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Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 1,382,920 $ 1,142,596
Cash segregated for regulatory purposes 196,950 131,374
Receivables:    
Brokerage clients, net 1,469,706 1,351,786
Brokers, dealers, and clearing organizations 704,394 627,790
Securities purchased under agreements to resell [1] 458,968 385,008
Financial instruments owned, at fair value 932,511 972,932
Available-for-sale securities, at fair value 3,366,090 3,254,737
Held-to-maturity securities, at amortized cost 3,085,824 2,856,219
Loans:    
Held for investment, net 9,994,500 9,624,042
Held for sale, at lower of cost or market 570,787 389,693
Investments, at fair value 55,688 79,972
Fixed assets, net 829,824 1,107,928
Goodwill 1,184,514 1,194,074
Intangible assets, net 154,646 161,773
Loans and advances to financial advisors and other employees, net 537,882 525,332
Deferred tax assets, net 114,989 104,380
Other assets 855,813 700,589
Total assets 25,896,006 24,610,225
Payables:    
Brokerage clients 946,380 740,444
Brokers, dealers, and clearing organizations 545,927 712,291
Drafts 90,739 119,758
Securities sold under agreements to repurchase [2] 475,528 391,634
Bank deposits 16,880,933 15,332,581
Financial instruments sold, but not yet purchased, at fair value 668,795 662,852
Accrued compensation 264,645 507,009
Accounts payable and accrued expenses 1,027,314 1,146,706
Federal Home Loan Bank advances 250,000 250,000
Borrowings 198,150 150
Senior notes 1,017,269 1,017,010
Debentures to Stifel Financial Capital Trusts 60,000 60,000
Total liabilities 22,425,680 20,940,435
Stifel Financial Corp. shareholders' equity:    
Preferred stock - $1 par value; authorized 3,000,000 shares; issued 12,400 shares 310,000 310,000
Common stock - $0.15 par value; authorized 194,000,000 shares; issued 74,441,146 and 74,441,113 shares, respectively 11,166 11,166
Additional paid-in-capital 1,837,950 1,909,286
Retained earnings 1,728,911 1,715,704
Accumulated other comprehensive loss (96,460) (11,705)
Treasury stock, at cost, 5,928,739 and 6,113,084 shares, respectively (321,241) (319,660)
Total Stifel Financial Corp. shareholders’ equity 3,470,326 3,614,791
Non-controlling interests   54,999
Total equity 3,470,326 3,669,790
Total liabilities and equity $ 25,896,006 $ 24,610,225
[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 $462.3 million and $385.3 million at March 31, 2020 and December 31, 2019, respectively.
[2] Collateral pledged includes the fair value of securities pledged by our company to the counterparty. These securities are included in 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 $494.8 million and $407.3 million at March 31, 2020 and December 31, 2019, respectively.