SCHWAB CHARLES CORP: Certificate of Elimination filed to remove all matters related to Series I Preferred Stock from the certificate of incorporation (effective 2026-06-01).
“On June 1, 2026, The Charles Schwab Corporation (the “Company”) filed a Certificate of Elimination with the Secretary of State of the State of Delaware with respect to the Company’s 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I (“Series I Preferred Stock”), which, effective upon filing, eliminated from the Company’s Fifth Restated Certificate of Incorporation, as amended, all matters set forth in the Certificate of Designations for the Series I Preferred Stock.”
Shareholder Votes
SCHWAB CHARLES CORP shareholders rejected Approval of Amendments to Certificate of Incorporation and Bylaws to Declassify the Board of Directors at the 2026-05-21 meeting.
“The proposal to amend CSC’s Fifth Restated Certificate of Incorporation, as amended (the “Certificate of Incorporation”), and to make conforming amendments to CSC’s Amended and Restated Bylaws (the “Bylaws”) to declassify the Board, which required the affirmative vote of 80% of all outstanding shares of CSC’s common stock, was not approved.”
Shareholder Votes
SCHWAB CHARLES CORP shareholders approved Advisory Vote to Approve NEO Compensation at the 2026-05-21 meeting.
“The advisory vote on named executive officer ("NEO") compensation was approved.”
Shareholder Votes
SCHWAB CHARLES CORP shareholders approved Ratification of the Selection of Deloitte as Independent Auditors at the 2026-05-21 meeting.
“The proposal to ratify the selection of Deloitte & Touche LLP ("Deloitte") as CSC’s independent auditors for the 2026 fiscal year was approved.”
Shareholder Votes
SCHWAB CHARLES CORP shareholders approved Election of Directors at the 2026-05-21 meeting.
“All nominees for director were elected, and each nominee received more "for" votes than "against" votes cast for the nominee’s election.”
Equity Issuances
SCHWAB CHARLES CORP issued preferred stock.
“CSC filed a Certificate of Designations (the “Certificate of Designations”) with the Secretary of State of the State of Delaware, establishing the voting rights, powers, preferences and privileges, and the relative, participating, optional or other rights, and the qualifications, limitations or restrictions thereof, of the Series L Preferred Stock on April 22, 2026.”
Governance Changes
SCHWAB CHARLES CORP: Filed Certificate of Designations establishing Series L Preferred Stock (effective 2026-04-22).
“the Certificate of Designations became effective upon filing with the Secretary of State of the State of Delaware”
Earnings Releases
SCHWAB CHARLES CORP reported the quarter ended March 31, 2026 results: revenue $6,482 million, net income $2,479 million, EPS $1.37.
“GROWTH & ENGAGEMENT DRIVE RECORD SCHWAB 1Q RESULTS March Core Net New Assets Equal $79.7 Billion, Second Highest Month Ever Robust Engagement Drove 1Q Net Revenues to a Record $6.5 Billion, Up 16% Year-Over-Year Record GAAP Earnings Per Share of $1.37; $1.43 Adjusted (1) – up 38% versus 1Q25 WESTLAKE, Texas, April 16, 2026 – The Charles Schwab Corporation reported”
Governance Changes
SCHWAB CHARLES CORP: Eliminated all matters set forth in the Certificate of Designations for Series G Preferred Stock from the Fifth Restated Certificate of Incorporation (effective 2025-06-02).
“On June 2, 2025, The Charles Schwab Corporation (the “Company”) filed a Certificate of Elimination with the Secretary of State of the State of Delaware with respect to the Company’s 5.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G (Series G Preferred Stock), which, effective upon filing, eliminated from the Company’s Fifth Restated Certificate of Incorporation, as amended, all matters set forth in the Certificate of Designations for the Series G Preferred Stock.”
Todd M. Ricketts retired as Director at SCHWAB CHARLES CORP.
“On March 31, 2025, Todd M. Ricketts notified the Board of Directors (the “Board”) of The Charles Schwab Corporation of his intention to retire from the Board effective October 7, 2025.”
Bharat B. Masrani resigned as Director at SCHWAB CHARLES CORP.
“Pursuant to the terms of the TD stockholder agreement and the resignation letters, Mr. Levitt and Mr. Masrani resigned from the board of directors of the Company as of the effective date.”
Brian M. Levitt resigned as Director at SCHWAB CHARLES CORP.
“Pursuant to the terms of the TD stockholder agreement and the resignation letters, Mr. Levitt and Mr. Masrani resigned from the board of directors of the Company as of the effective date.”
