Stifel Financial Corporation · NYSE:SF
Stifel Financial — Q4 2018 Earnings Presentation
18 slides from Stifel Financial's earnings presentation, Feb 1, 2019
Slide 1: 4th Quarter & Full Year 2018 Financial Results Presentation
4th Quarter & Full Year 2018 Financial Results Presentation February 1, 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 & Full Year Results
Highlights & Full Year Results 23rd Consecutive Year of Record Net Revenue of $3.025 billion, up 3% Record GAAP EPS of $4.73, up 121% Record Non-GAAP EPS of $5.28, up 32% Record Asset Management & Services Fees of $806 million, up 15% Record Net Interest Income of $476 million, up 24% Non-GAAP Comp.
Slide 4: Highlights & Fourth Quarter Results
Highlights & Fourth Quarter Results Non-GAAP Net Revenue of $794 million, up 7% Q/Q. Record Asset Management & Services Fees of $210 million, up 13% Y/Y. Record Net Interest Income of $127 million, up 19% Y/Y. Second Strongest Investment Banking Quarter at $201 million Record Non-GAAP Net Income Ava
Slide 5: Segment Results
Segment Results STIFEL
Slide 6: Global Wealth Management
GWAINetRevenue YY Sequential $500 Change Change $400 [Global Wealth Management Revenue e. na = ay om lean se i. Pindpal Transactions $40 11% 2% $166 11% gs200 ee cr xy cia lise Ga Sss00 fepieaieereee So ie te lis) Go ' fees sa ep fax) [isms 2 on soe sae. aon eazy re a smtecasens “Gus ane i ae om | s
Slide 7: Institutional Group
Institutional Group W 4013 chang Institutional Group Net Revenue = Institutional Revenue Z s200 | eee Eo | sesisory sie 9% 4am | sass a Foal Underrting ss2 10% 20% | sate 7% ae — ome | sia om 25 Eouity apt MarketsNet Revenue se 8%) 14% | S759 4% asso aecrtnons a seisory 34 20% 25% | sts 10% 4017 1a
Slide 8: Revenue & Expenses
Revenue & Expenses STIFEL
Slide 9: 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 10: Investment Banking Revenue
Investment Banking Revenue Investment banking Three Months Ended 5) AQ18 —-4Q17 —% Change —3Q18 —% Change] 2018 2017 % Change Capital rising tal Wealth Management revenue $7915 $8899 11% $7,722 3%]| $31293 $40468 = 23%) Equity Capital Markets 51839 57800 10% += 65.000 -20%|/ 213.633 = 182728 «= 17%
Slide 11: 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 12: Stifel Bancorp, Inc
Stifel Bancorp, Inc MortgageLoans 2875 ©2594] 11% | 2792] 3% Commercial Loans 3304 © 2438 | 36% | 3.127] 6% Seourities Based Loans 1787 = 1819 | 2% 1836 | 3% Commercial Real Eitate 319 116 | 175% 329] 3% LoansHeld for Sale 2 226 | 9 262 | 21% Total Loans, net $8723 $7174 | 22% | $8516 | 2% Asset Bac
Slide 13: Expenses
Expenses * For reconciliation of GAAP to non-GAAP expenses, refer to our fourth quarter 2018 earnings release.
Slide 14: Balance Sheet
Balance Sheet STIFEL
Slide 15: Balance Sheet
Balance Sheet 27% CAGR Growth Infrastructure Build 42% CAGR Growth * 4Q18 Capital ratios are estimated
Slide 16: Substantial Performance Improvement During 2018
Substantial Performance Improvement During 2018
Slide 17: Fourth Quarter & 2018 Results, 2019 Outlook
Fourth Quarter & 2018 Results 2019 Outlook * All dollar amounts and ratios are non-GAAP * * Non-Compensation ranges exclude loan loss provision expense and investment banking gross ups.
Slide 18: Q&A
Q&A