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(in thousands, except per share data)
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Click here for a printable version of this page |
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2011 |
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First
Quarter |
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Revenues: |
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Brokerage commissions and fees |
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$ |
27,123 |
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Interest income |
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3,576 |
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Brokerage interest expense |
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- |
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Net interest income |
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3,576 |
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Subscription fees and other |
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1,498 |
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| Gains (losses) on marketable securities, net |
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(51) |
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Net revenues |
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32,146 |
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Expenses: |
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Employee compensation and benefits |
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11,694 |
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Clearing and execution |
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7,258 |
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Data centers and communications |
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3,828 |
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Marketing |
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2,392 |
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Professional services |
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751 |
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Occupancy and equipment |
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802 |
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Depreciation and amortization |
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1,918 |
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Other |
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1,702 |
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Total expenses |
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30,345 |
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Income before income taxes |
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1,801 |
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Income tax provision(benefit) |
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805 |
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Net income |
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$ |
996 |
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Earnings per share: |
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Basic |
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$ |
0.03 |
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Diluted |
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$ |
0.03 |
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Weighted average shares outstanding: |
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Basic |
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39,120 |
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Diluted |
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39,536 |
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2010 |
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First
Quarter |
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Second
Quarter |
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Third
Quarter |
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Fourth
Quarter |
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Year to
Date |
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Revenues: |
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Brokerage commissions and fees |
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$ |
26,948 |
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$ |
30,456 |
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$ |
26,031 |
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$ |
24,883 |
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$ |
108,318 |
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Interest income |
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2,293 |
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2,623 |
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2,757 |
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2,756 |
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10,429 |
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Brokerage interest expense |
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- |
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- |
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- |
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- |
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- |
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Net interest income |
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2,293 |
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2,623 |
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2,757 |
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2,756 |
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10,429 |
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Subscription fees and other |
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1,628 |
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1,608 |
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1,517 |
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1,623 |
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6,376 |
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| Gains (losses) on marketable securities, net |
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1,221 |
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3,682 |
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(728) |
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(326) |
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3,849 |
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Net revenues |
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32,090 |
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38,369 |
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29,577 |
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28,936 |
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128,972 |
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Expenses: |
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Employee compensation and benefits |
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11,194 |
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11,461 |
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11,400 |
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10,528 |
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44,583 |
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Clearing and execution |
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7,184 |
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8,317 |
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6,952 |
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6,263 |
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28,716 |
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Data centers and communications |
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3,502 |
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3,940 |
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3,403 |
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3,366 |
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14,211 |
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Marketing |
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1,532 |
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1,747 |
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1,791 |
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1,768 |
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6,838 |
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Professional services |
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697 |
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739 |
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1,109 |
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1,095 |
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3,640 |
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Occupancy and equipment |
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752 |
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|
807 |
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805 |
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|
824 |
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3,188 |
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Depreciation and amortization |
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|
950 |
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1,063 |
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1,317 |
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1,981 |
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5,311 |
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Other |
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1,794 |
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1,951 |
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2,474 |
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2,473 |
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8,692 |
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Total expenses |
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27,605 |
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30,025 |
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29,251 |
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28,298 |
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115,179 |
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Income before income taxes |
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4,485 |
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8,344 |
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|
326 |
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|
638 |
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13,793 |
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Income tax provision(benefit) |
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1,811 |
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3,404 |
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(2,730) |
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(132) |
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2,353 |
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Net income |
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$ |
2,674 |
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$ |
4,940 |
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$ |
3,056 |
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$ |
770 |
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$ |
11,440 |
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Earnings per share: |
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Basic |
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$ |
0.07 |
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$ |
0.12 |
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$ |
0.08 |
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$ |
0.02 |
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$ |
0.29 |
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Diluted |
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$ |
0.07 |
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$ |
0.12 |
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$ |
0.08 |
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$ |
0.02 |
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$ |
0.28 |
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Weighted average shares outstanding: |
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Basic |
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40,502 |
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40,044 |
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39,624 |
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39,105 |
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39,815 |
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Diluted |
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40,940 |
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40,508 |
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39,996 |
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39,523 |
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40,237 |
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