Stifel Financial Corp
(NYSE:SF)

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, rest of Europe, and Canada. Th...

Website: http://www.stifel.com

Founded: 1890

Full Time Employees: 8,205

Sector: Financial Services

Industry: Capital Markets

Financial Services

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At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

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Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31

revenues:
commissions	213,204,000	206,075,000	200,669,000	193,670,000	203,786,000	183,445,000	183,317,000	185,476,000	173,614,000	165,075,000	165,358,000	169,550,000	168,945,000	159,054,000	186,681,000	195,909,000	211,068,000	189,239,000	195,579,000	213,614,000	199,847,000	172,654,000	177,028,000	211,098,000	183,144,000	163,920,000	164,981,000	155,449,000	167,039,000	158,016,000	166,902,000	165,775,000	168,754,000	162,612,000	172,264,000	175,274,000	178,683,000	171,272,000	182,104,000	197,930,000	187,287,000	194,083,000	183,771,000	180,302,000	210,669,000	151,621,000	152,712,000	159,416,000	152,451,000	145,837,000	157,168,000	148,648,000	134,280,000	127,966,000	127,427,000	123,303,000	123,737,000	143,243,000
principal transactions	153,198,000	177,876,000	172,603,000	141,660,000	174,887,000	137,089,000	153,574,000	139,014,000	154,377,000	114,841,000	105,700,000	115,522,000	125,781,000	118,379,000	125,603,000	159,270,000	144,584,000	118,977,000	152,597,000	165,006,000	142,737,000	140,883,000	166,017,000	138,666,000	106,408,000	97,847,000	96,464,000	104,032,000	81,460,000	83,152,000	88,984,000	97,782,000	97,256,000	87,010,000	95,703,000	116,857,000	111,052,000	117,002,000	126,426,000	120,948,000	107,525,000	95,593,000	85,542,000	100,205,000	48,308,000	109,378,000	125,676,000	126,461,000	118,815,000	122,583,000	111,448,000	107,244,000	97,708,000	102,979,000	91,564,000	116,233,000	93,963,000	76,650,000	92,492,000	68,182,000	65,674,000	66,937,000
investment banking	455,856,000	323,483,000	233,460,000	237,942,000	304,419,000	243,182,000	233,281,000	213,949,000	205,664,000	146,887,000	166,825,000	211,879,000	223,706,000	221,858,000	271,075,000	254,846,000	477,371,000	372,279,000	376,443,000	339,288,000	337,671,000	218,134,000	217,035,000	179,468,000	277,174,000	198,790,000	179,617,000	161,840,000	201,233,000	169,012,000	161,063,000	176,362,000	232,746,000	181,904,000	185,261,000	126,852,000	134,452,000	144,799,000	133,125,000	100,658,000	102,750,000	118,753,000	161,007,000	125,089,000	184,723,000	120,147,000	141,515,000	132,304,000	158,861,000	92,851,000	122,114,000	78,379,000	75,846,000	72,938,000	67,363,000	70,438,000	56,075,000	37,673,000	15,775,000	25,156,000	20,935,000	21,844,000
asset management	455,797,000	431,399,000	403,608,000	409,541,000	405,825,000	382,616,000	380,757,000	367,476,000	330,536,000	333,127,000	320,264,000	315,569,000	289,462,000	300,557,000	331,264,000	341,636,000
interest	469,377,000	481,504,000	477,056,000	475,632,000	500,661,000	510,823,000	498,152,000	506,828,000	516,213,000	505,198,000	482,770,000	451,564,000	416,731,000	304,195,000	212,754,000	165,435,000	145,425,000	141,844,000	133,591,000	127,540,000	119,876,000	114,411,000	128,368,000	161,177,000	167,087,000	178,784,000	187,940,000	191,071,000	184,534,000	169,760,000	154,421,000	137,734,000	126,615,000	117,862,000	108,951,000	100,953,000	90,844,000	74,881,000	65,780,000	62,786,000	49,137,000	43,376,000	43,852,000	42,736,000	44,934,000	52,096,000	46,113,000	42,826,000	40,710,000	39,130,000	32,933,000	29,845,000	30,032,000	27,306,000	27,181,000	25,257,000	25,220,000	24,161,000	10,973,000	12,819,000	12,667,000	13,689,000
other income	5,424,000	14,228,000	3,690,000	10,581,000	3,294,000	18,705,000	16,180,000	4,950,000	9,687,000	459,000	894,000	-2,293,000	11,862,000	852,000	-1,917,000	8,888,000	14,496,000	18,760,000	13,235,000	25,634,000	24,366,000	20,258,000	21,514,000	9,207,000	17,917,000	8,747,000	13,505,000	12,209,000	6,996,000	6,127,000	9,073,000	3,357,000	12,016,000	9,558,000	7,198,000	8,752,000	12,994,000	9,209,000	17,405,000	7,231,000	17,753,000	18,930,000	13,741,000	11,800,000	-3,960,000	4,803,000	8,742,000	5,200,000	19,390,000	13,063,000	11,670,000	20,212,000	19,597,000	31,922,000	5,418,000	13,294,000	8,379,000	540,000
total revenues	1,752,856,000	1,634,565,000	1,491,086,000	1,469,026,000	1,592,872,000	1,475,860,000	1,465,261,000	1,417,693,000	1,390,091,000	1,265,587,000	1,241,811,000	1,261,791,000	1,236,487,000	1,104,895,000	1,125,460,000	1,125,984,000	1,311,582,000	1,154,961,000	1,167,314,000	1,149,229,000	1,074,425,000	897,122,000	908,901,000	937,391,000	975,699,000	865,716,000	853,678,000	819,868,000	851,325,000	786,810,000	780,011,000	776,811,000	823,950,000	738,794,000	742,291,000	691,427,000	677,509,000	661,369,000	669,407,000	634,085,000	593,771,000	601,371,000	607,849,000	574,001,000	590,636,000	534,683,000	568,989,000	555,377,000	574,155,000	490,174,000	511,421,000	453,240,000	426,434,000	425,992,000	384,264,000	409,343,000	363,294,000	340,520,000	233,756,000	223,829,000	214,020,000	217,242,000
yoy	10.04%	10.75%	1.76%	3.62%	14.59%	16.61%	17.99%	12.36%	12.42%	14.54%	10.34%	12.06%	-5.73%	-4.33%	-3.59%	-2.02%	22.07%	28.74%	28.43%	22.60%	10.12%	3.63%	6.47%	14.33%	14.61%	10.03%	9.44%	5.54%	3.32%	6.50%	5.08%	12.35%	21.61%	11.71%	10.89%	9.04%	14.10%	9.98%	10.13%	10.47%	0.53%	12.47%	6.83%	3.35%	2.87%	9.08%	11.26%	22.53%	34.64%	15.07%	33.09%	10.72%	17.38%	25.10%	64.39%	82.88%	69.75%	56.75%
qoq	7.24%	9.62%	1.50%	-7.78%	7.93%	0.72%	3.36%	1.99%	9.84%	1.91%	-1.58%	2.05%	11.91%	-1.83%	-0.05%	-14.15%	13.56%	-1.06%	1.57%	6.96%	19.76%	-1.30%	-3.04%	-3.93%	12.70%	1.41%	4.12%	-3.70%	8.20%	0.87%	0.41%	-5.72%	11.53%	-0.47%	7.36%	2.05%	2.44%	-1.20%	5.57%	6.79%	-1.26%	-1.07%	5.90%	-2.82%	10.46%	-6.03%	2.45%	-3.27%	17.13%	-4.15%	12.84%	6.29%	0.10%	10.86%	-6.13%	12.68%	6.69%	45.67%	4.44%	4.58%	-1.48%
interest expense	192,277,000	205,169,000	206,800,000	213,557,000	228,190,000	251,192,000	247,329,000	254,655,000	243,712,000	220,536,000	191,090,000	154,998,000	114,840,000	59,756,000	17,334,000	9,457,000	7,357,000	10,023,000	14,178,000	14,440,000	14,515,000	13,822,000	13,084,000	24,357,000	31,448,000	44,144,000	52,891,000	49,448,000	57,876,000	48,468,000	37,279,000	26,453,000	19,865,000	17,625,000	16,644,000	15,896,000	16,118,000	19,383,000	17,262,000	14,111,000	12,485,000	9,796,000	10,098,000	13,019,000	12,560,000	11,228,000	8,842,000	8,631,000	11,630,000	11,535,000	12,685,000	11,460,000	8,604,000	5,912,000	9,857,000	9,010,000	6,416,000	6,306,000
net revenues	1,560,579,000	1,429,396,000	1,284,286,000	1,255,469,000	1,364,682,000	1,224,668,000	1,217,932,000	1,163,038,000	1,146,379,000	1,045,051,000	1,050,721,000	1,106,793,000	1,121,647,000	1,045,139,000	1,108,126,000	1,116,527,000	1,304,225,000	1,144,938,000	1,153,136,000	1,134,789,000	1,059,910,000	883,300,000	895,817,000	913,034,000	944,251,000	821,572,000	800,787,000	770,420,000	793,449,000	738,342,000	742,732,000	750,358,000	804,085,000	721,169,000	725,647,000	675,531,000	661,391,000	641,986,000	652,145,000	619,974,000	581,286,000	591,575,000	597,751,000	560,982,000	578,076,000	523,455,000	560,147,000	546,746,000	562,525,000	478,639,000	498,736,000	441,780,000	417,830,000	420,080,000	374,407,000	400,333,000	356,878,000	334,214,000	230,986,000	218,923,000	208,951,000	211,477,000
non-interest expenses:
compensation and benefits	925,154,000	839,820,000	774,936,000	732,220,000	795,750,000	718,065,000	722,719,000	679,695,000	674,437,000	613,287,000	615,667,000	651,190,000	647,962,000	611,870,000	652,709,000	673,691,000	757,948,000	672,385,000	692,054,000	697,914,000	621,344,000	533,638,000	547,174,000	577,179,000	566,981,000	486,160,000	466,861,000	458,114,000	448,375,000	422,324,000	442,170,000	457,893,000	620,256,000	448,410,000	453,876,000	436,387,000	420,644,000	434,236,000	460,023,000	411,113,000	398,966,000	404,205,000	409,998,000	355,693,000	370,454,000	331,440,000	355,267,000	346,771,000	353,207,000	326,020,000	321,331,000	315,727,000	262,213,000	267,652,000	239,374,000	254,704,000	228,743,000	210,573,000
occupancy and equipment rental	100,242,000	95,601,000	95,678,000	90,766,000	94,213,000	89,625,000	89,852,000	88,712,000	88,182,000	84,396,000	84,604,000	82,140,000	80,740,000	77,230,000	78,251,000	77,026,000	75,080,000	72,160,000	70,971,000	72,032,000	73,729,000	68,598,000	66,264,000	66,073,000	64,327,000	58,649,000	61,055,000	58,862,000	57,158,000	54,035,000	53,596,000	57,595,000	54,844,000	57,427,000	57,892,000	52,545,000	52,869,000	62,453,000	58,746,000	57,255,000	61,667,000	53,282,000	48,346,000	44,170,000	43,930,000	41,611,000	42,967,000	40,532,000	42,178,000	41,288,000	41,821,000	34,048,000	34,075,000	33,061,000	32,320,000	30,791,000	31,967,000	30,914,000
communications and office supplies	50,061,000	48,893,000	47,847,000	49,513,000	49,965,000	48,869,000	48,181,000	47,367,000	47,332,000	46,215,000	44,969,000	46,136,000	45,209,000	43,825,000	43,645,000	42,456,000	41,925,000	40,432,000	41,308,000	41,825,000	40,443,000	40,123,000	43,046,000	41,124,000	39,845,000	36,817,000	35,069,000	35,697,000	36,786,000	33,330,000	36,639,000	33,499,000	30,807,000	34,650,000	34,192,000	33,844,000	34,376,000	31,182,000	37,426,000	36,660,000	34,652,000	35,678,000	31,114,000	29,234,000	28,775,000	27,464,000	25,869,000	24,818,000	25,692,000	26,122,000	25,936,000	22,979,000	19,795,000	19,976,000	20,797,000	20,373,000	19,391,000	18,838,000	12,734,000	11,192,000	9,748,000	11,947,000
commissions and floor brokerage	16,417,000	15,807,000	17,146,000	16,806,000	16,434,000	16,239,000	14,383,000	15,767,000	15,379,000	14,413,000	14,112,000	14,440,000	13,183,000	13,576,000	15,106,000	15,887,000	15,257,000	14,744,000	13,977,000	15,703,000	12,687,000	13,254,000	15,177,000	14,842,000	11,505,000	10,542,000	11,008,000	10,956,000	11,169,000	11,338,000	10,095,000	9,365,000	10,945,000	11,232,000	11,232,000	10,723,000	9,662,000	10,777,000	12,145,000	11,732,000	10,895,000	12,430,000	9,124,000	10,069,000	8,308,000	9,971,000	9,248,000	9,028,000	8,448,000	10,150,000	10,031,000	9,058,000	7,480,000	8,031,000	7,747,000	7,612,000	6,097,000	7,400,000	4,972,000	4,348,000	3,486,000	481,000
benefit from credit losses	7,166,000	8,316,000					2,954,000		2,263,000	9,992,000	7,824,000		6,028,000	6,453,000		8,240,000	4,062,000	-660,000	-9,652,000				19,210,000
other operating expenses	151,056,000	134,913,000	126,531,000	290,780,000	130,226,000	129,925,000	112,949,000	107,538,000	112,791,000	167,319,000	102,160,000	98,084,000	94,828,000	86,416,000	87,089,000	72,118,000	91,291,000	89,375,000	80,453,000	84,675,000	77,006,000	70,647,000	61,986,000	79,732,000	99,000,000	78,650,000	78,812,000	68,982,000	84,030,000	76,785,000	81,885,000	72,452,000	88,053,000	61,311,000	85,257,000	63,013,000	88,946,000	75,356,000	68,012,000	59,301,000	64,024,000	63,632,000	61,098,000	51,750,000	57,232,000	47,203,000	49,273,000	47,469,000	55,012,000	44,051,000	48,419,000	36,622,000	33,200,000	29,683,000	30,295,000	27,599,000	25,654,000	27,466,000	25,958,000	14,800,000	14,762,000	13,378,000
total non-interest expenses	1,252,670,000	1,143,350,000	1,070,466,000	1,192,105,000	1,098,481,000	1,008,010,000	991,038,000	944,347,000	940,384,000	935,622,000	869,336,000	896,910,000	887,950,000	839,370,000	889,585,000	889,418,000	985,563,000	888,436,000	889,111,000	906,897,000	825,209,000	724,907,000	752,857,000	797,928,000	781,658,000	670,818,000	652,805,000	632,611,000	637,518,000	597,812,000	624,385,000	630,804,000	804,905,000	613,030,000	642,449,000	596,512,000	606,497,000	614,004,000	636,352,000	576,061,000	570,204,000	569,227,000	559,680,000	490,916,000	508,699,000	457,689,000	482,624,000	468,618,000	484,537,000	447,631,000	447,538,000	418,434,000	356,763,000	358,403,000	330,533,000	341,079,000	311,852,000	295,191,000	204,386,000	197,829,000	188,801,000	187,552,000
