Interactive brokers announced 1Q2015 Results 

Interactive brokers, with a press release on April 21, announced Group results for the Quarter ended March 31.

Comprehensive Earnings Per Share of ($0.24)
Loss Before Taxes of $111 Million on $172 Million in Net Revenues and Earnings Per Share on Net Loss of ($0.22)
Declares Quarterly Dividend of $0.10 Per Share

The company reported diluted earnings per share on a comprehensive basis of ($0.24) for the quarter ended March 31, 2015, compared to diluted earnings per share on a comprehensive basis of $0.35 for the same period in 2014.

Excluding other comprehensive income, the Company reported diluted earnings per share of ($0.22) for the quarter ended March 31, 2015, compared to diluted earnings per share of $0.34 for the same period in 2014.

The results for the first quarter of 2015 were negatively impacted by a $121 million net loss due to the sudden move in the value of the Swiss franc, causing several of our customers who held currency futures and spot positions to suffer losses in excess of their deposits with us; and a $197 million loss on our currency diversification strategy due to the strengthening of the U.S. dollar against other major currencies.

Net revenues were $172 million and the loss before income taxes was $111 million this quarter, compared to net revenues of $355 million and income before income taxes of $218 million for the same period in 2014.

The Interactive Brokers Group, Inc. Board of Directors declared a quarterly cash dividend of $0.10 per share.

This dividend is payable on June 12, 2015 to shareholders of record as of June 1, 2015.

Business Highlights

• 18% Electronic Brokerage pretax profit margin for this quarter, or 63% excluding the negative impact of the sudden move in the value of the Swiss franc.
• 40% Market Making pretax profit margin for this quarter, down from 59% in the year-ago quarter.
• Customer equity grew 25% from the year-ago quarter to $61.2 billion and customer debits increased by 20% to $17.3 billion.
• Customer accounts increased 17% from the year-ago quarter to 296 thousand.
• Total DARTs increased 11% from year-ago quarter to 648 thousand.
• Brokerage segment equity was $3.1 billion. Total equity was $5.0 billion.

Read here the full release Interactive Brokers Q1 15 earnings_release

Source: Interactive Brokers

 

 

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