分组1 - The Federal Reserve held interest rates steady at a range of 3.5% to 3.75% during its January FOMC meeting, indicating the economy is expanding at a solid pace [4] - Investors are optimistic about potential future rate cuts as inflation eases, but the Fed has not provided a clear outlook on its rate cut path [2][4] - Wall Street's major indexes reached all-time highs earlier in the month but have since experienced volatility due to various factors, including a criminal investigation into Fed Chairman Jerome Powell and rising inflation [5] 分组2 - MSCI Inc. announced a dividend of $2.05 per share, with a dividend yield of 1.24% and a payout ratio of 43% [7][13] - First Horizon Corporation declared a dividend of $0.17 per share, offering a dividend yield of 2.47% and a payout ratio of 32% [9][13] - Stifel Financial Corp. announced a dividend of $0.51 per share, with a dividend yield of 1.46% and a payout ratio of 29% [10][13] - Trustmark Corporation declared a dividend of $0.25 per share, providing a dividend yield of 2.33% and a payout ratio of 26% [12][13]

Shares of Stifel Financial Corp. ( SF ) have been a solid performer over the past year, gaining about 9%. The company is benefiting from growth in its wealth management business, and in Q4, institutional activity exceeded expectations, helping to drive an earnings beat. Given the qualityOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock o ...

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Stifel Financial (NYSE:SF) Q4 2025 Earnings call January 28, 2026 09:30 AM ET Company ParticipantsJames M. Marischen - CFOJoel Jeffrey - Head of Investor RelationsRonald J. Kruszewski - Chairman and CEOConference Call ParticipantsBrennan Hawken - Senior Equity Research AnalystDevin Ryan - AnalystMichael Brown - Managing Director and Equity Research AnalystMichael Cho - AnalystSteven Chubak - AnalystWilliam Katz - AnalystNone - AnalystOperatorGood day, and welcome to the Stifel Financial Fourth Quarter 2025 ...

Stifel Financial (NYSE:SF) Q4 2025 Earnings call January 28, 2026 09:30 AM ET Company ParticipantsJames M. Marischen - CFOJoel Jeffrey - Head of Investor RelationsRonald J. Kruszewski - Chairman and CEOConference Call ParticipantsBrennan Hawken - Senior Equity Research AnalystDevin Ryan - AnalystMichael Brown - Managing Director and Equity Research AnalystMichael Cho - AnalystSteven Chubak - AnalystWilliam Katz - AnalystOperatorGood day, and welcome to the Stifel Financial Fourth Quarter 2025 Financial Resu ...

Stifel Financial (NYSE:SF) Q4 2025 Earnings call January 28, 2026 09:30 AM ET Speaker7Good day, and welcome to the Stifel Financial Fourth Quarter 2025 Financial Results Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Joel Jeffrey, Head of Investor Relations. Please go ahead.Speaker3Thank you, operator. Good morning, and welcome to Stifel Financial's fourth quarter and full year 2025 earnings call. On behalf of Stifel Financial Corp, I will be ...

Fourth Quarter 2025 Financial Results Presentation January 28, 2026 Quarterly Earnings Report 2025 Snapshot 2025 RESULTS millions, except per share and ratios Record Net Revenue HIGHLIGHTS NET REVENUE GAAP & NON-GAAP $5,530 PRE-TAX MARGIN GAAP 15.8% NON-GAAP 17.9% NET EARNINGS GAAP $646 NON-GAAP $744 EPS GAAP $5.87 NON-GAAP $6.76 ROCE GAAP 12.9% NON-GAAP 14.8% ROTCE* GAAP 18.2% NON-GAAP 21.0% Second Highest Institutional Group Revenue Record Revenue for Global Wealth Management Record Asset Management Reven ...

Core Insights - Stifel Financial reported quarterly earnings of $2.63 per share, exceeding the Zacks Consensus Estimate of $2.48 per share, and showing an increase from $2.23 per share a year ago, resulting in an earnings surprise of +6.05% [1] - The company achieved revenues of $1.56 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 3.96% and up from $1.36 billion year-over-year [2] - Stifel has outperformed consensus EPS estimates three times in the last four quarters, indicating a positive trend in earnings performance [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.17 on revenues of $1.47 billion, while for the current fiscal year, the estimate is $9.58 on revenues of $6.16 billion [7] - The earnings outlook is crucial for investors, as it reflects current consensus expectations and any recent changes in those expectations [4] Industry Context - The Financial - Investment Bank industry, to which Stifel belongs, is currently ranked in the top 14% of over 250 Zacks industries, suggesting a favorable environment for performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] Stock Performance - Stifel shares have increased by approximately 0.9% since the beginning of the year, compared to a 1.9% gain in the S&P 500 [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6]

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

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