STIFEL FINANCIAL CORP
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
SF$73.21+2.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Shareholders’ Equity
| Year ended December 31, | |||
|---|---|---|---|
| (in thousands, except per share amounts) | 2023 | 2022 | 2021 |
| Preferred stock, par value $1.00 per share: | |||
| Balance, beginning of year | $685,000 | $685,000 | $535,000 |
| Issuance of preferred stock | — | — | 300,000 |
| Redemption of preferred stock | — | — | (150,000) |
| Balance, end of year | 685,000 | 685,000 | 685,000 |
| Common stock, par value $0.15 per share: | |||
| Balance, beginning of year | 16,749 | 16,749 | 16,749 |
| Issuance of common stock | — | — | — |
| Balance, end of year | 16,749 | 16,749 | 16,749 |
| Additional paid-in-capital: | |||
| Balance, beginning of year | 1,928,069 | 1,922,382 | 1,888,982 |
| Unit amortization, net of forfeitures | 149,088 | 150,408 | 127,458 |
| Distributions under employee plans | (172,154) | (144,658) | (120,158) |
| Issuance of preferred stock | — | — | (9,112) |
| Common stock issued for acquisitions | — | — | 35,186 |
| Other | 94 | (63) | 26 |
| Balance, end of year | 1,905,097 | 1,928,069 | 1,922,382 |
| Retained earnings: | |||
| Balance, beginning of year | 3,169,095 | 2,757,208 | 2,078,135 |
| Net income | 522,536 | 662,155 | 824,858 |
| Dividends declared: | |||
| Common | (172,985) | (148,694) | (74,437) |
| Preferred | (37,281) | (37,281) | (35,587) |
| Distributions under employee plans | (83,135) | (65,415) | (35,233) |
| Other | 380 | 1,122 | (528) |
| Balance, end of year | 3,398,610 | 3,169,095 | 2,757,208 |
| Accumulated other comprehensive income/(loss): | |||
| Balance, beginning of year | (117,960) | 4,718 | 27,639 |
| Unrealized gains/(losses) on securities, net of tax | 38,180 | (177,731) | (19,385) |
| Foreign currency translation adjustment, net of tax | 5,454 | 55,053 | (3,536) |
| Balance, end of year | (74,326) | (117,960) | 4,718 |
| Treasury stock, at cost: | |||
| Balance, beginning of year | (352,482) | (351,098) | (307,739) |
| Distributions under employee plans | 159,659 | 104,447 | 74,568 |
| Common stock issued for acquisitions | — | — | 54,814 |
| Common stock repurchased | (443,876) | (105,831) | (172,741) |
| Balance, end of year | (636,699) | (352,482) | (351,098) |
| Total Shareholders’ Equity | $5,294,431 | $5,328,471 | $5,034,959 |
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