Banks are under increased pressure from consumers to pay out more for deposits.
The Westlake, Texas-based firm reported $4.74 billion in net revenue for the three months though March.
The commission-free trading platform is looking to become a broader financial services company.
The company's shares tumbled after a year of interest rate hikes hurt its balance sheet.
Charles Schwab said it will offer trading in bitcoin ETFs across exchanges.
The lawsuit challenges the bank's efforts to present a picture of greater gender equality.
Some of the bank's loan officers allegedly failed to ask applicants about their race, ethnicity and sex and then lied about it.
Consumers have so far bucked analysts' expectations, spending more on travel and entertainment amid rising rates.
During the quarter, the company announced it will add more perks to its Business Gold Card.
The Fed's interest rate hikes over the past year and a half have pressured Schwab's banking arm.
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