Balance Sheet Stifel Financial Corp.

Equities

SF

US8606301021

Investment Banking & Brokerage Services

Market Closed - Nyse Other stock markets 21:00:02 17/02/2026 GMT			5-day change	1st Jan Change
118.11 ^USD	-0.75%		-5.91%	-5.68%

02-10	US brokerages fall as AI-driven rout extends to financials	RE
02-10	Shares of US brokerages fall as AI worries extend to financials	RE

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Published financial data: STIFEL FINANCIAL CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Interest and Dividend Income, Total	524M	548M	1.1B	1.96B	2.02B
Interest Expense, Total	65.78M	46M	201M	810M	981M
Net Interest Income	458M	502M	898M	1.15B	1.04B
Brokerage Commission	761M	810M	711M	674M	756M
Trading and Principal Transactions	588M	581M	529M	490M	605M
Asset Management Fee	917M	1.21B	1.26B	1.3B	1.54B
Underwriting & Investment Banking Fee	952M	1.57B	971M	731M	995M
Gain (Loss) on Sale of Investments, Total (Rev)	-1.79M	-3M	-11.89M	460K	88K
Other Revenues, Total	77.14M	70.22M	31.58M	8.29M	43.04M
Revenues Before Provison For Loan Losses	3.75B	4.73B	4.39B	4.35B	4.97B
Provision For Loan Losses	33.92M	-11.5M	33.51M	25M	25.4M
Total Revenues	3.72B	4.74B	4.36B	4.32B	4.94B
Salaries And Other Employee Benefits	2.25B	2.79B	2.55B	2.52B	2.88B
Cost of Services Provided, Total	495M	515M	546M	582M	620M
Other Operating Expenses	292M	302M	313M	449M	443M
Total Operating Expenses	3.04B	3.61B	3.41B	3.55B	3.95B
Operating Income	681M	1.13B	952M	770M	999M
EBT, Excl. Unusual Items	681M	1.13B	952M	770M	999M
Total Merger & Related Restructuring Charges	-30.26M	-65.16M	-67.05M	-63.21M	-70.81M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	651M	1.07B	885M	707M	928M
Income Tax Expense	148M	242M	223M	184M	197M
Earnings From Continuing Operations	503M	825M	662M	523M	731M
Net Income to Company	503M	825M	662M	523M	731M
Minority Interest	-	-	-	-	-
Net Income - (IS)	503M	825M	662M	523M	731M
Preferred Dividend and Other Adjustments	27.26M	35.59M	37.28M	37.28M	37.28M
Net Income to Common Incl Extra Items	476M	789M	625M	485M	694M
Net Income to Common Excl. Extra Items	476M	789M	625M	485M	694M
Per Share Items
Net EPS - Basic	4.49	7.34	5.74	4.55	6.67
Basic EPS - Continuing Operations	4.49	7.34	5.74	4.55	6.67
Basic Weighted Average Shares Outstanding	106M	108M	109M	107M	104M
Net EPS - Diluted	4.16	6.66	5.32	4.28	6.25
Diluted EPS - Continuing Operations	4.16	6.66	5.32	4.28	6.25
Diluted Weighted Average Shares Outstanding	115M	119M	118M	113M	111M
Normalized Basic EPS	4.01	6.58	5.47	4.51	6
Normalized Diluted EPS	3.72	5.97	5.06	4.24	5.63
Dividend Per Share	0.45	0.6	1.2	1.44	1.68
Payout Ratio	14.65	12.36	25.83	38.33	31.08
Supplemental Items
Total Revenues (As Reported)	3.82B	4.78B	4.59B	5.16B	5.95B
Effective Tax Rate - (Ratio)	22.68	22.7	25.19	26.06	21.23
Current Domestic Taxes	187M	207M	209M	167M	228M
Current Foreign Taxes	-236K	2.95M	929K	1.06M	-565K
Total Current Taxes	186M	210M	210M	168M	228M
Deferred Domestic Taxes	-36.82M	25.39M	12.96M	11.98M	-31.26M
Deferred Foreign Taxes	-1.82M	6.72M	-262K	3.98M	622K
Total Deferred Taxes	-38.64M	32.1M	12.69M	15.97M	-30.64M
Normalized Net Income	426M	708M	595M	481M	625M
Supplemental Operating Expense Items
Stock-Based Comp., G&A Exp. (Total)	156M	121M	135M	138M	147M
Stock-Based Comp., Other (Total)	-	-	305K	2.66M	6.96M
Total Stock-Based Compensation	156M	121M	136M	140M	154M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	2.28B	1.96B	2.2B	3.36B	2.65B
Cash & Securities Segregated	173M	186M	29.02M	162M	29.9M
Securities Owned	694M	1.16B	732M	919M	1.17B
Securities Purchased Under Agreements To Resell	218M	580M	348M	350M	529M
Securities Borrowed	313M	261M	219M	215M	270M
Accounts Receivable, Total	1.32B	1.65B	1.26B	1.18B	1.26B
Other Receivables	11.65B	17.34B	21.3B	20.22B	21.64B
Gross Property Plant And Equipment	1.29B	1.28B	1.4B	1.36B	1.2B
Accumulated Depreciation	-324M	-365M	-420M	-476M	-299M
Net Property Plant And Equipment	961M	919M	976M	884M	899M
Goodwill	1.18B	1.31B	1.33B	1.39B	1.4B
Other Intangibles, Total	141M	148M	131M	219M	217M
Investment In Debt and Equity Securities	6.46B	7.58B	7.73B	7.53B	8.18B
Trading Asset Securities, Total	-	-	142M	119M	111M
Loans Held For Sale	551M	208M	157M	424M	579M
Deferred Tax Assets Long-Term (Collected)	136M	111M	159M	122M	152M
Other Long-Term Assets, Total	522M	637M	491M	638M	812M
Total Assets	26.6B	34.05B	37.2B	37.73B	39.9B
Liabilities
Accounts Payable, Total	1.47B	1.49B	1.1B	1.33B	1.28B
Accrued Expenses, Total	638M	933M	677M	586M	790M
Short-Term Borrowings	191M	386M	354M	536M	691M
Current Portion of Leases	93.54M	99.71M	105M	106M	104M
Long-Term Debt	1.11B	1.11B	1.11B	1.12B	617M
Long-Term Leases	746M	699M	714M	720M	763M
Trust Preferred Securities (BS)	60M	60M	60M	60M	60M
Current Income Taxes Payable	38.2M	7.3M	9.1M	6.1M	5.8M
Unearned Revenue, Current	12.1M	17.5M	12.8M	18.5M	19.3M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	17.97B	24.2B	27.72B	27.95B	29.67B
Other Non Current Liabilities	31.28M	6.9M	5K	2K	204M
Total Liabilities	22.37B	29.01B	31.87B	32.43B	34.21B
Preferred Stock Redeemable	535M	685M	685M	685M	685M
Total Preferred Equity	535M	685M	685M	685M	685M
Common Stock, Total	16.75M	16.75M	16.75M	16.75M	16.75M
Additional Paid In Capital	1.89B	1.92B	1.93B	1.91B	1.9B
Retained Earnings	2.08B	2.76B	3.17B	3.4B	3.79B
Treasury Stock	-308M	-351M	-352M	-637M	-630M
Comprehensive Income and Other	27.64M	4.72M	-118M	-74.33M	-75.64M
Total Common Equity	3.7B	4.35B	4.64B	4.61B	5B
Minority Interest	-	-	-	-	-
Total Equity	4.24B	5.03B	5.33B	5.29B	5.69B
Total Liabilities And Equity	26.6B	34.05B	37.2B	37.73B	39.9B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	105M	106M	107M	103M	104M
ECS Total Common Shares Outstanding	112M	104M	105M	101M	102M
Book Value / Share	33.17	41.63	44.08	45.61	48.95
Tangible Book Value	2.38B	2.89B	3.19B	3B	3.39B
Tangible Book Value Per Share	21.32	27.7	30.25	29.7	33.18
Total Debt	2.2B	2.36B	2.35B	2.54B	2.24B
Net Debt	-1.47B	-1.79B	-1.32B	-2.59B	-2.52B
Equity Method Investments, Total	-	-	-	-	-
Full Time Employees	8.41K	8.51K	8.9K	8.89K	8.89K
Assets on Operating Lease - Gross	-	-	-	-	-
Assets on Operating Lease - Accumulated Depreciation	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	503M	825M	662M	523M	731M
Depreciation, Depletion & Amortization	40.86M	45.57M	50.62M	60.53M	62.4M
Amortization of Goodwill and Intangible Assets - (CF)	19.62M	18.19M	19.6M	20.93M	23.57M
Total Depreciation, Depletion & Amortization	60.48M	63.76M	70.21M	81.46M	85.97M
(Gain) Loss On Sale of Asset - (CF)	104M	115M	132M	145M	108M
(Gain) Loss on Sale of Investments - (CF)	39.65M	20.04M	24.05M	9.41M	8.64M
Provision for Credit Losses	-	-	-	-	-
Stock-Based Compensation (CF)	108M	119M	136M	140M	154M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	33.92M	-11.5M	33.51M	25M	25.4M
Change in Accounts Receivable	494M	-223M	385M	88.22M	-127M
Change in Accounts Payable	252M	-85.48M	-283M	7.54M	-326M
Change in Other Net Operating Assets (Collected)	116M	-9.46M	-22.97M	-539M	-127M
Other Operating Activities	-49.4M	58.33M	21.54M	18.54M	-42.88M
Cash from Operations	1.66B	872M	1.16B	499M	490M
Capital Expenditure	-73.36M	-188M	-82.33M	-51.98M	-73.79M
Sale of Property, Plant, and Equipment	-	148M	-	-	69.92M
Cash Acquisitions	-280K	-144M	-11.9M	-112M	-8.46M
Divestitures	37M	-	-	-	-
Sale (Purchase) of Real Estate Properties (Collected)	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-211M	-1.17B	-408M	206M	-680M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-1.44B	-5.61B	-3.82B	1B	-1.62B
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-1.69B	-6.97B	-4.32B	1.04B	-2.31B
Short Term Debt Issued, Total	-	136M	-	206M	163M
Long-Term Debt Issued, Total	394M	4.1M	-	67.59M	43.23M
Total Debt Issued	394M	140M	-	273M	206M
Short Term Debt Repaid, Total	-451M	-	-174M	-	-
Long-Term Debt Repaid, Total	-763M	-	-81.11M	-	-500M
Total Debt Repaid	-1.21B	-	-255M	-	-500M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-134M	-251M	-208M	-538M	-265M
Issuance of Preferred Stock	218M	291M	-	-	-
Repurchase of Preferred Stock	-	-150M	-	-	-
Common Dividends Paid	-46.5M	-66.34M	-134M	-163M	-190M
Preferred Dividends Paid	-27.26M	-35.59M	-37.28M	-37.28M	-37.28M
Common & Preferred Stock Dividends Paid	-73.76M	-102M	-171M	-200M	-227M
Other Financing Activities, Total	2.01B	5.87B	3.83B	211M	1.77B
Cash from Financing	1.2B	5.79B	3.19B	-255M	980M
Foreign Exchange Rate Adjustments	6.86M	-3.54M	55.05M	5.45M	-6.02M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	1.18B	-303M	79.34M	1.29B	-846M
Supplemental Items
Cash Interest Paid	84.82M	62.51M	221M	822M	996M
Cash Income Tax Paid (Refund)	160M	289M	217M	184M	233M
Net Debt Issued / Repaid	-820M	140M	-255M	273M	-294M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.97	2.72	1.86	1.39	1.88
Return On Equity %	12.73	17.79	12.78	9.84	13.32
Return on Common Equity	13.59	19.6	13.9	10.49	14.44
Margin Analysis
Gross Profit Margin %	94.06	95.25	94.66	94.38	94.8
SG&A Margin	67.88	65.02	65.64	66.18	65.64
Income From Continuing Operations Margin %	13.54	17.39	15.19	12.08	14.79
Net Income Margin %	13.54	17.39	15.19	12.08	14.79
Net Avail. For Common Margin %	12.81	16.64	14.34	11.22	14.04
Normalized Net Income Margin	11.45	14.92	13.66	11.13	12.63
Asset Turnover
Asset Turnover	0.15	0.16	0.12	0.12	0.13
Short Term Liquidity
Current Ratio	0.84	0.86	0.88	0.88	0.87
Quick Ratio	0.82	0.85	0.87	0.87	0.85
Operating Cash Flow to Current Liabilities	0.08	0.03	0.04	0.02	0.02
Long Term Solvency
Total Debt/Equity	51.98	46.83	44.07	47.93	39.3
Total Debt / Total Capital	34.2	31.9	30.59	32.4	28.21
LT Debt/Equity	45.26	37.2	35.45	35.8	25.32
