Charles Schwab Corporation (NYSE: SCHW) reported first-quarter net income of $2.5 billion, or $1.37 per share, according to a company statement. Excluding $143 million in pre-tax transaction-related costs, adjusted net income reached $2.6 billion, or $1.43 per share.

Net revenues for the quarter increased 16% year-over-year to $6.5 billion. The company added 1.3 million new brokerage accounts during the quarter, bringing total active brokerage accounts to 39.1 million and total client accounts to 47.2 million.

Core net new assets totaled $140.0 billion for the quarter, including a $17.5 billion outflow from a planned mutual fund clearing client deconversion. Excluding this item, core net new assets equaled $157.5 billion. Total client assets increased 19% year-over-year to $11.77 trillion.

Managed Investing Solutions net flows grew 46% compared to the first quarter of 2025. Bank loan balances reached $60.9 billion at March month-end, up 29% year-over-year. Margin loan balances increased 13% versus year-end 2025 to $126.7 billion.

Daily average trading volume reached 9.9 million, up 34% versus the first quarter of 2025. Asset management and administration fees grew 15% year-over-year to $1.8 billion.

The company repurchased 24.3 million shares for $2.4 billion during the quarter and increased its quarterly common stock dividend by 19% to $0.32 per share. Net interest margin for the quarter was 2.88%.

Client transactional sweep cash balances ended March at $461.5 billion, an increase of $7.8 billion versus the prior quarter-end. The company completed its acquisition of Forge Global in early March.