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Charles Schwab Q3 earnings rise 29% to $1.62 a share

Client assets reached $13.33 trillion, while Schwab opened 1.2 million brokerage accounts during the quarter.

Filing Impact
(High)
Filing Sentiment

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Form Type
8-K

Rhea-AI Filing Summary

The Charles Schwab Corporation (SCHW) reported third-quarter 2026 net revenue of $7.171 billion, up 17% year over year, and GAAP net income of $2.906 billion, up 23%. Diluted GAAP earnings were $1.62 per share, up 29%; adjusted earnings were $1.69 per share and adjusted net income was $3.021 billion, excluding $151 million of pre-tax transaction-related costs.

Core net new assets totaled $190.4 billion, which management described as a 5.8% annualized growth rate; Schwab opened 1.2 million brokerage accounts. Total client assets were $13.33 trillion, up 15% year over year, while margin loan balances reached $187.9 billion at quarter-end. Net interest margin was 3.04%, versus 2.88% in the prior-year quarter. Schwab repurchased 4.7 million common shares for $0.5 billion during the quarter. It announced Single Stock Futures on thinkorswim, plans to expand digital assets available at Schwab, introduced AI-powered assistant Charley, and partnered with Anthropic to bring Claude for Financial Advisors to independent RIAs.

3 points · 0 major

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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0 major · 0 points

How the balance works

Positive

  • Moderate pointRevenue rose 17% year over year to $7.171 billion.
  • Moderate pointGAAP net income increased 23% year over year to $2.906 billion.
  • Minor pointDiluted GAAP EPS increased 29% year over year to $1.62.

Negative

  • None.

Filing Explained

The earnings release’s September update reports client assets at month-end, lower than August, alongside net new assets and net market losses.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Net revenue $7.171 billion Third quarter 2026; up 17% year over year
GAAP net income $2.906 billion Third quarter 2026; up 23% year over year
Diluted GAAP EPS $1.62 per share Third quarter 2026; up 29% year over year
Adjusted diluted EPS $1.69 per share Third quarter 2026; up 29% year over year
Core net new assets $190.4 billion Third quarter 2026; 5.8% annualized growth rate
Total client assets $13.33 trillion At September 30, 2026; up 15% year over year
Common shares repurchased 4.7 million shares; $0.5 billion During the third quarter of 2026
Core net new assets financial
"Core net new assets totaled $190.4 billion"
Core net new assets measure the real, ongoing increase in a firm’s primary assets under management after subtracting money lost from existing clients, one-time transfers, and non-core items. Think of it like counting how much new water a business adds to its main bucket each month after accounting for leaks and temporary pours; it shows the firm’s organic growth. Investors watch this to judge whether growth is sustainable and driven by new customers rather than accounting or market swings.
Net interest margin financial
"Net interest margin expanded quarter-over-quarter to 3.04%"
Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.
Adjusted net income financial
"Adjusted net income (non-GAAP)"
Adjusted net income is a company's reported profit after removing unusual, one-time, or non-operational items so the number reflects the business’s regular earning power. Investors use it like a cleaned-up scorecard — similar to judging a player’s season performance without a few fluke games — to compare companies or assess trends without being misled by rare gains or losses that won’t affect future cash flow.
Adjusted Tier 1 Leverage Ratio regulatory
"Adjusted Tier 1 Leverage Ratio represents the Tier 1 Leverage Ratio"
Pledged Asset Line financial
"Pledged Asset Line balances grew to $37.3 billion"
Net revenue $7.171 billion up 17% year over year
GAAP net income $2.906 billion up 23% year over year
Diluted GAAP EPS $1.62 per share up 29% year over year
Adjusted diluted EPS $1.69 per share up 29% year over year

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were SCHW's Q3 2026 revenue and earnings?
SCHW reported net revenue of $7.171 billion, GAAP net income of $2.906 billion and diluted GAAP EPS of $1.62 for the quarter ended September 30, 2026. Year over year, those figures increased 17%, 23% and 29%, respectively.

How much core net new assets did SCHW report in Q3 2026?
Core net new assets totaled $190.4 billion, representing an annualized growth rate of 5.8% as described by management. Schwab also opened 1.2 million brokerage accounts during the quarter.

How much stock did SCHW repurchase in Q3 2026?
Schwab repurchased 4.7 million shares of its common stock for $0.5 billion during the quarter.

What was SCHW's net interest margin in Q3 2026?
Net interest margin was 3.04% for the third quarter of 2026, compared with 2.88% in the third quarter of 2025. The company also reported that the margin expanded quarter over quarter.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SCHWAB CHARLES CORPfalse000031670900003167092026-10-152026-10-150000316709us-gaap:CommonStockMember2026-10-152026-10-150000316709us-gaap:SeriesDPreferredStockMember2026-10-152026-10-150000316709schw:SeriesJPreferredStockMember2026-10-152026-10-15

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (date of earliest event reported): October 15, 2026

The Charles Schwab Corporation

(Exact name of registrant as specified in its charter)

Commission File Number:  1-9700
Delaware
94-3025021
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)

3000 Schwab Way, Westlake, TX 76262
(Address of principal executive offices, including zip code)

(817) 859-5000
(Registrant’s telephone number, including area code)

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock – $.01 par value per shareSCHWNew York Stock Exchange
Texas Stock Exchange
Depositary Shares, each representing a 1/40th ownership interest in a share of 5.95% Non-Cumulative Preferred Stock, Series DSCHW PrDNew York Stock Exchange
Depositary Shares, each representing a 1/40th ownership interest in a share of 4.450% Non-Cumulative Preferred Stock, Series JSCHW PrJNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 2.02Results of Operations and Financial Condition

On October 15, 2026, The Charles Schwab Corporation issued a press release announcing its financial results for the quarter ended September 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this report.

Item 9.01Financial Statements and Exhibits
(d)
Exhibits
Exhibit No.Description
99.1
Press Release dated October 15, 2026
104Cover Page Interactive Data File – the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.




Signature(s)


    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



THE CHARLES SCHWAB CORPORATION
Date:October 15, 2026By:
/s/ Michael Verdeschi
Michael Verdeschi
Managing Director and Chief Financial Officer






Exhibit 99.1
cslogoa03a.jpg
SCHWAB DELIVERS RECORD NET NEW ASSETS & EARNINGS
Record Quarterly Core Net New Assets of $190.4 Billion, Up 38% Year-Over-Year
3Q Net Revenues Reached a Record $7.2 Billion, Up 17% Year-Over-Year
Record GAAP Earnings Per Share of $1.62; $1.69 Adjusted (1) – Up 29% versus 3Q25

WESTLAKE, Texas, October 15, 2026 – The Charles Schwab Corporation reported net income for the third quarter totaling $2.9 billion, or earnings per share of $1.62. Excluding $151 million of pre-tax transaction-related costs, adjusted (1) net income and earnings per share equaled $3.0 billion and $1.69, respectively.

Client Driven
Growth
$190.4B
3Q26 Core
Net New Assets
“During the third quarter, clients opened 1.2 million new brokerage accounts and entrusted Schwab with $190.4 billion in core net new assets – an annualized growth rate of 5.8%. We are delivering new capabilities and solutions, while our leading value proposition continues to resonate with investors and RIAs.”
President & CEO Rick Wurster
Deepen Client Relationships
55%
3Q26 Schwab Wealth AdvisoryTM Net Flows Growth vs. 3Q25
“As investing plays an increasingly central role in people’s financial lives, clients continue to turn to Schwab for our broad set of wealth, trading, and banking capabilities. During the quarter, Pledged Asset LineTM balances
grew to $37.3 billion, up 59% year-over-year, while net flows into Schwab Wealth AdvisoryTM increased 55%.”
 President & CEO Rick Wurster
Diversified Revenue Growth
17%
3Q26 Revenue
Growth vs. 3Q25
“Deeper client engagement across Schwab's platform continues to broaden
and strengthen our revenue model, helping our third quarter revenue
increase 17% year-over-year to a record $7.2 billion.”
CFO Mike Verdeschi
Strong Earnings Momentum
 29%
3Q26 GAAP EPS
Growth vs. 3Q25
“Our diversified business model, continued focus on meeting clients’ evolving needs, and industry leading scale combined to drive year-over-year GAAP earnings growth of 29% to a record $1.62, or $1.69 on an adjusted (1) basis.”
CFO Mike Verdeschi

3Q26 Client and Business Highlights

•Total client assets increased 15% year-over-year to $13.33 trillion
•Core net new assets totaled $190.4 billion, up 38% versus 3Q25
•New brokerage account openings equaled 1.2 million, helping bring total client accounts to 48.6 million
•Managed Investing Solutions net flows grew 22% versus 3Q25
•Bank loan balances equaled $72.3 billion at September month-end, up 35% year-over-year
•Margin loan balances increased 14% quarter-over-quarter to $187.9 billion at quarter-end, including $60.7 billion related to long/short strategies (2)
•Daily average trading volume equaled 10.7 million – up 44% versus 3Q25
•Announced Single Stock Futures on the thinkorswim® trading platform and plans to expand digital assets available in Schwab CryptoTM
•Introduced Charley, a new AI-powered assistant that provides U.S. retail clients with conversational access to Schwab’s tools and insights
•Partnered with Anthropic to bring Claude for Financial Advisors directly to the independent RIAs Schwab serves
•Schwab was recognized as one of Fortune’s 2026 Most Innovative Companies (3)

- 1 -

Three Months Ended
September 30,		%Nine Months Ended
September 30,		%
Financial Highlights20262025Change20262025Change
Net revenues (in millions)$7,171 $6,135 17%$20,725 $17,585 18%
Net income (in millions)
GAAP$2,906 $2,358 23%$8,185 $6,393 28%
Adjusted$3,021 $2,456 23%$8,539 $6,686 28%
Diluted earnings per common share
GAAP$1.62 $1.26 29%$4.53 $3.33 36%
Adjusted$1.69 $1.31 29%$4.73 $3.49 36%
Pre-tax profit margin
GAAP52.7%49.2%51.3%47.1%
Adjusted54.8%51.3%53.5%49.3%
Return on average common
stockholders’ equity (annualized)25%21%24%20%
Return on tangible
common equity (annualized)44%38%42%37%
Note: Items labeled “adjusted” are non-GAAP financial measures; further details are included on pages 10-12 of this release. All per-share results are rounded to the nearest cent, based on weighted-average diluted common shares outstanding.

3Q26 Financial Commentary

•Quarterly net revenues grew year-over-year by 17% to a record $7.2 billion
•Net interest margin expanded quarter-over-quarter to 3.04%
•Client transactional sweep cash balances ended September at $492.8 billion, an increase of $7.1 billion versus the prior quarter-end, reflecting continued demand for long/short strategies and organic growth, partially offset by client asset allocation decisions
•Average interest-earning assets for the quarter equaled $451.5 billion, up 8% versus 3Q25
•Asset management and administration fees grew by 14% year-over-year to $1.9 billion, powered by the firm’s organic growth and investors’ increased utilization of our wealth and asset management solutions
•Clients remained engaged with the market, driving trading revenue of $1.2 billion, up 16% year-over-year
•GAAP expenses for the quarter increased 9% year-over-year; excluding acquisition and integration-related costs and the amortization of acquired intangibles of $151 million, adjusted total expenses (1) were also up 9% relative to 3Q25
•Capital ratios across the firm remained strong – including preliminary consolidated Tier 1 Leverage and adjusted Tier 1 Leverage (1) of 8.9% and 7.0%, respectively
•Repurchased 4.7 million shares of our common stock for $0.5 billion during the quarter

(1) Further details on non-GAAP financial measures and a reconciliation of such measures to GAAP reported results are included on pages 10-12 of this release.
(2) Client margin loans and short credits related to certain long/short strategies utilized by RIAs are excluded from interest-earning assets and company funding sources.
(3) Fortune America’s Most Innovative Companies 2026 was given on March 25, 2026, and expires on March 24, 2027. The criteria, evaluation, and ranking were determined by Fortune, partnered with Statista. Visit https://www.fortune.com/ranking/americas-most-innovative-companies/ for more information. Schwab paid a licensing fee to Fortune for use of the award and logos.

