INTL FCStone Inc. Reports Fiscal 2013 Third Quarter Financial Results

INTL FCStone Inc. Reports Fiscal 2013 Third Quarter Financial Results

Adjusted Operating Revenues of $119.7 Million

NEW YORK, Aug. 7, 2013 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (the 'Company')
(Nasdaq:INTL) today announced its financial results for the fiscal year 2013
third quarter ended June 30, 2013. Certain financial metrics discussed in this
press release are non-GAAP, reflecting marked-to-market differences in the
Company's Commodity and Risk Management Services and Other segments. A
reconciliation of those metrics to GAAP equivalents is provided in the table
below, and further discussion of the use of non-GAAP metrics will be provided
in the Company's Form 10-Q to be filed with the Securities and Exchange
Commission ("SEC").

Sean M. O'Connor, CEO of INTL FCStone Inc., stated, "Improving results in most
segments were offset by the non-recurring costs of exiting the physical base
metals business, quiet agricultural markets and continuing low interest
rates."

INTL FCStone Inc. Summary Financials

Consolidated financial statements for the Company will be included in the
Company's quarterly report on Form 10-Q to be filed with the SEC. The Form
10-Q will also be made available on the Company's website at
www.intlfcstone.com.

                                                      
                       Three Months Ended June 30,   Nine Months Ended June 30,
(Unaudited) (in                                 %                              %
millions, except share  2013        2012        Change 2013        2012        Change
and per share amounts)
Operating revenues     $122.1    $123.8    (1)%    $365.1    $339.7    7%
Interest expense       3.2        2.6        23%     9.6        8.3        16%
Net revenues           118.9      121.2      (2)%    355.5      331.4      7%
Compensation and        52.2       54.6       (4)%    150.9      155.5      (3)%
benefits
Clearing and related    29.4       30.6       (4)%    83.5       80.4       4%
expenses
Introducing broker      11.0       7.9        39%     29.0       21.7       34%
commissions
Other non-interest      22.2       22.2       -- %    67.8       65.0       4%
expenses
Total non-interest      114.8      115.3      -- %    331.2      322.6      3%
expenses
Income from operations, 4.1        5.9        (31)%   24.3       8.8        176%
before tax
Income tax expense     1.3        1.2        8%      6.7        2.2        205%
Net income             2.8        4.7        (40)%   17.6       6.6        167%
Add: Net loss
attributable to         --        --        -- %    --        0.1        (100)%
noncontrolling
interests
Net income attributable
to INTL FCStone Inc.    $2.8      $4.7      (40)%   $17.6     $6.7      163%
common stockholders
                                                                          
Basic Earnings per                                                         
share:
Net income attributable
to INTL FCStone Inc.    $0.15     $0.24     (38)%   $0.92     $0.35     163%
common stockholders
                                                                          
Diluted Earnings per                                                       
share:
Net income attributable
to INTL FCStone Inc.    $0.15     $0.23     (35)%   $0.90     $0.33     173%
common stockholders
                                                                          
Weighted average number
of common shares                                                           
outstanding:
Basic                  18,480,644 18,392,823 -- %    18,377,965 18,286,308 1%
Diluted                18,864,040 19,098,667 (1)%    18,862,872 19,156,471 (2)%
                                                                          
Segment operating
revenues (non-GAAP)                                                        
reconciliation:
Operating revenues, as  $122.1    $123.8    (1)%    $365.1    $339.7    7%
reported (GAAP)
Marked-to-market        (2.4)      0.9        (a)    (12.3)     --        (a)
adjustment
Adjusted operating
revenues (non-GAAP)     $119.7    $124.7    (4)%    $352.8    $339.7    4%
(b)
                                                                          
Represented by:                                                           
Commodity and risk      $53.0     $67.9     (22)%   $159.4    $182.7    (13)%
management services
Foreign exchange       19.0       16.5       15%     51.3       47.4       8%
Securities             13.8       8.6        60%     42.7       28.8       48%
Clearing and execution  27.8       27.7       -- %    75.5       70.8       7%
services
Other                  6.8        3.8        79%     16.4       10.5       56%
Corporate unallocated   (0.7)      0.2        (a)    7.5        (0.5)      (a)
(d)
Adjusted operating
revenues (non-GAAP)     $119.7    $124.7    (4)%    $352.8    $339.7    4%
(b)
                                                                          
