Schwab reports record full-year EPS of $3.50 ($3.90 adjusted); revenue up 12% to $20.8B

SCHWAB CHARLES CORP

2022-FY EPS reported $3.50 revenue$20,762,000,000

Full-year net income rose 23% to a record $7.2B; GAAP diluted EPS $3.50, adjusted $3.90.
Q4 net income $2.0B, up 25% YoY; diluted EPS $0.97 ($1.07 adjusted), beating prior year.
Gathered $428B in core net new assets in 2022; added over 4 million new brokerage accounts.
Net revenues for Q4 $5.5B (+17% YoY); full-year $20.8B, driven by higher asset management fees.
Pre-tax profit margin improved to 45.2% GAAP (50.0% adjusted) for the full year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SCHWAB CHARLES CORP reported the quarter ended December 31, 2022 results: net income $1,968, EPS $.97.

Period: the quarter ended December 31, 2022
Net income: $1,968
EPS: $.97
Result: reported results

Exact text from the filing

On January 18, 2023, The Charles Schwab Corporation issued a press release announcing its financial results for the quarter ended December 31, 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SCHWAB CHARLES CORP reported the twelve months ended December 31, 2022 results: revenue $ 20,762, net income $ 7,183, EPS $ 3.50.

Period: the twelve months ended December 31, 2022
Revenue: $ 20,762
Net income: $ 7,183
EPS: $ 3.50
Result: reported results

Exact text from the filing

Three Months Ended December 31, % Twelve Months Ended December 31, % Financial Highlights (1) 2022 2021 Change 2022 2021 Change Net revenues (in millions) $ 5,497 $ 4,708 17% $ 20,762 $ 18,520 12% Net income (in millions) GAAP $ 1,968 $ 1,580 25% $ 7,183 $ 5,855 23% Adjusted (1) $ 2,151 $ 1,775 21% $ 7,934 $ 6,670 19% Diluted earnings per common share (2) GAAP

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SCHWAB CHARLES CORP filing history →

Source: SEC EDGAR

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