Fall Business Update
The company will host its Fall Business Update for institutional investors this morning from 7:30 a.m. - 8:30 a.m. CT, 8:30 a.m. - 9:30 a.m. ET.

Registration for this Update webcast is accessible at https://www.aboutschwab.com/schwabevents.

- 2 -

Forward-Looking Statements
This press release contains forward-looking statements relating to the company’s diversified business model, scale, capabilities, solutions, value proposition, and client engagement. These forward-looking statements reflect management’s expectations as of the date hereof. Achievement of these expectations and objectives is subject to risks and uncertainties that could cause actual results to differ materially from the expressed expectations. Important factors that may cause such differences are described in the company’s most recent reports on Form 10-K and Form 10-Q, which have been filed with the Securities and Exchange Commission and are available on the company’s website (https://www.aboutschwab.com/financial-reports) and on the Securities and Exchange Commission’s website (https://www.sec.gov). The company makes no commitment to update any forward-looking statements.

About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 40.3 million active brokerage accounts, 5.9 million workplace plan participant accounts, 2.4 million banking accounts, and $13.33 trillion in client assets. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, https://www.sipc.org), and its affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent, fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor ServicesTM. Its primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at https://www.aboutschwab.com.

Contact Information

MEDIA
Mayura Hooper, 415-667-1525
public.relations@schwab.com

INVESTORS/ANALYSTS
Kartik Sharma, 817-662-7648
investor.relations@schwab.com
- 3 -


THE CHARLES SCHWAB CORPORATION
Consolidated Statements of Income
(In millions, except per share amounts)
(Unaudited)




Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
Net Revenues
Interest revenue$4,473 $3,956 $12,581 $11,500 
Interest expense(997)(906)(2,604)(2,922)
Net interest revenue3,476 3,050 9,977 8,578 
Asset management and administration fees
1,913 1,673 5,497 4,773 
Trading revenue1,158 995 3,462 2,855 
Bank deposit account fees345 247 973 739 
Other279 170 816 640 
Total net revenues7,171 6,135 20,725 17,585 
Expenses Excluding Interest
Compensation and benefits1,756 1,653 5,358 4,861 
Professional services325 293 935 853 
Occupancy and equipment316 280 902 824 
Advertising and market development114 101 326 305 
Communications172 149 533 478 
Depreciation and amortization196 212 595 644 
Amortization of acquired intangible assets141 127 415 385 
Regulatory fees and assessments73 59 211 225 
Other301 240 816 731 
Total expenses excluding interest3,394 3,114 10,091 9,306 
Income before taxes on income3,777 3,021 10,634 8,279 
Taxes on income871 663 2,449 1,886 
Net Income2,906 2,358 8,185 6,393 
Preferred stock dividends and other95 81 296 343 
Net Income Available to Common Stockholders$2,811 $2,277 $7,889 $6,050 
Weighted-Average Common Shares Outstanding:
Basic1,728 1,806 1,736 1,815 
Diluted1,733 1,811 1,741 1,820 
Earnings Per Common Shares Outstanding:
Basic$1.63 $1.26 $4.54 $3.33 
Diluted$1.62 $1.26 $4.53 $3.33 

