LPL Financial(US:LPLA) Globenewswireยท2025-10-30 20:05Key Financial Results - The company reported a net loss of $30 million, translating to a diluted loss per share of $0.37, compared to a net income of $255 million or $3.39 per share in Q3 2024 [5][8] - Adjusted EPS increased by 25% year-over-year to $5.20 [5] - Gross profit rose by 31% year-over-year to $1,479 million [5] - Core G&A expenses increased by 33% year-over-year to $477 million [5] - Adjusted pre-tax income increased by 35% year-over-year to $569 million [5] - Total advisory and brokerage assets increased by 45% year-over-year to $2.3 trillion [5] Key Business Results - Total net new assets were $308 billion, including $275 billion from the acquisition of Commonwealth [5] - Organic net new assets were $33 billion, representing a 7% annualized growth [5] - Recruited assets were $33 billion, up 27% from a year ago [5] - Client cash balances increased to $56 billion, up $10 billion year-over-year [5] Key Capital and Liquidity Measures - The company onboarded First Horizon with $18 billion of brokerage and advisory assets, of which $17 billion transitioned onto the platform in Q3 [3] - Corporate cash stood at $568 million, with a leverage ratio of 2.04x [5] - The company declared a dividend of $0.30 per share to be paid on December 1, 2025 [10] M&A - The acquisition of Commonwealth was closed, with an expected conversion completion in Q4 2026 [6] - The estimated run-rate EBITDA for Commonwealth increased from $415 million to $425 million [6] - The company is tracking towards a 90% retention target for Commonwealth advisors, with nearly 80% of assets signed to date [6]