 273,510 | (232,417) | 2,757,952 | |||||||||||||||||||||||||||||||||||||||
| Administrative expenses | (970,188) | (55,165) | (8,047) | (33,090) | (1,066,490) | (21,948) | 20,208 | (1,068,230) | |||||||||||||||||||||||||||||||||||||||
| Personnel expenses | (371,984) | (38,425) | (12,158) | (29,878) | (452,445) | (48,931) | 9,738 | (491,638) | |||||||||||||||||||||||||||||||||||||||
| Tax expenses | (217,905) | (10,043) | (13,648) | (24,010) | (265,606) | (47,330) | — | (312,936) | |||||||||||||||||||||||||||||||||||||||
| Depreciation and amortization | (132,649) | (3,205) | (1,268) | (5,718) | (142,840) | (1,236) | — | (144,076) | |||||||||||||||||||||||||||||||||||||||
| Profit before income tax | 579,211 | 31,403 | 84,723 | 94,141 | 789,478 | 154,065 | (202,471) | 741,072 | |||||||||||||||||||||||||||||||||||||||
| Income tax | (30,561) | (9,705) | (28,023) | (33,479) | (101,768) | (352) | — | (102,120) | |||||||||||||||||||||||||||||||||||||||
| Net income attributable to shareholders of the company and non-controlling interests | 548,650 | 21,698 | 56,700 | 60,662 | 687,710 | 153,713 | (202,471) | 638,952 | |||||||||||||||||||||||||||||||||||||||
| Non-controlling interest | (958) | (2,323) | (22,680) | (11,645) | (37,606) | 374 | — | (37,232) | |||||||||||||||||||||||||||||||||||||||
| Net income attributable to shareholders of the company | 547,692 | 19,375 | 34,020 | 49,017 | 650,104 | 154,087 | (202,471) | 601,720 | |||||||||||||||||||||||||||||||||||||||
| 12/31/2025 | |||||||||||||||||||||||||||||||||||||||||||||||
| Banking & Spending | Investments | Insurance Brokerage | Inter Shop | Total of reportable segments | Others | Eliminations | Consolidated | ||||||||||||||||||||||||||||||||||||||||
| Total assets | 96,813,106 | 887,911 | 404,279 | 792,270 | 98,897,566 | 4,958,428 | (5,244,476) | 98,611,518 | |||||||||||||||||||||||||||||||||||||||
| Total liabilities | 88,927,374 | 436,771 | 154,114 | 688,430 | 90,206,689 | 1,146,080 | (3,134,213) | 88,218,556 | |||||||||||||||||||||||||||||||||||||||
| Total equity | 7,885,732 | 451,140 | 250,165 | 103,840 | 8,690,877 | 3,812,348 | (2,110,263) | 10,392,962 | |||||||||||||||||||||||||||||||||||||||
17 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
6.Financial risk management
The Group's risk management encompasses credit, market, liquidity, and operational risks. Risk management activities are carried out by independent and specialized structures, according to pre-defined policies and strategies, with the objective of identifying, measuring, monitoring, mitigating, and controlling exposure to financial and non-financial risks to which Inter is subject.
The model adopted by the Group is organized through governance bodies and committees supported by appropriate methodologies, models, and tools, seeking to ensure, among other things:
•Segregation of duties and independence between business and control areas;
•A dedicated risk management unit responsible for monitoring and reporting to the relevant authorities;
•Formalized management process, with defined responsibilities and information flows;
•Clear rules, a structure of competencies and levels of authority that are compatible with the complexity of the operations;
•Defined limits and margins, aligned with risk appetite and strategic guidelines; and
•Adopting best market practices, seeking continuous improvement in management effectiveness.
a.Credit risk
Credit risk is defined as the possibility of losses arising from the borrower's or counterparty's failure to meet the financial obligations assumed under the agreed terms, as well as the devaluation of credit contracts resulting from an increased risk of borrower default, among other factors.
Financial instruments exposed to credit risk are subject to a rigorous pre-contractual evaluation process, maintained continuously throughout the term of the respective operations. Credit analyses consider the economic and financial capacity of the borrower or counterparty, credit behavior, including payment history, credit reputation in the market, as well as the terms and conditions of each operation, encompassing terms, rates, and guarantees.
The table belows presents the maximum credit risk exposure of financial assets and liabilities:
| 06/30/2026 | 12/31/2025 | |||||||||||||||||||||||||||||||
| Financial Assets | Note | Gross value | Expected loss | Gross value | Expected loss | |||||||||||||||||||||||||||
| Cash and cash equivalents | 8 | 3,106,104 | — | 3,801,513 | — | |||||||||||||||||||||||||||
| Amounts due from financial institutions | 9 | 4,310,463 | (5,723) | 4,313,571 | (1,211) | |||||||||||||||||||||||||||
| Deposits at Central Bank of Brazil | 8,488,431 | — | 7,867,658 | — | ||||||||||||||||||||||||||||
| Securities | 10 | 29,628,472 | (37,814) | 29,057,040 | (46,717) | |||||||||||||||||||||||||||
| Loans and advances to customers | 12 | 51,926,990 | (3,570,114) | 48,251,180 | (3,000,076) | |||||||||||||||||||||||||||
| Other assets (a) | 15 | 153,979 | (1,305) | 114,483 | (858) | |||||||||||||||||||||||||||
| Total | 97,614,439 | (3,614,956) | 93,405,445 | (3,048,862) | ||||||||||||||||||||||||||||
| Financial liabilities | ||||||||||||||||||||||||||||||||
| Loan commitments | 21 | 15,673,078 | (139,405) | 26,750,795 | (204,867) | |||||||||||||||||||||||||||
| Financial guarantees | 21 | 474,652 | (4,843) | 645,589 | (5,125) | |||||||||||||||||||||||||||
| Total | 16,147,730 | (144,248) | 27,396,384 | (209,992) | ||||||||||||||||||||||||||||
(a) Refers to an advance payment on a foreign exchange contract.
Inter Group's main risk exposure is related to loan and customer advance portfolio, as presented in explanatory note no.12, and is mainly represented by operations of:
•Credit card: credit transactions related to credit card limits, mostly without attached guarantees;
•Business loans: working capital operations, receivables, discounts and loans in general, with or without collateral;
18 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
•Real estate loans: loan and financing operations secured by real estate, with collateral linked to the underlying assets;
•Personal loans: loan and payroll deduction card transactions with and without collateral; and
•Agribusiness loans: financing operations for the costs of rural production, investment, marketing and/or industrialization granted to rural producers, with or without collateral.
Mitigation of Exposure
To maintain exposures within the risk levels established by senior management, Inter&Co adopts measures to mitigate credit risk. Credit risk exposure is mitigated through the structuring of guarantees, adapting the level of risk to be incurred to the characteristics of the guarantees provided at the time of granting. Risk indicators are continuously monitored, and proposals for alternative mitigation methods are evaluated whenever the credit risk exposure behavior of any unit, region, product, or segment so requires. Additionally, credit risk mitigation occurs through product repositioning and adjustments to operational processes or transaction approval levels.
Credit standards guide operational units and encompass, among other aspects, the classification, requirement, selection, evaluation, formalization, control, and reinforcement of guarantees, ensuring the adequacy and sufficiency of mitigating instruments throughout the credit cycle.
In 2026, there will be no material changes in the nature of credit risk exposures, how they originate, or the Group's objectives, policies, and processes for managing them, although Inter&Co will continue to continuously improve its internal risk management processes.
i.Concentration by economic sector
The table belows presents the concentration by economic sector related to loans and advances to customers:
| 06/30/2026 | 12/31/2025 | |||||||||||||
| Construction | 2,595,713 | 2,080,490 | ||||||||||||
| Trade | 1,643,186 | 1,658,824 | ||||||||||||
| Industries | 1,118,186 | 1,385,398 | ||||||||||||
| Administrative activities | 976,476 | 785,016 | ||||||||||||
| Financial activities | 487,160 | 406,577 | ||||||||||||
| Real estate activities | 417,981 | 418,840 | ||||||||||||
| Transportation | 225,715 | 261,005 | ||||||||||||
| Agriculture | 57,519 | 69,220 | ||||||||||||
| Other segments (a) | 833,690 | 685,448 | ||||||||||||
| Business clients | 8,355,626 | 7,750,818 | ||||||||||||
| Individual clients | 43,571,364 | 40,500,362 | ||||||||||||
| Total | 51,926,990 | 48,251,180 | ||||||||||||
(a) It refers primarily to communication services, electricity, education, and the arts.
ii.Concentration of the portfolio
The table belows presents the concentration of credit risk related to loans and advances to customers:
| 06/30/2026 | 12/31/2025 | ||||||||||||||||||||||
| Balance | % on Loans and advances to customers | Balance | % on Loans and advances to customers | ||||||||||||||||||||
| Largest debtor | 196,140 | 0.38 | % | 184,344 | 0.38 | % | |||||||||||||||||
| 10 largest debtors | 987,697 | 1.90 | % | 1,014,930 | 2.10 | % | |||||||||||||||||
| 20 largest debtors | 1,497,330 | 2.88 | % | 1,540,450 | 3.19 | % | |||||||||||||||||
| 50 largest debtors | 2,523,175 | 4.86 | % | 2,477,816 | 5.14 | % | |||||||||||||||||
| 100 largest debtors | 3,554,742 | 6.85 | % | 3,383,310 | 7.01 | % | |||||||||||||||||
19 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
iii.Segregation by time period
| 06/30/2026 | 12/31/2025 | |||||||||||||
| Overdue by 1 day or more | 6,545,112 | 5,315,262 | ||||||||||||
| To fall due in up to 3 months | 4,654,885 | 4,576,699 | ||||||||||||
| To fall due between 3 to 12 months | 12,113,556 | 12,413,149 | ||||||||||||
| To fall due in more than 12 months | 28,613,437 | 25,946,070 | ||||||||||||
| Total | 51,926,990 | 48,251,180 | ||||||||||||
Measurement
Measurement of credit risk at the Group is carried out considering the following:
•At the time of granting credit, an assessment of the client's financial situation is carried out through the application of qualitative and quantitative methods, in order to support the adequacy of the risk exposure;
•The assessment is performed at the counterparty level and considers information on collateral, where applicable. Credit risk exposure is measured under extreme scenarios through stress tests and analysis of macroeconomic conditions—such as interest rates, unemployment rates, inflation indices, and economic activity; and
•The models used to determine the internal rating of customers and loans are periodically reviewed to ensure they reflect the expected losses, as detailed in explanatory note 12. The estimate of expected losses on financial assets is divided into three categories (stages):
•Stage 1: financial assets that have not shown a significant increase in credit risk;
•Stage 2: financial assets that have shown a significant increase in credit risk; and
•Stage 3: financial assets that have shown indications that they will not be fully honored under the originally agreed terms, or that are involved in bankruptcy proceedings, judicial reorganization, debt restructuring, or that require the enforcement of guarantees. Therefore, they are characterized as problematic assets.
•Payment delays in portfolios are monitored to identify trends or changes in credit behavior and allow for the adoption of mitigating measures when necessary;
•Expected credit loss reflects the risk level of loans and allows for monitoring and controlling the portfolio's exposure level and the adoption of risk mitigation measures;
•Expected credit loss is a forecast of the risk levels of the loan portfolio. Its calculation is based on the historical payment behavior and the portfolio's distribution by product and risk level. This is a fundamental contribution to the process of setting prices for loans and advances to customers.
•In addition to monitoring and measuring indicators under normal conditions, simulations of changes in the business environment and economic scenario are also carried out. This is done with the aim of predicting the impact of these changes on risk exposure levels, provisions and portfolio balance, as well as to support the process of reviewing exposure limits and credit risk policy; and
•Expected losses are calculated by multiplying the credit risk parameters, as follows:
▪Probability of Default (PD): this refers to the probability of the client defaulting on their agreed obligations, according to internal evaluation models based on statistical methodologies. These models consider client behavior, internal ratings, business segments, product characteristics and warranties, as well as financial information and qualitative analyses from experts;
20 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
▪Loss Given Default (LGD): this refers to the percentage of loss relative to exposure in cases of default events, considering recovery efforts. Internal evaluation models are based on statistical methodologies that take into account the characteristics of the operation, such as product and warranty; and
▪Exposure at Default (EAD): this refers to the book value of the exposure at the time the expected loss is estimated. In the case of credit commitments or receivables to be released, the EAD will include the expected value of converting these amounts into exposure on the part of the customers.
b.Description of guarantees
Potential losses related to financial instruments are mitigated by the use of various types of real guarantees, formalized through legal instruments. The evaluation/re-evaluation of the effectiveness of the guarantees is carried out at least once every twelve months, considering the characteristics of the asset given as collateral, its market value, and the legal security of the contracts.
The main forms of collateral are: term deposits; financial investments; securities; residential and commercial real estate; vehicles; promissory notes and credit card invoices. Among the guarantees and sureties, bank guarantees stand out.
Payroll loans, substantially represented by payroll-deducted credit cards and personal loans, are deducted directly from borrowers' pensions, income, or salaries and settled directly by the entity responsible for making these payments (a private company or government agency). Credit cards generally do not have collateral.
Guarantees of real estate loans and financing
The guarantees for a Real Estate Loan Portfolio are substantially constituted by the financed property. The following table demonstrates the value of loans secured by real estate, segregated by Loan to Value (LTV). LTV is the ratio between the value of a loan and the value of the financed asset. When it is higher, it may signal a greater risk for the lender, since it indicates a lower participation of the borrower's own capital in the transaction.
| 06/30/2026 | 12/31/2025 | ||||||||||
| Less than or equal to 30% | 2,752,728 | 2,565,053 | |||||||||
| Greater than 30% and less than or equal to 50% | 4,872,550 | 4,432,991 | |||||||||
| Greater than 50% and less than or equal to 70% | 6,622,315 | 6,646,170 | |||||||||
| Greater than 70% and less than or equal to 90% | 3,874,372 | 2,415,905 | |||||||||
| Greater than 90% | 127,903 | 134,603 | |||||||||
| Total | 18,249,868 | 16,194,722 | |||||||||
c.Liquidity risk
Liquidity risk represents the possibility that the Group may not be able to efficiently meet its financial obligations, whether expected or unexpected, including obligations arising from guarantees granted and extraordinary redemptions by clients. This risk also covers scenarios in which Inter&Co may face difficulties in liquidating assets at market prices, either due to the significant volume of the operation in relation to usual activity, or due to market disruptions or dysfunctions.
Liquidity risk is managed institutionally through a governance structure with responsibilities clearly distributed among the Board of Directors, the Assets and Liabilities Committee (ALCO), the Risk Committee, and the Risk Management Office (CRO). Specifically, the Risk Management Office is responsible for the continuous monitoring and tracking of liquidity risk exposure.
21 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
The risk management structure operates independently and proactively, aiming to continuously monitor liquidity indicators and prevent any exceeding of established limits. Management comprehensively covers Inter&Co's cash inflows and outflows, allowing for the timely implementation of mitigation actions when necessary.
Liquidity risk monitoring is performed daily, and its follow-up is conducted periodically by the Assets and Liabilities Committee (ALCO), which systematically evaluates the available information, including:
•Analysis of the mismatch between assets and liabilities, net inflows, and maturity forecasts;
•Monitoring of liquidity limits and ratios;
•Concentration of investors and exposure to liquidity risk of the Group;
•Stress tests and liquidity contingency plans; and
•Periodic reports on the positions of Inter and its subsidiaries.
The structure considers internal and external factors that impact the Group's liquidity, carrying out detailed daily monitoring of incoming and outgoing loan and customer advance transactions, Certificates of Deposit (CDB), Savings Deposits, Agribusiness Credit Notes (LCA), Real Estate Credit Notes (LCI), Guaranteed Real Estate Notes (LIG), Financial Notes (LF) and Demand Deposits.
The information presented in note 6.d constitutes a relevant component of liquidity risk monitoring and is observed and used by the Group in this context.
Up to the base date of June 30, 2026, there have been no material changes in the nature of liquidity risk exposures, monitoring methodologies, internal policies, and the Group's processes for managing them. The Group, however, continues to improve its internal risk management processes.
