Schwab CharlesSCHW

01Core net new assets totaled $259.8 billion in the first half of 2026, up 19% from the first half of 2025 New brokerage accounts were 2.7 million in the first half of 2026, up 18% from the same prior-year period Active brokerage accounts reached 39.8 million at June 30, 2026, up 6% Total client assets increased to $13.08 trillion at June 30, up 10% from year-end 2025 Management estimates investable wealth in the U.S. currently exceeds $90 trillion

02Net interest margin increased to 3.00% in Q2 2026 compared to 2.66% in Q2 2025 Bank sweep deposits and payables to brokerage clients increased by $42.7 billion, or 14%, from June 30, 2025 to June 30, 2026 More than 80% of bank deposits qualified for FDIC insurance as of June 30, 2026 The Company establishes the rates paid on certain brokerage client cash balances and bank deposits

03Once assets are custodied at Schwab, the firm monetizes them through multiple channels—margin lending, securities-backed loans, sweep interest, and advisory fees—creating revenue diversification that is insulated from any single product cycle and deepens per-client economics

04Schwab operates within a self-imposed capital band and returns excess capital systematically through buybacks and dividends, providing shareholders a predictable return-of-capital mechanism that complements earnings growth