Net income attributable
to INTL FCStone Inc.
common                                                                     
stockholders(non-GAAP)
reconciliation:
Net income attributable
to INTL FCStone Inc.    $2.8      $4.7      (40)%   $17.6     $6.7      163%
common stockholders, as
reported (GAAP)
Marked-to-market        (2.4)      0.9        (a)    (12.3)     --        (a)
adjustment (non-GAAP)
Tax effect on
marked-to-market
adjustment at blended   0.9        (0.3)      (a)    4.6        --        (a)
rate of 37.5%
(non-GAAP)
Adjusted net income
attributable to INTL
FCStone Inc. common     $1.3      $5.3      (75)%   $9.9      $6.7      48%
stockholders (non-GAAP)
(c)
                                                                          
(a) Comparison not meaningful.
                                                                          
(b) Adjusted operating revenue is a non-GAAP measure that represents operating
revenues adjusted by marked-to-market differences in the Company's Commodity and Risk
Management Services and Other segments, as shown in the table. The table above reflects
all reconciling items between the GAAP operating revenues and non-GAAP adjusted
operating revenues. For a full discussion of management's reasons for disclosing these
adjustments, see 'Item 7. Management's Discussion and Analysis of Financial Condition
and Results of Operations' in the Form 10-K for the fiscal year ended September30,
2012.
                                                                          
(c) Adjusted net income attributable to INTL FCStone Inc. common stockholders is a
non-GAAP measure that represents net income attributable to INTL FCStone Inc. common
stockholders adjusted by the after-tax marked-to-market differences in the Company's
Commodity and Risk Management Services and Other segments. The table above reflects all
reconciling items between the GAAP net income attributable to INTL FCStone Inc. common
stockholders and non-GAAP adjusted net income attributable to INTL FCStone Inc. common
stockholders.
                                                                          
(d) For the nine months ended June 30, 2013, operating and adjusted operating revenues
include realized gains of $9.2 million, on the Company's sale of shares in The London
Metals Exchange and Kansas City Board of Trade reflected in the Corporate unallocated
segment.


Conference Call & Web Cast

A conference call will be held tomorrow, Thursday, August8, 2013 at 9:00 a.m.
ET. A live webcast of the conference call as well as additional information to
review during the call will be made available in PDF form on-line on the
Company's corporate web site at http://www.intlfcstone.com. Participants can
also access the call by dialing 1-888-364-3109 (within the United States), or
1-719-325-2455 (international callers) approximately ten minutes prior to the
start time.

A replay of the call will be available at http://www.intlfcstone.com
approximately two hours after the call has ended and will be available through
August15, 2013. To access the replay, dial 1-888-203-1112 (within the United
States), or 1-719-457-0820 (international callers) and enter the replay
passcode 2701 302.

About INTL FCStone Inc.

INTL FCStone Inc. (INTL) provides execution and advisory services in
commodities, currencies and international securities. INTL's businesses, which
include the commodities advisory and transaction execution firm FCStone Group,
serve more than 20,000 accounts, representing approximately 11,000
consolidated customers in more than 100 countries through a network of offices
in twelve countries around the world.

Further information on INTL is available at www.intlfcstone.com.

Forward Looking Statements

This press release includes forward-looking statements including statements
regarding the combined company. All statements other than statements of
current or historical fact contained in this press release are forward-looking
statements. The words "believe," "expect," "anticipate," "should," "plan,"
"will," "may," "could," "intend," "estimate," "predict," "potential,"
"continue" or the negative of these terms and similar expressions, as they
relate to INTL FCStone Inc., are intended to identify forward-looking
statements.

These forward-looking statements are largely based on current expectations and
projections about future events and financial trends that may affect the
financial condition, results of operations, business strategy and financial
needs of the company. They can be affected by inaccurate assumptions,
including the risks, uncertainties and assumptions described in the filings
made by INTL FCStone Inc. with the Securities and Exchange Commission. In
light of these risks, uncertainties and assumptions, the forward-looking
statements in this press release may not occur and actual results could differ
materially from those anticipated or implied in the forward-looking
statements. When you consider these forward-looking statements, you should
keep in mind these risk factors and other cautionary statements in this press
release.

These forward-looking statements speak only as of the date of this press
release. INTL FCStone Inc. undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. Accordingly, readers are cautioned not to place undue
reliance on these forward-looking statements.

CONTACT: INTL FCStone Inc.
         Investor inquiries:
         Bill Dunaway, CFO
         1-866-522-7188
         bill.dunaway@intlfcstone.com