Interactive Brokers Group, Inc. (IBKR) Q4 2023 Earnings Call Transcript

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Interactive Brokers Group, Inc. (NASDAQ:IBKR) Q4 2023 Earnings Call Transcript January 16, 2024 4:30 PM ET

Company Participants

Nancy Stuebe – Director of IR

Paul Brody – CFO

Milan Galik – CEO

Conference Call Participants

James Yaro – Goldman Sachs

Craig Siegenthaler – Bank of America

Benjamin Budish – Barclays

Brennan Hawken – UBS

Dan Fannon – Jefferies

Kyle Voigt – KBW

Chris Allen – Citi

Patrick Moley – Piper Sandler

Operator

Good day and thank you for standing by. Welcome to the Interactive Brokers Group 4Q ‘23 Earnings Call. At this time, all participants are in a listen-only mode. After the speaker’s presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your speaker today, Nancy Stuebe, Director of Investor Relations.

Nancy Stuebe

Good afternoon. Happy New Year and thank you for joining us for our fourth quarter 2023 earnings call. Thomas is on the call and asked me to present his comments on the business. Also joining us today are Milan Galik, our CEO, and Paul Brody, our CFO. After prepared remarks, we will have a Q&A.

As a reminder, today’s call may include forward-looking statements, which represent the company’s belief regarding future events, which by their nature are not certain and are outside of the company’s control. Our actual results and financial condition may differ, possibly materially, from what is indicated in these forward-looking statements. We ask that you refer to the disclaimers in our press release. You should also review a description of risk factors contained in our financial reports filed with the SEC.

In 2023, we added over 470,000 net new accounts. Our client equity at year end was up 39% to $426 billion, an increase of over $100 billion from last year. We

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