Stifel Financial Corporation · NYSE:SF
Stifel Financial — Q2 2026 Earnings Presentation
11 slides from Stifel Financial's earnings presentation, Jul 22, 2026
Slide 1: Second Quarter 2026 Financial Results Presentation
Second Quarter 2026 Financial Results Presentation July 22, 2026 Quarterly Earnings Report
Slide 2: Second Quarter Snapshot
Second Quarter Snapshot 2Q26 RESULTS millions, except per share and ratios NET REVENUE NET EARNINGS EPS 2Q26: GAAP $1,451 & NON-GAAP $1,453 2Q26: GAAP $217 & NON-GAAP $229 2Q26: GAAP $1.34 & NON-GAAP $1.42 YTD: GAAP $2,929 & NON-GAAP $2,895 YTD: GAAP $459 & NON-GAAP $467 YTD: GAAP $2.83 & NON-GAAP $
Slide 3: Providing an Elevated Level of Service & Improving Efficiencies
Providing an Elevated Level of Service & Improving Efficiencies A PREMIER LEVEL of SUPPORT ■ Ranked #1 by JD Power for Employee Advisor Satisfaction ■ Ranked #1 in Leadership & Culture, Operational Support, & Products & Marketing ■ Underscores Firm-Wide Focus on Advisor Support AI PROVIDING IMPROVED
Slide 4: Variance to Consensus Estimates
Variance to Consensus Estimates Second Quarter Results Variance to Consensus Estimates COMMENTARY ON VARIANCE TO ANALYST (in Millions, except diluted EPS and share data) 2Q26 2Q26 Mean %∆ 2Q26 vs. 2Q25 ESTIMATES Revenues Operating* Analyst Results Commissions + Principal transactions $362 $370 (2%)
Slide 5: Global Wealth Management
Global Wealth Management GLOBAL WEALTH MANAGEMENT REVENUE HIGHLIGHTS Sequential Record Quarterly Net Revenue millions 2Q26 Y/Y Change 2026 YTD VS 2025 YTD Change ■ Transactional $207 14% 2% $410 11% Asset Management 457 13% -1% 916 13% ■ Record Quarterly Transactional Revenue Net Interest 275 8% 4%
Slide 6: Institutional Group
Institutional Group INSTITUTIONAL GROUP REVENUE HIGHLIGHTS Sequential millions 2Q26 Y/Y Change 2026 YTD 2025 YTD Change Advisory $157 24% -28% $376 42% ■ Institutional Revenue up 21% YTD vs. 2025 Capital Raising $166 66% 42% $283 45% Equity $102 121% 52% $170 78% ■ YTD Pre-tax Margin up 850 bps Fixe
Slide 7: Expenses
Expenses Non-GAAP EXPENSE RATIOS NON-GAAP EXPENSES & PRE-TAX INCOME 62% 30% 61% Non-compensation Ratio millions 2Q26 2Q25 Y/Y Change 25% Compensation Ratio 60% 20% Compensation $828 $745 11% 59% Non-compensation Expense, 58% 15% $284 $261 9% 58.0% 58.0% Ex. IB Gross Up & Credit Loss 57% 58.0% 57.5%
Slide 8: Capital Utilization
Capital Utilization FIRM-WIDE ASSETS & CAPITAL RATIOS HIGHLIGHTS $44,908 $45,000 22.0% $39,860 $41,687 $41,271 $42,893 ■ Repurchased 2.4 million Shares in Open 20.0% $40,000 18.0% Market 18.7% $35,000 17.5% 17.6% 18.3% 17.3% 16.0% ■ 7.8 million Shares in Total Authorization millions $30,000 14.0% ■
Slide 9: Concluding Remarks
Concluding Remarks Quarterly Earnings Report
Slide 10: Second Quarter 2026 Financial Results Presentation
Second Quarter 2026 Financial Results Presentation July 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