AI English summary of an SEC filing — figures as filed

Charles Schwab said net revenues for Q4 2024 totaled $5,329 million, up 20% from $4,459 million in the prior-year quarter, and GAAP net income rose 76% to $1,840 million, or $.94 in diluted earnings per share.

8-KResults of Operations and Financial ConditionFiled Jan 21, 2025Period of report Jan 21, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Charles Schwab said net revenues for Q4 2024 totaled $5,329 million, up 20% from $4,459 million in the prior-year quarter, and GAAP net income rose 76% to $1,840 million, or $.94 in diluted earnings per share.
The company said adjusted net income, excluding $177 million in pre-tax transaction-related and restructuring costs for Q4, equaled $2.0 billion, with adjusted diluted earnings per share of $1.01, up 49% versus 4Q23.
Charles Schwab said core net new assets for Q4 totaled $114.8 billion, bringing the full-year total to $366.9 billion, up 20% from 2023, and total client assets increased 19% year-over-year to $10.10 trillion.
The company said Bank Supplemental Funding declined $14.9 billion sequentially to $49.9 billion in Q4, and net interest margin expanded 25 basis points sequentially to 2.33%.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Q4 Net Revenues and Net Income Growth

Charles Schwab said net revenues for Q4 2024 totaled $5,329 million, up 20% from $4,459 million in the prior-year quarter, and GAAP net income rose 76% to $1,840 million, or $.94 in diluted earnings per share.

Source · Based on the filing body and exhibits

Adjusted Net Income and One-Time Costs Excluded

The company said adjusted net income, excluding $177 million in pre-tax transaction-related and restructuring costs for Q4, equaled $2.0 billion, with adjusted diluted earnings per share of $1.01, up 49% versus 4Q23.

Source · Based on the filing body and exhibits

Client Assets and Core Net New Assets

Charles Schwab said core net new assets for Q4 totaled $114.8 billion, bringing the full-year total to $366.9 billion, up 20% from 2023, and total client assets increased 19% year-over-year to $10.10 trillion.

Source · Based on the filing body and exhibits

Bank Supplemental Funding Decline and Net Interest Margin

The company said Bank Supplemental Funding declined $14.9 billion sequentially to $49.9 billion in Q4, and net interest margin expanded 25 basis points sequentially to 2.33%.

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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