22 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
d.Analyses of financial instruments by remaining contractual term
The table below presents the projected future realizable value of the Group’s financial assets and liabilities by contractual term:
| Current | Non-Current | Total | Total | ||||||||||||||||||||||||||||||||||||||||||||
| Note | 1 to 30 days | 31 to 180 days | 181 to 365 days | 1 to 5 Years | Over 5 years | 06/30/2026 | 12/31/2025 | ||||||||||||||||||||||||||||||||||||||||
| Financial assets | |||||||||||||||||||||||||||||||||||||||||||||||
| Cash and cash equivalents | 8 | 3,106,104 | — | — | — | — | 3,106,104 | 3,801,513 | |||||||||||||||||||||||||||||||||||||||
| Amounts due from financial institutions, net of provisions for expected credit losses | 9 | 3,768,049 | 1,292,980 | 126,055 | — | — | 5,187,084 | 4,600,218 | |||||||||||||||||||||||||||||||||||||||
| Deposits at Central Bank of Brazil | 8,488,431 | — | — | — | — | 8,488,431 | 7,867,658 | ||||||||||||||||||||||||||||||||||||||||
| Securities, net of provisions for expected credit losses | 10 | 1,634,604 | 3,634,873 | 2,433,533 | 18,879,255 | 3,008,393 | 29,590,658 | 29,010,323 | |||||||||||||||||||||||||||||||||||||||
| Derivative financial instruments | 11 | 1,398 | 13,238 | 16 | 1,724 | 2,160 | 18,536 | 58,915 | |||||||||||||||||||||||||||||||||||||||
| Loans and advances to customers, net of provisions for expected credit losses | 12.a | 895,771 | 6,573,893 | 8,898,492 | 9,881,999 | 22,106,721 | 48,356,876 | 45,251,104 | |||||||||||||||||||||||||||||||||||||||
| Other assets (a) | 15 | 160,620 | 37,367 | 17,727 | 121,537 | 354,495 | 691,746 | 651,808 | |||||||||||||||||||||||||||||||||||||||
| Total | 18,054,977 | 11,552,351 | 11,475,823 | 28,884,515 | 25,471,769 | 95,439,435 | 91,241,539 | ||||||||||||||||||||||||||||||||||||||||
| Financial liabilities | |||||||||||||||||||||||||||||||||||||||||||||||
| Deposits from customers (b) | 16 | 19,433,578 | 3,956,324 | 6,456,116 | 26,850,670 | — | 56,696,688 | 54,883,084 | |||||||||||||||||||||||||||||||||||||||
| Deposits from banks | 17 | 15,393,962 | 43,179 | 90,233 | — | — | 15,527,374 | 14,585,704 | |||||||||||||||||||||||||||||||||||||||
| Securities issued | 18 | 573,763 | 3,238,800 | 2,333,533 | 8,678,579 | 1,355,307 | 16,179,982 | 14,127,144 | |||||||||||||||||||||||||||||||||||||||
| Derivative financial instruments | 11 | 3,881 | 4,813 | 1,576 | 7,456 | 5,871 | 23,597 | 54,114 | |||||||||||||||||||||||||||||||||||||||
| Borrowings and on-lending | 19 | 8 | 264,277 | 302,105 | 265,086 | 175 | 831,651 | 817,495 | |||||||||||||||||||||||||||||||||||||||
| Other liabilities (c) | 22 | — | — | 2,381 | 105,342 | — | 107,723 | 118,550 | |||||||||||||||||||||||||||||||||||||||
| Total | 35,405,192 | 7,507,393 | 9,185,944 | 35,907,133 | 1,361,353 | 89,367,015 | 84,586,091 | ||||||||||||||||||||||||||||||||||||||||
| Asset/Liability Difference (d) | (17,350,215) | 4,044,958 | 2,289,879 | (7,022,618) | 24,110,416 | 6,072,420 | 6,655,448 | ||||||||||||||||||||||||||||||||||||||||
(a) Other financial assets consist substantially of advance payments on foreign exchange contracts, commissions and bonuses receivable, and premiums or discounts on financial asset transfer transactions;
(b) In general, fixed-term deposits (CDBs) are issued with an early liquidity clause, and the client (counterparty) can redeem them at any time until the final maturity date. For disclosure purposes, CDBs are allocated according to the number of days remaining until maturity. However, for risk management purposes, considering both market risk and liquidity risk, a methodology (statistical behavior model) is used that focuses on allocating positions (CDBs) to a more likely maturity date;
(c) Composed of financial liabilities from leases, as per explanatory note 22.b; and
(d) The observed mismatches stem from the different characteristics and contractual terms of the financial assets and liabilities, and do not necessarily represent limitations in the institution's effective liquidity position.
23 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
e.Financial assets and liabilities using a current/non-current classification
The following table represents Inter&Co's financial assets and liabilities, segregated into current (expected to be realized within 12 months of the balance sheet date) and non-current (expected to be realized more than 12 months after the balance sheet date), taking into account their remaining contractual term at the date of the consolidated financial statements:
| 06/30/2026 | ||||||||||||||||||||
| Note | Current | Non-current | Total | |||||||||||||||||
| Financial assets | ||||||||||||||||||||
| Cash and cash equivalents | 8 | 3,106,104 | — | 3,106,104 | ||||||||||||||||
| Amounts due from financial institutions, net of provisions for expected credit losses | 9 | 5,187,084 | — | 5,187,084 | ||||||||||||||||
| Deposits at Central Bank of Brazil | 8,488,431 | — | 8,488,431 | |||||||||||||||||
| Securities, net of provisions for expected credit losses | 10 | 7,703,010 | 21,887,648 | 29,590,658 | ||||||||||||||||
| Derivative financial instruments | 11 | 14,652 | 3,884 | 18,536 | ||||||||||||||||
| Loans and advances to customers, net of provisions for expected credit losses | 12 | 16,368,156 | 31,988,720 | 48,356,876 | ||||||||||||||||
| Other assets (a) | 15 | 215,714 | 476,032 | 691,746 | ||||||||||||||||
| Total | 41,083,151 | 54,356,284 | 95,439,435 | |||||||||||||||||
| Financial liabilities | ||||||||||||||||||||
| Deposits from customers (b) | 16 | 29,846,018 | 26,850,670 | 56,696,688 | ||||||||||||||||
| Deposits from banks | 17 | 15,527,374 | — | 15,527,374 | ||||||||||||||||
| Securities issued | 18 | 6,146,096 | 10,033,886 | 16,179,982 | ||||||||||||||||
| Derivative financial instruments | 11 | 10,270 | 13,327 | 23,597 | ||||||||||||||||
| Borrowings and on-lending | 19 | 566,390 | 265,261 | 831,651 | ||||||||||||||||
| Other liabilities (c) | 22 | 2,381 | 105,342 | 107,723 | ||||||||||||||||
| Total | 52,098,529 | 37,268,486 | 89,367,015 | |||||||||||||||||
(a) Other financial assets consist substantially of advance payments on foreign exchange contracts, commissions and bonuses receivable, and premiums or discounts on financial asset transfer transactions;
(b) In general, fixed-term deposits (CDBs) are issued with an early liquidity clause, and the client (counterparty) can redeem them at any time until the final maturity date. For disclosure purposes, CDBs are allocated according to the number of days remaining until maturity. However, for risk management purposes, considering both market risk and liquidity risk, a methodology (statistical behavior model) is considered that focuses on allocating positions (CDBs) to a more likely maturity date; and
(c) Composed of financial liabilities from leases, as per explanatory note 22.b.
24 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
| 12/31/2025 | ||||||||||||||||||||
| Note | Current | Non-current | Total | |||||||||||||||||
| Financial assets | ||||||||||||||||||||
| Cash and cash equivalents | 8 | 3,801,513 | — | 3,801,513 | ||||||||||||||||
| Amounts due from financial institutions, net of provisions for expected credit losses | 9 | 4,600,218 | — | 4,600,218 | ||||||||||||||||
| Deposits at Central Bank of Brazil | 7,867,658 | — | 7,867,658 | |||||||||||||||||
| Securities, net of provisions for expected credit losses | 10 | 5,336,220 | 23,674,103 | 29,010,323 | ||||||||||||||||
| Derivative financial instruments | 11 | 58,915 | — | 58,915 | ||||||||||||||||
| Loans and advances to customers, net of provisions for expected credit losses | 12 | 16,529,364 | 28,721,740 | 45,251,104 | ||||||||||||||||
| Other assets (a) | 15 | 162,091 | 489,717 | 651,808 | ||||||||||||||||
| Total | 38,355,979 | 52,885,560 | 91,241,539 | |||||||||||||||||
| Financial liabilities | ||||||||||||||||||||
| Deposits from customers (b) | 16 | 27,819,621 | 27,063,463 | 54,883,084 | ||||||||||||||||
| Deposits from banks | 17 | 14,585,704 | — | 14,585,704 | ||||||||||||||||
| Securities issued | 18 | 5,289,085 | 8,838,059 | 14,127,144 | ||||||||||||||||
| Derivative financial instruments | 11 | 52,958 | 1,156 | 54,114 | ||||||||||||||||
| Borrowings and on-lending | 19 | 285,089 | 532,406 | 817,495 | ||||||||||||||||
| Other liabilities (c) | 22 | 4,633 | 113,917 | 118,550 | ||||||||||||||||
| Total | 48,037,090 | 36,549,001 | 84,586,091 | |||||||||||||||||
(a) Other financial assets consist substantially of advance payments on foreign exchange contracts, commissions and bonuses receivable, and premiums or discounts on financial asset transfer transactions;
(b) In general, fixed-term deposits (CDBs) are issued with an early liquidity clause, and the client (counterparty) can redeem them at any time until the final maturity date. For disclosure purposes, CDBs are allocated according to the number of days remaining until maturity. However, for risk management purposes, considering both market risk and liquidity risk, a methodology (statistical behavior model) is considered that focuses on allocating positions (CDBs) to a more likely maturity date; and
(c) Composed of financial liabilities from leases, as per explanatory note 22.b.
f.Market risk
Market risk is defined as the possibility of losses resulting from fluctuations in the market values of positions held by the Institution and its subsidiaries, including the risks of operations subject to exchange rate variations, interest rates, stock prices, and commodity prices.
Market risk management aims primarily to support business areas by establishing processes and implementing the necessary tools for assessing and controlling related risks. This structure enables the measurement and monitoring of risk levels according to guidelines established by senior management. Monitoring is carried out daily, with periodic follow-up conducted by the Assets and Liabilities Committee (ALCO). Market risk controls allow for the analytical evaluation of information and are in a constant process of improvement.
Measurement
Within the risk management process, Inter&Co classifies its operations, including derivative financial instruments, as follows:
•Trading book: This includes all transactions intended for trading before their contractual expiration or intended to hedge the trading portfolio and that are not subject to limitations on their negotiability.
•Banking book: This includes transactions not classified in the trading portfolio.
Aligned with best market practices, the Group manages its risks dynamically, seeking to identify, measure, evaluate, monitor, report, control, and mitigate market risk exposures from its own positions. One of the main evaluation tools is the value at risk (VaR) model, calculated using a parametric methodology, with a 99% confidence level and a 21-business-day time horizon.
25 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
The value-at-risk for the Trading Book positions are as follows:
| Risk factor | 06/30/2026 | 12/31/2025 | ||||||||||||
| IPCA Coupon (a) | 3,156 | 5,370 | ||||||||||||
| Fixed rate | 617 | 401 | ||||||||||||
| USD Coupon | 617 | 5,734 | ||||||||||||
| Foreign currencies | 21,740 | 18,740 | ||||||||||||
| Share price | 440 | 70 | ||||||||||||
| Subtotal | 26,570 | 30,315 | ||||||||||||
| Diversification effects (correlation) | 5,591 | 12,270 | ||||||||||||
| Value-at-Risk | 20,979 | 18,045 | ||||||||||||
| VaR over assets | 0.02 | % | 0.02 | % | ||||||||||
(a) Price index coupon is composed of the risk factors IPCA (consumer price index calculated by IBGE - Brazilian Institute of Geography and Statistics) and IGPM (General Price Index - Market), calculated by Fundação Getulio Vargas (FGV).
The VaR of the banking portfolio are as follows:
| Risk factor | 06/30/2026 | 12/31/2025 | ||||||||||||
| IPCA Coupon (a) | 480,408 | 869,347 | ||||||||||||
| Fixed rate | 79,784 | 74,245 | ||||||||||||
| TR Coupon (b) | 73,478 | 34,499 | ||||||||||||
| Others | 85,566 | 294,141 | ||||||||||||
| Subtotal | 719,236 | 1,272,232 | ||||||||||||
| Diversification effects (correlation) | 90,374 | 325,523 | ||||||||||||
| Value-at-Risk | 628,862 | 946,709 | ||||||||||||
| VaR over assets | 0.61 | % | 0.96 | % | ||||||||||
(a) Price index coupon is composed of the risk factors IPCA (consumer price index calculated by IBGE - Brazilian Institute of Geography and Statistics) and IGPM (General Price Index - Market), calculated by Fundação Getulio Vargas (FGV); and
(b) The interest rate coupon is equivalent to the Reference Rate (TR) and is one of the components that define the profitability of savings and the FGTS (Service Time Guarantee Fund).
i.Sensitivity analysis
To determine the sensitivity of the Group's economic value to market movements, the mark-to-market (MTM) delta of assets and liabilities was calculated in different scenarios, considering relevant risk factors, during the analyzed period. The results that would negatively affect the Group's positions are presented below:
•Scenario 1: applying shocks of 1 basis point to interest rates and a 1% variation to prices (foreign currencies and stocks), based on available market information;
•Scenario 2: shocks of 25% variation in market curves and prices; and
•Scenario 3: shocks of 50% variation in market curves and prices.
It should be noted that the impacts reflect a static view of the portfolio. Market dynamism and portfolio composition fluctuations mean that these positions change continuously, not necessarily reflecting the Group's future position. The Group has an ongoing process for monitoring market risk and, in the event of a deterioration in its position or portfolio, implements mitigating actions to minimize potential negative effects.
26 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
| Exposures | ||||||||||||||||||||||||||||||||||||||
| Banking and Trading book | Scenarios | 06/30/2026 | ||||||||||||||||||||||||||||||||||||
| Risk factor | Rate variation in scenario 1 | Scenario 1 | Rate variation in scenario 2 | Scenario 2 | Rate variation in scenario 3 | Scenario 3 | ||||||||||||||||||||||||||||||||
| IPCA coupon (a) | increase | (5,942) | increase | (1,032,367) | increase | (1,845,907) | ||||||||||||||||||||||||||||||||
| Fixed rate | increase | (1,249) | increase | (408,347) | increase | (762,651) | ||||||||||||||||||||||||||||||||
| TR coupon (b) | increase | (539) | increase | (134,875) | increase | (231,829) | ||||||||||||||||||||||||||||||||
| USD coupon | decrease | (35) | decrease | (5,476) | decrease | (11,079) | ||||||||||||||||||||||||||||||||
| Others | decrease | (3,125) | decrease | (78,131) | decrease | (156,262) | ||||||||||||||||||||||||||||||||
(a) IPCA is a consumer price index calculated by the IBGE - Brazilian Institute of Geography and Statistics; and
(b) The Reference Rate (TR) is one of the components that determine the profitability of savings accounts and the FGTS (Severance Indemnity Fund).
| Exposures | ||||||||||||||||||||||||||||||||||||||
| Banking and Trading book | Scenarios | 12/31/2025 | ||||||||||||||||||||||||||||||||||||
| Risk factor | Rate variation in scenario 1 | Scenario 1 | Rate variation in scenario 2 | Scenario 2 | Rate variation in scenario 3 | Scenario 3 | ||||||||||||||||||||||||||||||||
| IPCA coupon (a) | increase | (5,638) | increase | (914,806) | increase | (1,648,619) | ||||||||||||||||||||||||||||||||
| Fixed rate | increase | (4,362) | increase | (1,379,571) | increase | (2,590,233) | ||||||||||||||||||||||||||||||||
| TR coupon (b) | increase | (511) | increase | (122,128) | increase | (208,431) | ||||||||||||||||||||||||||||||||
| USD coupon | decrease | (46) | decrease | (8,085) | decrease | (16,369) | ||||||||||||||||||||||||||||||||
| Others | decrease | (2,554) | decrease | (63,843) | decrease | (127,687) | ||||||||||||||||||||||||||||||||
(a) IPCA is a consumer price index calculated by the IBGE - Brazilian Institute of Geography and Statistics; and
(b) The Reference Rate (TR) is one of the components that determine the profitability of savings accounts and the FGTS (Severance Indemnity Fund).
g.Operational risk
Policy
Inter considers the management of operational risks strategic for the success, transparency, and longevity of its business. The adoption of best practices is essential for sustainability and growth.
Operational risk management aims to identify, assess, and monitor risks, and is defined as the risk of losses resulting from inadequate or faulty internal processes, people, and systems, or external events. This definition includes legal risk, but excludes strategic and reputational risk.
Operational risk events can be classified:
•Internal frauds;
•External frauds;
•Labor demands and poor workplace safety;
•Inappropriate practices relating to end users, customers, products and services;
•Damage to physical assets owned or used by the institution;
•Situations that lead to the interruption of the institution's activities or the discontinuation of services provided, including payments;
•Failures in information technology (IT) systems, processes or infrastructure; and
•Failures in the execution, meeting deadlines, or management of the institution's activities, including those related to payment arrangements.
For payment activities, the clauses include:
I - failures in the protection and security of sensitive data related to both end-user credentials and other information exchanged for the purpose of carrying out payment transactions;
II - failures in the identification and authentication of the end user in a payment transaction;
III - failures in the authorization of payment transactions; and
IV - failures in initiating payment transactions.
Inter adopts the management model of the three lines of defense in light of its size, business model and risk appetite.
27 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
Operational Risk Management
The operational risk management structure, including technological and cyber risks, promotes an organizational culture focused on prevention and effective risk management. This approach encompasses both a forward-looking view to anticipate future risks and a historical perspective to analyze trends and patterns of losses.
These procedures are supported by market tools, best practices based on international frameworks, a Risk Appetite Statement (RAS) approved by the Board of Directors, as well as a system of internal controls, independently assessed for their effectiveness and execution, in order to ensure compliance with the risk appetite limits defined by the Company.
7.Fair value of financial assets and liabilities
Financial instruments are classified into the following measurement categories:
•Fair value through profit or loss (FVTPL);
•Fair value through other comprehensive income (FVOCI); and
•Amortized cost.
The measurement of the fair value of a financial asset or liability is classified into one of three approaches based on the type of information used for valuation, known as fair value hierarchy levels:
•Level 1 – Includes financial instruments whose fair values are based on quoted (unadjusted) prices in active markets for identical assets or liabilities.
An active market is one in which transactions for the measured asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.
•Level 2 – It includes assets and liabilities that do not have prices directly available in active markets, and are priced using conventional or internal models.
The methodology used for measuring financial assets and liabilities classified as "Level 2" employs observable information for the asset or liability at market: (i) quoted prices of similar items in an active market; (ii) identical items in an inactive market; or (iii) other information extracted from related markets.
