AI English summary of an SEC filing — figures as filed
Interactive Brokers IBKRThe company said net interest income for 2023 rose 68% from the prior year to $2,794 million. It said its net interest margin widened from 1.53% in the prior year to 2.36%, and that the average federal funds effective rate rose from 1.68% to 5.03%.
Key points
AI summaryThe company said net interest income for 2023 rose 68% from the prior year to $2,794 million. It said its net interest margin widened from 1.53% in the prior year to 2.36%, and that the average federal funds effective rate rose from 1.68% to 5.03%.
Interactive Brokers said net revenues for 2023 were $4,340 million and income before income taxes was $3,069 million, compared with net revenues of $3,067 million and income before income taxes of $1,998 million in the prior year. Its pretax profit margin was 71%, compared with 65% in the prior year.
The company said diluted earnings per share for 2023 were $5.67, compared with $3.75 in the prior year, and adjusted diluted earnings per share were $5.75, compared with $4.05 in the prior year.
Interactive Brokers said it raised a net $4,544 million from operating activities in 2023, and that cash, cash equivalents and restricted cash increased by $3,990 million to $32.6 billion. The company explained that operating cash flow was mainly due to an increase in customer credit balances of $7.8 billion.
Key figures
Fiscal year ended December 31, 2023
- Revenue
- $4.3B
- Net income
- $2.8B
- EPS
- $5.67
- Operating cash flow
- $4.5B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Net Interest Income Up 68% and Net Interest Margin Widens
The company said net interest income for 2023 rose 68% from the prior year to $2,794 million. It said its net interest margin widened from 1.53% in the prior year to 2.36%, and that the average federal funds effective rate rose from 1.68% to 5.03%.
Source · Based on the MD&A text of the filing
Full-Year Pretax Income $3,069 million, Pretax Margin 71%
Interactive Brokers said net revenues for 2023 were $4,340 million and income before income taxes was $3,069 million, compared with net revenues of $3,067 million and income before income taxes of $1,998 million in the prior year. Its pretax profit margin was 71%, compared with 65% in the prior year.
Source · Based on the MD&A text of the filing
Diluted EPS $5.67, Adjusted Diluted EPS $5.75
The company said diluted earnings per share for 2023 were $5.67, compared with $3.75 in the prior year, and adjusted diluted earnings per share were $5.75, compared with $4.05 in the prior year.
Source · Based on the MD&A text of the filing
Operating Cash Flow $4,544 million and Cash Balance
Interactive Brokers said it raised a net $4,544 million from operating activities in 2023, and that cash, cash equivalents and restricted cash increased by $3,990 million to $32.6 billion. The company explained that operating cash flow was mainly due to an increase in customer credit balances of $7.8 billion.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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