SCHWAB CHARLES CORP

For the period ended Dec 31, 2023. Filed Feb 23, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 23, 2024

SCHW$93.03+0.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

AOCI represents cumulative gains and losses that are not reflected in earnings. AOCI balances and the components of other comprehensive income (loss) are as follows:

	Total AOCI
Balance at December 31, 2020	$5,394
Available for sale securities:
Net unrealized gain (loss), net of tax expense (benefit) of $(2,029)	(6,492)
Other reclassifications included in other revenue, net of tax expense (benefit) of $(1)	(3)
Other, net of tax expense (benefit) of $(3)	(8)
Balance at December 31, 2021	$(1,109)
Available for sale securities:
Net unrealized gain (loss), excluding transfers to held to maturity, net of tax expense (benefit) of $(6,994)	(22,106)
Net unrealized loss on securities transferred to held to maturity, net of tax benefit of $4,377	13,851
Other reclassifications included in other revenue, net of tax expense (benefit) of $2	7
Held to maturity securities:
Net unrealized loss on securities transferred from available for sale, net of tax benefit of $4,377	(13,851)
Amortization of amounts previously recorded upon transfer from available for sale, net of tax expense (benefit) of $165	542
Other, net of tax expense (benefit) of $15	45
Balance at December 31, 2022	$(22,621)
Available for sale securities:
Net unrealized gain (loss), net of tax expense (benefit) of $886	2,653
Other reclassifications included in other revenue, net of tax expense (benefit) of $15	46
Held to maturity securities:
Amortization of amounts previously recorded upon transfer from available for sale, net of tax expense (benefit) of $657	1,817
Other, net of tax expense (benefit) of $(9)	(26)
Balance at December 31, 2023	$(18,131)

In 2022, the Company transferred a portion of its AFS securities to the HTM category. As of December 31, 2023, the total remaining unamortized loss on these securities transferred to HTM included in AOCI was $11.5 billion net of tax effect ($15.0 billion pre-tax). See Note 5 for additional discussion on the 2022 transfers of AFS securities to HTM.

115 -

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.