Financial Performance - Net revenues for Q4 2025 reached $1,560,579, a 14.4% increase from $1,364,682 in Q4 2024[3] - Net income for Q4 2025 was $264,361, reflecting an 8.3% increase compared to $244,005 in Q4 2024[5] - Earnings per diluted common share increased to $2.39 in Q4 2025, up 9.6% from $2.18 in Q4 2024[3] - Total revenues for the year ended 2025 were $6,347,533, a 6.7% increase from $5,951,686 in 2024[5] - Non-GAAP net revenues for Q4 2025 reached $1,560,593, a 14.4% increase from $1,364,721 in Q4 2024[7] - Non-GAAP net income available to common shareholders was $290,012, reflecting a 16.1% increase compared to $249,710 in Q4 2024[7] - GAAP net revenues for Q4 2025 were $1,560,579, an increase from $1,364,682 in Q4 2024, representing a growth of 14.4%[33] - Non-GAAP net revenues for the year ended December 31, 2025, reached $5,529,824, up from $4,971,051 in 2024, indicating a year-over-year increase of 11.2%[33] Expenses and Costs - Compensation and benefits expenses rose to $925,154 in Q4 2025, a 16.3% increase from $795,750 in Q4 2024[5] - Total operating expenses increased by 14.0% to $1,252,670 in Q4 2025 from $1,098,481 in Q4 2024[9] - GAAP compensation and benefits expense for Q4 2025 was $925,154, compared to $795,750 in Q4 2024, reflecting a rise of 16.3%[33] - Non-GAAP compensation and benefits expense for the year was $3,207,308, compared to $2,883,398 in 2024, marking a growth of 11.2%[33] - Non-GAAP non-compensation operating expenses for the year were $1,333,824, up from $1,087,672 in 2024, representing a growth of 22.6%[33] Revenue Sources - Capital raising revenues surged by 55.3% to $177,868 in Q4 2025 compared to $114,507 in Q4 2024[5] - Advisory revenues increased by 46.4% to $277,988 in Q4 2025 from $189,912 in Q4 2024[5] - The Institutional Group segment saw a significant revenue increase of 27.5% to $609,703 in Q4 2025, up from $478,335 in Q4 2024[9] - Net revenues for the Institutional Group rose by 27.5% to $609,703 thousand, driven by a 56.4% increase in capital raising revenues to $170,915 thousand[21] - Advisory revenues surged by 45.7% to $276,607 thousand, contributing to a total investment banking revenue increase of 49.6% to $447,522 thousand[21] Assets and Equity - Total assets as of December 31, 2025, were $41,270,782, a 3.4% increase from $39,895,540 as of December 31, 2024[11] - Total shareholders' equity increased by 5.1% to $5,977,317 as of December 31, 2025, from $5,686,770 in the previous year[11] - Total assets for Stifel Bancorp reached $32,253,991 thousand, reflecting a 2.8% increase from the previous year[23] - Total shareholder's equity for Stifel Bancorp increased by 5.1% to $2,244,781 thousand[23] Tax and Returns - The effective tax rate for Q4 2025 was 14.1%, up from 8.3% in Q4 2024[11] - The company reported a return on average common equity (ROCE) of 22.3% for Q4 2025, compared to 20.7% in Q4 2024, an increase of 1.6 percentage points[36] - The return on common equity improved to 19.5% in Q4 2025, compared to 18.9% in Q4 2024[11] Client and Loan Metrics - Total client assets reached $551,863,000, reflecting a 10.1% growth compared to $501,402,000 in 2024[17] - Total loans, net, increased by 5.2% to $22,427,456 thousand, with residential real estate loans growing by 8.1% to $9,254,939 thousand[23] - Total loans and lending commitments reached $27,985,327, with an allowance for credit losses (ACL) of $160,911, representing an ACL percentage of 0.57%[27] - Nonperforming assets decreased by 22.2% to $125,159 thousand, representing 0.39% of total assets[23] Future Outlook - The company anticipates continued growth in market opportunities and business prospects, although specific numerical guidance was not provided[37] - The company plans to focus on capital raising and advisory revenues as part of its growth strategy moving forward[36]

ST. LOUIS, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported net revenues of $1.56 billion for the three months ended December 31, 2025, compared with $1.36 billion a year ago. Net income available to common shareholders was $255.0 million, or $2.31 per diluted common share, compared with $234.7 million, or $2.09 per diluted common share for the fourth quarter of 2024. Non-GAAP net income available to common shareholders was $290.0 million, or $2.63 per diluted common share ...

