Stifel Financial Corporation · NYSE:SF

Stifel Financial — Q2 2008 Earnings Presentation

21 slides from Stifel Financial's earnings presentation, Aug 12, 2008

  1. Slide 1: Stifel Financial Corp. 2nd Quarter 2008 Earnings Conference Call

    Stifel Financial Corp. 2nd Quarter 2008 Fiscal Year Earnings Conference Call August 12, 2008

  2. Slide 2: Forward Statements

    Forward Statements This presentation may contain "forward-looking statements" that involve risks and uncertainties, including statements relating to the market opportunity and future business prospects of Stifel Financial Corp. and Stifel Nicolaus ("SF" or the "Company"). Actual results may differ m

  3. Slide 3: Quarter Business Highlights

    Quarter Business Highlights Net revenues of $209.0 million, down slightly from the prior year second quarter and the first quarter of 2008. GAAP net income of $12.3 million, or $0.45 per diluted share, a 752% increase over the prior year second quarter and a 14% decrease from the first quarter 2008.

  4. Slide 4: YTD Business Highlights

    YTD Business Highlights Net revenues of $420.4 million, a 14% increase for the six months as compared to 2007. GAAP net income of $26.7 million, or $0.99 per diluted share, a 160% increase for the six months as compared to 2007. Book value per common share increased to $19.75 as of June 30, 2008, a

  5. Slide 5: Recent Growth

    Recent Growth Business Units Private Client Group New Financial Advisors ...........0......00.00. New Offices Opened................. 0000000 Equity Capital Markets Equity Sales & Trading Professionals............. Investment Banking Professionals................ Fixed Income Capital Markets Fixed I

  6. Slide 6: Stifel Income Statement-Core

    Stifel Income Statement-Core

  7. Slide 7: Source of Revenues

    Source of Revenues (8 in thousands) Revenues Commissions Principal transactions Investment banking Asset tmnagement and service fees Other Total operating reverues Interest reverme Total revermes Less: Interest expense Net revermes ‘Three Months Ended Percent Change Fr Six Months Ended other ot Net

  8. Slide 8: Stifel Income Statements Segment Comparison-Excluding Acquisitions

    Stifel Income Statements Segment Comparison-Excluding Acquisitions

  9. Slide 9: Private Client Group Income Statement

    Private Client Group Income Statement

  10. Slide 10: Equity Capital Markets Income Statement

    Equity Capital Markets Income Statement

  11. Slide 11: Fixed Income Capital Markets Income Statement

    Fixed Income Capital Markets Income Statement

  12. Slide 12: Stifel Bank Segment Income Statement

    Stifel Bank Segment Income Statement

  13. Slide 13: Other Segment Analysis

    Other Segment Analysis ($ in thousands) ‘Net Revenues Acquisition Related Other Other Total Net Revenues Operating Contribution Acquisition Related Other Other Total Operating Contribution Quarters Ended % Change “S @5,498) 3 (23,829) $ 3,901) 70% ALM $ 49,327) $ 6/3008 3/31/08 /30/07__—3/3108 6/30/

  14. Slide 14: Reconciliation of GAAP to Core Earnings

    Reconciliation of GAAP to Core Earnings

  15. Slide 15: GAAP to Core Earnings

    GAAP to Core Earnings Quarters Ended % Change yID % Change (8 in thousands) G98 3/31/08 6/3007 3/31/08 6/30/07 | 6/30/08 6/30/07 Core Net Income $ 16319 $ 18318 $ 18,851 11% 13%] $ 34,637 $ 32,031 mM Acquisiton Related Expenses-net of tax IM Capital Markets Acquisition @905) G77) G48) 3% 20%] 681) ,

  16. Slide 16: Estimated/Actual Quarterly Impact of Acquisition charges on Income statement

    Estimated/Actual Quarterly Impact of Acquisition charges on Income statement

  17. Slide 17: Balance Sheet Graphs

    Stifel Financial Balance Sheet Graphs Total Capitalization ($ millions) Defined as stockholder’ s equity plus the trust preferred securities. $1,800 $1,500 $1,200 $900 $600 $300 80 5 Total Assets ($ millions) sis 8 2002 «2003-2004 2005-2006 «= 2007 2008 Book Value Per Share $19.75 $18.34 2002 «23204

  18. Slide 18: Level Assets

    Level 3 Assets Significant Unobservable Inputs Assets (in $000s) (Level 3) Trading Securities State and Municipal Bonds $8,255 Corporate Stocks 7,851 Total Trading Stocks 16,106 Available for Sale Securities State and political subdivisions 11,020 Investments 17,038 Total assets measured at fair val

  19. Slide 19: Capital Structure

    Capital Structure (8 in thousands) Total Assets $1,685,837 Stockholders’ Equity $465,071 Debentures to: Stifel Financial Capital Trust Il - LIBOR plus 1.70% (fixed at 6.38% until 9/30/10), duc 9/30/35 $35,000 Stifel Financial Capital Trust I - LIBOR plus 1.85% (fixed at 6.79% until 6/6/12), due 6/6/

  20. Slide 20: Other Financial Data

    Other Financial Data Bank Assets SN & SF Assets Total Assets (000's) Stockholders Equity (00's) Book vahe Per Share Financial Advisors Full Time Employees Locations $301,511 $287,993 $201,412 $1,384,326 $1,325,222 $1,432,344 $1,685,837 $1,613,215 $1,633,756 $465,071 $437,039 $388,241 $19.75 $18.72 $

  21. Slide 21: Questions and Answers

    Questions and Answers

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