SCHWAB CHARLES CORP SCHW Income Statement

Schwab charles corp (SCHW)

Income statement / Quarterly

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	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Net Revenues
Interest revenue
1,708	1,763	1,892	1,927	1,998	1,914	1,755	1,590	1,421	1,266	1,176	1,127	1,055	952	891	840	810	726	669	645	617	607	600	588	579	558	531	499	497	467	478	497	472	436	487	496	481	462	442	428	391	365	356	361	346	497	478
Interest expense
136	168	261	318	317	288	228	183	158	119	94	74	55	45	46	42	38	36	34	33	29	23	27	26	26	26	25	26	28	34	39	39	38	41	44	45	45	48	55	45	51	22	62	59	40	50	51
Net interest revenue
1,572	1,595	1,631	1,609	1,681	1,626	1,527	1,407	1,263	1,147	1,082	1,053	1,000	907	845	798	772	690	635	612	588	584	573	562	553	532	506	473	469	433	439	458	434	395	443	451	436	414	387	383	340	343	294	302	306	447	427
Other (1)
30	112	83	112	70	82	67	85	83	78	71	75	66	67	76	70	63	120	66	79	63	90	120	65	68	64	57	59	56	47	42	121	46	41	45	35	39	36	32	36	31	43	36	38	58	0	33
Provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5	-2	2	0	-5	-2	-4	3	-1	-7	1	-2	-4	-1	6	-	10	4	-	5	8	1	4	9	3	1	14	-	-	-	-	-	-
Net impairment losses on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-	-	2	1	3	4	4	3	7	18	9	13	2	7	17	3	8	8	22	11	13	14	44	0
Noncredit portion of loss recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Total net revenues
2,617	2,606	2,711	2,681	2,723	2,669	2,579	2,486	2,398	2,242	2,165	2,130	2,081	1,972	1,914	1,828	1,764	1,691	1,597	1,566	1,526	1,551	1,551	1,478	1,478	1,435	1,373	1,337	1,290	1,215	1,196	1,283	1,189	1,113	1,181	1,190	1,207	1,127	1,063	1,080	978	986	1,011	1,085	1,111	1,251	1,308
Expenses Excluding Interest
Compensation and benefits
897	806	857	807	850	805	737	745	770	711	662	663	701	629	609	602	626	572	548	540	581	543	593	520	528	515	482	494	536	450	442	446	465	442	423	430	437	397	381	393	402	371	371	377	425	390	438
Professional services
182	186	168	178	170	178	164	156	156	151	152	144	133	134	131	125	116	119	114	112	114	122	117	112	106	107	103	106	99	101	98	93	96	99	104	92	92	92	85	84	80	81	70	64	60	86	84
Occupancy and equipment
142	151	144	133	131	128	124	122	122	113	111	107	105	99	100	101	98	93	92	85	83	82	82	80	80	78	77	77	77	78	77	80	76	79	78	73	71	70	66	68	68	73	67	97	81	75	72
Advertising and market development
67	90	71	77	69	93	70	77	73	63	63	71	71	61	64	70	70	60	58	62	69	58	59	65	63	59	57	67	74	68	49	57	67	69	48	51	60	57	34	43	62	50	34	49	58	47	58
Communications
75	66	63	62	62	63	59	58	62	60	56	58	57	58	57	62	60	58	58	59	58	55	55	57	56	55	55	56	54	54	53	55	58	54	56	54	56	53	49	53	52	51	48	54	53	51	52
Depreciation and amortization
96	94	88	84	83	80	78	75	73	69	69	66	65	61	60	57	56	58	57	55	54	54	49	48	48	49	51	51	51	50	50	48	48	48	39	33	35	38	35	36	37	38	38	41	42	38	37
Regulatory fees and assessments
34	30	30	30	32	31	57	50	51	46	43	46	44	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class action litigation and regulatory reserve
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7	-	-124	0	0	-196	-	-	-	-	-	-
Money market mutual fund charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	132	-	-	-	-	-	-	-	-
Other
77	71	54	74	62	81	71	72	89	76	64	66	62	-38	99	91	83	-21	87	86	83	83	78	75	75	74	84	74	68	70	66	72	66	70	73	64	62	67	82	65	68	56	63	68	37	65	53
Noninterest Expense
1,570	1,494	1,475	1,445	1,459	1,459	1,360	1,355	1,396	1,289	1,220	1,221	1,238	1,148	1,120	1,108	1,109	1,046	1,014	999	1,042	997	1,033	957	956	937	909	925	959	871	835	851	876	861	821	804	813	898	864	742	965	720	691	750	756	752	794
Income before taxes on income
