Raymond James Financial reported a 5% increase in net revenues to $2.83 billion for the fiscal fourth quarter ended September 30, 2022. Net income available to common shareholders was $437 million, or $1.98 per diluted share. The results were driven by higher short-term interest rates, which offset declines in asset management and brokerage revenues.
Domestic Private Client Group net new asset growth of 8.3% annualized for the fiscal fourth quarter
Record quarterly net revenues of $2.83 billion, up 5% over the prior year’s fiscal fourth quarter
Quarterly net income available to common shareholders of $437 million, or $1.98 per diluted share
Net interest income and Raymond James Bank Deposit Program (“RJBDP”) fees from third-party banks of $606 million during the quarter, up 206% over the prior year’s fiscal fourth quarter
Raymond James is well positioned entering fiscal 2023 with strong capital ratios and a flexible balance sheet, which should support our results in any market environment.
Visualization of income flow from segment revenue to net income