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Consolidated Statements Of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]        
Net income $ 110,122 $ 103,858 $ 319,318 $ 279,906
Other comprehensive income/(loss), net of tax:        
Changes in unrealized gains/(losses) on available-for-sale securities [1],[2],[3],[4] 16,344 (3,138) 58,428 (28,065)
Changes in unrealized gains/(losses) on cash flow hedging instruments [2],[4],[5] (477) (1,523) (4,260) 1,895
Foreign currency translation adjustment [2],[4] (4,106) (1,336) (5,239) (3,434)
Total other comprehensive income/(loss), net of tax 11,761 (5,997) 48,929 (29,604)
Comprehensive income 121,883 97,861 368,247 250,302
Net income applicable to non-controlling interests 708   1,612  
Comprehensive income applicable to Stifel Financial Corp. $ 121,175 $ 97,861 $ 366,635 $ 250,302
[1] As part of the adoption of ASU 2019-04, in the third quarter of 2019, the Company made a one-time election to transfer a portion of its held-to-maturity securities to available-for-sale. The transfer resulted in a net of tax increase to accumulated other comprehensive income of $17.9 million. See Notes 2 and 6 for additional information on the transfer.
[2] Net of tax expense of $4.4 million and tax benefit of $2.1 million for the three months ended September 30, 2019 and 2018, respectively. Net of tax expense of $18.1 million and tax benefit of $10.4 million for the nine months ended September 30, 2019 and 2018, respectively.
[3] Reclassifications to earnings during the three months ended September 30, 2019 were immaterial. Net of reclassifications to earnings of realized losses of $0.2 million for the nine months ended September 30, 2019. There were no reclassifications to earnings during the three and nine months ended September 30, 2018.
[4] The adoption of ASU 2018-02 on January 1, 2018 resulted in a reclassification of $3.0 million to retained earnings related to cash flow hedges and investment portfolio risk.
[5] Amounts are net of reclassifications to earnings of gains of $0.6 million and $1.5 million for the three months ended September 30, 2019 and 2018, respectively. Amounts are net of reclassifications to earnings of gains of $2.9 million and $3.3 million for the nine months ended September 30, 2019 and 2018, respectively.