Fair Value Measurements (Tables)
|
9 Months Ended |
Sep. 30, 2026 |
|---|
| Fair Value Disclosures [Abstract] |
|
| Schedule of Fair Value of Investments in and Unfunded Commitments to Funds Measured at Net Asset Value |
The table below presents the fair value of our investments in, and unfunded commitments to, funds that are measured at NAV as of September 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
|
December 31, 2025 |
|
|
|
Fair value of investments |
|
|
Unfunded commitments |
|
|
Fair value of investments |
|
|
Unfunded commitments |
|
Partnership interests |
|
$ |
37,944 |
|
|
|
20,349 |
|
|
$ |
31,819 |
|
|
$ |
16,508 |
|
Money market funds |
|
|
3,146 |
|
|
|
— |
|
|
|
2,340 |
|
|
|
— |
|
Mutual funds |
|
|
734 |
|
|
|
— |
|
|
|
668 |
|
|
|
— |
|
Private equity funds |
|
|
292 |
|
|
|
— |
|
|
|
290 |
|
|
|
— |
|
Total fair value of funds measured at NAV |
|
$ |
42,116 |
|
|
$ |
20,349 |
|
|
$ |
35,117 |
|
|
$ |
16,508 |
|
|
| Fair Value of Assets and Liabilities Measured on Recurring Basis |
Assets and liabilities measured at fair value on a recurring basis as of September 30, 2026, are presented below (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
|
|
Total |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Financial instruments owned: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. government securities |
|
$ |
11,645 |
|
|
$ |
11,645 |
|
|
$ |
— |
|
|
$ |
— |
|
U.S. government agency securities |
|
|
199,035 |
|
|
|
— |
|
|
|
199,035 |
|
|
|
— |
|
Agency mortgage-backed securities |
|
|
521,240 |
|
|
|
— |
|
|
|
521,240 |
|
|
|
— |
|
Asset-backed securities |
|
|
262,969 |
|
|
|
— |
|
|
|
262,469 |
|
|
|
500 |
|
Corporate securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Fixed income securities |
|
|
332,069 |
|
|
|
517 |
|
|
|
331,552 |
|
|
|
— |
|
Equity securities |
|
|
106,863 |
|
|
|
60,773 |
|
|
|
45,980 |
|
|
|
110 |
|
State and municipal securities |
|
|
302,955 |
|
|
|
— |
|
|
|
302,955 |
|
|
|
— |
|
Other (1) |
|
|
84,736 |
|
|
|
— |
|
|
|
22,705 |
|
|
|
62,031 |
|
Total financial instruments owned |
|
|
1,821,512 |
|
|
|
72,935 |
|
|
|
1,685,936 |
|
|
|
62,641 |
|
Available-for-sale securities: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. government agency securities |
|
|
2,402 |
|
|
|
— |
|
|
|
2,402 |
|
|
|
— |
|
State and municipal securities |
|
|
2,291 |
|
|
|
— |
|
|
|
2,291 |
|
|
|
— |
|
Mortgage-backed securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Agency |
|
|
1,200,549 |
|
|
|
— |
|
|
|
1,200,549 |
|
|
|
— |
|
Commercial |
|
|
1,243 |
|
|
|
— |
|
|
|
1,243 |
|
|
|
— |
|
Non-agency |
|
|
124 |
|
|
|
— |
|
|
|
124 |
|
|
|
— |
|
Corporate fixed income securities |
|
|
244,001 |
|
|
|
— |
|
|
|
244,001 |
|
|
|
— |
|
Asset-backed securities |
|
|
62,138 |
|
|
|
— |
|
|
|
62,138 |
|
|
|
— |
|
Total available-for-sale securities |
|
|
1,512,748 |
|
|
|
— |
|
|
|
1,512,748 |
|
|
|
— |
|
Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
Corporate equity securities |
|
|
31,885 |
|
|
|
9,339 |
|
|
|
3,422 |
