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/Contents 28 0 R /Parent 2 0 R endobj The Company also uses adjusted diluted EPS and return on tangible common equity as components of performance criteria for employee bonus and certain executive management incentive compensation arrangements. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Enter your email address below to receive the latest news and earnings results for SCHW and its competitors with MarketBeat's FREE daily newsletter. /MediaBox [0.0 0.0 612.0 792.0] >> >> Return on tangible common equity represents annualized adjusted net income available to common stockholders as a percentage of average tangible common equity. /Type /Page The Charles Schwab Corporation (SCHW) 2022 Summer Business Update We ended the year with $8.14 trillion in client assets across 33.2 million brokerage accounts, increases of 22% and 12%, respectively., Mr. Bettinger added, Even as we worked to support unprecedented levels of client activity during 2021, the Schwab team continued to drive progress across our key strategic priorities of scale and efficiency, win-win monetization, and segmentation. 6 0 obj /Contents 32 0 R Transcript : The Charles Schwab Corporation, Q1 2022 Guidance/Update Then came increasing debates regarding the overall pace of economic growth, the potential path of inflation, and the ultimate impact of multiple global market disruptions. /First 18 0 R Did Charles Schwab beat their earnings estimates last quarter? /F 2 /Parent 2 0 R Includes miscellaneous service and transaction fees relating to mutual funds and ETFs that are not balance-based. << Record GAAP Earnings Per Share of $.99, $1.10 Adjusted (1) as Company Delivers Growth Plus Capital Return WESTLAKE, Texas, October 17, 2022 - The Charles Schwab Corporation announced today that its net income for the third quarter of 2022 was a record $2.0 billion compared with $1.8 billion for the second quarter of 2022, and $1.5 17 0 obj 5 0 obj Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? Note: The above table reflects the recognition of TD Ameritrades assets acquired and liabilities assumed at fair value as of October 6, 2020. /Contents 36 0 R Stewardship, Main Street Customer deposits dropped significantly in the first quarter, falling by $41 billion, or 11 percent, from the previous quarter. /Type /Page Learn /Type /Page /MediaBox [0.0 0.0 612.0 792.0] Real-time analyst ratings, insider transactions, earnings data, and more. /MediaBox [0.0 0.0 612.0 792.0] The light blue line represents the company's estimated revenue based on the consensus of Wall Street analysts for each quarter. The results also exceeded Wall Street's forecast. And first off, we want to thank you for spending some time. program is designed to provide regular updates to executive managements priorities and (In billions, at quarter end, except as noted), Schwab One, certain cash equivalents and bank deposits, Proprietary mutual funds (Schwab Funds and Laudus Funds) and CTFs, Net growth in assets in client accounts (for the quarter ended), New brokerage accounts (in thousands, for the quarter ended) (7). Although Charles Schwab is best known for its giant brokerage business, it also has a large banking arm. 14 0 obj /MediaBox [0.0 0.0 612.0 792.0] contact@marketbeat.com Adjusted total expenses(1) were up 7% year-over-year, reflecting robust client engagement and business growth, as well as the 5% employee salary increase that went into effect at the end of September. (2b7a08845035484f80980aa360534190_1) [6 0 R /XYZ null 755 null] endobj Furthermore, utilization of our bank lending capabilities rose at an even faster pace last year, with outstanding balances of mortgage loans and secured credit lines rising by a combined total of $11.0 billion, or 48%, during 2021 to end the year at $33.8 billion., Mr. Bettinger concluded, Successfully focusing on quality client service while pushing forward with firm-wide initiatives to build a stronger and more capable company would be demanding in any environment. Its primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides banking and lending services and products. /Parent 2 0 R Pivoting to expenses, our total GAAP spending was essentially flat versus a year ago at $2.7 billion, which included $101 million in acquisition and integration-related costs and $154 million in amortization of acquired intangibles. /Prev 43 0 R /Count 0 Explore our offerings, who we serve, and our history of innovation. /MediaBox [0.0 0.0 792.0 612.0] Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (Member SIPC), offers investment services and products, including Schwab brokerage accounts. /Resources 21 0 R Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. >> >> Calculated by Time-Weighted Return since 2002. 1 0 obj Charles Schwab's Deposits Shrink, but Profits Grow Faster Than Expected Charles Schwab Phone: 415-667-1525 INVESTORS/ANALYSTS: Jeff Edwards Charles Schwab Phone: 415-667-1524 SCHWAB REPORTS RECORD FULL-YEAR EARNINGS PER SHARE Gathered $428 Billion in Annual Core Net New Assets; Added More Than 4 Million New Accounts 2022 Revenues Grew 12% to $20.8 Billion; Earnings per Share Increased to $3.50, $3.90 Adjusted (1) >> >> Form 10-K, Form 10-Q, and Form 8-K are filed with the Securities and Exchange Commission. Mayura Hooper /ModDate (D:20230414232912+00'00') Includes institutional funds available only to Investment Managers. PDF 1Q23 Exhibit 99.1 03.31 - content.schwab.com endobj Fourth quarter of 2020 includes 14.5 million new brokerage accounts related to the acquisition of TD Ameritrade. CROX earnings call for the period ending March 31, 2023. /Creator (Workiva) (9c39be1f4da044a4952a43d29436c913_13) [11 0 R /XYZ null 580 null] 17 The Charles Schwab Corporation (SCHW) 2023 Spring Business Update. Information directly from the company on their operating performance.. In the quarter, we continued to increase our win rates and expand the depth and breadth of our pipeline . Charles Schwab Corp. - Transcripts - BamSEC Charles Schwab Corp. NYSE: SCHW Share price (1/20/23): $77.03 Market cap (1/20/23): $140 billion 14 Charles Schwab Corp. /Next 42 0 R The company earned $5.12 billion during the quarter, compared to analyst estimates of $5.13 billion. PDF 3Q21 Exhibit 99.1 09.30 - Schwab Brokerage >> /Resources 25 0 R 8 0 obj The Charles Schwab Corporation (SCHW) 2023 Winter Business Update Call