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Interactive Brokers' Q4'19 commissions revenue drops 18% YOY

Interactive Brokers Group Inc. posted fourth-quarter 2019 net income available for common shareholders of $44 million, or 57 cents per share, compared to $43 million, or 57 cents per share, in the prior-year period.

The S&P Global Market Intelligence consensus normalized EPS estimate for the quarter was 60 cents.

The online brokerage recorded comprehensive income available for common shareholders of $51 million, or 66 cents per share, for the fourth quarter of 2019. That represented an increase from the prior-year period, when it reported comprehensive income of $43 million, or 56 cents per share.

Net revenues totaled $500 million, versus $492 million in the same period of 2018.

Interactive Brokers said its fourth-quarter 2019 results were aided by an 18% jump in its net interest income to $296 million, which was partially offset by an 18% decrease in commissions revenue to $168 million due to lower customer trading volume in options, futures and stocks.

Total daily average revenue trades for the quarter fell 16% from the year-ago quarter to 797,000. Interactive Brokers posted a 15% increase in its total accounts from the fourth quarter of 2018.

For the full year 2019, the company posted net income available for common shareholders of $161 million, or $2.10 per share, compared to $169 million, or $2.28 per share, for the full year of 2018.

The S&P Global Market Intelligence consensus normalized EPS estimate for the year was $2.15.