SCHWAB CHARLES CORP
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
View on SEC.govAbout 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.
FY2024 · Filed Feb 26, 2025
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 exhibitsContents
Consolidated Balance Sheets
| Consolidated Balance Sheets (1) | ||
|---|---|---|
| (In Millions, Except Per Share and Share Amounts) | ||
| December 31, | 2024 | 2023 |
| Assets | ||
| Cash and cash equivalents | $42,083 | $43,337 |
| Cash and investments segregated and on deposit for regulatory purposes (including resale agreements of $10,075 and $8,844 at December 31, 2024 and 2023, respectively) | 38,221 | 31,836 |
| Receivables from brokers, dealers, and clearing organizations | 2,440 | 3,327 |
| Receivables from brokerage clients — net | 85,374 | 68,667 |
| Available for sale securities (amortized cost of $89,704 and $116,336 at December 31, 2024 and 2023, respectively; including assets pledged of $378 and $1,733, respectively) | 82,994 | 107,646 |
| Held to maturity securities (including assets pledged of $5,920 and $3,703 at December 31, 2024 and 2023, respectively) | 146,453 | 159,452 |
| Bank loans — net | 45,215 | 40,439 |
| Equipment, office facilities, and property — net | 3,338 | 3,690 |
| Goodwill | 11,951 | 11,951 |
| Acquired intangible assets — net | 7,743 | 8,260 |
| Other assets | 14,031 | 14,573 |
| Total assets | $479,843 | $493,178 |
| Liabilities and Stockholders’ Equity | ||
| Bank deposits | $259,121 | $289,953 |
| Payables to brokers, dealers, and clearing organizations | 13,336 | 6,648 |
| Payables to brokerage clients | 101,559 | 84,786 |
| Accrued expenses and other liabilities | 12,325 | 11,752 |
| Other short-term borrowings | 5,999 | 6,553 |
| Federal Home Loan Bank borrowings | 16,700 | 26,400 |
| Long-term debt | 22,428 | 26,128 |
| Total liabilities | 431,468 | 452,220 |
| Stockholders’ equity: | ||
| Preferred stock — $.01 par value per share; aggregate liquidation preference of $9,329 at December 31, 2024 and 2023 | 9,191 | 9,191 |
| Common stock — 3 billion shares authorized; $.01 par value per share; 2,023,295,180 shares issued at December 31, 2024 and 2023 | 20 | 20 |
| Nonvoting common stock — 300 million shares authorized; $.01 par value per share; 50,893,695 shares issued at December 31, 2024 and 2023 | 1 | 1 |
| Additional paid-in capital | 27,639 | 27,330 |
| Retained earnings | 37,568 | 33,901 |
| Treasury stock, at cost — 242,977,194 and 250,678,452 shares at December 31, 2024 and 2023, respectively | (11,196) | (11,354) |
| Accumulated other comprehensive income (loss) | (14,848) | (18,131) |
| Total stockholders’ equity | 48,375 | 40,958 |
| Total liabilities and stockholders’ equity | $479,843 | $493,178 |
(1)Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.
- 66 -
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.