|
|
|
19,124 |
|
Auction rate securities |
|
|
184 |
|
|
|
— |
|
|
|
— |
|
|
|
184 |
|
Other (2) |
|
|
14,905 |
|
|
|
— |
|
|
|
— |
|
|
|
14,905 |
|
Investments in funds and partnerships measured at NAV |
|
|
38,970 |
|
|
|
|
|
|
|
|
|
|
Total investments |
|
|
85,944 |
|
|
|
9,339 |
|
|
|
3,422 |
|
|
|
34,213 |
|
Derivative contracts (3) |
|
|
99,373 |
|
|
|
— |
|
|
|
99,373 |
|
|
|
— |
|
Subtotal |
|
|
3,519,577 |
|
|
|
82,274 |
|
|
|
3,301,479 |
|
|
|
96,854 |
|
Cash equivalents measured at NAV |
|
|
3,146 |
|
|
|
|
|
|
|
|
|
|
Total assets at fair value on a recurring basis |
|
$ |
3,522,723 |
|
|
$ |
82,274 |
|
|
$ |
3,301,479 |
|
|
$ |
96,854 |
|
(1) Includes syndicated loans and non-agency mortgage-backed securities. (2) Primarily includes private company investments. (3) Included in other assets in the consolidated statements of financial condition.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
|
|
Total |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Financial instruments sold, but not yet purchased: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. government securities |
|
$ |
710,244 |
|
|
$ |
710,244 |
|
|
$ |
— |
|
|
$ |
— |
|
Agency mortgage-backed securities |
|
|
176,559 |
|
|
|
— |
|
|
|
176,559 |
|
|
|
— |
|
Corporate securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Fixed income securities |
|
|
129,750 |
|
|
|
— |
|
|
|
129,750 |
|
|
|
— |
|
Equity securities |
|
|
14,911 |
|
|
|
14,811 |
|
|
|
100 |
|
|
|
— |
|
Other (4) |
|
|
1,112 |
|
|
|
— |
|
|
|
741 |
|
|
|
371 |
|
Total financial instruments sold, but not yet purchased |
|
|
1,032,576 |
|
|
|
725,055 |
|
|
|
307,150 |
|
|
|
371 |
|
Derivative contracts (5) |
|
|
99,379 |
|
|
|
— |
|
|
|
99,379 |
|
|
|
— |
|
Total liabilities at fair value on a recurring basis |
|
$ |
1,131,955 |
|
|
$ |
725,055 |
|
|
$ |
406,529 |
|
|
$ |
371 |
|
(4) Includes asset-backed securities and syndicated loans. (5) Included in accounts payable and accrued expenses in the consolidated statements of financial condition. Assets and liabilities measured at fair value on a recurring basis as of December 31, 2025, are presented below (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
Total |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Financial instruments owned: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. government securities |
|
$ |
5,196 |
|
|
$ |
5,196 |
|
|
$ |
— |
|
|
$ |
— |
|
U.S. government agency securities |
|
|
174,478 |
|
|
|
— |
|
|
|
174,478 |
|
|
|
— |
|
Agency mortgage-backed securities |
|
|
515,634 |
|
|
|
— |
|
|
|
515,634 |
|
|
|
— |
|
Asset-backed securities |
|
|
143,723 |
|
|
|
— |
|
|
|
139,683 |
|
|
|
4,040 |
|
Corporate securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Fixed income securities |
|
|
295,570 |
|
|
|
517 |
|
|
|
295,053 |
|
|
|
— |
|
Equity securities |
|
|
55,312 |
|
|
|
55,198 |
|
|
|
— |
|
|
|
114 |
|
State and municipal securities |
|
|
174,579 |
|
|
|
— |
|
|
|
174,579 |
|
|
|
— |
|
Other (1) |
|
|
63,343 |
|
|
|
— |
|
|
|
6,445 |
|
|