income from operations before income tax expense	140,807,500	286,046,000	213,820,000	63,364,000	165,560,750	216,658,000	226,894,000	218,691,000	125,174,250	109,429,000	181,385,000	209,883,000	162,854,750	205,769,000	218,541,000	227,109,000	187,104,750	256,502,000	264,025,000	227,892,000	104,114,750	158,393,000	142,960,000	115,106,000	109,136,250	150,754,000	147,982,000	137,809,000	94,607,750	140,530,000	118,347,000	119,554,000	67,589,000	108,139,000	83,198,000	79,019,000	21,922,000	27,982,000	15,793,000	43,913,000
benefit from income taxes	35,953,000	74,675,000					61,600,000		43,511,000	41,268,000	47,033,000		57,076,000	54,600,000		53,560,000	57,272,000	64,126,000	65,948,000				35,073,000	28,517,000			38,225,000		41,869,000	36,672,000	31,060,000	30,793,000	1,168,000	41,603,000	30,387,000	13,507,000	28,014,000	10,168,000	6,022,000	16,858,000	-90,000	5,169,000	17,183,000	26,969,000	23,890,000	25,673,000	31,946,000	30,155,000	25,863,000	-43,921,000	21,763,000		16,546,500	23,967,000	17,738,000	24,481,000			10,554,000	8,317,000	7,818,000	9,578,000
net income	264,361,000	211,371,000	155,055,000	52,992,000	244,005,000	158,505,000	165,294,000	163,575,000	162,484,000	68,161,000	134,352,000	157,539,000	176,621,000	151,169,000	160,816,000	173,549,000	261,390,000	192,376,000	198,077,000	173,015,000	188,469,000	120,527,000	107,887,000	86,589,000	130,668,000	110,122,000	109,757,000	99,439,000	114,062,000	103,858,000	87,287,000	88,761,000	-1,988,000	66,536,000	52,811,000	65,512,000	26,880,000	17,814,000	9,771,000	27,055,000	11,172,000	17,179,000	20,888,000	43,097,000	45,181,000	39,903,000	43,601,000	47,382,000	48,268,000	69,690,000	29,435,000	14,619,000	39,954,000	37,710,000	26,136,000	34,773,000	27,016,000	22,304,000	16,046,000	12,777,000	12,332,000	14,347,000
yoy	8.34%	33.35%	-6.19%	-67.60%	50.17%	132.55%	23.03%	3.83%	-8.00%	-54.91%	-16.46%	-9.23%	-32.43%	-21.42%	-18.81%	0.31%	38.69%	59.61%	83.60%	99.81%	44.24%	9.45%	-1.70%	-12.92%	14.56%	6.03%	25.74%	12.03%	-5837.53%	56.09%	65.28%	35.49%	-107.40%	273.50%	440.49%	142.14%	140.60%	3.70%	-53.22%	-37.22%	-75.27%	-56.95%	-52.09%	-9.04%	-6.40%	-42.74%	48.13%	224.11%	20.81%	84.81%	12.62%	-57.96%	47.89%	69.07%	62.88%	172.15%	119.07%	55.46%
qoq	25.07%	36.32%	192.60%	-78.28%	53.94%	-4.11%	1.05%	0.67%	138.38%	-49.27%	-14.72%	-10.80%	16.84%	-6.00%	-7.34%	-33.61%	35.87%	-2.88%	14.49%	-8.20%	56.37%	11.72%	24.60%	-33.73%	18.66%	0.33%	10.38%	-12.82%	9.82%	18.98%	-1.66%	-4564.84%	-102.99%	25.99%	-19.39%	143.72%	50.89%	82.32%	-63.88%	142.17%	-34.97%	-17.76%	-51.53%	-4.61%	13.23%	-8.48%	-7.98%	-1.84%	-30.74%	136.76%	101.35%	-63.41%	5.95%	44.28%	-24.84%	28.71%	21.13%	39.00%	25.59%	3.61%	-14.04%
net income margin %	15.08%	12.93%	10.40%	3.61%	15.32%	10.74%	11.28%	11.54%	11.69%	5.39%	10.82%	12.49%	14.28%	13.68%	14.29%	15.41%	19.93%	16.66%	16.97%	15.05%	17.54%	13.43%	11.87%	9.24%	13.39%	12.72%	12.86%	12.13%	13.40%	13.20%	11.19%	11.43%	-0.24%	9.01%	7.11%	9.47%	3.97%	2.69%	1.46%	4.27%	1.88%	2.86%	3.44%	7.51%	7.65%	7.46%	7.66%	8.53%	8.41%	14.22%	5.76%	3.23%	9.37%	8.85%	6.80%	8.49%	7.44%	6.55%	6.86%	5.71%	5.76%	6.60%
preferred dividends	9,320,000	9,320,000	9,321,000	9,320,000	9,320,000	9,320,000	9,321,000	9,320,000	9,320,000	9,321,000	9,320,000	9,320,000	9,320,000	9,320,000	9,321,000	9,320,000	9,320,000	9,689,000	8,289,000	8,289,000	7,677,000	9,897,000	4,843,000	4,844,000	4,843,000	4,844,000	5,288,000	2,344,000	2,344,000	2,343,000	2,344,000	2,344,000	2,344,000	2,343,000	2,344,000	2,344,000	2,343,000	1,563,000
net income available to common shareholders	255,041,000	202,051,000	145,734,000	43,672,000	234,685,000	149,185,000	155,973,000	154,255,000	153,164,000	58,840,000	125,032,000	148,219,000	167,301,000	141,849,000	151,495,000	164,229,000	252,070,000	182,687,000	189,788,000	164,726,000	180,792,000	110,630,000	103,044,000	81,745,000	125,847,000	104,570,000	103,797,000	96,863,000	111,718,000	101,515,000	84,943,000	86,417,000	-4,332,000	64,193,000	50,467,000	63,168,000	24,537,000	16,251,000
earnings per common share:
basic	2,480	1,960	1,410	420	2,260	1,430	1,500	1,480	1,460	550	1,160	1,360	1,540	1,300	1,390	1,500	2,350	1,700	1,760	1,530	320	1,570	1,460	1,150	1,780	1,470	1,430	1,350	1,560	1,410	1,180	1,200	-70	940	740	920	197.5	240	150	400			310	620							460	240	750	700	490	650	520	430
diluted	2,310	1,840	1,340	390	2,090	1,340	1,410	1,400	1,370	520	1,100	1,280	1,430	1,210	1,290	1,390	2,120	1,540	1,600	1,400	260	1,460	1,390	1,070	1,620	1,340	1,310	1,220	1,380	1,250	1,040	1,060	-70	790	630	780	172.5	210	130	360			270	560							400	210	630	600	420	550	430	350
cash dividends declared per common share	460	460	460	460	420	420	420	420	360	360	360	360	300	300	300	300	150	150	150	150	-60	170	170	170	150	150	150	150	120	120	120	120
weighted-average number of common shares outstanding:
basic	103,497,000	103,119,000	103,349,000	104,764,000	104,066,000	103,966,000	104,150,000	104,275,000	106,661,000	106,068,000	107,944,000	108,754,000	108,848,000	108,767,000	109,083,000	109,205,000	107,536,000	107,379,000	107,837,000	107,746,000	106,174,000	70,627,000	70,527,000	71,286,000	71,998,000	71,197,000	72,519,000	71,700,000	71,786,000	71,919,000	71,692,000	71,999,000	68,562,000	68,522,000	68,556,000	68,386,000	66,871,000	66,482,000	66,792,000	67,579,000	68,543,000	69,633,000	68,370,000	68,006,000	66,472,000	66,691,000	66,302,000	66,037,000	63,568,000	64,706,000	64,505,000	60,054,000	53,563,000	53,601,000	53,569,000	53,243,000	52,418,000	52,367,000
diluted	110,052,000	110,058,000	108,847,000	110,635,000	110,975,000	110,994,000	110,285,000	109,985,000	113,453,000	113,195,000	113,864,000	115,390,000	117,540,000	117,218,000	117,400,000	118,140,000	118,530,000	118,475,000	118,602,000	117,875,000	114,573,000	75,850,000	74,387,000	76,619,000	78,585,000	78,144,000	79,079,000	79,210,000	81,321,000	81,484,000	81,299,000	81,789,000	81,035,000	80,881,000	80,021,000	80,695,000	77,563,000	77,544,000	75,982,000	76,086,000	78,554,000	79,759,000	77,856,000	77,359,000	76,376,000	76,681,000	75,641,000	75,691,000	73,504,000	75,191,000	74,090,000	69,189,000	62,937,000	63,054,000	62,678,000	62,669,000	63,058,000	63,152,000
provision for credit losses			8,328,000	12,020,000	11,893,000	5,287,000		5,268,000				4,920,000			12,785,000					-5,252,000	8,481,250	-1,353,000
provision for income taxes			58,765,000	10,372,000	22,196,000	58,153,000		55,116,000				52,344,000			57,725,000					54,877,000	25,364,000	37,866,000			31,925,000	40,632,000		38,370,000																								8,727,000
asset management and service fees																	221,969,500	313,862,000	295,869,000	278,147,000	249,928,000	230,782,000	198,939,000	237,775,000	223,969,000	217,628,000	211,171,000	195,267,000	210,063,000	200,743,000	199,568,000	195,801,000	186,563,000	179,848,000	172,914,000	162,739,000	149,484,000	144,206,000	144,567,000	144,532,000	129,319,000	130,636,000	119,936,000	113,869,000	105,962,000	96,638,000	94,231,000	89,170,000	83,928,000	76,710,000	76,088,000	68,912,000	68,971,000	62,881,000	65,311,000	60,818,000	55,920,000	58,253,000	29,346,000	30,336,000	29,966,000	30,278,000
net income applicable to non-controlling interests																									-22,000	708,000	672,000	232,000
net income applicable to stifel financial corp.																					188,469,000	120,527,000	107,887,000	86,589,000	130,690,000	109,414,000	109,085,000	99,207,000
benefit from loan losses																								18,978,000
revenues																																																											64,372,750	88,727,000	83,063,000	85,701,000
non-interest expenses																																																											110,257,000	150,203,000	144,795,000	146,030,000
earnings per common share
basic	2,480	1,960	1,410	420	2,260	1,430	1,500	1,480	1,460	550	1,160	1,360	1,540	1,300	1,390	1,500	2,350	1,700	1,760	1,530	320	1,570	1,460	1,150	1,780	1,470	1,430	1,350	1,560	1,410	1,180	1,200	-70	940	740	920	197.5	240	150	400			310	620							460	240	750	700	490	650	520	430
diluted	2,310	1,840	1,340	390	2,090	1,340	1,410	1,400	1,370	520	1,100	1,280	1,430	1,210	1,290	1,390	2,120	1,540	1,600	1,400	260	1,460	1,390	1,070	1,620	1,340	1,310	1,220	1,380	1,250	1,040	1,060	-70	790	630	780	172.5	210	130	360			270	560							400	210	630	600	420	550	430	350
weighted-average number of common shares outstanding
basic	103,497,000	103,119,000	103,349,000	104,764,000	104,066,000	103,966,000	104,150,000	104,275,000	106,661,000	106,068,000	107,944,000	108,754,000	108,848,000	108,767,000	109,083,000	109,205,000	107,536,000	107,379,000	107,837,000	107,746,000	106,174,000	70,627,000	70,527,000	71,286,000	71,998,000	71,197,000	72,519,000	71,700,000	71,786,000	71,919,000	71,692,000	71,999,000	68,562,000	68,522,000	68,556,000	68,386,000	66,871,000	66,482,000	66,792,000	67,579,000	68,543,000	69,633,000	68,370,000	68,006,000	66,472,000	66,691,000	66,302,000	66,037,000	63,568,000	64,706,000	64,505,000	60,054,000	53,563,000	53,601,000	53,569,000	53,243,000	52,418,000	52,367,000
diluted	110,052,000	110,058,000	108,847,000	110,635,000	110,975,000	110,994,000	110,285,000	109,985,000	113,453,000	113,195,000	113,864,000	115,390,000	117,540,000	117,218,000	117,400,000	118,140,000	118,530,000	118,475,000	118,602,000	117,875,000	114,573,000	75,850,000	74,387,000	76,619,000	78,585,000	78,144,000	79,079,000	79,210,000	81,321,000	81,484,000	81,299,000	81,789,000	81,035,000	80,881,000	80,021,000	80,695,000	77,563,000	77,544,000	75,982,000	76,086,000	78,554,000	79,759,000	77,856,000	77,359,000	76,376,000	76,681,000	75,641,000	75,691,000	73,504,000	75,191,000	74,090,000	69,189,000	62,937,000	63,054,000	62,678,000	62,669,000	63,058,000	63,152,000
income from continuing operations before income tax expense																																									11,082,000	22,348,000			69,377,000	65,766,000	77,523,000	78,128,000	77,988,000	31,008,000
income from continuing operations																																									11,172,000	17,179,000			45,487,000	40,093,000	45,577,000	47,973,000	52,125,000	74,929,000
discontinued operations:
income from discontinued operations, net of tax																																													-306,000	-190,000	-1,976,000	-591,000
earnings per basic common share																																									170	250			680	600	660	720	750	1,080
income from discontinued operations																																															-30	-10
earnings per diluted common share																																									140	220			590	520	580	630	640	930
income before income tax expense																																											38,071,000	70,066,000							51,198,000	23,346,000	61,067,000	61,677,000	43,874,000	59,254,000	23,395,500	39,023,000
earnings per basic common share:
earnings per diluted common share:
income/(loss) from discontinued operations, net of tax																																																	-1,759,250	-5,239,000
income/(loss) from discontinued operations																																																	-27.5	-80
provision for income taxes/																																																									9,116,000	16,719,000
in accordance with topic 260, “earnings per share,” earnings per diluted common share is calculated using the basic weighted-average number of common shares outstanding in periods a loss is incurred.
other																																																											1,571,000	-1,391,000	1,715,000	-1,207,000
less: interest expense																																																											3,935,000	4,906,000	5,069,000	5,765,000
income before income taxes																																																											26,600,000	21,094,000	20,150,000	23,925,000
earnings per common share and share equivalents*
earnings per common share and share equivalents
average common shares and share equivalents used in determining earnings per share:
basic shares outstanding																																																														15,517
diluted shares outstanding																																																														17,763

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2007-12-31

assets																																																											47,963,000
cash and cash equivalents	2,253,789,000	3,184,905,000	1,857,669,000	2,725,992,000	2,648,308,000	1,915,767,000	2,615,670,000	3,408,528,000	3,361,801,000	2,768,353,000	1,907,926,000	2,765,747,000	2,199,985,000	1,414,543,000	1,577,677,000	1,555,146,000	1,963,326,000	2,054,273,000	1,361,521,000	1,425,511,000	2,279,274,000	1,716,570,000	1,791,755,000		1,142,596,000	868,866,000	797,357,000	777,781,000		694,302,000	472,237,000			588,916,000	678,054,000	658,387,000	912,932,000	675,057,000	364,101,000		811,019,000	607,100,000	641,937,000	403,756,000	689,782,000	535,118,000	420,290,000	525,409,000	716,560,000	649,244,000	366,926,000	573,664,000	403,941,000					214,619,000
cash segregated for regulatory purposes	29,018,000	31,851,000	68,394,000	28,065,000	29,895,000	29,519,000	41,290,000	65,827,000	162,048,000	33,399,000	21,372,000	20,551,000	29,017,000	31,869,000	30,161,000	169,337,000	186,331,000	26,095,000	144,587,000	95,074,000	172,932,000	154,374,000	111,017,000		131,374,000	62,654,000	21,231,000	73,684,000		21,585,000	112,800,000			25,175,000	150,000	214,000	73,235,000	166,000	60,132,000		227,727,000	321,000	150,000	127,000	49,646,000	39,000	38,000	37,000	35,000	33,000	32,000	32,000	128,031,000					26,000
receivables:
brokerage clients	1,138,094,000	1,021,905,000	916,496,000	950,770,000	897,363,000	916,982,000	840,630,000	876,002,000	841,507,000	885,674,000	894,900,000	958,820,000	924,385,000	1,232,070,000	1,344,145,000	1,320,242,000	1,152,877,000	1,121,827,000	1,331,762,000	1,202,601,000	936,500,000	1,054,659,000	1,033,823,000		1,351,786,000	1,396,132,000	1,346,940,000	1,384,238,000		1,466,664,000	1,440,752,000			1,290,031,000	1,364,624,000	1,332,583,000	1,415,936,000	1,443,492,000	1,387,716,000		1,599,218,000	708,067,000	756,727,000	541,969,000	483,887,000	549,597,000	557,621,000	582,724,000	530,402,000	523,516,000	552,252,000	543,316,000	487,761,000					526,774,000
brokers, dealers, and clearing organizations	571,663,000	777,443,000	637,057,000	438,159,000	486,465,000	560,984,000	425,218,000	657,871,000	414,144,000	363,008,000	304,433,000	457,739,000	418,091,000	541,456,000	377,741,000	682,675,000	574,256,000	488,429,000	687,067,000	562,432,000	549,492,000	444,685,000	583,458,000		627,790,000	672,557,000	766,344,000	588,501,000		646,120,000	672,160,000			335,913,000	358,760,000	556,523,000	1,024,752,000	548,470,000	533,264,000		601,831,000	651,274,000	835,433,000	450,660,000	651,074,000	651,428,000	735,278,000	535,248,000	381,122,000	547,636,000	738,227,000	528,187,000	276,224,000					235,950,000
securities purchased under agreements to resell	564,162,000	525,621,000	637,530,000	642,850,000	528,976,000	665,067,000	439,539,000	451,056,000	349,849,000	412,367,000	542,582,000	549,215,000	348,162,000	541,840,000	608,051,000	807,664,000	579,866,000	598,535,000	622,930,000	470,025,000	217,930,000	436,860,000	446,766,000		385,008,000	624,049,000	596,572,000	568,034,000		622,361,000	566,041,000			458,335,000	478,091,000	318,848,000	248,588,000	297,827,000	293,766,000		160,423,000	88,467,000	242,944,000	198,612,000	55,078,000	125,513,000	222,209,000	294,263,000	225,075,000	168,182,000	125,223,000	156,341,000	158,695,000					121,004,000	13,245,000
financial instruments owned, at fair value	1,427,835,000	1,540,478,000	1,343,513,000	1,419,156,000	1,169,008,000	1,351,298,000	1,261,216,000	1,230,855,000	918,741,000	1,056,745,000	1,144,898,000	973,802,000	731,752,000	997,686,000	1,271,032,000	1,279,636,000	1,157,004,000	1,199,386,000	1,245,013,000	981,282,000	694,028,000	819,715,000	846,218,000		972,932,000	1,189,892,000	1,352,359,000	1,297,491,000		1,162,732,000	1,277,423,000			1,065,503,000	1,063,651,000	1,058,089,000	925,045,000	1,148,785,000	1,086,446,000		749,443,000	812,976,000	944,813,000	812,232,000	786,855,000	951,854,000	1,031,881,000	991,710,000	801,494,000
available-for-sale securities, at fair value	1,593,390,000	1,688,636,000	1,546,392,000	1,613,304,000	1,584,598,000	1,618,289,000	1,583,477,000	1,499,982,000	1,551,686,000	1,512,233,000	1,582,418,000	1,624,458,000	1,636,041,000	1,660,847,000	1,879,904,000	1,926,144,000	2,113,893,000	2,242,465,000	2,280,157,000	2,190,128,000	2,230,297,000	2,824,258,000	3,172,489,000		3,254,737,000	3,448,801,000	2,703,060,000	3,003,767,000		3,349,607,000	3,475,436,000			3,694,298,000	3,455,373,000	3,377,981,000	3,181,313,000	3,145,267,000	2,466,706,000		1,629,907,000	659,832,000	787,897,000	1,451,260,000	1,513,478,000	1,527,747,000	1,646,779,000	1,795,516,000	1,756,253,000	1,231,571,000	2,260,005,000	1,729,837,000	1,625,168,000					1,312,784,000	87,107,000
held-to-maturity securities, at amortized cost	6,549,054,000	6,458,002,000	6,584,925,000	6,716,753,000	6,524,954,000	6,613,793,000	6,059,267,000	5,793,750,000	5,888,798,000	5,900,379,000	5,951,482,000	5,984,822,000	5,990,451,000	5,991,450,000	5,883,448,000	5,316,296,000	5,348,558,000	5,347,821,000	4,987,612,000	4,761,401,000	4,117,384,000	3,397,713,000	3,085,790,000		2,856,219,000	2,881,484,000	3,960,714,000	4,103,562,000		4,565,453,000	4,519,985,000			3,554,765,000	3,307,970,000	3,189,767,000	3,038,405,000	2,241,203,000	2,119,888,000		1,855,399,000	1,095,793,000	1,125,426,000	1,154,738,000	1,177,565,000	1,199,364,000	1,274,765,000	1,294,853,000	1,312,115,000	1,723,482,000	702,027,000	716,273,000	708,008,000					159,132,000
loans:
held for investment	21,925,257,000	21,039,173,000	20,647,094,000	20,225,273,000	20,731,796,000	20,167,686,000	19,346,967,000	18,949,796,000	19,305,805,000	20,292,553,000	20,338,475,000	20,709,768,000	20,465,092,000	20,675,968,000	18,983,186,000	17,592,841,000	16,627,847,000	13,502,587,000	12,770,941,000	12,091,713,000	11,006,760,000	10,650,760,000	10,448,313,000		9,624,042,000	9,101,903,000	8,964,325,000	8,706,689,000
held for sale, at lower of cost or fair value	502,199,000	595,517,000
investments, at fair value	81,825,000	80,267,000	78,572,000	75,459,000	75,358,000	93,050,000	91,465,000	89,518,000	91,105,000	91,154,000	100,779,000	101,875,000	99,376,000	101,296,000	96,519,000	113,302,000	117,804,000	120,919,000	110,165,000	119,545,000	113,862,000	108,412,000	95,407,000		79,972,000	74,167,000	81,841,000	70,225,000		79,170,000	94,482,000			112,649,000	128,332,000	133,761,000	133,563,000	153,595,000	156,198,000		181,017,000	160,240,000	190,452,000	198,260,000	210,255,000	209,131,000	225,070,000	244,858,000	217,228,000	233,778,000	255,202,000	268,082,000	236,434,000
fixed assets	197,119,000	198,178,000	197,053,000	194,820,000	193,156,000	190,636,000	325,733,000	300,775,000	191,528,000	195,987,000	198,054,000	200,531,000	200,043,000	176,547,000	171,155,000	169,159,000	168,206,000	307,602,000	166,557,000	165,707,000	961,096,000	936,911,000	839,984,000		1,107,928,000	1,043,322,000	1,155,121,000	1,077,891,000		297,846,000	154,217,000			174,640,000	180,584,000	172,912,000	172,828,000	173,874,000	176,439,000		181,966,000	183,020,000	159,365,000	137,865,000	124,246,000	126,007,000	119,991,000	120,973,000	106,446,000	124,765,000	148,815,000	148,886,000	141,403,000					84,643,000
operating lease right-of-use assets	788,477,000	794,443,000	814,952,000	786,314,000	809,174,000	812,659,000	821,895,000	804,130,000	778,216,000	786,496,000	732,150,000	748,507,000	775,949,000	772,348,000	762,789,000	759,574,000	750,734,000	756,885,000	763,793,000	774,837,000
goodwill	1,463,858,000	1,482,342,000	1,478,887,000	1,395,215,000	1,395,218,000	1,394,091,000	1,388,411,000	1,388,306,000	1,388,243,000	1,399,129,000	1,382,412,000	1,380,211,000	1,326,548,000	1,319,963,000	1,309,292,000	1,309,292,000	1,306,892,000	1,182,313,000	1,182,313,000	1,182,313,000	1,181,998,000	1,181,998,000	1,180,702,000		1,194,074,000	1,158,123,000	1,056,357,000	1,056,111,000		1,025,714,000	984,483,000			968,609,000	969,764,000	977,729,000	962,282,000	989,126,000	975,921,000		915,602,000	884,793,000	886,011,000	801,246,000	795,026,000	762,305,000	737,994,000	730,392,000	727,336,000	742,654,000	743,585,000	730,006,000	419,393,000					309,519,000	91,886,000
intangible assets	108,045,000	110,381,000	115,455,000	108,143,000	113,574,000	117,167,000	121,231,000	127,282,000	133,279,000	127,443,000	127,019,000	132,189,000	130,589,000	134,569,000	134,866,000	140,627,000	148,157,000	127,725,000	132,505,000	136,776,000	140,984,000	145,472,000	149,841,000		161,773,000	116,438,000	119,727,000	123,830,000		118,923,000	115,810,000			112,019,000	115,253,000	113,323,000	116,304,000	92,638,000	95,188,000		63,177,000	58,479,000	60,758,000	52,621,000	54,563,000	41,797,000	43,355,000	45,078,000	49,889,000	28,078,000	29,396,000	31,085,000	28,967,000					30,566,000
loans and advances to financial advisors and other employees	744,635,000	750,755,000	746,007,000	670,553,000	682,196,000	702,810,000	727,105,000	732,945,000	683,486,000	678,059,000	663,987,000	659,737,000	654,112,000	661,254,000	673,079,000	666,675,000	653,955,000	607,552,000	593,879,000	600,622,000	596,993,000	582,105,000	543,279,000		525,332,000	488,355,000	470,900,000	437,728,000		383,477,000	374,471,000			376,429,000	386,110,000	396,305,000	396,318,000	407,233,000	414,573,000		401,293,000	247,555,000	250,512,000	192,416,000	197,757,000	186,582,000	189,696,000	181,182,000	184,458,000	189,769,000	179,563,000	175,711,000	179,284,000					170,203,000
deferred tax assets	151,204,000	191,032,000	185,167,000	174,443,000	152,378,000	156,439,000	145,971,000	127,263,000	121,522,000	198,424,000	162,411,000	138,331,000	159,207,000	169,624,000	147,107,000	109,830,000	111,283,000	179,715,000	118,023,000	95,015,000	136,477,000	107,775,000	101,072,000		104,380,000	111,108,000	101,935,000	105,388,000		116,880,000	108,305,000			204,658,000	133,603,000	203,630,000	225,453,000	254,587,000	229,383,000		285,127,000	268,157,000	258,157,000	204,337,000	258,142,000	234,173,000	218,888,000	200,142,000	243,554,000	291,566,000	206,190,000	181,885,000	124,576,000					179,410,000
other assets	1,181,158,000	1,216,431,000	1,203,724,000	1,202,331,000	1,294,143,000	1,162,528,000	1,101,389,000	1,219,801,000	1,121,703,000	1,033,557,000	1,018,924,000	965,985,000	950,412,000	953,806,000	937,613,000	853,831,000	881,011,000	800,095,000	851,922,000	956,078,000	716,999,000	705,440,000	719,412,000		700,589,000	657,596,000	685,303,000	664,423,000		693,162,000	681,585,000			572,727,000	613,487,000	574,568,000	482,624,000	459,596,000	455,692,000		339,330,000	344,118,000	394,643,000	330,326,000	283,438,000	254,008,000	274,551,000	245,422,000	239,172,000	266,524,000	302,728,000	369,865,000	249,392,000					204,565,000	80,933,000
total assets	41,270,782,000	41,687,360,000	39,859,653,000	40,383,727,000	39,895,540,000	38,934,504,000	37,809,278,000	38,258,280,000	37,727,460,000	37,877,577,000	37,298,239,000	38,597,653,000	37,196,124,000	37,612,063,000	36,476,441,000	35,087,698,000	34,049,715,000	30,820,334,000	29,744,764,000	28,141,581,000	26,604,254,000	25,549,182,000	25,624,225,000	17,560,949,000	24,610,225,000	24,160,777,000	24,343,597,000	24,183,559,000	16,084,970,000	23,760,048,000	22,608,169,000	15,220,536,000	13,905,308,000	20,484,080,000	19,533,575,000	19,135,892,000	19,129,356,000	17,204,908,000	15,385,602,000	7,651,322,000	13,335,915,000	9,359,179,000	10,139,542,000	9,373,137,000	9,518,151,000	9,326,117,000	9,575,012,000	9,387,814,000	9,008,870,000	8,709,459,000	8,493,191,000	8,133,755,000	6,966,140,000	3,140,054,000	2,778,157,000	2,462,238,000	1,995,115,000	4,942,364,000	1,499,440,000
liabilities
payables:
drafts	142,916,000	102,241,000	106,723,000	87,755,000	126,770,000	134,430,000	78,713,000	107,539,000	117,688,000	77,432,000	86,148,000	80,329,000	102,212,000	70,453,000	80,969,000	89,228,000	122,617,000	85,889,000	84,888,000	78,146,000	117,737,000	90,698,000	90,321,000		119,758,000	84,815,000	93,384,000	100,624,000		91,639,000	66,353,000			77,362,000	59,938,000	83,429,000	94,451,000	59,909,000	56,914,000		183,857,000	69,516,000	59,579,000	54,841,000	75,198,000	58,589,000	68,549,000	70,024,000	74,710,000	55,151,000	56,851,000	58,315,000	90,433,000					45,377,000
securities sold under agreements to repurchase	651,236,000	747,301,000	719,432,000	684,561,000	580,170,000	657,984,000	594,820,000	426,659,000	417,644,000	408,950,000	318,321,000	429,726,000	212,011,000	257,759,000	350,206,000	530,195,000	385,528,000	195,451,000	407,246,000	208,228,000	190,955,000	182,271,000	219,888,000		391,634,000	564,892,000	762,282,000	466,284,000		495,484,000	514,334,000			155,396,000	243,999,000	219,727,000	268,546,000	261,734,000	317,002,000		278,674,000	106,937,000	342,350,000	255,858,000	39,180,000	143,814,000	289,580,000	246,159,000	263,809,000	255,451,000	160,285,000	108,529,000	140,346,000					52,805,000
bank deposits	29,752,063,000	30,137,748,000	28,673,063,000	29,639,272,000	29,102,227,000	28,120,518,000	27,139,753,000	27,554,411,000	27,334,579,000	27,594,358,000	27,004,807,000	28,325,327,000	27,117,111,000	27,190,619,000	26,009,300,000	24,195,626,000	23,280,348,000	20,398,874,000	19,608,800,000	18,715,133,000	17,396,497,000	16,400,001,000	16,302,821,000		15,332,581,000	14,836,646,000	14,901,061,000	15,049,877,000		14,502,952,000	13,890,849,000			12,883,961,000	12,050,474,000	11,700,961,000	11,527,483,000	9,885,441,000	7,881,219,000		6,638,356,000	4,116,811,000	4,313,937,000	4,834,040,000	4,790,081,000	4,552,522,000	4,653,656,000	4,605,260,000	4,663,323,000	4,228,405,000	4,007,050,000	3,556,568,000	3,346,133,000					2,120,763,000	192,481,000
financial instruments sold, but not yet purchased, at fair value	793,626,000	806,120,000	819,555,000	825,488,000	646,271,000	768,909,000	634,311,000	682,279,000	497,741,000	578,290,000	665,487,000	653,881,000	454,817,000	637,714,000	811,902,000	941,415,000	756,150,000	721,028,000	848,910,000	644,762,000	437,978,000	599,934,000	598,322,000		662,852,000	905,797,000	956,344,000	979,116,000		911,374,000	944,681,000			749,323,000	705,577,000	754,458,000	699,032,000	665,757,000	615,662,000		521,744,000	512,323,000	566,726,000	544,881,000	587,265,000	613,023,000	685,343,000	715,116,000	481,214,000
accrued compensation	988,952,000	743,748,000	561,252,000	399,354,000	790,194,000	613,133,000	503,960,000	368,391,000	585,612,000	448,311,000	399,518,000	329,360,000	677,376,000	554,446,000	475,938,000	391,243,000	932,804,000	728,390,000	576,148,000	399,049,000	638,298,000	476,836,000	375,862,000		507,009,000	350,821,000	267,178,000	201,170,000		379,453,000	330,469,000			330,655,000	244,731,000	159,071,000	295,354,000	242,714,000	176,913,000		363,791,000	259,863,000	228,277,000	147,608,000	359,050,000	286,572,000	249,795,000	175,084,000	337,589,000	247,168,000	215,001,000	154,882,000	187,466,000					159,112,000
lease liabilities	855,899,000	858,346,000	876,872,000	844,309,000	867,426,000	872,369,000	877,849,000	854,616,000