Richard A. Wurster was appointed as Director at SCHWAB CHARLES CORP.
“Mr. Wurster was appointed as a member of the Board to fill such vacancy, effective as of the Transition Date, and will hold such office until the election of the class of directors whose term expires at the 2026 annual meeting of stockholders.”
Richard A. Wurster was appointed as Chief Executive Officer at SCHWAB CHARLES CORP.
“Also, on September 30, 2024, the Board appointed Richard A. Wurster to succeed Mr. Bettinger as CEO, effective as of January 1, 2025 (the “Transition Date”).”
Walter W. Bettinger II retired as Executive Co-Chairman of the Board at SCHWAB CHARLES CORP.
“Following the Transition Date, Mr. Bettinger will cease to serve as the CEO but will continue to serve, along with Charles R. Schwab, as the Executive Co-Chairman of the Board.”
Peter B. Crawford departed as Managing Director and Chief Financial Officer at SCHWAB CHARLES CORP.
“appointed Michael Verdeschi to succeed Peter B. Crawford as the Company’s Managing Director and Chief Financial Officer, effective as of October 1, 2024.”
Michael Verdeschi was appointed as Managing Director and Chief Financial Officer at SCHWAB CHARLES CORP.
“appointed Michael Verdeschi to succeed Peter B. Crawford as the Company’s Managing Director and Chief Financial Officer, effective as of October 1, 2024.”
Peter B. Crawford resigned as Chief Financial Officer at SCHWAB CHARLES CORP.
“Peter B. Crawford notified the Company of his intent to retire from his Managing Director and Chief Financial Officer position at the Company following a planned transition period with the effective date of his retirement to be determined in the future.”
Joseph R. Martinetto resigned as Chief Operating Officer at SCHWAB CHARLES CORP.
“Joseph R. Martinetto notified The Charles Schwab Corporation (the “Company”) of his resignation from his position as Managing Director and Chief Operating Officer of the Company, effective as of June 28, 2024.”
Earnings Releases
SCHWAB CHARLES CORP reported the quarter ended March 31, 2024 results: revenue $4.7 billion, net income $1.4 billion, or $.68 diluted earnings per common share, EPS $.68 diluted earnings per common share.
“The Charles Schwab Corporation reported first quarter 2024 net revenues of $4.7 billion, reflecting a quarter-over-quarter increase of 6%. Net income for the quarter totaled $1.4 billion, or $.68 diluted earnings per common share.”
Earnings Releases
SCHWAB CHARLES CORP reported the nine months ended September 30, 2023 results: net income $ 4.0 billion, EPS $ 2.03.
“Net income for the nine months ended September 30, 2023 was $ 4.0 billion, compared with $5.2 billion for the year-earlier period.”
Earnings Releases
SCHWAB CHARLES CORP reported quarter ended September 30, 2023 results: net income $1.1 billion, EPS $.56.
“The Charles Schwab Corporation announced today that its net income for the third quarter of 2023 was $1.1 billion compared with $2.0 billion for the third quarter of 2022.”
Earnings Releases
SCHWAB CHARLES CORP reported the six months ended June 30, 2023 results: revenue $ 9,772, net income $ 2,897, EPS $ 1.48.
“period. Three Months Ended June 30, % Six Months Ended June 30, % Financial Highlights (1) 2023 2022 Change 2023 2022 Change Net revenues (in millions) $ 4,656 $ 5,093 (9)% $ 9,772 $ 9,765 — Net income (in millions) GAAP $ 1,294 $ 1,793 (28)% $ 2,897 $ 3,195 (9)% Adjusted (1) $ 1,494 $ 1,981 (25)% $ 3,274 $ 3,572 (8)% Diluted earnings per common share GAAP $”
Earnings Releases
SCHWAB CHARLES CORP reported the quarter ended June 30, 2023 results: revenue $ 4,656, net income $ 1,294, EPS $ .64.
“for the year-earlier period. Three Months Ended June 30, % Six Months Ended June 30, % Financial Highlights (1) 2023 2022 Change 2023 2022 Change Net revenues (in millions) $ 4,656 $ 5,093 (9)% $ 9,772 $ 9,765 — Net income (in millions) GAAP $ 1,294 $ 1,793 (28)% $ 2,897 $ 3,195 (9)% Adjusted (1) $ 1,494 $ 1,981 (25)% $ 3,274 $ 3,572 (8)% Diluted earnings”
Material Agreements
SCHWAB CHARLES CORP entered into Second Amended and Restated Insured Deposit Account Agreement with TD USA Bank, N.A. and TD Bank, N.A. valued at Extends agreement to July 1, 2034, with automatic renewal; deposit balances floor of $60 billion and (effective 2023-05-04).
