STAMFORD, Conn., Oct. 29, 2025 (GLOBE NEWSWIRE) -- Eaton Partners (“Eaton”), one of the largest placement agents and fund advisory firms and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), is pleased to have served as the exclusive placement agent for Formentera Partners, LP (“Formentera”), a leading energy-focused private equity firm that acquires and optimizes onshore producing oil and gas assets and strategically develops assets under management. Formentera’s third flagship fund, Formen ...

Stifel Financial posted record client assets and revenue for the third quarter, even as advisor recruitment slowed relative to the first half of the year. The St. Louis-based firm's wealth management division ended the third quarter with record net revenue, up nearly 10% year over year to $907 million. That growth was driven primarily by asset management revenue, up 13% from the previous year to $431 million. "What was once primarily transactional is now largely fee-based. … That shift has made our earni ...

Rod, also the incoming 2026 chair of the Securities Industry and Financial Markets Association. It's great to have you back, Ron. >> It's great to be here.Great. I love coming down to the floor and I need to come down here more often. So, it's great to be here. >> It's nice to have you in the building.So, we were just talking about the environment on credit overall in terms of markets, capital markets. How you feeling. >> Look, it's a the uh the markets are are very very active, very brilliant.It's uh I'm l ...

Financial Data and Key Metrics Changes - The company achieved record net revenue of over $1,400,000,000, representing a 17% year-over-year growth [4][12] - Earnings per share reached a record $1.95, up 30% from the previous year [12] - Return on tangible common equity exceeded 24% [4] Business Line Data and Key Metrics Changes - Global Wealth Management reported record revenue of $907,000,000 with pretax margins of nearly 38% [13] - Institutional revenue was $500,000,000, up 34% from the prior year, with investment banking revenue increasing by 33% [16][12] - Fee-related businesses now account for 62% of total revenue, up from 26% in 2011 [9] Market Data and Key Metrics Changes - The S&P 500 is up approximately 15% this year and over 35% from its lows following the Liberation Day tariffs [5] - Gold and silver have outperformed equities this year, indicating a search for stability among investors [6] Company Strategy and Development Direction - The company continues to focus on balanced growth between wealth management and institutional segments, maintaining a revenue mix of approximately 64% wealth and 36% institutional [8] - Future milestones include achieving $10,000,000,000 in annual revenue and $1,000,000,000,000 in client assets [9] - The company emphasizes a disciplined approach to capital allocation, including stock buybacks and strategic acquisitions [66] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the operating environment, citing lower taxes, reduced regulatory burdens, and increased capital spending [5] - The investment banking pipeline is at record levels, with strong visibility into future revenues [23] - Management acknowledged potential challenges from the government shutdown affecting IPOs but remains confident in the overall market outlook [34] Other Important Information - The company has maintained a strong balance sheet with a Tier one leverage capital ratio of 11.1% and a Tier one risk-based capital ratio of 17.6% [20] - The compensation ratio was consistent with guidance at 58% [12] Q&A Session Summary Question: Insights on investment banking pipeline and revenue upside - Management noted a strong investment banking pipeline and indicated that the current run rate is not at the 2021 peak but capabilities have improved [30][32] Question: Credit market position and loan book exposure - Management reassured that Stifel is not a regional bank and has a diversified revenue model, with a focus on low-risk lending categories [40][42] Question: Incremental margin improvement in institutional group - Management indicated potential for 10 points of margin improvement, translating to significant free cash flow [56][60] Question: Capital allocation strategy moving forward - Management emphasized that capital allocation will depend on opportunities for risk-adjusted returns, including dividends, stock buybacks, and potential acquisitions [66][68] Question: Trends in advisory business and sponsor activity - Management reported strength in advisory across all sectors, with a positive outlook for the fourth quarter and 2026 [101][102]

