Assetmark Inc. increased its holdings in shares of Stifel Financial Corporation (NYSE:SF – Free Report) by 35.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 35,780 shares of the financial services provider’s stock after purchasing an additional 9,413 shares during the period. Assetmark Inc.’s holdings in Stifel Financial were worth $2,645,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the stock. Fifth Third Bancorp increased its holdings in shares of Stifel Financial by 430.4% in the first quarter. Fifth Third Bancorp now owns 73,993 shares of the financial services provider’s stock worth $5,470,000 after purchasing an additional 60,042 shares during the period. Horizon Investments LLC raised its position in Stifel Financial by 146.7% during the fourth quarter. Horizon Investments LLC now owns 63,089 shares of the financial services provider’s stock valued at $7,900,000 after purchasing an additional 37,516 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Stifel Financial by 49.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,209 shares of the financial services provider’s stock worth $2,824,000 after buying an additional 12,727 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Stifel Financial in the first quarter worth approximately $1,001,000. Finally, Polianta Ltd bought a new position in Stifel Financial during the first quarter valued at approximately $1,522,000. 82.01% of the stock is owned by institutional investors.
Key Stifel Financial News Here are the key news stories impacting Stifel Financial this week:
Positive Sentiment: Stifel reported Q2 2026 EPS of $1.42, topping estimates, while revenue of $1.45 billion also beat forecasts; the company highlighted record revenue and stronger profitability, which supports the stock. Stifel Reports Second Quarter 2026 Results Positive Sentiment: JPMorgan raised its price target on Stifel Financial from $80 to $86, signaling improved valuation expectations even while maintaining a neutral rating. Benzinga report on JPMorgan price target increase Neutral Sentiment: Coverage around the earnings call and transcript is drawing additional attention to the quarter, but it does not appear to add materially new information beyond the reported results. Stifel Financial Corp Q2 2026 Earnings Call Highlights Neutral Sentiment: One market recap noted that Stifel missed sales expectations on a separate headline, but that appears to be outweighed by the company’s own reported beat on revenue and earnings. Stifel misses Q2 CY2026 sales expectations Stifel Financial Trading Up 0.4% NYSE SF opened at $79.63 on Friday. Stifel Financial Corporation has a 12 month low of $67.81 and a 12 month high of $89.83. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average price is $73.23 and its 200-day moving average price is $76.80. The stock has a market cap of $12.22 billion, a P/E ratio of 14.25 and a beta of 1.01.
Stifel Financial (NYSE:SF – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.09. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. Stifel Financial had a return on equity of 19.32% and a net margin of 16.11%.During the same quarter in the previous year, the firm earned $1.71 EPS. Stifel Financial’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts forecast that Stifel Financial Corporation will post 6.22 EPS for the current fiscal year.
Stifel Financial Cuts Dividend The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. Stifel Financial’s dividend payout ratio (DPR) is presently 26.46%.
Wall Street Analysts Forecast Growth SF has been the topic of several recent research reports. UBS Group set a $90.00 target price on shares of Stifel Financial in a report on Thursday. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. JPMorgan Chase & Co. boosted their target price on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.67.
View Our Latest Stock Report on SF
About Stifel Financial (Free Report)
Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.
The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.
Featured Articles Five stocks we like better than Stifel Financial Premium Retail’s Stress Test Is Separating Winners From Losers D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? GE Vernova Just Sent a Mixed AI Signal to Investors Alphabet Crushed Earnings, But One Number Spooked the Market Want to see what other hedge funds are holding SF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stifel Financial Corporation (NYSE:SF – Free Report).
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Custom Health Holdings Inc (TSX:CHLT) just landed Buy-rated coverage from Stifel, with analysts setting a C$12 price target and pointing to upside as high as C$18 a share.
The pitch: a pill-dispensing platform that's quietly solving one of healthcare's most expensive headaches.
That headache is medication non-adherence, which costs the US healthcare system an eye-watering $0.5 trillion a year. Only about half of prescriptions get taken as directed, and the fallout, hospitalizations, ER visits, disease progression, adds up fast.
Custom Health's answer is a full-stack system: a device called Spencer that dispenses and monitors pills at home, an AI-powered platform called AdhereNet, and a network of automated pharmacies behind it. Stifel says the result is a 98% adherence rate, far above the industry norm.
Insurers have taken notice. Custom Health already has more than 100,000 patients contracted through deals with major US health plans, including Humana (NYSE:HUM), Elevance and BlueCross BlueShield, plus pain management specialists Commonwealth and BKC. Stifel expects the company to nearly triple its active patient count next year, from about 6,000 to 17,000, helped along by its recent acquisition of InnovativeRx, with revenue more than doubling.
One area where Custom Health has a particularly good story to tell: opioids. The platform helps physicians safely wean patients off opioid prescriptions, which lines up with the NOPAIN Act, a law that kicked in this past January and sweetens Medicare reimbursement for opioid-reduction efforts. Better adherence also tends to boost Medicare Star ratings, translating into higher rebates and bonus payments for health plans.
The typical Custom Health patient is in their 50s or 60s and juggling more than 10 chronic medications, exactly the population set to grow as the US and Canada keep aging.
Stifel thinks the InnovativeRx deal could unlock 4x revenue growth over the next two to three years as Custom Health works through 30,000 of the 100,000 patients already under contract, with more acquisitions still on the table.
The margin story is arguably the most compelling part: the Spencer device alone represents close to a $200 million recurring revenue opportunity at gross margins north of 60%. Layered on top of traditional pharmacy dispensing margins around 20%, Stifel sees a path to EBITDA margins in the high teens, well above what most pharmacy peers manage.
Stifel's initiation wasn't the only news out of Custom Health this month. The company has since signed a binding letter of intent to acquire Wisconsin-based Evergreen Pharmacy LLC, a deal expected to add more than US$78 million in annual revenue.
The price tag is modest relative to that boost: US$3.5 million total, including at least US$1 million in prescription drug inventory and US$450,000 in net working capital, cash on closing, with US$175,000 held back for six months as an indemnity cushion.
Evergreen is licensed to operate in Wisconsin, Illinois and Michigan, with room to expand into Minnesota, and specializes in managing complex therapies across behavioral health, dermatology, gastroenterology, infectious disease, rheumatology and neurology. It brought in about US$78.8 million in revenue and US$0.6 million in normalized EBITDA for the 12 months ended December 31, 2025, and posted positive net income in both fiscal 2025 and the first quarter of 2026.
For Custom Health, the deal fits neatly with the growth story Stifel laid out: more patients on complex drug regimens, a bigger Midwest footprint, and another building block toward that four-times revenue potential.
Stifel Financial Corp. (SF) Q2 2026 Earnings Call July 22, 2026 9:30 AM EDT
Company Participants
Joel Jeffrey - Senior Vice President of Investor relations
Ronald J. Kruszewski - Chairman & CEO
James Marischen - Senior VP & CFO
Conference Call Participants
Steven Chubak - Wolfe Research, LLC
Michael Brown - UBS Investment Bank, Research Division
Devin Ryan - Citizens JMP Securities, LLC, Research Division
William Katz - TD Cowen, Research Division
Brennan Hawken - BMO Capital Markets Equity Research
Y. Cho - JPMorgan Chase & Co, Research Division
Presentation
Operator
Good day, and welcome to the Stifel Financial Q2 '26 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.
Joel Jeffrey
Senior Vice President of Investor relations
Thank you, operator. Good morning, and welcome to Stifel Second Quarter 2026 Earnings Call. On behalf of Stifel Financial Corp., I will begin the call with the following information and disclaimers.
This call is being recorded. During today's presentation, we will refer to our earnings release and financial supplement, copies of which are available at stifel.com.
Today's presentation may include forward-looking statements that are subject to the risks and uncertainties that may cause actual results to differ materially. Stifel Financial Corp. does not undertake to update the forward-looking statements in this discussion. Please refer to our notices regarding forward-looking statements and non-GAAP measures that appear in our earnings release.
I will now turn the call over to our Chairman and Chief Executive Officer, Ronald Kruszewski.
Ronald J. Kruszewski
Chairman & CEO
Thanks, Joel. Good morning, everyone, and thank you for joining us. We entered 2026 with a clear plan. At the beginning of the year, we said we would grow revenue, increase our loan book by up to $4 billion, increase treasury deposits, improve operating leverage and
Ron Kruszewski, Stifel chairman and ceo, says artificial intelligence will lead to productivity gains. He says financial advisers are still valuable and AI can help them.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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MGM Buyout: The House Doesn't Always WinStifel Financial NYSE: SF reported what executives described as the strongest first half in the company’s history, with second-quarter revenue and earnings rising from a year earlier as wealth management, investment banking and net interest income all contributed to growth.
