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Consolidated Statements Of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Revenue from contracts with customers $ 605,314 $ 559,517 $ 1,238,422 $ 1,075,855
Principal transactions 166,017 96,464 304,683 200,496
Interest 128,368 187,940 289,545 379,011
Other income 21,514 13,505 30,721 25,714
Total revenues 908,901 853,678 1,846,292 1,673,546
Interest expense 13,084 52,891 37,441 102,339
Net revenues [1] 895,817 800,787 1,808,851 1,571,207
Non-interest expenses:        
Compensation and benefits 547,174 466,861 1,124,353 924,975
Occupancy and equipment rental 66,264 61,055 132,337 119,917
Communications and office supplies 43,046 35,069 84,170 70,766
Commissions and floor brokerage 15,177 11,008 30,019 21,964
Provision for credit losses 19,210 2,353 35,278 4,636
Other operating expenses 61,986 76,459 144,628 143,158
Total non-interest expenses 752,857 652,805 1,550,785 1,285,416
Income from operations before income tax expense 142,960 147,982 258,066 285,791
Provision for income taxes 35,073 38,225 63,590 76,595
Net income 107,887 109,757 194,476 209,196
Net income applicable to non-controlling interests   672   904
Net income applicable to Stifel Financial Corp. 107,887 109,085 194,476 208,292
Preferred dividends 4,843 5,288 9,687 7,632
Net income available to common shareholders $ 103,044 $ 103,797 $ 184,789 $ 200,660
Earnings per common share:        
Basic $ 1.46 $ 1.43 $ 2.61 $ 2.74
Diluted 1.39 1.31 2.44 2.53
Cash dividends declared per common share $ 0.17 $ 0.15 $ 0.34 $ 0.30
Weighted-average number of common shares outstanding:        
Basic 70,527 72,519 70,905 73,180
Diluted 74,387 79,079 75,651 79,160
Commissions [Member]        
Revenues:        
Revenue from contracts with customers $ 177,028 $ 164,981 $ 388,126 $ 320,430
Investment Banking [Member]        
Revenues:        
Revenue from contracts with customers 217,035 179,617 396,503 341,457
Asset Management and Service Fees [Member]        
Revenues:        
Revenue from contracts with customers $ 198,939 $ 211,171 $ 436,714 $ 406,438
[1] No individual client accounted for more than 10 percent of total net revenues for the three and six months ended June 30, 2020 or 2019.