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Financial Performance Highlights - Net revenue for 3Q25 reached $1429 million, with Year-To-Date (YTD) revenue at $3969 million[4] - GAAP net earnings for 3Q25 were $202 million ($1.84 EPS), and non-GAAP net earnings were $214 million ($1.95 EPS)[4] - Year-to-date GAAP net earnings reached $391 million ($3.56 EPS), while non-GAAP net earnings were $454 million ($4.13 EPS)[4] - The company's book value per share is $49.74, with a tangible book value per share of $34.99[4] Global Wealth Management (GWM) - GWM net revenue for 3Q25 was $907 million, a 10% increase year-over-year[15] - Transactional revenue within GWM reached $203 million, up 5% year-over-year[20] - Asset management revenue in GWM was $431 million, a 13% increase year-over-year[20] - Total client assets in GWM reached $544010 million, a 10% increase year-over-year[22] Institutional Group - Institutional Group revenue for 3Q25 was $500 million, a 34% increase year-over-year[15] - Advisory revenue within the Institutional Group was $179 million, up 31% year-over-year[36] - Capital raising revenue in the Institutional Group was $138 million, a 38% increase year-over-year[36] Expenses and Capital - Compensation expense for 3Q25 was $829 million, a 17% increase year-over-year[43] - Non-compensation expense for 3Q25 was $298 million, a 7% increase year-over-year[43]

Stifel Financial (SF) came out with quarterly earnings of $1.95 per share, beating the Zacks Consensus Estimate of $1.85 per share. This compares to earnings of $1.5 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +5.41%. A quarter ago, it was expected that this brokerage and investment banking firm would post earnings of $1.65 per share when it actually produced earnings of $1.71, delivering a surprise of +3.64%.Over the last ...

Exhibit 99.2 Third Quarter 2025 Earnings Results | Quarterly Financial Supplement | Page | | --- | --- | | Consolidated Financial Highlights | 2 | | GAAP Consolidated Results of Operations | 3 | | Non-GAAP Condensed Consolidated Results of Operations | 4 | | Consolidated Financial Summary | 5 | | Consolidated Financial Information and Metrics | 6 | | Regulatory Capital | 7 | | Global Wealth Management - Summary Results of Operations | 8 | | Global Wealth Management - Statistical Information | 9 | | Institut ...

Core Insights - Stifel Financial Corp. reported record net revenues of $1.4 billion for Q3 2025, a 16.7% increase from $1.2 billion in Q3 2024, with net income available to common shareholders rising to $202.1 million or $1.84 per diluted share, compared to $149.2 million or $1.34 per diluted share in the same quarter last year [1][5][39] Financial Performance - The company achieved non-GAAP net income of $214.4 million, or $1.95 per diluted share for Q3 2025, up from $166.3 million or $1.50 per diluted share in Q3 2024 [5][41] - Total client assets reached a record $544.0 billion, reflecting a 10% increase year-over-year [5][14] - The pre-tax margin improved to 21.2% for Q3 2025, compared to 19.2% in Q3 2024 [4][41] Revenue Breakdown - Investment banking revenues increased by 34% year-over-year, with capital raising revenues up 36% and advisory revenues up 31% [5][25] - Global Wealth Management reported net revenues of $907.4 million, a 9.7% increase from $827.1 million in Q3 2024, with pre-tax net income rising to $342.7 million from $301.7 million [8][39] - Institutional Group net revenues were $500.4 million, a 34% increase from $372.4 million in Q3 2024, with pre-tax net income increasing to $89.3 million from $41.8 million [17][39] Operational Highlights - The company recruited 33 financial advisors during the quarter, contributing to a trailing 12-month production of $18.9 million [5][14] - Compensation expense as a percentage of net revenues remained stable at 58.8% for Q3 2025, compared to 58.6% in Q3 2024 [4][43] - The company repurchased $31.2 million of its common stock during the quarter, with a quarterly dividend of $0.46 declared [33][39] Market Position - Stifel's Chairman and CEO expressed optimism about future opportunities, citing record investment banking pipelines and client assets [2][5] - The company maintains a strong capital position with a Tier 1 common capital ratio of 14.8% [28][39]

Core Viewpoint - Stifel Financial Corp. is set to release its third quarter financial results on October 22, 2025, before market opening, followed by a conference call to discuss the results [1][2]. Company Information - Stifel Financial Corp. is a financial services holding company based in St. Louis, Missouri, operating through various wholly owned subsidiaries [3]. - The company provides a range of services including securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities [3]. - Stifel operates in the United States through Stifel, Nicolaus & Company, and has a presence in Canada and Europe through its respective subsidiaries [3]. Conference Call Details - The conference call will be hosted by Stifel Chairman and CEO Ronald J. Kruszewski at 9:30 a.m. Eastern time on the same day as the financial results release [2]. - Interested parties can join the call by dialing (866) 409-1555 and using participant ID 2769458, with a live audio webcast available on Stifel's website [2]. - A replay of the conference call will be accessible approximately one hour after its conclusion [2].