Chairman and CEO Ron Kruszewski said the firm is delivering on the plan it outlined at the start of 2026: growing revenue, expanding its loan book, increasing treasury deposits, improving operating leverage and deploying excess capital. “Six months into the year, we’re doing what we said we would do,” Kruszewski said on the company’s earnings call.
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MarketBeat Week in Review – 03/16 - 03/20Second-quarter net revenue totaled $1.45 billion, up 13% from a year earlier. Non-GAAP earnings per share were $1.42, up 25%. Kruszewski said both metrics represented the company’s second-highest second-quarter results ever. For the first half, Stifel generated record net revenue of $2.9 billion, up 15% from its prior record, and earnings per share of $2.87, up 28% from its prior record. Return on tangible common equity was approximately 24% for both the quarter and the first half, while tangible book value per share increased 15% from the prior year.
Wealth Management Revenue Hits Record Chief Financial Officer Jim Marischen said Global Wealth Management generated record net revenue of $957 million, up 13% year over year. Results were driven by transactional revenue, growth in net interest income and higher asset management revenue.
Stifel Financial: A Wealth Manager’s Stock for Wealth InvestorsTotal client assets stood at $580 billion, while fee-based assets were $240 billion, up 12% and 16%, respectively, as Stifel benefited from stronger equity markets and net new asset growth. Excluding the impact of assets associated with the sale of SIA, total client assets and fee-based assets increased more than 14% and 19%, respectively, Marischen said.
Stifel also continued to grow its balance sheet, increasing its loan book by $2.6 billion during the quarter. Marischen said that included an incremental $2 billion in fund banking loans. The company remains on pace to meet its full-year guidance of up to $4 billion of loan growth.
Based on loan growth and a stable net interest margin, Marischen said Stifel expects third-quarter net interest income in the range of $290 million to $300 million. Over the past year, combined wealth management and treasury deposits increased by approximately $3.3 billion, including a more than $1 billion increase in sweep deposits and a $3.8 billion increase in treasury deposits, partially offset by a decline in Stifel Smart Rate balances.
Investment Banking Drives Institutional Growth Stifel’s Institutional Group posted revenue of $481 million, up 15% from a year earlier and the segment’s second-strongest second quarter in company history. First-half institutional revenue rose 21%, driven by a more than 43% increase in investment banking revenue.
Firmwide investment banking revenue totaled $332 million in the second quarter, up 42% year over year. Advisory revenue increased 24% to $157 million, with strength in financials, industrials and technology. Capital raising revenue rose 121% to $102 million, supported by issuer engagement in healthcare, industrials, energy and financials. Fixed income underwriting revenue increased 18% to $64 million, driven by public finance activity and higher corporate issuance.
Marischen said Stifel remains the No. 1 negotiated issue manager in public finance by deal count, with a 14% market share year to date. He said investment banking and advisory pipelines remain “very strong,” with active strategic dialogue and a reopened new issue market. Financial sponsor activity remains below historical levels, which executives said could provide upside if it recovers.
Transactional revenue declined 19% year over year, primarily due to lower fixed income revenue. Marischen noted that the prior-year period benefited from a roughly $30 million gain in the company’s aircraft business. Excluding that gain, results would have been relatively comparable to a year ago. Equity transactional revenue fell 4%, reflecting the impact of Stifel’s European restructuring.
Expenses, Capital Deployment and Buybacks Stifel continued to emphasize expense discipline. Marischen said the company lowered its compensation ratio to 57%, down 50 basis points sequentially from the first quarter and below consensus expectations. He attributed the improvement to the strong operating environment, the European reorganization and the sale of SIA. Assuming market conditions hold up, he said Stifel expects additional compensation flexibility in the second half and could land in the midpoint to lower half of its full-year compensation ratio guidance range of 56.5% to 57.5%.
Non-compensation expenses totaled $309 million, up 11% year over year, with the increase tied largely to business growth, including higher investment banking gross-ups, credit provisions, advertising and data processing. The operating non-compensation ratio was 19.6%, within the company’s full-year guidance range of 18% to 20%.
Stifel also deployed capital through business reinvestment, share repurchases and dividends. Kruszewski said those actions totaled more than $500 million in the second quarter. The company repurchased 2.4 million shares during the quarter and had 7.8 million shares remaining under its current authorization at quarter-end.
Marischen said Stifel ended the quarter with a Tier 1 leverage ratio of 11.2% and a Tier 1 risk-based capital ratio of 17.3%, reflecting deliberate capital deployment into loan growth. Based on a 10% Tier 1 leverage target, the company had nearly $480 million of excess capital after funding loan growth and repurchases.
AI Viewed as Productivity Tool, Not Replacement Kruszewski spent part of the call addressing artificial intelligence, saying he does not view AI as a replacement for financial advisors or other professionals. Instead, he described it as a productivity accelerator that can help bankers evaluate more opportunities, research analysts uncover more insights and advisors spend more time with clients.
“Markets sometimes confuse access to information with judgment,” Kruszewski said. “AI is making information more abundant. That only increases the value of judgment, trust, and relationships.”
He said advisor recruiting remains highly competitive despite market concerns that AI could diminish the value of financial advice. Stifel was ranked No. 1 in employee advisor satisfaction by J.D. Power for the fourth consecutive year, a recognition Kruszewski said reflected the firm’s focus on supporting advisors.
Executives Point to Constructive Second Half Looking ahead, Kruszewski said the broader market remains constructive, though volatility and geopolitical uncertainty remain risks. He said the economy is healthy, client dialogue is high and capital markets activity continues to broaden.
In response to analyst questions, Kruszewski said he remains optimistic about investment banking momentum across Stifel’s diversified platform, including healthcare, industrials, technology and energy. He added that bank M&A activity remains muted relative to longer-term expectations, but active dialogue continues.
On acquisitions, Kruszewski said Stifel remains disciplined and evaluates opportunities based on return on invested capital. Given current valuations in financial services, he said one of the most attractive uses of capital remains investing in Stifel’s own business and repurchasing shares when management sees a disconnect between the company’s outlook and its stock price.
“We’re building a stronger, more valuable Stifel,” Kruszewski said. “While we’re proud of what we’ve accomplished in the first half of the year, we’re even more excited about where we’re headed.”
About Stifel Financial (NYSE:SF)Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.
The firm's main business activities are organized into two core segments: Private Client Group and Institutional Group.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Stifel Financial (SF - Free Report) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.14 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +5.19%. A quarter ago, it was expected that this brokerage and investment banking firm would post earnings of $1.39 per share when it actually produced earnings of $1.45, delivering a surprise of +4.32%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Stifel, which belongs to the Zacks Financial - Investment Bank industry, posted revenues of $1.45 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.13%. This compares to year-ago revenues of $1.28 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Stifel shares have lost about 7% since the beginning of the year versus the S&P 500's gain of 9.7%.
What's Next for Stifel?While Stifel has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Stifel was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.47 on $1.46 billion in revenues for the coming quarter and $6.22 on $6.04 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Bank is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Evercore (EVR - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on July 29.
This investment bank is expected to post quarterly earnings of $3.02 per share in its upcoming report, which represents a year-over-year change of +24.8%. The consensus EPS estimate for the quarter has been revised 0% higher over the last 30 days to the current level.
Evercore's revenues are expected to be $993.52 million, up 18.4% from the year-ago quarter.
ST. LOUIS, July 22, 2026 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported net revenues of $1.45 billion for the three months ended June 30, 2026, compared with $1.28 billion a year ago. Net income available to common shareholders was $217.2 million, or $1.34 per diluted common share, compared with $145.7 million, or $0.89 per diluted common share (1) for the second quarter of 2025.
July 15, 2026 16:30 ET | Source: Stifel Financial Corporation
ST. LOUIS, July 15, 2026 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) will release its second quarter financial results before the market opens on Wednesday, July 22, 2026. The company will host a conference call to review the results at 9:30 a.m. Eastern time that same day. The conference call may include forward-looking statements.
All interested parties are invited to listen to Stifel Chairman and CEO Ronald J. Kruszewski by dialing (800) 330-6710 and referencing participant ID 4490542. A live audio webcast of the call, as well as a presentation highlighting the company’s results, will be available through Stifel’s website, www.stifel.com. For those who cannot listen to the live broadcast, a replay of the broadcast will be available through the above-referenced website beginning approximately one hour following the completion of the call.
