Stifel Reports February 2026 Operating Data

Core Insights - Stifel Financial Corp. reported selected operating results for February 28, 2026, highlighting key performance metrics and indicating that a direct correlation to earnings should not be assumed [1] Group 1: Financial Performance - Total client assets reached $557.714 billion, a 10% increase year-over-year from $506.475 billion [2] - Fee-based client assets increased by 16% year-over-year to $228.012 billion, up from $196.380 billion [2] - Private Client Group fee-based client assets also rose by 16% year-over-year to $199.191 billion, compared to $171.760 billion [2] - Bank loans, net, increased by 5% year-over-year to $22.348 billion from $21.201 billion [2] - Client money market and insured products decreased by 6% year-over-year to $26.030 billion from $27.737 billion [2] - Treasury deposits surged by 73% year-over-year to $9.584 billion from $5.557 billion [2] Group 2: Business Developments - The sale of Stifel Independent Advisors, LLC was completed on February 2, 2026, impacting the reported client assets [2][6] - Excluding the assets related to the sale, total client assets and fee-based client assets increased by 12% and 19% year-over-year, respectively, driven by equity market appreciation and strong advisor recruiting [2] - Despite market volatility, investment banking activity in the first quarter of 2026 is expected to increase by 30%–40% compared to the first quarter of 2025 [2]