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Core Viewpoint - Stifel Financial Corp. announced a three-for-two stock split and an increase in its common stock dividend, reflecting strong market performance and growth prospects [1][2][3]. Stock Split Details - The Board of Directors declared a three-for-two stock split in the form of a 50% stock dividend, effective February 26, 2026, for shareholders of record as of February 12, 2026 [1]. - Post-split, the company will have approximately 155 million shares outstanding, up from about 103 million [1]. Dividend Information - A cash dividend of $0.51 per share was declared, representing an 11% increase, marking the ninth consecutive annual increase in the common stock dividend [2]. - Following the stock split, the quarterly dividend for 2026 will equate to $0.34 per common share [2]. Management Commentary - The Chairman & CEO of Stifel Financial Corp. stated that the stock split and dividend increase are intended to reward existing and long-term investors, reflecting the board's confidence in the company's ability to drive long-term shareholder value [3]. Preferred Stock Dividends - The Board also declared cash dividends for its Series B, C, and D Non-Cumulative Perpetual Preferred Stocks, payable on March 16, 2026, to shareholders of record on March 2, 2026 [4]. - The declared cash dividends are approximately $0.390625 per share for Series B, $0.3828125 per share for Series C, and $0.281250 per share for Series D [4]. Company Overview - Stifel Financial Corp. is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services [5]. - Founded in 1890 and headquartered in St. Louis, Missouri, the firm operates over 400 offices across the United States and in major global financial centers [5].

Core Viewpoint - Stifel Financial Corp. is set to release its fourth quarter and full year 2025 financial results on January 28, 2026, before market opening, followed by a conference call to discuss the results [1]. Group 1: Financial Results Announcement - The financial results will be released before the market opens on January 28, 2026 [1]. - A conference call will be held at 9:30 a.m. Eastern time on the same day to review the results [1]. Group 2: Conference Call Details - Interested parties can listen to the call by dialing (800) 330-6710 and referencing participant ID 7359166 [2]. - A live audio webcast and a presentation highlighting the results will be available on Stifel's website [2]. - A replay of the call will be accessible approximately one hour after the call concludes [2]. Group 3: Company Overview - Stifel Financial Corp. is a diversified financial services firm offering wealth management, commercial and investment banking, trading, and research services [3]. - The company was founded in 1890 and is headquartered in St. Louis, Missouri, operating over 400 offices in the U.S. and major global financial centers [3]. - Stifel aims to transform opportunities into achievements for both retail and institutional clients [3].

Core Insights - 1919 Investment Counsel, LLC has announced the hiring of Philip G. Bickel and Josefa A. Palma as Principals and Portfolio Managers in the New York office [1][2] Company Overview - 1919 Investment Counsel manages approximately $26.0 billion in assets as of December 31, 2025, including $3.2 billion in responsible investing strategies [5] - The firm serves a diverse client base, including individuals, families, corporations, foundations, charitable trusts, and educational institutions [5] - 1919 has a long-standing reputation for delivering personalized client experiences since its founding in 1919 and has been recognized as one of the top registered investment advisory firms by Barron's, Forbes, and Financial Advisor Magazine [5][6] New Hires - Philip G. Bickel brings over 14 years of experience in investment management, specializing in customized portfolio solutions for high-net-worth and institutional clients [3] - Josefa A. Palma also has over 14 years of experience in investment management and client advisory, having co-chaired the Global Equity Fund Strategy Investment Committee at her previous firm [4] - Both new hires are expected to enhance the firm's ability to deliver tailored investment portfolios aligned with clients' long-term wealth objectives [2][5]

Core Viewpoint - Stifel Financial (SF) is highlighted as a strong candidate for investors due to its consistent performance in beating earnings estimates and its favorable positioning for future earnings reports [1]. Earnings Performance - Stifel has a proven track record of exceeding earnings estimates, with an average surprise of 4.52% over the last two quarters [2]. - In the last reported quarter, Stifel achieved earnings of $1.95 per share, surpassing the Zacks Consensus Estimate of $1.85 per share by 5.41% [3]. - For the previous quarter, the company reported earnings of $1.71 per share against an expectation of $1.65 per share, resulting in a surprise of 3.64% [3]. Earnings Estimates and Predictions - Recent changes in earnings estimates for Stifel have been favorable, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [6]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced positive surprises nearly 70% of the time [7]. - Stifel currently has an Earnings ESP of +1.22%, suggesting that analysts are optimistic about the company's earnings prospects [9]. Importance of Earnings ESP - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [8]. - A positive Earnings ESP combined with a Zacks Rank of 2 (Buy) indicates a high probability of another earnings beat for Stifel [9]. - It is crucial for investors to check a company's Earnings ESP prior to quarterly releases to enhance the chances of successful investment decisions [10].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Stifel Financial (SF) - Stifel Financial currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [3] - The company has a Zacks Rank of 2 (Buy), which is associated with a history of outperforming the market [4] Price Performance - Over the past week, SF shares increased by 1.48%, outperforming the Zacks Financial - Investment Bank industry, which rose by 0.84% [6] - In the last month, SF's price change was 2.59%, compared to the industry's 2.09% [6] - Over the past quarter, SF shares have risen by 17.31%, and over the last year, they are up 25.43%, while the S&P 500 has only moved 6.77% and 21.08%, respectively [7] Trading Volume - SF's average 20-day trading volume is 649,518 shares, which serves as a baseline for price-to-volume analysis [8] Earnings Outlook - In the past two months, one earnings estimate for SF has increased, while none have decreased, raising the consensus estimate from $7.40 to $7.41 [10] - For the next fiscal year, one estimate has moved upwards with no downward revisions during the same period [10] Conclusion - Given the strong momentum indicators and positive earnings outlook, SF is positioned as a solid momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [12]

Core Viewpoint - The market is experiencing a consolidation phase with potential for both upward and downward movements, influenced by price earnings ratios and economic conditions [3]. Market Predictions - The S&P 500 is projected to range between 6,500 and 7,500, with current levels near 7,000, indicating optimism but also caution regarding big tech cyclical growth [2][3]. Investment Opportunities - Defensive sectors such as waste management and food, beverage, and tobacco are seen as potential hedges against big tech exposure, with specific companies like Republic Services and Philip Morris highlighted [4]. - Healthcare and biotech are expected to benefit significantly from AI advancements, providing a defensive mode around their products [5]. - Growth opportunities are identified in software, which appears more favorable compared to other internet names [5]. Economic Insights - Capital spending on AI has been crucial in supporting the economy, particularly in 2025, amidst concerns of a K-shaped economy that is politically unsustainable [6][7]. - The consumer sector, accounting for approximately 68% of GDP, is under scrutiny, with capital expenditures and AI potentially counterbalancing consumer weaknesses [6]. - Unemployment trends are being monitored as indicators of broader economic health, with implications for inflation risks [7][8].

Core Insights - Starbucks is planning to close five more stores in New York City, continuing a trend that began in the fall, with rival Luckin Coffee eyeing these locations for potential expansion [1][5][6] - The closures are attributed to leases not being renewed, following a significant reduction of 34 stores in September due to six consecutive quarters of declining sales [2][5][15] - Luckin Coffee has opened nine stores in NYC within seven months and is actively negotiating for more locations, potentially quadrupling its presence in the city [5][6][13] Company Actions - Starbucks has closed a total of 42 stores in New York City over the year, marking the highest number of closures among chain retailers in the US [12][15] - The company is undergoing a $1 billion restructuring plan, which includes closing 400 stores nationwide and laying off 900 corporate staff [15] - Starbucks is focusing on reopening select locations, such as a shop at 1585 Broadway, but no new openings are planned beyond this [9] Market Dynamics - The abrupt closures of Starbucks stores have significantly impacted the real estate market, as the chain was previously considered a desirable tenant [11][12] - The closures reflect a broader trend where Starbucks has reduced its NYC store count by about 20% since 2019, from 351 to 286 stores [15] - The shift in consumer behavior post-COVID, with fewer customers visiting stores regularly, has contributed to the decline in profitability for many locations [16]