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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2015
Mar. 31, 2014
Revenues:        
Securities commissions and fees $ 860,214us-gaap_FeesAndCommissions $ 805,719us-gaap_FeesAndCommissions $ 1,694,223us-gaap_FeesAndCommissions $ 1,587,899us-gaap_FeesAndCommissions
Investment banking 74,240us-gaap_InvestmentBankingRevenue 67,311us-gaap_InvestmentBankingRevenue 151,778us-gaap_InvestmentBankingRevenue 147,108us-gaap_InvestmentBankingRevenue
Investment advisory fees 91,016us-gaap_InvestmentAdvisoryFees 88,096us-gaap_InvestmentAdvisoryFees 189,777us-gaap_InvestmentAdvisoryFees 181,510us-gaap_InvestmentAdvisoryFees
Interest 134,413us-gaap_InterestIncomeOperating 118,393us-gaap_InterestIncomeOperating 266,522us-gaap_InterestIncomeOperating 235,486us-gaap_InterestIncomeOperating
Account and service fees 111,966us-gaap_FeesAndCommissionsOther 101,024us-gaap_FeesAndCommissionsOther 223,124us-gaap_FeesAndCommissionsOther 194,598us-gaap_FeesAndCommissionsOther
Net trading profit 17,060us-gaap_TradingGainsLosses 14,842us-gaap_TradingGainsLosses 25,941us-gaap_TradingGainsLosses 32,993us-gaap_TradingGainsLosses
Other 23,715us-gaap_NoninterestIncomeOtherOperatingIncome 9,240us-gaap_NoninterestIncomeOtherOperatingIncome 41,103us-gaap_NoninterestIncomeOtherOperatingIncome 33,805us-gaap_NoninterestIncomeOtherOperatingIncome
Total revenues 1,312,624us-gaap_Revenues 1,204,625us-gaap_Revenues 2,592,468us-gaap_Revenues 2,413,399us-gaap_Revenues
Interest expense (26,846)us-gaap_InterestExpense (25,980)us-gaap_InterestExpense (54,230)us-gaap_InterestExpense (51,352)us-gaap_InterestExpense
Net revenues 1,285,778us-gaap_RevenuesNetOfInterestExpense 1,178,645us-gaap_RevenuesNetOfInterestExpense 2,538,238us-gaap_RevenuesNetOfInterestExpense 2,362,047us-gaap_RevenuesNetOfInterestExpense
Non-interest expenses:        
Compensation, commissions and benefits 882,234us-gaap_LaborAndRelatedExpense 812,291us-gaap_LaborAndRelatedExpense 1,720,488us-gaap_LaborAndRelatedExpense 1,617,236us-gaap_LaborAndRelatedExpense
Communications and information processing 67,635us-gaap_CommunicationsAndInformationTechnology 69,503us-gaap_CommunicationsAndInformationTechnology 126,747us-gaap_CommunicationsAndInformationTechnology 131,357us-gaap_CommunicationsAndInformationTechnology
Occupancy and equipment costs 41,604us-gaap_OccupancyNet 39,897us-gaap_OccupancyNet 80,831us-gaap_OccupancyNet 79,582us-gaap_OccupancyNet
Clearance and floor brokerage 13,588us-gaap_FloorBrokerageExchangeAndClearanceFees 9,876us-gaap_FloorBrokerageExchangeAndClearanceFees 23,086us-gaap_FloorBrokerageExchangeAndClearanceFees 19,830us-gaap_FloorBrokerageExchangeAndClearanceFees
Business development 42,490us-gaap_BusinessDevelopment 36,667us-gaap_BusinessDevelopment 79,480us-gaap_BusinessDevelopment 68,911us-gaap_BusinessDevelopment
Investment sub-advisory fees 14,987us-gaap_NoninterestExpenseInvestmentAdvisoryFees 13,798us-gaap_NoninterestExpenseInvestmentAdvisoryFees 29,242us-gaap_NoninterestExpenseInvestmentAdvisoryFees 25,597us-gaap_NoninterestExpenseInvestmentAdvisoryFees
Bank loan loss provision 3,937us-gaap_ProvisionForLoanAndLeaseLosses 1,979us-gaap_ProvisionForLoanAndLeaseLosses 13,302us-gaap_ProvisionForLoanAndLeaseLosses 3,615us-gaap_ProvisionForLoanAndLeaseLosses
Other 43,670us-gaap_OtherNoninterestExpense 41,635us-gaap_OtherNoninterestExpense 90,780us-gaap_OtherNoninterestExpense 84,108us-gaap_OtherNoninterestExpense
Total non-interest expenses 1,110,145us-gaap_NoninterestExpense 1,025,646us-gaap_NoninterestExpense 2,163,956us-gaap_NoninterestExpense 2,030,236us-gaap_NoninterestExpense
Income including noncontrolling interests and before provision for income taxes 175,633us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 152,999us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 374,282us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 331,811us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for income taxes 66,857us-gaap_IncomeTaxExpenseBenefit 60,904us-gaap_IncomeTaxExpenseBenefit 143,469us-gaap_IncomeTaxExpenseBenefit 123,195us-gaap_IncomeTaxExpenseBenefit
Net income including noncontrolling interests 108,776us-gaap_ProfitLoss 92,095us-gaap_ProfitLoss 230,813us-gaap_ProfitLoss 208,616us-gaap_ProfitLoss
