NEW YORK–(BUSINESS WIRE)–Oct 18, 2018–E*TRADE Cyberbanking Corporation (NASDAQ:ETFC):
COMPANY TO INITIATE QUARTERLY DIVIDEND ON COMMON STOCK
ANNOUNCES NEW $1 BILLION SHARE REPURCHASE PROGRAM
Third Division Results
Net assets of $285 million; net assets accessible to accepted shareholders of $261 millionDiluted balance per accepted allotment of $1.00, which includes a net account of $30 million, or $0.12 per adulterated share, accompanying to the account to accouterment for accommodation lossesand added items( 1 )Total net acquirement of $720 million, a Company record(2)Operating allowance of 52 percent; adapted operating allowance of 48 percent, a Company record(2),(3)Average interest-earning assets of $60 billion; net absorption allowance of 310 abject pointsDaily Boilerplate Acquirement Trades (DARTs) of 266,000, including acquired DARTs of 86,000Customer allowance balances of $11.2 billion, a Company record(2)Net new allowance accounts of 67,000Net new allowance assets of $3.2 billionManaged articles of $6.2 billionRepurchased 5.3 actor shares, commutual the above-mentioned $1 billion allotment repurchase affairs at an boilerplate bulk of $51.38
E*TRADE Cyberbanking Corporation (NASDAQ:ETFC) today appear after-effects for its third division concluded September 30, 2018, advertisement net assets of $285 million, adulterated balance per accepted allotment of $1.00 and absolute net acquirement of $720 million. Operating allowance for the division was 52 percent and adapted operating allowance was 48 percent (3).
The Company appear that its Board of Directors declared a anniversary banknote allotment of $0.14 per allotment on the Company’s outstanding shares of accepted stock. The allotment is payable on November 15, 2018, to shareholders of almanac as of the aing of business on October 30, 2018.
The Company additionally appear that its Board of Directors accustomed the barrage of a new $1 billion allotment repurchase program.
“I am admiring to avenue the aftermost 24 months with such absolute trajectory,” said Karl Roessner, Chief Executive Officer. “The Company has fabricated aberrant advance — abiding to our roots as the acknowledged baton for digitally absorbed traders and investors, active able business momentum, and creating cogent bulk for our shareholders. I couldn’t be added appreciative of the aggregation whose focus and active efforts led to a broadened apartment of offerings, allusive advance in our applicant base, and the accession of a new RIA aegis platform. Today, we are additionally initiating a new $1 billion allotment repurchase affairs and a anniversary allotment — accomplishments which accentuate the adherence of our balance base, and our charge to acknowledgment balance basic to our shareholders. As we attending to the future, we intend to absolutely advantage our abounding accomplishments to advance our advance aisle and to abide to bear allusive abiding bulk for our shareholders.”
The Company will host a appointment alarm alpha at 5 p.m. ET today to altercate the anniversary results, as able-bodied as the Board of Directors’ appraisal of the abiding action for the firm. This appointment alarm will be accessible to calm participants by dialing 800-920-5564 while all-embracing participants should punch 1 415-226-5357. A alive audio webcast and epitomize of this appointment alarm will additionally be accessible at about.etrade.com area the Company has additionally acquaint an adapted broker presentation with added advice for this appointment call.
Historical metrics and financials can be begin on the E*TRADE Cyberbanking accumulated website at about.etrade.com.
About E*TRADE Financial
E*TRADE Cyberbanking and its subsidiaries accommodate cyberbanking casework including allowance and cyberbanking articles and casework to retail customers. Balance articles and casework are offered by E*TRADE Balance LLC (Member FINRA/SIPC). Commodity futures and options on futures articles and casework are offered by E*TRADE Futures LLC (Member NFA). Managed Account Solutions are offered through E*TRADE Basic Management, LLC, a Registered Investment Adviser. Bank articles and casework are offered by E*TRADE Bank, and RIA aegis solutions are offered by E*TRADE Accumulation Bank, both of which are civic federal accumulation banks (Members FDIC). More advice is accessible at www.etrade.com. ETFC-E
E*TRADE Financial, E*TRADE, the E*TRADE logo, and Trust Company of America are registered trademarks of E*TRADE Cyberbanking Corporation.
The statements independent in this columnist absolution that are advanced looking, including statements apropos the Company’s adeptness to abide to abound and bear bulk for its shareholders, the planned acquittal of its anniversary allotment in November 2018, the Company’s adeptness to accomplish basic and pay added assets in the future, and the Company’s planned repurchases of its accepted stock, are “forward-looking statements” aural the acceptation of the federal balance laws, and are accountable to a cardinal of uncertainties and risks. Actual after-effects may alter materially from those adumbrated in the advanced statements. The uncertainties and risks include, but are not bound to: risks accompanying to macro trends of the abridgement in general; bazaar animation and its appulse on trading volumes; fluctuations in absorption rates; the adeptness to allure and absorb barter and advance new articles and services; added competition; abeyant arrangement disruptions and aegis breaches; added restrictions consistent from cyberbanking authoritative ameliorate or changes in the behavior of our regulators, including with account to approval of any approaching allotment or allotment repurchase; adverse developments in action or authoritative matters; the timing and continuance of, and the bulk of shares repurchased and bulk of banknote expended in affiliation with, the allotment repurchase program; and the added factors set alternating in our annual, quarterly, and accepted letters on Form 10-K, Form 10-Q, and Form 8-K ahead filed with the Balance and Exchange Commission (including advice in these letters beneath the explanation “Risk Factors”). Any advanced account included in this absolution speaks alone as of the date of this communication; the Company disclaims any obligation to amend any information, except as appropriate by law.
© 2018 E*TRADE Cyberbanking Corporation. All rights reserved.
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