E*TRADE Financial (ETFC) Reports In-Line Q4 EPS

E*TRADE Financial (NASDAQ: ETFC) reported Q4 EPS of $0.30, in-line with the analyst estimate of $0.30. Revenue for the quarter came in at $454 million versus the consensus estimate of $454.18 million.

• Net income of $89 million, or $0.30 per diluted share
• Total net revenue of $454 million
• Allowance for loan losses of $353 million resulting in a benefit to provision for loan losses of $23 million
• Total operating expenses of $305 million, including a one-time charge to communications expense of $8 million and executive severance of $6 million
• Daily Average Revenue Trades (DARTs) of 147,000
• End of period margin receivables of $7.4 billion
• Net new brokerage accounts of 13,000 and an annualized attrition rate of 8.2 percent, excluding the impact of shutting down the Company’s global trading platform(1)
• Net new brokerage assets of $2.8 billion; end of period total customer assets of $288 billion
• Utilized $50 million to repurchase 1.7 million shares at an average price of $30.10

For earnings history and earnings-related data on E*TRADE Financial (ETFC) click here.

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