Financial Performance - Stifel Financial reported quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $1.61 per share, and down from $1.49 per share a year ago, representing an earnings surprise of -69.57% [1] - The company posted revenues of $1.26 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 0.50%, compared to $1.16 billion in the same quarter last year [2] - Over the last four quarters, Stifel has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Performance - Stifel shares have declined approximately 18.9% since the beginning of the year, while the S&P 500 has decreased by -10.1% [3] - The current Zacks Rank for Stifel is 4 (Sell), indicating expectations for the stock to underperform the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.76 on revenues of $1.29 billion, and for the current fiscal year, it is $7.22 on revenues of $5.24 billion [7] - The estimate revisions trend for Stifel is currently unfavorable, which may change following the recent earnings report [6] Industry Context - The Financial - Investment Bank industry, to which Stifel belongs, is currently ranked in the bottom 29% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Stifel's stock performance [5]

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 ...

Core Viewpoint - Stifel Financial Corp. is set to release its first quarter financial results on April 23, 2025, and will host a conference call to discuss these 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, Canada, the United Kingdom, and Europe through its various divisions and affiliates [3]. Conference Call Details - The conference call will take place at 9:30 a.m. Eastern time on April 23, 2025, and will include forward-looking statements [1]. - Interested parties can join the call by dialing (866) 409-1555 and using participant ID 2769458 [2]. - A live audio webcast and a presentation of the results will be available on Stifel's website, with a replay accessible one hour after the call [2].

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 ...

Siegmann Brings Extensive Industry & Investment Experience to StifelST. LOUIS, March 10, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today appointed Jonathan Siegmann as Managing Director of Equity Research, covering the aerospace and defense industry. He will be based in the firm’s Boston office. Most recently, Mr. Siegmann was engaged in the new space industry and served as Senior Vice President of Corporate Development at Terran Orbital Corporation (NYSE: LLAP). At Terran Orbital, he led t ...

ST. LOUIS, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Stifel (NYSE: SF), the official team naming partner of the Stifel U.S. Alpine Ski Team, is proud to celebrate the 100th career World Cup victory for Mikaela Shiffrin this past weekend as she captured first place in slalom in Sestriere, Italy, by supporting her efforts to raise $100,000 for the Share Winter Foundation. Shiffrin broke the all-time record for World Cup wins (86) back in March 2023 and has continued to build on that incredible record before notching ...