XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 1,791,755 $ 1,142,596
Cash segregated for regulatory purposes 111,017 131,374
Receivables:    
Brokerage clients, net 1,033,823 1,351,786
Brokers, dealers, and clearing organizations 583,458 627,790
Securities purchased under agreements to resell [1] 446,766 385,008
Financial instruments owned, at fair value 846,218 972,932
Available-for-sale securities, at fair value 3,172,489 3,254,737
Held-to-maturity securities, at amortized cost 3,085,790 2,856,219
Loans:    
Held for investment, net 10,448,313 9,624,042
Held for sale, at lower of cost or market 474,899 389,693
Investments, at fair value 95,407 79,972
Fixed assets, net 839,984 1,107,928
Goodwill 1,180,702 1,194,074
Intangible assets, net 149,841 161,773
Loans and advances to financial advisors and other employees, net 543,279 525,332
Deferred tax assets, net 101,072 104,380
Other assets 719,412 700,589
Total assets 25,624,225 24,610,225
Payables:    
Brokerage clients 982,450 740,444
Brokers, dealers, and clearing organizations 298,911 712,291
Drafts 90,321 119,758
Securities sold under agreements to repurchase [2] 219,888 391,634
Bank deposits 16,302,821 15,332,581
Financial instruments sold, but not yet purchased, at fair value 598,322 662,852
Accrued compensation 375,862 507,009
Accounts payable and accrued expenses 1,076,686 1,146,856
Federal Home Loan Bank advances 323,000 250,000
Senior notes 1,411,904 1,017,010
Debentures to Stifel Financial Capital Trusts 60,000 60,000
Total liabilities 21,740,165 20,940,435
Stifel Financial Corp. shareholders' equity:    
Preferred stock - $1 par value; authorized 3,000,000 shares; issued 21,400 and 12,400 shares, respectively 535,000 310,000
Common stock - $0.15 par value; authorized 194,000,000 shares; issued 74,441,171 and 74,441,113 shares, respectively 11,166 11,166
Additional paid-in-capital 1,853,191 1,909,286
Retained earnings 1,818,335 1,715,704
Accumulated other comprehensive loss (16,022) (11,705)
Treasury stock, at cost, 5,870,821 and 6,113,084 shares, respectively (317,610) (319,660)
Total Stifel Financial Corp. shareholders’ equity 3,884,060 3,614,791
Non-controlling interests   54,999
Total equity 3,884,060 3,669,790
Total liabilities and equity $ 25,624,225 $ 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 $447.6 million and $385.3 million at June 30, 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 $227.0 million and $407.3 million at June 30, 2020 and December 31, 2019, respectively