AI English summary of an SEC filing — figures as filed

The company said net revenues for Q1 2024 were $4,740 million, net income was $1,362 million, and diluted earnings per share were $.68. Compared with Q1 2023, net revenues fell 7% and net income fell 15%.

8-KResults of Operations and Financial ConditionFiled Apr 15, 2024Period of report Apr 15, 2024Summary published (UTC) Oct 21, 2026

Key points

AI summary

The company said net revenues for Q1 2024 were $4,740 million, net income was $1,362 million, and diluted earnings per share were $.68. Compared with Q1 2023, net revenues fell 7% and net income fell 15%.
Schwab reported a GAAP pre-tax margin of 37.9% and an adjusted pre-tax margin of 40.9% for Q1 2024. Adjusted net income was $1,469 million and adjusted diluted earnings per share were $.74. Adjusted net income for Q1 2023 was $1,780 million.
The company said its net interest margin for Q1 2024 expanded 13 basis points from the prior quarter to 2.02%. Its preliminary Tier 1 Leverage ratio was 8.8%, and its Adjusted Tier 1 Leverage ratio was 5.3%.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

Q1 2024 Net Revenues, Net Income and EPS

The company said net revenues for Q1 2024 were $4,740 million, net income was $1,362 million, and diluted earnings per share were $.68. Compared with Q1 2023, net revenues fell 7% and net income fell 15%.

Source · Based on the filing body and exhibits

Adjusted Net Income and Pre-Tax Margins (GAAP vs. Adjusted)

Schwab reported a GAAP pre-tax margin of 37.9% and an adjusted pre-tax margin of 40.9% for Q1 2024. Adjusted net income was $1,469 million and adjusted diluted earnings per share were $.74. Adjusted net income for Q1 2023 was $1,780 million.

Source · Based on the filing body and exhibits

Net Interest Margin and Capital Ratios

The company said its net interest margin for Q1 2024 expanded 13 basis points from the prior quarter to 2.02%. Its preliminary Tier 1 Leverage ratio was 8.8%, and its Adjusted Tier 1 Leverage ratio was 5.3%.

Source · Based on the filing body and exhibits

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.

View the original filing on SEC EDGAR ↗

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