Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just published its key operating metrics for March 2023.
Interactive Brokers registered 2.055 million Daily Average Revenue Trades (DARTs) in March 2023, 16% lower than in March 2022 and 3% lower than in February 2023.
Ending client equity was $343.1 billion, 4% lower than prior year and 3% higher than prior month, whereas ending client margin loan balances were $39.4 billion, 18% lower than prior year and 1% higher than prior month.
The broker reported 2.20 million client accounts, 21% higher than prior year and 2% higher than prior month.
The average commission per cleared Commissionable Order was $3.21 including exchange, clearing and regulatory fees.
Speaking of Interactive Brokers’ performance, let’s note that, reported diluted earnings per share for the fourth quarter of 2022 were $1.31 and $1.30 as adjusted. Reported net revenues were $976 million for the fourth quarter of 2022 and $958 million as adjusted.
Net interest income increased 92% to $565 million on higher benchmark interest rates and customer credit balances, despite a decline in margin lending balances.
