Stifel Financial Corporation · NYSE:SF
Stifel Financial — Q2 2019 Earnings Presentation
14 slides from Stifel Financial's earnings presentation, Jul 30, 2019
Slide 1: 2nd Quarter Financial Results Presentation
2nd Quarter Financial Results Presentation July 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 & Second Quarter Results
Highlights & Second Quarter Results Net Revenue of $801 million, up 8% Y/Y. Record Global Wealth Management Net Revenue of $532 million, up 7% Y/Y. Institutional Group Net Revenue of $271 million, up 7% Y/Y Record Client Assets of $305 billion, up 10% Y/Y Record Fee-Based Assets of $104 billion, up
Slide 4: Investment Banking Revenue
Investment Banking Revenue * Excludes Other Segment revenue
Slide 5: 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 6: 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 7: Segments, Balance Sheet, & Expenses
Segments, Balance Sheet, & Expenses
Slide 8: Global Wealth Management
Global Wealth Management oom [Global Wealth Management Revenue E400 Commissions $120 2% 9% $230 3% 25300 Principal Transactions M2 2% 3% 6| $85 1% Bso00 Brokerage S62 2% em | sie 2% zoo sera SS a) oe ee lism. Gy - Net interest S138 10% sw | 8263 16% nol) aia sore td 2a maa es wie, «oot (| Sel doe wm
Slide 9: Institutional Group
Institutional Group Institutional Group Net Re venue WY Sequential YTD $350 alone 2@19 Change Change 2019 Change Zs: Institutional Revenue g S250 Advisory $83 5% -21% =| $188 2% § 5200 € sis0 ae Underariting 59-34% «= 112% «| S87 10% 3 sso Brokerage sit 10% 5% | S00 18% 50 Hrotal Equity $101 12% 51%
Slide 10: Balance Sheet
Balance Sheet * 2Q19 Capital ratios are estimated
Slide 11: Stifel Bancorp, Inc
Stifel Bancorp, Inc Mortgage Backed Securities 1433 1690 | -15% | 1483 | -3% Corporates, 797 1269 | -37% 947 | 16% Other 43 73 | 41% 64 | 33% Total Other Securities 2273 -3032| -25% | 2494] -9% Total Investments $6660 $7,989 | 17% | $7,102 | -6% Total Assets $16,646 $15,860 | 5% |$16,823 | -1% Liabi
Slide 12: Expenses
Expenses * For reconciliation of GAAP to non-GAAP expenses, refer to our second quarter 2019 earnings release.
Slide 13: Outlook
Outlook STIFEL
Slide 14: Q&A
Q&A