|
56,898 |
|
Total financial instruments owned |
|
|
1,427,835 |
|
|
|
60,911 |
|
|
|
1,305,872 |
|
|
|
61,052 |
|
Available-for-sale securities: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. government agency securities |
|
|
2,381 |
|
|
|
— |
|
|
|
2,381 |
|
|
|
— |
|
State and municipal securities |
|
|
2,326 |
|
|
|
— |
|
|
|
2,326 |
|
|
|
— |
|
Mortgage-backed securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Agency |
|
|
1,101,412 |
|
|
|
— |
|
|
|
1,101,412 |
|
|
|
— |
|
Commercial |
|
|
2,113 |
|
|
|
— |
|
|
|
2,113 |
|
|
|
— |
|
Non-agency |
|
|
152 |
|
|
|
— |
|
|
|
152 |
|
|
|
— |
|
Corporate fixed income securities |
|
|
375,750 |
|
|
|
— |
|
|
|
375,750 |
|
|
|
— |
|
Asset-backed securities |
|
|
109,256 |
|
|
|
— |
|
|
|
109,256 |
|
|
|
— |
|
Total available-for-sale securities |
|
|
1,593,390 |
|
|
|
— |
|
|
|
1,593,390 |
|
|
|
— |
|
Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
Corporate equity securities |
|
|
34,937 |
|
|
|
15,490 |
|
|
|
1 |
|
|
|
19,446 |
|
Auction rate securities |
|
|
551 |
|
|
|
— |
|
|
|
— |
|
|
|
551 |
|
Other (2) |
|
|
13,560 |
|
|
|
— |
|
|
|
— |
|
|
|
13,560 |
|
Investments in funds and partnerships measured at NAV |
|
|
32,777 |
|
|
|
|
|
|
|
|
|
|
Total investments |
|
|
81,825 |
|
|
|
15,490 |
|
|
|
1 |
|
|
|
33,557 |
|
Derivative contracts (3) |
|
|
71,297 |
|
|
|
— |
|
|
|
71,297 |
|
|
|
— |
|
Subtotal |
|
|
3,174,347 |
|
|
|
76,401 |
|
|
|
2,970,560 |
|
|
|
94,609 |
|
Cash equivalents measured at NAV |
|
|
2,340 |
|
|
|
|
|
|
|
|
|
|
Total assets at fair value on a recurring basis |
|
$ |
3,176,687 |
|
|
$ |
76,401 |
|
|
$ |
2,970,560 |
|
|
$ |
94,609 |
|
(1)Includes syndicated loans, non-agency mortgage-backed securities, and sovereign debt. (2)Primarily includes private company investments. (3)Included in other assets in the consolidated statements of financial condition.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
Total |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Financial instruments sold, but not yet purchased: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. government securities |
|
$ |
475,449 |
|
|
$ |
475,449 |
|
|
$ |
— |
|
|
$ |
— |
|
Agency mortgage-backed securities |
|
|
154,983 |
|
|
|
— |
|
|
|
154,983 |
|
|
|
— |
|
Corporate securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Fixed income securities |
|
|
145,582 |
|
|
|
— |
|
|
|
145,582 |
|
|
|
— |
|
Equity securities |
|
|
16,363 |
|
|
|
16,250 |
|
|
|
113 |
|
|
|
|
Other (4) |
|
|
1,249 |
|
|
|
— |
|
|
|
13 |
|
|
|
1,236 |
|
Total financial instruments sold, but not yet purchased |
|
|
793,626 |
|
|
|
491,699 |
|
|
|
300,691 |
|
|
|
1,236 |
|
Derivative contracts (5) |
|
|
71,311 |
|
|
|
— |
|
|
|
71,311 |
|
|
|
— |
|
Total liabilities at fair value on a recurring basis |
|
$ |
864,937 |
|
|
$ |
491,699 |
|
|
$ |
372,002 |
|
|
$ |
1,236 |
|
(4)Includes syndicated loans and state and municipal securities. (5)Included in accounts payable and accrued expenses in the consolidated statements of financial condition.
