Inter (INTR) Credit Losses Provision : $343 Mil (As of Mar. 2024)

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What is Inter Credit Losses Provision?

Inter's credit losses provision for the three months ended in Mar. 2024 was $93 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $343 Mil.

Inter's quarterly credit losses provision declined from Sep. 2023 ($83 Mil) to Dec. 2023 ($78 Mil) but then increased from Dec. 2023 ($78 Mil) to Mar. 2024 ($93 Mil).

Inter's annual credit losses provision increased from Dec. 2021 ($105 Mil) to Dec. 2022 ($207 Mil) and increased from Dec. 2022 ($207 Mil) to Dec. 2023 ($315 Mil).

Inter Credit Losses Provision Historical Data

The historical data trend for Inter's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Inter Credit Losses Provision Chart

Inter Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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26.09

49.24

105.32

206.51

314.62

Inter Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															70.02	88.76	82.59	78.46	93.39

Inter Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $343 Mil.

Inter (INTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Inter & Co Inc (NAS:INTR) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

QN7:Germany INBR32:Brazil

Address

Avenida Barbacena, 1.219, 22nd Floor, Belo Horizonte, MG, BRA, 30 190-131

Website

https://www.bancointer.com.br

Inter & Co Inc operates as a digital bank. The company's segment includes Banking & Spending; Investments; Insurance Brokerage; and Inter Shop & Commerce Plus. It generates maximum revenue from the Banking & Spending.