Stifel Financial Corporation · NYSE:SF
Stifel Financial — Q1 2026 Earnings Presentation
11 slides from Stifel Financial's earnings presentation, Apr 22, 2026
Slide 1: First Quarter 2026 Financial Results Presentation
First Quarter 2026 Financial Results Presentation April 22, 2026 Quarterly Earnings Report
Slide 2: First Quarter Snapshot
First Quarter Snapshot 1Q26 RESULTS millions, except per share and ratios NET REVENUE NET EARNINGS EPS 1Q26: GAAP $1,478 & NON-GAAP $1,442 1Q26: GAAP $242 & NON-GAAP $237 1Q26: GAAP $1.48 & NON-GAAP $1.45 ANNUALIZED ROCE ANNUALIZED ROTCE* BOOK VALUE PER SHARE 1Q26:GAAP 18.3% & NON-GAAP 17.9% 1Q26:GA
Slide 3: Strategic Objectives & Market Landscape
Strategic Objectives & Market Landscape Artificial Intelligence Private Credit Software Loans Legislation & Market Structure Quarterly Earnings Report 2
Slide 4: Variance to Consensus Estimates
Variance to Consensus Estimates First Quarter Results Variance to Consensus Estimates COMMENTRY ON VARIANCE TO ANALYST (in Millions, except diluted EPS and share data) 1Q26 1Q26 Mean %∆ 1Q26 vs. 1Q25 ESTIMATES Revenues Operating* Analyst Results Commissions + Principal transactions $358 $363 (1%) 7%
Slide 5: Global Wealth Management
Global Wealth Management GLOBAL WEALTH MANAGEMENT REVENUE HIGHLIGHTS Sequential millions 1Q26 Y/Y Change Change ■ Record First Quarter Net Revenue Transactional $203 9% -2% ■ Record Asset Management Revenue Asset Management 459 12% 1% Net Interest 264 8% 1% ■ Record First Quarter Transactional Reven
Slide 6: Institutional Group
Institutional Group INSTITUTIONAL GROUP REVENUE HIGHLIGHTS millions 1Q26 Y/Y Change ■ Institutional Revenue up 29% Year-on-Year Advisory $218 59% Capital Raising $117 24% ■ Positive Pre-Tax Margins from International Business Equity $67 37% Fixed Income $50 9% ■ Record First Quarter Investment Banki
Slide 7: Non-compensation Ratio
Expenses NON-GAAP EXPENSES & PRE-TAX INCOME Non-GAAP EXPENSE RATIOS 65% 40% millions 1Q26 1Q25 Y/Y Change 35% Non-compensation Ratio 63% Compensation Ratio 30% Compensation $829 $728 14% 61% 25% Non-compensation Expense, 59% 20% $277 $431 -36% Ex. IB Gross Up & Credit Loss 15% 57% 58.0% 58.0% 58.0%
Slide 8: Capital Utilization
Capital Utilization FIRM-WIDE ASSETS & CAPITAL RATIOS HIGHLIGHTS $45,000 22.0% $41,687 $41,271 $42,893 ■ Repurchased 1.25 million Shares in Open Market $40,384 $39,860 20.0% $40,000 ■ Net Settled 1.5 million Shares tied to Equity-based 18.0% $35,000 17.5% 18.3% 18.7% Compensation 17.6% 17.6% 16.0% m
Slide 9: Concluding Remarks
Concluding Remarks Quarterly Earnings Report
Slide 10: First Quarter 2026 Financial Results Presentation
First Quarter 2026 Financial Results Presentation April 22, 2026 Quarterly Earnings Report
Slide 11: 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