|
| Schedule of Changes in Fair Value Associated with Level 3 Financial Instruments |
The following table summarizes the changes in fair value associated with Level 3 financial instruments during the three months ended September 30, 2026 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2026 |
|
|
|
Financial instruments owned |
|
|
Investments |
|
|
|
Asset-Backed Securities |
|
|
Corporate Equity
Securities |
|
|
Syndicated Loans |
|
|
Corporate Equity Securities |
|
|
Auction Rate
Securities |
|
|
Other |
|
Balance at June 30, 2026 |
|
$ |
500 |
|
|
$ |
104 |
|
|
$ |
67,903 |
|
|
$ |
19,136 |
|
|
$ |
184 |
|
|
$ |
14,905 |
|
Unrealized gains/(losses) |
|
|
— |
|
|
|
6 |
|
|
|
(1,018 |
) |
|
|
(12 |
) |
|
|
— |
|
|
|
— |
|
Realized losses |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Purchases |
|
|
— |
|
|
|
— |
|
|
|
1,899 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Sales |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Redemptions |
|
|
— |
|
|
|
— |
|
|
|
(6,753 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Transfers into Level 3 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Net change |
|
|
— |
|
|
|
6 |
|
|
|
(5,872 |
) |
|
|
(12 |
) |
|
|
— |
|
|
|
— |
|
Balance at September 30, 2026 |
|
$ |
500 |
|
|
$ |
110 |
|
|
$ |
62,031 |
|
|
$ |
19,124 |
|
|
$ |
184 |
|
|
$ |
14,905 |
|
The following table summarizes the change in fair value associated with Level 3 financial instruments during the nine months ended September 30, 2026 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2026 |
|
|
|
Financial instruments owned |
|
|
Investments |
|
|
|
Asset-Backed Securities |
|
|
Corporate Equity
Securities |
|
|
Syndicated Loans |
|
|
Corporate Equity Securities |
|
|
Auction Rate
Securities |
|
|
Other |
|
Balance at December 31, 2025 |
|
$ |
4,040 |
|
|
$ |
114 |
|
|
$ |
56,898 |
|
|
$ |
19,446 |
|
|
$ |
551 |
|
|
$ |
13,560 |
|
Unrealized gains/(losses) |
|
|
(534 |
) |
|
|
12 |
|
|
|
(1,042 |
) |
|
|
(977 |
) |
|
|
8 |
|
|
|
1,345 |
|
Realized losses |
|
|
(2 |
) |
|
|
(10 |
) |
|
|
(3 |
) |
|
|
— |
|
|
|
(7 |
) |
|
|
— |
|
Purchases |
|
|
— |
|
|
|
— |
|
|
|
43,473 |
|
|
|
655 |
|
|
|
— |
|
|
|
— |
|
Sales |
|
|
(3,004 |
) |
|
|
(104 |
) |
|
|
(1,369 |
) |
|
|
— |
|
|
|
(368 |
) |
|
|
— |
|
Redemptions |
|
|
— |
|
|
|
— |
|
|
|
(35,926 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Transfers into Level 3 |
|
|
— |
|
|
|
98 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Net change |
|
|
(3,540 |
) |
|
|
(4 |
) |
|
|
5,133 |
|
|
|
(322 |
) |
|
|
(367 |
) |
|
|
1,345 |
|
Balance at September 30, 2026 |
|
$ |
500 |
|
|
$ |
110 |
|
|
$ |
62,031 |
|
|
$ |
19,124 |
|
|
$ |
184 |
|
|
$ |
14,905 |
|
|
| Schedule of Fair Value of Financial Instruments |
The following reflects the fair value of financial instruments as of September 30, 2026 and December 31, 2025, whether or not recognized in the consolidated statements of financial condition at fair value (in thousands).
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
|
December 31, 2025 |
|
|
|
Carrying
Value |
|
|
Estimated
Fair Value |
|
|
Carrying
Value |
|
|
Estimated
Fair Value |
|
Financial assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
1,629,363 |
|
|
$ |
1,629,363 |
|
|
$ |
2,253,789 |
|
|
$ |
2,253,789 |
|
Cash segregated for regulatory purposes |
|
|
32,441 |
|
|
|
32,441 |
|
|
|
29,018 |
|
|
|
29,018 |
|
Securities purchased under agreements to resell |
|
|
821,323 |
|
|
|
821,323 |
|
|
|
564,162 |
|
|
|
564,162 |
|
Financial instruments owned |
|
|
1,821,512 |
|
|
|
1,821,512 |
|
|
|
1,427,835 |
|
|
|
1,427,835 |
|
Available-for-sale securities |
|
|
1,512,748 |
|
|
|
1,512,748 |
|
|
|
1,593,390 |
|
|
|
1,593,390 |
|
Held-to-maturity securities |
|
|
6,512,020 |
|
|
|
6,517,708 |
|
|
|
6,549,054 |
|
|
|
6,565,484 |
|
Bank loans |
|
|
25,735,829 |
|
|
|
25,395,573 |
|
|
|
21,925,257 |
|
|
|
21,610,180 |
|
Loans held for sale |
|
|
328,900 |
|
|
|
328,900 |
|
|
|
502,199 |
|
|
|
502,199 |
|
Investments |
|
|
85,944 |
|
|
|
85,944 |
|
|
|
81,825 |
|
|
|
81,825 |
|
Derivative contracts (1) |
|
|
99,373 |
|
|
|
99,373 |
|
|
|
71,297 |
|
|
|
71,297 |
|
Financial liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Securities sold under agreements to repurchase |
|
$ |
817,198 |
|
|
$ |
817,198 |
|
|
$ |
651,236 |
|
|
$ |
651,236 |
|
Bank deposits |
|
|
32,807,264 |
|
|
|
32,807,067 |
|
|
|
29,752,063 |
|
|
|
29,752,095 |
|
Financial instruments sold, but not yet purchased |
|
|
1,032,576 |
|
|
|
1,032,576 |
|
|
|
793,626 |
|
|
|
793,626 |
|
Senior notes |
|
|
618,061 |
|
|
|
545,046 |
|
|
|
617,443 |
|
|
|
576,180 |
|
Debentures to Stifel Financial Capital Trusts |
|
|
55,000 |
|
|
|
51,123 |
|
|
|
55,000 |
|
|
|
51,582 |
|
Derivative contracts (2) |
|
|
99,379 |
|
|
|
99,379 |
|
|
|
71,311 |
|
|
|
71,311 |
|
(1) Included in other assets in the consolidated statements of financial condition.
