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Actionable news in AMTD: TD AMERITRADE HOLDING CORP,

TD Ameritrade Holding: Director, Investor Relations And Finance

The following excerpt is from the company's SEC filing.

(402) 574-6523

(402) 597-8464

kim.hillyer@tdameritrade.com

jeffrey.goeser@tdameritrade.com

TD Ameritrade Reports Record 2015 Earnings;

Seventh Consecutive Year of Double-Digit Asset Gathering

Record Diluted Earnings per Share of $1.49, up 5% Year-Over-Year

Record Net Revenues of $3.2B, up 4% Year-Over-Year

Record Net New Client Assets of $63B, 10% Annualized Growth Rate

TD Ameritrade Holding Corporation (NYSE: AMTD) has released results for fiscal 2015. The Company gathered approximately $63 billion in net new cl ient assets, maintaining its industry-leading double-digit net new client asset growth rate for the seventh consecutive year.

The Company’s results for the fiscal year ended Sept. 30, 2015 include the following:

Record $1.49 earnings per diluted share, on record net income of $813 million

Record net new client assets of approximately $63 billion, an annualized growth rate of 10 percent

Record average client trades per day of approximately 462,000, an activity rate of 7.1 percent

Record net revenues of $3.2 billion, 55 percent of which were asset-based

Record investment product fee revenue of $334 million, up 8 percent year-over-year

Record pre-tax income of $1.3 billion, or 40 percent of net revenues

Record EBITDA

of $1.5 billion, or 47 percent of net revenues

Record interest rate-sensitive assets

of $108 billion, up 8 percent year-over-year

Client assets of approximately $667 billion, up 2 percent year-over-year

“The story of 2015 is one of continued momentum and strength in nearly every area of our business,” said Fred Tomczyk, president and chief executive officer. “Strong trading and asset gathering have again helped us deliver growth in earnings, despite the continued low interest rate environment. We finished the year strong in trading, averaging a record 462,000 trades per day, as volatility returned to the markets in the fourth quarter. And, we gathered a record $63 billion in net new client assets, a double-digit growth rate for the seventh consecutive year. We will carry that momentum with us into fiscal 2016. We have a strong competitive position, an unrelenting client focus, and we remain well-aligned with the secular growth trends – which will serve to help us continue delivering strong organic growth and earnings.”

“Fiscal 2015 was a good year, with record earnings of $1.49 per diluted share, despite a prolonged near-zero interest rate environment. We also bought back nearly 11 million shares of our common stock, or 2 percent of outstanding shares. Building our long-term earnings power remains our focus, and with interest rate-sensitive assets now at a record $108 billion, we remain well-positioned for a rising rate environment,” said Steve Boyle, executive vice president and chief financial officer. “As we look ahead, our client-focused growth strategy will remain our utmost priority, with trading

levels, balance growth and the interest rate environment being the primary drivers of our fiscal 2016 results. We will be disciplined on managing expenses, utilizing productivity savings to invest in future growth. We would expect that these efforts, combined with plans to return 60-to-80 percent of net income excluding amortization of intangible assets, will provide our shareholders with continued value and further enhance our results.”

Fourth Quarter 2015 Results

In addition, the Company has released its results for the quarter ended Sept. 30, 2015, which include the following:

Net income of $216 million, or $0.40 per diluted share, up 5 percent year-over-year

Net new client assets of approximately $16 billion, an annualized growth rate of 9 percent

Average client trades per day of approximately 479,000, an activity rate of 7.3 percent

Record net revenues of $831 million, 55 percent of which were asset-based

Investment product fee revenue of $82 million, down 1 percent year-over-year

Pre-tax income of $347 million, or 42 percent of net revenues

of $405 million, or 49 percent of net revenues

Return on average stockholders’ equity (annualized) of 17 percent

Capital Management

During the 2015 fiscal year, the Company paid $326 million, or $0.60 per share, in cash dividends, which included four quarterly dividends of $0.15 per share. The Company also repurchased approximately 11 million shares of its common stock.

The Company has declared a $0.17 per share quarterly cash dividend, an increase of 13 percent year-over-year, payable on Nov. 24, 2015 to all holders of record of common stock as of Nov. 10, 2015.

Fiscal 2016 Outlook

The Company has also released its outlook for the 2016 fiscal year, which reflects expected earnings of $1.45 to $1.75 per diluted share for its 2016 fiscal year.

More information on the fiscal 2016 forecast is available through the Company’s Outlook Statement, located in the “Financials & reports” section of its corporate web site, www.amtd.com

Company Hosts Conference Call

TD Ameritrade will host its September Quarter conference call this morning, Oct. 27, 2015, at 8:30 a.m. EDT (7:30 a.m. CDT). Participants may listen to the conference call by dialing 855-238-2333. The Company will webcast the conference call through www.amtd.com, via the “Presentations &...


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