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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 2,725,992 $ 2,648,308
Cash segregated for regulatory purposes 28,065 29,895
Receivables:    
Brokerage clients, net 950,770 897,363
Brokers, dealers, and clearing organizations 438,159 486,465
Securities purchased under agreements to resell 642,850 528,976
Financial instruments owned, at fair value 1,419,156 1,169,008
Available-for-sale securities, at fair value 1,613,304 1,584,598
Held-to-maturity securities, at amortized cost [1] 6,716,753 6,524,954
Loans:    
Held for investment, net 20,225,273 20,731,796
Held for sale, at lower of cost or market 1,016,127 578,980
Investments, at fair value 75,459 75,358
Fixed assets, net 194,820 193,156
Operating lease right-of-use assets, net 786,314 809,174
Goodwill 1,395,215 1,395,218
Intangible assets, net 108,143 113,574
Loans and advances to financial advisors and other employees, net 670,553 682,196
Deferred tax assets, net 174,443 152,378
Other assets 1,202,331 1,294,143
Total assets 40,383,727 39,895,540
Payables:    
Brokerage clients 473,828 468,773
Brokers, dealers, and clearing organizations 375,454 215,249
Drafts 87,755 126,770
Securities sold under agreements to repurchase 684,561 580,170
Bank deposits 29,639,272 29,102,227
Financial instruments sold, but not yet purchased, at fair value 825,488 646,271
Accrued compensation 399,354 790,194
Lease liabilities, net 844,309 867,426
Accounts payable and accrued expenses 838,696 735,072
Senior notes 616,824 616,618
Debentures to Stifel Financial Capital Trusts 60,000 60,000
Total liabilities 34,845,541 34,208,770
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 111,662,630 and 111,662,571 shares, respectively 16,749 16,749
Additional paid-in-capital 1,811,493 1,895,568
Retained earnings 3,720,504 3,794,609
Accumulated other comprehensive loss (51,751) (75,638)
Treasury stock, at cost, 8,585,132 and 9,491,204 shares, respectively (643,809) (629,518)
Total equity 5,538,186 5,686,770
Total liabilities and equity $ 40,383,727 $ 39,895,540
[1] 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.