v3.26.3
Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash Flows From Operating Activities:    
Net income $ 712,039 $ 419,418
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 46,668 45,762
Amortization of loans and advances to financial advisors and other employees 116,150 108,515
Amortization of premium on investment portfolio 3,971 5,301
Provision for credit losses 26,999 28,664
Amortization of intangible assets 23,106 16,599
Deferred income taxes 2,958 (54,678)
Stock-based compensation 156,225 119,039
Gain on sale of business (44,146) 0
Unrealized (gains)/loss on investments 96 (4,280)
Gain on sale of leased aircraft engines 0 (41,941)
Other, net 18,812 8,337
Receivables:    
Brokerage clients, net 24,535 (125,208)
Brokers, dealers, and clearing organizations (435,479) (290,978)
Securities purchased under agreements to resell (257,161) 3,355
Financial instruments owned (393,677) (371,470)
Loans originated as held for sale (1,856,904) (1,643,940)
Proceeds from loans held for sale 2,043,651 2,218,144
Loans and advances to financial advisors and other employees, net (46,727) (173,684)
Other assets (94,379) 38,661
Increase/(decrease) in operating liabilities, net of liabilities assumed:    
Brokerage clients, net 360,181 197,666
Brokers, dealers, and clearing organizations 162,792 76,149
Drafts (68,266) (24,529)
Financial instruments sold, but not yet purchased 238,950 159,849
Accrued compensation (134,095) (64,897)
Other liabilities and accrued expenses (71,765) 84,726
Net cash provided by operating activities 534,534 734,580
Cash Flows From Investing Activities:    
Principal paydowns, maturities, and calls of available-for-sale securities 308,241 274,398
Principal paydowns, maturities, and calls of held-to-maturity securities 2,227,555 1,792,737
Sale or maturity of investments 1,330 31
Disposition of business, net 55,388 0
Sale of leased aircraft engines 0 105,440
Increase in loans held for investment, net (3,862,533) (932,644)
Payments for:    
Purchase of fixed assets (110,703) (48,604)
Purchase of available-for-sale securities (304,428) (327,072)
Purchase of held-to-maturity securities (2,190,470) (1,725,760)
Purchase of investments (9,056) (4,602)
Acquisitions, net of cash received 0 (74,878)
Net cash used in investing activities (3,884,676) (940,954)
Cash Flows From Financing Activities:    
Payment of contingent consideration (170) (252)
Increase in securities sold under agreements to repurchase 165,962 167,131
Increase in bank deposits, net 3,055,201 1,035,521
Increase in securities loaned 247,967 141,233
Proceeds from borrowings 145,000 0
Repayment of borrowings (145,000) 0
Repayment of short-term debt 0 (86,877)
Tax payments related to shares withheld for stock-based compensation plans (132,204) (120,893)
Repurchase of common stock (390,467) (207,449)
Cash dividends on preferred stock (27,961) (27,961)
Cash dividends paid to common stock and equity-award holders (184,602) (159,076)
Extinguishment of Stifel Financial Capital Trust 0 (4,444)
Net cash provided by financing activities 2,733,726 736,933
Effect of exchange rate changes on cash (4,587) 7,994
Increase/(decrease) in cash, cash equivalents, and cash segregated for regulatory purposes (621,003) 538,553
Cash, cash equivalents, and cash segregated for regulatory purposes at beginning of period 2,282,807 2,678,203
Cash, cash equivalents, and cash segregated for regulatory purposes at end of period 1,661,804 3,216,756
Supplemental disclosure of cash flow information:    
Cash paid for interest 590,505 638,068
Cash paid for income taxes, net of refunds 198,820 122,590
Noncash investing and financing activities:    
Transfer of loans held for investment to held for sale 25,314 693,515
Transfer of loans held for sale to held for investment 0 97,464
Unit grants, net of forfeitures $ 219,841 $ 237,183