Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Computation Of Basic And Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2019 and 2018 (in thousands, except per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Net income applicable to Stifel Financial Corp.	$	109,414	$	103,858	$	317,706	$	279,906
Preferred dividends		4,844		2,343		12,476		7,031
Net income available to common shareholders	$	104,570	$	101,515	$	305,230	$	272,875
Shares for basic and diluted calculation:
Average shares used in basic computation		71,197		71,919		72,512		71,824
Dilutive effect of stock options and units (1)		6,947		9,565		6,314		9,601
Average shares used in diluted computation		78,144		81,484		78,826		81,425
Earnings per common share:
Basic	$	1.47	$	1.41	$	4.21	$	3.80
Diluted	$	1.34	$	1.25	$	3.87	$	3.35

⁽¹⁾ Diluted earnings per share is computed on the basis of the weighted-average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method.