        
- 4 -

THE CHARLES SCHWAB CORPORATION
Financial and Operating Highlights
(Unaudited)
Q3-26 % change20262025
vs.vs.ThirdSecondFirstFourthThird
(In millions, except per share amounts and as noted)Q3-25Q2-26QuarterQuarterQuarterQuarterQuarter
Net Revenues
Net interest revenue14%4%$3,476 $3,357 $3,144 $3,172 $3,050 
Asset management and administration fees14%5%1,913 1,825 1,759 1,733 1,673 
Trading revenue 16%(5)%1,158 1,215 1,089 1,066 995 
Bank deposit account fees40%4%345 333 295 238 247 
Other 64%(18)%279 342 195 127 170 
Total net revenues17%1%7,171 7,072 6,482 6,336 6,135 
Expenses Excluding Interest
Compensation and benefits6%(2)%1,756 1,790 1,812 1,630 1,653 
Professional services11%6%325 307 303 344 293 
Occupancy and equipment13%5%316 301 285 293 280 
Advertising and market development13%3%114 111 101 115 101 
Communications15%(13)%172 198 163 142 149 
Depreciation and amortization (8)%(1)%196 198 201 206 212 
Amortization of acquired intangible assets11%(1)%141 142 132 127 127 
Regulatory fees and assessments24%16%73 63 75 62 59 
Other25%3%301 293 222 237 240 
Total expenses excluding interest9%—3,394 3,403 3,294 3,156 3,114 
Income before taxes on income25%3%3,777 3,669 3,188 3,180 3,021 
Taxes on income31%—871 869 709 721 663 
Net Income23%4%2,906 2,800 2,479 2,459 2,358 
Preferred stock dividends and other17%(20)%95 119 82 92 81 
Net Income Available to Common Stockholders23%5%$2,811 $2,681 $2,397 $2,367 $2,277 
Earnings per common share:
Basic29%5%$1.63 $1.55 $1.37 $1.34 $1.26 
Diluted29%5%$1.62 $1.54 $1.37 $1.33 $1.26 
Dividends declared per common share19%—$.32 $.32 $.32 $.27 $.27 
Weighted-average common shares outstanding:
Basic(4)%— 1,728 1,735 1,746 1,772 1,806 
Diluted(4)%— 1,733 1,739 1,752 1,777 1,811 
Performance Measures
Pre-tax profit margin52.7%51.9%49.2%50.2%49.2%
Return on average common stockholders’ equity (annualized) (1)
25%25%23%22%21%
Financial Condition (at quarter end, in billions)
Cash and cash equivalents20%(10)%$36.7 $40.6 $45.0 $46.0 $30.6 
Cash and investments segregated(33)%(4)%31.8 33.0 39.8 42.9 47.8 
Receivables from brokers, dealers, and clearing organizations N/M24%27.2 22.0 11.8 7.2 4.7 
Receivables from brokerage clients — net37%4%128.1 122.8 106.2 104.7 93.8 
Available for sale securities(5)%(6)%59.0 62.5 61.1 62.4 62.3 
Held to maturity securities(7)%(3)%126.6 130.6 131.7 134.0 136.7 
Bank loans — net35%8%72.3 67.0 60.9 58.0 53.6 
Total assets12%1%520.7 517.3 493.3 491.0 465.3 
Bank deposits2%(2)%244.1 249.7 253.0 255.7 239.1 
Payables to brokers, dealers, and clearing organizations108%6%46.5 43.8 28.1 25.7 22.4 
Payables to brokerage clients8%1%125.2 124.0 118.0 116.3 115.4 
Accrued expenses and other liabilities18%7%13.4 12.5 12.0 12.8 11.4 
Other short-term borrowings118%2%14.2 13.9 12.5 6.9 6.5 
Federal Home Loan Bank borrowings122%N/M2.0 0.5 — 1.9 0.9 
Long-term debt18%5%23.8 22.7 20.5 22.2 20.2 
Total liabilities13%—469.2 467.1 444.1 441.6 415.9 
Stockholders’ equity4%3%51.4 50.1 49.2 49.4 49.4 
Total liabilities and stockholders’ equity12%1%520.7 517.3 493.3 491.0 465.3 
Other
Full-time equivalent employees (at quarter end, in thousands)4%1%33.9 33.7 33.5 33.0 32.7 
Capital expenditures — purchases of equipment, office facilities,
  and property, net (in millions) (2)
110%(60)%$319 $792 $173 $158 $152 
Expenses excluding interest as a percentage of average client assets
  (annualized)		0.10%0.11%0.11%0.11%0.11%
Clients’ Daily Average Trades (DATs) (in thousands)
44%(10)%10,687 11,920 9,899 8,274 7,421 
Number of Trading Days1%3%64.0 62.0 61.0 63.0 63.5 
Revenue Per Trade (3)
(20)%3%$1.69 $1.64 $1.80 $2.05 $2.11 
(1) Return on average common stockholders’ equity is calculated using net income available to common stockholders divided by average common stockholders’ equity.
(2) Second quarter of 2026 includes incremental capital expenditures of $633 million related to a multi-year software license agreement with a corresponding liability recognized in long-term debt.
(3) Revenue per trade is calculated as trading revenue divided by the product of DATs and the number of trading days.
N/M Not meaningful. Percentage changes greater than 200% are presented as not meaningful.
- 5 -

THE CHARLES SCHWAB CORPORATION
Net Interest Revenue Information
(In millions, except ratios or as noted)
(Unaudited)
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Average
Balance		Interest
Revenue/
Expense		Average
Yield/
Rate		Average
Balance		Interest
Revenue/
Expense		Average
Yield/
Rate		Average
Balance		Interest
Revenue/
Expense		Average
Yield/
Rate		Average
Balance		Interest
Revenue/
Expense		Average
Yield/
Rate
Interest-earning assets
Cash and cash equivalents$34,525 $317 3.59%$24,298 $264 4.26%$32,577 $883 3.58%$27,571 $897 4.29%
Cash and investments segregated31,251 289 3.62%46,046 494 4.20%38,795 1,060 3.60%44,104 1,412 4.22%
Receivables from brokerage clients (1)
123,061 1,792 5.70%87,292 1,454 6.52%113,307 4,900 5.70%82,992 4,154 6.60%
Available for sale securities (2)
65,149 379 2.31%69,794 360 2.05%65,422 1,063 2.16%77,324 1,198 2.06%
Held to maturity securities (2)
128,026 553 1.72%137,672 587 1.70%130,433 1,690 1.72%141,032 1,811 1.71%
Bank loans69,526 775 4.43%51,849 557 4.27%64,249 2,095 4.35%48,882 1,568 4.28%
Total interest-earning assets451,538 4,105 3.58%416,951 3,716 3.51%444,783 11,691 3.48%421,905 11,040 3.46%
Securities lending revenue238 183 507 339 
Other interest revenue (1,3)
130 57 383 121 
Total interest-earning assets$451,538 $4,473 3.90%$416,951 $3,956 3.74%$444,783 $12,581 3.75%$421,905 $11,500 3.61%
Funding sources
Bank deposits$244,309 $139 0.23%$229,281 $248 0.43%$244,451 $371 0.20%$237,488 $1,010 0.57%
Payables to brokers, dealers, and clearing
  organizations
42,113 376 3.50%19,131 188 3.84%33,165 869 3.46%16,673 492 3.89%
Payables to brokerage clients (1)
106,900 59 0.22%96,064 67 0.28%106,952 174 0.22%92,909 176 0.25%
Other short-term borrowings14,349 148 4.06%7,593 87 4.56%11,531 351 4.04%7,314 256 4.68%
Federal Home Loan Bank borrowings929 10 3.97%7,103 79 4.35%776 23 3.90%9,180 322 4.62%
Long-term debt23,572 272 4.52%20,204 207 4.01%22,206 701 4.16%21,029 625 3.92%
Total interest-bearing liabilities432,172 1,004 0.91%379,376 876 0.91%419,081 2,489 0.79%384,593 2,881 0.99%
Non-interest-bearing funding sources19,366 37,575 25,702 37,312 
Other interest expense (1,3)
(7)30 115 41 
Total funding sources$451,538 $997 0.86%$416,951 $906 0.86%$444,783 $2,604 0.78%$421,905 $2,922 0.92%
Net interest revenue$3,476 3.04%$3,050 2.88%$9,977 2.97%$8,578 2.69%
(1) Beginning in the fourth quarter of 2025, average balances of margin loans and short credits related to client long/short strategies from which the Company earns a fixed net yield are excluded from interest-earning assets and funding sources. Also beginning in the fourth quarter of 2025, related interest revenue and expense were moved from receivables from brokerage clients and payables to brokerage clients, respectively, to other interest revenue and other interest expense, respectively. Amounts and average yields have been reclassified and recalculated for 2025 periods to reflect these changes. Average margin loans related to these client strategies totaled $51.4 billion and $33.0 billion for the three and nine months ended September 30, 2026, respectively, compared to $2.8 billion and $1.3 billion for the same periods in 2025. Average short credits related to these client strategies totaled $53.3 billion and $34.2 billion for the three and nine months ended September 30, 2026, respectively, compared to $2.8 billion and $1.3 billion for the same periods in 2025.
(2) Amounts have been calculated based on amortized cost.
(3) Beginning in the second quarter of 2026, the net fixed yield earned on client long/short strategies is presented in other interest revenue; amounts for periods prior to the three months ended June 30, 2026 have not been recast as the impact of this change was not material.
- 6 -

