E*TRADE Financial Corporation ETFC Income Statement

E*trade financial corporation (ETFC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenue:
Interest income
1,999	2,111	2,174	2,167	2,096	2,009	1,910	1,809	1,698	1,571	1,442	1,338	1,266	1,233	1,215	1,203	1,207	1,215	1,249	1,267	1,276	1,279	1,257	1,243	1,226	1,207	1,223	1,256	1,308	1,371	1,417	1,467	1,507	1,532	1,547	1,540	1,527	1,546	1,604	1,714	0	0	0
Interest expense
239	259	255	237	203	163	127	101	87	86	88	88	86	85	85	111	149	194	332	334	328	318	218	228	235	238	238	251	267	286	303	308	312	312	312	311	311	320	362	430	0	0	0
Net interest income
1,760	1,852	1,919	1,930	1,893	1,846	1,783	1,708	1,611	1,485	1,354	1,250	1,180	1,148	1,130	1,092	1,058	1,021	917	933	948	961	1,039	1,015	991	969	985	1,005	1,041	1,085	1,114	1,158	1,195	1,219	1,235	1,228	1,215	1,226	1,242	1,283	0	0	0
Gains on securities and other, net
-14	-23	-26	-25	54	53	47	36	28	28	31	39	42	42	43	-329	-329	-324	-324	42	39	39	42	46	60	61	111	178	182	201	171	116	122	120	129	151	169	166	166	193	0	0	0
Commissions
-	-	-	-	-	-	-	-	-	-	454	461	0	-	419	420	417	424	440	440	442	456	451	446	447	420	396	384	371	378	385	408	419	436	450	426	442	431	466	531	0	0	0
Fees and service charges
-	-	-	-	-	-	-	-	-	-	356	332	0	-	239	223	216	210	211	208	202	200	203	194	186	168	143	133	122	122	119	117	125	130	138	138	137	142	157	175	0	0	0
Principal transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	27	40	61	73	81	90	90	93	92	97	99	105	107	101	106	103	101	102	0	0	0
Other-than-temporary impairment (OTTI)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	4	6	8	20	17	16	16	9	18	18	31	41	40	238	0	0	0
Less: noncredit portion of OTTI recognized into (out of) other comprehensive income (loss) (before tax)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	7	9	12	3	-3	-1	-4	5	3	7	3	-3	7	-168	0	0	0
Net impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	8	10	14	17	13	14	12	14	21	25	35	37	47	69	0	0	0
Other revenue
49	48	46	47	46	45	45	43	43	43	43	43	42	41	40	40	39	39	38	38	39	38	37	36	35	35	36	36	37	38	38	39	39	39	39	39	41	46	47	50	0	0	0
Total non-interest income
1,078	1,034	1,023	965	1,027	1,027	992	946	910	881	884	875	842	793	741	354	343	349	365	728	722	743	760	761	787	754	759	813	789	815	792	765	794	816	843	832	862	851	892	983	0	0	0
Total net revenue
2,838	2,886	2,942	2,895	2,920	2,873	2,775	2,654	2,521	2,366	2,238	2,125	2,022	1,941	1,871	1,446	1,401	1,370	1,282	1,661	1,670	1,704	1,799	1,776	1,778	1,723	1,745	1,818	1,830	1,900	1,906	1,924	1,989	2,036	2,079	2,061	2,078	2,077	2,135	2,266	0	0	0
Provision (benefit) for credit losses
-33	-51	-44	-66	-77	-86	-100	-95	-175	-168	-160	-193	-129	-149	-154	-117	-79	-40	-7	28	37	36	43	70	104	143	200	304	326	355	403	360	396	440	511	564	627	779	932	1,185	0	0	0
Non-interest expense:
Compensation and benefits
674	670	651	641	633	621	607	589	562	546	535	519	511	501	486	486	479	466	461	446	427	412	398	378	365	363	350	357	356	353	361	346	341	333	326	321	321	325	341	356	0	0	0
Advertising and market development
198	196	191	195	194	200	195	188	183	166	154	143	131	131	135	131	133	124	121	119	120	120	115	115	105	108	109	114	128	139	146	147	148	145	147	145	138	132	112	112	0	0	0
Clearing and servicing
147	133	130	122	120	126	124	125	128	124	124	121	113	105	98	95	95	95	94	92	90	94	102	112	120	124	124	124	126	129	132	136	142	147	149	148	147	147	154	164	0	0	0
Professional services
106	105	101	97	96	96	98	100	99	99	98	99	97	97	96	94	98	103	110	113	115	112	105	101	92	85	84	81	82	86	85	84	86	89	90	86	84	81	76	81	0	0	0
Occupancy and equipment
139	135	133	128	126	124	121	120	119	116	111	107	102	98	95	92	90	88	84	85	82	79	79	74	73	73	71	73	74	74	73	70	69	68	68	69	69	70	73	75	0	0	0
Communications
113	99	97	101	100	116	120	119	127	121	112	105	89	87	93	95	94	90	80	73	72	71	69	68	69	69	70	72	71	73	72	72	70	67	66	67	68	73	76	80	0	0	0
Depreciation and amortization
90	88	87	89	91	92	92	87	84	82	79	79	79	79	80	81	81	81	79	77	77	78	81	84	87	89	90	91	91	91	90	90	89	89	89	90	89	87	86	85	0	0	0
FDIC insurance premiums