•Level 3 – It utilizes unobservable information for the asset or liability, allowing the application of internal models and techniques.
The following table presents the composition of financial instruments according to their accounting classification: fair value through profit or loss (FVPL), fair value through other comprehensive income (FVOCI), and amortized cost. It also shows the carrying amounts and fair values of the financial instruments, including their levels in the fair value hierarchy. Inter does not include fair value information for financial assets and liabilities when the carrying amount is a reasonable approximation of fair value.
28 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
a.Fair value through profit or loss (FVTPL) - Hierarchy Levels
| 06/30/2026 | ||||||||||||||||||||||||||
| Financial assets | Level 1 | Level 2 | Level 3 | Fair Value | ||||||||||||||||||||||
| Bonds and shares issued by non-financial companies | — | 965,397 | — | 965,397 | ||||||||||||||||||||||
| Investment funds shares | 232,835 | 667,339 | — | 900,174 | ||||||||||||||||||||||
| Brazilian government securities | 491,809 | — | — | 491,809 | ||||||||||||||||||||||
| Securities issued by financial institutions | — | 124,170 | — | 124,170 | ||||||||||||||||||||||
| Securities issued abroad | 17,229 | — | — | 17,229 | ||||||||||||||||||||||
| Derivative financial instruments | — | 18,536 | — | 18,536 | ||||||||||||||||||||||
| Total | 741,873 | 1,775,442 | — | 2,517,315 | ||||||||||||||||||||||
| Financial liabilities | ||||||||||||||||||||||||||
| Derivative financial instruments | — | 23,597 | — | 23,597 | ||||||||||||||||||||||
| Total | — | 23,597 | — | 23,597 | ||||||||||||||||||||||
| 12/31/2025 | ||||||||||||||||||||||||||
| Financial assets | Level 1 | Level 2 | Level 3 | Fair Value | ||||||||||||||||||||||
| Bonds and shares issued by non-financial companies | — | 297,752 | — | 297,752 | ||||||||||||||||||||||
| Investment funds shares | 258,626 | 280,559 | — | 539,185 | ||||||||||||||||||||||
| Brazilian government securities | 485,596 | — | — | 485,596 | ||||||||||||||||||||||
| Securities issued by financial institutions | — | 672,512 | — | 672,512 | ||||||||||||||||||||||
| Securities issued abroad | 29,148 | — | — | 29,148 | ||||||||||||||||||||||
| Derivative financial instruments | — | 58,915 | — | 58,915 | ||||||||||||||||||||||
| Total | 773,370 | 1,309,738 | — | 2,083,108 | ||||||||||||||||||||||
| Financial liabilities | ||||||||||||||||||||||||||
| Derivative financial instruments | — | 54,114 | — | 54,114 | ||||||||||||||||||||||
| Total | — | 54,114 | — | 54,114 | ||||||||||||||||||||||
b.Fair value through other comprehensive income (FVOCI) - Hierarchy Levels
| 06/30/2026 | ||||||||||||||||||||||||||
| Financial assets | Level 1 | Level 2 | Level 3 | Fair Value | ||||||||||||||||||||||
| Brazilian government securities | 19,225,958 | — | — | 19,225,958 | ||||||||||||||||||||||
| Securities issued abroad | — | 4,462,905 | — | 4,462,905 | ||||||||||||||||||||||
| Bonds and shares issued by non-financial companies | — | 763,777 | — | 763,777 | ||||||||||||||||||||||
| Securities issued by financial institutions | — | 213,783 | — | 213,783 | ||||||||||||||||||||||
| Total | 19,225,958 | 5,440,465 | — | 24,666,423 | ||||||||||||||||||||||
| 12/31/2025 | ||||||||||||||||||||||||||
| Financial assets | Level 1 | Level 2 | Level 3 | Fair Value | ||||||||||||||||||||||
| Brazilian government securities | 20,298,248 | — | — | 20,298,248 | ||||||||||||||||||||||
| Securities issued abroad | 993,494 | 2,741,439 | — | 3,734,933 | ||||||||||||||||||||||
| Bonds and shares issued by non-financial companies | — | 581,390 | — | 581,390 | ||||||||||||||||||||||
| Securities issued by financial institutions | — | 107,671 | — | 107,671 | ||||||||||||||||||||||
| Total | 21,291,742 | 3,430,500 | — | 24,722,242 | ||||||||||||||||||||||
29 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
c.Financial instruments that are not measured at fair value - Hierarchy Levels
The table below shows the book and fair values of financial instruments that were not presented at fair value in the balance sheet, as well as their categorization by hierarchical levels.
| 06/30/2026 | ||||||||||||||||||||||||||||||||
| Financial Assets | Level 1 | Level 2 | Level 3 | Fair Value | Book Value | |||||||||||||||||||||||||||
| Loans and advances to customers, net of provisions for expected credit losses | — | — | 47,722,445 | 47,722,445 | 48,356,876 | |||||||||||||||||||||||||||
| Amounts due from financial institutions, net of provisions for expected credit losses | — | — | 5,156,250 | 5,156,250 | 5,187,084 | |||||||||||||||||||||||||||
| Deposits at Central Bank of Brazil | — | — | — | 8,488,431 | 8,488,431 | |||||||||||||||||||||||||||
| Cash and cash equivalents | — | — | — | 3,106,104 | 3,106,104 | |||||||||||||||||||||||||||
| Securities | 1,243,929 | 545,361 | 500,530 | 2,289,820 | 2,425,456 | |||||||||||||||||||||||||||
| Total | 1,243,929 | 545,361 | 53,379,225 | 66,763,050 | 67,563,951 | |||||||||||||||||||||||||||
| Financial Liabilities | ||||||||||||||||||||||||||||||||
| Deposits from customers | — | 56,734,204 | — | 56,734,204 | 56,696,688 | |||||||||||||||||||||||||||
| Deposits from banks | — | 15,527,466 | — | 15,527,466 | 15,527,374 | |||||||||||||||||||||||||||
| Securities issued | — | 16,204,331 | — | 16,204,331 | 16,179,982 | |||||||||||||||||||||||||||
| Borrowings and on-lending | — | 831,651 | — | 831,651 | 831,651 | |||||||||||||||||||||||||||
| Total | — | 89,297,652 | — | 89,297,652 | 89,235,695 | |||||||||||||||||||||||||||
| 12/31/2025 | ||||||||||||||||||||||||||||||||
| Financial Assets | Level 1 | Level 2 | Level 3 | Fair Value | Book Value | |||||||||||||||||||||||||||
| Loans and advances to customers, net of provisions for expected credit losses | — | — | 45,007,406 | 45,007,406 | 45,251,104 | |||||||||||||||||||||||||||
| Amounts due from financial institutions, net of provisions for expected credit losses | — | — | 4,595,148 | 4,595,148 | 4,600,218 | |||||||||||||||||||||||||||
| Deposits at Central Bank of Brazil | — | — | — | 7,867,658 | 7,867,658 | |||||||||||||||||||||||||||
| Cash and cash equivalents | — | — | — | 3,801,513 | 3,801,513 | |||||||||||||||||||||||||||
| Securities | 1,184,277 | 405,523 | 558,471 | 2,148,271 | 2,263,888 | |||||||||||||||||||||||||||
| Total | 1,184,277 | 405,523 | 50,161,025 | 63,419,996 | 63,784,381 | |||||||||||||||||||||||||||
| Financial Liabilities | ||||||||||||||||||||||||||||||||
| Deposits from customers | — | 54,911,778 | — | 54,911,778 | 54,883,084 | |||||||||||||||||||||||||||
| Deposits from banks | — | 14,585,740 | — | 14,585,740 | 14,585,704 | |||||||||||||||||||||||||||
| Securities issued | — | 14,174,392 | — | 14,174,392 | 14,127,144 | |||||||||||||||||||||||||||
| Borrowings and on-lending | — | 817,495 | — | 817,495 | 817,495 | |||||||||||||||||||||||||||
| Total | — | 84,489,405 | — | 84,489,405 | 84,413,427 | |||||||||||||||||||||||||||
Loans and advances to customers, Amounts due from financial institutions, net of provision: Fair value is estimated for groups of loans with similar financial and risk characteristics, net of provision. It is calculated by discounting the projected cash flows of principal and interest to maturity, using a rate proportional to the risk associated with the estimated cash flows. The assumptions related to cash flows and discount rates are determined using market-available information and credit risk assessments associated with the customers.
Required reserves at the Central Bank of Brazil and cash and cash equivalents: The carrying amount of these instruments approximates their fair value.
Brazilian government bonds: Market-quoted prices are the best indicators of the fair values of these financial instruments.
30 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
Securities and Bonds Issued Abroad: Market-quoted prices are the best indicators of the fair values of these financial instruments, and can be priced using conventional or internal models, with inputs obtained directly or constructed from observations of active markets, or even generated by statistical and mathematical models.
Other Financial Assets and Liabilities: The carrying amounts of these instruments closely approximate their fair values.
Deposits from customers, deposits from banks and issued securities: These are calculated by discounting the estimated cash flows using market interest rates.
During the period ended June 30, 2026, there was no change in the measurement method for financial instruments that resulted in the reclassification of financial assets and liabilities between different levels of the fair value hierarchy.
8.Cash and cash equivalents
| 06/30/2026 | 12/31/2025 | |||||||||||||
| Cash and equivalents in foreign currency | 1,608,255 | 2,891,189 | ||||||||||||
| Cash and equivalents in national currency | 319,910 | 247,183 | ||||||||||||
| Reverse repurchase agreements (a) | 1,177,939 | 663,141 | ||||||||||||
| Total | 3,106,104 | 3,801,513 | ||||||||||||
(a) Refers to transactions whose maturities, at the date of application, were equal to or less than 90 days and present an insignificant risk of change in fair value. Due to the short term and low volatility of these financial instruments, no provision for losses was established, since the credit risk is considered minimal and there is no expectation of significant variations in market value until maturity.
9.Amounts due from financial institutions, net of provisions for expected credit losses
| 06/30/2026 | 12/31/2025 | |||||||||||||
| Loans to financial institutions (a) | 4,310,463 | 4,313,571 | ||||||||||||
| Interbank deposit investments | 645,104 | 267,305 | ||||||||||||
| Interbank on-lending | 237,240 | 20,553 | ||||||||||||
| Expected credit loss (a) | (5,723) | (1,211) | ||||||||||||
| Total | 5,187,084 | 4,600,218 | ||||||||||||
(a) Refers essentially to the anticipation of receivables and amounts to be received from card issuers.
31 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
10.Securities, net of provisions for expected credit losses
a.Composition of securities net of expected credit losses:
| 06/30/2026 | 12/31/2025 | |||||||||||||
| Fair value through other comprehensive income - FVOCI | ||||||||||||||
| Financial treasury bills | 11,320,952 | 12,088,911 | ||||||||||||
| Securities issued abroad | 4,462,905 | 3,734,933 | ||||||||||||
| National treasury bills | 4,275,698 | 4,405,497 | ||||||||||||
| National treasury notes | 3,629,308 | 3,803,839 | ||||||||||||
| Commercial promissory notes | 578,955 | 562,765 | ||||||||||||
| Fixed-term deposit with special guarantee | 213,783 | — | ||||||||||||
| Certificates of real estate receivables | 115,492 | 69,351 | ||||||||||||
| Debentures | 37,843 | 18,626 | ||||||||||||
| Certificates of agricultural receivables | 31,487 | 38,320 | ||||||||||||
| Subtotal | 24,666,423 | 24,722,242 | ||||||||||||
| Amortized cost | ||||||||||||||
| National treasury notes | 720,835 | 704,788 | ||||||||||||
| National treasury bills | 639,704 | 596,348 | ||||||||||||
| Securities issued abroad | 545,078 | 405,523 | ||||||||||||
| Rural product bill | 502,157 | 557,229 | ||||||||||||
| Financial treasury bills | 17,399 | — | ||||||||||||
| Bank deposit certificates | 283 | — | ||||||||||||
| Subtotal | 2,425,456 | 2,263,888 | ||||||||||||
| Fair value through profit or loss - FVTPL | ||||||||||||||
| Investment fund shares | 900,174 | 539,184 | ||||||||||||
| Financial treasury bills | 488,861 | 483,983 | ||||||||||||
| Certificates of real estate receivables | 403,835 | 496,569 | ||||||||||||
| Debentures | 277,584 | 137,024 | ||||||||||||
| Commercial promissory notes | 185,402 | 160,728 | ||||||||||||
| Certificates of agricultural receivables | 98,575 | 122,382 | ||||||||||||
| Agribusiness credit bills | 92,093 | 5,535 | ||||||||||||
| Development bills of credit | 18,206 | 5,625 | ||||||||||||
| Securities issued abroad | 17,229 | 29,148 | ||||||||||||
| Financial bills | 7,852 | 18,276 | ||||||||||||
| Bank deposit certificates | 3,746 | 22,619 | ||||||||||||
| National treasury notes | 2,948 | 1,614 | ||||||||||||
| Fixed-term deposit with special guarantee | 1,064 | — | ||||||||||||
| Real estate credit bills | 930 | 1,506 | ||||||||||||
| Others | 280 | — | ||||||||||||
| Subtotal | 2,498,779 | 2,024,193 | ||||||||||||
| Total | 29,590,658 | 29,010,323 | ||||||||||||
As of June 30, 2026, the expected loss on securities totaled R$ 37,814, broken down as follows: R$ 25,604 (67.7%) in stage 1, R$ 32 (0.1%) in stage 2, and R$ 12,178 (32.2%) in stage 3. As of December 31, 2025, the expected loss totaled R$ 46,717, broken down as follows: R$ 28,259 (60.5%) in stage 1, R$ 4,981 (10.7%) in stage 2, and R$ 13,477 (28.8%) in stage 3.
Inter&Co classifies R$ 25,558,952 (86.4%) of the portfolio as low credit risk, mainly due to the predominance of Federal Government Bonds (Brazil). For this reason, no provisions for expected credit loss are made on this portion (As of December 31, 2025, it totaled R$ 27,066,513 (93.3%)).
32 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
The remaining R$ 4,031,706 (13.6%) of the portfolio corresponds to assets that have inherent credit risk, and therefore are subject to evaluation for the establishment of provisions (As of December 31, 2025, it totaled R$ 1,952,810 (6.7%)).
Credit risk securities are classified as follows: R$ 3,778,146 (93.7%) in stage 1, R$ 243,415 (6.0%) in stage 2 and R$ 10,145 (0.3%) in stage 3 (As of December 31, 2025, they were classified as: R$ 2,124,821 (77.1%) in stage 1, R$ 75,862 (2.8%) in stage 2 and R$ 17,956 (0.7%) in stage 3).
