Nubank mentioned on Tuesday (13) a 37 % growth in net income Adjust comparison with the previous year, slightly less than analysts.
Nubank recorded net modified income 606.5 million US dollars in the quarter ending in MarchAnalysts, on average, indicated a profit of $ 630.5 million, according to LSEG survey.
The result, which was affected positively by $ 47 million before taxes due to tax credit review, was also slightly less than the unanimity issued by the company, at a value of $ 614 million.
Nubank Guilherme Lago told Reuters that the performance is mainly due to the highest profitability in Brazil, and its main market, with an increase in personal loan portfolio and “leverage”.
Nubank, which also has operations in Colombia and Mexico, said the total revenue amounted to $ 3.2 billion, an increase of 19 % on an annual basis.
The return on the net annual property rights (ROE) reached 27 %, an increase of 4 percentage points compared to the previous year, but two percentage points decreased compared to the last quarter of 2024.
The Digital Bank ended the first quarter with a $ 24.1 billion credit wallet, by 23 % during the previous year.
The default rate over 90 days, in turn, reached 6.5 %Higher than 6.3 % calculated in the same quarter as last year, but decreased from the previous quarter, when it was 7 %.
The Financial Corporation has a Hathaway Berne Buffett, among its shareholders.
