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Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Assets    
Cash and cash equivalents $ 694,302 $ 696,283
Cash segregated for regulatory purposes 21,585 90,802
Receivables:    
Brokerage clients, net 1,466,664 1,384,096
Brokers, dealers, and clearing organizations 646,120 459,107
Securities purchased under agreements to resell [1] 622,361 512,220
Financial instruments owned, at fair value 1,162,732 1,143,684
Available-for-sale securities, at fair value 3,349,607 3,773,508
Held-to-maturity securities, at amortized cost [2] 4,565,453 3,698,098
Loans held for sale, at lower of cost or market 262,063 226,068
Bank loans, net 8,253,989 6,947,759
Investments, at fair value 79,170 111,379
Fixed assets, net 297,846 155,120
Goodwill 1,025,714 968,834
Intangible assets, net 118,923 109,627
Loans and advances to financial advisors and other employees, net 383,477 378,124
Deferred tax assets, net 116,880 105,152
Other assets 693,162 624,092
Total Assets 23,760,048 21,383,953
Payables:    
Brokerage clients 627,745 828,206
Brokers, dealers, and clearing organizations 928,132 276,302
Drafts 91,639 107,043
Securities sold under agreements to repurchase [3] 495,484 233,704
Bank deposits 14,502,952 13,411,935
Financial instruments sold, but not yet purchased, at fair value 911,374 778,863
Accrued compensation 379,453 493,973
Accounts payable and accrued expenses 374,456 308,911
Federal Home Loan Bank advances 1,064,000 745,000
Borrowings 140,030 256,000
Senior notes 1,015,714 1,014,940
Debentures to Stifel Financial Capital Trusts 67,500 67,500
Total liabilities 20,598,479 18,522,377
Shareholders’ Equity:    
Preferred stock - $1 par value; authorized 3,000,000 shares; 6,000 shares issued 150,000 150,000
Common stock - $0.15 par value; authorized 97,000,000 shares; issued 74,441,001 and 71,636,986 shares, respectively 11,166 10,746
Additional paid-in-capital 1,873,232 1,733,348
Retained earnings 1,265,536 1,033,526
Accumulated other comprehensive loss (59,389) (26,736)
Stockholders' Equity before adjustment for Treasury Stock 3,240,545 2,900,884
Treasury stock, at cost, 1,435,882 and 772,302 shares, respectively (78,976) (39,308)
Total Shareholders’ Equity 3,161,569 2,861,576
Total Liabilities and Shareholders’ Equity $ 23,760,048 $ 21,383,953
[1] Collateral received includes securities received by our company 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 pledged as collateral was $621.5 million and $509.4 million at September 30, 2018 and December 31, 2017, 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 by our company to the counter party. These securities are included on the consolidated statements of financial condition unless we default. Collateral pledged by our company to the counter party includes U.S. government agency securities, U.S. government securities, and corporate fixed income securities with market values of $522.4 million and $241.4 million at September 30, 2018 and December 31, 2017, respectively.