Inter & Co, Inc. Files 6-K with 2023 Annual Report

Ticker: INTR · Form: 6-K · Filed: Jun 27, 2024 · CIK: 1864163

Sentiment: neutral

Topics: annual-report, filing, financials

TL;DR

Inter & Co dropped its 2023 annual report via a 6-K filing. Check financials.

AI Summary

Inter & Co, Inc. filed a Form 6-K on June 27, 2024, reporting on its activities for the month of June 2024. The filing includes its 2023 annual report, which was submitted as of December 31, 2023. The company, formerly known as Inter Platform, Inc., is incorporated in Brazil and operates in the commercial banking sector.

Why It Matters

This filing provides investors with the company's official 2023 annual report, offering insights into its financial performance and operational status for the past fiscal year.

Risk Assessment

Risk Level: low — This filing is a routine submission of an annual report and does not contain new material events or significant financial disclosures that would indicate elevated risk.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of this Form 6-K filing?

The primary purpose is to report on the activities of Inter & Co, Inc. for the month of June 2024, and it includes the company's 2023 annual report.

When was Inter & Co, Inc. formerly known as?

Inter & Co, Inc. was formerly known as Inter Platform, Inc., with a name change date of May 25, 2021.

What is the SIC code for Inter & Co, Inc.?

The Standard Industrial Classification (SIC) code for Inter & Co, Inc. is 6029, which corresponds to Commercial Banks, NEC.

Where is Inter & Co, Inc. headquartered?

Inter & Co, Inc. is headquartered in Belo Horizonte, Brazil, with its principal executive offices located at Av Barbacena, 1.219, 22nd Floor.

Does Inter & Co, Inc. file annual reports under Form 20-F?

Yes, the filing indicates that Inter & Co, Inc. files annual reports under cover of Form 20-F.

Filing Stats: 1,253 words · 5 min read · ~4 pages · Grade level 15.9 · Accepted 2024-06-27 17:07:15

Key Financial Figures

Filing Documents

From the Filing

a2023annualreport 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 June 2024 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) Av Barbacena, 1.219, 22nd Floor Belo Horizonte, Brazil, ZIP Code 30 190-131 Telephone: +55 (31) 2138-7978 (Address of principal executive office) 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 2023 Annual Report Pocket Version Insurance Health Through the Financial Super App, Inter&Co's activities transcend banking barriers and reach the generation of positive impact on several fronts and for multiple audiences, for society, and the environment. Digital account Corporate account Pix Kids Account Credit card Banking Pay order on credit Digital credit card Pix on credit Real Estate Credit Advance of FGTS Payroll Loan Credit More limit savings Vehicle financing Consortiums Credit Investment platform Meu Porquinho ("My Piggybank") Investe Fácil ("Invest Easy") Savings Private pension Investments Exchange points for miles Exchange points for dollars Exchange points for a discount on your bill Exchange points for extra cashback Exchange points for cashback directly on your bill Exchange points for investments in Meu Porquinho ("My Piggybank") Loop Life insurance Pix Insurance More protected card Travel insurance Home insurance Dental plan Pet health plan Telemedicine Shopping Travel Duo Gourmet Recharge Shell Box Cell Phone Plans Gift Card Sustainable Living Shopping & experiences Inter&Co's Annual Report presents the company's results in generating shared value for its various stakeholder groups, contributing to advancement of the ESG agenda by strengthening the integration of governance, people, and environmental issues at the company and its purpose of unlocking possibilities for an intelligent financial life. Looking beyond the horizon, we are excited about the prospects for 2024. We are focused on delivering the second year of our "60-30-30 Plan". Our ongoing quest to drive innovation and technology, which was even the most popular material topic in our stakeholder survey in 2023, will unlock even more possibilities for a smarter financial life for our customers. ESG at Inter&Co Strategic vision driven by technology and innovation Inter&Co offers the Financial Super App: a powerful platform with integrated products and services, designed to meet the needs of the various moments in its customers' lives. Through an unique and transformative ecosystem, Inter&Co unlocks possibilities for a smart financial life. The Super App for your financial life João Vitor Menin Inter&Co CEO Banking products Non-banking products 01 2023 Annual Report | Pocket Version Download the full report 1.200 #SangueLaranjas (internal stakeholders) 3rd Round of Feedback from Stakeholders billion 54.5% 30 million54% 8.1 5% Activation rate (+300bps YoY) Total Gross Revenue (+35% YoY) (-18p.p YoY) Efficiency Index Total number of Customers (+19% YoY) (+5,1 p.p YoY) ROE billion points generated 3.4 5.4 active customers million +Internal workshops +Interviews with stakeholders Alignment with the SDGs The SDG Radar reflects deployment of the priorities identified in the development of Double Materiality in the vision and language of the 2030 Agenda. The more relevant it is to Inter&Co, the more space the SDG has on the Radar. 8.261 stakeholders responded to the online survey 7.061 outside stakeholders The year 2023 was the starting point for the 60-30-30 Plan* and exceptional financial results have already been achieved. The gateway for customers into the world of investments. Inter&Co's points program that provides access to multiple benefits. Meu Porquinho ("My Piggybank") Loop 1.333.345 customers used the product 44% of customers used Meu Porquinho ("My Piggybank") as their first investment with Inter&Co. A compass of impact for the company, it defines the main financial, environmental, social, and governance risks and opportunities. 02 2023 *It is a five-year strategic plan that guides the entire company in its quest to reach 60 million customers, achieve an efficiency rate of 30%, and deliver a return on equity (ROE) of 30% by 2027. Launched with success and high customer adoption New products Finance Materiality 2023 Annual Report | Pocket Version Download the full report 10 material topics structured in the Double Materiality Matrix to open an account 100% free of charge

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