Net loss attributable to noncontrolling interests (4,687)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (12,465)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (8,946)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (12,577)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to Raymond James Financial, Inc. 113,463us-gaap_NetIncomeLoss 104,560us-gaap_NetIncomeLoss 239,759us-gaap_NetIncomeLoss 221,193us-gaap_NetIncomeLoss
Net income per common share – basic $ 0.79us-gaap_EarningsPerShareBasic $ 0.74us-gaap_EarningsPerShareBasic $ 1.68us-gaap_EarningsPerShareBasic $ 1.57us-gaap_EarningsPerShareBasic
Net income per common share – diluted $ 0.77us-gaap_EarningsPerShareDiluted $ 0.72us-gaap_EarningsPerShareDiluted $ 1.64us-gaap_EarningsPerShareDiluted $ 1.54us-gaap_EarningsPerShareDiluted
Weighted-average common shares outstanding – basic 142,320us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 139,888us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 141,813us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 139,498us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted-average common and common equivalent shares outstanding – diluted 146,050us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 143,636us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 146,188us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 143,065us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Net income attributable to Raymond James Financial, Inc. 113,463us-gaap_NetIncomeLoss 104,560us-gaap_NetIncomeLoss 239,759us-gaap_NetIncomeLoss 221,193us-gaap_NetIncomeLoss
Other comprehensive income (loss), net of tax:        
Change in unrealized losses on available for sale securities and non-credit portion of other-than-temporary impairment losses 2,337rjf_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentAndNonCreditPortionOfOtherThanTemporaryImpairmentLossesNetOfTaxAttributableToParent [1] 3,482rjf_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentAndNonCreditPortionOfOtherThanTemporaryImpairmentLossesNetOfTaxAttributableToParent [1] 2,313rjf_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentAndNonCreditPortionOfOtherThanTemporaryImpairmentLossesNetOfTaxAttributableToParent [1] 4,576rjf_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentAndNonCreditPortionOfOtherThanTemporaryImpairmentLossesNetOfTaxAttributableToParent [1]
Net change in currency translations and net investment hedges, net of tax (15,279)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent [1] (10,261)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent [1] (21,719)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent [1] (16,536)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent [1]
Cash flow hedges, net of tax (1,501)us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent [1] 0us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent [1] (1,501)us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent [1] 0us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent [1]
Total comprehensive income 99,020us-gaap_ComprehensiveIncomeNetOfTax [1] 97,781us-gaap_ComprehensiveIncomeNetOfTax [1] 218,852us-gaap_ComprehensiveIncomeNetOfTax [1] 209,233us-gaap_ComprehensiveIncomeNetOfTax [1]
Other-than-temporary impairment:        
Total other-than-temporary impairment, net (627)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities 2,389us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities 1,124us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities 3,973us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
Portion of pre-tax losses (recoveries) recognized in other comprehensive income 627us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParentAvailableforsaleSecurities (2,389)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParentAvailableforsaleSecurities (1,124)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParentAvailableforsaleSecurities (4,000)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParentAvailableforsaleSecurities
Net impairment losses recognized in other revenue $ 0us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities $ 0us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities $ 0us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities $ (27)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
[1] All components of other comprehensive income, net of tax, are attributable to Raymond James Financial, Inc.