Stifel Company Information
Stifel Financial Corp. (NYSE: SF) is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services to individuals, institutions, and municipalities. Founded in 1890 and headquartered in St. Louis, Missouri, the firm operates more than 400 offices across the United States and in major global financial centers. As a firm where success meets success, Stifel works closely with retail and institutional clients aiming to transform opportunities into achievement. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit https://www.stifel.com/investor-relations/press-releases.
Stifel Investor Relations Contact
Joel Jeffrey, Senior Vice President
(212) 271-3610 direct [email protected]
Firm Ranks No. 1 in Overall Employee Advisor Satisfaction and Three Individual Categories July 09, 2026 12:26 ET | Source: Stifel Financial Corporation
ST. LOUIS, July 09, 2026 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) announced that its Stifel, Nicolaus & Company, Incorporated broker-dealer subsidiary ranked No. 1 in employee advisor satisfaction among wealth management firms in the JD Power 2026 U.S. Financial Advisor Satisfaction StudySM.
This marks Stifel’s fourth consecutive year earning the top ranking, based on feedback from its advisors. Stifel achieved an overall score of 812 out of 1,000 – 180 points higher than the employee segment average.
In addition to finishing No. 1 overall, Stifel ranked first in three individual categories: leadership and culture, operational support, and products and marketing.
“Earning the No. 1 ranking from JD Power for the fourth consecutive year is a meaningful milestone for our firm,” said Ron Kruszewski, Chairman and CEO of Stifel. “Our advisors are the foundation of our success, and this recognition reflects the strength of our culture and our unwavering commitment to supporting their independence, growth, and ability to serve clients. While we are proud of this achievement, we are even more focused on what comes next. We will continue investing in the people, technology, and innovation that empower advisors to deliver exceptional advice and an outstanding client experience. We believe AI presents an extraordinary opportunity to enhance – not replace – the advisor by reducing friction, improving insights, and giving advisors more time to do what they do best: build trusted relationships and help clients achieve their financial goals.”
“Consistency at this level doesn’t happen by accident. It comes from continuous investment in our advisors and a deep understanding of what they need to succeed,” said Jim Zemlyak, President of Stifel and Head of Global Wealth Management. “Advisor expectations continue to evolve, and so will we. We remain committed to delivering the technology, operational support, and resources that help advisors grow their businesses while providing an exceptional experience for their clients.”
Stifel serves clients from more than 400 offices across the U.S. with approximately $580 billion in client assets as of May 31, 2026.
Stifel Company Information
Stifel Financial Corp. (NYSE: SF) is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services to individuals, institutions, and municipalities. Founded in 1890 and headquartered in St. Louis, Missouri, the firm operates more than 400 offices across the United States and in major global financial centers. As a firm where success meets success, Stifel works closely with retail and institutional clients aiming to transform opportunities into achievement. To learn more about Stifel, please visit the Company’s website at Stifel.com. For global disclosures, please visit www.stifel.com/investor-relations/press-releases.
For further information, contact:
Brian Spellecy
(314) 342-2000
June 25, 2026 16:15 ET | Source: Stifel Financial Corporation
ST. LOUIS, June 25, 2026 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for May 31, 2026, 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 and fee-based client assets increased 18% and 23%, respectively, year-over-year, excluding the sale of Stifel Independent Advisors, LLC. Growth was driven by market appreciation and solid advisor recruiting. Loan balances rose more than 2% from the prior month as demand in fund banking remained robust. Treasury deposits declined 3% in May, which was primarily a function of the timing of inflows and outflows by our corporate clients, but we continue to expect strong growth in the second quarter and beyond. Investment banking momentum remains strong, supported by increased capital raising activity. We expect second-quarter investment banking revenue to increase 25% to 30% from the second quarter of 2025.”
Selected Operating Data (Unaudited) As of % Change(millions)5/31/20265/31/2025 (1)4/30/2026 5/31/20254/30/2026Total client assets$579,678$501,357$568,887 16%2%Fee-based client assets$238,727$199,078$232,400 20%3%Private Client Group fee-based client assets$208,755$173,557$202,919 20%3%Bank loans, net (includes loans held for sale)$23,932$21,204$23,409 13%2%Client money market and insured product (2)$24,967$25,827$25,038 (3%)(0%)Treasury deposits (3)$10,805$6,155$11,116 76%(3%) (1) Total client assets and Private Client Group fee-based client assets as of May 31, 2025, include $9.3 billion and $4.4 billion, respectively, of client assets from the Stifel Independent Advisors business that was sold on February 2, 2026.
(2) Includes Smart Rate deposits, Sweep deposits, Third-party Bank Sweep Program, and Other Sweep cash.
(3) Includes Other Bank deposits and Third-party Commercial Treasury deposits, which represent Venture, Fund, and Commercial deposits at Stifel Bancorp and third-party banks.
Company Information
Stifel Financial Corp. (NYSE: SF) is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services to individuals, institutions, and municipalities. Founded in 1890 and headquartered in St. Louis, Missouri, the firm operates more than 400 offices across the United States and in major global financial centers. As a firm where success meets success, Stifel works closely with retail and institutional clients aiming to transform opportunities into achievement. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit www.stifel.com/investor-relations/press-releases.
Media Contact: Neil Shapiro (212) 271-3447 | Investor Contact: Joel Jeffrey (212) 271- 3610 | www.stifel.com/investor-relations
Victrex PLC (LSE:VCT) has spent much of the past seven years falling short of the standards it set during its heyday, but Stifel believes the specialist polymer maker is approaching an inflection point under new chief executive Jakob Sigurd Routh.
The broker initiated coverage with a 'buy' rating and a 750p price target, arguing that with the FTSE 250 group's earnings at the lowest level since 2009, risk is "asymmetrically upside weighted" and the shares offer "an attractive entry point".
Victrex is the market leader in PEEK, a high-performance polymer used as a lightweight alternative to metal in sectors including aerospace, electronics, energy and medical devices.
Its financial performance was strong between 2003 and 2018, with adjusted operating profit increasing more than fivefold to around £127 million.
Since then, however, revenue has fallen and gross margins have contracted to 45.3% from much higher levels, hit by increased Chinese competition, weakness in spinal implants, operational challenges and losses at its manufacturing facility in China.
Stifel said Routh, who joined from AB Dynamics in January, has moved quickly to address those issues. A profit improvement plan is targeting more than £10 million of savings in the 2027 financial year through lower overheads, operational efficiencies and a simplified product range.
Investors are also looking ahead to a capital markets day in September, when Routh and co are expected to outline a broader turnaround strategy, including plans for the China facility, capital allocation priorities and medium-term financial targets.
The broker argues the shares look inexpensive at around 13 times forward earnings, a discount to their five-year average valuation, despite a strong balance sheet and the prospect of improving profitability.
SAN FRANCISCO--(BUSINESS WIRE)-- #AIsoftware--SF Fire Credit Union announced the appointment of Robert Kassab as its President and Chief Executive Officer.
KILLINGTON, Vt.--(BUSINESS WIRE)--Great Gulf, the developer of the vibrant master-planned mountain resort community at Killington, announced today that it will return as the exclusive Diamond sponsor of the Stifel Killington Cup, taking place November 28-29. As part of the partnership, Great Gulf will again be the Official Presenting Sponsor of the VIP Tent at the Audi FIS Ski World Cup. Great Gulf's continued investment in the event reflects its long-term commitment to the Killington community.
New Hires Underscore Stifel’s Accelerated Investment in Public Finance Healthcare Platform March 12, 2026 09:00 ET | Source: Stifel Financial Corporation
ST. LOUIS, March 12, 2026 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced that Ajay Pathak and Bill Reisner have joined the firm as Managing Directors in Stifel’s Public Finance group to co-lead a differentiated healthcare practice. Both will be based in St. Louis, where they will accelerate the continued expansion of Stifel’s public finance platform with a unique market offering that provides capital markets and advisory solutions for hospitals and health systems amid growing sector complexity.
With decades of combined experience spanning health system leadership, municipal finance, investment banking, and strategic advisory, Mr. Pathak and Mr. Reisner will bring together complementary expertise that enhances Stifel’s ability to serve healthcare issuers navigating increasingly complex capital, regulatory, and operating environments. Stifel’s brand and deep relationships, in concert with Mr. Pathak and Mr. Reisner’s experience and leadership, present a unique moment in time to enter the sector and build an enhanced product offering within public finance.
Mr. Pathak most recently served as Chief Strategic Ventures Officer for Mercy Health, where he led enterprise-wide strategic ventures, transaction structuring and execution, market development, and integration efforts across several of the system’s most critical growth areas. Prior to Mercy, he spent more than a decade at OSF HealthCare, holding several senior leadership positions, including President and CEO of OSF’s Southern Region and the Chief Strategic Acquisition and Integration Officer at the system-level. Earlier in his career, Mr. Pathak held healthcare investment banking and strategic advisory roles at Barclays, Lehman Brothers, Navigant Consulting, and The Advisory Board Company. He holds a B.S. from Union College, a Cert. M.P.H. from the Harvard University T.H. Chan School of Public Health, and an M.B.A. from Georgetown University McDonough School of Business.
