v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Revenues $ 233,380 $ 208,576
Expenses    
Employee compensation and benefits 70,195 61,916
Depreciation and amortization 19,210 18,236
Technology and communications 20,360 18,048
Professional and consulting fees 6,376 6,410
Occupancy 3,819 3,622
Marketing and advertising 2,334 2,061
Clearing costs 4,426 4,185
General and administrative 5,739 5,716
Total expenses 132,459 120,194
Operating income 100,921 88,382
Other income (expense)    
Interest income 4,308 7,169
Interest expense (2,888) (213)
Equity in earnings of unconsolidated affiliate 0 289
Other, net 1,544 527
Total other income (expense) 2,964 7,772
Income before income taxes 103,885 96,154
Provision for income taxes 25,778 81,089
Net income 78,107 15,065
Less: income attributable to redeemable noncontrolling interest (225) 0
Net income available for common stockholders $ 77,882 $ 15,065
Net income per common share    
Basic $ 2.21 $ 0.4
Diluted 2.2 0.4
Cash dividends declared per common share $ 0.78 $ 0.76
Weighted average shares outstanding    
Basic 35,301 37,388
Diluted 35,386 37,456
Commissions [Member]    
Revenues    
Revenues $ 203,471 $ 181,343
Information Services [Member]    
Revenues    
Revenues 14,445 12,904
Post-trade Services [Member]    
Revenues    
Revenues 11,607 11,088
Technology Services [Member]    
Revenues    
Revenues $ 3,857 $ 3,241