b.Breakdown of the carrying amount of securities by maturity, net of provisions for expected credit losses
| 06/30/2026 | |||||||||||||||||||||||||||||||||||
| Up to 3 months | 3 months to 1 year | 1 year to 3 years | From 3 to 5 years | Above 5 years | Book value | ||||||||||||||||||||||||||||||
| Fair value through other comprehensive income - FVOCI | 44,798 | 5,655,605 | 6,934,421 | 9,686,990 | 2,344,609 | 24,666,423 | |||||||||||||||||||||||||||||
| Financial treasury bills | 44,798 | — | 4,346,889 | 6,929,265 | — | 11,320,952 | |||||||||||||||||||||||||||||
| Securities issued abroad | — | 4,462,905 | — | — | — | 4,462,905 | |||||||||||||||||||||||||||||
| National treasury bills | — | 106,344 | 1,956,774 | 1,346,308 | 866,272 | 4,275,698 | |||||||||||||||||||||||||||||
| National treasury notes | — | 1,064,229 | 233,031 | 1,037,904 | 1,294,144 | 3,629,308 | |||||||||||||||||||||||||||||
| Commercial promissory notes | — | 22,127 | 161,631 | 356,608 | 38,589 | 578,955 | |||||||||||||||||||||||||||||
| Fixed-term deposit with special guarantee | — | — | 213,783 | — | — | 213,783 | |||||||||||||||||||||||||||||
| Certificates of real estate receivables | — | — | — | 2,238 | 113,254 | 115,492 | |||||||||||||||||||||||||||||
| Debentures | — | — | 11,169 | 14,667 | 12,007 | 37,843 | |||||||||||||||||||||||||||||
| Certificates of agricultural receivables | — | — | 11,144 | — | 20,343 | 31,487 | |||||||||||||||||||||||||||||
| Amortized cost | 771,231 | 181,141 | 733,464 | 569,800 | 169,820 | 2,425,456 | |||||||||||||||||||||||||||||
| National treasury notes | — | — | — | 551,015 | 169,820 | 720,835 | |||||||||||||||||||||||||||||
| National treasury bills | 579,776 | — | 59,928 | — | — | 639,704 | |||||||||||||||||||||||||||||
| Securities issued abroad | 104,565 | — | 440,513 | — | — | 545,078 | |||||||||||||||||||||||||||||
| Rural product bill | 86,890 | 181,141 | 215,624 | 18,502 | — | 502,157 | |||||||||||||||||||||||||||||
| Financial treasury bills | — | — | 17,399 | — | — | 17,399 | |||||||||||||||||||||||||||||
| Bank deposit certificates | — | — | — | 283 | — | 283 | |||||||||||||||||||||||||||||
| Fair value through profit or loss - FVTPL | 901,897 | 148,338 | 594,143 | 360,437 | 493,964 | 2,498,779 | |||||||||||||||||||||||||||||
| Investment fund shares | 900,174 | — | — | — | — | 900,174 | |||||||||||||||||||||||||||||
| Financial treasury bills | 580 | 124,649 | 262,329 | 101,303 | — | 488,861 | |||||||||||||||||||||||||||||
| Certificates of real estate receivables | — | 230 | 151,841 | 51,456 | 200,308 | 403,835 | |||||||||||||||||||||||||||||
| Debentures | — | 3 | 10,558 | 23,952 | 243,071 | 277,584 | |||||||||||||||||||||||||||||
| Commercial promissory notes | — | — | 80,574 | 104,828 | — | 185,402 | |||||||||||||||||||||||||||||
| Certificates of agricultural receivables | — | 87 | 23,625 | 28,624 | 46,239 | 98,575 | |||||||||||||||||||||||||||||
| Agribusiness credit bills | 314 | 1,559 | 60,161 | 30,059 | — | 92,093 | |||||||||||||||||||||||||||||
| Development bills of credit | — | — | — | 17,095 | 1,111 | 18,206 | |||||||||||||||||||||||||||||
| Securities issued abroad | — | 17,229 | — | — | — | 17,229 | |||||||||||||||||||||||||||||
| Financial bills | — | 906 | 4,134 | — | 2,812 | 7,852 | |||||||||||||||||||||||||||||
| Bank deposit certificates | 456 | 1,772 | 807 | 708 | 3 | 3,746 | |||||||||||||||||||||||||||||
| National treasury notes | 34 | — | 82 | 2,412 | 420 | 2,948 | |||||||||||||||||||||||||||||
| Fixed-term deposit with special guarantee | — | 1,064 | — | — | — | 1,064 | |||||||||||||||||||||||||||||
| Real estate credit bills | 339 | 559 | 32 | — | — | 930 | |||||||||||||||||||||||||||||
| Others | — | 280 | — | — | — | 280 | |||||||||||||||||||||||||||||
| Total | 1,717,926 | 5,985,084 | 8,262,028 | 10,617,227 | 3,008,393 | 29,590,658 | |||||||||||||||||||||||||||||
33 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
| 12/31/2025 | |||||||||||||||||||||||||||||||||||
| Up to 3 months | 3 months to 1 year | 1 year to 3 years | From 3 to 5 years | Above 5 years | Book value | ||||||||||||||||||||||||||||||
| Fair value through other comprehensive income - FVOCI | 1,001,238 | 3,226,917 | 8,905,899 | 4,130,580 | 7,457,608 | 24,722,242 | |||||||||||||||||||||||||||||
| Financial treasury bills | 7,053 | 17,979 | 5,560,970 | 1,766,182 | 4,736,727 | 12,088,911 | |||||||||||||||||||||||||||||
| Securities issued abroad | 992,815 | 2,742,118 | — | — | — | 3,734,933 | |||||||||||||||||||||||||||||
| National treasury bills | — | 426,846 | 1,052,186 | 934,293 | 1,992,172 | 4,405,497 | |||||||||||||||||||||||||||||
| National treasury notes | — | 2,045 | 1,963,930 | 1,297,121 | 540,743 | 3,803,839 | |||||||||||||||||||||||||||||
| Commercial promissory notes | 488 | — | 297,608 | 104,056 | 160,613 | 562,765 | |||||||||||||||||||||||||||||
| Certificates of real estate receivables | 220 | 32,543 | 19,344 | 5,589 | 11,655 | 69,351 | |||||||||||||||||||||||||||||
| Debentures | 216 | 4,818 | 293 | 13,299 | — | 18,626 | |||||||||||||||||||||||||||||
| Certificates of agricultural receivables | 446 | 568 | 11,568 | 10,040 | 15,698 | 38,320 | |||||||||||||||||||||||||||||
| Amortized cost | 93,279 | 222,697 | 1,323,217 | 624,695 | — | 2,263,888 | |||||||||||||||||||||||||||||
| National treasury notes | — | — | 185,700 | 519,088 | — | 704,788 | |||||||||||||||||||||||||||||
| National treasury bills | — | — | 540,540 | 55,808 | — | 596,348 | |||||||||||||||||||||||||||||
| Securities issued abroad | — | — | 405,523 | — | — | 405,523 | |||||||||||||||||||||||||||||
| Rural product bill | 93,279 | 222,697 | 191,454 | 49,799 | — | 557,229 | |||||||||||||||||||||||||||||
| Fair value through profit or loss - FVTPL | 618,372 | 173,717 | 574,396 | 387,007 | 270,701 | 2,024,193 | |||||||||||||||||||||||||||||
| Investment fund shares | 539,184 | — | — | — | — | 539,184 | |||||||||||||||||||||||||||||
| Financial treasury bills | 43,260 | 543 | 388,952 | 51,228 | — | 483,983 | |||||||||||||||||||||||||||||
| Certificates of real estate receivables | 35 | 151,933 | 55,605 | 138,836 | 150,160 | 496,569 | |||||||||||||||||||||||||||||
| Debentures | 124 | 1,869 | 45,150 | 25,035 | 64,846 | 137,024 | |||||||||||||||||||||||||||||
| Commercial promissory notes | — | — | 25,081 | 135,647 | — | 160,728 | |||||||||||||||||||||||||||||
| Certificates of agricultural receivables | 264 | 2,618 | 40,987 | 30,395 | 48,118 | 122,382 | |||||||||||||||||||||||||||||
| Agribusiness credit bills | 323 | 1,215 | 3,990 | 7 | — | 5,535 | |||||||||||||||||||||||||||||
| Development bills of credit | — | 289 | — | 5,336 | — | 5,625 | |||||||||||||||||||||||||||||
| Financial bills | — | 2,907 | 9,465 | — | 5,904 | 18,276 | |||||||||||||||||||||||||||||
| Bank deposit certificates | 5,405 | 11,467 | 5,057 | 448 | 242 | 22,619 | |||||||||||||||||||||||||||||
| National treasury notes | — | 32 | 76 | 75 | 1,431 | 1,614 | |||||||||||||||||||||||||||||
| Real estate credit bills | 629 | 844 | 33 | — | — | 1,506 | |||||||||||||||||||||||||||||
| Securities issued abroad | 29,148 | — | — | — | — | 29,148 | |||||||||||||||||||||||||||||
| Total | 1,712,889 | 3,623,331 | 10,803,512 | 5,142,282 | 7,728,309 | 29,010,323 | |||||||||||||||||||||||||||||
11.Derivative financial instruments
Inter&Co engages in derivatives trading to meet its own needs and those of its clients, aiming to reduce exposure to market risks, exchange rate fluctuations, and interest rate variations.
These operations encompass various types of derivatives, such as forward contracts, futures, swaps, options, and credit derivatives.
Forward contracts: These are traded over-the-counter, where the buying or selling of financial or non-financial instruments takes place on a specific future date, at a pre-agreed price.
The main purpose of using forward contracts is to mitigate market risks arising from Inter's exposure and to meet client demands. Forward contracts involve the purchase or sale of a specific asset based on a pre-agreed price, with settlement on a future date.
Futures contracts: These are standardized contracts, traded on the stock exchange, that establish the purchase or sale of financial or non-financial instruments on a future date, at a fixed price.
The Group's objective in using futures contracts is to mitigate: (i) risks arising from exchange rate-linked exposures, including investments abroad; and (ii) risks arising from the mismatch between interest rates on active positions and funding rates.
34 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
Swap contracts: These are contracts that involve the exchange of cash flows or returns between two parties over a specified period, based on various indexers (such as interest rates, exchange rates, or commodity prices).
The swaps was carried out to mitigate the market risk associated with the mismatch between the indexers of the mortgage loan portfolio and the indexers of the funding portfolio.
Options contracts: These are contracts that grant the acquirer, through the payment of a premium, the right to buy or sell financial or non-financial assets/liabilities at a predetermined value during a specified period.
a.Derivative financial instruments – fair value
| Assets | Liabilities | |||||||||||||||||||||||||
| 06/30/2026 | 12/31/2025 | 06/30/2026 | 12/31/2025 | |||||||||||||||||||||||
| Swap | 5,045 | 286 | 212 | 1,209 | ||||||||||||||||||||||
| Options | 2,568 | 11 | 2,414 | 8 | ||||||||||||||||||||||
| Futures contracts | 3,232 | 54,575 | 15,634 | 3,824 | ||||||||||||||||||||||
| Forward Contracts | 7,691 | 4,043 | 5,337 | 49,073 | ||||||||||||||||||||||
| Total | 18,536 | 58,915 | 23,597 | 54,114 | ||||||||||||||||||||||
Derivatives include BM&F transactions maturing in D+1.
35 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
b.Derivative financial instruments - (Notional, index and term)
| Up to 3 months | 3 months to 1 year | 1 year to 3 years | 3 years to 5 years | Above 5 years | 06/30/2026 | 12/31/2025 | |||||||||||||||||||||||||||||||||||
| Swap contracts | 1,639 | 35,502 | 24,398 | 5,950 | — | 67,489 | 56,335 | ||||||||||||||||||||||||||||||||||
| Interbank Market | 1,639 | 30,000 | 13,981 | 5,950 | — | 51,570 | 31,639 | ||||||||||||||||||||||||||||||||||
| Foreign Currency | — | — | 10,417 | — | — | 10,417 | 19,194 | ||||||||||||||||||||||||||||||||||
| Pre (CDS) | — | 5,502 | — | — | — | 5,502 | 5,502 | ||||||||||||||||||||||||||||||||||
| Buy Positions | 1,799,414 | 324,440 | — | — | — | 2,123,854 | 737,563 | ||||||||||||||||||||||||||||||||||
| Options contracts | 213 | 4,778 | — | — | — | 4,991 | 1,982 | ||||||||||||||||||||||||||||||||||
| By Put Options | 213 | 4,778 | — | — | — | 4,991 | 1,982 | ||||||||||||||||||||||||||||||||||
| Future contracts | 718,046 | 198,207 | — | — | — | 916,253 | 476,400 | ||||||||||||||||||||||||||||||||||
| Foreign Currency | 524,131 | — | — | — | — | 524,131 | 44,065 | ||||||||||||||||||||||||||||||||||
| Currency Exchange Rate Coupon | 193,915 | 4,967 | — | — | — | 198,882 | 129,432 | ||||||||||||||||||||||||||||||||||
| Interbank Market | — | 193,240 | — | — | — | 193,240 | 302,903 | ||||||||||||||||||||||||||||||||||
| Forward contracts | 1,081,155 | 121,455 | — | — | — | 1,202,610 | 259,181 | ||||||||||||||||||||||||||||||||||
| Foreign Currency | 1,081,155 | 121,455 | — | — | — | 1,202,610 | 259,181 | ||||||||||||||||||||||||||||||||||
| Sales Positions | 3,068,967 | 2,749,666 | 3,672,593 | 2,193,506 | 2,787,528 | 14,472,260 | 16,185,260 | ||||||||||||||||||||||||||||||||||
| Options contracts | 193 | 4,603 | — | — | — | 4,796 | 1,870 | ||||||||||||||||||||||||||||||||||
| Sell Put Option | 193 | 4,603 | — | — | — | 4,796 | 1,870 | ||||||||||||||||||||||||||||||||||
| Future contracts | 3,046,409 | 2,670,010 | 3,672,593 | 2,193,506 | 2,787,528 | 14,370,046 | 15,120,824 | ||||||||||||||||||||||||||||||||||
| IPCA Coupon | 785,775 | 1,820,859 | 2,600,180 | 1,762,685 | 2,522,966 | 9,492,465 | 7,907,081 | ||||||||||||||||||||||||||||||||||
| Interbank Market | 255,972 | 579,555 | 1,072,413 | 430,821 | 264,562 | 2,603,323 | 4,085,737 | ||||||||||||||||||||||||||||||||||
| Foreign Currency | 1,774,196 | — | — | — | — | 1,774,196 | 2,793,673 | ||||||||||||||||||||||||||||||||||
| Currency Exchange Rate Coupon | 230,466 | 269,596 | — | — | — | 500,062 | 334,333 | ||||||||||||||||||||||||||||||||||
| Forward contracts | 22,365 | 75,053 | — | — | — | 97,418 | 1,062,566 | ||||||||||||||||||||||||||||||||||
| Foreign Currency | 22,365 | 75,053 | — | — | — | 97,418 | 1,062,566 | ||||||||||||||||||||||||||||||||||
| Total | 4,870,020 | 3,109,608 | 3,696,991 | 2,199,456 | 2,787,528 | 16,663,603 | 16,979,158 | ||||||||||||||||||||||||||||||||||
c.Types of margin offered as collateral for derivative financial instruments
The value of the margins given as collateral was R$ 3,555,011 (R$ 3,204,286 as of December 31, 2025), consisting mainly of government bonds.
d.Hedge accounting - exposure
Inter&Co employs a risk management strategy through hedging operations, aiming to mitigate exposure to interest rates, exchange rate fluctuations, and cash flows. To more accurately reflect the economic results of these strategies in the financial statements, the results are presented using a hedge accounting approach, conducted in accordance with the strategy and purpose of the framework, which may include: (i) Cash Flow Hedge, (ii) Fair Value Hedge, and (iii) Net Investment Hedge in a foreign subsidiary.
36 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
The hedge accounting structure is periodically evaluated throughout its term using two complementary approaches: (i) Portfolio Coverage Percentage: Inter&Co seeks to maintain coverage aligned with the economic strategies adopted by the institution, observing the balance between the effectiveness of the protection and the economic optimization of the structure, with the hedge ratio defined based on the identified exposure and the designated hedging instrument; (ii) Prospective and Retrospective Effectiveness: evaluated with the objective of demonstrating and monitoring the existence of a valid economic relationship between the hedged item and the designated hedging instrument, which can be determined qualitatively and/or quantitatively, through scenario testing of the main market variables.
In this context, part of the result of the structure may be recognized directly in the income statement or in Other Comprehensive Income (OCI) in Equity, net of tax effects, being transferred to the income statement in case of ineffectiveness or liquidation of the hedging structure.
i.Cash Flow Hedge
| Hedging Instruments (a) | Hedge Object Item | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Strategy | Nominal amount | Carrying amount (b) | Changes in the value of the hedging instrument recognized in OCI | Hedge ineffectiveness recognized in statements of income | Hedge costs recognized in OCI | Amount reclassified from the hedge reserve to statements of income | Amount reclassified from the hedge costs reserve to statements of income | Changes in fair value used for calculating hedge ineffectiveness | Hedge costs reserve (c) | Cash flow hedge reserve (c) | Balances remaining in the cash flow reserve from hedging relationships for which hedge accounting is no longer applied | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| As of June 30, 2026 | — | — | 39,659 | 648 | — | — | 17,905 | (39,011) | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Securities issued abroad | — | — | 39,659 | 648 | — | — | 17,905 | (39,011) | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| As of June 30, 2025 | 1,281,981 | (24,088) | 26,899 | (1,347) | (16,980) | — | (1,575) | (28,246) | (16,980) | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Securities issued abroad | 1,281,981 | (24,088) | 26,899 | (1,347) | (16,980) | — | (1,575) | (28,246) | (16,980) | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) The hedging instrument used is NDFs (Non-Deliverable Forwards). The hedged item consists of government bonds issued abroad, considered low-risk, with varying maturities and without periodic interest payments. This group designates only the variations in the fair value of the spot component of foreign exchange forward contracts with a hedging instrument in cash flow hedging relationships. The variations in the fair value of the forward component of such contracts are accounted for separately as hedging costs and recognized in Other Comprehensive Income;
(b) The instrument is being presented in the line item "derivative financial assets" of the balance sheet. The effect of the result is shown in the line item "income from securities, derivatives and foreign exchange" of the consolidated income statements; and
(c) Cash flow hedge reserves represent the accumulated amount related to changes in the instrument reclassified to ORA since the inception of the hedge accounting framework.
Banco Inter executed a cash flow hedge operation to protect securities issued abroad, which began on September 25, 2025, and ended on March 19, 2026. The hedge reserve of R$ 1,067, which was allocated to Other Comprehensive Income, was reclassified to the period's profit or loss.