Mr. Reisner joins Stifel as a seasoned municipal finance and fixed income executive with a track record of building and leading high-performing banking, trading, and underwriting organizations. He most recently served as Co-Head of Fixed Income at Janney Montgomery Scott, where he led a national practice and played a central role in restructuring key capital markets business lines, driving revenue growth, launching new product verticals, and expanding market share. Before Janney, Mr. Reisner held a series of progressively senior roles at Oppenheimer & Co. Inc., culminating as Head of Public Finance. He holds a B.A. from Dartmouth College and an Executive M.B.A. from the Olin Business School at Washington University in St. Louis.
“Ajay and Bill reflect the strategic momentum behind Stifel’s expanded commitment to the healthcare sector,” said Peter Czajkowski, Director of Public Finance at Stifel. “Our healthcare public finance platform helps hospitals and health systems access capital and navigate increasingly complex market and regulatory environments. By bringing together these two leaders with deep health system, advisory, and capital markets experience, we’re strengthening a high-growth offering and delivering even greater value to issuers nationwide.”
Stifel Company Information
Stifel Financial Corp. (NYSE: SF) is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services to individuals, institutions, and municipalities. Founded in 1890 and headquartered in St. Louis, Missouri, the firm operates more than 400 offices across the United States and in major global financial centers. As a firm where success meets success, Stifel works closely with retail and institutional clients aiming to transform opportunities into achievement.
To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit www.stifel.com/investor-relations/press-releases.
Stifel Financial NYSE: SF recently finished one of its strongest years ever and then split its stock. Clearly, the company feels optimistic. But the question is, should shareholders?
Maybe not a household name, but Stifel is making money by catering to households, institutions, and others. Managing client investments and advising companies on deals and in the capital markets, the company is doing more business with more clients. That’s partly thanks to last year’s rebound on Wall Street activity, but also from investors moving more of their money to Stifel.
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Stifel's Growing Revenue and Operating Results To recap growth at Stifel: net revenue rose about 11% to a record $5.53 billion last year, the first time it climbed above $5 billion in the company’s 135-year history. The company then split its stock and raised its dividend. Overall, Stifel reported net income of $646.5 million with earnings per share (EPS) at $5.87.
Stifel Financial Today
SF
Stifel Financial
$72.70 +1.31 (+1.83%)
As of 02:05 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$62.90▼
$89.83Dividend Yield1.87%
P/E Ratio14.16
Price Target$91.15
Although EPS declined from 2024, the numbers don't reflect a slowdown in business. The net figure includes a $180 million legal expense taken in last year’s first quarter stemming from a FINRA case involving a former broker and client. The company says it’s appealing the ruling. Operationally, Stifel delivered earnings per share of $7.92 with a pre-tax margin of 21%, the company’s CEO said during an earnings call.
Further, as of the fourth quarter, Stifel showed it was putting shareholder money to good use, with its adjusted return on tangible common equity coming in at a very strong 31.1%.
The wealth‑management arm of Stifel is the steady, recurring part of its story. At the end of 2025, client assets reached $552 billion, up 10% from a year earlier, reflecting both market gains and money coming in. Within that, fee‑based assets rose 16% to $224.5 billion dollars. Net revenue at the unit rose 8% to $3.54 billion. The company’s investment banking unit saw revenue climb 26% to $1.2 billion.
Current Price$72.71High Forecast$103.33Average Forecast$91.15Low Forecast$80.67Stifel Financial Stock Forecast Details
Stifel also has a habit of returning cash to shareholders. The company announced in January that it was raising its quarterly dividend 11% to 51 cents per share. It was its ninth consecutive annual raise. Along with that, the company announced a 3-for-2 stock split.
Beyond the impressive raw numbers, valuation is where investors' personal judgment comes into play. Recent data show Stifel trading at a trailing price‑to‑earnings ratio around 20 and offering a dividend yield under 2%.
Analysts on Wall Street are generally positive but not overly excited, which could mark an opportunity. The consensus rating on the stock is a Moderate Buy, with a small majority of analysts slating the shares as a Buy. The average 12‑month price target is around $90, with the highest target above $100.
This all points to expectations of a steady, reasonable upside rather than a quick jump in valuation, suggesting Stifel is viewed more as a long‑term play rather than a short‑term trade.
Market Risks Are Obvious But when you play the market with a stock that’s dependent on the market, there’s always risk. Stifel’s investment‑banking business got a lift in 2025 as companies returned to the capital markets for deals and financing. But that activity can dry up quickly if the economy slows or stocks sell off, which would hit fee revenue and profits.
Stifel also runs a sizeable $32 billion bank, and like any lender, it faces credit risk if borrowers run into trouble.
Competition is another ongoing challenge. Stifel has to win advisors and clients from much larger players in the broader sector, such as Morgan Stanley NYSE: MS and Raymond James Financial NYSE: RJF, which have deep pockets and strong technology platforms.
A Competitive Future With Potential To keep up and keep growing, Stifel will need to keep investing in its systems, digital tools, and people. Those investments can squeeze profit margins if revenue growth slows. The trade‑off is clear: the company can keep gaining share in attractive markets, but it may need to spend aggressively to stay competitive.
Still, if market activity continues and wealth management keeps the appeal it now has, Stifel should benefit nicely. The company brings together a growing wealth‑management and advisory franchise, strong profitability metrics, a dividend that has been rising for years, and a new stock split. That will make the shares more accessible, all at a valuation that looks reasonable rather than stretched.
The business is tied to markets and deal activity, so expect more ups and downs than you would get from a utility or consumer staples stock. For patient investors building a diversified portfolio of financials, though, Stifel looks like a good candidate to buy on market pullbacks and then hold through the typical market cycles.
Should You Invest $1,000 in Stifel Financial Right Now?Before you consider Stifel Financial, you'll want to hear this.
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March 26, 2026 16:15 ET | Source: Stifel Financial Corporation
ST. LOUIS, March 26, 2026 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for February 28, 2026, 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, “On February 2, 2026, we completed the sale of Stifel Independent Advisors, LLC. Excluding assets related to this transaction, total client assets and fee-based client assets increased 12% and 19% year-over-year, driven by equity market appreciation and strong advisor recruiting. Client money market and insured products rose 1% from January, while venture banking growth increased treasury deposits by more than $400 million. Despite recent market volatility, first-quarter 2026 investment banking activity remains well above prior-year levels, and we expect revenue to increase 30%–40% versus the first quarter of 2025.”
Selected Operating Data (Unaudited) As of% Change(millions)2/28/20262/28/2025(1)1/31/2026(2)2/28/20251/31/2026Total client assets$557,714$506,475$561,06110%(1)%Fee-based client assets$228,012$196,380$229,42316%(1)%Private Client Group fee-based client assets$199,191$171,760$201,39616%(1)%Bank loans, net (includes loans held for sale)$22,348$21,201$22,3115%0%Client money market and insured product(3)$26,030$27,737$25,911(6)%1%Treasury deposits(4)$9,584$5,557$9,13973%5% (1)Total client assets and Private Client Group fee-based client assets as of February 28, 2025, include $9.3 billion and $4.3 billion, respectively, of client assets from the Stifel Independent Advisors business that was sold on February 2, 2026.(2)Total client assets and Private Client Group fee-based client assets as of January 31, 2026, include $10.0 billion and $4.9 billion, respectively, of client assets from the Stifel Independent Advisors business that was sold on February 2, 2026.(3)Includes Smart Rate deposits, Sweep deposits, Third-party Bank Sweep Program, and Other Sweep cash.(4)Includes Other Bank deposits and Third-party Commercial Treasury deposits, which represent Venture, Fund, and Commercial deposits at Stifel Bancorp and third-party banks. Company Information
Stifel Financial Corp. (NYSE: SF) is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services to individuals, institutions, and municipalities. Founded in 1890 and headquartered in St. Louis, Missouri, the firm operates more than 400 offices across the United States and in major global financial centers. As a firm where success meets success, Stifel works closely with retail and institutional clients aiming to transform opportunities into achievement. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit www.stifel.com/investor-relations/press-releases.
Erica Yoon Joins Firm as Technology, Media, & Telecommunications Sector Sales Specialist April 09, 2026 08:30 ET | Source: Stifel Financial Corporation
ST. LOUIS, April 09, 2026 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced that Erica Yoon has joined the firm as a Managing Director in Stifel’s Equity Sales group. Based in New York, Ms. Yoon will serve as a Technology, Media, & Telecommunications (TMT) sector specialist, deepening the firm’s relationships with institutional investors and further expanding Stifel’s reach across the technology investing ecosystem.
Ms. Yoon brings more than 20 years of experience as a TMT salesperson, with deep expertise across the technology industry and a strong track record of advising leading institutional investors. She joins Stifel from TD Cowen, where she served as a Managing Director in TMT Specialist Sales, connecting clients with the firm’s research, investment banking, and corporate access services.
“Erica brings deep sector expertise and strong institutional relationships that will meaningfully enhance our Equities platform,” said Brian Donlin, Stifel Global Co-Head of Equity Research & Sales. “We are excited to have her join our growing TMT effort, which includes sector sales specialist Brad Wilson, trading specialist Brian Woglom, and a team of 20 publishing research analysts covering nearly 200 publicly-traded TMT companies globally.”
Prior to TD Cowen, Ms. Yoon held senior TMT specialist roles at UBS Securities, Merrill Lynch, and Pac Crest Securities, where she built long-standing relationships across public equity markets and contributed to numerous IPOs and capital markets transactions.
Ms. Yoon earned an MBA from the University of Chicago Booth School of Business and a BA in Economics from Wellesley College.
Stifel’s institutional equity sales force delivers the firm’s award-winning research, banking, corporate access, and other products to clients throughout the United States, Canada and Europe and select parts of Asia and Australia.
Stifel Company Information
Stifel Financial Corp. (NYSE: SF) is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services to individuals, institutions, and municipalities. Founded in 1890 and headquartered in St. Louis, Missouri, the firm operates more than 400 offices across the United States and in major global financial centers. As a firm where success meets success, Stifel works closely with retail and institutional clients aiming to transform opportunities into achievement.
To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit www.stifel.com/investor-relations/press-releases.
The market expects Stifel Financial (SF - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. 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 stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis brokerage and investment banking firm is expected to post quarterly earnings of $1.44 per share in its upcoming report, which represents a year-over-year change of +336.4%.
Revenues are expected to be $1.48 billion, up 18.1% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 4.26% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Stifel?For Stifel, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Stifel will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Stifel would post earnings of $1.65 per share when it actually produced earnings of $1.75, delivering a surprise of +6.06%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Stifel doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAmong the stocks in the Zacks Financial - Investment Bank industry, Interactive Brokers Group, Inc. (IBKR - Free Report) , is soon expected to post earnings of $0.62 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +31.9%. This quarter's revenue is expected to be $1.73 billion, up 23.9% from the year-ago quarter.
The consensus EPS estimate for Interactive Brokers has remained unchanged over the last 30 days. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -2.44%.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Interactive Brokers will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
The Value Plus Fund gained 4.95% in the first quarter, compared with the 4.96% gain for the Russell 2000 Value Index. For small-cap tech stocks, the first quarter proved to be quite strong, in part because this group had already suffered setbacks last year and, for the most part, valuations never got out of hand. One of the biggest detractors to our strategy's performance in the quarter was Stifel Financial.
April 16, 2026 16:30 ET | Source: Stifel Financial Corporation
ST. LOUIS, April 16, 2026 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) will release its first quarter financial results before the market opens on Wednesday, April 22, 2026. The company will host a conference call to review the results at 9:30 a.m. Eastern time that same day. The conference call may include forward-looking statements.
All interested parties are invited to listen to Stifel Chairman and CEO Ronald J. Kruszewski by dialing (800) 330-6710 and referencing participant ID 2892702. A live audio webcast of the call, as well as a presentation highlighting the company’s results, will be available through Stifel’s website, www.stifel.com. For those who cannot listen to the live broadcast, a replay of the broadcast will be available through the above-referenced website beginning approximately one hour following the completion of the call.
Stifel Company Information
Stifel Financial Corp. (NYSE: SF) is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services to individuals, institutions, and municipalities. Founded in 1890 and headquartered in St. Louis, Missouri, the firm operates more than 400 offices across the United States and in major global financial centers. As a firm where success meets success, Stifel works closely with retail and institutional clients aiming to transform opportunities into achievement. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit https://www.stifel.com/investor-relations/press-releases.
Stifel Investor Relations Contact
Joel Jeffrey, Senior Vice President
(212) 271-3610 direct [email protected]
ST. LOUIS, April 22, 2026 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported net revenues of $1.48 billion for the three months ended March 31, 2026, compared with $1.26 billion a year ago. Net income available to common shareholders was $242.1 million, or $1.48 per diluted common share, compared with $43.7 million, or $0.26 per diluted common share (1) for the first quarter of 2025. Non-GAAP net income available to common shareholders was $237.5 million, or $1.45 per diluted common share for the first quarter of 2026.
Ronald J. Kruszewski, Chairman and Chief Executive Officer, said “Stifel delivered record first quarter results with approximately $1.5 billion in revenue and earnings per share of $1.48. Even amid heightened volatility driven by geopolitical events, we achieved our strongest ever first quarter performance across both operating segments, underscoring the durability and diversification of our model. Looking ahead, client engagement remains high across wealth management and institutional, and our investment banking pipelines are among the strongest we have seen. Assuming market risks remain within current expectations, we are well positioned for a strong 2026.”
Highlights
The Company reported net revenues of $1.48 billion, the second best in its history, driven by higher investment banking revenues, asset management revenues, transactional revenues, net interest income, and the recognition of a gain on the sale of Stifel Independent Advisors, LLC, which closed on February 2, 2026.Non-GAAP net income available to common shareholders of $1.45 per diluted common share. The first quarter of 2025 was negatively impacted by elevated provisions for legal matters.Investment banking revenues increased 44% over the year-ago quarter. Advisory revenues increased 59% over the year-ago quarter.Capital raising revenues increased 22% over the year-ago quarter. Record asset management revenues, up 12% over the year-ago quarter.Client assets of $538.7 billion, up 11% over the year-ago quarter.Over the last twelve months, recruited trailing twelve-month production totaled approximately $80 million.Non-GAAP pre-tax margin of 22.2%.Annualized return on tangible common equity (ROTCE) (6) of 24.8%.Tangible book value per common share (9) of $24.89, up 12% from prior year. Financial Summary (Unaudited)(000s)1Q 20261Q 2025GAAP Financial Highlights:Net revenues$1,478,161 $1,255,469 Net income(2)$242,099 $43,672 Diluted EPS(1) (2)$1.48 $0.26 Comp. ratio 57.4% 58.3%Non-comp. ratio 20.5% 36.7%Pre-tax margin 22.1% 5.0%Non-GAAP Financial Highlights:Net revenues$1,441,522 $1,255,455 Net income(2) (3)$237,477 $54,236 Diluted EPS(1) (2) (3)$1.45 $0.33 Comp. ratio(3) 57.5% 58.0%Non-comp. ratio(3) 20.3% 35.9%Pre-tax margin(4) 22.2% 6.1%ROCE(5) 17.9% 4.4%ROTCE(6) 24.8% 6.2%Global Wealth Management (assets and loans in millions) Net revenues$932,123 $850,559 Pre-tax net income$330,715 $126,405 Total client assets(7)$538,717 $485,860 Fee-based client assets(7)$219,863 $189,693 Bank loans(8)$22,185 $21,241 Institutional GroupNet revenues$495,258 $384,929 Equity$332,339 $236,192 Fixed Income$162,919 $148,737 Pre-tax net income$97,910 $27,431 Global Wealth Management
Global Wealth Management reported net revenues of $932.1 million for the three months ended March 31, 2026, compared with $850.6 million during the first quarter of 2025. Pre-tax net income was $330.7 million compared with $126.4 million in the first quarter of 2025.
Highlights
Over the last twelve months, recruited trailing twelve-month production totaled approximately $80 million.
Client assets of $538.7 billion, up 11% over the year-ago quarter, which included $9.0 billion of client assets from the Stifel Independent Advisors business that was sold on February 2, 2026.
Fee-based client assets of $219.9 billion, up 16% over the year-ago quarter, which included $4.2 billion of client assets from the Stifel Independent Advisors business that was sold on February 2, 2026. Net revenues increased 10% from a year ago:
Transactional revenues increased 9% over the year-ago quarter, reflecting an increase in client activity.
Asset management revenues increased 12% over the year-ago quarter, reflecting higher asset values due to improved market conditions and net new asset growth.
Net interest income increased 8% over the year-ago quarter primarily driven by balance sheet growth, partially offset by lower interest rates. Total Expenses:
Compensation expense as a percentage of net revenues increased to 50.7% primarily attributable to higher variable and deferred compensation costs.