Long-Term Debt / Total Capital	29.78	25.33	24.61	24.2	18.17
Total Liabilities / Total Assets	84.07	85.21	85.67	85.97	85.75
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	12.46	27.58	-8.23	-0.78	14.36
Gross Profit, 1 Yr. Growth %	12.29	29.2	-8.81	-1.07	14.87
Earnings From Cont. Operations, 1 Yr. Growth %	11.89	63.83	-19.72	-21.09	39.97
Net Income, 1 Yr. Growth %	12.28	63.83	-19.72	-21.09	39.97
Normalized Net Income, 1 Yr. Growth %	8.34	59.14	-15.9	-19.14	29.79
Diluted EPS Before Extra, 1 Yr. Growth %	13.66	60.1	-20.12	-19.55	46.03
Common Equity, 1 Yr. Growth %	12.07	17.45	6.75	-0.73	8.51
Total Assets, 1 Yr. Growth %	8.1	27.99	9.24	1.43	5.75
Tangible Book Value, 1 Yr. Growth %	22.16	21.59	10.07	-3.76	12.92
Cash From Operations, 1 Yr. Growth %	165.1	-47.52	32.72	-56.86	-1.78
Capital Expenditures, 1 Yr. Growth %	-53.54	156.5	-56.25	-36.87	41.97
Dividend Per Share, 1 Yr. Growth %	12.5	33.33	100	20	16.67
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	11.21	19.41	8.26	-4.58	6.52
Gross Profit, 2 Yr. CAGR %	11.28	20.04	8.6	-5.02	6.6
Earnings From Cont. Operations, 2 Yr. CAGR %	13.05	35.39	14.68	-20.41	5.1
Net Income, 2 Yr. CAGR %	13.05	35.63	14.68	-20.41	5.1
Normalized Net Income, 2 Yr. CAGR %	11.14	30.87	15.68	-17.54	2.44
Diluted EPS Before Extra, 2 Yr. CAGR %	14.92	34.9	13.09	-19.84	8.39
Common Equity, 2 Yr. CAGR %	10.79	14.73	11.97	2.94	3.79
Total Assets, 2 Yr. CAGR %	4.16	17.62	18.24	5.26	3.57
Tangible Book Value, 2 Yr. CAGR %	13.04	21.88	15.69	1.83	4.25
Cash From Operations, 2 Yr. CAGR %	77.15	17.95	-16.54	-24.33	-34.91
Capital Expenditures, 2 Yr. CAGR %	-17.66	9.17	5.93	-47.44	-5.33
Dividend Per Share, 2 Yr. CAGR %	18.59	22.47	63.3	54.92	18.32
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.31	16.42	9.41	5.16	1.36
Gross Profit, 3 Yr. CAGR %	8.36	16.96	9.57	5.28	1.2
Earnings From Cont. Operations, 3 Yr. CAGR %	40.16	27.93	13.74	1.25	-3.93
Net Income, 3 Yr. CAGR %	40.16	27.93	13.88	1.25	-3.93
Normalized Net Income, 3 Yr. CAGR %	36.23	27.08	12.93	2.67	-4.08
Diluted EPS Before Extra, 3 Yr. CAGR %	42.86	28.35	13.28	0.95	-2.1
Common Equity, 3 Yr. CAGR %	10.95	12.96	12	7.56	4.76
Total Assets, 3 Yr. CAGR %	7.55	11.57	14.76	12.35	5.42
Tangible Book Value, 3 Yr. CAGR %	13.39	15.82	17.81	8.03	5.4
Cash From Operations, 3 Yr. CAGR %	34.7	18.09	22.68	-33.02	-17.46
Capital Expenditures, 3 Yr. CAGR %	37.51	20.25	-19.51	-10.85	-26.81
Dividend Per Share, 3 Yr. CAGR %	50.01	23.31	44.22	47.36	40.95
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.78	12.99	8.29	7.54	8.25
Gross Profit, 5 Yr. CAGR %	10.13	13.57	8.46	7.64	8.37
Earnings From Cont. Operations, 5 Yr. CAGR %	40.38	58.86	29.35	5.81	10.2
Net Income, 5 Yr. CAGR %	40.38	58.86	29.35	5.81	10.28
Normalized Net Income, 5 Yr. CAGR %	32.74	41.28	28.71	6.89	8.61
Diluted EPS Before Extra, 5 Yr. CAGR %	39.53	58.46	30.11	6.32	11.3
Common Equity, 5 Yr. CAGR %	8.24	10.94	11.36	8.84	8.64
Total Assets, 5 Yr. CAGR %	14.83	12.22	11.71	9	10.14
Tangible Book Value, 5 Yr. CAGR %	9.48	13.9	14.3	10.01	11.7
Cash From Operations, 5 Yr. CAGR %	44.72	14.59	11.23	-1.17	-4.79
Capital Expenditures, 5 Yr. CAGR %	0.99	46.16	23.88	-13.64	-14.11
Dividend Per Share, 5 Yr. CAGR %	-	-	55.19	35.1	33.24