The Charles Schwab Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016
January 18, 2017 at 08:45 am EST
The Charles Schwab Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total net revenues of $1,972 million against $1,691 million a year ago. Income before taxes on income was $824 million against $645 million a year ago. Net income available to common stockholders was $478 million against $378 million a year ago. Diluted earnings per share were $0.36 against $0.28 a year ago. Return on average common stockholders’ equity was 14% against 13% a year ago. Capital expenditures - purchases of equipment, office facilities, and property, net were $86 million against $67 million a year ago.
For the year, the company reported total net revenues of $7,478 million against $6,380 million a year ago. Income before taxes on income was $2,993 million against $2,279 million a year ago. Net income available to common stockholders was $1,746 million against $1,364 million a year ago. Diluted earnings per share were $1.31 against $1.03 a year ago. Return on average common stockholders’ equity was 14% against 12% a year ago.