Interactive Brokers Group saw a rise in pre-market trading following the announcement of improved first-quarter earnings. Adjusted earnings per share for the first three months of 2024 stood at $1.64, marking an increase from $1.35 in the same period last year. On an adjusted basis, net revenues reached $1.2 billion, up from $1.015 billion previously. This growth was supported by a 14% increase in net interest income and a 6% rise in commission revenue.
Despite mixed trading volumes across various securities, options trading volume surged by 24%, offsetting a 3% decline in futures and a 16% decrease in stock volumes. Notably, customer accounts witnessed a 25% increase, totaling 2.75 million, while customer equity grew by 36% to reach $465.9 billion. Customer credits also saw a 9% uptick, reaching $104.9 billion, alongside a 30% increase in customer margin loans, which totaled $51.2 billion.