Provision for credit losses decreased from the year-ago quarter as a result of a modest improvement in macroeconomic conditions, partially offset by loan growth in the retained portfolio and specific reserves on individual credits.
Non-compensation operating expenses as a percentage of net revenues decreased to 13.8% primarily attributable to lower litigation-related expenses and provision for credit losses.
Summary Results of Operations(000s) 1Q 2026 1Q 2025 Net revenues$932,123 $850,559 Transactional revenues 202,658 186,395 Asset management 459,426 409,506 Net interest income 264,368 245,534 Investment banking 6,072 5,908 Other income (401) 3,216 Total expenses$601,408 $724,154 Compensation expense 472,460 422,293 Provision for credit losses 6,535 12,020 Non-comp. operating expenses 122,413 289,841 Pre-tax net income$330,715 $126,405 Compensation ratio 50.7% 49.6%Non-compensation ratio 13.8% 35.5%Pre-tax margin 35.5% 14.9% Institutional Group
Institutional Group reported net revenues of $495.3 million for the three months ended March 31, 2026, compared with $384.9 million during the first quarter of 2025. Pre-tax net income was $97.9 million compared with $27.4 million in the first quarter of 2025.
Highlights
Investment banking revenues increased 45% from a year ago:
Advisory revenues increased 59% over the year-ago quarter, driven by higher levels of completed advisory transactions.
Equity capital raising revenues increased 37% over the year-ago quarter, driven by higher volumes and larger deal sizes.
Fixed income capital raising revenues increased 9% from the year-ago quarter primarily driven by driven by higher bond issuances reflecting a more favorable financing environment. Fixed income transactional revenues increased 12% from a year ago:
Fixed income transactional revenues increased from the year-ago quarter driven by increased client activity due to the continued normalization of the yield curve. Equity transactional revenues decreased 7% from a year ago:
Equity transactional revenues were impacted by the restructuring of our European Equities business. Those actions resulted in a $9 million reduction in equity transactional revenues year over year. Total Expenses:
Compensation expense as a percentage of net revenues decreased to 59.7% primarily attributable to revenue growth, partially offset by higher revenue-related compensation.
Non-compensation operating expenses as a percentage of net revenues decreased to 20.5% primarily attributable to revenue growth. Summary Results of Operations(000s)
1Q 2026
1Q 2025
Net revenues$495,258 $384,929 Investment banking 335,340 232,034 Advisory 218,438 137,470 Equity capital raising 67,293 49,005 Fixed income capital raising 49,609 45,559 Fixed income transactional 100,038 89,345 Equity transactional 55,359 59,590 Other 4,521 3,960 Total expenses$397,348 $357,498 Compensation expense 295,870 252,585 Non-comp. operating expenses 101,478 104,913 Pre-tax net income$97,910 $27,431 Compensation ratio 59.7% 65.6%Non-compensation ratio 20.5% 27.3%Pre-tax margin 19.8% 7.1%
Other Matters
Highlights
Total assets increased $2.5 billion, or 6%, over the year-ago quarter.On January 26, 2026, the Board of Directors declared a three-for-two stock split, effective February 26, 2026, to shareholders of record at the close of business on February 12, 2026.The Company repurchased $224.4 million, or 2.8 million shares, of its outstanding common stock during the first quarter at an average price of $80.32, including $128.0 million in connection with net-share settlements under its equity compensation plan.Weighted average diluted shares outstanding decreased primarily due to share repurchases, partially offset by the increase in the Company’s share price.The Board of Directors declared a $0.34 quarterly dividend per share, payable on March 16, 2026, to common shareholders of record on March 2, 2026.The Board of Directors declared a quarterly dividend on the outstanding shares of the Company’s preferred stock, payable on March 16, 2026, to shareholders of record on March 2, 2026. 1Q 20261Q 2025Common stock repurchases(1) Repurchases (000s)$224,360 $210,934 Number of shares (000s) 2,793 3,044 Average price$80.32 $69.30 Period end shares (000s) 153,817 154,617 Weighted average diluted shares outstanding (000s) 163,444 165,953 Effective tax rate 22.9% 16.4%Stifel Financial Corp.(10) Tier 1 common capital ratio 15.8% 14.7%Tier 1 risk-based capital ratio 18.7% 17.6%Tier 1 leverage capital ratio 11.4% 10.8%Tier 1 capital (MM)$4,530 $4,163 Risk weighted assets (MM)$24,288 $23,661 Average assets (MM)$39,724 $38,397 Quarter end assets (MM)$42,893 $40,384 AgencyRatingOutlookFitch RatingsBBB+StableS&P Global RatingsBBBStable Conference Call Information
Stifel Financial Corp. will host its first quarter 2026 financial results conference call on Wednesday, April 22, 2026, at 9:30 a.m. Eastern Time. The conference call may include forward-looking statements.
All interested parties are invited to listen to Stifel’s Chairman and CEO, Ronald J. Kruszewski, by dialing (800) 330-6710 and referencing conference ID 2892702. A live audio webcast of the call, as well as a presentation highlighting the Company’s results, will be available through the Company’s web site, www.stifel.com. For those who cannot listen to the live broadcast, a replay of the broadcast will be available through the above-referenced web site beginning approximately one hour following the completion of the call.
Company Information
Stifel Financial Corp. (NYSE: SF) is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services to individuals, institutions, and municipalities. Founded in 1890 and headquartered in St. Louis, Missouri, the firm operates more than 400 offices across the United States and in major global financial centers. As a firm where success meets success, Stifel works closely with retail and institutional clients aiming to transform opportunities into achievement. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit www.stifel.com/investor-relations/press-releases.
A financial summary follows. Financial, statistical and business-related information, as well as information regarding business and segment trends, is included in the financial supplement. Both the earnings release and the financial supplement are available online in the Investor Relations section at www.stifel.com/investor-relations.
The information provided herein and in the financial supplement, including information provided on the Company’s earnings conference calls, may include certain non-GAAP financial measures. The definition of such measures or reconciliation of such measures to the comparable U.S. GAAP figures are included in this earnings release and the financial supplement, both of which are available online in the Investor Relations section at www.stifel.com/investor-relations.
