SEGMENT ANALYSIS

6 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

We currently operate through the following five business segments: “Private Client Group;” “Capital Markets;” “Asset Management;” RJ Bank; and our “Other” segment, which includes our principal capital and private equity activities as well as various corporate overhead costs of RJF including the interest cost on our public debt.  The business segments are based upon factors such as the services provided and the distribution channels served and are consistent with how we assess performance and determine how to allocate our resources throughout our subsidiaries. For a further discussion of our business segments, see Note 29 on pages 183 - 186 of our 2014 Form 10-K.

Information concerning operations in these segments of business is as follows:

	Three months ended March 31,						Six months ended March 31,
	2015			2014			2015			2014
	(in thousands)
Revenues:
Private Client Group	$	873,634		$	817,581		$	1,722,877		$	1,600,330
Capital Markets	238,921			225,226			474,095			466,666
Asset Management	94,022			87,534			193,652			183,550
RJ Bank	105,390			87,157			208,346			171,030
Other	17,806			3,982			27,572			24,071
Intersegment eliminations	(17,149		)	(16,855		)	(34,074		)	(32,248		)
Total revenues(1)	$	1,312,624		$	1,204,625		$	2,592,468		$	2,413,399
Income (loss) excluding noncontrolling interests and before provision for income taxes:
Private Client Group	$	75,420		$	77,115		$	168,164		$	148,625
Capital Markets	20,848			29,571			48,501			63,016
Asset Management	31,095			29,864			70,891			61,700
RJ Bank	71,264			56,798			135,620			113,856
Other	(18,307		)	(27,884		)	(39,948		)	(42,809		)
Pre-tax income excluding noncontrolling interests	180,320			165,464			383,228			344,388
Add: net loss attributable to noncontrolling interests	(4,687		)	(12,465		)	(8,946		)	(12,577		)
Income including noncontrolling interests and before provision for income taxes	$	175,633		$	152,999		$	374,282		$	331,811

(1) No individual client accounted for more than ten percent of total revenues in any of the periods presented.

	Three months ended March 31,						Six months ended March 31,
	2015			2014			2015			2014
	(in thousands)
Net interest income (expense):
Private Client Group	$	21,696		$	22,136		$	43,759		$	45,586
Capital Markets	2,034			1,414			4,127			3,262
Asset Management	24			12			91			41
RJ Bank	99,857			84,527			196,579			166,641
Other	(16,044		)	(15,676		)	(32,264		)	(31,396		)
Net interest income	$	107,567		$	92,413		$	212,292		$	184,134

The following table presents our total assets on a segment basis:

	March 31, 2015		September 30, 2014
	(in thousands)
Total assets:
Private Client Group (1)	$	6,338,908	$	6,255,176
Capital Markets (2)	2,909,119		2,645,926
Asset Management	173,249		186,170
RJ Bank	13,327,340		12,036,945
Other	2,219,319		2,201,435
Total	$	24,967,935	$	23,325,652

(1) Includes $174.6 million of goodwill at March 31, 2015 and September 30, 2014.

(2) Includes $120.9 million of goodwill at March 31, 2015 and September 30, 2014.

We have operations in the United States, Canada, Europe and joint ventures in Latin America. Substantially all long-lived assets are located in the United States.  Revenues and income before provision for income taxes and excluding noncontrolling interests, classified by major geographic areas in which they are earned, are as follows:

	Three months ended March 31,					Six months ended March 31,
	2015			2014		2015			2014
	(in thousands)
Revenues:
United States	$	1,214,397		$	1,093,936	$	2,395,705		$	2,182,031
Canada	69,581			76,380		137,293			164,494
Europe	21,211			25,588		45,125			50,584
Other	7,435			8,721		14,345			16,290
Total	$	1,312,624		$	1,204,625	$	2,592,468		$	2,413,399
Pre-tax income (loss) excluding noncontrolling interests:
United States	$	176,602		$	153,577	$	378,787		$	320,183
Canada	5,262			8,997		7,487			20,543
Europe	(1,970		)	656		(3,726		)	855
Other	426			2,234		680			2,807
Total	$	180,320		$	165,464	$	383,228		$	344,388

Our total assets, classified by major geographic area in which they are held, are presented below:

	March 31, 2015		September 30, 2014
	(in thousands)
Total assets:
United States (1)	$	23,319,673	$	21,469,999
Canada(2)	1,568,758		1,773,703
Europe	32,878		39,872
Other	46,626		42,078
Total	$	24,967,935	$	23,325,652

(1) Includes $262.5 million of goodwill at March 31, 2015 and September 30, 2014.

(2) Includes $33 million of goodwill at March 31, 2015 and September 30, 2014.