XP Inc. (XP) Q1 2024 Earnings Call Transcript

XP Inc. (NASDAQ:XP) Q1 2024 Results Conference Call May 21, 2024 5:00 PM ET

Company Participants

Andre Parize – Head, Investor Relations
Thiago Maffra – Chief Executive Officer
Bruno Constantino – Chief Financial Officer

Conference Call Participants

Thiago Batista – UBS
Jorge Kuri – Morgan Stanley
Renato Meloni – Autonomous Research
Antonio Huet – Bank of America
Neha Agarwala – HSBC
Tito Labarta – Goldman Sachs

Andre Parize

Good evening, everyone. I’m Andre Parize, Head of Investor Relations at XP Inc. It’s a pleasure to be here with you today. On behalf of the Company, I would like to thank you all for the interest and welcoming to our ’24 First Quarter Earnings Call. This quarter’s results will be presented by our CEO, Thiago Maffra and our CFO, Bruno Constantino, who will both be available for the Q&A session right after the presentation. [Operator Instructions].

And before we begin our presentation, please refer to our legal disclaimers on Page 2 on which we clarify forward-looking statements, additional information on forward-looking statements can also be found on the SEC filings section in our IR website.

So now, I’ll turn it over to Thiago Maffra. Go evening, Maffra.

Thiago Maffra

Good evening, everyone. Thank you for joining us today on our 2024 first quarter earnings call. It’s a pleasure to be here tonight. Before we review our financial results, it’s important to acknowledge the devastating floods that have impacted Rio Grande do Sul, resulting in tragic loss of lives and homes. It’s particularly heartbreaking as XP began its journey in a small 200 square foot of [St. Porto Alegre]. During this difficult time, we are committed to supporting the affected communities. Our hearts go out to all those affected.

Now let us discuss our quarterly performance and the steps we are taking

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