THE CHARLES SCHWAB CORPORATION
Asset Management and Administration Fees Information
(In millions, except ratios or as noted)
(Unaudited)

Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
Average
Client
Assets		RevenueAverage
Fee		Average
Client
Assets		RevenueAverage
Fee		Average
Client
Assets		RevenueAverage
Fee		Average
Client
Assets		RevenueAverage
Fee
Schwab money market funds$699,067 $481 0.27%$663,218 $458 0.27%$696,173 $1,422 0.27%$643,168 $1,318 0.27%
Schwab equity and bond funds, exchange-traded
  funds (ETFs), and collective trust funds (CTFs) 		943,891 167 0.07%735,519 132 0.07%881,581 470 0.07%685,300 376 0.07%
Mutual Fund OneSource ® and other no-
  transaction-fee funds (NTFs)
486,893 277 0.23%443,660 259 0.23%479,690 812 0.23%384,614 699 0.24%
Other third-party mutual funds, ETFs, and
  alternatives (1)
696,598 126 0.07%639,677 112 0.07%680,066 358 0.07%637,610 344 0.07%
Total mutual funds, ETFs, CTFs, and
  alternatives (1,2)
$2,826,449 $1,051 0.15%$2,482,074 $961 0.15%$2,737,510 $3,062 0.15%$2,350,692 $2,737 0.16%
Managed investing solutions (2)
Fee-based$801,949 $761 0.38%$654,220 $619 0.38%$764,516 $2,142 0.37%$613,302 $1,777 0.39%
Non-fee-based165,151 — —127,592 — —156,678 — —122,920 — —
Total managed investing solutions$967,100 $761 0.31%$781,812 $619 0.31%$921,194 $2,142 0.31%$736,222 $1,777 0.32%
Other balance-based fees (1,3)
1,020,380 70 0.03%900,385 66 0.03%991,943 209 0.03%849,876 191 0.03%
Other (4)
31 27 84 68 
Total asset management and administration fees$1,913 $1,673 $5,497 $4,773 
(1) Beginning in the first quarter of 2026, alternative investments and related revenue were moved from other balance-based fees to other third-party mutual funds, ETFs, and alternatives. Prior period amounts and average fees have been reclassified and recalculated to reflect this change.
(2) Managed investing solutions includes managed portfolios, specialized strategies, and customized investment advice such as Schwab Wealth AdvisoryTM, Schwab Managed PortfoliosTM, Managed Account Select®, Schwab Advisor Network®, Windhaven Strategies®, ThomasPartners® Strategies, Wasmer Schroeder Strategies®, Schwab Index Advantage advised retirement plan balances, Schwab Intelligent Portfolios®, Institutional Intelligent Portfolios, Schwab Intelligent Portfolios Premium, Schwab Wealth Portfolios™, AdvisorDirect®, Essential Portfolios, Selective Portfolios, and Personalized Portfolios; as well as legacy non-fee managed investing solutions including Schwab Advisor Source and certain retirement plan balances. Average client assets for managed investing solutions may also include the asset balances contained in the mutual fund and/or ETF categories listed above. For the total end of period view, please see the Monthly Activity Report.
(3) Includes various asset-related fees, such as trust fees, 401(k) recordkeeping fees, and mutual fund clearing fees and other service fees.
(4) Includes miscellaneous service and transaction fees, including fees relating to mutual funds and ETFs that are not balance-based.
- 7 -

THE CHARLES SCHWAB CORPORATION
Growth in Client Assets and Accounts
(Unaudited)

