Stifel Financial Corporation · NYSE:SF
Stifel Financial — Q1 2017 Earnings Presentation
16 slides from Stifel Financial's earnings presentation, May 1, 2017
Slide 1: 1st Quarter 2017 Financial Results Presentation
1st Quarter 2017 Financial Results Presentation May 1, 2017 Exhibit 99.2
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks, assumptions, and uncertainties, including statements relating to the market opportunity and futu
Slide 3: 1st Quarter Highlights & Results
1st Quarter Highlights & Results Record GAAP Net Revenue of $676 million Record Net Revenue for Global Wealth Management Segment of $443 million. Record Pre-Tax Operating Income for Global Wealth Management of $142 million Total Assets of $19.14 billion Bank NIM of 2.66% up 42 bps from Prior Quarter
Slide 4: Brokerage & Investment Banking Revenue
Brokerage & Investment Banking Revenue
Slide 5: Brokerage & Investment Banking Revenue
Brokerage & Investment Banking Revenue
Slide 6: Segment Results
Segment Results STIFEL
Slide 7: Global Wealth Management
Net revenue in the GWM segment was $443 mil., up 9% sequentially & 17% Y/Y Brokerage revenue increased 7% sequentially but declined 1% Y/Y Ex. Sterne IBC & Clearing, Brokerage revenue increased 9% Y/Y Net interest income increased 14% sequentially & 73% Y/Y 2,299 total FAs up sequentially from 2,282
Slide 8: Stifel Bank & Trust
Stifel Bank & Trust Investments $6557 $4,148 | 58% | $6209] 6% Mortgage Loans 2214 731 | 203% | 2,161] 2% Commercial Loans 1831 1295] 41% 1710] 7% Securities Based Loans 1729 1346] 28% 1614] 7% Total Loans, net $5,865 $3467 | 69% | $5,591 | 5% ToansHeldfor Sle 207 733 | 56% 229 | 10% Total Assets $1
Slide 9: Institutional Group
Total net revenue of $237 mil. decreased 6% sequentially & 2% Y/Y Investment banking revenue of $115 mil. decreased 6% sequentially but increased 25% Y/Y Equity underwriting of $37 mil. decreased 5% sequentially but increased 97% Y/Y Debt underwriting of $25mil. decreased 10% sequentially & 4% Y/Y A
Slide 10: Balance Sheet & Net Interest Income
Balance Sheet & Net Interest Income
Slide 11: Infrastructure Build and Balance Sheet Growth
139% Growth 105% Growth Infrastructure Build Balance Sheet Growth
Slide 12: Balance Sheet & Net Interest Margin
Net Interest Income Drivers: Total assets of $19.14 billion were flat sequentially but increased 35% Y/Y Average interest earning assets decreased to $15.2 billion down 3% sequentially but up 55% Y/Y NIM increased to 224 bps , up 33 bps sequentially & 26 bps Y/Y. NIM at Stifel Bank of 266 bps increa
Slide 13: GAAP & Non-GAAP Reconciliation
GAAP & Non-GAAP Reconciliation
Slide 14: GAAP to Non-GAAP Reconciliation Three months ended March 31, 2017
GAAP to Non-GAAP Reconciliation Three months ended March 31, 2017
Slide 15: Department of Labor Fiduciary Rule & Interest Rate Sensitivity Update
Department of Labor Fiduciary Rule & Interest Rate Sensitivity Update
Slide 16: Q&A
Q&A