| Schedule Of Operating Information, Segment |
Information on reportable segments and reconciliation to consolidated net income available to common shareholders for the three months ended March 31, 2026 and 2025 is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
|
2026 |
|
|
2025 |
|
Global Wealth Management |
|
|
|
|
|
|
Net revenues |
|
$ |
932,123 |
|
|
$ |
850,559 |
|
Compensation and benefits |
|
|
472,460 |
|
|
|
422,293 |
|
Non-compensation operating expenses |
|
|
128,948 |
|
|
|
301,861 |
|
Income before income taxes |
|
$ |
330,715 |
|
|
$ |
126,405 |
|
Institutional Group |
|
|
|
|
|
|
Net revenues |
|
|
495,258 |
|
|
|
384,929 |
|
Compensation and benefits |
|
|
295,870 |
|
|
|
252,585 |
|
Non-compensation operating expenses |
|
|
101,478 |
|
|
|
104,913 |
|
Income before income taxes |
|
$ |
97,910 |
|
|
$ |
27,431 |
|
Other |
|
|
|
|
|
|
Net revenues |
|
|
50,780 |
|
|
|
19,981 |
|
Compensation and benefits |
|
|
80,004 |
|
|
|
57,342 |
|
Non-compensation operating expenses |
|
|
73,329 |
|
|
|
53,111 |
|
Loss before income taxes |
|
$ |
(102,553 |
) |
|
$ |
(90,472 |
) |
Consolidated |
|
|
|
|
|
|
Net revenues (1) |
|
$ |
1,478,161 |
|
|
$ |
1,255,469 |
|
Compensation and benefits |
|
|
848,334 |
|
|
|
732,220 |
|
Non-compensation operating expenses |
|
|
303,755 |
|
|
|
459,885 |
|
Income from operations before income tax expense |
|
$ |
326,072 |
|
|
$ |
63,364 |
|
(1)No individual client accounted for more than 10 percent of total net revenues for the three months ended March 31, 2026 and 2025.
|
| Schedule Of Information Of Total Assets On Segment Basis |
The following table presents our company’s total assets on a segment basis at March 31, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
|
December 31,
2025 |
|
Global Wealth Management |
|
$ |
37,473,117 |
|
|
$ |
36,086,157 |
|
Institutional Group |
|
|
5,247,572 |
|
|
|
4,996,613 |
|
Other |
|
|
172,463 |
|
|
|
188,012 |
|
Total assets |
|
$ |
42,893,152 |
|
|
$ |
41,270,782 |
|
|
| Schedule Of Net Revenues Earned On Major Geographical Areas |
Net revenues, classified by the major geographic areas in which they were earned for the three months ended March 31, 2026 and 2025, were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
|
2026 |
|
|
2025 |
|
United States |
|
$ |
1,377,435 |
|
|
$ |
1,181,460 |
|
United Kingdom |
|
|
59,034 |
|
|
|
48,244 |
|
Canada |
|
|
23,349 |
|
|
|
16,479 |
|
Other |
|
|
18,343 |
|
|
|
9,286 |
|
Total net revenues |
|
$ |
1,478,161 |
|
|
$ |
1,255,469 |
|
|