Slide 1: 2nd Quarter 2013 Financial Results Presentation
Exhibit 99.2 2 nd Quarter 2013 Financial Results Presentation August 8, 2013
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation may contain “forward-lookingstatements”within the meaningof the PrivateSecuritiesLitigationReformAct of 1995that involve significantrisks, assumptions,and uncertainties,including statementsrelating to the market opportunity and future businessp
Slide 3: Chairman's Comments
Chairman’s Comments “We are pleasedto announcerecord revenuesfor the secondquarter and for the first sixmonthsof 2013in both the GlobalWealthManagementandthe Institutional Group,especiallyagainstthe challengingmarket conditionsin the quarter. We are very encouragedwith our investment banking results
Slide 4: KBW Update
KBW Update First Half Performance Advisory KBW Equities #1 by number of FIG mergers Superior recognition in Greenwich Associates #1 by number of Bank mergers rankings for Research, Sales and Trading #1 by Bank deal value Representative of the acquirer or seller on 7 out of the 10 Improving equity tr
Slide 5: Financial Results
Financial Results
Slide 6: Stifel Financial Corp. Results
Stifel Financial Corp. Results Three months ended June 30, 2013 Three Months Ended June 30, 2013 Three Months Ended (1) ($ in thousands, except per share amounts) GAAP Non-Core Non-GAAP 6/30/12 % Change 3/31/13 % Change Total revenues $ 511,421 $ 1,736 $ 513,157 $ 384,264 33.5% $ 453,240 13.2% Inter
Slide 7: Non-Core Expense Projections
Non-Core Expense Projections Acquisition-Related Expenses Three Months Ended ($ in thousands) 6/30/13 9/30/13 12/31/13 Estimate Actual Estimate Estimate Operating expenses: Compensation $ 6,200 $ 6,000 $ 2,500 $ 400 Non-Compensation Operating Expenses 6,800 15,000 5,000 7,100 Total estimated non-cor
Slide 8: Stifel Financial Corp. Results
Stifel Financial Corp. Results Six months ended June 30, 2013 Six Months Ended June 30, 2013 Six Months Ended ($ in thousands, except per share amounts) GAAP Non-Core Non-GAAP 6/30/12 % Change (1) Total revenues $ 964,661 $ 1,744 $ 966,405 $ 793,607 21.8% Interest expense 24,145 - 24,145 18,867 28.0
Slide 9: Source of Revenues
Source of Revenues Three Months Ended Six Months Ended % % % ($ in thousands) 6/30/13 6/30/12 Change 3/31/13 Change 6/30/13 6/30/12 Change Commissions $ 157,168 $ 127,427 23.3% $ 148,648 5.7% $ 305,816 $ 250,730 22.0% Principal transactions 111,448 91,564 21.7% 107,244 3.9% 218,692 207,797 5.2% Brok
Slide 10: Brokerage Revenues by Segment
Brokerage Revenues by Segment Three Months Ended Six Months Ended % % % ($ in thousands) 6/30/13 6/30/12 Change 3/31/13 Change 6/30/13 6/30/12 Change Private client group $ 160,889 $ 143,475 12.1% $ 158,392 1.6% $ 319,282 $ 292,876 9.0% Equity brokerage 66,788 38,466 73.6% 52,000 28.4% 118,788 82,63
Slide 11: Core Non-Interest Expenses
Core Non-Interest Expenses Three months ended June 30, 2013 Three Months Ended % of Net revenues (1) (1) ($ in thousands) 6/30/13 6/30/12 % Change 3/31/13 % Change 6/30/13 6/30/12 3/31/13 Net revenues $ 500,472 $ 374,407 33.7% $ 441,788 13.3% 100.0% 100.0% 100.0% Compensation and benefits 294,446 21
Slide 12: Core Non-Interest Expenses
Core Non-Interest Expenses Six months ended June 30, 2013 Six Months Ended % of Net revenues (1) (1) ($ in thousands) 6/30/13 6/30/12 % Change 6/30/13 6/30/12 Net revenues $ 942,260 $ 774,740 21.6% 100.0% 100.0% Compensation and benefits 555,424 455,336 22.0% 58.9% 58.8% (2) Transitional pay 41,830
Slide 13: Segment Comparison Core
Segment Comparison Core - Three Months Ended Six Months Ended % % % (1) (1) ($ in thousands) 6/30/13 6/30/12 Change 3/31/13 Change 6/30/13 6/30/12 Change Net revenues: Global Wealth Management$ 282,717 $ 239,300 18.1% $ 266,957 5.9% $ 549,674 $ 486,908 12.9% Institutional Group 220,476 136,026 62.1%
Slide 14: Global Wealth Management
Global Wealth Management Three Months Ended Six Months Ended ($ in thousands) 6/30/13 6/30/12 % Change 3/31/13 % Change 6/30/13 6/30/12 % Change Commissions $ 104,576 $ 88,417 18.3% $ 102,086 2.4% $ 206,662 $ 179,437 15.2% Principal transactions 56,313 55,058 2.3% 56,307 0.0% 112,620 113,439 (0.7%)
Slide 15: Stifel Bank & Trust
Stifel Bank & Trust (an operating unit of GWM) As of As of 6/30/13 6/30/12 % Change 3/31/13 % Change Assets $ 4,306,447 $ 3,052,867 41.1 $ 3,872,677 11.2 Investment securities 2,956,073 1,844,875 60.2 2,440,146 21.1 Retained loans, net 983,788 709,079 38.7 886,597 11.0 Loans held for sale 152,246 11
Slide 16: Institutional Group Revenues
Institutional Group Revenues Three Months Ended Six Months Ended ($ in thousands) 6/30/13 6/30/12 % Change 3/31/13 % Change 6/30/13 6/30/12 % Change Institutional brokerage: Equity $ 66,788 $ 38,466 73.6% $ 52,000 28.4% $ 118,788 $ 82,638 43.7% Fixed income 40,939 37,050 10.5% 45,500 (9.9%) 86,439 8
Slide 17: Institutional Group Revenues
Institutional Group Revenues Three Months Ended Six Months Ended ($ in thousands) 6/30/13 6/30/12 % Change 3/31/13 % Change 6/30/13 6/30/12 % Change Institutional brokerage: Equity $ 66,788 $ 38,466 73.6% $ 52,000 28.4% $ 118,788 $ 82,638 43.7% Fixed income 40,939 37,050 10.5% 45,500 (9.9%) 86,439 8
Slide 18: Financial Condition
Financial Condition 17
Slide 19: Capital Structure
Capital Structure As of June 30, 2013 (in thousands, except ratios) ($ in thousands) Total Assets $ 8,493,191 Stockholders' Equity $ 1,897,990 6.70% senior notes, due 2022 $ 175,000 5.375% senior notes, due 2022 150,000 Non-recourse debt, 6.75%, due 2016 53,024 Debentures to Stifel Financial Capital
Slide 20: Other Financial Data
Other Financial Data As of As of 6/30/13 6/30/12 % Change 3/31/13 % Change Total assets (000s): Stifel Nicolaus & Stifel Financial $ 4,186,744 $ 3,085,668 35.7% $ 4,261,078 (1.7%) Stifel Bank 4,306,447 3,052,867 41.1% 3,872,677 11.2% Total assets $ 8,493,191 $ 6,138,535 38.4% $ 8,133,755 4.4% Total
Slide 21: Q&A
Q&A