This earnings release contains certain statements that may be deemed to be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements in this earnings release not dealing with historical results are forward-looking and are based on various assumptions. The forward-looking statements in this earnings release are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among other things, the following possibilities: the ability to successfully integrate acquired companies or the branch offices and financial advisors; a material adverse change in financial condition; the risk of borrower, depositor, and other customer attrition; a change in general business and economic conditions; changes in the interest rate environment, deposit flows, loan demand, real estate values, and competition; changes in accounting principles, policies, or guidelines; changes in legislation and regulation; other economic, competitive, governmental, regulatory, geopolitical, and technological factors affecting the companies’ operations, pricing, and services; and other risk factors referred to from time to time in filings made by Stifel Financial Corp. with the Securities and Exchange Commission. For information about the risks and important factors that could affect the Company’s future results, financial condition and liquidity, see “Risk Factors” in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. Forward-looking statements speak only as to the date they are made. The Company disclaims any intent or obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Summary Results of Operations (Unaudited)
Three Months Ended (000s, except per share amounts)3/31/20263/31/2025% Change12/31/2025% ChangeRevenues: Commissions$207,834$193,6707.3 $213,204(2.5)Principal transactions 150,221 141,6606.0 153,198(1.9)Investment banking 341,412 237,94243.5 455,856(25.1)Asset management 459,457 409,54112.2 455,7970.8 Other income 55,679 10,581426.2 5,424926.5 Operating revenues 1,214,603 993,39422.3 1,283,479(5.4)Interest revenue 451,049 475,632(5.2) 469,377(3.9)Total revenues 1,665,652 1,469,02613.4 1,752,856(5.0)Interest expense 187,491 213,557(12.2) 192,277(2.5)Net revenues 1,478,161 1,255,46917.7 1,560,579(5.3)Non-interest expenses: Compensation and benefits 848,334 732,22015.9 925,154(8.3)Non-compensation operating expenses 303,755 459,885(33.9) 327,516(7.3)Total non-interest expenses 1,152,089 1,192,105(3.4) 1,252,670(8.0)Income before income taxes 326,072 63,364414.6 307,9095.9 Provision for income taxes 74,653 10,372619.8 43,54871.4 Net income 251,419 52,992374.4 264,361(4.9)Preferred dividends 9,320 9,3200.0 9,3200.0 Net income available to common shareholders$242,099$43,672454.4 $255,041(5.1)Earnings per common share:(1) Basic$1.56$0.28457.1 $1.65(5.5)Diluted$1.48$0.26469.2 $1.54(3.9)Cash dividends declared per common share(1)$0.34$0.319.7 $0.319.7 Weighted average number of common shares outstanding:(1) Basic 155,508 157,146(1.0) 154,1810.9 Diluted 163,444 165,953(1.5) 165,516(1.3) Non-GAAP Financial Measures (11)
Three Months Ended(000s, except per share amounts)3/31/20263/31/2025GAAP net income$251,419 $52,992 Preferred dividend 9,320 9,320 Net income available to common shareholders 242,099 43,672 Non-GAAP adjustments: Net revenue adjustments(12) (13) (36,639) (14)Merger-related(14) 28,815 12,675 Restructuring and severance(15) 1,831 — Provision for income taxes(16) 1,371 (2,097)Total non-GAAP adjustments (4,622) 10,564 Non-GAAP net income available to common shareholders$237,477 $54,236 Weighted average diluted shares outstanding(1) 163,444 165,953 GAAP earnings per diluted common share(1)$1.54 $0.31 Non-GAAP adjustments(1) (0.03) 0.07 Non-GAAP earnings per diluted common share(1)$1.51 $0.38 GAAP earnings per diluted common share available to common shareholders(1)$1.48 $0.26 Non-GAAP adjustments(1) (0.03) 0.07 Non-GAAP earnings per diluted common share available to common shareholders(1)$1.45 $0.33 GAAP to Non-GAAP Reconciliation (11)
Three Months Ended(000s)3/31/20263/31/2025GAAP net revenues$1,478,161 $1,255,469 Non-GAAP adjustments: Gain on sale of business(12) (49,784) — Litigation-related and other(13) 13,145 (14)Total non-GAAP adjustments (36,639) (14)Non-GAAP net revenues$1,441,522 $1,255,455 GAAP compensation and benefits$848,334 $732,220 As a percentage of net revenues 57.4% 58.3%Non-GAAP adjustments: Merger-related(14) (17,628) (4,056)Restructuring and severance(15) (1,831) — Total non-GAAP adjustments (19,459) (4,056)Non-GAAP compensation and benefits$828,875 $728,164 As a percentage of non-GAAP net revenues 57.5% 58.0% GAAP non-compensation expenses$303,755 $459,885 As a percentage of net revenues 20.5% 36.7%Non-GAAP adjustments: Merger-related(14) (11,187) (8,619)Non-GAAP non-compensation expenses$292,568 $451,266 As a percentage of non-GAAP net revenues 20.3% 35.9%Total adjustments before income taxes($5,993)$12,661 Footnotes
(1) All share and per share information has been retroactively adjusted to reflect the February 2026 three-for-two stock split.
(2) Represents available to common shareholders.
(3) Reconciliations of the Company’s GAAP results to these non-GAAP measures are discussed within and under “Non-GAAP Financial Measures” and “GAAP to Non-GAAP Reconciliation.”
(4) Non-GAAP pre-tax margin is calculated by adding total merger-related expenses (non-GAAP adjustments) and dividing it by non-GAAP net revenues. See “Non-GAAP Financial Measures” and “GAAP to Non-GAAP Reconciliation.”
(5) Return on average common equity (“ROCE”), a non-GAAP financial measure, is calculated by dividing full year or annualized net income applicable to common shareholders by average common shareholders’ equity.
(6) Return on average tangible common equity (“ROTCE”), a non-GAAP financial measure, is calculated by dividing full year or annualized net income applicable to common shareholders by average tangible common equity. Tangible common equity, also a non-GAAP financial measure, equals total common shareholders’ equity less goodwill and identifiable intangible assets and the deferred taxes on goodwill and intangible assets. Average deferred taxes on goodwill and intangible assets were $92.5 million and $82.5 million as of March 31, 2026, and 2025, respectively.
(7) Total client assets and fee-based client assets as of March 31, 2025, include $9.0 billion and $4.2 billion, respectively, of client assets from the Stifel Independent Advisors business that was sold on February 2, 2026.
(8) Includes loans held for sale.
(9) Tangible book value per common share, a non-GAAP financial measure, represents shareholders’ equity (excluding preferred stock) divided by period end common shares outstanding. Tangible common shareholders’ equity equals total common shareholders’ equity less goodwill and identifiable intangible assets and the deferred taxes on goodwill and intangible assets.
(10) Capital ratios are estimates at the time of the Company’s earnings release, April 22, 2026.
(11) The Company prepares its Consolidated Financial Statements using accounting principles generally accepted in the United States (U.S. GAAP). The Company may disclose certain “non-GAAP financial measures” during its earnings releases, earnings conference calls, financial presentations and otherwise. The Securities and Exchange Commission defines a “non-GAAP financial measure” as a numerical measure of historical or future financial performance, financial position, or cash flows that is subject to adjustments that effectively exclude, or include, amounts from the most directly comparable measure calculated and presented in accordance with U.S. GAAP. Non-GAAP financial measures disclosed by the Company are provided as additional information to analysts, investors and other stakeholders in order to provide them with greater transparency about, or an alternative method for assessing the Company’s financial condition or operating results. These measures are not in accordance with, or a substitute for U.S. GAAP, and may be different from or inconsistent with non-GAAP financial measures used by other companies. Whenever the Company refers to a non-GAAP financial measure, it will also define it or present the most directly comparable financial measure calculated and presented in accordance with U.S. GAAP, along with a reconciliation of the differences between the non-GAAP financial measure it references and such comparable U.S. GAAP financial measure.
(12) Gain recognized on the sale of Stifel Independent Advisors, LLC during the first quarter of 2026.
(13) Primarily related to prejudgment interest recognized on legal matters.
(14) Primarily related to charges attributable to integration-related activities, signing bonuses, amortization of restricted stock awards, debentures, and promissory notes issued as retention, additional earn-out expense, and amortization of intangible assets acquired. These costs were directly related to acquisitions of certain businesses and are not representative of the costs of running the Company’s on-going business.
(15) The Company recorded severance costs associated with workforce reductions in certain of its foreign subsidiaries.
(16) Primarily represents the Company’s effective tax rate for the period applied to the non-GAAP adjustments.
Stifel Financial (SF - Free Report) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +4.32%. A quarter ago, it was expected that this brokerage and investment banking firm would post earnings of $1.65 per share when it actually produced earnings of $1.75, delivering a surprise of +6.06%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Stifel, which belongs to the Zacks Financial - Investment Bank industry, posted revenues of $1.48 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 4.78%. This compares to year-ago revenues of $1.26 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Stifel shares have lost about 1.5% since the beginning of the year versus the S&P 500's gain of 3.2%.
What's Next for Stifel?While Stifel has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Stifel was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.46 on $1.48 billion in revenues for the coming quarter and $6.27 on $6.12 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Bank is currently in the bottom 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, LPL Financial Holdings Inc. (LPLA - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on April 30.
This company is expected to post quarterly earnings of $5.49 per share in its upcoming report, which represents a year-over-year change of +6.6%. The consensus EPS estimate for the quarter has been revised 4.3% lower over the last 30 days to the current level.
LPL Financial Holdings Inc.'s revenues are expected to be $4.98 billion, up 34.9% from the year-ago quarter.
Stifel Financial Corp. had decent results from pro-volatility businesses but even better results from businesses otherwise more threatened by the dealmaking slump. There may be some pause after Q1 in biotech depositories, but the decent market environment despite the Iran War may not threaten capital raising and industrial advisory too much. Growth should still be possible, though we wouldn't be surprised by some deceleration, even if overall dealmaking is supposed to have recovered, possibly driven by large tickets, though.
Stifel Financial is a durable, relationship-driven financial franchise compounding value across cycles, with a current price undervaluing its earnings power. Q1'26 results showed 15% YoY revenue growth, record wealth management, and firm-wide pretax margins above 22%, with broad-based segment contributions. SF's outlook is supported by strong investment banking pipelines, adviser recruitment, and AI-driven productivity, positioning it for cyclical upswing without requiring perfect conditions.
17 Outstanding Banks Recognized for Best-In-Class Earnings Growth Over the Past Decade April 28, 2026 08:30 ET | Source: Keefe, Bruyette & Woods, Inc. (KBW)
NEW YORK, April 28, 2026 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly-owned subsidiary of Stifel Financial Corp. (NYSE: SF), today named 17 U.S. banking institutions, just 6% of eligible banks, to the coveted 2026 KBW Bank Honor Roll.
