Slide 1: 4th Quarter & Full Year 2016 Financial Results Presentation
4th Quarter & Full Year2016 Financial Results Presentation January 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: 2016 Highlights
2016 Highlights Operating Highlights: Record Net Revenue of $2.6 billion Record Net Revenue in our Institutional Segment of $1 billion Record Net Revenue for Global Wealth Management Segment of $1.6 billion. Record Pre-Tax Operating Income for Global Wealth Management of $430 million $5.8 Billion in
Slide 4: 4th Quarter Results
4th Quarter Results Financial Highlights Three Months Ended Non-GAAP (000s, except per share data) 4ai6 3a16 4ai6 U.S. GAAP Net revenues $661,391 $581,286 $641,986 $661,392 Compensation ratio 63.6% 68.6% 676% 62.3% Non-compensation ratio 28.1% 29.5% 280% 24.2% Pretax operating margin 8.3% 19% 44% 13
Slide 5: Brokerage & Investment Banking Revenue
Brokerage & Investment Banking Revenue
Slide 6: Brokerage & Investment Banking Revenue
Brokerage & Investment Banking Revenue
Slide 7: Segment Results
Segment Results STIFEL
Slide 8: Global Wealth Management
Net revenue in the GWM segment was $408 mil., up 5% sequentially & 17% Y/Y Brokerage revenue declined 3% sequentially & 4% Y/Y Ex. Sterne IBC & Clearing, Brokerage revenue increased 6% Y/Y Net interest income increased 23% sequentially & 87% Y/Y 2,282 total FAs up sequentially from 2,280 $236.9 bill
Slide 9: Stifel Bank & Trust
Stifel Bank & Trust Investments $6209 $3,479] 79% | $5,377) 15% Mortgage Loans 2,161 429| 404% | 1,804 | 20% Commercial Loans 1710 1217] 41% 1,558 | 10% Securities Based Loans 1614 1,389] 16% 1,453 | 11% Total Loans, net $5,591 $3,144 | 78% | $4,957 | 13% ToansHeldfor Sale 229 790 | 20% 27 | 8% Tota
Slide 10: Institutional Group
Total net revenue of $253 mil. decreased 2% sequentially but increased 3% Y/Y Investment banking revenue of $122 mil. decreased 8% sequentially but increased 32% Y/Y Equity underwriting of $40 mil. increased 88% sequentially & 2% Y/Y Debt underwriting of $28mil. increased 9% sequentially & 19% Y/Y A
Slide 11: Balance Sheet & Net Interest Income
Balance Sheet & Net Interest Income
Slide 12: Infrastructure Build and Balance Sheet Growth
139% Growth 105% Growth Infrastructure Build Balance Sheet Growth
Slide 13: Balance Sheet & Net Interest Margin
Net Interest Income Drivers: Total assets increased to $19.1 billion. up 11% sequentially & 44% Y/Y Average interest earning assets increased to $15.6 billion. up 27% sequentially & 111% Y/Y NIM increased to 191 bps , up 10 bps sequentially but down 5 bps Y/Y. NIM at Stifel Bank of 225 bps decreased
Slide 14: GAAP & Non-GAAP Reconciliation
GAAP & Non-GAAP Reconciliation
Slide 15: GAAP to Non-GAAP Reconciliation Three months ended December 31, 2016
GAAP to Non-GAAP Reconciliation Three months ended December 31, 2016
Slide 16: Department of Labor Fiduciary Rule & Interest Rate Sensitivity Update
Department of Labor Fiduciary Rule & Interest Rate Sensitivity Update
Slide 17: Outlook for 2017
Outlook for 2017 STIFEL
Slide 18: Q&A
Q&A