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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 2,768,353 $ 2,199,985
Cash segregated for regulatory purposes 33,399 29,017
Receivables:    
Brokerage clients, net 885,674 924,385
Brokers, dealers, and clearing organizations 363,008 418,091
Securities purchased under agreements to resell 412,367 348,162
Financial instruments owned, at fair value 1,056,745 731,752
Available-for-sale securities, at fair value 1,512,233 [1] 1,636,041
Held-to-maturity securities, at amortized cost [2] 5,900,379 5,990,451
Loans:    
Held for investment, net 20,292,553 20,465,092
Held for sale, at lower of cost or market 142,617 156,912
Investments, at fair value 91,154 99,376
Fixed assets, net 195,987 200,043
Operating lease right-of-use assets, net 786,496 775,949
Goodwill 1,399,129 1,326,548
Intangible assets, net 127,443 130,589
Loans and advances to financial advisors and other employees, net 678,059 654,112
Deferred tax assets, net 198,424 159,207
Other assets 1,033,557 950,412
Total assets 37,877,577 37,196,124
Payables:    
Brokerage clients 704,484 770,336
Brokers, dealers, and clearing organizations 217,916 94,954
Drafts 77,432 102,212
Securities sold under agreements to repurchase 408,950 212,011
Bank deposits 27,594,358 27,117,111
Financial instruments sold, but not yet purchased, at fair value 578,290 454,817
Accrued compensation 448,311 677,376
Accounts payable and accrued expenses 1,429,882 1,264,282
Senior notes 1,115,360 1,114,554
Debentures to Stifel Financial Capital Trusts 60,000 60,000
Total liabilities 32,634,983 31,867,653
Stifel Financial Corp. shareholders' equity:    
Preferred stock - $1 par value; authorized 3,000,000 shares; issued 27,400 shares 685,000 685,000
Common stock - $0.15 par value; authorized 194,000,000 shares; issued 111,662,225 and 111,662,034 shares, respectively 16,749 16,749
Additional paid-in-capital 1,885,424 1,928,069
Retained earnings 3,299,143 3,169,095
Accumulated other comprehensive loss (134,159) (117,960)
Treasury stock, at cost, 8,541,973 and 6,314,033 shares, respectively (509,563) (352,482)
Total equity 5,242,594 5,328,471
Total liabilities and equity $ 37,877,577 $ 37,196,124
[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.