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Consolidated Statements Of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Revenue from contracts with customers $ 636,899 $ 585,587 $ 1,875,321 $ 1,661,442
Principal transactions 140,883 97,847 445,566 298,343
Interest 114,411 178,784 403,956 557,795
Other income 20,258 8,747 50,979 34,461
Total revenues 897,122 865,716 2,743,414 2,539,262
Interest expense 13,822 44,144 51,263 146,483
Net revenues [1] 883,300 821,572 2,692,151 2,392,779
Non-interest expenses:        
Compensation and benefits 533,638 486,160 1,657,991 1,411,135
Occupancy and equipment rental 68,598 58,649 200,935 178,566
Communications and office supplies 40,123 36,817 124,293 107,583
Commissions and floor brokerage 13,254 10,542 43,273 32,506
Provision for credit losses (1,353) 929 33,925 5,565
Other operating expenses 70,647 77,721 215,275 220,879
Total non-interest expenses 724,907 670,818 2,275,692 1,956,234
Income from operations before income tax expense 158,393 150,754 416,459 436,545
Provision for income taxes 37,866 40,632 101,456 117,227
Net income 120,527 110,122 315,003 319,318
Net income applicable to non-controlling interests   708   1,612
Net income applicable to Stifel Financial Corp. 120,527 109,414 315,003 317,706
Preferred dividends 9,897 4,844 19,584 12,476
Net income available to common shareholders $ 110,630 $ 104,570 $ 295,419 $ 305,230
Earnings per common share:        
Basic $ 1.57 $ 1.47 $ 4.17 $ 4.21
Diluted 1.46 1.34 3.90 3.87
Cash dividends declared per common share $ 0.17 $ 0.15 $ 0.51 $ 0.45
Weighted-average number of common shares outstanding:        
Basic 70,627 71,197 70,814 72,512
Diluted 75,850 78,144 75,712 78,826
Commissions [Member]        
Revenues:        
Revenue from contracts with customers $ 172,654 $ 163,920 $ 560,780 $ 484,350
Investment Banking [Member]        
Revenues:        
Revenue from contracts with customers 218,134 198,790 614,637 540,247
Asset Management and Service Fees [Member]        
Revenues:        
Revenue from contracts with customers $ 230,782 $ 217,628 $ 667,496 $ 624,066
[1] No individual client accounted for more than 10 percent of total net revenues for the three and nine months ended September 30, 2020 or 2019.