Stifel Financial Corporation · NYSE:SF
Stifel Financial — Q1 2019 Earnings Presentation
15 slides from Stifel Financial's earnings presentation, Apr 30, 2019
Slide 1: 1st Quarter Financial Results Presentation
1st Quarter Financial Results Presentation April 30, 2019 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: Highlights & First Quarter Results
Highlights & First Quarter Results Net Revenue of $770 million, up 3% Y/Y. Record Net Interest Income of $142 million, up 27% Y/Y. Record Global Wealth Management Net Revenue of $511 million, up 5% Y/Y. Record Global Wealth Management Pre-Tax Margin of 38.1% Bank Net Interest Margin of 3.17%, up 28
Slide 4: Segment Results
Segment Results STIFEL
Slide 5: Global Wealth Management
Global Wealth Management Sequential GWM NetRevenue as $600 milli 1019 ‘Change ‘Change $500 [Global Wealth Management Revenue F400 Conmissions S10 8% 8% 35300 Principal Transedions $43 1% 1% Brokerage 5153 8% 8% 300 bcs 3 Asst hlanagerent & Service Fees 5195 0% 1% $100 Netirterest S145 23% «10% so ‘
Slide 6: Institutional Group
Institutional Group Institutional Group Net Revenue sais (208 ais, gas 1019 WAdvisory Fees mm Capital Raising m Brokerage m Other Institutional Group Pre-tax Margin & 0S Contribution es 1o1e 2018 «3018 4a1g 1019 mmm Pretax Contribution = —#=Pretax Margin Protx @rtitution(ni) Underwriting $28 47% = 4
Slide 7: Balance Sheet, Net Interest Income, & Expenses
Balance Sheet, Net Interest Income, & Expenses
Slide 8: Balance Sheet
Balance Sheet * 1Q19 Capital ratios are estimated
Slide 9: Net Interest Income
Net Interest Income *Yields for Average Assets & Liabilities include the impact of Financial Instruments Owned, Stock Loan, Stifel Capital Trusts, Cash and Other. **Net interest margin in historical periods reflect impact of reverse repos
Slide 10: Stifel Bancorp, Inc
Stifel Bancorp, Inc Mortgage Backed Securities 14831697 | 13%] 1.551] 4% Corporates, 947 1280 | -26% 931] 2% Other 60 69| -13% 68 | 12% Total Other Securities 2490 ©3046 | -18% | 2550] -2% Total Investments $7098 $7459 | 5% | $7,280 | -3% Total Assets $16,803 $15,155 | 11% |$17,819 | 6% Liabilities:
Slide 11: Expenses
Expenses * For reconciliation of GAAP to non-GAAP expenses, refer to our first quarter 2019 earnings release.
Slide 12: Q&A
Q&A
Slide 13: Appendix
Appendix
Slide 14: Brokerage Revenue and Asset Management & Service Fees
Brokerage Revenue and Asset Management & Service Fees * Sum of Global Wealth Management Brokerage Revenue and Asset Management & Service Fees
Slide 15: Investment Banking Revenue
Investment Banking Revenue Investment bankin: ‘Three Months Ended (000s) 1019 1Q18 %Change 418 Capital raising Gobal Wealth Management revenue $8223 $7,688 7% $7,915 4% Equity Capital Markets 27859 52,707 = 47% «= 51839 © 46% Fixed Income Capital Markets 20863 18,294 14% 30390 31% FTotal capital rai