“On May 4, 2023, The Charles Schwab Corporation (“CSC”), its broker-dealer subsidiaries and Charles Schwab Trust Bank (collectively “Schwab”) executed a Second Amended and Restated Insured Deposit Account Agreement (the “2023 IDA”) with TD USA Bank, N.A., and TD Bank, N.A. (the “TD Depository Institutions”), which replaces and supersedes the Amended and Restated Insured Deposit Account Agreement dated November 24, 2019 (as amended) (the “2019 IDA” and together with the 2023 IDA, the “IDAs”).”
Earnings Releases
SCHWAB CHARLES CORP reported the quarter ended March 31, 2023 results: revenue $ 5,116, net income $ 1,603, EPS .83.
“was $1.6 billion, up 14% from $1.4 billion for the first quarter of 2022. Three Months Ended March 31, % Financial Highlights (1) 2023 2022 Change Net revenues (in millions) $ 5,116 $ 4,672 10% Net income (in millions) GAAP $ 1,603 $ 1,402 14% Adjusted (1) $ 1,780 $ 1,591 12% Diluted earnings per common share GAAP $ .83 $ .67 24% Adjusted (1) $ .93 $ .77 21%”
Governance Changes
SCHWAB CHARLES CORP: Board approved amendment and restatement of bylaws with changes including meeting flexibility, DGCL conforming updates, proxy rules, director requirements, and other clarifications (effective 2023-01-26).
“On January 26, 2023, the Board of Directors (the “Board”) of The Charles Schwab Corporation (“CSC”) approved the amendment and restatement of CSC’s Amended and Restated Bylaws (the “Bylaws”), effective immediately.”
Earnings Releases
SCHWAB CHARLES CORP reported the twelve months ended December 31, 2022 results: revenue $ 20,762, net income $ 7,183, EPS $ 3.50.
“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”
Earnings Releases
SCHWAB CHARLES CORP reported the quarter ended December 31, 2022 results: net income $1,968, EPS $.97.
“On January 18, 2023, The Charles Schwab Corporation issued a press release announcing its financial results for the quarter ended December 31, 2022.”
Governance Changes
SCHWAB CHARLES CORP: Eliminated Certificate of Designations for Series E Preferred Stock from the Fifth Restated Certificate of Incorporation (effective 2022-12-01).
“On December 1, 2022, The Charles Schwab Corporation (the Company) filed a Certificate of Elimination with the Secretary of State of the State of Delaware with respect to the Company’s 4.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (Series E Preferred Stock), which, effective upon filing, eliminated from the Company’s Fifth Restated Certificate of Incorporation, as amended, all matters set forth in the Certificate of Designations for the Series E Preferred Stock.”
Governance Changes
SCHWAB CHARLES CORP: Eliminated Certificate of Designations for Series A Preferred Stock from Fifth Restated Certificate of Incorporation (effective 2022-11-01).
“On November 1, 2022, The Charles Schwab Corporation (the Company) filed a Certificate of Elimination with the Secretary of State of the State of Delaware with respect to the Company’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (Series A Preferred Stock), which, effective upon filing, eliminated from the Company’s Fifth Restated Certificate of Incorporation, as amended, all matters set forth in the Certificate of Designations for the Series A Preferred Stock.”
Carolyn (Carrie) Schwab-Pomerantz was elected as Director at SCHWAB CHARLES CORP.
“On October 26, 2022, at a meeting of the Board of Directors (the “Board”) of The Charles Schwab Corporation (the “Company”), the Board approved an increase in the size of the Board from 17 to 18 directors and elected Carolyn (Carrie) Schwab-Pomerantz to fill the resulting vacancy, effective immediately.”
Richard A. Wurster was appointed as President at SCHWAB CHARLES CORP.
“On October 25, 2021, the Compensation Committee of the Board of Directors of The Charles Schwab Corporation (CSC) approved compensation for Richard A. Wurster in connection with his appointment as President, effective October 15, 2021.”
Richard A. Wurster was appointed as President at SCHWAB CHARLES CORP.
“On October 11, 2021, the Board of Directors of The Charles Schwab Corporation (CSC) appointed Richard A. Wurster, 48, as President of CSC, effective October 15, 2021.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.