37 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
ii.Fair Value Hedge
Below, we present the effects of hedging accounting on Inter&Co's financial position and performance:
| Hedging Instruments | Hedge Object Item (c) | |||||||||||||||||||||||||||||||||||||||||||
| Strategy | Nominal amount | Carrying amount | Changes in fair value used for calculating hedge ineffectiveness | Hedge ineffectiveness recognized in statements of income | Carrying amount | Adjustment to gross fair value recorded in the statement of income | Accumulated amount of fair value hedge adjustments on the hedged item | |||||||||||||||||||||||||||||||||||||
| As of June 30, 2026 | 11,638,307 | (11,640) | 220,553 | 558 | 11,662,360 | (219,995) | 467,213 | |||||||||||||||||||||||||||||||||||||
| Credit operation hedging (a) | 2,489,976 | (5,306) | 13,822 | 3 | 2,489,823 | (13,819) | 89,618 | |||||||||||||||||||||||||||||||||||||
| Hedge of mortgage lending transactions (b) | 9,148,331 | (6,334) | 206,731 | 555 | 9,172,537 | (206,176) | 377,595 | |||||||||||||||||||||||||||||||||||||
| As of June 30, 2025 | 8,834,276 | (34,198) | (151,246) | 2,542 | 8,833,966 | 153,788 | 294,610 | |||||||||||||||||||||||||||||||||||||
| Credit operation hedging (a) | 3,347,732 | (12,340) | (118,259) | (973) | 3,347,437 | 117,286 | 134,296 | |||||||||||||||||||||||||||||||||||||
| Hedge of mortgage lending transactions (b) | 5,486,544 | (21,858) | (32,987) | 3,515 | 5,486,529 | 36,502 | 160,314 | |||||||||||||||||||||||||||||||||||||
(a) The hedging instrument used is the DI Future Rate. The hedge covers loan portfolios, including early withdrawal of FGTS (Brazilian employee severance fund) and payroll loans;
(b) The hedging instrument used is the DAP (Debt-to-Equity Agreement). The hedged item covers the mortgage loan portfolio; and
(c) The object is being presented under the heading "loans and advances to customers, net of provisions for expected losses", and the instrument is being presented under the heading "derivative financial instruments" in the balance sheet. The effect of the result is shown under the heading "net interest income and derivatives" in the consolidated income statements.
iii.Foreign Investment Hedge
| Hedging Instruments (a) | Hedge Object Item | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Strategy | Nominal amount | Carrying amount (b) | Changes in the value used for calculating hedge ineffectiveness for the period | Changes in the value of the hedging instrument recognized in OCI | Hedge ineffectiveness recognized in statements of income | Amount reclassified from the hedge reserve to statements of income | Changes in fair value used for calculating hedge ineffectiveness | Foreing currency translation reserve (c) | Balances remaining in the foreing currency translation reserve from hedging relationships for which hedge accounting is no longer applied | |||||||||||||||||||||||||||||||||||||||||||||||
| As of June 30, 2026 | 945,413 | (2,964) | 65,876 | 30,184 | (24,117) | — | (89,992) | 46,621 | — | |||||||||||||||||||||||||||||||||||||||||||||||
| Investments abroad (a) | 945,413 | (2,964) | 65,876 | 30,184 | (24,117) | — | (89,992) | 46,621 | — | |||||||||||||||||||||||||||||||||||||||||||||||
| As of June 30, 2025 | 1,194,905 | 8,682 | 188,319 | 151,563 | 32,876 | — | (155,443) | 21,961 | — | |||||||||||||||||||||||||||||||||||||||||||||||
| Investments abroad (a) | 1,194,905 | 8,682 | 188,319 | 151,563 | 32,876 | — | (155,443) | 21,961 | — | |||||||||||||||||||||||||||||||||||||||||||||||
(a) The hedging instrument used is the dollar futures contract. The object of the hedge is the investments in subsidiaries (Cayman, Payments, US Branch and Inter&Co) abroad;
(b) The instrument is being presented in the line item "derivative financial assets" of the balance sheet. The effect of the result is demonstrated in the line item "income from securities, derivatives and foreign exchange" of the consolidated income statements; and
(c) Foreign currency conversion reserves represent the accumulated amount related to changes in the instrument reclassified to ORA since the inception of the hedging accounting framework.
38 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
12.Loans and advances to customers, net of provisions for expected credit losses
a.Breakdown of balance
| 06/30/2026 | 12/31/2025 | ||||||||||||||||||||||
| Real estate loans | 18,249,868 | 35.15 | % | 16,194,722 | 33.56 | % | |||||||||||||||||
| Credit card | 16,020,404 | 30.85 | % | 15,262,178 | 31.63 | % | |||||||||||||||||
| Personal loans | 12,922,821 | 24.88 | % | 12,113,979 | 25.11 | % | |||||||||||||||||
| Business loans | 4,284,539 | 8.25 | % | 4,293,595 | 8.90 | % | |||||||||||||||||
| Agribusiness loans | 449,358 | 0.87 | % | 386,706 | 0.80 | % | |||||||||||||||||
| Total | 51,926,990 | 100.00 | % | 48,251,180 | 100.00 | % | |||||||||||||||||
| Provision for expected credit losses | (3,570,114) | (3,000,076) | |||||||||||||||||||||
| Net balance | 48,356,876 | 45,251,104 | |||||||||||||||||||||
39 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
b.Analysis of changes in loans and advances to customers by stage:
| Stage 1 | Opening balance at 01/01/2026 | Transfer to Stage 2 | Transfer to Stage 3 (a) | Transfer from Stage 2 | Transfer from Stage 3 (a) | Write-off for loss | Net change | Ending balance at 06/30/2026 | Ending balance at 12/31/2025 | |||||||||||||||||||||||||||||||||||||||||||||||
| Real estate loans | 14,721,707 | (544,012) | (288,172) | 211,501 | 21,143 | — | 2,224,231 | 16,346,398 | 14,721,707 | |||||||||||||||||||||||||||||||||||||||||||||||
| Credit card | 13,238,719 | (730,665) | (859,904) | 30,795 | 36 | — | 1,881,323 | 13,560,304 | 13,238,719 | |||||||||||||||||||||||||||||||||||||||||||||||
| Personal loans | 11,054,648 | (212,567) | (261,848) | 30,897 | 55,217 | — | 793,857 | 11,460,204 | 11,054,648 | |||||||||||||||||||||||||||||||||||||||||||||||
| Business loans | 4,197,477 | (69,135) | (52,866) | 10,413 | 53 | — | 35,393 | 4,121,335 | 4,197,477 | |||||||||||||||||||||||||||||||||||||||||||||||
| Agribusiness loans | 386,706 | — | — | — | — | — | 62,652 | 449,358 | 386,706 | |||||||||||||||||||||||||||||||||||||||||||||||
| Total | 43,599,257 | (1,556,379) | (1,462,790) | 283,606 | 76,449 | — | 4,997,456 | 45,937,599 | 43,599,257 | |||||||||||||||||||||||||||||||||||||||||||||||
| Stage 2 | Opening balance at 01/01/2026 | Transfer to Stage 1 | Transfer to Stage 3 | Transfer from Stage 1 | Transfer from Stage 3 | Write-off for loss | Net change | Ending balance at 06/30/2026 | Ending balance at 12/31/2025 | |||||||||||||||||||||||||||||||||||||||||||||||
| Real estate loans | 806,484 | (211,501) | (204,671) | 544,012 | 95,875 | — | (31,338) | 998,861 | 806,484 | |||||||||||||||||||||||||||||||||||||||||||||||
| Credit card | 592,708 | (30,795) | (481,744) | 730,665 | 277 | — | (36,668) | 774,443 | 592,708 | |||||||||||||||||||||||||||||||||||||||||||||||
| Personal loans | 235,988 | (30,897) | (124,774) | 212,567 | 30,528 | — | 54,124 | 377,536 | 235,988 | |||||||||||||||||||||||||||||||||||||||||||||||
| Business loans | 45,943 | (10,413) | (16,135) | 69,135 | 3,606 | — | (9,086) | 83,050 | 45,943 | |||||||||||||||||||||||||||||||||||||||||||||||
| Agribusiness loans | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
| Total | 1,681,123 | (283,606) | (827,324) | 1,556,379 | 130,286 | — | (22,968) | 2,233,890 | 1,681,123 | |||||||||||||||||||||||||||||||||||||||||||||||
| Stage 3 | Opening balance at 01/01/2026 | Transfer to Stage 1 (a) | Transfer to Stage 2 | Transfer from Stage 1 (a) | Transfer from Stage 2 | Write-off for loss | Net change | Ending balance at 06/30/2026 | Ending balance at 12/31/2025 | |||||||||||||||||||||||||||||||||||||||||||||||
| Real estate loans | 666,531 | (21,143) | (95,875) | 288,172 | 204,671 | (10,438) | (127,309) | 904,609 | 666,531 | |||||||||||||||||||||||||||||||||||||||||||||||
| Credit card | 1,430,751 | (36) | (277) | 859,904 | 481,744 | (964,419) | (122,010) | 1,685,657 | 1,430,751 | |||||||||||||||||||||||||||||||||||||||||||||||
| Personal loans | 823,343 | (55,217) | (30,528) | 261,848 | 124,774 | (225,852) | 186,713 | 1,085,081 | 823,343 | |||||||||||||||||||||||||||||||||||||||||||||||
| Business loans | 50,175 | (53) | (3,606) | 52,866 | 16,135 | (30,173) | (5,190) | 80,154 | 50,175 | |||||||||||||||||||||||||||||||||||||||||||||||
| Agribusiness loans | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
| Total | 2,970,800 | (76,449) | (130,286) | 1,462,790 | 827,324 | (1,230,882) | (67,796) | 3,755,501 | 2,970,800 | |||||||||||||||||||||||||||||||||||||||||||||||
| Consolidated | Opening balance at 01/01/2026 | Write-off for loss | Net change | Ending balance at 06/30/2026 | Ending balance at 12/31/2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Real estate loans | 16,194,722 | (10,438) | 2,065,584 | 18,249,868 | 16,194,722 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Credit card | 15,262,178 | (964,419) | 1,722,645 | 16,020,404 | 15,262,178 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Personal loans | 12,113,979 | (225,852) | 1,034,694 | 12,922,821 | 12,113,979 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Business loans | 4,293,595 | (30,173) | 21,117 | 4,284,539 | 4,293,595 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Agribusiness loans | 386,706 | — | 62,652 | 449,358 | 386,706 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 48,251,180 | (1,230,882) | 4,906,692 | 51,926,990 | 48,251,180 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Starting with the release of the first quarter of 2026, transfers between stages are calculated based on an end-to-end view, comparing the position of contracts on 01/01/2026 and at the end of the reference quarter of the release to identify the amounts migrated between stages on the respective dates. Transactions agreed upon after the initial date are allocated to the "Net Variation" column and reflect the stage they are in at the end of the reference quarter.
(a) In the transitions between stage 1 and stage 3, a significant portion of the operations passed through stage 2 during the period.
40 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
c.Analysis of changes in expected credit losses by stage
(Consider expected losses from credit operations and commitments to be honored)
| Stage 1 | Opening balance at 01/01/2026 | Transfer to Stage 2 | Transfer to Stage 3 (a) | Transfer from Stage 2 | Transfer from Stage 3 (a) | Write-off for loss | Net change | Ending balance at 06/30/2026 | Ending balance at 12/31/2025 | |||||||||||||||||||||||||||||||||||||||||||||||
| Real estate loans | 60,688 | (17,636) | (35,176) | 1,145 | 67 | — | 46,048 | 55,136 | 60,688 | |||||||||||||||||||||||||||||||||||||||||||||||
| Credit card | 686,238 | (363,473) | (638,590) | 5,549 | 2 | — | 978,313 | 668,039 | 686,238 | |||||||||||||||||||||||||||||||||||||||||||||||
| Personal loans | 157,383 | (28,311) | (165,674) | 742 | 3,220 | — | 217,391 | 184,751 | 157,383 | |||||||||||||||||||||||||||||||||||||||||||||||
| Business loans | 23,739 | (4,232) | (20,296) | 66 | 1 | — | 27,882 | 27,160 | 23,739 | |||||||||||||||||||||||||||||||||||||||||||||||
| Agribusiness loans | 4,527 | — | — | — | — | — | 413 | 4,940 | 4,527 | |||||||||||||||||||||||||||||||||||||||||||||||
| Total | 932,575 | (413,652) | (859,736) | 7,502 | 3,290 | — | 1,270,047 | 940,026 | 932,575 | |||||||||||||||||||||||||||||||||||||||||||||||
| Stage 2 | Opening balance at 01/01/2026 | Transfer to Stage 1 | Transfer to Stage 3 | Transfer from Stage 1 | Transfer from Stage 3 | Write-off for loss | Net change | Ending balance at 06/30/2026 | Ending balance at 12/31/2025 | |||||||||||||||||||||||||||||||||||||||||||||||
| Real estate loans | 25,821 | (1,145) | (25,258) | 17,636 | 1,261 | — | 12,239 | 30,554 | 25,821 | |||||||||||||||||||||||||||||||||||||||||||||||
| Credit card | 287,622 | (5,549) | (376,944) | 363,473 | 55 | — | 114,897 | 383,554 | 287,622 | |||||||||||||||||||||||||||||||||||||||||||||||
| Personal loans | 44,190 | (742) | (92,209) | 28,311 | 3,422 | — | 67,036 | 50,008 | 44,190 | |||||||||||||||||||||||||||||||||||||||||||||||
| Business loans | 3,518 | (66) | (9,027) | 4,232 | 46 | — | 6,423 | 5,126 | 3,518 | |||||||||||||||||||||||||||||||||||||||||||||||
| Agribusiness loans | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
| Total | 361,151 | (7,502) | (503,438) | 413,652 | 4,784 | — | 200,595 | 469,242 | 361,151 | |||||||||||||||||||||||||||||||||||||||||||||||
| Stage 3 | Opening balance at 01/01/2026 | Transfer to Stage 1 (a) | Transfer to Stage 2 | Transfer from Stage 1 (a) | Transfer from Stage 2 | Write-off for loss | Net change | Ending balance at 06/30/2026 | Ending balance at 12/31/2025 | |||||||||||||||||||||||||||||||||||||||||||||||
| Real estate loans | 103,190 | (67) | (1,261) | 35,176 | 25,258 | (10,438) | (12,659) | 139,199 | 103,190 | |||||||||||||||||||||||||||||||||||||||||||||||
| Credit card | 1,166,243 | (2) | (55) | 638,590 | 376,944 | (964,419) | 128,500 | 1,345,801 | 1,166,243 | |||||||||||||||||||||||||||||||||||||||||||||||
| Personal loans | 618,413 | (3,220) | (3,422) | 165,674 | 92,209 | (225,852) | 134,843 | 778,645 | 618,413 | |||||||||||||||||||||||||||||||||||||||||||||||
| Business loans | 23,372 | (1) | (46) | 20,296 | 9,027 | (30,173) | 14,131 | 36,606 | 23,372 | |||||||||||||||||||||||||||||||||||||||||||||||
| Agribusiness loans | (1) | — | — | — | — | — | 1 | — | (1) | |||||||||||||||||||||||||||||||||||||||||||||||
| Total | 1,911,217 | (3,290) | (4,784) | 859,736 | 503,438 | (1,230,882) | 264,816 | 2,300,251 | 1,911,217 | |||||||||||||||||||||||||||||||||||||||||||||||
| Consolidated | Opening balance at 01/01/2026 | Write-off for loss | Net change | Ending balance at 06/30/2026 | Ending balance at 12/31/2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Real estate loans | 189,699 | (10,438) | 45,628 | 224,889 | 189,699 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Credit card | 2,140,103 | (964,419) | 1,221,710 | 2,397,394 | 2,140,103 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Personal loans | 819,986 | (225,852) | 419,270 | 1,013,404 | 819,986 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Business loans | 50,629 | (30,173) | 48,436 | 68,892 | 50,629 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Agribusiness loans | 4,526 | — | 414 | 4,940 | 4,526 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 3,204,943 | (1,230,882) | 1,735,458 | 3,709,519 | 3,204,943 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Starting with the publication of the first quarter of 2026, transfers between stages are calculated based on an end-to-end view, comparing the status of contracts on 01/01/2026 and at the end of the reference quarter of the publication to identify the amounts migrated between stages on the respective dates. Transactions agreed upon after the initial date are allocated to the "Establishment/Reversal" column and reflect the stage they are in at the end of the reference quarter.
(a) In the transitions between stage 1 and stage 3, a significant portion of the operations passed through stage 2 during the period.
41 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
a.Breakdown of property and equipment
| 06/30/2026 | 12/31/2025 | ||||||||||||||||||||||||||||||||||||||||
| Annual depreciation rate | Historical cost | Accumulated depreciation | Carrying Amount | Historical cost | Accumulated depreciation | Carrying Amount | |||||||||||||||||||||||||||||||||||
| Furniture and equipment | 10% - 20% | 314,673 | (114,392) | 200,281 | 301,451 | (85,165) | 216,286 | ||||||||||||||||||||||||||||||||||
| Right of use | 4% - 10% | 150,448 | (51,386) | 99,062 | 145,504 | (39,018) | 106,486 | ||||||||||||||||||||||||||||||||||
| Buildings | 4% | 55,454 | (22,129) | 33,325 | 53,680 | (19,028) | 34,652 | ||||||||||||||||||||||||||||||||||
| Data processing systems | 20% | 34,400 | (15,235) | 19,165 | 34,400 | (14,773) | 19,627 | ||||||||||||||||||||||||||||||||||
| Construction in progress | 4,372 | — | 4,372 | 4,353 | — | 4,353 | |||||||||||||||||||||||||||||||||||
| Total | 559,347 | (203,142) | 356,205 | 539,388 | (157,984) | 381,404 | |||||||||||||||||||||||||||||||||||
b.Changes in property and equipment
| Furniture and equipment | Right of use | Buildings | Data processing systems | Construction in progress | Total | |||||||||||||||
| Balance as of December 31, 2025 | 216,286 | 106,486 | 34,652 | 19,627 | 4,353 | 381,404 | ||||||||||||||
| Addition/Write-offs | 14,904 | 4,945 | 1,847 | — | 19 | 21,715 | ||||||||||||||
| Transfers | 73 | — | (73) | — | — | — | ||||||||||||||
| Depreciation | (29,971) | (12,369) | (3,101) | (462) | — | (45,903) | ||||||||||||||
| Exchange rate changes | (1,011) | — | — | — | — | (1,011) | ||||||||||||||
| Balance as of June 30, 2026 | 200,281 | 99,062 | 33,325 | 19,165 | 4,372 | 356,205 | ||||||||||||||
| Balance as of December 31, 2024 | 212,298 | 101,027 | 35,184 | 16,853 | 4,580 | 369,942 | ||||||||||||||
| Addition/Write-offs | 12,546 | 23,898 | 119 | 3,854 | 687 | 41,104 | ||||||||||||||
| Transfers | — | — | 1,616 | — | (1,616) | — | ||||||||||||||
| Depreciation | (16,689) | (12,189) | (1,872) | (579) | — | (31,329) | ||||||||||||||
| Exchange rate changes | (2,172) | — | — | — | — | (2,172) | ||||||||||||||
| Balance as of June 30, 2025 | 205,983 | 112,736 | 35,047 | 20,128 | 3,651 | 377,545 | ||||||||||||||
42 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
a.Breakdown of intangible assets
| 06/30/2026 | 12/31/2025 | ||||||||||||||||||||||||||||||||||||||||
| Estimated lifespan | Historical cost | Accumulated amortization | Carrying Amount | Historical cost | Accumulated amortization | Carrying Amount | |||||||||||||||||||||||||||||||||||
| Goodwill | 785,386 | — | 785,386 | 785,577 | — | 785,577 | |||||||||||||||||||||||||||||||||||
| Intangible assets in progress | 445,132 | — | 445,132 | 499,531 | — | 499,531 | |||||||||||||||||||||||||||||||||||
| Development costs | 20% | 1,124,505 | (426,330) | 698,175 | 806,722 | (326,937) | 479,785 | ||||||||||||||||||||||||||||||||||
| Right of use | 17% | 769,953 | (567,296) | 202,657 | 763,978 | (509,195) | 254,783 | ||||||||||||||||||||||||||||||||||
| Customer portfolio | 20% | 13,965 | (9,995) | 3,970 | 13,965 | (9,702) | 4,263 | ||||||||||||||||||||||||||||||||||
| Total | 3,138,941 | (1,003,621) | 2,135,320 | 2,869,773 | (845,834) | 2,023,939 | |||||||||||||||||||||||||||||||||||
b.Changes in intangible assets
| Goodwill | Intangible assets in progress | Development costs | Right of use | Customer portfolio | Total | ||||||||||||||||||
| Balance as of December 31, 2025 | 785,577 | 499,531 | 479,785 | 254,783 | 4,263 | 2,023,939 | |||||||||||||||||
| Addition/Write-offs | — | 206,414 | 56,970 | 6,813 | — | 270,197 | |||||||||||||||||
| Transfers | — | (260,813) | 260,813 | — | — | — | |||||||||||||||||
| Amortization | — | — | (99,393) | (58,101) | (293) | (157,787) | |||||||||||||||||
| Exchange rate changes | (191) | — | — | (838) | — | (1,029) | |||||||||||||||||
| Balance as of June 30, 2026 | 785,386 | 445,132 | 698,175 | 202,657 | 3,970 | 2,135,320 | |||||||||||||||||
| Balance as of December 31, 2024 | 798,275 | 460,783 | 325,378 | 246,889 | 4,728 | 1,836,053 | |||||||||||||||||
| Addition/Write-offs | — | 155,551 | — | 92,559 | — | 248,110 | |||||||||||||||||
| Transfers | — | (116,562) | 116,562 | — | — | — | |||||||||||||||||
| Amortization | — | — | (47,749) | (64,998) | — | (112,747) | |||||||||||||||||
| Exchange rate changes | (689) | — | — | — | — | (689) | |||||||||||||||||
| Balance as of June 30, 2025 | 797,586 | 499,772 | 394,191 | 274,450 | 4,728 | 1,970,727 | |||||||||||||||||
43 | ||||||||||||||
 | Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
15.Other assets
| 06/30/2026 | 12/31/2025 | ||||||||||
| Financial | 691,746 | 651,808 | |||||||||
| Commissions and bonus receivable (a) | 332,891 | 287,904 | |||||||||
| Premium or discount on transfer of financial assets | 206,181 | 201,813 | |||||||||
| Advance on exchange contract | 152,674 | 113,625 | |||||||||
| Amount receivable from the sale of investments (b) | — | 48,466 | |||||||||
| Non-Financial | 2,938,370 | 3,175,332 | |||||||||
| Prepaid expenses (c) | 561,532 | 510,205 | |||||||||
| Recoverable taxes | 456,083 | 911,323 | |||||||||
| Advances to third parties (d) | 446,185 | 32,727 | |||||||||
| Non-current assets held for sale (e) | 433,868 | 366,398 | |||||||||
| Unbilled services provided | 190,289 | 125,012 | |||||||||
| Sundry debtors (f) | 178,543 | 164,096 | |||||||||
| Pending settlements (g) | 99,603 | 7,293 | |||||||||
| Non-financial assets held for sale | 33,097 | 41,190 | |||||||||
| Equity accounted investees (h) | 9,091 | 10,401 | |||||||||
| Early settlement of credit operations | 5,020 | 9,846 | |||||||||
| Investment properties (i) | — | 280,406 | |||||||||
| Others | 525,059 | 716,435 | |||||||||
| Total | 3,630,116 | 3,827,140 | |||||||||
(a) This refers primarily to bonuses receivable from commercial contracts signed with Mastercard, Liberty, Incomm, and Sompo;
(b) On April 15, 2026, Banco Inter received the remaining amount related to the sale of 40% of its subsidiary Inter Digital Corretora e Consultoria de Seguros Ltda. ("Inter Seguros") to Wiz Soluções e Corretagem de Seguros S.A. ("Wiz"), which occurred on May 8, 2019;
(c) This essentially involves the cost of acquiring digital account customers and portability expenses to be allocated;
(d) This refers, substantially, to the advance payment, in a single installment, of ordinary contributions due to the Credit Guarantee Fund (“FGC”), made in accordance with Resolution No. 551 of the Central Bank of Brazil (“BCB”), dated March 3, 2026. The aforementioned payment corresponded to 60 (sixty) months of ordinary contributions, calculated based on the reference date of January 2026, totaling R$403,758, and was made on March 25, 2026;
(e) Previously presented in specific lines in the Balance Sheet, reclassified to "Other Assets" in the current period;
(f) It refers primarily to portability amounts to be processed, amounts to be processed from credit cards, negotiation and intermediation of amounts and debtors by judicial deposit.;
(g) It refers primarily to settlement balances receivable from B3;
(h) Previously presented in specific lines in the Balance Sheet, reclassified to "Other Assets" in the current period; and
(i) The investment properties referred to assets of investment funds whose objective was the sale of participation quotas to clients. These properties were acquired on August 19, 2025, by Inter Oportunidade Imobiliária Fundo de Investimento. In June 2026, Grupo Inter sold part of its quotas in the Oportunidade Fund, thus ceasing to be the controlling shareholder of the fund and consequently ceasing to perform the accounting consolidation of its assets and liabilities.
16.Deposits from customers
| 06/30/2026 | 12/31/2025 | |||||||||||||
| Time deposits | 53,457,698 | 51,292,542 | ||||||||||||
| Demand deposits | 1,403,514 | 1,376,606 | ||||||||||||
| Savings deposits | 1,371,302 | 1,599,609 | ||||||||||||
| Creditors by resources to release | 464,174 | 614,327 | ||||||||||||
| Total | 56,696,688 | 54,883,084 | ||||||||||||
| 06/30/2026 | 12/31/2025 | |||||||||||||
| Payables with credit card network | 11,897,270 | 11,373,973 | ||||||||||||
| Securities sold under agreements to repurchase | 3,157,699 | 3,023,399 | ||||||||||||
| Others | 472,405 | 188,332 | ||||||||||||
| Total | 15,527,374 | 14,585,704 | ||||||||||||
44 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
18.Securities issued
| 06/30/2026 | 12/31/2025 | |||||||||||||
| Real estate credit bills | 12,423,842 | 11,163,760 | ||||||||||||
| Financial bills | 1,659,213 | 1,245,287 | ||||||||||||
| Real estate guaranteed credit bills | 1,636,293 | 1,194,836 | ||||||||||||
| Agribusiness credit bills | 460,634 | 523,261 | ||||||||||||
| Total | 16,179,982 | 14,127,144 | ||||||||||||
19.Borrowings and on-lending
| 06/30/2026 | 12/31/2025 | |||||||||||||
| Obligations for loans abroad (a) | 623,022 | 607,343 | ||||||||||||
| Onlending obligations - Tesouro Funcafé (b) | 141,075 | 169,267 | ||||||||||||
| Others | 67,554 | 40,885 | ||||||||||||
| Total | 831,651 | 817,495 | ||||||||||||
(a) Refers to loan operations abroad (with rates between 5.1% and 5.7% p. a.); and
(b) Refers to rural credit operations with Funcafé (with rates between 11.5% and 13.0% p. a.).
20.Tax liabilities
| 06/30/2026 | 12/31/2025 | |||||||||||||
| Income tax and social contribution | 183,142 | 675,438 | ||||||||||||
| PIS/COFINS | 65,041 | 65,455 | ||||||||||||
| INSS/FGTS | 22,330 | 32,510 | ||||||||||||
| Others | 39,219 | 42,124 | ||||||||||||
| Total | 309,732 | 815,527 | ||||||||||||
| 06/30/2026 | 12/31/2025 | |||||||||||||
| Provision for expected credit losses on loan commitments (a) | 139,405 | 204,867 | ||||||||||||
| Provisions for contingencies | 61,227 | 55,463 | ||||||||||||
| Provision for financial guarantees | 4,843 | 5,125 | ||||||||||||
| Total | 205,475 | 265,455 | ||||||||||||
a.Provisions for legal an administrative proceedings
The legal entities of the Group, in the normal course of their activities, are parties to legal proceedings of a fiscal (tax and social security), labor, and civil nature. The respective provisions were established taking into account current laws, applicable regulations, the opinion of legal advisors, the nature and complexity of the cases, case law, past experience, and other relevant criteria, in order to allow for the most accurate estimate possible.
i.Labor lawsuits
These are lawsuits aimed at obtaining compensation for labor-related claims. The provisioned amounts mostly relate to cases discussing potential labor rights, such as claims for overtime and salary equalization. At Inter&Co, the methodology used for provisioning these contingencies is based on calculating the average value of completed labor lawsuits, considering the total value of finalized cases divided by the amount actually disbursed in the last 36 months.
45 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
ii.Civil lawsuits
These claims primarily seek compensation for material and moral damages related to the Group's products and services, including declaratory and compensatory actions, issues concerning compliance with limits for payroll deductions for borrowers, requests for document submission, and contract review actions. Inter&Co's provisioning methodology for these contingencies is based on calculating the average value of completed civil lawsuits, obtained by dividing the total value of settled cases by the amount actually paid in the last 24 months.
Changes in provisions
| Labor | Civil | Total | |||||||||||||||
| Balance at December 31, 2025 | 13,654 | 41,809 | 55,463 | ||||||||||||||
| Provisions, net of (reversals and write-offs) | 3,102 | 33,429 | 36,531 | ||||||||||||||
| Payments | (1,108) | (29,659) | (30,767) | ||||||||||||||
| Balance at June 30, 2026 | 15,648 | 45,579 | 61,227 | ||||||||||||||
| Balance at December 31, 2024 | 13,924 | 39,868 | 53,792 | ||||||||||||||
| Provisions, net of (reversals and write-offs) | 4,423 | 23,374 | 27,797 | ||||||||||||||
| Payments | (3,508) | (23,337) | (26,845) | ||||||||||||||
| Balance at June 30, 2025 | 14,839 | 39,905 | 54,744 | ||||||||||||||
b.Contingent tax liabilities classified as possible losses
The main proceedings with this classification are:
i.Income tax and social contribution on net income – IRPJ and CSLL
On August 30, 2013, an infraction notice was issued (referring to expenses considered non-deductible) demanding the collection of income tax and social security contributions related to the calendar years 2008 and 2009. As of June 30, 2026, the amount at risk from the lawsuit totals R$30,635 (December 31, 2025: R$32,147), while the total amount of the lawsuit corresponds to R$69,113 (December 31, 2025: R$67,145).
ii.COFINS
Inter is challenging COFINS assessments for the period from 1999 to 2014.
Before the publication of Law No. 12,973/14, which modified the understanding regarding the inclusion of financial revenues in the calculation basis of COFINS (Social Security Financing Contribution), there was discussion about expanding the calculation basis of said contribution, as promoted by §1 of Article 3 of Law No. 9,718/98.
In 2005, Inter obtained a final and favorable ruling from the Supreme Federal Court that ensured the financial institution's right to collect COFINS (Social Security Financing Contribution) based only on revenue from services rendered, instead of total revenue that would include financial revenue.
Between 1999 and 2006, Inter made judicial deposits and/or paid the obligation. In 2006, following a favorable decision by the Supreme Federal Court and the express consent of the Federal Revenue Service, Inter's judicial deposit was released. Additionally, the authorization to use the credits, for amounts previously overpaid against current obligations, was approved without contestation by the Federal Revenue Service on May 11, 2006. Subsequently, the Federal Revenue Service questioned the procedures adopted by Inter, applying the understanding that financial revenues should be included in the COFINS tax base.
After the publication of Law 12.973/14, Inter modified its procedures to include financial revenues in the calculation base of COFINS, so that the taxable events involved in Inter's discussions are all prior to the law.
46 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
Currently, the application of res judicata in a separate legal action that secured Inter's right not to pay COFINS on its financial revenues is being discussed, so the Supreme Federal Court's ruling on Topic 372 does not directly affect Inter's discussions. As of June 30, 2026, the value at risk of the action totals R$78,061 (December 31, 2025: R$73,000), while the total value of the action corresponds to R$174,533 (December 31, 2025: R$163,268).
a.Composition
| 06/30/2026 | 12/31/2025 | |||||||||||||
| Payments to be processed (a) | 1,755,232 | 1,965,076 | ||||||||||||
| Social and statutory provisions | 205,100 | 229,465 | ||||||||||||
| Pending settlements (b) | 123,428 | 108,383 | ||||||||||||
| Lease liabilities (Note 22.b) | 107,723 | 118,550 | ||||||||||||
| Other liabilities | 265,723 | 207,636 | ||||||||||||
| Total | 2,457,206 | 2,629,110 | ||||||||||||
(a) The balance is composed substantially of: (i) installments of credit operations to be transferred; (ii) payment orders to be settled; (iii) suppliers payable; and (iv) fees payable; and
(b) These refer to client transactions involving fixed-income securities, stocks, commodities, and financial assets, which will be settled within a maximum period of D+5.
b.Lease financial liability
Below we demonstrate the movements of lease liabilities as of June 30, 2026 and December 31, 2025:
| Balance at December 31, 2025 | 118,550 | ||||
| New contracts | 3,067 | ||||
| Contract readjustment | 915 | ||||
| Payments | (18,408) | ||||
| Accrued interest | 3,599 | ||||
| Ending balance at June 30, 2026 | 107,723 | ||||
| Balance at December 31, 2024 | 113,690 | ||||
| Payments | (17,104) | ||||
| Accrued interest | 28,687 | ||||
| Ending balance at June 30, 2025 | 125,273 | ||||
c. Lease payments due
The maturity of the lease liabilities as of June 30, 2026 and December 31, 2025 is as follows:
| 06/30/2026 | 12/31/2025 | ||||||||||
| Up to 1 year | 2,381 | 4,633 | |||||||||
| From 1 year to 5 years | 105,342 | 113,917 | |||||||||
| Total | 107,723 | 118,550 | |||||||||
23.Equity
a.Composition of share capital - Number of shares
| Date | Class A | Class B | Total | |||||||||||||||||
| 06/30/2026 | 325,792,797 | 115,720,675 | 441,513,472 | |||||||||||||||||
| 12/31/2025 | 324,284,558 | 117,037,105 | 441,321,663 | |||||||||||||||||
As of June 30, 2026, the authorized share capital of Inter&Co, Inc. is US$50,000, divided into 20,000,000,000 shares with a par value of US$0.0000025 each, comprising (i) 10,000,000,000 Class A common shares, (ii) 5,000,000,000 Class B common shares, and (iii) 5,000,000,000 class-independent shares with rights designated by the Company's Board of Directors regardless of class. The paid-in share capital of Inter&Co, Inc. is R$13 as of June 30, 2026 (December 31, 2025: R$13).
47 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
In 2026, a total of 191,809 new Class A common shares were issued, intended for beneficiaries of our incentive plans. The variation in the number of Class B common shares results from the conversion of 1,316,430 Class B shares into Class A shares.
b.Reserves
As of June 30, 2026, the reserves amounted to R$11,544,879 (December 31, 2025: R$10,971,176) and are comprised of retained earnings held to optimize the Company's capital structure and support shareholder value creation through strategic distribution policies. The establishment and allocation of these reserves are subject to the deliberations and resolutions of Management, which may include capital composition, dividend distribution, or any other determinations defined by Management.
c.Other comprehensive income
As of June 30, 2026, Inter&Co, Inc. has accumulated other comprehensive income in shareholders' equity of R$1,019,646 (December 31, 2025: R$801,600), an amount is composed of the net value of financial assets valued at VJORA, results from investment hedging operations, exchange rate variation adjustment of a subsidiary abroad, and the respective tax effects.
d.Dividends and interest on equity
On March 2, 2026, Inter&Co Inc. paid dividends to its shareholders in a total amount of R$259,583 (December 31, 2025: R$203,593). During 2026, a total of R$37,907 was distributed to non-controlling shareholders (December 31, 2025: R$40,103).
e.Basic and diluted earnings per share
Basic earnings per share is as follows:
| Quarter | Semester | |||||||||||||||||||||||||
| 06/30/2026 | 06/30/2025 | 06/30/2026 | 06/30/2025 | |||||||||||||||||||||||
| Profit (loss) of controllers | 421,109 | 315,131 | 815,896 | 601,720 | ||||||||||||||||||||||
| Average number of shares outstanding | 441,462,602 | 439,784,460 | 441,462,602 | 439,784,460 | ||||||||||||||||||||||
| Basic earnings per share (R$) | 0.95 | 0.72 | 1.85 | 1.37 | ||||||||||||||||||||||
Diluted earnings per share is as follows:
| Quarter | Semester | |||||||||||||||||||||||||
| 06/30/2026 | 06/30/2025 | 06/30/2026 | 06/30/2025 | |||||||||||||||||||||||
| Profit (loss) of controllers | 421,109 | 315,131 | 815,896 | 601,720 | ||||||||||||||||||||||
| Average number of shares outstanding | 441,462,602 | 439,784,460 | 441,462,602 | 439,784,460 | ||||||||||||||||||||||
| Shares of share-based payment plans | 6,313,276 | 3,916,252 | 7,398,908 | 3,602,844 | ||||||||||||||||||||||
| Total weighted-average diluted shares outstanding | 447,775,878 | 443,700,712 | 448,861,510 | 443,387,304 | ||||||||||||||||||||||
| Diluted earnings per share (R$) | 0.94 | 0.71 | 1.82 | 1.36 | ||||||||||||||||||||||
Basic and diluted earnings per share are presented based on the two classes of shares, A and B, and are calculated by dividing the net income attributable to the parent company by the weighted average number of shares of each class outstanding during the periods.