Q3-26 % Change20262025
vs.vs.ThirdSecondFirstFourthThird
(In billions, at quarter end, except as noted)Q3-25Q2-26QuarterQuarterQuarterQuarterQuarter
Assets in client accounts
Schwab One®, certain cash equivalents, and bank deposits
20%3%$428.5 $415.4 $390.5 $379.5 $357.1 
Bank deposit account balances(13)%(4)%68.0 70.6 73.5 76.2 78.5 
Proprietary mutual funds (Schwab Funds® and Laudus Funds®) and CTFs
Money market funds5%1%698.7 690.5 700.8 693.8 666.4 
Equity and bond funds and CTFs (1)
17%2%316.0 311.2 271.8 277.4 269.7 
Total proprietary mutual funds and CTFs8%1%1,014.7 1,001.7 972.6 971.2 936.1 
Mutual Fund Marketplace® (2)
Mutual Fund OneSource® and other NTF funds
—(3)%472.9 485.7 443.3 454.2 473.5 
Mutual fund clearing services2%(2)%327.3 334.3 311.1 327.7 320.2 
Other third-party mutual funds9%(1)%1,350.8 1,366.0 1,263.7 1,274.3 1,237.2 
Total Mutual Fund Marketplace6%(2)%2,151.0 2,186.0 2,018.1 2,056.2 2,030.9 
Total mutual fund assets7%(1)%3,165.7 3,187.7 2,990.7 3,027.4 2,967.0 
Exchange-traded funds
Proprietary ETFs (1)
27%4%605.1 583.7 512.6 495.3 476.0 
Other third-party ETFs27%3%3,046.7 2,959.7 2,579.8 2,527.5 2,395.7 
Total ETF assets27%3%3,651.8 3,543.4 3,092.4 3,022.8 2,871.7 
Equity and other securities16%3%5,383.2 5,228.4 4,566.9 4,722.6 4,624.7 
Fixed income securities4%2%823.9 804.5 780.6 786.8 792.1 
Margin loans outstanding93%14%(187.9)(165.1)(126.7)(112.3)(97.2)
Total client assets15%2%$13,333.2 $13,084.9 $11,767.9 $11,903.0 $11,593.9 
Client assets by business
Investor Services (3)
14%2%$7,487.3 $7,343.0 $6,566.4 $6,707.5 $6,577.2 
Advisor Services17%2%5,845.9 5,741.9 5,201.5 5,195.5 5,016.7 
Total client assets15%2%$13,333.2 $13,084.9 $11,767.9 $11,903.0 $11,593.9 
Net growth in assets in client accounts (for the quarter ended)
Net new assets by business
Investor Services (3)
37%88%$72.3 $38.5 $54.1 $60.4 $52.7 
Advisor Services47%50%120.1 80.2 85.8 97.8 81.7 
Total net new assets43%62%$192.4 $118.7 $139.9 $158.2 $134.4 
Net market gains (losses)55.9 1,198.3 (275.0)150.9 702.2 
Net growth (decline)$248.3 $1,317.0 $(135.1)$309.1 $836.6 
New brokerage accounts (in thousands, for the quarter ended)9%(10)%1,243 1,388 1,299 1,268 1,143 
Client accounts (in thousands)
Active brokerage accounts6%1%40,260 39,802 39,099 38,506 37,963 
Banking accounts13%3%2,425 2,352 2,281 2,214 2,150 
Workplace Plan Participant Accounts (4)
4%—5,868 5,888 5,844 5,740 5,619 
(1) Includes balances held on and off the Schwab platform. As of September 30, 2026, off-platform equity and bond funds, CTFs, and ETFs were $55.0 billion, $4.9 billion, and $223.5 billion, respectively.
(2) Excludes all proprietary mutual funds and ETFs.
(3) Third quarter of 2026 includes net inflows of $2.0 billion from off-platform Schwab Bank Retail Certificates of Deposit (CDs). Second quarter of 2026 includes net outflows of $1.1 billion from off-platform Schwab Bank Retail CDs. First quarter of 2026 includes net outflows of $0.1 billion from off-platform Schwab Bank Retail CDs. Fourth quarter of 2025 includes net outflows of $5.7 billion from off-platform Schwab Bank Retail CDs. Third quarter of 2025 includes net outflows of $3.1 billion from off-platform Schwab Bank Retail CDs.
(4) Includes Retirement Plan Services, Stock Plan Services, Designated Brokerage Services, and Retirement Business Services. Participants may be enrolled in services in more than one Workplace business.

