Summary by Moomoo AI
Interactive Brokers has revised its Q3 2024 financial results following agreements to settle certain historical disputes, adding $78 million to general and administrative expenses. The adjusted results show net income available for common stockholders at $184 million, with diluted EPS of $1.67. Total equity stands at $16.0 billion.The company's Q3 2024 performance shows total net revenues of $1.37 billion, up from $1.15 billion YoY, driven by strong commission revenue of $435 million and net interest income of $802 million. Non-interest expenses increased to $456 million, primarily due to the settlement impact on general and administrative costs.For the nine months ended September 30, 2024, Interactive Brokers reported comprehensive income of $549 million available for common stockholders, with total assets reaching $148.5 billion. The company maintains a strong market position with customer payables of $112.6 billion and a 25.8% ownership stake in IBG LLC.
