v3.26.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 2,899,370 $ 2,253,789
Cash segregated for regulatory purposes 29,196 29,018
Receivables:    
Brokerage clients, net 1,527,947 1,138,094
Brokers, dealers, and clearing organizations 661,386 571,663
Securities purchased under agreements to resell [1] 746,375 564,162
Financial instruments owned, at fair value 1,657,349 1,427,835
Available-for-sale securities, at fair value 1,588,549 1,593,390
Held-to-maturity securities, at amortized cost [2] 6,861,227 6,549,054
Loans:    
Held for investment, net 21,836,987 21,925,257
Held for sale, at lower of cost or fair value 348,331 502,199
Investments, at fair value 84,585 81,825
Fixed assets, net 229,660 197,119
Operating lease right-of-use assets, net 780,414 788,477
Goodwill 1,463,858 1,463,858
Intangible assets, net 97,440 108,045
Loans and advances to financial advisors and other employees, net 703,494 744,635
Deferred tax assets, net 135,520 151,204
Other assets 1,241,464 1,181,158
Total assets 42,893,152 41,270,782
Payables:    
Brokerage clients, net 803,149 431,583
Brokers, dealers, and clearing organizations 664,630 303,378
Drafts 92,623 142,916
Securities sold under agreements to repurchase 862,954 [3] 651,236
Bank deposits 30,797,336 29,752,063
Financial instruments sold, but not yet purchased, at fair value 924,385 793,626
Accrued compensation 522,657 988,952
Lease liabilities, net 849,055 855,899
Accounts payable and accrued expenses 719,232 701,369
Senior notes, net 617,649 617,443
Debentures to Stifel Financial Capital Trusts 55,000 55,000
Total liabilities 36,908,670 35,293,465
Equity    
Preferred stock - $1 par value; authorized 3,000,000 shares; issued 27,400 shares 685,000 685,000
Common stock - $0.15 par value; authorized 194,000,000 shares; issued 167,494,246 and 167,494,164 shares, respectively 25,124 25,124
Additional paid-in-capital 1,821,332 1,907,949
Retained earnings 4,269,894 4,163,363
Accumulated other comprehensive loss (27,209) (17,809)
Treasury stock, at cost, 13,677,414 and 14,997,515 shares, respectively (789,659) (786,310)
Total equity 5,984,482 5,977,317
Total liabilities and equity $ 42,893,152 $ 41,270,782
[1] Available collateral includes securities received from the counterparty. These securities are not included on the consolidated statements of financial condition unless there is an event of default. The fair value of securities received as collateral was $744.2 million and $561.3 million at March 31, 2026 and December 31, 2025, respectively.
[2] Held-to-maturity securities are carried in the consolidated statements of financial condition at amortized cost, and the changes in the value of these securities, other than impairment charges, are not reported on the consolidated financial statements.
[3] Collateral pledged includes the fair value of securities pledged to the counterparty. These securities are included on the consolidated statements of financial condition unless we default. Collateral pledged by our company to the counterparty includes U.S. government agency securities, U.S. government securities, and corporate fixed income securities with market values of $901.1 million and $687.2 million at March 31, 2026 and December 31, 2025, respectively.