This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Interactive Brokers Group Announces 2Q2013 Results

Interactive Brokers Group, Inc. (NASDAQ GS: IBKR) an automated global electronic broker and market maker, today reported diluted earnings per share on a comprehensive basis of $0.14 for the quarter ended June 30, 2013, compared to diluted earnings per share on a comprehensive basis of $0.09 for the same period in 2012.

On a non-comprehensive basis, which excludes the effect of changes in the U.S. dollar value of the Company’s non-U.S. subsidiaries, the Company reported diluted earnings per share on net income of $0.21 for the quarter ended June 30, 2013, compared to diluted earnings per share of $0.17 for the same period in 2012.

Net revenues were $284 million and income before income taxes was $134 million for this quarter, compared to net revenues of $261 million and income before income taxes of $109 million for the same period in 2012.

The Interactive Brokers Group, Inc. Board of Directors declared a quarterly cash dividend of $0.10 per share. This dividend is payable on September 13, 2013 to shareholders of record as of August 30, 2013.

Business Highlights

  • 47% pretax profit margin for this quarter.
  • 58% Electronic Brokerage pretax profit margin for this quarter.
  • Customer equity grew 31% from the year-ago quarter to $37.4 billion and customer debits increased by 32%, to $11.2 billion.
  • Customer accounts grew 12% from the year-ago quarter to 224 thousand.
  • Cleared DARTs increased 16% from the year-ago quarter to 463 thousand.
  • Brokerage segment equity surpassed $2.3 billion. Total equity was $4.9 billion.

Segment Overview

Electronic Brokerage

Electronic Brokerage segment income before income taxes increased 37%, to $123 million, in the quarter ended June 30, 2013 compared to the same period last year. Commissions and execution fees increased 28% from the year-ago quarter, reflecting growth in customer accounts and higher average trading activity per customer. Net interest income grew 27% from the year-ago quarter, to $58 million in this quarter. Pretax profit margin was 58% for this quarter, up from 53% in the same period last year.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs