Slide 1: 3rd Quarter 2013 Financial Results Presentation
Exhibit 99.2 3rd Quarter7,2013 November 2013Financial Results Presentation
Slide 2: Forward-Looking Statements Disclaimer
Forward Disclaimer This statements These particular, costs You the Actual quarterly actions Use The compensation and results Company’s 1with future, six Company of should presentation GAAP. and statements and Non results of months Looking reports benefits, competitors, these unless relating business
Slide 3: Market Overview: Risk Premium, Domestic Equity Flows
MarketRisk Domestic Equity Overview Equity Premium Flows
Slide 4: Chairman's Comments
Chairman’s “Despite operations 3We have had the isComments fact up a very 18%, thatencouraging the both industry reflecting start reflected the to our strength muted 4th quarter. of client our balanced We activity remain during business focused the model. summer on serving months, our clients we are
Slide 5: Financial Results
Financial Results
Slide 6: Stifel Financial Corp. Results, Three Months Ended September 30, 2013
Stifel Three ($ Interest Total Provision Discontinued Net Income/(loss) Earnings Weighted Diluted Ratios Compensation Non-comp Income (1) 5GAAP) inNon-core revenues income thousands, revenues non-interest Financial months Months tofrom expense 75,191 results per net average for operating $from reven
Slide 7: Unusual Merger-Related Items
Unusual Merger-Related Three 6/30/13 ($ Operating Compensation Non?Compensation Total Income Provision Loss Net Earnings (1) 6(2)inIncluded Revenues income thousands) from estimated Months from 9/30/13 Items per for expenses: discontinued $from in diluted continuing income 30,041 $Ended -the and com
Slide 8: Discontinued Operations
Discontinued Three ($ Net Non-interest Restructuring Operating Total Income Provision 7Income/(loss) inrevenues thousands) non-interest Months from for expenses expenses: discontinued $income Operations expenses from Ended 4,696 9/30/13 expenses discontinued 4,418 Nine taxes $ 5,923 5,516 9/30/12 5,
Slide 9: Stifel Financial Corp. Results, Nine Months Ended September 30, 2013
Stifel Nine ($ Interest Total Provision Discontinued Net Loss Earnings Weighted Diluted Ratios Compensation Non-comp Income (1) revenues 8GAAP) inNon-core revenues income thousands, from months Months revenues non-interest Financial tofrom expense 72,851 results and per net average for discontinued
Slide 10: Sources of Net Revenues
Source Three % ($ Commissions Principal Brokerage Capital Advisory Investment Asset Other Total Interest 9Net %revenues in thousands) %operating revenues mgt 13,063 Months of raising revenue expense transactions 39,186 Revenues and revenues banking $31,094 $Ended service 490,174 53,665 478,639 reven
Slide 11: Brokerage Revenues by Segment
Brokerage Three % ($ Private Equity Fixed Institutional Total 10 % thousands) in % Brokerage income Months brokerage client Revenues brokerage group brokerage Ended 9/30/13 Revenues 58,677 $by Nine 158,085 110,335 Segment 51,658 9/30/12 34,994 $Months 268,420 $80,566 45,572 147,417 67.7% Change Ende
Slide 12: Core Results, Three Months
Core Three ($ (1)(1) Net Compensation Transitional Occupancy Communication Commissions Other Total Income Provision Non-GAAP Non-core GAAP (1) (2) 11 inTransition Excludes revenues thousands) Non-Interest compensation non-comp non-interest operating months Months net from expenses for income and net
Slide 13: Core Results, Nine Months
Core Nine ($ (1)(1) Net Compensation Transitional Occupancy Communication Commissions Other Total Provision Non-GAAP Non-core GAAP (1) in Income (2) 12 connection inTransition Excludes revenues thousands) Non-Interest months Months compensation non-comp non-interest operating net from business, expe
Slide 14: Segment Comparison
Segment Three % ($ (1)(1) Net Operating Global Institutional $Other (1) 13479,634 65,443 %Core inrevenues: thousands) %(41,671) (167) Months Wealth (non-GAAP) Comparison $contribution: $61,174 (1,318)(87.3%) 414,157 Group Ended Management (40,047) 9/30/13 7.0% 205,132 34,986 15.8% Nine -Core results
Slide 15: Global Wealth Management
Global Three ($ Commissions Principal Asset Investment Other Net Total Ratios Compensation Non-comp Income 14 inrevenues interest thousands) non-interest management income Months to Wealth before net transactions operating banking 27,665 revenues 274,669 $2,858 Ended Management and income 99,427 9/3
Slide 16: Retail Branches and Financial Advisors
Retail 2005 Current 316 92 644 2,075 Branches Branches Financial Branches Financial Brokerage Branches Advisors Advisors Branches
Slide 17: Stifel Bank & Trust
Stifel (an As 9/30/13 Assets Investment Retained Loans Deposits Allowance Other Non-performing total 16` of operating assets As Bank non-performing held $9/30/12% 4,547,071 4,228,405 of loans, for as 0.32 securities &unit aTrust loan sale percentage net % loans assets of Change 0.07 $75,440 1,061,31
Slide 18: Institutional Group
Institutional Three ($ Net Total Ratios Compensation Non Income 17 inrevenues -comp thousands) non-interest Months tobefore netoperating Group revenues: $Ended and income 205,132 9/30/13 expenses benefits Nine expenses taxes $9/30/12 164,611 Months 119,874 58.4% 170,146 $ 34,986 17.1% 50,272 24.5% %
Slide 19: Institutional Group Revenue Detail
Three ($ Institutional 110,335 Capital Equity Fixed 44,270 Advisory Investment Other Total (1) 18 inIncludes thousands) net (1) income Months $31,247 30,739 raising 80,566 58,677 revenue 11,341 fees Banking: banking net Group brokerage: 51,658 13,531 39,186 Ended 16,357 41.7% 36.9% interest $9/30/13
Slide 20: Financial Condition
Financial Condition
Slide 21: Capital Structure
Capital As (in ($ Stockholders’ 6.70% 5.375% Non-recourse Debentures Total Debt Ratios: Leverage Equity (1) (2) 20 in thousands, of Debt Leverage thousands) to Assets Capitalization September senior Capitalization Structure Equity senior toRatio equity to$ratio notes, debt, Equity Stifel 8,709,459 e
Slide 22: Other Financial Data and Leverage
Other As 9/30/13 Leverage Stifel Financial Full-time Locations Total (1) (2) 21 of Includes assets shareholders’ leverage client As Nicolaus Bank Financial 9/30/12% of ratio: advisors associates 355 assets 4,547,071 293,331 15.5 $(000s): 145, money-market 8,709,459 ratio 338 &Data 12.9 154 Stifel (0
Slide 23: Recent Merger Updates
Recent Merger Updates
Slide 24: Recent Merger Updates
Recent We YTD deals Knight Sales Investment Miller Transaction Won M&A (1) 23 Includes announced assignments and advisory Statistics Buckfire Merger Fixed equity trading grade, has transactions Income success: KBW Updates Source: transaction already trading integration on high atransaction transacti
Slide 25: Recent Merger Updates, Ziegler Lotsoff Capital Management
Recent significant Previously Expect Announced ZLCM combined Expected 24 Merger management to closing entities announced acquisition addUpdates $10 11/30/2013 will synergies team million acquisition exceed of brings Ziegler in to$9 connection core additional billion. Lotsoff ofearnings Acacia Capita
Slide 26: Outlook
Outlook
Slide 27: Q&A
Q&A