v3.26.3
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 1,629,363 $ 2,253,789
Cash segregated for regulatory purposes 32,441 29,018
Receivables:    
Brokerage clients, net 1,113,559 1,138,094
Brokers, dealers, and clearing organizations 1,007,142 571,663
Securities purchased under agreements to resell [1] 821,323 564,162
Financial instruments owned, at fair value 1,821,512 1,427,835
Available-for-sale securities, at fair value 1,512,748 1,593,390
Held-to-maturity securities, at amortized cost [2] 6,512,020 6,549,054
Loans:    
Held for investment, net 25,735,829 21,925,257
Held for sale, at lower of cost or fair value 328,900 502,199
Investments, at fair value 85,944 81,825
Fixed assets, net 261,154 197,119
Operating lease right-of-use assets, net 761,627 788,477
Goodwill 1,463,858 1,463,858
Intangible assets, net 84,778 108,045
Loans and advances to financial advisors and other employees, net 652,620 744,635
Deferred tax assets, net 166,927 151,204
Other assets 1,290,091 1,181,158
Total assets 45,281,836 41,270,782
Payables:    
Brokerage clients, net 791,764 431,583
Brokers, dealers, and clearing organizations 714,137 303,378
Drafts 74,650 142,916
Securities sold under agreements to repurchase [3] 817,198 651,236
Bank deposits 32,807,264 29,752,063
Financial instruments sold, but not yet purchased, at fair value 1,032,576 793,626
Accrued compensation 854,857 988,952
Lease liabilities, net 830,600 855,899
Accounts payable and accrued expenses 639,561 701,369
Senior notes, net 618,061 617,443
Debentures to Stifel Financial Capital Trusts 55,000 55,000
Total liabilities 39,235,668 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 291,000,000 shares; issued 167,494,363 and 167,494,164 shares, respectively 25,124 25,124
Additional paid-in-capital 1,900,707 1,907,949
Retained earnings 4,596,863 4,163,363
Accumulated other comprehensive loss (85,605) (17,809)
Treasury stock, at cost, 17,433,922 and 14,997,515 shares, respectively (1,075,921) (786,310)
Total equity 6,046,168 5,977,317
Total liabilities and equity $ 45,281,836 $ 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 $815.2 million and $561.3 million at September 30, 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 $687.8 million and $687.2 million at September 30, 2026 and December 31, 2025, respectively.