10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHWAB CHARLES CORP | |||
Ticker: SCHW Fiscal Year: 2016 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 23, 2017) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Net Revenues | |||
| Asset management and administration fees | $ 3,055 | 2,650 | 2,533 [1] |
| Interest revenue | 3,493 | 2,657 | 2,374 |
| Interest expense | (171) | (132) | (102) |
| Net interest revenue | 3,322 | 2,525 | 2,272 |
| Trading revenue | 825 | 866 | 907 |
| Other | 271 | 328 | 343 |
| Provision for loan losses | 5 | 11 | 4 |
| Net impairment losses on securities | (1) | ||
| Total net revenues | 7,478 | 6,380 | 6,058 |
| Expenses Excluding Interest | |||
| Compensation and benefits | 2,466 | 2,241 | 2,184 |
| Professional services | 506 | 459 | 457 |
| Occupancy and equipment | 398 | 353 | 324 |
| Advertising and market development | 265 | 249 | 245 |
| Communications | 237 | 233 | 223 |
| Depreciation and amortization | 234 | 224 | 199 |
| Other | 379 | 342 | 311 |
| Total expenses excluding interest | 4,485 | 4,101 | 3,943 |
| Income before taxes on income | 2,993 | 2,279 | 2,115 |
| Taxes on income | 1,104 | 832 | 794 |
| Net Income | 1,889 | 1,447 | 1,321 |
| Preferred stock dividends and other | 143 | 83 | 60 [2] |
| Net Income Available to Common Stockholders | 1,746 | 1,364 | 1,261 |
| Weighted-Average Common Shares Outstanding: | |||
| Basic | 1,324 | 1,315 | 1,303 |
| Diluted | 1,334 | 1,327 | 1,315 |
| Earnings Per Common Share: | |||
| Basic | 1.32 | 1.04 | 0.96 |
| Diluted | 1.31 | 1.03 | 0.95 |
| Dividends Declared Per Common Share | 0.27 | 0.24 | 0.24 |
| [1] Includes fee waivers of $224, $672, and $751 during the years ended December 31, 2016, 2015, and 2014, respectively,relating to Schwab-sponsored money market funds. | |||
| [2] Includes preferred stock dividends and undistributed earnings and dividends allocated to non-vested restricted stock units. | |||
| External Links | |
| SCHWAB CHARLES CORP (SCHW) Fiscal Year 2016 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |