Exhibit 99.2 Second Quarter 2025 Earnings Results | (Unaudited, 000s, except | | | | Three Months Ended | | | | Six Months Ended | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | per share information) | | 6/30/2025 | 6/30/2024 | % Change | 3/31/2025 | % Change | 6/30/2025 | 6/30/2024 | % Change | | Revenues: | | | | | | | | | | | Commissions | | $ 200,669 | $ 183,317 | 9.5% | $ 193,670 | 3.6% | $ 394,339 | $ 368,793 | 6.9% | | Principal transactions | | 172,603 | 153,574 | 12.4% | 141,660 ...

ST. LOUIS, July 30, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported net revenues of $1.3 billion for the three months ended June 30, 2025, compared with $1.2 billion a year ago. Net income available to common shareholders was $145.7 million, or $1.34 per diluted common share, compared with $156.0 million, or $1.41 per diluted common share for the second quarter of 2024. Non-GAAP net income available to common shareholders was $185.6 million, or $1.71 per diluted common share for th ...

Group 1: Gold Market Performance - Gold has significantly outperformed the S&P 500 in 2025, with SPDR Gold Trust (GLD) gaining 27% compared to 8% for SPDR S&P 500 ETF Trust (SPY) [1] - The current environment of global instability and skepticism around fiat currencies has led to increased demand for gold as a safe-haven asset [1] Group 2: Drivers of Gold's Strength - Central bank demand, particularly from BRICS nations and emerging economies, is a key driver of gold's strength, contributing to record levels of sovereign gold purchases [2] - Geopolitical tensions, including the Russia-Ukraine war and U.S.-China relations, are further supporting gold's appeal as a hedge against instability [3][4] Group 3: Gold Miners' Profitability - Analysts forecast record profit margins for gold producers in Q2, with average all-in sustaining cost (AISC) margins of approximately $1,740 per ounce for senior producers and $1,535 per ounce for mid-tier producers, reflecting quarterly gains of 28% and 20% respectively [5] - Despite ongoing cost pressures, mining companies are benefiting from stabilizing inflation and declining fuel prices, which have eased operating costs [6] Group 4: Future Outlook for Gold Prices - The sharp rally in gold prices, which increased by over $400 on average during Q2, is expected to drive higher profitability and set the stage for record-breaking margins across the sector [7] - Technical indicators suggest a bullish outlook for gold prices, with the 50-day moving average at 3344.9 and the 200-day moving average at 3,028.2 [9] Group 5: Investment Opportunities - Gold ETFs and mining ETFs present attractive entry points for investors, with several gold mining ETFs recently hitting 52-week highs [11]

Core Viewpoint - Stifel Financial Corp. is set to release its second quarter financial results on July 30, 2025, and will host a conference call to discuss these results [1][2]. Group 1: Financial Results Announcement - Stifel Financial Corp. will announce its second quarter financial results before the market opens on July 30, 2025 [1]. - A conference call will be held at 9:30 a.m. Eastern time on the same day to review the results [1]. - The conference call may include forward-looking statements [1]. Group 2: Conference Call Details - Interested parties can listen to the call by dialing (866) 409-1555 and referencing participant ID 2769458 [2]. - A live audio webcast and a presentation highlighting the company's results will be available on Stifel's website [2]. - A replay of the broadcast will be accessible approximately one hour after the call concludes [2]. Group 3: Company Overview - Stifel Financial Corp. is a financial services holding company based in St. Louis, Missouri, operating through several wholly owned subsidiaries [3]. - The company provides a range of services including securities brokerage, investment banking, trading, investment advisory, and related financial services [3]. - Stifel serves clients in the U.S., Canada, the U.K., and Europe through various broker-dealer affiliates and offers consumer and commercial lending solutions [3].

Core Insights - Stifel Financial Corp. has been ranked No. 1 in employee advisor satisfaction among wealth management firms for the third consecutive year according to the J.D. Power 2025 U.S. Financial Advisor Satisfaction Study [1][2] - The overall score for Stifel was 819 out of 1,000, which is 214 points higher than the employee segment average and an increase of 52 points from the previous year [2] - Stifel also ranked first in five individual categories: compensation, leadership and culture, operational support, products and marketing, and technology [2][3] Company Overview - Stifel Financial Corp. is a financial services holding company based in St. Louis, Missouri, providing banking, securities, and financial services through various wholly owned subsidiaries [4] - The company serves broker-dealer clients in the U.S. and Europe, offering services such as securities brokerage, investment banking, trading, and investment advisory [4] - As of June 30, 2025, Stifel has approximately 2,340 advisors managing around $517 billion in client assets [3]

Core Viewpoint - Stifel Financial (SF) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the consensus outlook suggesting a potential impact on its near-term stock price depending on actual results compared to estimates [1][2]. Earnings Expectations - The upcoming earnings report is expected to show quarterly earnings of $1.65 per share, reflecting a year-over-year increase of 3.1%, and revenues are projected to be $1.25 billion, up 2.3% from the previous year [3]. - The consensus EPS estimate has been revised 2.17% lower in the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Stifel matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, suggesting no recent differing analyst views [12]. - Stifel currently holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [12]. Historical Performance - In the last reported quarter, Stifel was expected to post earnings of $1.61 per share but only achieved $0.49, resulting in a surprise of -69.57% [13]. - Over the past four quarters, Stifel has beaten consensus EPS estimates twice [14]. Conclusion - Stifel does not appear to be a strong candidate for an earnings beat, and investors should consider other factors when deciding to invest in the stock ahead of the earnings release [17].

Core Insights - Stifel Financial Corp. (SF) reported significant year-over-year growth in client and fee-based assets as of May 31, 2025, despite equity market volatility [1][5]. Summary by Category Operating Results - Total client assets increased by 8% year-over-year and 3% month-over-month in May 2025, reaching $501.4 million, driven by market appreciation and successful recruitment of financial advisors [2][8]. - Fee-based client assets rose by 13% year-over-year and 4% sequentially to $199.1 million in May 2025 [2][8]. - Private Client Group's fee-based client assets were $173.6 million, up 12% from the previous year and 5% from the prior month [3]. Lending Activities - Net bank loans, including loans held for sale, were $21.2 million, reflecting a 7% year-over-year increase but a 2% decrease sequentially [3][5]. Client Balances - Client money market and insured product balances decreased by 2% year-over-year and nearly 1% sequentially in May, attributed to a lower Smart rate balance and a slight decline in Sweep deposit balances [4][5]. Investment Banking - Investment banking activity was negatively impacted by market volatility in April, but improved as the market stabilized, leading to a stronger investment banking pipeline throughout the quarter [6]. - Investment banking revenue is expected to decrease by 10% year-over-year in Q2 2025, although management remains cautiously optimistic for the full year [6][8]. Market Performance - Stifel shares increased by 25.5% over the past year, underperforming the industry average rise of 40.6% [7].

Core Insights - Stifel Financial Corp. reported selected operating results for May 31, 2025, highlighting key performance metrics for investors [1] - The company experienced a 3% increase in total client assets and a 4% increase in fee-based assets due to recruiting and market appreciation [2] - Investment banking activity faced challenges due to increased market volatility in April, with an anticipated revenue decline of approximately 10% from Q2 2024, although there is cautious optimism for the full year 2025 [2] Selected Operating Data - Total client assets reached $501,357 million, an 8% increase from $465,959 million in May 2024 and a 3% increase from $485,551 million in April 2025 [2] - Fee-based client assets increased to $199,078 million, reflecting a 13% rise from $176,461 million in May 2024 and a 4% increase from $190,545 million in April 2025 [2] - Private Client Group fee-based client assets were $173,557 million, up 12% from $154,544 million in May 2024 and 5% from $166,029 million in April 2025 [2] - Net bank loans amounted to $21,204 million, a 7% increase from $19,822 million in May 2024, but a 2% decrease from $21,536 million in April 2025 [2] - Client money market and insured product levels decreased to $25,827 million, down 2% from $26,230 million in May 2024 and 1% from $26,073 million in April 2025 [2]

Core Insights - Stifel Financial Corp. has signed Olympic gold medalist Kristen Faulkner as its newest brand ambassador, enhancing its brand image and commitment to excellence [1][2] - Faulkner's background in venture capital and her achievements in cycling align with Stifel's values of resilience and ambition, making her a fitting representative for the firm [1][3] Company Overview - Stifel Financial Corp. is a financial services holding company based in St. Louis, Missouri, providing a range of services including banking, securities, and financial services through various subsidiaries [5] - The company serves clients in the United States and internationally, offering services such as securities brokerage, investment banking, and financial advisory [5] Brand Ambassador Role - As a brand ambassador, Faulkner will engage in initiatives promoting financial wellness and community outreach, representing Stifel at key events and in marketing campaigns [2][3] - Faulkner joins a distinguished group of athletes already serving as Stifel ambassadors, which includes notable figures from various sports [3] Partnerships and Sponsorships - Stifel is a partner of several sports teams and events, including the Stifel U.S. Ski Team and the St. Louis Cardinals, indicating a strong commitment to sports and community engagement [4]

Core Insights - Keefe, Bruyette & Woods, Inc. announces index rebalancing for the second quarter of 2025, specifically affecting the KBW Nasdaq Premium Yield Equity REIT Index [1][2] - The rebalancing will take effect before the market opens on June 23, 2025, with SITE Centers Corp. being dropped from the index [2] Company Overview - KBW is a leading independent authority in the financial services sector, established in 1962, and is a wholly owned subsidiary of Stifel Financial Corp. [4] - The firm specializes in research, corporate finance, mergers and acquisitions, as well as sales and trading in equities securities of financial services companies [4]