Raymond James Financial(US:RJF)2025-01-29 23:41Financial Highlights - Net revenues reached a record of $3.537 billion, a 17% increase compared to 1Q24 and a 2% increase compared to 4Q24[4] - Net income available to common shareholders was $599 million, up 21% from 1Q24[4] - Diluted earnings per common share reached a record of $2.86, a 23% increase compared to 1Q24[4] - Adjusted net income available to common shareholders was $614 million, a 19% increase compared to 1Q24 and a 1% decrease compared to 4Q24[4] Key Metrics - Client assets under administration totaled $1,557.5 billion, a 14% increase compared to 1Q24 and a 1% decrease compared to 4Q24[5] - Private Client Group (PCG) assets under administration were $1,491.8 billion, a 14% increase compared to 1Q24 and a 1% decrease compared to 4Q24[5] - PCG assets in fee-based accounts reached a record of $876.6 billion, a 17% increase compared to 1Q24[5] - Bank loans, net, reached a record of $47.2 billion, a 7% increase compared to 1Q24 and a 3% increase compared to 4Q24[5] Segment Results - Private Client Group net revenues reached a record of $2.548 billion, a 14% increase compared to 1Q24 and a 3% increase compared to 4Q24[6] - Asset Management net revenues reached a record of $294 million, a 25% increase compared to 1Q24 and a 7% increase compared to 4Q24[6]