Interactive Brokers Q2 GAAP EPS rises to $1.20 from $0.72 a year earlier
Interactive Brokers reported second-quarter 2023 results that improved sharply from the year-ago quarter, with GAAP diluted earnings per share of $1.20 versus $0.72 and net revenues of $1.0 billion versus $656 million. The board also declared a quarterly cash dividend of $0.10 per share, payable September 14, 2023 to holders of record as of September 1, 2023.
- GAAP diluted EPS was $1.20 for Q2 2023 versus $0.72 a year earlier; adjusted diluted EPS was $1.32 versus $0.84.
- Net interest income rose to $694 million from $348 million, driven by higher benchmark interest rates and customer credit balances.
- General and administrative expenses increased to $85 million, largely due to reserves tied to regulatory investigations into electronic messaging and record-keeping.
- Quarterly cash dividend of $0.10 per share is payable September 14, 2023.