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 |
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 |
(in thousands, except per share data)
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Click here for a printable version of this page |
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2010 |
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 |
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|
First
Quarter |
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Second
Quarter |
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|
Year
to Date |
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|
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Revenues: |
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|
|
|
|
|
|
|
|
|
|
Brokerage commissions and fees |
|
$ |
26,948 |
|
|
$ |
30,456 |
|
|
$ |
57,404 |
| |
|
|
|
|
|
|
|
|
|
|
|
Interest income |
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|
2,293 |
|
|
|
2,623 |
|
|
|
4,916 |
Brokerage interest expense |
|
|
- |
|
|
|
- |
|
|
|
- |
Net interest income |
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|
2,293 |
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|
|
2,623 |
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|
4,916 |
| |
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|
|
|
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|
Subscription fees and other |
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|
2,849 |
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|
|
5,290 |
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|
|
8,139 |
Net revenues |
|
|
32,090 |
|
|
|
38,369 |
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|
70,459 |
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Expenses: |
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|
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|
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Employee compensation and benefits |
|
|
11,194 |
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|
|
11,461 |
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|
22,655 |
Clearing and execution |
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|
7,183 |
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|
|
8,317 |
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|
15,500 |
Data centers and communications |
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|
3,503 |
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|
|
3,940 |
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|
|
7,443 |
Marketing |
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|
1,531 |
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|
1,747 |
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|
3,278 |
Professional services |
|
|
697 |
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|
|
739 |
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|
|
1,436 |
Occupancy and equipment |
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|
752 |
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|
807 |
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|
|
1,559 |
Depreciation and amortization |
|
|
950 |
|
|
|
1,063 |
|
|
|
2,013 |
Other |
|
|
1,795 |
|
|
|
1,951 |
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|
|
3,746 |
Total expenses |
|
|
27,605 |
|
|
|
30,025 |
|
|
|
57,630 |
|
|
|
|
|
|
|
|
|
|
|
|
Income before income taxes |
|
|
4,485 |
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|
|
8,344 |
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|
12,829 |
Income tax provision |
|
|
1,810 |
|
|
|
3,404 |
|
|
|
5,214 |
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|
|
|
|
|
|
|
|
|
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|
Net income |
|
$ |
2,675 |
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|
$ |
4,940 |
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|
$ |
7,615 |
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Earnings per share: |
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|
|
|
|
|
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|
Basic |
|
$ |
0.07 |
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|
$ |
0.12 |
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|
$ |
0.19 |
|
Diluted |
|
$ |
0.07 |
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|
$ |
0.12 |
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|
$ |
0.19 |
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|
|
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Weighted average shares outstanding: |
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|
|
|
|
|
|
|
|
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|
Basic |
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|
40,502 |
|
|
|
40,044 |
|
|
|
40,273 |
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|
Diluted |
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|
40,940 |
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|
|
40,508 |
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40,724 |
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2009 |
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|
First
Quarter |
|
Second
Quarter |
|
Third
Quarter |
|
Fourth
Quarter |
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|
Year to
Date |
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Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Brokerage commissions and fees |
|
$ |
32,935 |
|
|
$ |
31,864 |
|
|
$ |
28,623 |
|
|
$ |
27,836 |
|
|
$ |
121,258 |
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|
|
|
|
|
|
|
|
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|
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|
|
|
|
|
|
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|
Interest income |
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|
995 |
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|
|
1,341 |
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|
|
1,612 |
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|
|
2,009 |
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|
|
5,957 |
|
Brokerage interest expense |
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|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Net interest income |
|
|
995 |
|
|
|
1,341 |
|
|
|
1,612 |
|
|
|
2,009 |
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|
|
5,957 |
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| |
|
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|
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|
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|
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|
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|
|
|
|
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Subscription fees and other |
|
|
2,040 |
|
|
|
1,993 |
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|
|
2,121 |
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|
|
1,342 |
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|
|
7,496 |
|
Net revenues |
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|
35,970 |
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|
|
35,198 |
|
|
|
32,356 |
|
|
|
31,187 |
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|
|
134,711 |
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Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Employee compensation and benefits |
|
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10,499 |
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|
|
10,653 |
|
|
|
10,510 |
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|
|
10,053 |
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|
41,715 |
|
Clearing and execution |
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|
8,848 |
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|
|
7,814 |
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|
|
7,160 |
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|
|
7,360 |
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|
31,182 |
|
Data centers and communications |
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|
2,762 |
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|
|
2,887 |
|
|
|
2,902 |
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|
|
2,929 |
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|
|
11,480 |
|
Marketing |
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|
1,802 |
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|
|
1,791 |
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|
|
1,453 |
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|
|
1,564 |
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|
6,610 |
|
Professional services |
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|
848 |
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|
|
912 |
|
|
|
753 |
|
|
|
859 |
|
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|
3,372 |
|
Occupancy and equipment |
|
|
737 |
|
|
|
746 |
|
|
|
800 |
|
|
|
789 |
|
|
|
3,072 |
|
Depreciation and amortization |
|
|
1,129 |
|
|
|
1,115 |
|
|
|
1,062 |
|
|
|
1,056 |
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|
4,362 |
|
Other |
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|
1,524 |
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|
|
1,685 |
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|
|
1,653 |
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|
|
1,987 |
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|
|
6,849 |
|
Total expenses |
|
|
28,149 |
|
|
|
27,603 |
|
|
|
26,293 |
|
|
|
26,597 |
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|
|
108,642 |
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|
|
|
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|
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|
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|
|
|
|
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Income before income taxes |
|
|
7,821 |
|
|
|
7,595 |
|
|
|
6,063 |
|
|
|
4,590 |
|
|
|
26,069 |
|
Income tax provision |
|
|
3,141 |
|
|
|
2,914 |
|
|
|
2,366 |
|
|
|
1,858 |
|
|
|
10,279 |
|
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|
|
|
|
|
|
|
|
|
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|
|
|
|
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|
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Net income |
|
$ |
4,680 |
|
|
$ |
4,681 |
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|
$ |
3,697 |
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|
$ |
2,732 |
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|
$ |
15,790 |
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Earnings per share: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Basic |
|
$ |
0.11 |
|
|
$ |
0.11 |
|
|
$ |
0.09 |
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|
$ |
0.07 |
|
|
$ |
0.38 |
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|
Diluted |
|
$ |
0.11 |
|
|
$ |
0.11 |
|
|
$ |
0.09 |
|
|
$ |
0.07 |
|
|
$ |
0.38 |
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|
|
|
|
|
|
|
|
|
|
|
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|
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Weighted average shares outstanding: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Basic |
|
|
42,202 |
|
|
|
41,658 |
|
|
|
41,285 |
|
|
|
40,882 |
|
|
|
41,507 |
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|
Diluted |
|
|
42,561 |
|
|
|
42,210 |
|
|
|
41,792 |
|
|
|
41,361 |
|
|
|
41,981 |
|
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