secwatch.observer — SEC 8-K summary
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Issuer:     LPL Financial Holdings Inc. (LPLA)
CIK:        0001397911
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001397911-24-000050
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LPL Financial Q1 net income $289M, EPS $3.83 down 10% YoY; adjusted EPS $4.21 down 6%
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- Net income $289M ($3.83 diluted EPS), down 10% YoY; adjusted EPS $4.21, down 6%.
- Gross profit $1,066M (+5% YoY); core G&A $364M (+11% YoY); adjusted EBITDA $541M (-5%).
- Total advisory & brokerage assets $1.44T (+23% YoY); advisory assets $793B (+28% YoY).
- Organic net new assets $17B (5% annualized); recruited assets $20B in quarter, $87B TTM.
- Client cash $46B (-$2B QoQ, -$8B YoY); leverage 1.65x; $70M repurchases, $22.4M dividends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1397911/000139791124000050/0001397911-24-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1397911/000139791124000050/lpla-20240430.htm
  HTML page:      https://secwatch.observer/filing/0001397911-24-000050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer