Financial Performance - Net revenues for Q4 2024 reached $1,364,682, a 19.0% increase from $1,146,379 in Q4 2023[2] - Net income for Q4 2024 was $244,005, reflecting a 50.2% growth compared to $162,484 in Q4 2023[3] - Earnings per diluted common share increased to $2.18 in Q4 2024, up 49.3% from $1.46 in Q4 2023[2] - Total revenues for the year ended 2024 were $5,951,686, a 15.4% increase from $5,159,280 in 2023[3] - Total revenues for Q4 2024 reached $1,592,911, a 14.6% increase compared to $1,390,130 in Q4 2023[4] - Net income for Q4 2024 was $259,030, reflecting a 47.3% increase from $175,907 in Q4 2023[4] - GAAP net revenues for the year ended December 31, 2024, reached $4,970,320, an increase from $4,348,944 in the previous year[19] - Non-GAAP net revenues for the three months ended December 31, 2024, were $1,364,721, compared to $1,146,419 for the same period in 2023[19] Revenue Sources - Investment banking revenues for Q4 2024 were $304,419, a 48.0% increase from $205,664 in Q4 2023[3] - Asset management revenues rose to $405,825 in Q4 2024, up 22.8% from $330,536 in Q4 2023[3] - Global Wealth Management net revenues grew by 12.9% to $865,209 in Q4 2024, up from $766,028 in Q4 2023[5] - Revenues from asset management grew by 22.8% to $405,825, compared to $330,536 in the previous year[9] - Investment banking revenues increased by 48.8% year-over-year to $299.2 million, driven by a 52.4% rise in capital raising activities[11] Expenses and Costs - Non-interest expenses for Q4 2024 totaled $1,098,481, a 16.8% increase from $940,384 in Q4 2023[3] - Total non-interest expenses for Q4 2024 were $1,082,130, up 17.2% from $923,503 in Q4 2023[4] - Compensation and benefits expenses rose by 16.7% to $419,466 compared to $359,376 in the same quarter last year[8] - Compensation and benefits expense for the three months ended December 31, 2024, was $795,750, up from $674,437 in the prior year[19] Assets and Capital - Total assets as of December 31, 2024, were $39,895,540, a 5.7% increase from $37,727,460 a year earlier[6] - Common equity tier 1 capital increased to $3,645,786, a 12.8% rise from $3,230,965 in the previous year[7] - Total client assets reached $501,402,000, reflecting a 12.8% increase from $444,318,000 year-over-year[9] - Total assets for Stifel Bancorp grew to $31.4 billion, reflecting a 5.6% increase from $29.7 billion in 2023[12] - Total loans, net, increased by 8.0% to $21.3 billion, with significant growth in commercial and industrial loans, which rose by 13.9%[12] Credit Quality and Losses - The company reported a provision for credit losses of $11,893 in Q4 2024, a significant increase of 425.5% from $2,263 in Q4 2023[3] - Nonperforming assets surged by 254.0% year-over-year to $160.9 million, indicating potential credit quality concerns[12] - The allowance for credit losses stood at $170.0 million, representing 0.81% of retained loans[12] Tax and Regulatory Information - The effective tax rate for Q4 2024 was 8.3%, significantly lower than 21.1% in Q4 2023[6] - The effective tax rate for the three months ended December 31, 2024, was 8.3%, a decrease from 21.1% in the same period last year[19] - Regulatory capital amounts and ratios are estimates as of January 29, 2025, highlighting the company's ongoing compliance with financial regulations[1] Operational Adjustments - The company recorded severance costs associated with workforce reductions in certain foreign subsidiaries, reflecting operational adjustments[1] - The company began sweeping certain commercial treasury deposits to third-party banks in Q1 2024, enhancing liquidity management strategies[1] Miscellaneous - The weighted average number of diluted common shares outstanding was 112,089, a 0.7% increase from 111,330 in Q4 2023[3] - Financial advisors decreased to 2,342, down 1.8% from 2,386 in the previous year[9] - The investment portfolio totaled $8.3 billion, with collateralized loan obligations (CLOs) making up 78% of the portfolio[13] - The company managed client assets in Treasury Securities with maturities of 52 weeks or less, indicating a focus on short-term investments[1] - The average deferred taxes on goodwill and intangible assets were reported at $80.3 million as of December 31, 2024, showing the impact of tax strategies on financial results[1] - Stifel Financial Corp. includes capital raising and advisory revenues in its financial performance metrics, emphasizing its diversified revenue streams[1] - The tangible book value per share as of December 31, 2024, was calculated based on tangible common shareholders' equity, reflecting the company's financial health[1]

Core Viewpoint - Stifel Financial Corp. reported record net revenues and significant growth in net income for both the fourth quarter and the full year of 2024, demonstrating resilience and strength in its business model despite previous challenges in the institutional segment [3][8]. Financial Performance - The company achieved net revenues of $1.36 billion for Q4 2024, up from $1.15 billion in Q4 2023, representing a 19% increase [1][9]. - For the full year 2024, net revenues reached $4.97 billion, compared to $4.35 billion in 2023, marking a 14.3% increase [2][9]. - Net income available to common shareholders for Q4 2024 was $234.7 million, or $2.09 per diluted share, compared to $153.2 million, or $1.38 per diluted share in Q4 2023, reflecting a 53.2% increase [1][9]. - Full year net income available to common shareholders was $694.1 million, or $6.25 per diluted share, up from $485.3 million, or $4.28 per diluted share in 2023, a 43% increase [2][9]. Segment Performance - The Global Wealth Management segment reported record net revenues of $865.2 million for Q4 2024, up 13% from $766.0 million in Q4 2023 [11][14]. - The Institutional Group reported net revenues of $478.3 million for Q4 2024, a 33% increase from $359.3 million in Q4 2023, with pre-tax net income rising significantly from $7.8 million to $95.7 million [19][20]. Revenue Drivers - Investment banking revenues increased by 48% year-over-year in Q4 2024, driven by higher advisory and capital raising revenues [8][22]. - Asset management revenues reached record levels, up 18% over 2023, contributing to the overall revenue growth [8][37]. - Total client assets in the Global Wealth Management segment reached $501.4 billion, a 13% increase from the previous year [14][30]. Operational Efficiency - The company maintained a non-GAAP pre-tax margin of 20.7% for Q4 2024, up from 19.4% in Q4 2023 [9][70]. - The return on average tangible common equity (ROTCE) for the full year 2024 was 22.7%, compared to 16.6% in 2023, indicating improved profitability [9][74]. Strategic Initiatives - Stifel recruited 100 financial advisors during 2024, including 34 experienced employee advisors, enhancing its advisory capabilities [8][33]. - The Board of Directors approved a 10% increase in the common stock dividend, reflecting confidence in the company's financial health [8][55].

ST. LOUIS, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced that its Board of Directors has declared a cash dividend on shares of its common stock of $0.46 per share, payable March 17, 2025, to shareholders of record at the close of business on March 3, 2025. The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 6.25% Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”), 6.125% Non-Cumulative Perpetua ...

Core Viewpoint - Stifel Financial Corp. is set to release its fourth quarter and full year 2024 financial results on January 29, 2025, before market opening, followed by a conference call to discuss the results [1] Group 1: Financial Results Announcement - The financial results will be released before the market opens on January 29, 2025 [1] - A conference call will be held at 9:30 a.m. Eastern time on the same day to review the results [1] - The conference call may include forward-looking statements [1] Group 2: Conference Call Details - Interested parties can listen to the call by dialing (866) 409-1555 and referencing participant ID 7408307 [2] - A live audio webcast and a presentation highlighting the results will be available on Stifel's website [2] - A replay of the broadcast will be accessible approximately one hour after the call [2] Group 3: Company Overview - Stifel Financial Corp. is a financial services holding company based in St. Louis, Missouri, operating through several wholly owned subsidiaries [3] - The company provides a range of services including securities brokerage, investment banking, trading, investment advisory, and related financial services [3] - Stifel Bank offers consumer and commercial lending solutions, while Stifel Trust Company provides trust and related services [3]

STAMFORD, Conn., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Eaton Partners, one of the largest placement agents and fund advisory firms and a wholly-owned subsidiary of Stifel Financial Corp. (NYSE:SF), is pleased to have acted as lead placement agent for Colbeck Capital Management ("Colbeck"), a leading middle-market private credit firm focused on strategic lending. Colbeck's third flagship fund, Colbeck Strategic Lending III (the "Fund" or "CSL III"), raised $700 million in capital commitments, exceeding the targe ...

The market expects Stifel Financial (SF) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if ...

STAMFORD, Conn. and HONG KONG, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Eaton Partners, one of the largest placement agents and fund advisory firms and a wholly-owned subsidiary of Stifel Financial Corp. (NYSE:SF), is pleased to have acted as the Asia-Pacific placement agent for leading growth equity firm FTV Capital ("FTV" or the "Firm") for its latest flagship fund, FTV VIII, L.P. ("FTV VIII"), which the Firm raised alongside FTV Ascend I, L.P. ("FTV Ascend"). FTV VIII and FTV Ascend held final closes of $3.4 bi ...

Expands European Advisory Footprint in Healthcare & Technology VerticalsST. LOUIS and PARIS, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced it has signed a definitive agreement to acquire Bryan, Garnier & Co. (“Bryan Garnier”), a leading independent full-service investment bank focused on European technology and healthcare companies. Terms of the transaction were not disclosed. Founded in 1996, Bryan Garnier’s product suite includes mergers & acquisitions advisory, priva ...

ST. LOUIS, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for November 30, 2024 in an effort to provide timely information to investors on certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed. Ronald J. Kruszewski, Chairman and Chief Executive Officer, said, “In November, total client assets under management climbed to a record $514 billion, including a record $197 bi ...

ST. LOUIS, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for October 31, 2024 in an effort to provide timely information to investors on certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed. Ronald J. Kruszewski, Chairman and Chief Executive Officer, said, “Total client assets and fee-based assets increased 22% and 28%, respectively, from the same period a year ago, ...