Inter&Co Inc. (NASDAQ: INTR) reported first-quarter results showing the Brazilian digital bank reached 44 million total clients and achieved net income of R$395 million ($75.6 million).

The company's gross loan portfolio expanded 33% year-over-year to R$50 billion ($9.5 billion), outpacing Brazilian market growth. Nearly 70% of the credit portfolio is secured by collateral, according to the earnings statement.

Inter&Co reported a return on equity of 15.5%, up 265 basis points from the previous year. The efficiency ratio reached 43.8% during the quarter.

Payment volumes through cards and PIX transactions reached a R$1.7 trillion ($327 billion) annual run rate, representing 26% year-over-year growth. The company holds an 8.5% market share in PIX transactions in Brazil.

The activation rate among clients reached nearly 60%, which the company described as the highest quarterly increase since 2024. Private payroll loans reached R$2.5 billion in portfolio with 600,000 active clients.

"We began 2026 with notable achievements driven by robust performance metrics and cutting-edge innovation," said João Vitor Menin, Global CEO, in the earnings release.

The company introduced an AI tool called Seven, designed to provide conversational interactions for clients to explore products, make credit decisions, and complete transactions.

Inter&Co will host an investor event on May 11 at Nasdaq in New York and held an earnings call on May 7 to discuss the quarterly results.

The financial figures were converted from Brazilian reais using exchange rates from Brazil's Central Bank as of March 31, 2026.