Banco Modal S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net interest income was BRL 71.1 million compared to BRL 45.52 million a year ago. Net income was BRL 14.34 million compared to BRL 48.38 million a year ago. Basic earnings per share from continuing operations was BRL 0.040821.
For the nine months, net interest income was BRL 122.91 million compared to BRL 83.86 million a year ago. Net income was BRL 62.12 million compared to BRL 103 million a year ago. Basic earnings per share from continuing operations was BRL 0.142579.