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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Revenues $ 208,576 $ 210,318
Expenses    
Employee compensation and benefits 61,916 61,264
Depreciation and amortization 18,236 18,200
Technology and communications 18,048 17,051
Professional and consulting fees 6,410 6,395
Occupancy 3,622 3,425
Marketing and advertising 2,061 1,833
Clearing costs 4,185 4,911
General and administrative 5,716 4,739
Total expenses 120,194 117,818
Operating income 88,382 92,500
Other income (expense)    
Interest income 7,169 5,973
Interest expense (213) (316)
Equity in earnings of unconsolidated affiliate 289 370
Other, net 527 (1,810)
Total other income (expense) 7,772 4,217
Income before income taxes 96,154 96,717
Provision for income taxes 81,089 24,102
Net income $ 15,065 $ 72,615
Net income per common share    
Basic $ 0.4 $ 1.92
Diluted 0.4 1.92
Cash dividends declared per common share $ 0.76 $ 0.74
Weighted average shares outstanding    
Basic 37,388 37,740
Diluted 37,456 37,790
Commissions [Member]    
Revenues    
Revenues $ 181,343 $ 184,873
Information Services [Member]    
Revenues    
Revenues 12,904 11,881
Post-trade Services [Member]    
Revenues    
Revenues 11,088 10,730
Technology Services [Member]    
Revenues    
Revenues $ 3,241 $ 2,834