Stifel Financial Corporation · NYSE:SF
Stifel Financial — Q2 2017 Earnings Presentation
16 slides from Stifel Financial's earnings presentation, Jul 31, 2017
Slide 1: 2nd Quarter 2017 Financial Results Presentation
2nd Quarter 2017 Financial Results Presentation July 31, 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: 2nd Quarter Highlights & Results
2nd Quarter Highlights & Results Record GAAP Net Revenue of $726 million Record Net Revenue for Global Wealth Management Segment of $452 million. Record Pre-Tax Operating Income for Global Wealth Management of $153 million Record Institutional Net Revenue of $276 million Record Investment Banking Re
Slide 4: Investment Banking & Brokerage Revenue
Investment Banking & Brokerage Revenue
Slide 5: Investment Banking & Brokerage Revenue
Investment Banking & Brokerage Revenue
Slide 6: Segment Results
Segment Results STIFEL
Slide 7: Global Wealth Management
Net revenue in the GWM segment was $452 mil., up 2% sequentially & 17% Y/Y Brokerage revenue declined 4% sequentially & Y/Y Ex. Sterne IBC & Clearing, Brokerage revenue increased 13% Y/Y Net interest income increased 7% sequentially & 76% Y/Y 2,277 total FAs down sequentially from 2,299 $258.1 billi
Slide 8: Stifel Bank & Trust
Stifel Bank & Trust Investments $6753 $4580| 47% | $6,557] 3% Mortgage Loans 2249 1,228 | 83% 2214| 2% Commercial Loans 2,064 1,425 | 45% 1831] 13% Securities Based Loans 1756 1,419] 24% 1729] 2% Total Loans, net $6,160 $4,170 | 48% | $5,865 | 5% ToansHeldfor Sle 140 251 | 44% 207 | 32% Total Assets
Slide 9: Institutional Group
Institutional Group Institutional Group Net Revenue Sequential n 2Q17 Change Change Institutional Revenue A Equity g5150 & Advisory $81 58% 26% 3 s100 3s Underwriting $46 27% 69% 50 2 a Brokerage $51 6% 8% 2ae 3016S 4s = 1017-2017 Total Equity Capital Markets Revenue $178 25% = 21% MBrokerage m Capi
Slide 10: Balance Sheet & Net Interest Income
Balance Sheet & Net Interest Income
Slide 11: Infrastructure Build, Balance Sheet Growth
139% Growth 109% Growth Infrastructure Build Balance Sheet Growth
Slide 12: Balance Sheet & Net Interest Margin
Net Interest Income Drivers: Total assets of $19.53 billion were up 2% sequentially & 27% Y/Y Average interest earning assets increased to $15.4 billion up 3% sequentially & 46% Y/Y NIM increased to 235 bps , up 11 bps sequentially & 55 bps Y/Y NIM at Stifel Bank of 277 bps increased 11 bps sequenti
Slide 13: GAAP & Non-GAAP Reconciliation
GAAP & Non-GAAP Reconciliation
Slide 14: GAAP to Non-GAAP Reconciliation Three months ended June 30, 2017
GAAP to Non-GAAP Reconciliation Three months ended June 30, 2017
Slide 15: Regulatory & Interest Rate Sensitivity Update
Regulatory & Interest Rate Sensitivity Update
Slide 16: Q&A
Q&A