v3.25.1
Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance
The following table contains additional compensation and performance information for our CEO (our principal executive officer) and other named executive officers (“NEOs”) for the fiscal years noted in the table. The disclosure included in this section is prescribed by SEC rules. For a discussion of how the company views its executive compensation program, including alignment with company performance, see the section titled “Compensation Discussion and Analysis” above.
​
Year
​ ​
Summary
Compensation
Table Total for
CEO
($)
​ ​
Compensation
Actually Paid
to CEO(1)
($)
​ ​
Average
Summary
Compensation
Table Total for
Non-CEO
NEOs(2)
($)
​ ​
Average
Compensation
Actually Paid
to Non-CEO
NEOs(2)
($)
​ ​
Value of Initial
Fixed $100
Investment
Based on:
​ ​
GAAP
Net
Income
($)
​ ​
Adjusted
Pre-Tax
Operating
Income(4)
($)
​
​
TSR
($)
​ ​
Peer
Group
TSR(3)
($)
​
​ 2024 ​ ​ ​ ​ 8,426,742 ​ ​ ​ ​ ​ 27,219,207 ​ ​ ​ ​ ​ 4,264,015 ​ ​ ​ ​ ​ 9,391,344 ​ ​ ​ ​ ​ 441.76 ​ ​ ​ ​ ​ 199.14 ​ ​ ​ ​ ​ 181,114,000 ​ ​ ​ ​ ​ 303,731,000 ​ ​
​ 2023 ​ ​ ​ ​ 11,191,449 ​ ​ ​ ​ ​ 15,462,145 ​ ​ ​ ​ ​ 4,325,169 ​ ​ ​ ​ ​ 6,263,201 ​ ​ ​ ​ ​ 253.53 ​ ​ ​ ​ ​ 155.12 ​ ​ ​ ​ ​ 98,973,000 ​ ​ ​ ​ ​ 212,943,000 ​ ​
​ 2022 ​ ​ ​ ​ 11,109,428 ​ ​ ​ ​ ​ 4,446,107 ​ ​ ​ ​ ​ 4,963,759 ​ ​ ​ ​ ​ 2,227,524 ​ ​ ​ ​ ​ 184.02 ​ ​ ​ ​ ​ 134.26 ​ ​ ​ ​ ​ 101,180,000 ​ ​ ​ ​ ​ 269,153,000 ​ ​
​ 2021 ​ ​ ​ ​ 9,138,214 ​ ​ ​ ​ ​ 19,556,186 ​ ​ ​ ​ ​ 5,480,436 ​ ​ ​ ​ ​ 10,319,156 ​ ​ ​ ​ ​ 240.26 ​ ​ ​ ​ ​ 151.31 ​ ​ ​ ​ ​ 330,368,000 ​ ​ ​ ​ ​ 549,952,000 ​ ​
​ 2020 ​ ​ ​ ​ 6,684,306 ​ ​ ​ ​ ​ 9,327,590 ​ ​ ​ ​ ​ 6,791,746 ​ ​ ​ ​ ​ 8,212,364 ​ ​ ​ ​ ​ 129.64 ​ ​ ​ ​ ​ 111.36 ​ ​ ​ ​ ​ 49,356,000 ​ ​ ​ ​ ​ 250,288,000 ​ ​
​
(1)
A reconciliation of Total Compensation from the Summary Compensation Table (“SCT”) to Compensation Actually Paid (“CAP”) to our CEO and the average of our other NEOs is shown below:
​
​ ​ ​ ​
SCT Total
($)
​ ​
Deduction for SCT
Stock and
Option Awards
($)
​ ​
Adjustment for
Equity Values*
($)
​ ​
Compensation
Actually Paid
($)
​
​ Chad R. Abraham ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
2024
​ ​ ​ ​ 8,426,742 ​ ​ ​ ​ ​ (2,587,779) ​ ​ ​ ​ ​ 21,380,244 ​ ​ ​ ​ ​ 27,219,207 ​ ​
​
Average of Non-CEO NEOs
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
2024
​ ​ ​ ​ 4,264,015 ​ ​ ​ ​ ​ (1,119,485) ​ ​ ​ ​ ​ 6,246,814 ​ ​ ​ ​ ​ 9,391,344 ​ ​
​
*
The amounts in the Adjustment for Equity Values in the table above are derived from the amounts set forth in the following table:
​
​ ​ ​ ​
Year-End
Fair Value of
Equity
Awards
Granted
During Year
That
Remained
Unvested as
of Last Day
of Year
($)
​ ​
Change in
Fair Value
from Last
Day of Prior
Year to Last
Day of Year
of Unvested
Equity
Awards
($)
​ ​
Vesting-Date
Fair Value of
Equity
Awards
Granted
During Year
that Vested
During Year
($)
​ ​
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting Date
of Unvested
Equity
Awards that
Vested
During Year
($)
​ ​
Value of
Dividends or
Other
Earnings Paid
on Stock or
Option
Awards Not
Otherwise
Included(a)
($)
​ ​
Total—
Adjustment for
Equity Values
($)
​
​ Chad R. Abraham ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
2024
​ ​ ​ ​ 4,827,573 ​ ​ ​ ​ ​ 16,145,670 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 407,000 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 21,380,244 ​ ​
​
Average of Non-CEO NEOs
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
2024
​ ​ ​ ​ 2,047,640 ​ ​ ​ ​ ​ 4,119,761 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 79,413 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 6,246,814 ​ ​
​
(a)
All dividends are included in fair value of an equity award or as “All Other Compensation” in the SCT.
​
(2)
The CEO is Chad R. Abraham for all reported years; the other named executive officers included for the year 2024 Ms. Clune and Messrs. Baker, Dillahunt, and Doyle. The other named executive officers for the years 2023 and 2022 includes Messrs. Baker, Dillahunt, and Doyle as well as our former CFO, Timothy L. Carter. With respect to 2021, this group included Messrs. Baker, Carter, and Doyle and Debbra L. Schoneman, President. With respect to 2020, this group included Messrs. Carter, Doyle, and R. Scott LaRue, former Global Co-Head of Investment Banking and Capital Markets, and Ms. Schoneman.
​
(3)
Our peer group used for the TSR calculation is the S&P 500 Financial Services index, which is the industry index used to show our performance in our 2024 Annual Report on Form 10-K for the year ended December 31, 2024. Each year reflects what the cumulative value of $100 would be, including reinvestment of dividends, if such amount were invested on December 31, 2019.
​
(4)
Our company-selected measure, adjusted pre-tax operating income, a non-GAAP measure, is defined and reconciled to the most directly comparable U.S. GAAP financial measure in Appendix A to this proxy statement.
       
