STIFEL FINANCIAL CORP SF Income Statement

Stifel financial corp (SF)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues:
Revenue from contracts with customers
633,108	690,795	585,587	559,517	516,338	581,996	532,144	531,349	541,656	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal transactions
138,666	106,408	97,847	96,464	104,032	81,460	83,152	88,984	97,782	97,256	87,010	95,703	116,857	111,052	117,002	126,426	120,948	107,979	95,593	85,542	100,205	93,918	94,828	110,717	110,360	67,801	122,583	111,306	107,264	69,889	102,474	91,564	116,233	97,054	76,650	79,741	92,859	-	-	122,923	117,420	123,238	121,261
Interest
161,177	167,087	178,784	187,940	191,071	184,534	169,760	154,421	137,734	126,615	117,862	108,951	100,953	90,885	74,881	65,780	62,786	49,137	43,376	43,852	42,736	44,923	52,096	46,114	42,836	40,710	39,130	32,893	29,806	29,907	26,360	27,181	25,257	24,953	24,161	21,229	18,856	-	-	14,654	14,647	11,306	10,584
Other income
9,207	17,917	8,747	13,505	12,209	6,996	6,127	9,073	3,357	12,016	9,558	7,198	8,752	12,953	9,209	17,405	7,231	17,753	18,930	13,741	11,800	-4,001	4,803	8,745	5,238	19,390	13,063	11,787	20,419	19,342	31,094	5,418	13,294	8,299	540	4,556	6,256	-	-	3,757	1,945	5,072	1,849
Total revenues
937,391	975,699	865,716	853,678	819,868	851,325	786,810	780,011	776,811	823,950	738,794	742,291	691,427	677,509	661,369	669,407	634,085	593,772	601,371	607,849	574,001	590,578	534,683	568,993	555,431	574,155	490,174	506,312	449,173	413,815	420,061	384,264	409,343	339,757	340,520	365,240	372,855	-	-	330,358	314,371	292,589	264,550
Interest expense
24,357	31,448	44,144	52,891	49,448	57,876	48,468	37,279	26,453	19,865	17,625	16,644	15,896	16,118	19,383	17,262	14,111	12,486	9,796	10,098	13,019	12,470	11,228	8,888	8,675	11,630	11,535	12,634	10,569	8,599	5,904	9,857	9,010	6,373	6,306	6,383	6,242	-	-	2,349	2,341	2,906	3,045
Net revenues
913,034	944,251	821,572	800,787	770,420	793,449	738,342	742,732	750,358	804,085	721,169	725,647	675,531	661,391	641,986	652,145	619,974	581,286	591,575	597,751	560,982	578,108	523,455	560,105	546,756	562,525	478,639	493,678	438,604	405,216	414,157	374,407	400,333	333,384	334,214	358,857	366,613	401,599	340,388	328,009	312,030	289,683	261,505
Non-interest expenses:
Compensation and benefits
577,179	566,981	486,160	466,861	458,114	448,375	422,324	442,170	457,893	620,256	448,410	453,876	436,387	420,644	434,236	460,023	411,113	398,966	404,205	409,998	355,693	370,235	331,440	355,268	346,989	353,207	326,020	317,247	314,912	251,604	264,458	239,374	254,704	215,532	210,573	229,939	231,166	-	-	216,907	206,242	193,131	175,881
Occupancy and equipment rental
66,073	64,327	58,649	61,055	58,862	57,158	54,035	53,596	57,595	54,844	57,427	57,892	52,545	52,870	62,453	58,746	57,255	61,667	53,282	48,346	44,170	43,410	41,611	43,237	40,782	42,179	41,288	41,282	33,519	32,658	32,596	32,320	30,791	29,982	30,914	29,723	29,325	-	-	26,595	24,858	24,730	20,714
Communications and office supplies
41,124	39,845	36,817	35,069	35,697	36,786	33,330	36,639	33,499	30,807	34,650	34,192	33,844	34,376	31,182	37,426	36,660	34,652	35,678	31,114	29,234	28,766	27,464	25,858	24,838	25,691	26,122	25,456	22,457	18,675	19,561	20,797	20,373	17,839	18,838	18,515	18,845	-	-	15,925	14,418	14,429	13,129
Commissions and floor brokerage
14,842	11,505	10,542	11,008	10,956	11,169	11,338	10,095	9,365	10,945	11,232	11,232	10,723	9,661	10,777	12,145	11,732	10,895	12,430	9,124	10,069	8,307	9,971	9,248	9,029	8,448	10,150	9,790	8,837	6,409	7,842	7,747	7,612	4,480	7,400	6,894	6,649	-	-	5,272	5,744	6,486	6,321
Provision for loan losses
18,978	-	-	-	2,283	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating expenses
79,732	101,283	78,650	78,812	66,699	84,030	76,785	81,885	72,452	88,053	61,311	85,257	63,013	88,946	75,356	68,012	59,301	64,024	63,632	61,098	51,750	54,210	47,203	52,075	47,689	55,012	44,051	47,328	35,221	30,425	28,526	30,295	27,599	20,984	27,466	69,911	29,944	-	-	27,365	21,203	20,071	19,351
Total non-interest expenses
797,928	781,658	670,818	652,805	632,611	637,518	597,812	624,385	630,804	804,905	613,030	642,449	596,512	606,497	614,004	636,352	576,061	570,204	569,227	559,680	490,916	504,928	457,689	485,686	469,327	484,537	447,631	441,103	414,946	339,771	352,983	330,533	341,079	288,817	295,191	354,982	315,929	-	-	292,064	272,465	258,847	235,396
Income from operations before income tax expense
115,106	162,593	150,754	147,982	137,809	155,931	140,530	118,347	119,554	-820	108,139	83,198	79,019	54,894	27,982	15,793	43,913	11,082	22,348	38,071	70,066	73,180	65,766	74,419	77,429	77,988	31,008	52,575	23,658	65,445	61,174	43,874	59,254	44,567	39,023	3,875	50,684	66,817	-142,556	35,945	39,565	30,836	26,109
Provision for income taxes
28,517	31,925	40,632	38,225	38,370	41,869	36,672	31,060	30,793	1,168	41,603	30,387	13,507	28,014	10,168	6,022	16,858	-90	5,169	17,183	26,969	25,125	25,673	30,819	30,047	25,862	-43,921	21,659	8,722	18,492	23,740	17,738	24,481	17,416	16,719	459	19,286	-	-	14,836	15,825	8,698	10,294
Net income
86,589	130,668	110,122	109,757	99,439	114,062	103,858	87,287	88,761	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income applicable to non-controlling interests
-	-22	708	672	232	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,093	-	-	52,126	74,929	30,916	14,936	-	37,434	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations:
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-190	-	-	-3,857	-5,239	-1,481	-317	-	276	-	-	-	-	-	-	-	-	-	-	-	-
Net income applicable to Stifel Financial Corp.