accounts payable and accrued expenses	701,369,000	764,415,000	801,948,000	838,696,000	735,072,000	654,605,000	703,899,000	697,029,000	1,337,579,000	1,429,882,000	1,236,788,000	1,238,434,000	1,264,282,000	1,336,872,000	1,229,677,000	1,177,343,000	1,134,178,000	1,111,645,000	1,112,246,000	1,410,123,000	1,169,740,000	1,111,569,000	1,076,686,000		1,146,706,000	1,012,229,000	1,018,044,000	1,004,165,000		374,456,000	360,780,000			455,689,000	370,051,000	351,965,000	400,570,000	404,208,000	362,628,000		349,040,000	339,149,000	411,843,000	274,537,000	302,320,000	277,384,000	265,921,000	220,957,000	285,968,000	289,067,000	256,860,000	266,320,000	259,163,000					228,235,000	72,735,000
senior notes	617,443,000	617,236,000	617,030,000	616,824,000	616,618,000	616,412,000	1,116,166,000	1,115,897,000	1,115,629,000	1,115,360,000	1,115,091,000	1,114,822,000	1,114,554,000	1,114,285,000	1,114,016,000	1,113,747,000	1,113,478,000	1,113,210,000	1,112,941,000	1,112,672,000	1,112,409,000	1,412,005,000	1,411,904,000		1,017,010,000	1,016,751,000	1,016,492,000	1,016,116,000		1,015,714,000	1,015,455,000			796,609,000	796,296,000	795,192,000	795,891,000	795,780,000	740,785,000		750,000,000	450,000,000	450,000,000	450,000,000	625,000,000	625,000,000	325,000,000	325,000,000
debentures to stifel financial capital trusts	55,000,000	55,000,000	60,000,000	60,000,000	60,000,000	60,000,000	60,000,000	60,000,000	60,000,000	60,000,000	60,000,000	60,000,000	60,000,000	60,000,000	60,000,000	60,000,000	60,000,000	60,000,000	60,000,000	60,000,000	60,000,000	60,000,000	60,000,000		60,000,000	60,000,000	60,000,000	60,000,000		67,500,000	67,500,000			67,500,000	67,500,000	67,500,000	67,500,000	67,500,000	67,500,000		82,500,000	82,500,000	82,500,000	82,500,000	82,500,000	82,500,000	82,500,000	82,500,000	82,500,000	82,500,000	82,500,000	82,500,000	82,500,000
total liabilities	35,293,465,000	35,931,225,000	34,262,668,000	34,845,541,000	34,208,770,000	33,377,424,000	32,411,071,000	32,984,339,000	32,433,029,000	32,634,983,000	31,955,252,000	33,270,261,000	31,867,653,000	32,384,713,000	31,351,704,000	30,033,354,000	29,014,756,000	26,029,010,000	25,235,974,000	23,822,709,000	22,365,488,000	21,518,495,000	21,740,165,000	16,280,338,000	20,940,435,000	20,603,029,000	20,858,175,000	20,750,362,000	14,951,690,000	20,598,479,000	19,653,807,000	14,133,588,000	12,924,099,000	17,551,675,000	16,688,266,000	16,357,989,000	16,390,948,000	14,513,218,000	12,894,737,000	7,197,824,000	10,843,499,000	6,866,089,000	7,619,291,000	7,009,893,000										2,901,498,000	2,575,504,000	2,279,322,000	1,847,309,000
equity
preferred stock − 1 par value; authorized 3,000,000 shares; issued 27,400 shares	685,000,000				685,000,000				685,000,000				685,000,000
common stock − 0.15 par value; authorized 194,000,000 shares; issued 111,662,776 and 111,662,571 shares, respectively	16,749,000
additional paid-in-capital	1,916,324,000	1,869,971,000	1,837,783,000	1,811,493,000	1,895,568,000	1,872,468,000	1,836,561,000	1,805,717,000	1,905,097,000	1,885,424,000	1,856,578,000	1,830,637,000	1,928,069,000	1,914,259,000	1,884,455,000	1,852,276,000	1,922,382,000	1,864,011,000	1,846,986,000	1,814,616,000	1,888,982,000	1,878,042,000	1,853,191,000		1,909,286,000	1,889,815,000	1,867,209,000	1,826,604,000		1,873,232,000	1,736,853,000			1,800,424,000	1,784,654,000	1,767,622,000	1,840,551,000	1,824,066,000	1,805,258,000		1,820,772,000	1,783,767,000	1,759,347,000	1,628,755,000	1,634,114,000	1,593,721,000	1,558,552,000	1,533,968,000	1,544,143,000	1,533,849,000	1,505,443,000	1,496,909,000	1,100,137,000					1,065,018,000
retained earnings	4,163,363,000	3,961,129,000	3,813,207,000	3,720,504,000	3,794,609,000	3,617,476,000	3,521,015,000	3,414,744,000	3,398,610,000	3,299,143,000	3,286,777,000	3,209,815,000	3,169,095,000	3,051,594,000	2,948,280,000	2,834,224,000	2,757,208,000	2,528,727,000	2,365,907,000	2,202,701,000	2,078,135,000	1,913,682,000	1,818,335,000		1,715,704,000	1,603,826,000	1,512,702,000	1,443,658,000		1,265,536,000	1,175,151,000			1,047,859,000	990,459,000	939,896,000	876,958,000	852,422,000	819,929,000		805,685,000	798,377,000	781,377,000	759,391,000	716,305,000	672,540,000	631,222,000	587,622,000	540,238,000	493,029,000	426,805,000	397,932,000	383,970,000					259,816,000	125,303,000
accumulated other comprehensive loss	-17,809,000	-25,846,000	-34,200,000	-51,751,000	-75,638,000	-40,386,000	-84,781,000	-84,174,000	-74,326,000	-134,159,000	-104,515,000	-91,821,000											-16,022,000			-23,594,000	-35,355,000	-46,381,000		-59,389,000	-53,393,000			-17,534,000	-25,537,000	-31,414,000		-34,119,000	-43,489,000																				-660,000
treasury stock	-786,310,000	-750,868,000	-721,554,000	-643,809,000	-629,518,000	-594,227,000	-576,337,000	-564,095,000	-636,699,000	-509,563,000	-397,602,000	-322,988,000	-352,482,000	-296,611,000	-299,704,000	-271,301,000	-351,098,000	-324,748,000	-283,118,000	-257,499,000		-315,282,000	-317,610,000			-289,498,000	-236,596,000	-168,424,000		-78,976,000	-65,118,000			-58,744,000	-64,721,000	-58,655,000		-111,105,000	-101,259,000			-64,989,000	-218,000	-223,000				-64,000	-64,000	-5,498,000	-12,385,000	-1,392,000	-2,505,000					-63,020,000	450,000
total equity	5,977,317,000	5,756,135,000	5,596,985,000	5,538,186,000	5,686,770,000	5,557,080,000	5,398,207,000	5,273,941,000	5,294,431,000	5,242,594,000	5,342,987,000	5,327,392,000	5,328,471,000	5,227,350,000	5,124,737,000	5,054,344,000	5,034,959,000	4,791,324,000	4,508,790,000	4,318,872,000	4,238,766,000	4,030,687,000	3,884,060,000		3,669,790,000	3,557,748,000	3,485,422,000	3,433,197,000
total liabilities and equity	41,270,782,000	41,687,360,000	39,859,653,000	40,383,727,000	39,895,540,000	38,934,504,000	37,809,278,000	38,258,280,000	37,727,460,000	37,877,577,000	37,298,239,000	38,597,653,000	37,196,124,000	37,612,063,000	36,476,441,000	35,087,698,000	34,049,715,000	30,820,334,000	29,744,764,000	28,141,581,000	26,604,254,000	25,549,182,000	25,624,225,000		24,610,225,000	24,160,777,000	24,343,597,000	24,183,559,000
preferred stock - 1 par value; authorized 3,000,000 shares; issued 27,400 shares		685,000,000	685,000,000	685,000,000		685,000,000	685,000,000	685,000,000		685,000,000	685,000,000	685,000,000		685,000,000	685,000,000	685,000,000
common stock - 0.15 par value; authorized 194,000,000 shares; issued 111,662,735 and 111,662,571 shares, respectively		16,749,000
held for sale, at lower of cost or market			800,766,000	1,016,127,000	578,980,000	465,739,000	472,804,000	534,593,000	423,999,000	142,617,000	224,017,000	225,365,000	156,912,000	234,927,000	288,676,000	315,427,000	207,715,000	156,110,000	394,017,000	330,521,000	551,248,000	281,475,000	474,899,000		389,693,000	265,330,000	163,511,000	144,216,000
common stock - 0.15 par value; authorized 194,000,000 shares; issued 111,662,688 and 111,662,571 shares, respectively			16,749,000
common stock - 0.15 par value; authorized 194,000,000 shares; issued 111,662,630 and 111,662,571 shares, respectively				16,749,000
common stock − 0.15 par value; authorized 194,000,000 shares; issued 111,662,571 and 111,662,321 shares, respectively					16,749,000
common stock - 0.15 par value; authorized 194,000,000 shares; issued 111,662,525 and 111,662,321 shares, respectively						16,749,000
common stock - 0.15 par value; authorized 194,000,000 shares; issued 111,662,463 and 111,662,321 shares, respectively							16,749,000
common stock - 0.15 par value; authorized 194,000,000 shares; issued 111,662,386 and 111,662,321 shares, respectively								16,749,000
common stock − 0.15 par value; authorized 194,000,000 shares; issued 111,662,321 and 111,662,034 shares, respectively									16,749,000
common stock - 0.15 par value; authorized 194,000,000 shares; issued 111,662,255 and 111,662,034 shares, respectively										16,749,000
common stock - 0.15 par value; authorized 194,000,000 shares; issued 111,662,186 and 111,662,034 shares, respectively											16,749,000
common stock - 0.15 par value; authorized 194,000,000 shares; issued 111,662,113 and 111,662,034 shares, respectively												16,749,000
common stock − 0.15 par value; authorized 194,000,000 shares; issued 111,662,034 and 111,661,763 shares, respectively													16,749,000
accumulated other comprehensive income/													-117,960,000	-143,641,000		-62,604,000					27,639,000																												-35,030,000	-36,427,000	-31,409,000
common stock - 0.15 par value; authorized 194,000,000 shares; issued 111,661,967 and 111,661,763 shares, respectively														16,749,000
common stock - 0.15 par value; authorized 194,000,000 shares; issued 111,661,900 and 111,661,763 shares, respectively															16,749,000
accumulated other comprehensive income															-110,043,000		4,718,000	21,585,000	27,266,000	7,305,000		8,079,000																				-34,491,000	-30,656,000	-34,858,000	-38,331,000	-37,573,000	-26,409,000	-31,205,000				782,000	4,918,000					-7,756,000
federal home loan bank advances																28,000,000		52,000,000					323,000,000		250,000,000	250,000,000	250,000,000	250,000,000		1,064,000,000	760,000,000			790,000,000	790,000,000	790,000,000	500,000,000	500,000,000	865,000,000
common stock - 0.15 par value; authorized 194,000,000 shares; issued 111,661,834 and 111,661,763 shares, respectively																16,749,000
preferred stock − 1 par value; authorized 3,000,000 shares; issued 27,400 and 21,400 shares, respectively																	685,000,000
common stock − 0.15 par value; authorized 194,000,000 shares; issued 111,661,763 and 111,661,621 shares, respectively																	16,749,000
stifel financial corp. shareholders' equity:
preferred stock - 1 par value; authorized 3,000,000 shares; issued 27,400 and 21,400 shares, respectively																		685,000,000
common stock - 0.15 par value; authorized 194,000,000 shares; issued 111,661,728 and 111,661,621 shares, respectively																		16,749,000
preferred stock - 1 par value; authorized 3,000,000 shares; issued 21,400 shares																			535,000,000	535,000,000
common stock - 0.15 par value; authorized 194,000,000 shares; issued 111,661,694 and 111,661,621 shares, respectively																			16,749,000
common stock - 0.15 par value; authorized 194,000,000 shares; issued 111,661,660 and 111,661,621 shares, respectively																				16,749,000
preferred stock − 1 par value; authorized 3,000,000 shares; issued 21,400 and 12,400 shares, respectively																					535,000,000
common stock − 0.15 par value; authorized 194,000,000 shares; issued 111,661,621 and 111,661,670 shares, respectively																					16,749,000
total stifel financial corp. shareholders’ equity																					4,238,766,000	4,030,687,000	3,884,060,000		3,614,791,000	3,501,715,000	3,429,126,000	3,376,623,000
non-controlling interests																									54,999,000	56,033,000	56,296,000	56,574,000
preferred stock - 1 par value; authorized 3,000,000 shares; issued 21,400 and 12,400 shares, respectively																						535,000,000	535,000,000
common stock - 0.15 par value; authorized 194,000,000 shares; issued 74,441,197 and 74,441,113 shares, respectively																						11,166,000
common stock - 0.15 par value; authorized 194,000,000 shares; issued 74,441,171 and 74,441,113 shares, respectively																							11,166,000
assets:
interest-bearing cash and federal funds sold																								445,987,000					101,843,000			26,486,000	217,329,000
u.s. government agencies																								3,863,000					1,695,000																												9,373,000
state and municipal securities																								18,424,000					73,437,000				75,022,000
mortgage-backed securities																								1,094,197,000					1,674,239,000			1,746,113,000	1,914,896,000							1,666,155,000														80,035,147,232,360	738,169,000	690,778,000	769,317,000
corporate fixed income securities																								732,826,000					1,242,644,000				1,001,723,000
asset-backed securities																								4,538,494,000					4,751,997,000			4,431,206,000	3,786,464,000							1,505,221,000														54,018,628,922,140	351,855,000	196,656,000	68,980,000
federal home loan bank ("fhlb") and other capital stock																								59,649,000								68,107,000
loans																																																						74,084,160,163,250	709,282,000	646,058,000	494,639,000
securities-based loans																								2,063,781,000					1,831,443,000			1,796,554,000	1,747,544,000							1,354,113,000
commercial and industrial																								3,560,337,000					2,818,008,000			2,478,007,000	2,106,480,000							1,395,446,000
residential real estate																								3,416,067,000					2,727,987,000			2,636,892,000	2,348,137,000							530,283,000
commercial real estate																								445,025,000					181,317,000			104,481,000	80,393,000							84,560,000
home equity lines of credit																								54,340,000					22,366,000			13,237,000	14,873,000							12,433,000
construction and land																								416,455,000					55,206,000			12,558,000	15,366,000							4,593,000
other																								29,289,000					55,979,000																													16,815,000	24,598,000
loans held for sale																								374,539,000					220,434,000			200,557,000	160,940,000							124,332,000					121,939,000	104,277,000	119,477,000	102,367,000	109,110,000	75,440,000	152,246,000	165,698,000	214,531,000	14,495,113,133,620	120,476,000	123,901,000	75,197,000	114,452,000
total interest-earning assets																								17,253,273,000					15,828,901,000			14,906,263,000	13,568,892,000							7,565,767,000														3,040,652,191,432,520	2,703,031,000	2,385,689,000	1,937,683,000
cash and due from banks																								15,573,000					19,163,000			11,788,000	12,217,000							2,952,000														6,274,000	4,506,000	8,181,000	6,685,000
other non interest-earning assets																								292,103,000								302,485,000								82,603,000														93,128,000	70,620,000	68,368,000	50,747,000
liabilities and stockholder's equity:
deposits:
money market																								13,729,080,000					12,357,434,000			12,876,440,000	11,904,772,000							6,625,190,000														277,431,235,720,520.03	2,457,686,000	2,174,164,000	1,767,724,000
time deposits																								449,862,000					1,021,220,000			10,456,000	2,678,000							13,528,000														1,583,123,030	1,583,000	1,893,000	2,521,000
demand deposits																								1,148,628,000					402,662,000			239,178,000	205,240,000							134,597,000														49,356,140,110	41,303,000	37,750,000	30,885,000
savings																								50,289,000					25,649,000			25,480,000	4,000							16,000														596,310,070	11,624,000	41,000	34,000
fhlb advances																								590,549,000					942,492,000			902,939,000	774,564,000							372,659,000														433,070,650	4,330,000		4,380,000
other borrowings																								1,578,000					17,767,000			16,132,000	16,229,000
total interest-bearing liabilities																								15,969,986,000					14,767,224,000			14,070,625,000	12,903,487,000							7,145,990,000														283,554,436,060,510	2,516,526,000	2,213,848,000	1,805,544,000
