Business
Stifel Reports First Quarter 2025 Results
ST. LOUIS, April 23, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported net revenues of $1.26 billion for the three months ended March 31, 2025, compared with $1.16 billion a year ago. Net income available to common shareholders was $43.7 million, or $0.39 per diluted common share, compared with $154.3 million, or $1.40 per diluted common share for the first quarter of 2024. Non-GAAP net income available to common shareholders was $54.2 million, or $0.49 per diluted common
About this update from Stifel Financial Corporation
[{"type":"image","alt":"Stifel Financial Corporation","displaySize":"","headline":null,"caption":"Stifel Financial Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":200,"height":75,"url":"https://media.zenfs.com/en/globenewswire.com/0a9b0cd559a26062b1fe58998ae192af"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/.dz7KEZoJAWVTARcwxRelw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTEzNTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/0a9b0cd559a26062b1fe58998ae192af","width":200,"height":75}},"lazy":false},{"type":"text","content":"ST. LOUIS, April 23, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported net revenues of $1.26 billion for the three months ended March 31, 2025, compared with $1.16 billion a year ago. Net income available to common shareholders was $43.7 million, or $0.39 per diluted common share, compared with $154.3 million, or $1.40 per diluted common share for the first quarter of 2024. Non-GAAP net income available to common shareholders was $54.2 million, or $0.49 per diluted common share for the first quarter of 2025.","length":537,"tagName":"p"},{"type":"text","content":"Ronald J. Kruszewski, Chairman and Chief Executive Officer, said “Our net revenue of $1.26 billion marks the highest first-quarter revenue in our history, with year-over-year growth across all revenue lines. The investments we’ve made in our business and our focus on delivering valued advice drove growth in both our Global Wealth Management and Institutional Group — despite the headwinds from market volatility and a significant legal charge. We remain optimistic about long-term growth, emphasizing the resilience of U.S. financial markets and the value our advice-driven model delivers during periods of uncertainty.”","length":622,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"The Company reported net revenues of $1.26 billion, the third best quarter in its history, driven by higher asset management revenues, investment banking revenues, transactional revenues, and net interest income.","length":212,"tagName":"p"}]},{"val":[{"type":"text","content":"Non-GAAP net income available to common shareholders of $0.49 per diluted common share was negatively impacted by elevated provisions for legal matters of $1.16 per diluted commo...