Stifel Financial Corporation · NYSE:SF
Stifel Financial — Q1 2018 Earnings Presentation
15 slides from Stifel Financial's earnings presentation, Apr 30, 2018
Slide 1: 1st Quarter Financial Results Presentation
1st Quarter Financial Results Presentation April 30, 2018 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 Non-GAAP Net Revenue of $751 million, up 11% Y/Y. Record Asset Management Revenue of $196 million, up 20% Y/Y. Record Net Interest Income of $111 million, up 31% Y/Y. Advisory Revenue of $98 million, up 85% Y/Y Equity Underwriting Revenue of $53 million, up 47% Y/Y
Slide 4: Brokerage Revenue & Asset Management & Service Fees
Brokerage Revenue & Asset Management & Service Fees * Sum of Global Wealth Management Brokerage Revenue and Asset Management & Service Fees
Slide 5: Investment Banking Revenue
Investment Banking Revenue Investment banking: Three Months Eni (000s) 1018 1Q17 %Change 4Q17 % Change Capital raising Gobal Wealth Management revenue $7688 $11,854 35% $8,899 14% Equity Capital Markets 52,707 35,981 47% 57,800 -9%| Fixed Income Capital Markets 18294 26,081 30% 42,820 57%| Total cap
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: Segment Results
Segment Results STIFEL
Slide 8: Global Wealth Management
Global Wealth Management - [Global Wealth Management Revenue Esao0 - Commissions S19 41% 1% 300 - Piincipal Transactions S44 18% 4% 8200 Brokerage $163 5% 0% $100 |Asset Management & Service Fees $196 20% 5% 2 7 cz a7 ca 7 Net Interest $118 32% = 6% 207,307 dat7— tate ‘Accet Management & Sewicereee
Slide 9: Stifel Bank & Trust
Stifel Bank & Trust il. except for % | Assets: Investments $7549 $6557 | 15% | $7,461] 1% Mortgage Loans 2634 2214] 19% | 2594] 2% Commercial Loans 2554 1831 | 39% | 2438] 5% Securities Based Loans 1809 1729] 5% 1819 | -1% Consumer 25 43 | 42% 92 | -73% Total Loans, net $7,076 $5,865 | 21% | $6,948
Slide 10: Institutional Group
Institutional Group Institutional Group Net Revenue WAdvisory Fees Capital Raising m Brokerage m Other Institutional Group Pre-tax Margin & 1017 2017 3017 40171018 mmm Pretax Contribution © —®=Pretax Margin Protx rtittion(n) Institutional Revenue Y 18 Change Change ential leauity Advisory S97 89% 18
Slide 11: Balance Sheet
Balance Sheet STIFEL
Slide 12: Balance Sheet
Balance Sheet 128% Growth Infrastructure Build 139% Growth * 1Q18 Capital ratios are estimated
Slide 13: GAAP & Non-GAAP Reconciliation
GAAP & Non-GAAP Reconciliation
Slide 14: GAAP to Non-GAAP Reconciliation Three months ended March 31, 2018
GAAP to Non-GAAP Reconciliation Three months ended March 31, 2018
Slide 15: Q&A
Q&A