non-interest-bearing liabilities																								206,365,000								32,091,000
other non-interest bearing liabilities																								103,987,000								30,872,000
stockholder's equity																								1,280,611,000								1,086,948,000
total liabilities and stockholder's equity																								17,560,949,000								15,220,536,000
net interest income/spread																								133,131,000					459,549,000			107,627,000	376,099,000
net interest margin																								3,090					2,900			2,890	2,770							46,644,000														155,372,040	13,805,000	13,412,000	40,239,000
borrowings																									150,000	150,000	117,845,000	398,970,000		140,030,000	243,000,000			78,000,000	105,000,000	199,000,000	377,000,000	234,200,000	335,157,000		237,084,000	398,338,000
preferred stock − 1 par value; authorized 3,000,000 shares; issued 12,400 and 6,000 shares, respectively																									310,000,000
common stock − 0.15 par value; authorized 194,000,000 shares; issued 74,441,113 and 74,441,017 shares, respectively																									11,166,000
commitments and contingent liabilities
preferred stock - 1 par value; authorized 3,000,000 shares; issued 12,400 and 6,000 shares, respectively																										310,000,000	310,000,000	310,000,000
common stock - 0.15 par value; authorized 194,000,000 shares; issued 74,441,094 and 74,441,017 shares, respectively																										11,166,000
common stock - 0.15 par value; authorized 194,000,000 shares; issued 74,441,073 and 74,441,017 shares, respectively																											11,166,000
common stock - 0.15 par value; authorized 194,000,000 shares; issued 74,441,046 and 74,441,017 shares, respectively																												11,166,000
u.s. treasuries																													478,000
federal home loan bank (“fhlb”) and other capital stock																													69,828,000				60,663,000							29,996,000																	2,557,000
other non-interest-earning assets																													236,906,000				324,199,000
liabilities and stockholders’ equity:
non-interest-bearing deposits																													73,677,000				15,463,000																								13,404,000
other non-interest-bearing liabilities																													110,789,000				5,149,000																								28,361,000
stockholders’ equity																													1,133,280,000				981,209,000							453,498,000
total liabilities and stockholders’ equity																													16,084,970,000				13,905,308,000							7,651,322,000
loans held for sale, at lower of cost or market																														262,063,000	210,611,000			166,335,000	139,676,000	206,724,000	228,588,000	217,316,000	250,725,000		189,921,000	179,588,000	183,991,000	188,783,000
bank loans																														8,253,989,000	7,347,371,000			6,783,078,000	6,160,093,000	5,864,548,000	5,591,190,000	4,956,676,000	4,170,858,000
liabilities and shareholders’ equity
shareholders’ equity:
preferred stock - 1 par value; authorized 3,000,000 shares; 6,000 shares issued																														150,000,000	150,000,000			150,000,000	150,000,000	150,000,000
common stock - 0.15 par value; authorized 97,000,000 shares; issued 74,441,001 and 71,636,986 shares, respectively																														11,166,000
total shareholders’ equity																														3,161,569,000	2,954,362,000			2,932,405,000	2,845,309,000	2,777,903,000	2,738,408,000	2,691,690,000	2,490,865,000		2,492,416,000	2,493,090,000	2,520,251,000	2,363,244,000
total liabilities and shareholders’ equity																														23,760,048,000	22,608,169,000			20,484,080,000	19,533,575,000	19,135,892,000	19,129,356,000	17,204,908,000	15,385,602,000		13,335,915,000	9,359,179,000	10,139,542,000	9,373,137,000	9,518,151,000	9,326,117,000	9,575,012,000	9,387,814,000	9,008,870,000	8,709,459,000	8,493,191,000	8,133,755,000	6,966,140,000				1,995,115,000	4,942,364,000
common stock - 0.15 par value; authorized 97,000,000 shares; issued 72,460,127 and 71,636,986 shares, respectively																															10,869,000
state and political subdivisions:
non-taxable																																74,082,000								75,904,000														4,131,292,810	2,442,000	2,689,000	2,943,000
corporate bonds																																1,293,620,000								437,820,000														54,448,929,902,200	524,508,000	477,929,000	326,451,000
consumer																																24,363,000	39,062,000							34,983,000
common stock - 0.15 par value; authorized 97,000,000 shares; issued 69,690,856 and 69,507,842 shares, respectively																																		10,400,000
common stock - 0.15 par value; authorized 97,000,000 shares; issued 69,690,846 and 69,507,842 shares, respectively																																			10,454,000	10,454,000
preferred stock − 1 par value; authorized 3,000,000 shares; 6,000 issued																																					150,000,000
common stock − 0.15 par value; authorized 97,000,000 shares; issued 69,507,842 shares, respectively																																					10,426,000
preferred stock - 1 par value; authorized 3,000,000 shares; 6,000 issued																																						150,000,000
common stock - 0.15 par value; authorized 97,000,000 shares; issued 69,507,842 shares, respectively																																						10,426,000
assets held for sale																																							148,606,000
liabilities related to assets held for sale																																							136,825,000
preferred stock - 1 par value; authorized 3,000,000 shares; none issued
common stock - 0.15 par value; authorized 97,000,000 shares; issued 69,507,842 and 69,507,842 shares, respectively																																							10,426,000
federal funds sold																																								309,928,000														143,971,900,250	135,254,000	154,496,000	108,936,000
non interest-bearing deposits																																								13,528,000														21,200,000	18,896,000	23,105,000
other non interest-bearing liabilities																																								38,306,000														44,754,000	40,082,000	42,369,000
bank loans, net of allowance																																									3,143,515,000	2,409,399,000	2,420,326,000	2,253,929,000	2,065,420,000	1,867,177,000	1,757,129,000	1,497,640,000	1,404,353,000	1,061,150,000	984,765,000	886,647,000	815,937,000					568,293,000
common stock - 0.15 par value; authorized 97,000,000 shares; issued 69,507,842 and 66,336,018 shares, respectively																																									10,426,000	10,426,000
short-term borrowings from banks																																											543,289,000	20,500,000		49,800,000	368,000,000	414,900,000	55,700,000	133,100,000	506,700,000	569,800,000	304,700,000					310,600,000
common stock - 0.15 par value; authorized 97,000,000 shares; issued 69,338,091 and 66,336,018 shares, respectively																																											10,401,000
common stock - 0.15 par value; authorized 97,000,000 shares; issued 67,859,230 and 66,336,018 shares, respectively																																												10,179,000
restricted cash																																																	4,268,000	4,419,000	4,416,000	4,415,000	4,414,000					6,880,000
liabilities subordinated to claims of general creditors																																																	3,131,000	3,131,000	3,131,000	3,131,000	5,318,000					6,957,000	4,644,000
common stock - 0.15 par value; authorized 97,000,000 shares; issued 66,336,018 and 63,744,074 shares, respectively																																													9,950,000
preferred stock – 1 par value; authorized 3,000,000 shares; none issued
common stock – 0.15 par value; authorized 97,000,000 shares; issued 65,994,630 and 63,744,074 shares, respectively																																														9,861,000
common stock - 0.15 par value; authorized 97,000,000 shares; issued 65,504,751 and 63,744,074 shares, respectively																																															9,826,000
common stock - 0.15 par value; authorized 97,000,000 shares; issued 65,460,203 and 63,744,074 shares, respectively																																																9,819,000
corporate debt																																																	325,000,000	357,111,000	378,024,000	380,934,000	383,992,000
preferred stock—1 par value; authorized 3,000,000 shares; none issued
common stock—0.15 par value; authorized 97,000,000 shares; issued 63,744,074 and 54,967,858 shares, respectively																																																	9,562,000
unearned employee stock ownership plan shares, at cost, 0 and 24,405 shares, respectively
trading securities owned, at fair value																																																		847,652,000	741,420,000	923,452,000	763,608,000					526,444,000
trading securities sold, but not yet purchased, at fair value																																																		495,658,000	480,907,000	588,922,000	319,742,000					272,190,000	36,613,000
securities sold, but not yet purchased, at fair value																																																		28,598,000	25,415,000	24,550,000	22,966,000
common stock—0.15 par value; authorized 97,000,000 shares; issued 63,573,335 and 54,967,858 shares, respectively																																																		9,536,000
other real estate owned																																																			173,000	373,000	373,000
common stock - 0.15 par value; authorized 97,000,000 shares; issued 63,573,335 and 54,967,858 shares, respectively																																																			9,536,000
common stock - 0.15 par value; authorized 97,000,000 shares; issued 63,246,221 and 54,967,858 shares, respectively																																																				9,487,000
shareholders’ equity: - sum																																																				1,905,110,000	1,497,270,000					1,325,136,000
unearned employee stock ownership plan shares, at cost, 12,202 and 24,405 shares, respectively																																																				-52,000
exchangeable common stock—0.15 par value; issued 0 and 172,242 shares, respectively
common stock—0.15 par value; authorized 97,000,000 shares; issued 54,967,858 and 53,547,774 shares, respectively																																																					8,245,000
unearned employee stock ownership plan shares, at cost, 24,405 and 73,215 shares, respectively																																																					-104,000
taxable																																																						11,853,010,843,660	118,020,000	90,905,000	79,290,000
federal home loan bank (fhlb) and other capital stock																																																						320,260,750	3,025,000	2,277,000
liabilities and stockholders' equity:
stockholders' equity																																																						238,556,000	202,653,000	182,916,000
total liabilities and stockholders' equity																																																						3,140,054,000	2,778,157,000	2,462,238,000			1,499,440,000
liabilities and shareholders’ equity:
shareholders’ equity																																																									147,806,000
bank foreclosed assets held for sale																																																										550,000
investments																																																										176,550,000	72,482,000
debenture to stifel financial capital trust ii																																																										35,000,000	35,000,000
debenture to stifel financial capital trust iii																																																										35,000,000	35,000,000
debenture to stifel financial capital trust iv																																																										12,500,000	25,000,000
exchangeable common stock - 0.15 par value; issued 172,242 and 897,618 shares, respectively																																																										26,000
common stock - 0.15 par value; authorized 97,000,000 shares; issued 53,547,774 and 52,822,428 shares, respectively																																																										8,032,000
unearned employee stock ownership plan shares, at cost, 85,417 and 122,024 shares, respectively																																																										-365,000
cash segregated under federal and other regulations																																																											19,000
receivable from brokers and dealers:
securities failed to deliver																																																											18,342,000
deposits paid for securities borrowed																																																											45,144,000
clearing organizations																																																											115,964,000
receivable from brokerage customers, net of allowance for doubtful receivables of 290 and 307, respectively																																																											495,289,000
securities:
trading securities owned and pledged, at fair value																																																											137,058,000
bank loans, net of allowance for loan losses of 1,685																																																											126,668,000
bank foreclosed assets held for sale, net of estimated cost to sell																																																											757,000
memberships in exchanges																																																											168,000
office equipment and leasehold improvements, at cost, net of accumulated depreciation and amortization of 41,127 and 30,713, respectively																																																											40,661,000
intangible assets, net of accumulated amortization of 5,209 and 1,608, respectively																																																											18,715,000
loans and advances to financial advisors and other employees, net of allowance for doubtful receivables from former employees of 737 and 687, respectively																																																											70,407,000
deferred tax asset																																																											36,632,000
liabilities and stockholders' equity
payable to customers																																																											159,740,000
accrued employee compensation																																																											147,161,000
debenture to stifel financial capital trust i
stockholders' equity:
preferred stock -- 1 par value; authorized 3,000,000 shares; none issued
common stock -- .15 par value; authorized 30,000,000 shares; issued 15,546,584 and 12,025,404 shares, respectively																																																											2,332,000
additional paid-in capital																																																											299,258,000
stockholders' equity: - sum																																																											426,233,000
less:
unearned employee stock ownership plan shares, at cost, 119,305 and 140,995 shares, respectively																																																											1,146,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31

