Stifel Financial Corp. (NYSE:SF) Q1 2025 Earnings Conference Call April 23, 2025 9:30 AM ET Company Participants Joel Jeffrey - Head, Investor Relations Ron Kruszewski - Chairman & Chief Executive Officer Jim Marischen - Chief Financial Officer Conference Call Participants Devin Ryan - Citizens Mike Brown - Wells Fargo Securities Alex Blostein - Goldman Sachs Steven Chubak - Wolfe Research Bill Katz - TD Cowen Chris Allen - Citi Operator Good day, and welcome to the Stifel Financial First Quarter 2025 Finan ...

First Quarter 2025 Financial Results Presentation April 23, 2025 Quarterly Earnings Report First Quarter Snapshot 1Q25 RESULTS millions, except per share and ratios NET REVENUE 1Q25: GAAP & NON-GAAP $1,255 ANNUALIZED ROTCE* 1Q25:GAAP 5.0% & NON-GAAP 6.2% BOOK VALUE PER SHARE TBV $33.31 BV $47.08 * Please see our definition of ROTCE in our first quarter 2025 earnings release NET EARNINGS 1Q25: GAAP $44 & NON-GAAP $54 EPS 1Q25: GAAP $0.39 & NON-GAAP $0.49 ANNUALIZED ROCE 1Q25:GAAP 3.5% & NON-GAAP 4.4% Record ...

Stifel Financial (SF) came out with quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $1.61 per share. This compares to earnings of $1.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -69.57%. A quarter ago, it was expected that this brokerage and investment banking firm would post earnings of $1.97 per share when it actually produced earnings of $2.23, delivering a surprise of 13.20%.Over the la ...

Financial Performance - Net revenues for Q1 2025 were $1,255,469, a 7.9% increase from $1,163,038 in Q1 2024, but an 8.0% decrease from $1,364,682 in Q4 2024[5] - Net income for Q1 2025 was $52,992, representing a 67.6% decline from $163,575 in Q1 2024 and a 78.3% decline from $244,005 in Q4 2024[7] - Earnings per diluted common share decreased to $0.47, down 68.2% from $1.48 in Q1 2024 and down 78.4% from $2.18 in Q4 2024[5] - Total revenues for Q1 2025 were $1,469,026, a 3.6% increase from $1,417,693 in Q1 2024, but a 7.8% decrease from $1,592,872 in Q4 2024[7] - Total net revenues for the three months ended March 31, 2025, were $1,255,469,000, representing a 7.9% increase from $1,163,038,000 in the same period last year[11] - GAAP net revenues for Q1 2025 were $1,255,469,000, up from $1,163,038,000 in Q1 2024[36] - Non-GAAP net revenues for Q1 2025 were $1,255,455,000, compared to $1,163,038,000 in the same period last year[36] Expenses and Losses - Compensation and benefits expenses rose to $732,220, a 7.7% increase from $679,695 in Q1 2024[9] - Total non-interest expenses increased by 26.2% to $1,192,105 from $944,347 in Q1 2024[9] - Operating expenses rose by 26.2% to $1,192,105,000, up from $944,347,000 in the previous year[11] - Provision for credit losses increased significantly by 128.2% to $12,020 compared to $5,268 in Q1 2024[9] - Income before income taxes decreased significantly by 71.0% to $63,364,000 from $218,691,000 in Q1 2024[11] Revenue Growth Areas - Advisory revenues grew by 15.3% to $137,470 in Q1 2025 compared to $119,252 in Q1 2024[9] - Global Wealth Management revenues increased by 7.6% to $850,559,000 compared to $790,500,000 in Q1 2024[17] - Net revenues for the Institutional Group rose to $384,929 million, reflecting a 9.5% increase from the same quarter last year[23] Assets and Capital - Total assets as of March 31, 2025, were $40,383,727,000, a 5.6% increase from $38,258,280,000 year-over-year[13] - Common equity tier 1 capital increased by 7.8% to $3,478,477,000 compared to $3,225,964,000 in Q1 2024[15] - Total client assets reached $485,860,000,000, reflecting a 3.9% increase from $467,697,000,000 in the previous year[19] - Total assets for Stifel Bancorp reached $32,100,614 million, a 7.7% increase year-over-year[25] - Total loans, net, increased to $21,241,400 million, representing a 9.0% growth compared to the previous year[25] Tax and Equity - The effective tax rate for the quarter was 16.4%, down from 25.2% in Q1 2024[13] - The return on common equity dropped to 3.5% from 13.5% in Q1 2024[13] - The company reported a return on average common equity (ROCE) of 6.1% for Q1 2025[36] Deposits and Wealth Management - Total Stifel Bancorp deposits increased to $29,639 million, a 7.6% increase year-over-year[21] - Direct Wealth Management deposits at Stifel Bancorp surged by 119.9% to $387 million compared to the previous year[21] - Total Wealth Management Cash increased by 11.7% to $41,529 million compared to the previous year[21] Credit Quality - Nonperforming assets as a percentage of total assets rose to 0.50% from 0.20% year-over-year[25] - The allowance for credit losses was $170,266 million, representing a 3.9% increase year-over-year[25] Interest Income and Expenses - Consolidated net interest income for Q1 2025 was $262.0 million, with a net interest margin of 2.97%[32] - Total interest-bearing assets increased to $35,263.7 million, generating interest income of $475.6 million, reflecting a yield of 5.40%[32] - Total loans reached $21,485.8 million, with interest income of $305.0 million, resulting in a yield of 5.68%[34] - Total interest-bearing liabilities amounted to $30,693.1 million, with interest expense of $213.6 million, yielding 2.78%[32] Future Outlook - Future business prospects include potential market expansion and new product development initiatives[41] - The Company emphasizes that all forward-looking statements are subject to risks and uncertainties that could lead to actual results differing materially from those expressed[42] - The Company prepares its financial statements in accordance with U.S. GAAP but may disclose non-GAAP financial measures for greater transparency[43] - The financial supplement contains important financial, statistical, and business-related information that should be read alongside the first quarter earnings release issued on April 23, 2025[44]