1,047	1,112	1,236	1,236	1,264	1,210	1,219	1,131	1,002	953	945	909	843	824	794	720	655	645	583	567	484	554	518	521	522	498	464	412	331	344	361	432	313	252	360	386	394	229	199	338	13	266	320	335	355	499	514
Taxes on income
252	260	285	299	300	275	296	265	219	356	327	334	279	302	291	268	243	229	207	214	182	204	197	197	196	179	174	156	125	133	114	157	118	89	140	148	151	110	75	133	7	102	120	130	137	195	201
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	304	313
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-18
Net Income (Loss) Attributable to Parent
795	852	951	937	964	935	923	866	783	597	618	575	564	522	503	452	412	416	376	353	302	350	321	324	326	319	290	256	206	211	247	275	195	163	220	238	243	119	124	205	6	164	200	205	218	304	295
Preferred stock dividends and other
38	51	38	50	39	50	38	53	37	47	43	45	39	44	33	46	20	38	11	23	11	21	9	22	8	22	8	23	8	-	9	14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income Available to Common Stockholders
757	801	913	887	925	885	885	813	746	550	575	530	525	478	470	406	392	378	365	330	291	329	312	302	318	297	282	233	198	189	238	261	195	-	220	238	-	-	-	-	-	-	-	-	-	-	-
Weighted-Average Common Shares Outstanding:
Basic (shares)
1,287	1,283	1,300	1,328	1,333	1,344	1,351	1,350	1,347	1,343	1,339	1,338	1,336	1,329	1,324	1,322	1,321	1,318	1,316	1,314	1,312	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (shares)
1,294	1,291	1,308	1,337	1,344	1,354	1,364	1,364	1,362	1,357	1,353	1,351	1,351	1,339	1,334	1,333	1,330	1,331	1,328	1,326	1,323	1,320	1,316	1,313	1,311	1,306	1,296	1,288	1,282	1,278	1,275	1,274	1,273	1,270	1,229	1,210	1,207	1,199	1,194	1,195	1,188	1,161	1,163	1,160	1,156	1,158	1,154
Earnings Per Common Shares Outstanding:
Earnings Per Share - Basic
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.26	0.27
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.01
Basic (USD per share)
0.59	0.63	0.70	0.67	0.69	0.66	0.66	0.60	0.55	0.41	0.43	0.40	0.39	0.35	0.36	0.31	0.30	0.29	0.28	0.25	0.22	0.25	0.24	0.23	0.24	0.23	0.22	0.18	0.15	0.15	0.19	0.20	0.15	0.12	0.18	0.20	0.20	-	0.10	0.17	-	0.14	0.17	0.18	0.19	0.26	0.26
Earnings Per Share - Diluted
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.26	0.27
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.01
Diluted (USD per share)
0.58	0.62	0.70	0.66	0.69	0.65	0.65	0.60	0.55	0.41	0.42	0.39	0.39	0.37	0.35	0.30	0.29	0.28	0.28	0.25	0.22	0.24	0.24	0.23	0.24	0.23	0.22	0.18	0.15	0.15	0.19	0.20	0.15	0.12	0.18	0.20	0.20	-	0.10	0.17	-	0.14	0.17	0.18	0.19	0.26	0.26
Antidilutive stock options and restricted stock awards excluded from the calculation of diluted EPS (in shares)
19	35	17	16	16	40	11	10	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends Declared Per Common Share (USD per share)
-	-	-	-	-	-	-	-	-	-	0.08	0.08	0.08	-	0.07	0.07	0.06	0.06	0.06	0.06	0.06	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.06	0.05
Fee waivers
-	-	-	-	-	-	-	-	-	-	-	-	-	-	41	55	97	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset management and administration fees [Member]
Asset management and administration fees and Trading revenue
827	845	825	786	755	755	809	814	851	863	861	845	823	801	798	757	699	673	663	670	644	641	649	632	611	608	583	572	552	539	524	496	484	458	466	502	502	497	468	437	420	436	451	486	502	596	618
Trading revenue [Member]
Asset management and administration fees and Trading revenue
188	54	172	174	217	206	176	180	201	154	151	157	192	202	190	201	232	208	228	203	227	239	209	212	247	231	224	235	223	202	204	219	243	233	248	205	241	206	182	233	209	224	241	272	259	252	230