cash flows from operating activities:
net income	264,361,000	211,371,000	155,055,000	52,992,000	244,005,000	158,505,000	165,294,000	163,575,000	162,484,000	68,161,000	134,352,000	157,539,000	176,621,000	151,169,000	160,816,000	173,549,000	261,390,000	192,376,000	198,077,000	173,015,000	188,469,000	120,527,000	107,887,000	86,589,000	130,668,000	110,122,000	109,757,000	99,439,000	114,062,000	103,858,000	87,287,000	88,761,000	-1,988,000	66,536,000	52,811,000	65,512,000	26,880,000	17,814,000	9,771,000	27,055,000	11,172,000	17,179,000	20,888,000	43,097,000	45,181,000	39,903,000	43,601,000	47,382,000	48,268,000	69,691,000	29,435,000	14,619,000	81,455,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	15,326,000	15,481,000	15,272,000	15,009,000	14,911,000	15,115,000	16,707,000	15,665,000	17,409,000	14,233,000	13,815,000	15,076,000	14,365,000	12,477,000	12,098,000	11,675,000	12,078,000	11,816,000	10,773,000	10,907,000	11,204,000	10,424,000	9,857,000	9,378,000	9,439,000	8,520,000	10,120,000	10,290,000	7,393,000	7,036,000	6,803,000	6,664,000	5,519,000	10,327,000	7,627,000	9,022,000	11,219,000	10,324,000	10,975,000	10,629,000	9,329,000	12,487,000	6,947,000	7,952,000	7,553,000	7,421,000	7,193,000	7,113,000	8,826,000	8,552,000	8,734,000	7,876,000	10,942,000
amortization of loans and advances to financial advisors and other employees	39,367,000	37,597,000	35,122,000	35,796,000	38,379,000	38,902,000	39,758,000	37,143,000	40,524,000	34,748,000	35,898,000	34,057,000	33,388,000	33,085,000	32,690,000	32,849,000	30,840,000	28,569,000	28,320,000	26,961,000	27,255,000	25,065,000	23,934,000	27,729,000	25,767,000	24,020,000	23,670,000	21,596,000	23,591,000	21,231,000	21,411,000	19,141,000	22,201,000	23,035,000	22,747,000	23,611,000	41,708,000	19,967,000	14,084,000	18,995,000	3,384,000	21,837,000	12,923,000	15,769,000	15,450,000	16,705,000	16,286,000	16,294,000	16,562,000	17,364,000	15,451,000	15,553,000	14,885,000
amortization of premium on investment portfolio	1,673,000	1,641,000	1,933,000	1,727,000	2,290,000	1,958,000	2,342,000	2,142,000	2,427,000	2,407,000	2,681,000	2,356,000	2,361,000	2,875,000	3,040,000	3,880,000	4,073,000	4,062,000	4,409,000	4,498,000	5,223,000	4,397,000	4,909,000	6,210,000	7,542,000	11,604,000	6,356,000	8,727,000	6,593,000	7,237,000	5,831,000	5,646,000	4,589,000	5,284,000	2,134,000	3,830,000	3,697,000	3,906,000	3,033,000	1,622,000	193,000	335,000	1,030,000	1,192,000	1,462,000	1,267,000			2,753,000	4,000,000
provision for credit losses
amortization of intangible assets	17,468,000	5,662,000	5,541,000	5,396,000	5,858,000	5,872,000	5,996,000	5,842,000	7,057,000	4,802,000	4,633,000	4,437,000	4,629,000	4,388,000	5,484,000	5,094,000	4,972,000	4,457,000	4,491,000	4,268,000	5,131,000	4,729,000	4,728,000	5,032,000	5,055,000	3,820,000	3,547,000	3,593,000	3,816,000	3,001,000	3,002,000	2,738,000	3,043,000	2,846,000	3,265,000	2,981,000	3,869,000	2,550,000	5,034,000	2,974,000	4,471,000	2,279,000	1,731,000	1,942,000	2,604,000	1,558,000	1,723,000	6,481,000	7,986,000	1,318,000	1,689,000	1,138,000	1,308,000
deferred income taxes	33,579,000	-11,755,000	-13,255,000	-29,668,000	12,907,000	-22,209,000	-18,681,000	-2,655,000	48,990,000	-28,233,000	-17,858,000	13,069,000	28,383,000	-16,041,000	-25,381,000	25,732,000	74,596,000	-63,250,000	-26,495,000	47,253,000	-30,098,000	-11,729,000	-14,342,000	17,098,000	6,710,000	-14,084,000	-1,591,000	2,102,000	13,536,000	-5,845,000	-9,924,000	16,487,000	103,254,000	-72,998,000	68,000,000	19,873,000	19,614,000	-28,203,000	-18,328,000	72,979,000	-11,392,000	-7,983,000	-32,672,000	49,469,000	-11,855,000	-8,266,000	-18,540,000	43,917,000	44,298,000	-80,171,000	-5,362,000	14,846,000	21,742,000
stock-based compensation	44,964,000	25,558,000	35,848,000	57,633,000	35,315,000	33,258,000	28,392,000	56,797,000	34,026,000	30,359,000	32,795,000	43,083,000	32,224,000	28,088,000	29,691,000	45,502,000	34,101,000	26,712,000	26,542,000	32,029,000	27,230,000	25,764,000	24,461,000	30,762,000	23,861,000	23,886,000	22,324,000	32,119,000	25,407,000	27,740,000	20,570,000	27,072,000	58,848,000	26,347,000	27,351,000	27,915,000	37,210,000	54,744,000	63,899,000	30,450,000	55,072,000	29,409,000	58,804,000	22,356,000	23,154,000	23,765,000	74,019,000	-26,932,000	12,612,000	36,752,000	17,899,000	70,184,000	21,185,000
unrealized gains on investments
gain on sale of leased aircraft engines			-28,453,000	-3,610,000	-25,668,000	-1,053,000
other	-6,812,000	10,438,000	-3,739,000	1,638,000	-9,803,000	2,041,000	1,498,000	-5,974,000	431,000	-919,000	9,217,000	-6,157,000	3,969,000	4,543,000	4,006,000	-3,666,000	-13,587,000	1,824,000	11,403,000	26,582,000	-2,400,000	277,000	-2,739,000	-5,464,000	-6,492,000	-6,391,000	-19,242,000	-6,429,000	75,853,000	-83,335,000	630,000	-3,871,000	660,000	266,000	1,112,000	999,000	197,000	3,615,000	3,388,000	-2,524,000	-13,437,000	7,290,000	-10,394,000	3,382,000	-11,768,000	-168,000	1,179,000	979,000	-27,432,000	23,523,000	-134,000	403,000	-1,337,000
decrease in operating assets, net of assets acquired:
receivables:
brokerage clients	-116,189,000	-105,409,000	33,608,000	-53,407,000	19,619,000	-76,352,000	35,372,000	-34,495,000	44,167,000	9,226,000	63,920,000	-34,435,000	307,685,000	112,075,000	-23,903,000	-167,365,000	-28,706,000	209,935,000	-129,161,000	-266,101,000	118,159,000	-20,836,000	435,883,000	-117,920,000	177,168,000	-49,192,000	37,298,000	-182,761,000	265,187,000	-25,912,000	-510,000	-56,146,000	-94,065,000	74,593,000	-32,041,000	83,353,000	27,556,000	15,945,000	-83,057,000	216,856,000	-891,151,000	48,660,000	-102,684,000	-58,082,000	78,112,000	8,024,000	25,103,000	-52,322,000	-6,886,000	28,736,000	-8,958,000	-55,519,000	121,394,000
brokers, dealers, and clearing organizations	205,780,000	-140,386,000	-198,898,000	48,306,000	74,519,000	-134,781,000	232,653,000	-243,727,000	-51,136,000	-57,181,000	153,306,000	-39,648,000	123,365,000	-163,715,000	304,934,000	-108,419,000	-69,559,000	198,638,000	-124,635,000	-12,940,000	-104,807,000	138,773,000	120,936,000	-76,604,000	148,003,000	93,951,000	-177,843,000	-72,766,000	130,546,000	26,040,000	-127,210,000	-85,843,000	-123,194,000	22,847,000	197,763,000	469,038,000	-476,282,000	24,285,000	130,355,000	-117,959,000	49,443,000	184,159,000	-351,056,000	200,414,000	354,000	90,411,000	-200,030,000	-154,126,000	166,514,000	190,591,000	-210,040,000	-177,699,000
securities purchased under agreements to resell	-38,541,000	111,909,000	5,320,000	-113,874,000	136,091,000	-225,528,000	11,517,000	-101,207,000	62,518,000	130,215,000	6,633,000	-201,053,000	193,678,000	66,211,000	199,613,000	-227,798,000	113,804,000	24,395,000	-152,905,000	-252,095,000	218,930,000	9,906,000	12,202,000	-73,960,000	239,041,000	-27,477,000	-28,538,000	131,866,000	-77,539,000	-56,320,000	102,961,000	-156,782,000	-53,885,000	19,756,000	-159,243,000	-70,260,000	49,239,000	-4,061,000	-85,820,000	-47,523,000	-71,956,000	154,477,000	-44,332,000	-143,534,000	70,435,000	96,696,000	72,054,000	-69,188,000	-56,893,000	-42,959,000	31,118,000	2,354,000	-85,853,000
financial instruments owned	112,643,000	-196,965,000	75,643,000	-250,148,000
loans originated as held for sale	-527,165,000	-657,706,000	-474,207,000	-512,027,000	-551,646,000	-500,891,000	-484,821,000	-545,666,000	-380,830,000	-129,981,000	-104,240,000	-380,033,000	-62,958,000	-99,838,000	-177,034,000	-236,323,000	-402,624,000	-409,552,000	-431,068,000	-754,317,000	-1,006,252,000	-812,934,000	-725,280,000	-474,824,000	-554,918,000	-591,643,000	-429,706,000	-272,301,000	-241,921,000	-339,313,000	-355,674,000	-404,200,000	-411,732,000	-403,389,000	-400,221,000	-349,044,000			-674,139,000	-419,601,000	-508,167,000	-378,483,000	-504,977,000	-464,087,000	-320,960,000	-321,006,000	-289,992,000	-200,713,000	-206,479,000	-232,280,000	-399,349,000	-437,539,000
proceeds from loans held for sale	413,342,000	814,667,000	860,285,000	543,192,000	731,626,000	499,996,000	438,654,000	444,364,000
loans and advances to financial advisors and other employees	-32,567,000	-45,834,000	-103,790,000	-24,060,000	-16,573,000	-14,503,000	-39,211,000	-87,795,000	-50,918,000	-49,537,000	-41,075,000	-40,053,000	-26,953,000	-22,281,000	-37,913,000	-45,237,000	-77,595,000	-42,334,000	-21,924,000	-30,700,000	-41,975,000	-67,546,000	-29,920,000	-40,554,000	-63,502,000	-39,212,000	-57,716,000	-50,216,000	-49,049,000	-30,698,000	-31,575,000	-5,599,000	-25,516,000	-13,594,000	-11,232,000	-21,873,000	-31,170,000	-13,900,000	-22,343,000	-25,417,000	-118,766,000	-19,996,000	-37,690,000	-10,782,000	-27,724,000	-13,860,000	-24,637,000	-12,995,000	-12,106,000	-27,777,000	-19,925,000	-12,049,000	-33,683,000
other assets	22,153,000	-30,575,000	-12,539,000	81,775,000	-111,519,000	95,129,000	118,102,000	-98,281,000	-75,946,000	20,983,000	-53,114,000	218,000	-91,530,000	29,715,000	-50,595,000	46,390,000	-19,733,000	63,663,000	98,320,000	-238,950,000	-182,043,000	10,050,000	105,949,000	-51,427,000	4,712,000	7,949,000	-24,594,000	-24,357,000	-33,105,000	84,794,000	15,868,000	-69,119,000	-36,502,000	40,836,000	-31,105,000	-87,104,000	-23,845,000	14,160,000	-15,778,000	-133,412,000	28,371,000	47,388,000	4,845,000	-32,614,000	-45,277,000	57,289,000	-26,036,000	11,515,000	41,807,000	38,745,000	65,198,000	-66,088,000	45,534,000
increase in operating liabilities, net of liabilities assumed:
payables:
drafts	40,675,000	-4,482,000	18,968,000	-39,015,000	-7,660,000	55,717,000	-28,826,000	-10,149,000	40,256,000	-8,716,000	5,819,000	-21,883,000	31,759,000	-10,516,000	-8,259,000	-33,389,000	36,728,000	1,001,000	6,742,000	-39,591,000	27,039,000	377,000	-418,000	-29,019,000	34,943,000	-8,569,000	-7,240,000	-4,263,000	13,248,000	25,286,000	-9,818,000	-30,872,000	29,681,000	17,424,000	-23,491,000	-11,022,000	34,542,000	-8,909,000	-5,685,000	-109,354,000	114,341,000	9,937,000	4,738,000	-20,357,000	16,609,000	-9,960,000	-1,475,000	-4,686,000	19,559,000	-1,700,000	-1,464,000	-32,118,000	42,403,000
financial instruments sold, but not yet purchased	-12,494,000	-13,435,000	-5,933,000	179,217,000	-122,638,000	100,391,000	-47,968,000	184,538,000	-80,549,000	-117,539,000	11,606,000	199,064,000	-182,897,000	-174,188,000	-129,513,000	185,265,000	-53,342,000	-127,882,000	204,148,000	206,784,000	-161,956,000	1,612,000	-70,473,000	5,943,000	-242,945,000	-50,547,000	-22,772,000	31,754,000	35,932,000	-33,307,000	-14,854,000	180,672,000	29,540,000	43,746,000	-48,881,000	55,426,000	33,275,000	50,072,000	-59,156,000	153,097,000	9,421,000	-54,403,000	21,845,000	-42,384,000	-25,758,000	-72,320,000
other liabilities and accrued expenses	190,364,000	159,778,000	131,690,000	-271,639,000	251,877,000	36,101,000	125,904,000	-145,642,000	60,801,000	195,428,000	79,551,000	-349,919,000	37,004,000	170,195,000	123,738,000	-507,658,000	162,170,000	161,529,000	-97,391,000	20,804,000	355,585,000	38,433,000	158,907,000	-234,445,000	171,399,000	93,547,000	25,884,000	-252,199,000	44,711,000	32,715,000	139,116,000	-238,121,000	43,998,000	159,562,000	103,100,000	-170,766,000	77,698,000	94,687,000	9,001,000	-246,487,000	-12,623,000	-25,911,000	65,257,000	-288,049,000	106,924,000	11,299,000	67,567,000	-248,454,000	69,000,000	58,640,000	47,792,000	-126,444,000	14,196,000
net cash from operating activities	382,449,000	338,298,000	607,490,000	-211,208,000	694,582,000	198,337,000	207,239,000	-609,721,000	275,175,000	230,463,000	378,763,000	-385,073,000	787,176,000	570,716,000	461,576,000	-662,053,000	301,359,000			-520,185,000	327,292,000			-5,691,000			56,429,000	-366,840,000										204,975,000	-334,446,000	-97,584,000		570,909,000	-271,924,000	-300,425,000									-134,933,000
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0			0	0			0			0	0										0	0	0		0	0	0									0
free cash flows	382,449,000	338,298,000	607,490,000	-211,208,000	694,582,000	198,337,000	207,239,000	-609,721,000	275,175,000	230,463,000	378,763,000	-385,073,000	787,176,000	570,716,000	461,576,000	-662,053,000	301,359,000			-520,185,000	327,292,000			-5,691,000			56,429,000	-366,840,000										204,975,000	-334,446,000	-97,584,000		570,909,000	-271,924,000	-300,425,000									-134,933,000
cash flows from investing activities:
proceeds from:
principal paydowns, calls, and maturities of available-for-sale securities																		208,934,000	111,544,000	128,302,000
calls and principal paydowns of held-to-maturity securities					653,248,000	835,328,000	518,849,000	183,460,000	11,425,000	51,015,000	33,252,000	5,548,000	1,287,000	4,665,000	6,045,000	102,744,000	443,971,000	305,179,000	521,528,000	480,635,000	4,180,000	323,000	277,000	155,184,000	25,275,000	200,400,000	141,869,000	114,535,000	384,610,000	104,967,000	108,156,000	230,172,000	176,879,000	61,122,000	64,545,000	67,473,000	87,526,000	70,227,000	56,109,000	37,577,000	43,317,000	30,038,000	29,717,000	23,186,000	22,213,000	28,165,000	20,544,000	25,696,000	33,318,000	28,967,000	15,129,000	16,289,000
