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Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 1,963,326 $ 2,279,274
Cash segregated for regulatory purposes 186,331 172,932
Receivables:    
Brokerage clients, net 1,152,877 936,500
Brokers, dealers, and clearing organizations 574,256 549,492
Securities purchased under agreements to resell 579,866 217,930
Financial instruments owned, at fair value 1,157,004 694,028
Available-for-sale securities, at fair value 2,113,893 [1] 2,230,297
Held-to-maturity securities, at amortized cost 5,348,558 [2] 4,117,384
Loans:    
Held for investment, net 16,627,847 11,006,760
Held for sale, at lower of cost or market 207,715 551,248
Investments, at fair value 117,804 113,862
Fixed assets, net 168,206 167,915
Operating lease right-of-use assets, net 750,734 793,181
Goodwill 1,306,892 1,181,998
Intangible assets, net 148,157 140,984
Loans and advances to financial advisors and other employees, net 653,955 596,993
Deferred tax assets, net 111,283 136,477
Other assets 881,011 716,999
Total assets 34,049,715 26,604,254
Payables:    
Brokerage clients 971,924 1,063,937
Brokers, dealers, and clearing organizations 257,729 177,937
Drafts 122,617 117,737
Securities sold under agreements to repurchase 385,528 190,955
Bank deposits 23,280,348 17,396,497
Financial instruments sold, but not yet purchased, at fair value 756,150 437,978
Accrued compensation 932,804 638,298
Accounts payable and accrued expenses 1,134,178 1,169,740
Senior notes, net 1,113,478 1,112,409
Debentures to Stifel Financial Capital Trusts 60,000 60,000
Total liabilities 29,014,756 22,365,488
Equity    
Preferred stock − $1 par value; authorized 3,000,000 shares; issued 27,400 and 21,400 shares, respectively 685,000 535,000
Common stock $0.15 par value; authorized 194,000,000 shares; issued 111,661,763 and 111,661,621 shares, respectively 16,749 16,749
Additional paid-in-capital 1,922,382 1,888,982
Retained earnings 2,757,208 2,078,135
Accumulated other comprehensive income 4,718 27,639
Treasury stock, at cost, 7,162,850 and 8,512,584 shares, respectively (351,098) (307,739)
Total equity 5,034,959 4,238,766
Total liabilities and equity $ 34,049,715 $ 26,604,254
[1] Due to the immaterial amount of income recognized on tax-exempt securities, yields were not calculated on a tax-equivalent basis.
[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.