KBW congratulates the 10 returning members to this year’s Honor Roll, including 1st Source Corporation (SRCE), BancFirst Corporation (BANF), Coastal Financial Corporation (CCB), Esquire Financial Holdings, Inc. (ESQ), First Citizens BancShares, Inc. (FCNCA), HomeTrust Bancshares, Inc. (HTB), Magyar Bancorp, Inc. (MGYR), Northeast Bank (NBN), NorthEast Community Bancorp, Inc. (NECB), and Pathward Financial, Inc. (CASH).
Two of these banks have consistently been named to the KBW Bank Honor Roll, including BANF (14 consecutive years), and SRCE (eight consecutive years).
In addition, KBW welcomes seven new members to the Honor Roll this year, including: Amalgamated Financial Corp. (AMAL), CF Bankshares Inc. (CFBK), Live Oak Bancshares, Inc. (LOB), Metropolitan Bank Holding Corp. (MCB), Orange County Bancorp, Inc. (OBT), Popular, Inc. (BPOP), and Wintrust Financial Corporation (WTFC).
These 17 elite banks were named to the KBW Bank Honor Roll based on two central criteria: 1) consistent earnings growth over each of the past 10 years; and/or 2) top 5% of eligible banks based on 10-year EPS CAGR. As with prior Honor Rolls, banks must have more than $500 million in total assets to be eligible. Two banks, CASH and ESQ, had the elite distinction of satisfying both criteria.
“This year’s Honor Roll banks continue to demonstrate peer-leading fundamentals across the business cycle, and the market is rightfully rewarding these banks with premium valuations,” said Thomas B. Michaud, KBW President and CEO. “We congratulate the 2026 class of Honor Roll banks for this distinguished accomplishment.”
Over the five-year period ending in 2025, KBW Bank Honor Roll stocks yielded a total return of 172%, significantly outperforming both the KBW Nasdaq Bank Index (BKX, 96%) and the KBW Nasdaq Regional Banking Index (KRX, 53%).
Christopher McGratty, KBW’s Head of U.S. Banks Research, added, “Consistency remains a key differentiator of the most successful banks and a characteristic that is contributing to notable stock outperformance for this year’s Honor Roll banks.”
About KBW
KBW (Keefe, Bruyette & Woods, Inc., operating in the U.S., and Stifel Nicolaus Europe Limited, also trading as Keefe, Bruyette & Woods Europe, operating in Europe) is a Stifel company. Over the years, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking, and specialty finance sectors. Founded in 1962, the firm maintains industry‐leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities securities of financial services companies.
May 01, 2026 16:30 ET | Source: Stifel Financial Corporation
ST. LOUIS, May 01, 2026 (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 $0.34 per share, payable June 15, 2026, to shareholders of record at the close of business on June 1, 2026.
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 Perpetual Preferred Stock, Series C (the “Series C Preferred Stock”), and 4.50% Non-Cumulative Perpetual Preferred Stock, Series D (the “Series D Preferred Stock”). The declared cash dividend on the Series B Preferred Stock, Series C Preferred Stock, and Series D Preferred Stock is for the period from March 16, 2026, up to, but excluding, June 15, 2026. The declared cash dividend equated to approximately $0.390625 per depositary share, or $390.625 per share of the Series B Preferred Stock outstanding. The declared cash dividend equated to approximately $0.3828125 per depositary share, or $382.8125 per share of the Series C Preferred Stock outstanding. The declared cash dividend equated to approximately $0.281250 per depositary share, or $281.250 per share of the Series D Preferred Stock outstanding. The cash dividends are payable on June 15, 2026 to shareholders of record on June 1, 2026.
The Company’s Series B Preferred Stock trades on the New York Stock Exchange under the symbol “SF PrB”, the Company’s Series C Preferred Stock trades on the New York Stock Exchange under the symbol “SF PrC”, and the Company’s Series D Preferred Stock trades on the New York Stock Exchange under the symbol “SF PrD.”
Stifel Company Information
Stifel Financial Corp. (NYSE: SF) is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services to individuals, institutions, and municipalities. Founded in 1890 and headquartered in St. Louis, Missouri, the firm operates more than 400 offices across the United States and in major global financial centers. As a firm where success meets success, Stifel works closely with retail and institutional clients aiming to transform opportunities into achievement. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit https://www.stifel.com/investor-relations/press-releases.
Stifel Investor Relations Contact
Joel Jeffrey, Senior Vice President
(212) 271-3610 direct [email protected]
Industry Veterans Bret Turner & Sayoji Goli Join to Lead New Effort May 05, 2026 08:30 ET | Source: Stifel Financial Corporation
ST. LOUIS, May 05, 2026 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced the launch of a Project Finance platform to support the development of energy and infrastructure sectors and bridge the transition financing gap. The initiative is led by newly appointed Managing Directors Bret Turner and Sayoji Goli.
Turner and Goli join Stifel from First Citizens Bank and bring over a decade of collaboration and a proven track record of advancing emerging technologies and business models. Turner previously founded and scaled the project finance platform at Silicon Valley Bank, building it into one of the leading renewable energy lending businesses in the United States prior to its acquisition by First Citizens Bank.
Stifel’s Project Finance platform is designed to support companies and sponsors scale by financing proven commercial technologies in established and emerging infrastructure assets with strong credit profiles. The Project Finance product expansion compliments the recent addition of Energy Tech and established Deep Tech teams supporting the next evolution of global energy production and consumption. The offering includes a range of financing solutions, including development loans, construction-to-term loans, interest rate swaps, depository services, and investment banking advisory.
“These key hires significantly enhance Stifel’s ability to finance infrastructure across the energy and industrial sectors,” said Chris Reichert, Stifel Bank CEO. “Their addition supports Stifel’s differentiated approach of integrating Project Finance with our Venture Banking, Fund Banking, and Capital Markets capabilities, enabling support for investors and portfolio companies from early-stage development through commercialization and monetization.”
“The need for reliable, affordable, and clean power, driven by rapid electrification and digitalization, is creating significant demand for new infrastructure needs that will require vast amounts of capital,” said Turner. “This platform allows us to bring our experience in structuring and executing, across both established and emerging technologies, to the Stifel client base.”
Stifel Company Information
Stifel Financial Corp. (NYSE: SF) is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services to individuals, institutions, and municipalities. Founded in 1890 and headquartered in St. Louis, Missouri, the firm operates more than 400 offices across the United States and in major global financial centers. As a firm where success meets success, Stifel works closely with retail and institutional clients aiming to transform opportunities into achievement.
Stifel Bank and Stifel Bank & Trust, Members FDIC, offer a full range of consumer and commercial lending solutions.
To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit www.stifel.com/investor-relations/press-releases.
May 28, 2026 16:15 ET | Source: Stifel Financial Corporation
ST. LOUIS, May 28, 2026 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for April 30, 2026, 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, “Excluding the sale of Stifel Independent Advisors, LLC, total and fee-based client assets rose 19% and 25% year over year, respectively, driven by market appreciation and continued success in recruiting productive financial advisors. Treasury Deposits increased by 7% in April as venture banking delivered strong growth, helping to partially offset seasonal declines in client money market and insured product balances. Loan growth also strengthened in April, increasing more than $1.2 billion as fund banking activity rose significantly.”
Selected Operating Data (Unaudited) As of% Change(millions)4/30/20264/30/2025(1)3/31/20264/30/20253/31/2026Total client assets$568,887$485,551$538,71717%6%Fee-based client assets$232,400$190,545$219,86322%6%Private Client Group fee-based client assets$202,919$166,029$191,70822%6%Bank loans, net (includes loans held for sale)$23,409$21,536$22,1859%6%Client money market and insured product(2)$25,038$26,073$26,940(4%)(7%)Treasury deposits(3)$11,116$5,904$10,42888%7% (1) Total client assets and Private Client Group fee-based client assets as of April 30, 2025, include $9.0 billion and $4.2 billion, respectively, of client assets from the Stifel Independent Advisors business that was sold on February 2, 2026.
(2) Includes Smart Rate deposits, Sweep deposits, Third-party Bank Sweep Program, and Other Sweep cash.
(3) Includes Other Bank deposits and Third-party Commercial Treasury deposits, which represent Venture, Fund, and Commercial deposits at Stifel Bancorp and third-party banks.
Company Information
Stifel Financial Corp. (NYSE: SF) is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services to individuals, institutions, and municipalities. Founded in 1890 and headquartered in St. Louis, Missouri, the firm operates more than 400 offices across the United States and in major global financial centers. As a firm where success meets success, Stifel works closely with retail and institutional clients aiming to transform opportunities into achievement. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit www.stifel.com/investor-relations/press-releases.
Media Contact: Neil Shapiro (212) 271-3447 | Investor Contact: Joel Jeffrey (212) 271- 3610 | www.stifel.com/investor-relations