sale or maturity of investments	14,000	23,000	2,000	6,000	-766,000	1,000	373,000	4,830,000	0	13,900,000			7,992,000	2,669,000	0	10,092,000	2,025,000	0	16,473,000	1,108,000	-113,000	0	0	2,252,000	10,436,000	3,569,000			100,000	12,403,000	2,367,000	9,575,000	3,445,000	16,752,000	6,231,000	2,411,000	6,560,000	7,465,000	13,172,000	12,978,000	12,436,000	1,972,000	15,054,000	35,858,000	12,150,000	14,541,000	24,215,000	9,522,000	15,994,000	25,136,000	26,755,000	22,380,000	30,640,000
sale of leased aircraft engines	11,550,000	27,637,000	63,187,000	14,616,000	25,668,000	7,270,000
decrease in loans held for investment				24,231,000	-853,118,000	-826,110,000	-291,072,000	352,537,000
payments for:
purchase of available-for-sale securities	0	-236,664,000	0	-90,408,000	-71,689,000	-74,884,000	-155,756,000	-7,000,000	0	-1,191,000	-10,893,000	-7,551,000	-422,000	0	-101,011,000	-1,906,000	-6,569,000	-187,642,000	-191,850,000	-427,596,000	-235,540,000	-27,000,000	0	-601,660,000	-810,000	-238,655,000	-250,000	-250,000	-218,505,000	-126,750,000	-112,762,000	-92,145,000	-233,336,000	-364,006,000	-594,442,000	-391,585,000	-324,000,000	-709,732,000	-397,980,000	-529,707,000	-991,531,000	-224,000	0	-199,000	-145,303,000	-138,845,000	-15,901,000	-116,802,000	-188,646,000	-107,951,000	-831,801,000	-185,892,000	-76,574,000
purchase of held-to-maturity securities	-380,594,000	-820,825,000	-97,600,000	-807,335,000	-564,450,000	-1,389,974,000	-784,400,000	-88,500,000					0	-111,950,000	-572,356,000	-70,000,000	-444,250,000	-665,030,000	-747,468,000	-811,473,000	0	0	0	-384,700,000	0				-39,000,000	-151,500,000	-782,597,000	-379,490,000	-321,250,000	-309,200,000	-183,750,000	-219,500,000	-885,741,000	-192,647,000	-148,660,000	-210,677,000					0	0	0	-7,959,000	0	0	0	-16,438,000	-451,264,000
purchase of investments	-1,652,000	-3,148,000	-686,000	-768,000	-4,434,000	-2,428,000	-2,080,000	-3,590,000	-13,985,000	-3,718,000	-635,000	-10,919,000	-2,101,000	-7,985,000	-1,230,000	-4,235,000	-2,794,000	-11,460,000	-6,380,000	-2,675,000	0	-8,417,000	0	-12,900,000	-28,463,000				-1,250,000	0			-2,704,000	-36,000	-1,406,000	-150,000	595,000	-4,631,000	-3,929,000	-1,313,000	-28,065,000	13,197,000	-11,021,000	-19,262,000	-11,644,000	-74,000	-1,747,000	-35,369,000	-1,127,000	-2,127,000	-10,965,000	-57,558,000	-8,896,000
purchase of fixed assets	-13,484,000	-17,199,000	-14,832,000	-16,573,000	-17,431,000	-12,769,000	-33,952,000	-9,636,000	-12,950,000	-12,277,000	-11,338,000	-15,411,000	-37,403,000	-18,202,000	-14,094,000	-12,628,000	-14,993,000	-147,348,000	-14,590,000	-11,245,000	-2,832,000	-11,573,000	-5,957,000	-53,002,000	-41,590,000	-14,624,000	-28,815,000	-72,868,000	-89,936,000	-5,972,000	-7,713,000	-4,586,000	-7,064,000	-4,383,000	-8,756,000	-8,014,000	-6,896,000	-7,156,000	-4,889,000	-9,270,000	-8,159,000	-29,354,000	-11,313,000	-20,996,000	-4,248,000	-10,277,000	-5,676,000	-6,431,000	-11,201,000	-7,772,000	-8,374,000	-4,931,000	13,724,000
acquisitions, net of cash received	0	-2,287,000			-359,000	-7,354,000	0	-752,000	1,494,000	-53,167,000	-1,520,000	-58,765,000	-882,000					0	0	-315,000		0				-107,960,000	287,000	-28,523,000		29,808,000	0	-29,209,000		2,327,000	0	-9,070,000
net cash from investing activities	-672,974,000	-354,476,000			-766,196,000			476,780,000				-289,734,000	264,093,000	-1,699,528,000	-1,953,407,000	-935,695,000	-3,034,098,000	-1,002,363,000	-1,206,111,000	-1,722,930,000	-485,216,000			-1,065,991,000				-88,943,000	260,429,000	-237,428,000	-745,919,000	-266,323,000	-421,924,000	-1,099,125,000	-496,969,000	-629,365,000				-1,065,720,000				-100,267,000	-211,721,000	48,568,000	-83,484,000	-146,299,000	26,540,000	-72,712,000	-680,762,000	-379,340,000	-605,467,000
cash flows from financing activities:
increase in securities sold under agreements to repurchase	-96,065,000	27,869,000	34,871,000	104,391,000	-77,814,000	63,164,000	168,161,000	9,015,000				217,715,000			-179,989,000	144,667,000				17,273,000						-197,390,000	295,998,000	-93,419,000											26,273,000	12,055,000
increase in bank deposits	-385,685,000			537,045,000	981,709,000			219,832,000	-259,779,000			1,208,216,000	-73,508,000	1,181,319,000	1,813,674,000	915,278,000		790,074,000	893,667,000	1,318,636,000									1,360,661,000	111,086,000			527,974,000	833,487,000	349,513,000	173,478,000				579,744,000								-58,063,000	-478,000	221,355,000	450,482,000	210,435,000	777,200,000
increase in securities loaned	-68,024,000	-79,840,000	107,757,000	113,316,000	26,672,000	-4,547,000	-67,576,000	88,685,000		-5,606,000	9,203,000	32,868,000		-61,582,000	-142,614,000	223,717,000				86,577,000						24,621,000	-32,866,000	132,952,000										25,047,000										-4,282,000			16,965,000	46,680,000	-197,726,000
tax payments related to shares withheld for stock-based compensation plans	-1,799,000	-1,825,000	-4,472,000	-114,596,000	-16,933,000	-1,798,000	-3,593,000	-98,638,000	-10,478,000	-3,253,000	-6,418,000	-74,238,000	-15,112,000	-1,828,000	-1,347,000	-84,259,000	-8,363,000	-2,194,000	-1,169,000	-66,839,000	-5,084,000	-1,180,000	-1,077,000	-68,497,000	-2,843,000	-1,433,000	-1,145,000	-27,847,000	-3,414,000	-1,418,000	-1,863,000	-36,534,000
repayment of short-term debt				-18,177,000
repayment of senior notes					0																																0				0	0	0	-175,000,000
repurchase of common stock	-37,542,000	-31,238,000	-83,038,000	-93,173,000	-45,568,000	-20,222,000	-17,597,000	-60,710,000	-143,724,000	-118,810,000	-86,821,000	-94,521,000	-75,165,000	0			-88,018,000	-43,716,000	-28,969,000	-12,038,000	-1,744,000	0	-357,000	-56,160,000	-34,996,000	-55,468,000	-71,097,000	-53,869,000	-107,690,000	-16,631,000	-43,044,000	-2,839,000	0	0			0	-18,346,000	0	-95,116,000	-51,894,000								0	0			37,125,000
cash dividends on preferred stock	-9,320,000	-9,320,000	-9,321,000	-9,320,000	-9,320,000	-9,320,000	-9,321,000	-9,320,000	-9,320,000	-9,321,000	-9,320,000	-9,320,000	-9,320,000	-9,320,000	-9,321,000	-9,320,000	-9,320,000	-9,689,000	-8,289,000	-8,289,000	-8,289,000	-9,284,000	-4,844,000	-4,844,000	-4,843,000	-4,844,000	-5,288,000	-2,344,000	-2,344,000	-2,343,000	-2,344,000	-2,344,000	-2,344,000	-2,343,000	-2,344,000	-2,344,000	-2,343,000
cash dividends paid to common stock and equity-award holders	-47,192,000	-43,519,000	-52,707,000	-62,850,000	-45,364,000	-43,345,000	-38,228,000	-63,065,000	-39,402,000	-37,726,000	-38,847,000	-47,009,000	-33,209,000	-32,022,000	-32,065,000	-36,451,000	-19,029,000	-15,694,000	-15,931,000	-15,682,000	-11,697,000	-11,669,000	-11,659,000	-11,472,000	-10,251,000	-10,345,000	-8,408,000	-12,944,000	-8,615,000	-8,800,000	-8,594,000	-8,629,000
payment of contingent consideration	-60,000	-62,000	-62,000	-128,000	-60,000	-149,000	-45,000	-708,000	-695,000	-5,126,000	4,118,000	-5,037,000	-10,000	-5,329,000	0	-5,974,000	0	-5,485,000	-833,000	-10,480,000	-5,936,000	-544,000	-19,533,000	-2,208,000	-2,601,000	0	-3,931,000	-2,994,000		0	-4,009,000	-7,900,000		-1,621,000	-3,351,000	-8,356,000
extinguishment of stifel financial capital trust	0																																				0	0
net cash from financing activities	-645,687,000	1,310,485,000	-1,030,060,000	456,508,000	813,322,000	464,548,000	-382,857,000	85,091,000				1,228,674,000	-352,707,000	978,791,000	1,389,672,000	1,175,658,000		578,551,000	1,105,029,000	1,309,158,000								-764,282,000	517,709,000	202,915,000	702,767,000	324,304,000	809,497,000	674,960,000	239,502,000	36,531,000	1,854,982,000	1,684,481,000	1,246,920,000	931,821,000			-26,808,000	118,547,000	63,352,000	-267,747,000	34,503,000	293,089,000	-228,595,000	9,106,000	440,811,000	493,702,000	1,013,258,000
effect of exchange rate changes on cash	2,263,000	-3,614,000	8,535,000	3,073,000	-8,791,000	4,984,000	-574,000	-1,644,000	4,540,000	-3,472,000	957,000	3,429,000	84,028,000	-11,405,000	-14,486,000	-3,084,000	371,000	-8,652,000	2,409,000	2,336,000	8,894,000	7,946,000	-156,000	-9,822,000	10,130,000	-4,064,000	-3,290,000	2,156,000	-2,262,000	-1,331,000	-5,834,000	3,736,000	717,000	2,644,000	2,240,000	2,294,000	-4,285,000	-1,036,000	-5,093,000	-2,186,000	-2,154,000	-2,503,000	4,937,000	-3,881,000	-1,491,000	-7,886,000	1,732,000	337,000	269,000	2,671,000	-220,000	-1,070,000	2,322,000
increase in cash, cash equivalents, and cash segregated for regulatory purposes					732,917,000			-49,494,000				557,296,000								-931,621,000
cash, cash equivalents, and cash segregated for regulatory purposes at beginning of year
cash, cash equivalents, and cash segregated for regulatory purposes at end of year
benefit from credit losses
gains on sale of investments												-1,353,000				-3,799,000																											728,000	-5,669,000
gains on sale of leased aircraft engines
decrease/(increase) in operating assets, net of assets acquired:
increase/(decrease) in operating liabilities, net of liabilities assumed:
principal paydowns, maturities, and calls of available-for-sale securities		109,055,000	77,343,000	88,000,000
principal paydowns, maturities, and calls of held-to-maturity securities		947,705,000	229,320,000	615,712,000
increase in loans held for investment		-358,773,000										-250,052,000	253,033,000	-1,699,791,000	-1,335,913,000	-1,039,983,000	-3,129,279,000	-504,996,000	-895,368,000	-1,079,671,000	-365,735,000	-200,269,000	-282,003,000	-593,296,000
repayment of short term debt		-11,821,000
increase/(decrease) in cash, cash equivalents, and cash segregated for regulatory purposes				75,854,000					722,097,000									574,260,000					322,902,000	305,900,000
cash, cash equivalents, and cash segregated for regulatory purposes at beginning of period		0	0	2,678,203,000		0	0	3,523,849,000		0	0	2,229,002,000		0	0	2,149,657,000		0	0	2,452,206,000		0	0	1,273,970,000		0				0
cash, cash equivalents, and cash segregated for regulatory purposes at end of period		1,290,693,000	-827,994,000	2,754,057,000		-711,674,000	-817,395,000	3,474,355,000		872,454,000	-857,000,000	2,786,298,000		-161,426,000	-116,645,000	1,724,483,000		574,260,000	-14,477,000	1,520,585,000		-31,828,000	322,902,000	1,579,870,000		112,932,000				130,850,000
supplemental disclosure of cash flow information:
cash paid for interest		211,555,000	211,003,000	215,510,000		255,915,000	249,901,000	257,723,000		222,464,000	194,456,000	158,201,000		65,091,000	22,278,000	15,731,000		15,436,000	16,024,000	15,610,000		19,324,000	18,943,000	28,707,000		46,872,000	53,687,000	49,425,000		49,112,000	37,352,000	25,368,000		17,614,000	16,194,000	16,093,000		16,361,000	16,626,000	13,630,000		9,600,000	9,938,000	10,135,000		14,237,000	8,612,000	8,356,000		11,870,000	11,919,000	10,407,000
cash paid for income taxes, net of refunds		40,995,000	73,562,000	8,033,000		34,364,000	36,244,000	114,746,000		9,325,000	91,207,000	4,037,000		50,841,000	102,034,000	9,806,000		58,232,000	161,015,000	8,394,000		92,662,000	4,105,000	15,423,000										780,000	14,238,000	3,573,000		852,000	1,150,000	20,061,000		13,164,000	1,015,000	30,936,000		27,840,000				-41,000
noncash investing and financing activities:
transfer of loans held for investment to held for sale		-42,114,000
unit grants, net of forfeitures		8,813,000	70,125,000	158,245,000		9,247,000	24,289,000	124,212,000		10,533,000	24,907,000	143,638,000		4,171,000	28,119,000	156,069,000		7,378,000	6,754,000	128,639,000		4,533,000	6,746,000	106,522,000		26,020,000	10,175,000	92,344,000		14,348,000	14,025,000	90,678,000		7,311,000	13,357,000	35,273,000		26,609,000	32,860,000	98,876,000		26,697,000	52,403,000	53,045,000
provision for credit losses and allowance for loans and advances to financial advisors and other employees					11,893,000			5,269,000				4,920,000								-5,252,000
losses on sale of investments								373,000						465,000				749,000	4,837,000	-4,284,000								-2,174,000									1,883,000
decrease in bank deposits																												-813,736,000														-197,126,000
decrease in cash, cash equivalents, and cash segregated for regulatory purposes														-161,426,000	-116,645,000	-425,174,000										112,932,000				130,850,000
benefit from credit losses and allowance for loans and advances to financial advisors and other employees				12,020,000					2,263,000	9,992,000			6,028,000			8,240,000	4,062,000	-660,000
(gains)/losses on sale of investments				-405,000						-927,000													-3,285,000	31,043,000		13,205,000				2,909,000	4,649,000	2,884,000		-1,033,000	604,000	-2,459,000			85,000	3,826,000
net cash (used in)/provided by investing activities				-172,519,000
noncash financing activities:
unrealized losses on investments
financial instruments owned, including those pledged					182,290,000	-55,875,000	-30,361,000	-312,114,000	138,004,000	143,566,000	-171,096,000	-242,050,000	265,934,000	273,346,000	8,604,000	-122,632,000	233,883,000	45,627,000	-263,731,000	-287,254,000	125,687,000	26,503,000	86,293,000	40,421,000	225,308,000	162,467,000	-54,868,000	2,641,000	-104,717,000	114,691,000	-96,376,000	-37,363,000	-78,181,000	-1,852,000	-5,562,000	-131,791,000	223,740,000	-62,310,000	-57,694,000	-279,338,000	59,232,000	131,837,000	-76,044,000	-24,309,000	165,292,000	87,493,000
