Inter & Co, Inc. (NASDAQ:INTR) Q2 2023 Results Conference Call August 14, 2023 2:00 PM ET

Company Participants

João Vitor Menin - CEO

Alexandre Riccio - SVP, Retail Banking

Santiago Stel - SVP, Finance and Risks

Conference Call Participants

Thiago Batista - UBS

Yuri Fernandes - JPMorgan

Eduardo Rosman - BTG

Rafael Frade - Citi

Pedro Leduc - Itaú BBA

Neha Agarwala - HSBC

Tito Labarta - Goldman Sachs

Operator

Good afternoon, and thank you for standing by. Welcome to the Inter & Co Second Quarter Earnings Conference Call. Today's speakers are João Vitor Menin, CEO; Alexandre Riccio, Senior Vice President of Retail Banking; and Santiago Stel, Senior Vice President of Finance and Risks. [Operator Instructions]

We will be presenting non-IFRS financial information. These are important financial measures for the company but are not financial measures as defined by IFRS. Reconciliations of the company's non-IFRS financial information to the IFRS financial information are available in Inter's earnings release and earnings presentation appendix. Today's discussion might include forward-looking statements, which are not guarantees of future performance. Please refer to the forward-looking statements disclosure in the company's earnings release and earnings presentation.

Now let me introduce the agenda for today. Mr. João Vitor Menin will start the presentation sharing with you an overview of the vision and the main achievements of the quarter. Then Mr. Alexandre Riccio will cover the banking and transactional platform sections. Mr. Santiago Stel will present the financial performance section. Then Mr. João Vitor Menin will make some closing remarks, and we will proceed to the Q&A session.

Now I would like to lead the floor to Mr. João Vitor Menin. Sir, the floor is yours.

João Vitor Menin

Thank you, operator. Good afternoon, everyone, and thank you for joining our earnings call. This is a truly special quarter for several reasons. On one hand, it marks the 1-year anniversary of our U.S. listing, which is why we are broadcasting from NASDAQ, New York studios.

And more importantly, this is a quarter of records representing an inflection point in our history. If you recall what I said in the last quarter earnings call, I mentioned that our results were just a glimpse of our strong potential. Well, the glimpse is now a reality, reflected in the multiple records we were able to print in a single quarter. First, we combined both top and bottom line record performance. Second, we delivered our strongest operational results with record new active clients and activations.