STIFEL FINANCIAL CORP
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
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 Operations
| Year Ended December 31, | |||
|---|---|---|---|
| (in thousands, except per share amounts) | 2023 | 2022 | 2021 |
| Revenues: | |||
| Commissions | $673,597 | $710,589 | $809,500 |
| Principal transactions | 490,440 | 529,033 | 581,164 |
| Investment banking | 731,255 | 971,485 | 1,565,381 |
| Asset management | 1,299,496 | 1,262,919 | 1,206,516 |
| Interest | 1,955,745 | 1,099,115 | 548,400 |
| Other income | 8,747 | 19,685 | 72,125 |
| Total revenues | 5,159,280 | 4,592,826 | 4,783,086 |
| Interest expense | 810,336 | 201,387 | 45,998 |
| Net revenues | 4,348,944 | 4,391,439 | 4,737,088 |
| Non-interest expenses: | |||
| Compensation and benefits | 2,554,581 | 2,586,232 | 2,820,301 |
| Occupancy and equipment rental | 339,322 | 313,247 | 290,243 |
| Communications and office supplies | 184,652 | 175,135 | 165,490 |
| Commissions and floor brokerage | 58,344 | 57,752 | 59,681 |
| Provision for credit losses | 24,999 | 33,506 | (11,502) |
| Other operating expenses | 480,354 | 340,451 | 345,794 |
| Total non-interest expenses | 3,642,252 | 3,506,323 | 3,670,007 |
| Income before income tax expense | 706,692 | 885,116 | 1,067,081 |
| Provision for income taxes | 184,156 | 222,961 | 242,223 |
| Net income | 522,536 | 662,155 | 824,858 |
| Preferred dividends | 37,281 | 37,281 | 35,587 |
| Net income available to common shareholders | $485,255 | $624,874 | $789,271 |
| Earnings per common share: | |||
| Basic | $4.55 | $5.74 | $7.34 |
| Diluted | $4.28 | $5.32 | $6.66 |
| Cash dividends declared per common share | $1.44 | $1.20 | $0.60 |
| Weighted-average number of common shares outstanding: | |||
| Basic | 106,661 | 108,848 | 107,536 |
| Diluted | 113,453 | 117,540 | 118,530 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.