- 8 -

The Charles Schwab Corporation Monthly Activity Report For September 2026
2025
2026Change
SepOctNovDecJanFebMarAprMayJunJulAugSepMo.Yr.
Number of Trading Days21.0 23.0 18.5 21.5 20.0 19.0 22.0 21.0 20.0 21.0 22.0 21.0 21.0 
Market Indices (at month end)
Dow Jones Industrial Average®
46,398 47,563 47,716 48,063 48,892 48,978 46,342 49,652 51,032 52,319 52,485 53,186 50,906 (4)%10%
Nasdaq Composite®
22,660 23,725 23,366 23,242 23,462 22,668 21,591 24,892 26,973 26,214 25,374 26,371 26,861 2%19%
Standard & Poor’s® 500
6,688 6,840 6,849 6,846 6,939 6,879 6,529 7,209 7,580 7,499 7,490 7,686 7,652 —14%
Client Assets (in billions of dollars)
Beginning Client Assets11,228.1 11,593.9 11,828.0 11,834.3 11,903.0 12,148.5 12,220.3 11,767.9 12,605.3 13,135.3 13,084.9 13,042.5 13,410.0 
Net New Assets (1)
45.4 41.6 38.7 77.9 27.6 32.5 79.8 6.7 49.9 62.1 60.1 64.7 67.6 4%49%
Net Market Gains (Losses)320.4 192.5 (32.4)(9.2)217.9 39.3 (532.2)830.7 480.1 (112.5)(102.5)302.8 (144.4)
Total Client Assets (at month end)11,593.9 11,828.0 11,834.3 11,903.0 12,148.5 12,220.3 11,767.9 12,605.3 13,135.3 13,084.9 13,042.5 13,410.0 13,333.2 (1)%15%
Core Net New Assets (1,2)
46.2 44.4 40.4 79.1 27.8 32.5 79.7 7.2 49.9 62.7 58.1 64.8 67.5 4%46%
Receiving Ongoing Advisory Services (at month end)
Investor Services792.5 807.6 817.9 824.8 849.5 866.8 841.3 895.0 925.8 929.8 933.7 956.4 947.3 (1)%20%
Advisor Services5,016.7 5,106.1 5,155.9 5,195.5 5,311.7 5,394.3 5,201.5 5,525.7 5,716.0 5,741.9 5,763.1 5,903.0 5,845.9 (1)%17%
Client Accounts (at month end, in thousands)
Active Brokerage Accounts37,963 38,145 38,266 38,506 38,730 38,925 39,099 39,300 39,536 39,802 39,940 40,090 40,260 —6%
Banking Accounts 2,150 2,172 2,189 2,214 2,239 2,258 2,281 2,305 2,329 2,352 2,381 2,407 2,425 1%13%
Workplace Plan Participant Accounts (3)
5,619 5,696 5,730 5,740 5,793 5,829 5,844 5,864 5,886 5,888 5,915 5,910 5,868 (1)%4%
Client Activity
New Brokerage Accounts (in thousands)384 429 365 474 476 395 428 437 461 490 417 424 402 (5)%5%
Client Daily Average Trades (DATs) (in
  thousands)		7,832 8,617 8,459 7,746 9,512 9,922 10,232 10,328 11,813 13,615 11,648 9,821 10,547 7%35%
Derivative Trades as a Percentage of Total
  Trades		22.3%23.8%21.7%21.4%20.1%20.1%20.4%21.4%19.8%17.7%20.6%24.2%20.5%(370) bp(180) bp
Margin Balances at month end (in billions of
  dollars) (4)
97.2 105.6 110.1 112.3 116.3 120.6 126.7 136.0 154.6 165.1 169.9 177.6 187.9 6%93%
Schwab Trading Activity IndexTM (STAX) (5)
46.1 48.1 48.8 48.5 50.0 57.3 56.0 50.1 55.1 59.1 59.8 57.5 58.9 2%28%
Selected Balances (in billions of dollars)
Average Interest-Earning Assets (6)
419.8 428.3 429.1 436.0 441.7 434.2 436.8 444.6 442.0 448.4 449.9 453.0 453.5 —8%
Transactional Sweep Cash (4,7) (at month end)
425.6 428.8 427.5 453.7 433.3 436.1 461.5 467.6 472.4 485.7 476.8 483.3 492.8 2%16%
Total Money Market Funds (at month end)667.0 675.5 685.9 694.5 693.4 696.2 702.2 688.1 694.6 691.9 695.3 702.5 700.5 —5%
Client Cash as a Percentage of Client Assets (8)
9.4%9.3%9.4%9.7%9.3%9.3%9.9%9.2%8.9%9.0%9.0%8.8%8.9%10 bp(50) bp
Net Buy (Sell) Activity (in billions of dollars) (9)
Mutual Funds(4.8)(6.3)(7.3)(3.6)(0.9)(2.4)(8.5)(5.7)(7.4)(10.4)(6.0)(7.0)(12.7)
Exchange-Traded Funds (ETFs)25.6 28.1 24.9 39.8 34.8 37.4 25.3 27.4 34.2 32.0 36.3 34.2 27.8 
(1) Unless otherwise noted, differences between net new assets and core net new assets are net flows from off-platform Schwab Bank Retail CDs.
(2) Net new assets before significant one-time inflows or outflows, such as acquisitions/divestitures or extraordinary flows (generally greater than $25 billion) relating to a specific client, and activity from off-platform Schwab Bank Retail CDs. These flows may span multiple reporting periods.
(3) Includes Retirement Plan Services, Stock Plan Services, Designated Brokerage Services, and Retirement Business Services. Participants may be enrolled in services in more than one Workplace business.
(4) Balances include margin loans and short credits related to certain long/short strategies from which the Company earns a fixed net yield. For the month of September 2026, margin loans totaled $60.7 billion and short credits totaled $63.3 billion.
(5) For additional information regarding STAX, please visit: https://www.schwab.com/investment-research/stax/view-schwab-trading-activity-index.
(6) Represents average total interest-earning assets on the Company’s balance sheet. Beginning in December 2025, average balances of margin loans and short credits related to client long/short strategies from which the Company earns a fixed net yield are excluded from average interest-earning assets. Prior period amounts have been adjusted accordingly.
(7) Transactional sweep cash includes bank sweep deposits, broker-dealer cash balances, other client cash held on the balance sheet (such as bank checking and savings deposits, short credits related to certain client long/short strategies, and broker-dealer non-interest-bearing credits), and bank deposit account balances; excludes proprietary and third-party CDs.
(8) Schwab One®, certain cash equivalents, bank deposits, third-party bank deposit accounts, and money market fund balances as a percentage of total client assets; client cash excludes brokered CDs issued by Charles Schwab Bank.
(9) Represents the principal value of client mutual fund and ETF transactions handled by Schwab, including transactions in proprietary funds. Includes institutional funds available only to investment managers. Excludes money market fund transactions.
- 9 -

THE CHARLES SCHWAB CORPORATION
Non-GAAP Financial Measures
(In millions, except ratios and per share amounts)
(Unaudited)
In addition to disclosing financial results in accordance with generally accepted accounting principles in the U.S. (GAAP), Schwab’s third quarter earnings release contains references to the non-GAAP financial measures described below. We believe these non-GAAP financial measures provide useful supplemental information about the financial performance of the Company, and facilitate meaningful comparison of Schwab’s results in the current period to both historic and future results. These non-GAAP measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and may not be comparable to non-GAAP financial measures presented by other companies.

Schwab’s use of non-GAAP measures is reflective of certain adjustments made to GAAP financial measures as described below.
Non-GAAP Adjustment or MeasureDefinitionUsefulness to Investors and Uses by Management
Acquisition and integration-related costs, amortization of acquired intangible assets, and restructuring costsSchwab adjusts certain GAAP financial measures to exclude the impact of acquisition and integration-related costs incurred as a result of the Company’s acquisitions, amortization of acquired intangible assets, restructuring costs, and, where applicable, the income tax effect of these expenses.

Adjustments made to exclude amortization of acquired intangible assets are reflective of all acquired intangible assets, which were recorded as part of purchase accounting. These acquired intangible assets contribute to the Company’s revenue generation. Amortization of acquired intangible assets will continue in future periods over their remaining useful lives.		We exclude acquisition and integration-related costs, amortization of acquired intangible assets, and restructuring costs for the purpose of calculating certain non-GAAP measures because we believe doing so provides additional transparency of Schwab’s ongoing operations, and is useful in both evaluating the operating performance of the business and facilitating comparison of results with prior and future periods.

