LPL Financial Holdings Inc. 8K

LPL Financial Holdings Inc. announced strong Q2 2026 financial and business results, closed the Mariner Advisor Network acquisition, advanced the Commonwealth conversion, and significantly expanded its share repurchase authorization and capital return, including a new dividend declaration.

LPL Financial Holdings Inc. reported strong second quarter 2026 results, with net income rising to $379 million and diluted EPS increasing 39% year-over-year to $4.74 (adjusted EPS $5.84), supported by a 35% increase in total revenue and 24% growth in net income for the first half. The company highlighted robust business momentum, including total client assets up 34% year-over-year to $2.6 trillion, advisory assets up 46% to $1.5 trillion (60.4% of total), $23 billion in total organic net new assets (4% annualized growth), and $25 billion of recruited assets in the quarter. LPL closed its acquisition of Mariner Advisor Network, an LPL branch office supporting approximately 367 advisors with about $31 billion of client assets, and remains on track to complete the conversion of Commonwealth Financial Network in Q4 2026, with expected asset retention of roughly 90% and an uplift in estimated run-rate EBITDA from $410 million to $435 million. Capital management actions included resuming share repurchases with $309 million bought back in Q2 2026, planning approximately $300 million of repurchases in Q3 2026, a $2.5 billion increase in the board-authorized share repurchase program approved on July 23, 2026, and declaration of a $0.30 per share dividend payable on August 28, 2026 to stockholders of record on August 14, 2026, while maintaining corporate cash of $430 million and a leverage ratio of 1.91x.

Filing Facts

CIK

1397911

Ticker

LPLA

Form

8K

Source Type

sec

Accession

0001628280-26-051046

Alert Tier

7