Interactive Brokers Q3 diluted EPS rises to $1.56 from $0.97 on higher revenue
Interactive Brokers Group reported third-quarter 2023 results for the period ended September 30, 2023. GAAP diluted EPS was $1.56, up from $0.97 a year earlier, and GAAP net revenues were $1,145 million, up from $790 million, with the increase driven mainly by higher net interest income. The company also declared a quarterly cash dividend of $0.10 per share.
- Adjusted diluted EPS was $1.55, compared with $1.08 in the year-ago quarter
- Net interest income rose 55% to $733 million on higher benchmark interest rates and customer credit balances
- Income before income taxes was $840 million, compared with $523 million a year earlier
- Quarterly cash dividend of $0.10 per share is payable December 14, 2023, to holders of record as of December 1, 2023