Banco Pine reported on Wednesday that he had a net income of $ 67 million from October to December last year, growing 8% in the same period of 2023 and the best quarterly result in its history.
The bank has also announced that it will regain up to 5 million shares, according to a fact relevant to the market published above.
The credit portfolio enlarged at the end of 2024 totaled 14.3 billion dollars, an increase of 49% compared to December 2023, with the bank that assigned the performance to the diversification of revenue and the optimization of capital allocation .
According to Rodrigo Pinheiro, executive director of Banco Pine, in the midst of the diversification strategy, the bank has maintained its attention on the wholesale segment, whose portfolio recorded a growth of 24% in December 2023.
“We will continue to look for the sustainable growth of this banking activity, which represented half of our revenues in 2024,” said Pinheiro in a statement on the budget.
The colaralized retail portfolio, a segment that includes loans on wages, increased by 73% in 12 months to 8.3 billion R $, gaining participation in Pine’s revenues – 50%, also in percentage of all ‘ wholesale.
“We are investing to create a complete treadmill on this front that allows a greater cross-sell in 2025,” said Clive Botelho, a member of the Pine executive committee, which also monitors the opportunities that could arise with new regulations.
During last year, the net income of the bank founded in 1997 by Noberto Pinheiro reached 258 million dollars, an expansion of 43% compared to 2023 and also record. The return to the annualized heritage (ROE) increased by 3.8 percentage to 23%.
The pine closed 2024 with a Basile rate of 14.5%, with an increase of 0.7 points compared to December 2023.
“At the same time we maintained a relevant presence in the wholesale, we consolidate our retail ecosystem of Colararalized, expanded and diversified our” Foundation “and strengthened our capital structure”, said Noberto Pinheiro Jr., executive director of Pine .
Source: Terra
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