Broadpoint.Gleacher Announces 2009 Annual Financial
with Record Net Revenues of $341.8 Million, Pre-Tax Pro
$61.5 Million, Net Income of $55.4 Million and Diluted E
Net Revenues of $81.2 Million, Pre-Tax Profit of $14.1 Million, Net Income of $10.3 Million, and Diluted EPS of $0.08
Quarter of 2009
January 28, 2010 07:03 AM Eastern Time
NEW YORK--(EON: Enhanced Online News)--Broadpoint Gleacher Securities Group, Inc. (NASDAQ: BPSG) reported today
the fourth quarter and for the full year ended December 31, 2009. Broadpoint.Gleacher will hold a conference call this morning, Jan
10:00 A.M. (EST) (see Conference Call Information below) to discuss these results.
Highlights of the full year and the fourth quarter include:
l Net revenues of $341.8 million for the year ended December 31, 2009 increased 155 percent compared to $134.3 million f
profit of $61.5 million for the year ended December 31, 2009 compared to a pre-tax loss of $14.8 million for 2008. Pre-tax
percent for 2009. Revenue per employee for 2009 was $1.159 million.
l Net revenues of $81.2 million for the fourth quarter of 2009 increased 61 percent compared to $50.6 million for the fourth q
Pre-tax profit of $14.1 million for the fourth quarter of 2009 increased 666 percent compared to $1.8 million in the fourth qu
Pre-tax margin was 17.4 percent for the fourth quarter of 2009 compared to 3.6 percent in the fourth quarter of 2008.
l Net profit was $55.4 million for 2009, or $0.53 diluted earnings per share, and net profit for the quarter ended December 31
million, or $0.08 diluted earnings per share.
l For the year ended December 31, 2009, Investment Banking revenues of $46.2 million increased 176 percent compared to
2008. Fourth quarter Investment Banking revenues were $15.5 million, an increase of 470 percent compared to $2.7 million
l The Company received Financial Services Authority approval to acquire ISM Capital, a London-based capital markets advi
acquisition is expected to close in the first quarter of 20