principal paydowns, calls, maturities, and sales of available-for-sale securities					67,135,000	91,377,000	69,857,000	45,431,000	25,288,000	33,589,000	31,923,000	47,416,000
unrealized gains on sale of investments
losses/(gains) on sale of investments
net cash provided by/(used in) investing activities									865,963,000	145,125,000																83,526,000												-1,577,464,000				121,722,000
unrealized (gains)/losses on investments
sale of fixed assets
decrease/(increase) in loans held for investment									854,691,000	116,974,000
increase/(decrease) in securities sold under agreements to repurchase									8,694,000	90,629,000			-45,748,000				131,092,000	-211,795,000						83,894,000					39,910,000	-18,850,000	168,132,000	112,498,000									171,737,000			216,678,000	-104,634,000			-17,650,000	8,358,000			-31,817,000
increase/(decrease) in securities loaned																	-34,346,000	-115,671,000						-272,560,000					-298,987,000	90,018,000	171,759,000	209,590,000	1,000	-42,565,000						-151,319,000	282,955,000	-56,694,000	99,004,000	442,000	-21,593,000	682,000			-128,220,000
other financing
net cash (used in)/provided by financing activities																									255,559,000	-310,246,000
proceeds from mortgages held for sale										126,596,000	182,599,000	317,468,000	89,802,000	157,759,000	142,655,000	202,870,000	359,799,000	421,650,000	580,432,000	952,053,000	753,051,000	992,068,000	642,687,000	506,936,000	526,632,000	496,050,000	426,295,000	333,478,000	293,320,000	272,028,000	405,842,000	373,919,000	363,618,000	373,594,000	459,680,000	361,435,000	731,598,000	851,895,000	568,571,000	472,886,000	496,926,000	412,444,000	510,047,000	394,751,000	303,436,000	336,273,000	267,115,000	205,494,000	175,013,000	306,674,000	413,866,000	476,999,000	908,605,000
(decrease)/increase in bank deposits																									495,935,000	-64,415,000
proceeds from federal home loan bank advances																28,000,000														294,050,000	-67,000,000	82,000,000		0	0	290,000,000		-365,000,000	365,000,000	352,000,000
disposition of business																					0	0	0	37,000,000													8,743,000
proceeds from preferred stock issuance																	167,000				0	15,000			0	0	-306,000	155,294,000
redemption of preferred stock																	0
principal paydowns and maturities of available-for-sale securities															65,152,000	80,221,000
unrealized losses/(gains) on investments
sale of other real estate owned																									1,650,000																				0	0	0	131,000	0	173,000
acquisitions, net of cash acquired																																							-3,244,000	-68,680,000	-623,115,000	0			-41,194,000	-31,262,000			76,708,000	-196,000	-10,821,000	-154,283,000
increase/(decrease) in bank deposits																							-578,112,000	1,548,352,000								-82,312,000						2,004,222,000						43,959,000		-101,134,000
repayments of borrowings																									0	0				-244,197,000
repayments of federal home loan bank advances																					0
proceeds from issuance of senior notes																					90,000																0								0
repayments of senior notes
cash paid to employees upon settlement of equity awards																					0	0	0	-27,101,000
proceeds from non-controlling interests																									0	0	0	26,800,000
net cash provided by/(used in) financing activities																							-591,501,000	1,387,404,000
(decrease)/increase in cash, cash equivalents, and cash segregated for regulatory purposes
proceeds from/(repayments of) federal home loan bank advances																												-290,000,000
adjustments to reconcile net income to net cash provided by/(used in) operating activities:
net cash provided by/(used in) operating activities																													577,611,000	166,694,000	157,069,000	-371,848,000	-280,923,000	332,383,000	274,894,000	335,995,000									304,524,000	341,893,000	-57,870,000	-338,278,000	269,102,000	343,253,000	33,433,000	56,431,000
proceeds from borrowings																								198,000,000				218,315,000										-100,957,000	7,576,000	238,497,000
maturities, calls, sales, and principal paydowns of available-for-sale securities																																									13,458,000	124,632,000	656,519,000	72,290,000	156,330,000	296,995,000			59,723,000	68,680,000	238,746,000	68,678,000
sale of equipment
(decrease)/increase in securities sold under agreements to repurchase																																			24,272,000	-48,819,000
(decrease)/increase in securities loaned
proceeds from stock option exercises																													0	0	1,504,000	774,000					329,000
principal paydowns, sales, calls, and maturities of available-for-sale securities																						99,961,000	296,830,000	385,131,000
procceds from issuance of senior notes
benefit from loan losses and allowance for loans and advances to financial advisors and other employees																								19,253,000	5,170,000	999,000			5,621,000	7,385,000	3,937,000	2,658,000	6,960,000	8,230,000	4,536,000	6,259,000	6,391,000	4,823,000	2,008,000	4,571,000	9,185,000	1,116,000	2,193,000	2,200,000	2,881,000	2,140,000	2,805,000	1,887,000	4,223,000	2,944,000	2,157,000	1,294,000
(gain)/losses on sale of investments
(repayments of)/proceeds from advances from the fhlb
increase in bank loans																										-138,499,000	-258,862,000	-195,186,000	-268,748,000	-405,704,000	-274,528,000	-130,566,000	-172,835,000	-630,975,000	-301,812,000	-269,337,000	-640,528,000	-789,380,000	-704,566,000	-327,931,000	-142,369,000	-18,614,000	-166,397,000	-190,183,000	-200,025,000	-110,675,000	-262,457,000	-95,197,000	-4,180,000	-77,622,000	-99,631,000	-67,585,000	-1,840,000
(repayments of)/proceeds from federal home loan bank advances																										0
issuance of common stock for acquisitions																																		0	0	9,352,000		0	0	11,427,000		0								0	0	265,918,000
maturities and principal paydowns of available-for-sale securities																											316,962,000	93,349,000		305,320,000	328,736,000	129,926,000		129,274,000	522,421,000	198,407,000		35,793,000	73,357,000	31,303,000
cash paid for income taxes, net of refunds/																											84,340,000	466,000																				30,269,000				15,264,000
provision for loan losses and allowance for loans and advances to financial advisors and other employees																												1,611,000																									2,471,000
decrease in cash and cash equivalents																												-1,217,909,000				-310,131,000		-89,138,000	19,667,000	-254,545,000		310,956,000	-213,249,000	-233,669,000		-34,837,000	238,181,000	-286,026,000
cash and cash equivalents at beginning of period																												2,069,374,000				787,085,000		0	0	912,932,000		0	0	811,019,000		0	0	689,782,000		0	0	716,560,000		0	0	403,941,000
cash and cash equivalents at end of period																												851,465,000				476,954,000		-89,138,000	19,667,000	658,387,000		310,956,000	-213,249,000	577,350,000		-34,837,000	238,181,000	403,756,000		114,828,000	-105,119,000	525,409,000		282,318,000	-206,738,000	573,664,000
tax deficit from stock-based compensation
gain on extinguishment of stifel financial capital trust																																					0	0
proceeds from/(repayments of) short-term borrowings																																				-178,000,000
proceeds from/(repayments of) advances from the fhlb
issuance of preferred stock, net of issuance costs
contingent consideration
(refunds, net of taxes paid for income taxes)/cash paid for income taxes, net of refunds																															3,790,000	-21,076,000
proceeds from/(repayments of) borrowings																																60,000,000		-27,000,000
tax deficit/(excess tax benefits) from stock-based compensation
cash segregated for regulatory purposes
sale of bank foreclosed assets
proceeds from advances from the federal home loan bank
(tax deficit)/excess tax benefits from stock-based compensation
increase/(decrease) in cash and cash equivalents																																													154,664,000			-191,151,000			-206,738,000	169,723,000
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
cash segregated for regulatory purposes and restricted cash																																		-25,025,000	64,000	73,021,000		59,310,000	-23,083,000	190,676,000		-171,000	-23,000	49,519,000	-49,607,000	-1,000	-1,000	4,266,000	149,000	-4,000	-1,000	127,998,000	-131,521,000
proceeds from issuance of preferred stock
decrease in securities sold under agreements to repurchase
restricted stock conversions																																		10,440,000	-3,728,000	-82,954,000
cash dividends on common stock
decrease in securities loaned																																				-106,474,000
extinguishment of subordinated debt																																													0	0	0	-3,131,000	0	0	0	-2,187,000	-355,000
excess tax deficit/(tax benefits) from stock-based compensation
mortgages originated as held for sale
excess (tax deficit)/tax benefits from stock-based compensation
shares surrendered into treasury																																										0	0	223,000
excess tax benefits/(tax deficit) from stock-based compensation																																							982,000	4,215,000
issuance of common stock for stock option exercises																																							0	175,000	317,000	98,000	45,000	200,000	182,000	21,000
excess tax benefits from stock-based compensation																																									2,290,000	-4,577,000	-686,000	-11,768,000	-1,638,000	-1,012,000	-276,000	-16,932,000	-1,572,000	-1,133,000	-1,076,000	-8,237,000	8,466,000
gain on acquisition
sale of aircraft
repayments of short-term borrowings
repayment of non-recourse debt																																																	-32,111,000	-20,913,000	-2,910,000	-3,058,000
proceeds/(repayments) of borrowings
proceeds from short-term borrowings from banks																																											307,068,000	20,500,000
acquisitions																																												-961,000
(repayments of)/proceeds from short-term borrowings from banks																																																359,200,000				265,100,000
proceeds from issuance of non-recourse debt
(gains)/losses on investments																																														4,051,000	-3,162,000	-1,783,000		11,016,000	-2,910,000	3,530,000
payments of short-term borrowings from banks
repurchase of treasury stock
reissuance of treasury stock																																																		442,000	212,000	297,000	8,807,000
stock units granted, net of forfeitures																																														35,640,000	30,128,000	86,347,000		45,134,000	22,692,000	137,694,000
amortization of premium/(accretion of discount) on investment portfolio																																																960,000				-2,989,000
trading securities owned, including those pledged																																																-190,216,000		-118,833,000	182,032,000	-39,304,000	-206,383,000
trading securities sold, but not yet purchased																																																233,902,000		17,934,000	-107,150,000	217,385,000	-15,398,000
maturities, calls, sales, and principal paydowns on available-for-sale securities																																																80,110,000
issuance of common stock																																																83,000		0	0	15,000
repayments of short-term borrowings from banks
increase in cash and cash equivalents																																																					275,180,000
amortization of premium on available-for-sale securities																																																					6,952,000
maturities, calls, and principal paydowns on held-to-maturity securities
sale of bank branch
net proceeds from short-term borrowings from banks																																																					-95,700,000
extinguishment of senior notes
operating activities:
gain on the sale of investments
decrease in operating assets:
brokers, dealers and clearing organizations
loans originated as mortgages held for sale
increase in operating liabilities:
investing activities:
maturities, calls and principal paydowns on available-for sale securities
maturities, calls and principal paydowns on held-to-maturity securities
sale of bank foreclosed assets held for sale
purchase of bank foreclosed assets held for sale
financing activities:
payment of federal home loan bank advances
units, net of forfeitures
issuance of common stock for acquisition of thomas weisel partners group, inc.

Stifel Financial Corp(NYSE:SF)

Stifel Financial Corp
(NYSE:SF)