As of June 30, 2026, Inter&Co reported dilutive effects for the purpose of calculating diluted earnings per share. These effects resulted from shares granted under share-based payment plans, with a weighted average quantity of 7,398,908 (as of June 30, 2025: 3,602,844).
48 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
f.Non-controlling interest
As of June 30, 2026, the balance of non-controlling shareholders' equity is R$108,313 (as of December 31, 2025: R$223,373).
g.Reflex reserves
As of June 30, 2026, the reflected reserve is R$14,789 (December 31, 2025: R$56,708). The reflected reserve is primarily composed of share-based payments settled with Inter&Co Inc. equity instruments.
h. Treasury shares
As of June 30, 2026, there were no treasury shares (December 31, 2025: R$0).
| Quarter | Semester | |||||||||||||||||||||||||
| 06/30/2026 | 06/30/2025 | 06/30/2026 | 06/30/2025 | |||||||||||||||||||||||
| Interest income | ||||||||||||||||||||||||||
| Personal loans | 740,173 | 609,166 | 1,438,687 | 1,082,690 | ||||||||||||||||||||||
| Credit card | 733,610 | 446,533 | 1,425,274 | 850,208 | ||||||||||||||||||||||
| Real estate loans | 547,500 | 507,523 | 1,129,495 | 950,992 | ||||||||||||||||||||||
| Prepayment of receivables | 175,140 | 246,467 | 367,225 | 487,164 | ||||||||||||||||||||||
| Business loans | 148,121 | 136,543 | 303,835 | 263,766 | ||||||||||||||||||||||
| Amounts due from financial institutions | 74,349 | 65,647 | 125,294 | 97,385 | ||||||||||||||||||||||
| Others | 185,979 | 116,335 | 384,512 | 202,879 | ||||||||||||||||||||||
| Total | 2,604,872 | 2,128,214 | 5,174,322 | 3,935,084 | ||||||||||||||||||||||
| Interest expenses | ||||||||||||||||||||||||||
| Term deposits | (1,132,445) | (855,437) | (2,237,961) | (1,553,243) | ||||||||||||||||||||||
| Funding in the open market | (625,596) | (464,565) | (1,219,098) | (853,210) | ||||||||||||||||||||||
| Others | (53,407) | (103,956) | (105,869) | (196,525) | ||||||||||||||||||||||
| Total | (1,811,448) | (1,423,958) | (3,562,928) | (2,602,978) | ||||||||||||||||||||||
The interest income shown above is calculated using the effective interest method.
25.Income from securities, derivatives and foreign exchange
| Quarter | Semester | |||||||||||||||||||||||||
| 06/30/2026 | 06/30/2025 | 06/30/2026 | 06/30/2025 | |||||||||||||||||||||||
| Income from securities | 972,317 | 802,845 | 1,926,369 | 1,540,291 | ||||||||||||||||||||||
| Fair value through other comprehensive income | 791,161 | 687,623 | 1,532,449 | 1,299,365 | ||||||||||||||||||||||
| Fair value through profit or loss | 132,194 | 111,472 | 316,463 | 233,715 | ||||||||||||||||||||||
| Amortized cost | 48,962 | 3,750 | 77,457 | 7,211 | ||||||||||||||||||||||
| Income from Derivatives | 238,054 | (54,549) | 351,291 | (73,736) | ||||||||||||||||||||||
| Forward contracts | (26,057) | (21,899) | (58,432) | (48,990) | ||||||||||||||||||||||
| Futures contracts and swaps (a) | 264,111 | (32,650) | 409,723 | (24,746) | ||||||||||||||||||||||
| Revenue foreign exchange | 40,139 | 16,955 | 36,630 | 33,440 | ||||||||||||||||||||||
| Total | 1,250,510 | 765,251 | 2,314,290 | 1,499,995 | ||||||||||||||||||||||
(a) Adjustments to market for the hedged item substantially offset the effects of hedge derivatives accounting.
49 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
26.Net revenues from services and commissions
| Quarter | Semester | |||||||||||||||||||||||||
| 06/30/2026 | 06/30/2025 | 06/30/2026 | 06/30/2025 | |||||||||||||||||||||||
| Interchange | 366,837 | 332,674 | 709,038 | 641,015 | ||||||||||||||||||||||
| Commission and brokerage fees | 206,412 | 193,901 | 414,321 | 387,522 | ||||||||||||||||||||||
| Fund management and investment fees | 34,091 | 40,628 | 68,439 | 74,229 | ||||||||||||||||||||||
| Banking and credit operations | 23,508 | 10,830 | 39,605 | 22,727 | ||||||||||||||||||||||
| Cashback expenses (a) | (37,883) | (58,376) | (92,344) | (126,496) | ||||||||||||||||||||||
| Inter Rewards (b) | (56,779) | (38,534) | (110,264) | (74,510) | ||||||||||||||||||||||
| Other | (4,507) | 14,005 | (1,083) | 30,565 | ||||||||||||||||||||||
| Total | 531,679 | 495,128 | 1,027,712 | 955,052 | ||||||||||||||||||||||
(a) These refer to amounts paid to customers as an incentive to purchase or use products; and
(b) This is a loyalty and rewards program offered by Banco Inter. Through this program, Banco Inter customers accumulate points on their transactions and financial operations and can exchange them for benefits, discounts, products, or services..
| Quarter | Semester | |||||||||||||||||||||||||
| 06/30/2026 | 06/30/2025 | 06/30/2026 | 06/30/2025 | |||||||||||||||||||||||
| Card network revenue | 42,917 | 35,811 | 92,748 | 71,068 | ||||||||||||||||||||||
| Monetary update (a) | 9,206 | 4,015 | 19,015 | 7,826 | ||||||||||||||||||||||
| Performance fees (b) | 7,949 | 11,653 | 19,274 | 20,783 | ||||||||||||||||||||||
| Portability fee | 6,246 | 2,108 | 12,012 | 4,531 | ||||||||||||||||||||||
| Revenue from sale of goods | 3,701 | 5,857 | 10,171 | 12,302 | ||||||||||||||||||||||
| Others | 36,180 | 22,000 | 61,921 | 21,027 | ||||||||||||||||||||||
| Total | 106,199 | 81,444 | 215,141 | 137,537 | ||||||||||||||||||||||
(a) Refers to updating the amounts of recoverable taxes using the Selic rate; and
(b) It consists substantially of the result of the commercial agreement between Inter and B3, Liberty, Incomm and Sompo, which offer performance bonuses as agreed targets are achieved.
| Quarter | Semester | |||||||||||||||||||||||||
| 06/30/2026 | 06/30/2025 | 06/30/2026 | 06/30/2025 | |||||||||||||||||||||||
| Impairment expense for loans and advances to customers | (906,340) | (631,185) | (1,735,458) | (1,169,406) | ||||||||||||||||||||||
| Recovery of written-off credits assets | 61,220 | 63,221 | 110,560 | 90,656 | ||||||||||||||||||||||
| Others | (15,312) | (1,285) | (16,802) | (4,180) | ||||||||||||||||||||||
| Total | (860,432) | (569,249) | (1,641,700) | (1,082,930) | ||||||||||||||||||||||
| Quarter | Semester | |||||||||||||||||||||||||
| 06/30/2026 | 06/30/2025 | 06/30/2026 | 06/30/2025 | |||||||||||||||||||||||
| Data processing and information technology | (291,358) | (258,689) | (593,282) | (511,980) | ||||||||||||||||||||||
| Specialized services, third parties and the financial system | (144,111) | (115,931) | (271,877) | (251,865) | ||||||||||||||||||||||
| Advertising and marketing | (87,096) | (67,141) | (148,757) | (126,334) | ||||||||||||||||||||||
| Rent, condominium fee and property maintenance | (21,989) | (13,876) | (37,594) | (25,971) | ||||||||||||||||||||||
| Provisions for contingencies | (17,075) | (16,036) | (36,531) | (27,797) | ||||||||||||||||||||||
| Insurance expenses | (2,213) | (2,246) | (4,604) | (4,145) | ||||||||||||||||||||||
| Others | (58,745) | (66,111) | (147,840) | (120,138) | ||||||||||||||||||||||
| Total | (622,587) | (540,030) | (1,240,485) | (1,068,230) | ||||||||||||||||||||||
50 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
| Quarter | Semester | |||||||||||||||||||||||||
| 06/30/2026 | 06/30/2025 | 06/30/2026 | 06/30/2025 | |||||||||||||||||||||||
| Salaries | (152,203) | (131,700) | (295,573) | (252,320) | ||||||||||||||||||||||
| Benefits | (97,195) | (82,920) | (188,230) | (155,555) | ||||||||||||||||||||||
| Social security charges | (51,918) | (39,936) | (100,371) | (79,172) | ||||||||||||||||||||||
| Others | (1,668) | (2,209) | (3,587) | (4,591) | ||||||||||||||||||||||
| Total | (302,984) | (256,765) | (587,761) | (491,638) | ||||||||||||||||||||||
31.Tax expenses
| Quarter | Semester | |||||||||||||||||||||||||
| 06/30/2026 | 06/30/2025 | 06/30/2026 | 06/30/2025 | |||||||||||||||||||||||
| PIS/COFINS | (136,813) | (117,874) | (275,816) | (209,244) | ||||||||||||||||||||||
| Taxes on Interest on Equity | (53,324) | (26,321) | (74,536) | (44,727) | ||||||||||||||||||||||
| ISSQN | (18,424) | (17,198) | (36,583) | (33,819) | ||||||||||||||||||||||
| Others | (20,218) | (15,487) | (28,403) | (25,146) | ||||||||||||||||||||||
| Total | (228,779) | (176,880) | (415,338) | (312,936) | ||||||||||||||||||||||
a.Amounts recognized in profit or loss
| Quarter | Semester | |||||||||||||||||||||||||
| 06/30/2026 | 06/30/2025 | 06/30/2026 | 06/30/2025 | |||||||||||||||||||||||
| Current income tax and social contribution expenses | ||||||||||||||||||||||||||
| Current year | (158,122) | (6,124) | (363,652) | (265,897) | ||||||||||||||||||||||
| Deferred income tax and social contribution benefits (expenses) | ||||||||||||||||||||||||||
| Provision for impairment losses on loans and advances | 94,041 | (89,745) | 190,640 | 113,619 | ||||||||||||||||||||||
| Adjusting the market value of financial assets to their fair value | (96,160) | 1,261 | (95,201) | (13,632) | ||||||||||||||||||||||
| Other temporary differences | 2,052 | 48,712 | 29,790 | 68,682 | ||||||||||||||||||||||
| Provision for contingencies | 2,055 | 556 | 3,034 | 398 | ||||||||||||||||||||||
| Tax losses carried forward | (6,560) | (10,520) | 3,616 | (13,803) | ||||||||||||||||||||||
| Others | 97,568 | 4,499 | 107,076 | 8,513 | ||||||||||||||||||||||
| Total deferred income tax and social contribution | 92,996 | (45,237) | 238,955 | 163,777 | ||||||||||||||||||||||
| Total | (65,126) | (51,361) | (124,697) | (102,120) | ||||||||||||||||||||||
b.Reconciliation of effective rate current income tax expenditure
| Quarter | Semester | |||||||||||||||||||||||||
| 06/30/2026 | 06/30/2025 | 06/30/2026 | 06/30/2025 | |||||||||||||||||||||||
| Profit before income tax | 510,811 | 383,527 | 987,928 | 741,072 | ||||||||||||||||||||||
| Income tax and social contribution - (45%) (a) | (229,865) | (172,587) | (444,568) | (333,482) | ||||||||||||||||||||||
| Tax effect of: | ||||||||||||||||||||||||||
| Dividend paid as interest on equity | 73,995 | 43,243 | 139,603 | 58,618 | ||||||||||||||||||||||
| Non-taxable income (non-deductible expenses) net | 46,258 | 63,771 | 87,517 | 111,226 | ||||||||||||||||||||||
| Investments in affiliated and jointly controlled companies | 34,397 | 27,674 | 52,560 | 54,618 | ||||||||||||||||||||||
| Others | 10,089 | (13,462) | 40,191 | 6,900 | ||||||||||||||||||||||
| Total income tax | (65,126) | (51,361) | (124,697) | (102,120) | ||||||||||||||||||||||
| Effective tax rate | (13) | % | (13) | % | (13) | % | (14) | % | ||||||||||||||||||
| Total deferred income tax and social contribution | 92,996 | (45,237) | 238,955 | 163,777 | ||||||||||||||||||||||
| Total income tax and social contribution expenditure | (158,122) | (6,124) | (363,652) | (265,897) | ||||||||||||||||||||||
(a) Banco Inter's results represent the largest impact on the total amount of taxes, therefore we present the 45% rate, which is the nominal rate currently in effect for banks under Brazilian legislation.
51 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
c.Changes in the balances of deferred taxes
| 12/31/2025 | Constitution | Realization | 06/30/2026 | |||||||||||||||||||||||
| Deferred tax assets | ||||||||||||||||||||||||||
| Provision for impairment losses on loans and advances | 1,038,776 | 314,757 | (124,117) | 1,229,416 | ||||||||||||||||||||||
| Adjustment of financial assets to fair value | 363,783 | 309,602 | (355,275) | 318,110 | ||||||||||||||||||||||
| Tax losses carried forward | 332,924 | 11,696 | (8,080) | 336,540 | ||||||||||||||||||||||
| Hedge accounting | 86,140 | 142,677 | (30,818) | 197,999 | ||||||||||||||||||||||
| Provision for contingencies | 25,645 | 18,350 | (15,315) | 28,680 | ||||||||||||||||||||||
| Other temporary differences | 62,283 | 162,609 | (127,484) | 97,408 | ||||||||||||||||||||||
| Subtotal | 1,909,551 | 959,691 | (661,089) | 2,208,153 | ||||||||||||||||||||||
| Hedge accounting | (106,564) | (47,673) | — | (154,237) | ||||||||||||||||||||||
| Capital gains from assets in business combinations | (13,683) | — | 1,959 | (11,724) | ||||||||||||||||||||||
| Deferred tax asset (a) | 1,789,304 | 912,018 | (659,130) | 2,042,192 | ||||||||||||||||||||||
| Deferred tax liabilities | ||||||||||||||||||||||||||
| Sundry deferred liabilities | (40,923) | (5,335) | — | (46,258) | ||||||||||||||||||||||
| Deferred tax liability | (40,923) | (5,335) | — | (46,258) | ||||||||||||||||||||||
(a) Deferred income tax and social contribution, both assets and liabilities, are offset in the balance sheet by taxable entity; and
The recognition of these deferred tax assets is based on the expectation of generating future taxable profits and supported by technical studies and earnings projections.
| 12/31/2024 | Constitution | Realization | 06/30/2025 | |||||||||||||||||||||||
| Deferred tax assets | ||||||||||||||||||||||||||
| Provision for impairment losses on loans and advances | 815,679 | 135,494 | (21,876) | 929,297 | ||||||||||||||||||||||
| Adjustment of financial assets to fair value | 442,773 | 373,383 | (442,773) | 373,383 | ||||||||||||||||||||||
| Tax losses carried forward | 336,535 | 1,918 | (15,721) | 322,732 | ||||||||||||||||||||||
| Hedge accounting | 39,187 | 7,334 | — | 46,521 | ||||||||||||||||||||||
| Provision for contingencies | 24,831 | 23,906 | (23,508) | 25,229 | ||||||||||||||||||||||
| Other temporary differences | 46,049 | 22,329 | (46,049) | 22,329 | ||||||||||||||||||||||
| Subtotal | 1,705,054 | 564,364 | (549,927) | 1,719,491 | ||||||||||||||||||||||
| Hedge accounting | (17,356) | (66,953) | — | (84,309) | ||||||||||||||||||||||
| Capital gains from assets in business combinations | (11,357) | (244) | 1,959 | (9,642) | ||||||||||||||||||||||
| Deferred tax asset (a) | 1,676,341 | 497,167 | (547,968) | 1,625,540 | ||||||||||||||||||||||
| Deferred tax liabilities | ||||||||||||||||||||||||||
| Sundry deferred liabilities | (32,790) | (889) | (2,520) | (36,199) | ||||||||||||||||||||||
| Deferred tax liability | (32,790) | (889) | (2,520) | (36,199) | ||||||||||||||||||||||
(a) Deferred income tax and social contribution, both assets and liabilities, are offset in the balance sheet by taxable entity; and
The recognition of these deferred tax assets is based on the expectation of generating future taxable profits and supported by technical studies and earnings projections.
52 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
a.Share-based compensation agreements
a.1) Stock option plan - Banco Inter S.A.
Between February 2018 and January 2022, Banco Inter S.A. established stock option programs through which stock options were granted to Inter's management and executives for the acquisition of Banco Inter S.A. shares.