Costs related to acquisition and integration or restructuring fluctuate based on the timing of acquisitions, integration and restructuring activities, thereby limiting comparability of results among periods, and are not representative of the costs of running the Company’s ongoing business. Amortization of acquired intangible assets is excluded because management does not believe it is indicative of the Company’s underlying operating performance.
Return on tangible common equityReturn on tangible common equity represents annualized adjusted net income available to common stockholders as a percentage of average tangible common equity. Tangible common equity represents common equity less goodwill, acquired intangible assets — net, and related deferred tax liabilities.Acquisitions typically result in the recognition of significant amounts of goodwill and acquired intangible assets. We believe return on tangible common equity may be useful to investors as a supplemental measure to facilitate assessing capital efficiency and returns relative to the composition of Schwab’s balance sheet.
Adjusted Tier 1 Leverage RatioAdjusted Tier 1 Leverage Ratio represents the Tier 1 Leverage Ratio as prescribed by bank regulatory guidance for the consolidated company and for Charles Schwab Bank, SSB (CSB), adjusted to reflect the inclusion of accumulated other comprehensive income (AOCI) in the ratio.Inclusion of the impacts of AOCI in the Company’s Tier 1 Leverage Ratio provides additional information regarding the Company’s current capital position. We believe Adjusted Tier 1 Leverage Ratio may be useful to investors as a supplemental measure of the Company’s capital levels.

The Company also uses adjusted diluted EPS and return on tangible common equity as components of performance criteria for employee bonus and certain executive management incentive compensation arrangements. The Compensation Committee of CSC’s Board of Directors maintains discretion in evaluating performance against these criteria. Additionally, the Company uses adjusted Tier 1 Leverage Ratio in managing capital, including its use of the measure as its long-term operating objective.


- 10 -

THE CHARLES SCHWAB CORPORATION
Non-GAAP Financial Measures
(In millions, except ratios and per share amounts)
(Unaudited)
The tables below present reconciliations of GAAP measures to non-GAAP measures:
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Total
Expenses
Excluding
Interest		Net
Income		Total
Expenses
Excluding
Interest		Net
Income		Total
Expenses
Excluding
Interest		Net
Income		Total
Expenses Excluding
Interest		Net
Income
Total expenses excluding interest (GAAP),
  Net income (GAAP)		$3,394 $2,906 $3,114 $2,358 $10,091 $8,185 $9,306 $6,393 
Amortization of acquired intangible assets(141)141 (127)127 (415)415 (385)385 
Acquisition and integration-related costs (1)
(10)10 — — (49)49 — — 
Income tax effects (2)
N/A(36)N/A(29)N/A(110)N/A(92)
Adjusted total expenses (non-GAAP),
  Adjusted net income (non-GAAP)		$3,243 $3,021 $2,987 $2,456 $9,627 $8,539 $8,921 $6,686 
(1) Acquisition and integration-related costs for the three months ended September 30, 2026 primarily consist of compensation and benefits. Acquisition and integration-related costs for the nine months ended September 30, 2026 primarily consist of $34 million of compensation and benefits and $14 million of professional services. There were no acquisition and integration-related costs for the three and nine months ended September 30, 2025.
(2) The income tax effects of the non-GAAP adjustments are determined using an effective tax rate reflecting the exclusion of non-deductible acquisition costs and are used to present the acquisition and integration-related costs, amortization of acquired intangible assets, and restructuring costs on an after-tax basis.
N/A Not applicable.

Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Amount% of
Total Net Revenues		Amount% of
Total Net Revenues		Amount% of
Total Net Revenues		Amount% of
Total Net Revenues
Income before taxes on income (GAAP), Pre-tax profit
  margin (GAAP)		$3,777 52.7%$3,021 49.2%$10,634 51.3%$8,279 47.1%
Amortization of acquired intangible assets141 2.0%127 2.1%415 2.0%385 2.2%
Acquisition and integration-related costs10 0.1%— —49 0.2%— —
Adjusted income before taxes on income (non-GAAP),
  Adjusted pre-tax profit margin (non-GAAP)		$3,928 54.8%$3,148 51.3%$11,098 53.5%$8,664 49.3%

Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
AmountDiluted
EPS		AmountDiluted
EPS		AmountDiluted
EPS		AmountDiluted
EPS
Net income available to common stockholders (GAAP),
  Earnings per common share — diluted (GAAP)		$2,811 $1.62 $2,277 $1.26 $7,889 $4.53 $6,050 $3.33 
Amortization of acquired intangible assets141 .08 127 .07 415 .24 385 .21 
Acquisition and integration-related costs10 .01 — — 49 .03 — — 
Income tax effects(36)(.02)(29)(.02)(110)(.07)(92)(.05)
Adjusted net income available to common stockholders
  (non-GAAP), Adjusted diluted EPS (non-GAAP)		$2,926 $1.69 $2,375 $1.31 $8,243 $4.73 $6,343 $3.49 

- 11 -

THE CHARLES SCHWAB CORPORATION
Non-GAAP Financial Measures
(In millions, except ratios and per share amounts)
(Unaudited)
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Return on average common stockholders’ equity — annualized (GAAP)
25%21%24%20%
Average common stockholders’ equity
$44,584 $42,655 $43,948 $40,903 
Less: Average goodwill(12,290)(11,951)(12,121)(11,951)
Less: Average acquired intangible assets — net(7,212)(7,423)(7,187)(7,552)
Plus: Average deferred tax liabilities related to goodwill
  and acquired intangible assets — net		1,753 1,695 1,704 1,695 
Average tangible common equity$26,835 $24,976 $26,344 $23,095 
Adjusted net income available to common stockholders (1)
$2,926 $2,375 $8,243 $6,343 
Return on tangible common equity — annualized (non-GAAP)44%38%42%37%
(1) See table above for the reconciliation of net income available to common stockholders to adjusted net income available to common stockholders (non-GAAP).

(Preliminary)
September 30, 2026
CSCCSB
Tier 1 Leverage Ratio (GAAP)
8.9%10.6%
Tier 1 Capital
$44,782 $26,925 
Plus: AOCI adjustment(10,389)(9,043)
Adjusted Tier 1 Capital34,393 17,882 
Average assets with regulatory adjustments
501,735 255,095 
Plus: AOCI adjustment(9,894)(8,746)
Adjusted average assets with regulatory adjustments$491,841 $246,349 
Adjusted Tier 1 Leverage Ratio (non-GAAP)
7.0%7.3%
- 12 -

Source: View Original Filing on SEC EDGAR

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