Raymond James Financial Inc reports $1,739M profit for 2023
In the 12 months ended September 30, 2023, the company's total revenues were $12,992 million
Raymond James Financial, Inc. [RJF-PA] has reported $1,739 million profit for 2023
The St Petersburg, Florida-based company recorded a total revenue of $12,992 million with an operating income of $2,280 million. The company's Earnings Per Share rose to $7.97.
In the current reporting period, the total assets of the company decreased from $80,951 million to $78,360 million year over year. This decline can be attributed to decreases in cash and cash equivalents, assets segregated for regulatory purposes and restricted cash, collateralized agreements, and other investments. On the other hand, the total liabilities also decreased from $71,519 million to $68,173 million, indicating a reduction in bank deposits, collateralized financings, trading liabilities, and other payables. As a result, the total stockholders' equity increased from $9,432 million to $10,187 million, primarily driven by an increase in retained earnings and additional paid-in capital.
In the 12 months ended September 30, 2023, the company's total revenues were $12,992 million, a decrease from the previous year's $11,308 million and the year before that's $9,910 million. The net revenues for the current reporting period were $11,619 million, compared to $11,003 million in the previous year and $9,760 million in the year before. The company's non-interest expenses increased to $9,339 million in the current year, up from $8,981 million in the previous year and $7,969 million in the year before. The company's net income for the current reporting period was $1,739 million, compared to $1,509 million in the previous year and $1,403 million in the year before. The earnings per common share, both basic and diluted, increased from the previous year, with $8.16 and $7.97 respectively, compared to $7.16 and $6.98 in the previous year.