On January 4, 2023, an Extraordinary General Meeting of Inter&Co, Inc. was held, at which the migration of share-based payment plans was approved, with the consequent assumption by Inter&Co of Banco Inter S.A.'s obligations arising from the active plans and respective programs. As a result of the corporate reorganization, the number of options held by each beneficiary was proportionally adjusted. Thus, for every 6 stock options of ordinary or preferred shares of Banco Inter S.A., the beneficiary will have 1 stock option of Inter&Co Class A Share. Additionally, the re-pricing of the exercise price of options granted in 2022, which had not yet been exercised, was approved. Upon re-pricing, a new calculation of the fair value of the granted and unexercised options was performed, resulting in an additional amount of R$ 15,990 of incremental expense, to be recognized over the remaining vesting period.
The main characteristics of the plans are described below:
| Grant Date | Final strike date | Options (shares INTR) | Vesting | Average strike price | Participants | |||||||||||||||||||||||||||
| 02/15/2018 | 02/15/2025 | 5,452,464 | Up to 5 years | R$1.80 | Officers, managers and key employees | |||||||||||||||||||||||||||
| 07/09/2020 | 07/09/2027 | 3,182,250 | Up to 5 years | R$21.50 | Officers, managers and key employees | |||||||||||||||||||||||||||
| 01/31/2022 | 12/31/2028 | 3,250,000 | Up to 5 years | R$15.50 | Officers, managers and key employees | |||||||||||||||||||||||||||
Changes in the options of each plan for the period ended June 30, 2026 and supplementary information are shown below:
| Grant Date | 12/31/2025 | Granted | Expired/Cancelled | Exercised | 06/30/2026 | |||||||||||||||||||||||||||
| 2020 | 2,222,663 | — | — | 43,950 | 2,178,713 | |||||||||||||||||||||||||||
| 2022 | 2,321,550 | — | 1,000 | 103,125 | 2,217,425 | |||||||||||||||||||||||||||
| Total | 4,544,213 | — | 1,000 | 147,075 | 4,396,138 | |||||||||||||||||||||||||||
| Weighted average price of the shares | R$ | 18.43 | R$ | — | R$ 15,50 | R$ 17,29 | R$ 18,47 | |||||||||||||||||||||||||
| Grant Date | 12/31/2024 | Granted | Expired/Cancelled | Exercised | 12/31/2025 | |||||||||||||||||||||||||||
| 2018 | 71,999 | — | — | 71,999 | — | |||||||||||||||||||||||||||
| 2020 | 2,443,088 | — | 25,350 | 195,075 | 2,222,663 | |||||||||||||||||||||||||||
| 2022 | 2,644,725 | — | 120,075 | 203,100 | 2,321,550 | |||||||||||||||||||||||||||
| Total | 5,159,812 | — | 145,425 | 470,174 | 4,544,213 | |||||||||||||||||||||||||||
| Weighted average price of the shares | R$ 18,15 | R$ | — | R$ | 16.55 | R$ | 15.89 | R$ | 18.43 | |||||||||||||||||||||||
53 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
The fair value of the 2020 plan were estimated based on the Black & Scholes option pricing model considering the terms and conditions under which the options were granted, and the respective compensation expense is recognized during the vesting period.
| 2020 | ||||||||||||||
| Strike price | 21.50 | |||||||||||||
| Risk-free rate | 9.98 | % | ||||||||||||
| Duration of the strike (years) | 7 | |||||||||||||
| Expected annualized volatility | 64.28 | % | ||||||||||||
| Fair value of the option at the grant/share date: | 0.05 | |||||||||||||
For the 2022 program, the fair value was estimated based on the Binomial model:
| 2022 | ||||||||
| Strike price | 15.50 | |||||||
| Risk-free rate | 11.45 | % | ||||||
| Duration of the strike (years) | 7 | |||||||
| Expected annualized volatility | 38.81 | % | ||||||
| Weighted fair value of the option at the grant/share date: | 4.08 | |||||||
For the period ended June 30, 2026, R$ 4,797 in employee benefit expenses were recognized (June 30, 2025: R$ 10,073).
a.2) Share-based payment related to Inter & Co Payments Inc., acquisition
In the context of Inter's acquisition of Inter & Co Payments, Inc., it was established that part of the payments to the acquired Company's senior executives would be effected through the conversion of Inter & Co Payments, Inc.'s share-based payment plan, with an amendment providing that the stock options could be exercised for Inter&Co Class A shares and/or Inter&Co restricted Class A shares, as applicable, in lieu of Inter & Co Payments, Inc. shares. Given the terms and conditions of the agreement executed between the parties, the expenses related to the granted options were treated as share-based payment expense recognized over the vesting period of the options and contingent upon the continued employment of such key management personnel.
All put options that had been granted were exercised, with the last tranche exercised on January 7, 2025.
All call options granted under the Inter & Co Payments, Inc. share-based payment plan, migrated to Inter & Co, were exercised and the shares were fully transferred to the beneficiary key executives by October 31, 2025, the total number of these shares is 489,386.
Due to the completion of the aforementioned transactions, the share-based payment plan of Inter&Co Payments, Inc., has been terminated and discontinued.
a.3) Restricted shares agreement (RSU) - Inter.
The Extraordinary General Meeting of Inter&Co, Inc. held on January 4, 2023 approved the creation of the Omnibus Incentive Plan, which aims to promote the interests of the Company and its shareholders, strengthening the Company's ability to attract, retain and motivate employees who are expected to make contributions to the Company and provide to these individuals with incentives to align their interests with those of the Company's shareholders.
The Omnibus Incentive Plan is administered by the Board of Directors of Inter&Co, Inc., which has the authority to approve program grants to Company employees.
54 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
As of December 31, 2024, the Company granted a total of 4,270,500 restricted stock units (RSUs) under the Omnibus Incentive Plan, with vesting schedules in 25% blocks, to various executives and employees of the Company and/or its direct or indirect subsidiaries, as provided for in each grant agreement. As of June 30, 2026, 385,500 granted RSUs had expired and 2,542,250 had been exercised.
In 2025, the Company granted 2,412,522 restricted stock units (RSUs) under the Omnibus Incentive Plan with vesting schedules in 25% blocks to various executives and employees of the Company and/or its direct or indirect subsidiaries. The vesting schedules are stipulated in each grant agreement. As of June 30, 2026, 177,487 granted RSUs had expired and 574,071 RSUs had been exercised.
In the first half of 2026, the Company granted 1,664,346 restricted stock units (RSUs) under the Omnibus Incentive Plan with vesting schedules in 25% blocks to various executives and employees of the Company and/or its direct or indirect subsidiaries. The vesting schedules are stipulated in each grant agreement. As of June 30, 2026, 8,736 granted RSUs had expired.
See table below:
| 06/30/2026 | ||||||||||||||||||||||||||||||||||||||
| Date of grant | Exercise rate per vesting | Fair value of share (in R$) | Remaining term of the vesting period (in years) | Vesting period (years) | Total granted | Total not vested yet | ||||||||||||||||||||||||||||||||
| 06/01/2023 | 25% | R$14.15 | — | 4.0 | 2,140,500 | 441,500 | ||||||||||||||||||||||||||||||||
| 11/01/2023 | 25% | R$22.99 | 1.0 | 4.0 | 15,000 | — | ||||||||||||||||||||||||||||||||
| 02/01/2024 | 25% | R$25.22 | 1.0 | 4.0 | 10,000 | — | ||||||||||||||||||||||||||||||||
| 04/01/2024 | 25% | R$29.11 | 2.0 | 4.0 | 120,000 | 20,000 | ||||||||||||||||||||||||||||||||
| 04/26/2024 | 25% | R$26.27 | 1.0 | 4.0 | 1,795,000 | 801,250 | ||||||||||||||||||||||||||||||||
| 06/04/2024 | 25% | R$30.35 | 2.0 | 4.0 | 60,000 | 30,000 | ||||||||||||||||||||||||||||||||
| 07/01/2024 | 25% | R$33.07 | 1.0 | 3.0 | 50,000 | 25,000 | ||||||||||||||||||||||||||||||||
| 07/17/2024 | 25% | R$36.47 | 2.0 | 4.0 | 30,000 | — | ||||||||||||||||||||||||||||||||
| 09/04/2024 | 25% | R$40.39 | 1.0 | 3.0 | 50,000 | 25,000 | ||||||||||||||||||||||||||||||||
| 01/29/2025 | 25% | R$28.18 | 2.0 | 4.0 | 1,850,000 | 1,305,000 | ||||||||||||||||||||||||||||||||
| 01/31/2025 | 25% | R$29.02 | 3.0 | 4.0 | 190,522 | 106,214 | ||||||||||||||||||||||||||||||||
| 02/24/2025 | 25% | R$28.03 | 2.0 | 4.0 | 10,000 | 7,500 | ||||||||||||||||||||||||||||||||
| 05/09/2025 | 25% | R$38.41 | 3.0 | 4.0 | 30,000 | 22,500 | ||||||||||||||||||||||||||||||||
| 06/02/2025 | 25% | R$38.56 | 2.0 | 4.0 | 302,000 | 197,250 | ||||||||||||||||||||||||||||||||
| 10/06/2025 | 25% | R$47.14 | 2.0 | 3.0 | 30,000 | 22,500 | ||||||||||||||||||||||||||||||||
| 02/05/2026 | 25% | R$44.67 | 3.0 | 4.0 | 1,437,096 | 1,428,360 | ||||||||||||||||||||||||||||||||
| 05/11/2026 | 25% | R$28.89 | 3.0 | 4.0 | 227,250 | 227,250 | ||||||||||||||||||||||||||||||||
| Total | 8,347,368 | 4,659,324 | ||||||||||||||||||||||||||||||||||||
55 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
| 12/31/2025 | ||||||||||||||||||||||||||||||||||||||
| Date of grant | Exercise rate per vesting | Fair value of share (in R$) | Remaining term of the vesting period (in years) | Vesting period (years) | Total granted | Total not vested yet | ||||||||||||||||||||||||||||||||
| 06/01/2023 | 25% | R$14.15 | 1.0 | 4.0 | 2,140,500 | 441,500 | ||||||||||||||||||||||||||||||||
| 11/01/2023 | 25% | R$22.99 | 2.0 | 4.0 | 15,000 | — | ||||||||||||||||||||||||||||||||
| 02/01/2024 | 25% | R$25.22 | 2.0 | 4.0 | 10,000 | — | ||||||||||||||||||||||||||||||||
| 04/01/2024 | 25% | R$29.11 | 2.0 | 4.0 | 120,000 | 60,000 | ||||||||||||||||||||||||||||||||
| 04/26/2024 | 25% | R$26.27 | 2.0 | 4.0 | 1,795,000 | 812,750 | ||||||||||||||||||||||||||||||||
| 06/04/2024 | 25% | R$30.35 | 2.0 | 4.0 | 60,000 | 45,000 | ||||||||||||||||||||||||||||||||
| 07/01/2024 | 25% | R$33.07 | 1.0 | 3.0 | 50,000 | 25,000 | ||||||||||||||||||||||||||||||||
| 07/17/2024 | 25% | R$36.47 | 3.0 | 4.0 | 30,000 | — | ||||||||||||||||||||||||||||||||
| 09/04/2024 | 25% | R$40.39 | 2.0 | 3.0 | 50,000 | 25,000 | ||||||||||||||||||||||||||||||||
| 01/29/2025 | 25% | R$28.18 | 3.0 | 4.0 | 1,850,000 | 1,320,000 | ||||||||||||||||||||||||||||||||
| 01/31/2025 | 25% | R$29.02 | 3.0 | 4.0 | 190,522 | 135,535 | ||||||||||||||||||||||||||||||||
| 02/24/2025 | 25% | R$28.03 | 3.0 | 4.0 | 10,000 | 7,500 | ||||||||||||||||||||||||||||||||
| 05/09/2025 | 25% | R$38.41 | 3.0 | 4.0 | 30,000 | 30,000 | ||||||||||||||||||||||||||||||||
| 06/02/2025 | 25% | R$38.56 | 3.0 | 4.0 | 302,000 | 212,250 | ||||||||||||||||||||||||||||||||
| 10/06/2025 | 25% | R$47.14 | 3.0 | 3.0 | 30,000 | 22,500 | ||||||||||||||||||||||||||||||||
| Total | 6,683,022 | 3,137,035 | ||||||||||||||||||||||||||||||||||||
For the period ended June 30, 2026, R$ 35,346 (R$ 17,318 as of June 30, 2025) in employee benefit expenses were recognized in the Company's results.
56 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
Transactions with related parties are defined and controlled in accordance with the Related Parties policy approved by the Inter&Co Board of Directors. This policy defines and safeguards transactions involving Inter and its shareholders or direct or indirect related parties. Transactions related to subsidiaries are eliminated in the consolidation process and do not affect the consolidated financial statements. Below, we detail the transactions with related parties:
| Parent Company (a) | Key management personnel (b) | Other related parties (c) | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 06/30/2026 | 12/31/2025 | 06/30/2026 | 12/31/2025 | 06/30/2026 | 12/31/2025 | 06/30/2026 | 12/31/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Assets | 1,189 | 2,936 | 14,688 | 17,121 | 991,499 | 811,314 | 1,007,376 | 831,371 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Loans and advances to customers | 1,189 | 2,936 | 14,688 | 17,121 | 991,499 | 811,314 | 1,007,376 | 831,371 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Liabilities | (55,575) | (62,590) | (30,360) | (24,591) | (129,701) | (278,659) | (215,636) | (365,840) | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Deposits from customers - Demand deposits | (1,193) | (1,533) | (2,458) | (2,178) | (36,075) | (4,780) | (39,726) | (8,491) | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Deposits from customers - Term deposits | (3,180) | (4,456) | (11,642) | (8,309) | (15,116) | (73,812) | (29,938) | (86,577) | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Securities issued | (51,202) | (56,601) | (16,260) | (14,104) | (78,510) | (95,667) | (145,972) | (166,372) | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Other liabilities | — | — | — | — | — | (104,400) | — | (104,400) | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Parent Company (a) | Key management personnel (b) | Other related parties (c) | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 06/30/2026 | 06/30/2025 | 06/30/2026 | 06/30/2025 | 06/30/2026 | 06/30/2025 | 06/30/2026 | 06/30/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Profit/ (loss) | (3,185) | (3,396) | (413) | (736) | 677 | (5,414) | (2,921) | (9,546) | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest income | 67 | — | 1,143 | 287 | 16,870 | 2,839 | 18,080 | 3,126 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest expenses | (3,252) | (3,396) | (1,560) | (1,124) | (7,757) | (6,261) | (12,569) | (10,781) | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Net revenues from services and commissions | — | — | 62 | 106 | 2,821 | 9,259 | 2,883 | 9,365 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Other revenues | — | — | — | — | 1,077 | — | 1,077 | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Other administrative expenses | — | — | (58) | (5) | (12,334) | (11,251) | (12,392) | (11,256) | |||||||||||||||||||||||||||||||||||||||||||||||||||
(a) Inter&Co is directly controlled by Costellis International Limited, with the other shareholders being SBLA Holdings and Hottaire;
(b) Board Members and Directors of Inter&Co; and
(c) Any immediate family members of key management personnel or companies controlled by them, including: companies controlled by immediate family members of the Inter&Co controller; companies over which the controller or their immediate family members have significant influence; other investors who have influence over Inter&Co and their close relatives.
Compensation of key management personnel
The total compensation for the Management of Inter&Co, Inc. is set annually by the Ordinary General Meeting, as established in the Company's Bylaws, encompassing the members of the Board of Directors, the Board of Administration, and the Fiscal Council. For the current period, the total amount approved was R$ 149,159 (in 2025: R$ 109,350). On June 30, 2026, an expense for dividends was recognized in the amount of R$ 31,129 (R$ 37,554 on June 30, 2025).
57 | ||||||||||||||
| Notes to the interim condensed consolidated financial statement As of June 30,2026 | ||||
35. Subsequent events
Issuance of Subordinated Financial Letters (LFSN)
On July 17, 2026, Subordinated Financial Letters ("LFSN") were issued in the amount of R$300,000 (three hundred million reais). These Financial Letters may be subject to full optional early redemption starting on July 17, 2031, on each permitted repurchase date, generally subject to prior authorization from the Central Bank of Brazil, as stipulated in the transaction documents. In accordance with BCB Resolutions No. 122 and No. 5,007, these Financial Letters will contribute to the Supplementary Capital of Banco Inter's Reference Equity.
36. Other information
Consumer Tax Reform
On January 16, 2025, Complementary Law No. 214/2025 was published, resulting from the conversion of PLP No. 68/2024, integrating the regulation of Constitutional Amendment No. 132/2023, which establishes the Tax Reform on Consumption. This law provides, among other aspects, for the creation of three new taxes: the Tax on Goods and Services (IBS), the Contribution on Goods and Services (CBS), and the Selective Tax (IS), representing a significant milestone in the modernization of the national tax system.
On January 13, 2026, Complementary Law No. 227, derived from PLP No. 108/2024, was enacted, creating the IBS Management Committee (CGIBS) and establishing the general rules for its administration, oversight, collection, and revenue distribution. The law also defined the IBS/CBS rates applicable to financial services for the period from 2027 to 2033, with a progressive increase from 10.85% to 12.50%. Conversely, for fees currently subject to ISS (Service Tax), a reduction in the rate from 2% to 1.2% is foreseen for the same period.
Inter&Co is monitoring the evolution of regulations and the publication of supplementary rules necessary for the implementation of the new tax model. The potential financial and operational impacts resulting from these changes are still under evaluation and await supplementary regulations for a final analysis of the aforementioned impacts.
58 | ||||||||||||||