IDD Daily Brief: Thursday, Oct 15, 2026 — Schwab and Interactive Brokers post strong quarters as Proofpoint agrees to buy Varonis

The Big Picture

• Brokers posted a strong third quarter. Schwab reported record net revenues of $7.2 billion and a record $190.4 billion in core net new assets, while Interactive Brokers raised its quarterly dividend to $0.15 from $0.0875.

• Varonis agreed to sell itself. Thoma Bravo portfolio company Proofpoint will buy Varonis for $49.75 a share in cash, in a deal valued at about $6.3 billion.

• Regional banks opened Friday's reporting. M&T Bank's EPS rose to $5.04 from $4.82, and Regions Financial's EPS rose 16% to $0.71.

Earnings

Reported since yesterday's brief

• Charles Schwab (SCHW): Net revenues rose 17% to a record $7.2 billion, and GAAP EPS rose 29% to $1.62, or $1.69 adjusted, according to its 8-K. Core net new assets were a record $190.4 billion, up 38%, and the company repurchased $0.5 billion of stock.

• Interactive Brokers (IBKR): Diluted EPS was $0.69, or $0.67 adjusted, up from $0.59 and $0.57 a year earlier, on net revenues of $1.91 billion, the company said in an 8-K. Customer accounts grew 35% to 5.58 million.

• J.B. Hunt (JBHT): Net earnings were $172.4 million, or $1.82 per diluted share, up from $1.76, on revenue of $3.68 billion, up 20%, according to its 8-K. Intermodal loads rose 8%, while Dedicated Contract Services operating income fell 22%.

• Alcoa (AA): Net income was $483 million, or $1.81 per share, up from $0.88 a year earlier, on revenue of $3.7 billion, according to its 8-K. Adjusted EPS was $1.82, down from $2.12 in the second quarter. South32 shareholders approved Alcoa's AliGroup acquisition on Oct. 15.

• M&T Bank (MTB): Net income was $775 million, or $5.04 per diluted share, compared with $792 million, or $4.82, a year earlier, according to its 8-K. The bank repurchased 1.3 million shares for $323 million.

• Regions Financial (RF): Net income available to common shareholders was $611 million, or $0.71 per diluted share, up 16%, with adjusted EPS of $0.73, the company said in an 8-K. Net interest income and noninterest income both increased.

Company News

• Varonis (VRNS) agreed to be acquired by Proofpoint for $49.75 per share in cash, about $6.3 billion, according to its 8-K. The deal is expected to close in the first half of 2027, subject to shareholder approval and regulatory clearances.

• Fortune Brands Innovations (FBIN) agreed to sell its Fiberon composite decking business to a subsidiary of Inteplast Group for $160 million in cash, according to its 8-K. It expects an additional non-cash impairment charge of about $175 million to $205 million.

• Semtech (SMTC) raised its fiscal third-quarter outlook to net sales of $417.5 million, plus or minus $2.5 million, and set a fiscal 2030 framework of $3.2 billion in net sales, the company said in an 8-K.

• Prudential Financial (PRU) said in an 8-K that the Prudential of Japan sales suspension reduced third-quarter pre-tax adjusted operating income in its Japan Businesses by about $140 million. It reports full results Nov. 3.

• Portland General Electric (POR) filed its 2026 Clean Energy Plan and Integrated Resource Plan with Oregon regulators, outlining paths that call for 3,377 MW to 6,747 MW of new resources by 2030, according to its 8-K.

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.