Business
Interactive Brokers Group Announces 4Q2019 Results
Diluted Earnings Per Share of $0.57, Adjusted Diluted Earnings Per Share of $0.58 Income Before Taxes of $312 Million on $500 Million in Net Revenues.
About this update from Interactive Brokers Group, Inc.
[{"type":"text","content":"\nDiluted Earnings Per Share of $0.57, Adjusted Diluted Earnings Per Share of $0.58\n\n\nIncome Before Taxes of $312 Million on $500 Million in Net Revenues. Adjusted Income Before Taxes of $315 Million on $503 Million in Adjusted Net Revenues1\n\n\nDeclares Quarterly Dividend of $0.10 Per Share\n\n GREENWICH, Conn.--(BUSINESS WIRE)--\nInteractive Brokers Group, Inc. (NASDAQ GS:IBKR), an automated global electronic broker, reported diluted earnings per share of $0.57 for the quarter ended December 31, 2019 compared to $0.57 for the same period in 2018, and adjusted diluted earnings per share of $0.58 for both this quarter and for the same period in 2018.\n\n\nNet revenues were $500 million and income before income taxes was $312 million this quarter, compared to net revenues of $492 million and income before income taxes of $309 million for the same period in 2018. Adjusted net revenues were $503 million and adjusted income before income taxes was $315 million this quarter, compared to adjusted net revenues of $496 million and adjusted income before income taxes of $313 million. The results for the quarter were positively impacted by strong growth in net interest income, which increased $44 million, or 18%, from the year-ago quarter; partially counterbalanced by lower commissions revenue, which decreased $37 million, or 18%, from the year-ago quarter.\n\n\nThe Interactive Brokers Group, Inc. Board of Directors declared a quarterly cash dividend of $0.10 per share. This dividend is payable on March 13, 2020 to shareholders of record as of February 28, 2020.\n\n\nEffective this quarter, we introduced the reporting of non-GAAP financial measures which exclude certain items that may not be indicative of our core operating results and business outlook and may be useful in evaluating the operating performance of our business and provide a better comparison of our results in the current period to those in prior and future periods. See the reconciliation of non-GAAP financial measures starting on page 11.\n\n\nBusiness Highlights\n\n\nFourth Quarter 2019:\n\n\n\n62% pretax profit margin for this quarter, down from 63% in the year-ago quarter.\n\n\n65% Electronic Brokerage pretax profit margin for this quarter, up from 63% in the year-ago quarter.\n\n\nCustomer equity grew 36% from the year-ago quarter to $174.1 billion and customer debi...