ST. LOUIS, April 23, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported net revenues of $1.26 billion for the three months ended March 31, 2025, compared with $1.16 billion a year ago. Net income available to common shareholders was $43.7 million, or $0.39 per diluted common share, compared with $154.3 million, or $1.40 per diluted common share for the first quarter of 2024. Non-GAAP net income available to common shareholders was $54.2 million, or $0.49 per diluted common share for t ...

ST. LOUIS, April 16, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) will release its first quarter financial results before the market opens on Wednesday, April 23, 2025. The company will host a conference call to review the results at 9:30 a.m. Eastern time that same day. The conference call may include forward-looking statements. All interested parties are invited to listen to Stifel Chairman and CEO Ronald J. Kruszewski by dialing (866) 409-1555 and referencing participant ID 2769458. A live ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Stifel Financial (SF) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stoc ...

Group 1 - Stifel Financial Corp. has completed the acquisition of 36 B. Riley employee advisors, which brings total assets under management to approximately $4 billion [1] - The acquisition is part of Stifel's strategy to expand its Global Wealth Management business, which recorded a record annual revenue of $3.3 billion in 2024 [1] - Stifel's Global Wealth Management business manages over $500 billion in total client assets and has been ranked No. 1 in overall employee-advisor satisfaction for two consecutive years according to J.D. Power [1] Group 2 - Stifel Financial Corp. is a financial services holding company based in St. Louis, Missouri, providing a range of services through its wholly owned subsidiaries [2] - The company serves broker-dealer clients in the U.S. through various divisions, offering services such as securities brokerage, investment banking, and investment advisory [2] - Stifel Bank and Stifel Bank & Trust provide consumer and commercial lending solutions, while Stifel Trust Company offers trust and related services [2]

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ST. LOUIS, March 27, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) today reported selected operating results for February 28, 2025 in an effort to provide timely information to investors on certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed. Ronald J. Kruszewski, Chairman and Chief Executive Officer, said, "Total client assets under management increased 11% in February to $506 billion and fee-based client assets ros ...