14	14	15	20	25	30	33	33	32	31	31	29	27	25	23	24	29	41	54	65	73	79	86	93	99	104	109	115	117	117	112	116	113	105	99	83	78	77	78	100	0	0	0
Amortization of other intangibles
61	61	60	56	53	48	43	40	37	36	35	31	27	23	20	20	20	20	21	21	22	22	22	23	23	24	24	24	24	25	25	25	25	26	26	27	27	28	28	29	0	0	0
Impairment of goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Restructuring and acquisition-related activities
39	23	6	6	0	-	0	0	-	15	19	40	37	35	37	14	15	17	10	10	9	8	11	15	24	28	27	23	15	8	5	3	3	7	15	18	14	14	6	8	0	0	0
Income before other income (expense) and income tax expense (benefit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	610	566	404	305	279	230	353	383	322	329	349	361	332	336	305	155	62	-120	0	0	0
Other income (expense):
Corporate interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	6	6	6	6	0	0	0	0
Corporate interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	114	114	113	114	130	146	163	180	180	180	179	177	175	172	169	167	193	237	0	0	0
Gains on sales of investments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2	2	2	1	-1	0	0	0
Gain (Loss) on Extinguishment of Debt
-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-112	-171	-132	-132	-71	-12	-12	-12	0	-50	0	0	-	0	-	-	-	0	0	-	-	0	-	-	0	0
Other non-interest expenses
107	94	86	77	72	77	77	80	83	76	72	73	69	71	72	73	85	82	82	79	68	70	78	77	71	66	60	61	60	67	76	139	150	154	155	102	104	103	102	107	0	0	0
Total non-interest expense
1,688	1,618	1,554	1,535	1,521	1,541	1,523	1,548	1,523	1,470	1,428	1,346	1,282	1,252	1,235	1,244	1,258	1,319	1,379	1,324	1,299	1,216	1,146	1,140	1,270	1,275	1,265	1,283	1,150	1,162	1,180	1,233	1,243	1,234	1,235	1,160	1,145	1,142	1,139	1,201	0	0	0
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	1	3	4	4	3	5	1	-0	0	-0	-1	-2	-3	-3	-0	-1	-1	0	0	0
Total other income (expense)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-124	-125	-122	-110	-410	-477	-493	-514	-231	-179	-177	-175	-173	-164	-163	-159	-1,192	-1,255	0	0	0
Income before income tax expense
1,183	1,319	1,432	1,426	1,476	1,418	1,352	1,201	1,173	1,064	970	972	869	838	790	319	222	91	5	376	371	452	486	441	282	195	-131	-247	-139	-131	91	150	172	185	159	172	141	-3	-1,129	-1,376	0	0	0
Income tax expense
337	364	379	362	381	366	441	428	457	450	358	368	325	286	276	97	-159	-177	-215	-83	135	159	176	170	134	109	27	-13	0	-18	23	-16	-1	28	20	95	77	25	-270	-365	0	0	0
Net Income (Loss) Attributable to Parent, Total
846	955	1,053	1,064	1,095	1,052	911	773	716	614	612	604	544	552	514	222	381	268	220	459	236	293	310	271	148	86	-158	-234	-140	-113	67	166	174	156	138	76	64	-28	-859	-1,010	0	0	0
Preferred stock dividends
40	40	40	44	44	36	36	24	24	25	25	13	13	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available to common stockholders
806	915	1,013	1,020	1,051	1,016	875	749	692	589	587	591	531	552	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic earnings per common share (in dollars per share)
0.73	0.78	1.08	0.90	1.10	1.06	1.01	0.95	0.88	0.49	0.49	0.70	0.48	0.46	0.51	0.48	0.54	0.30	-0.53	1.01	0.14	0.14	0.30	0.24	0.34	0.20	0.17	-0.19	0.12	-0.65	-0.10	0.14	0.22	-0.04	0.25	0.18	0.20	-0.09	0.04	0.17	-0.25	-6.74	-2.16
Diluted earnings per common share (in dollars per share)
0.72	0.78	1.08	0.90	1.09	1.05	1.00	0.95	0.88	0.48	0.49	0.70	0.48	0.46	0.51	0.48	0.53	0.31	-0.53	0.99	0.14	0.14	0.29	0.24	0.33	0.20	0.16	-0.19	0.12	-0.65	-0.10	0.14	0.22	-0.02	0.24	0.16	0.16	-0.03	0.03	0.12	-0.25	-6.74	-2.16
Weighted average common shares outstanding:
Basic (in thousands)
222	224	235	243	246	252	259	263	266	269	273	275	274	274	274	277	285	292	290	290	289	289	288	288	288	287	287	286	286	286	285	285	285	285	283	269	230	220	220	211	192	126	66
Diluted (in thousands)
222	224	236	243	246	253	260	264	267	270	274	276	276	276	275	277	286	299	290	294	294	294	294	293	293	299	292	286	291	277	285	290	290	290	289	289	289	74	289	289	192	126	66
Commissions [Member]
Revenue
370	421	488	483	483	498	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fees and service charges [Member]
Revenue
673	588	515	460	444	431	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-