E*TRADE Financial (ETFC) Tops Q4 EPS by 1c

E*TRADE Financial (NASDAQ: ETFC) reported Q4 EPS of $0.84, ex-items, $0.01 better than the analyst estimate of $0.83. Revenue for the quarter came in at $679 million versus the consensus estimate of $672.51 million.

• Net income and net income available to common shareholders of $172 million
• Diluted earnings per common share of $0.76, which includes net losses of $18 million, or $0.08 per diluted share, related to restructuring costs, the benefit to provision for loan losses, and other items(1)
• Total net revenue of $679 million
• Average interest-earning assets of $55.2 billion; net interest margin of 301 basis points
• Daily Average Revenue Trades (DARTs) of 331,000 and derivative DARTs of 111,000, both Company records(2)
• Average and end-of-period margin receivables of $9.7 billion
• Net new accounts of 52,000
• Net new retail and advisor services assets of $5.7 billion
• Capital return to shareholders(3) of $208 million, including share repurchases of $176 million and dividends of $32 million

“This was another year marked by solid results, remarkable customer engagement, and significant achievements amid a dynamic and evolving operating environment,” said Mike Pizzi, Chief Executive Officer. “We enhanced our award-winning retail platform and #1-rated Corporate Services solution, expanded our Advisor Services offering, and generated our best year ever for customer trading, growth in customer cash, and stock plan implementations. We balanced robust underlying growth with our strongest year ever of capital return to shareholders. As we turn our focus to 2020 and a transformed industry landscape, we will continue to stand out from the crowd through the quality of our digital and customer service experience—areas where E*TRADE truly shines. We will continue to be unyielding in our commitment to delivering for our customers and shareholders, as we solidify E*TRADE as the premiere destination and platform of choice for the digitally inclined investor and trader.”

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

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