Stifel Financial Corporation · NYSE:SF
Stifel Financial — Q3 2007 Earnings Presentation
21 slides from Stifel Financial's earnings presentation, Nov 5, 2007
Slide 1: 3rd Quarter 2007 Earnings Conference Call
STIFEL FINANCIAL CORP. 3rd Quarter 2007 Fiscal Year Earnings Conference Call November 5, 2007
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
Slide 3: 3rd Quarter Highlights
3rd Quarter Highlights Quarterly revenue of $190.8 million, a 66% increase over the prior year third quarter. Nine month revenue of $574.0 million, a 71% increase for the nine months as compared to 2006. Quarterly Core net income of $14.3 million, or $0.80 per diluted share, a 48% over the prior yea
Slide 4: Reconciliation of GAAP to Core Earnings
Reconciliation of GAAP to Core Earnings
Slide 5: Segment Comparison
Segment Comparison Excluding Acquisitions __QuartersEnded | _——%Change | YTD | % Change Net Revermes 09/30/07 06/30/07 09/30/06 06/30/07 05/30/06 09/80/07 _ 09/30/06 Private Client 112,650 118,274 56,461 5% 100% + 316,451 167,461 8% Equity Capital Markets 47,703 7BAlO 36,692 39% 30% 178,643 105,801
Slide 6: Segment Comparison Excluding Acquisitions
Segment Comparison Excluding Acquisitions
Slide 7: Private Client Group Income Statements
Private Client Group Income Statements
Slide 8: Equity Capital Markets Income Statements
Equity Capital Markets Income Statements
Slide 9: Equity Capital Markets Revenue Composition
Equity Capital Markets Revenue Composition
Slide 10: Fixed Income Capital Markets Income Statements
Fixed Income Capital Markets Income Statements
Slide 11: Fixed Income Capital Markets Revenue Composition
Fixed Income Capital Markets Revenue Composition
Slide 12: Banking Segment Income Statements
Banking Segment Income Statements
Slide 13: Reconciliation of GAAP to Core Earnings
Reconciliation of GAAP to Core Earnings
Slide 14: GAAP to Core Earnings
GAAP to Core Earnings @ in thousands) Revenues Net Revenues Non-Interest Expenses Compensation and benefits Operating Expenses Total non-interest expenses Income/(loss) before incame taxes Provision (benefit) forincome taxes Net Income/(Loss) Earnings per Share: Basie Diluted Quarter Ended 9/30/07 N
Slide 15: Quarterly Income Statement Impact
Quarterly Income Statement Impact
Slide 16: Annual Income Statement Impact
Annual Income Statement Impact
Slide 17: Stifel Financial Balance Sheet Graphs
Stifel Financial Balance Sheet Graphs
Slide 18: Equity Roll Forward
Equity Roll Forward (8 in thousands) Beginning Equity 12/31/06 $220,265 Earnings 18,335 Subtotal 238,600 Stock Based Compensation 34,689 Ryan Beck Deferred Units 16,405 Ryan Beck 119,424 Treasury Buy Back (2,472) Ending Equity 9/30/07 $406,646
Slide 19: Capital Structure
Capital Structure (8 in thousands) Total Assets $1,518,186 Stockholders’ Equity $406,646 Debentures to: Stifel Financial Capital Trust II - LIBOR plus 1.70% (fixed at 6.38% until 9/30/10), due 9/30/35 $35,000 Stifel Financial Capital Trust III - LIBOR plus 1.85% (fixed at 6.79% until 6/6/12), due 6/
Slide 20: Other Financial Data
Other Financial Data vs vs Q2 2007 43 2006 Total Assets (000's) $ 1,518,186 $ 1,633,756 $ 1,137,545 7% 33% Stockholders Equity (000's) $ 406,646 $ 388,241 $ 210,694 5% 93% Book value Per Share $27.12 $26.04 $18.39 4% 47% Financial Advisors 956 938 499 2% 92% Full Time Employees 2421 2,720 1,690 0% 6
Slide 21: Questions and Answers
Questions and Answers