Company Selected Measure Name Adjusted Pre-Tax Operating Income        
Named Executive Officers, Footnote
(2)
The CEO is Chad R. Abraham for all reported years; the other named executive officers included for the year 2024 Ms. Clune and Messrs. Baker, Dillahunt, and Doyle. The other named executive officers for the years 2023 and 2022 includes Messrs. Baker, Dillahunt, and Doyle as well as our former CFO, Timothy L. Carter. With respect to 2021, this group included Messrs. Baker, Carter, and Doyle and Debbra L. Schoneman, President. With respect to 2020, this group included Messrs. Carter, Doyle, and R. Scott LaRue, former Global Co-Head of Investment Banking and Capital Markets, and Ms. Schoneman.
       
Peer Group Issuers, Footnote
(3)
Our peer group used for the TSR calculation is the S&P 500 Financial Services index, which is the industry index used to show our performance in our 2024 Annual Report on Form 10-K for the year ended December 31, 2024. Each year reflects what the cumulative value of $100 would be, including reinvestment of dividends, if such amount were invested on December 31, 2019.
       
PEO Total Compensation Amount $ 8,426,742 $ 11,191,449 $ 11,109,428 $ 9,138,214 $ 6,684,306
PEO Actually Paid Compensation Amount $ 27,219,207 15,462,145 4,446,107 19,556,186 9,327,590
Adjustment To PEO Compensation, Footnote
(1)
A reconciliation of Total Compensation from the Summary Compensation Table (“SCT”) to Compensation Actually Paid (“CAP”) to our CEO and the average of our other NEOs is shown below:
​
​ ​ ​ ​
SCT Total
($)
​ ​
Deduction for SCT
Stock and
Option Awards
($)
​ ​
Adjustment for
Equity Values*
($)
​ ​
Compensation
Actually Paid
($)
​
​ Chad R. Abraham ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
2024
​ ​ ​ ​ 8,426,742 ​ ​ ​ ​ ​ (2,587,779) ​ ​ ​ ​ ​ 21,380,244 ​ ​ ​ ​ ​ 27,219,207 ​ ​
​
Average of Non-CEO NEOs
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
2024
​ ​ ​ ​ 4,264,015 ​ ​ ​ ​ ​ (1,119,485) ​ ​ ​ ​ ​ 6,246,814 ​ ​ ​ ​ ​ 9,391,344 ​ ​
​
*
The amounts in the Adjustment for Equity Values in the table above are derived from the amounts set forth in the following table:
​
​ ​ ​ ​
Year-End
Fair Value of
Equity
Awards
Granted
During Year
That
Remained
Unvested as
of Last Day
of Year
($)
​ ​
Change in
Fair Value
from Last
Day of Prior
Year to Last
Day of Year
of Unvested
Equity
Awards
($)
​ ​
Vesting-Date
Fair Value of
Equity
Awards
Granted
During Year
that Vested
During Year
($)
​ ​
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting Date
of Unvested
Equity
Awards that
Vested
During Year
($)
​ ​
Value of
Dividends or
Other
Earnings Paid
on Stock or
Option
Awards Not
Otherwise
Included(a)
($)
​ ​
Total—
Adjustment for
Equity Values
($)
​
​ Chad R. Abraham ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
2024
​ ​ ​ ​ 4,827,573 ​ ​ ​ ​ ​ 16,145,670 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 407,000 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 21,380,244 ​ ​
​
Average of Non-CEO NEOs
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
2024
​ ​ ​ ​ 2,047,640 ​ ​ ​ ​ ​ 4,119,761 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 79,413 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 6,246,814 ​ ​
       
Non-PEO NEO Average Total Compensation Amount $ 4,264,015 4,325,169 4,963,759 5,480,436 6,791,746
Non-PEO NEO Average Compensation Actually Paid Amount $ 9,391,344 6,263,201 2,227,524 10,319,156 8,212,364
Adjustment to Non-PEO NEO Compensation Footnote
(1)
A reconciliation of Total Compensation from the Summary Compensation Table (“SCT”) to Compensation Actually Paid (“CAP”) to our CEO and the average of our other NEOs is shown below:
​
​ ​ ​ ​
SCT Total
($)
​ ​
Deduction for SCT
Stock and
Option Awards
($)
​ ​
Adjustment for
Equity Values*
($)
​ ​
Compensation
Actually Paid
($)
​
​ Chad R. Abraham ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
2024
​ ​ ​ ​ 8,426,742 ​ ​ ​ ​ ​ (2,587,779) ​ ​ ​ ​ ​ 21,380,244 ​ ​ ​ ​ ​ 27,219,207 ​ ​
​
Average of Non-CEO NEOs
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
2024
​ ​ ​ ​ 4,264,015 ​ ​ ​ ​ ​ (1,119,485) ​ ​ ​ ​ ​ 6,246,814 ​ ​ ​ ​ ​ 9,391,344 ​ ​
​
*
The amounts in the Adjustment for Equity Values in the table above are derived from the amounts set forth in the following table:
​
​ ​ ​ ​
Year-End
Fair Value of
Equity
Awards
Granted
During Year
That
Remained
Unvested as
of Last Day
of Year
($)
​ ​
Change in
Fair Value
from Last
Day of Prior
Year to Last
Day of Year
of Unvested
Equity
Awards
($)
​ ​
Vesting-Date
Fair Value of
Equity
Awards
Granted
During Year
that Vested
During Year
($)
​ ​
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting Date
of Unvested
Equity
Awards that
Vested
During Year
($)
​ ​
Value of
Dividends or
Other
Earnings Paid
on Stock or
Option
Awards Not
Otherwise
Included(a)
($)
​ ​
Total—
Adjustment for
Equity Values
($)
​
​ Chad R. Abraham ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
2024
​ ​ ​ ​ 4,827,573 ​ ​ ​ ​ ​ 16,145,670 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 407,000 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 21,380,244 ​ ​
​
Average of Non-CEO NEOs
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
2024
​ ​ ​ ​ 2,047,640 ​ ​ ​ ​ ​ 4,119,761 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 79,413 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 6,246,814 ​ ​
       
Compensation Actually Paid vs. Total Shareholder Return
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Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netincome-pn.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_pretax-pn.jpg]
       
Total Shareholder Return Vs Peer Group
[MISSING IMAGE: lc_ttlshrhldrret-pn.jpg]
       
Tabular List, Table
Tabular List of Most Important Performance Measures Used to Determine Compensation Actually Paid for 2024
The following table lists the most important performance measures used by the Committee when determining compensation actually paid for our named executive officers in 2024. The measures in the table are not ranked.
​ Adjusted Pre-Tax Operating Income* ​ ​ Adjusted ROE* ​ ​ Adjusted Earnings Per Share* ​
​ Adjusted Net Revenues* ​ ​ Relative TSR ​ ​ ​ ​
​
*
Non-GAAP measures which are defined and reconciled to the most directly comparable GAAP financial measure in Appendix A to this proxy statement.
       
Total Shareholder Return Amount $ 441.76 253.53 184.02 240.26 129.64
Peer Group Total Shareholder Return Amount 199.14 155.12 134.26 151.31 111.36
Net Income (Loss) $ 181,114,000 $ 98,973,000 $ 101,180,000 $ 330,368,000 $ 49,356,000
Company Selected Measure Amount 303,731,000 212,943,000 269,153,000 549,952,000 250,288,000
PEO Name Chad R. Abraham        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted Pre-Tax Operating Income        
Non-GAAP Measure Description
(4)
Our company-selected measure, adjusted pre-tax operating income, a non-GAAP measure, is defined and reconciled to the most directly comparable U.S. GAAP financial measure in Appendix A to this proxy statement.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted Net Revenues        
Measure:: 3          
Pay vs Performance Disclosure          
Name Adjusted ROE        
Measure:: 4          
Pay vs Performance Disclosure          
Name Relative TSR        
Measure:: 5          
Pay vs Performance Disclosure          
Name Adjusted Earnings Per Share*        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (2,587,779)        
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 21,380,244        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,827,573        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 16,145,670        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 407,000        
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,119,485)        
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 6,246,814        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,047,640        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,119,761        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 79,413        
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount