Charles Schwab reported its first-quarter earnings, revealing a mix of results that saw the company's profits fall by 15% due to higher interest payouts on client deposits and borrowings. Despite this, the company achieved a slight increase in revenue, totaling $4.74 billion, slightly above the estimated $4.71 billion. Adjusted earnings per share met expectations at $0.74. The firm also reported a decrease in net new assets, totaling $88.2 billion against an estimate of $91.18 billion, and bank deposits of $269.5 billion. However, the total client assets were higher than expected at $9.12 trillion, contributing to a market cap of $127.94 billion. The company's stock experienced a slight decline in pre-market trading by 1.4%, even as it opened over 1 million new brokerage accounts during the quarter.