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Interactive Brokers Misses Q1 Earnings: Analyst Flags Weaker Securities Lending Revenue
IBKRIBG, Inc.(IBKR) Benzinga·2025-04-16 20:16

Core Viewpoint - Interactive Brokers Group, Inc. reported a quarterly earnings miss primarily due to a decline in net interest income, which was affected by weaker securities lending revenue [1][2]. Financial Performance - The company reported quarterly earnings of 1.88pershare,missingtheanalystconsensusestimateof1.88 per share, missing the analyst consensus estimate of 1.92 [1]. - Net interest income increased by 3% to 770million,drivenbyhigheraveragecustomermarginloansandcustomercreditbalances[2].AdjustmentsandDividends−Non−GAAPresultsexcludeda770 million, driven by higher average customer margin loans and customer credit balances [2]. Adjustments and Dividends - Non-GAAP results excluded a 5 million loss from the currency diversification strategy and a 3 million mark-to-market adjustment on investments [3]. - The quarterly dividend was raised from 25 cents to 32 cents, and a 4-for-1 forward stock split was declared, effective June 16, 2025 [3]. Analyst Ratings and Price Forecasts - Keefe, Bruyette & Woods analyst Kyle Voigt maintained a Market Perform rating with a price forecast of 181 [1]. - BofA Securities analyst Craig Siegenthaler maintained a Buy rating but lowered the price forecast from 265to265 to 243 [4]. - IBKR stock has gained over 45% in the past year [4]. Stock Performance - As of the latest check, IBKR shares were trading lower by 9.94% at $156.19 [5].