Consolidated Statements of Financial Condition - USD ($) $ in Thousands		Dec. 31, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents		$ 2,253,789	$ 2,648,308
Cash segregated for regulatory purposes		29,018	29,895
Receivables:
Brokerage clients, net		1,138,094	897,363
Brokers, dealers, and clearing organizations		571,663	486,465
Securities purchased under agreements to resell	[1]	564,162	528,976
Financial instruments owned, at fair value		1,427,835	1,169,008
Available-for-sale securities, at fair value		1,593,390	1,584,598
Held-to-maturity securities, at amortized cost	[2]	6,549,054	6,524,954
Loans:
Held for investment, net		21,925,257	20,731,796
Held for sale, at lower of cost or fair value		502,199	578,980
Investments, at fair value		81,825	75,358
Fixed assets, net		197,119	193,156
Operating lease right-of-use assets, net		788,477	809,174
Goodwill		1,463,858	1,395,218
Intangible assets, net		108,045	113,574
Loans and advances to financial advisors and other employees, net		744,635	682,196
Deferred tax assets, net		151,204	152,378
Other assets		1,181,158	1,294,143
Total assets		41,270,782	39,895,540
Payables:
Brokerage clients		431,583	468,773
Brokers, dealers, and clearing organizations		303,378	215,249
Drafts		142,916	126,770
Securities sold under agreements to repurchase	[3]	651,236	580,170
Bank deposits		29,752,063	29,102,227
Financial instruments sold, but not yet purchased, at fair value		793,626	646,271
Accrued compensation		988,952	790,194
Lease liabilities, net		855,899	867,426
Accounts payable and accrued expenses		701,369	735,072
Senior notes, net		617,443	616,618
Debentures to Stifel Financial Capital Trusts		55,000	60,000
Total liabilities		35,293,465	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 111,662,776 and 111,662,571 shares, respectively		16,749	16,749
Additional paid-in-capital		1,916,324	1,895,568
Retained earnings		4,163,363	3,794,609
Accumulated other comprehensive loss		(17,809)	(75,638)
Treasury stock, at cost, 9,998,343 and 9,491,204 shares, respectively		(786,310)	(629,518)
Total equity		5,977,317	5,686,770
Total liabilities and equity		$ 41,270,782	$ 39,895,540

[1] Available collateral includes securities received from the counterparty. These securities are not included on the consolidated statements of financial condition unless there is an event of default. The fair value of securities received as collateral was $561.3 million and $524.7 million at December 31, 2025 and 2024, respectively.

[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.

[3] Collateral pledged includes the fair value of securities pledged to the counterparty. These securities are included on the consolidated statements of financial condition unless we default. Collateral pledged by our company to the counterparty includes U.S. government agency securities, U.S. government securities, and corporate fixed income securities with market values of $687.2 million and $596.5 million at December 31, 2025 and 2024, respectively.