(2) Included in accounts payable and accrued expenses in the consolidated statements of financial condition.
|
| Schedule of Estimated Fair Values and Fair Value Hierarchy of Financial Instruments not Recorded or Measured at Fair Value on a Nonrecurring Basis |
The following tables present the estimated fair values and fair value hierarchy of financial instruments that are not recorded at fair value in the consolidated statements of financial condition or measured at fair value on a nonrecurring basis as of September 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
|
|
Total |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Financial assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
|
$ |
1,626,217 |
|
|
$ |
1,626,217 |
|
|
$ |
— |
|
|
$ |
— |
|
Cash segregated for regulatory purposes |
|
|
32,441 |
|
|
|
32,441 |
|
|
|
— |
|
|
|
— |
|
Securities purchased under agreements to resell |
|
|
821,323 |
|
|
|
— |
|
|
|
821,323 |
|
|
|
— |
|
Held-to-maturity securities |
|
|
6,517,708 |
|
|
|
— |
|
|
|
6,509,624 |
|
|
|
8,084 |
|
Bank loans |
|
|
25,395,573 |
|
|
|
— |
|
|
|
25,307,357 |
|
|
|
88,216 |
|
Loans held for sale |
|
|
328,900 |
|
|
|
— |
|
|
|
328,900 |
|
|
|
— |
|
Financial liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Securities sold under agreements to repurchase |
|
$ |
817,198 |
|
|
$ |
— |
|
|
$ |
817,198 |
|
|
$ |
— |
|
Bank deposits |
|
|
32,807,067 |
|
|
|
— |
|
|
|
32,807,067 |
|
|
|
— |
|
Senior notes |
|
|
545,046 |
|
|
|
545,046 |
|
|
|
— |
|
|
|
— |
|
Debentures to Stifel Financial Capital Trusts |
|
|
51,123 |
|
|
|
— |
|
|
|
— |
|
|
|
51,123 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
Total |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Financial assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
|
$ |
2,251,449 |
|
|
$ |
2,251,449 |
|
|
$ |
— |
|
|
$ |
— |
|
Cash segregated for regulatory purposes |
|
|
29,018 |
|
|
|
29,018 |
|
|
|
— |
|
|
|
— |
|
Securities purchased under agreements to resell |
|
|
564,162 |
|
|
|
— |
|
|
|
564,162 |
|
|
|
— |
|
Held-to-maturity securities |
|
|
6,565,484 |
|
|
|
— |
|
|
|
6,495,393 |
|
|
|
70,091 |
|
Bank loans |
|
|
21,610,180 |
|
|
|
— |
|
|
|
21,515,785 |
|
|
|
94,395 |
|
Loans held for sale |
|
|
502,199 |
|
|
|
— |
|
|
|
502,199 |
|
|
|
— |
|
Financial liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Securities sold under agreements to repurchase |
|
$ |
651,236 |
|
|
$ |
— |
|
|
$ |
651,236 |
|
|
$ |
— |
|
Bank deposits |
|
|
29,752,095 |
|
|
|
— |
|
|
|
29,752,095 |
|
|
|
— |
|
Senior notes |
|
|
576,180 |
|
|
|
576,180 |
|
|
|
— |
|
|
|
— |
|
Debentures to Stifel Financial Capital Trusts |
|
|
51,582 |
|
|
|
— |
|
|
|
— |
|
|
|
51,582 |
|
|