86,589	130,690	109,414	109,085	99,207	114,062	103,858	87,287	88,761	-1,988	66,536	52,811	65,512	26,880	17,814	9,771	27,055	11,172	17,179	20,888	43,097	45,182	39,903	43,600	47,382	-	69,690	29,435	-	39,954	37,710	26,136	34,773	27,016	22,304	3,416	31,398	41,394	-84,336	21,109	23,740	22,138	15,815
Preferred dividends
4,844	4,843	4,844	5,288	2,344	2,344	2,343	2,344	2,344	2,344	2,343	2,344	2,344	-	1,563	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available to common shareholders
81,745	125,847	104,570	103,797	96,863	111,718	101,515	84,943	86,417	-4,332	64,193	50,467	63,168	24,537	16,251	9,771	27,055	-	17,179	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings per common share:
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.60	-	-	0.83	1.16	0.48	0.25	-	0.70	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.06	-0.08	-0.02	-0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic
1.15	1.79	1.47	1.43	1.35	1.56	1.41	1.18	1.20	-0.07	0.94	0.74	0.92	0.37	0.24	0.15	0.40	0.17	0.25	0.31	0.62	0.67	0.60	0.66	0.72	0.77	1.08	0.46	0.24	0.75	0.70	0.49	0.65	0.52	0.43	0.06	0.60	0.71	-1.65	0.46	0.52	0.77	0.58
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.52	-	-	0.71	1.00	0.42	0.22	-	0.60	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.05	-0.07	-0.02	-0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted
1.07	1.62	1.34	1.31	1.22	1.38	1.25	1.04	1.06	-0.06	0.79	0.63	0.78	0.30	0.21	0.13	0.36	0.13	0.22	0.27	0.56	0.58	0.52	0.58	0.63	0.66	0.93	0.40	0.21	0.63	0.60	0.42	0.55	0.44	0.35	0.05	0.50	0.83	-1.65	0.40	0.45	0.67	0.51
Cash dividends declared per common share
0.17	0.15	0.15	0.15	0.15	0.12	0.12	0.12	0.12	0.10	0.10	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted-average number of common shares outstanding:
Basic
71,286	70,470	71,197	72,519	71,700	71,666	71,919	71,692	71,999	68,784	68,522	68,556	68,386	66,631	66,482	66,792	67,579	68,163	69,633	68,370	68,006	66,858	66,691	66,302	66,037	65,007	64,706	64,505	60,054	53,839	53,601	53,569	53,243	51,839	52,367	52,932	52,534	51,354	51,201	46,257	46,080	28,708	27,455
Diluted
76,619	77,813	78,144	79,079	79,210	80,706	81,484	81,299	81,789	82,543	80,881	80,021	80,695	80,640	77,544	75,982	76,086	79,242	79,759	77,856	77,359	77,491	76,681	75,641	75,691	75,546	75,191	74,090	69,189	63,347	63,054	62,678	62,669	62,656	63,152	63,245	63,179	63,965	61,834	52,351	52,538	32,817	31,270
Commissions [Member]
Revenue from contracts with customers
211,098	183,144	163,920	164,981	155,449	167,039	158,016	166,902	165,775	168,754	162,612	172,264	175,274	178,683	171,272	182,104	197,930	191,380	194,083	183,771	180,302	170,203	167,601	164,371	172,243	193,788	145,837	154,795	145,867	142,564	125,509	127,427	123,303	111,389	143,243	138,315	155,786	-	-	103,634	105,035	90,905	80,721
Investment Banking [Member]
Revenue from contracts with customers
179,468	277,174	198,790	179,617	161,840	201,233	169,012	161,063	176,362	232,746	181,904	185,261	126,852	134,452	144,799	133,125	100,658	98,203	118,753	161,007	125,089	179,573	118,717	144,815	135,584	168,537	92,851	119,443	76,905	83,142	71,743	67,363	70,438	42,145	37,673	64,418	41,418	-	-	41,252	34,221	35,056	24,702
Asset Management and Service Fees [Member]
Revenue from contracts with customers
237,775	223,969	217,628	211,171	195,267	210,063	200,743	199,568	195,801	186,563	179,848	172,914	162,739	149,484	144,206	144,567	144,532	129,320	130,636	119,936	113,869	105,962	96,638	94,231	89,170	83,929	76,710	76,088	68,912	68,971	62,881	65,311	60,818	55,917	58,253	56,981	57,680	-	-	44,138	41,103	27,012	25,433