Stifel Financial Corporation · NYSE:SF

Stifel Financial — Q2 2007 Earnings Presentation

23 slides from Stifel Financial's earnings presentation, Aug 10, 2007

  1. Slide 1: 2nd Quarter 2007 Earnings Conference Call

    STIFEL FINANCIAL CORP. 2nd Quarter 2007 Fiscal Year Earnings Conference Call August 10, 2007

  2. Slide 2: Forward looking statement

    Forward looking statement 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 d

  3. Slide 3: 2nd Quarter Highlights

    2nd Quarter Highlights Record quarterly revenue of $220.6 million, a 106% increase over the prior year second quarter. Our Private Client Group ("PCG"), and Equity Capital Markets ("ECM"), achieved record revenue and profits for the three-and six months ended June 30, 2007. Commission and principal

  4. Slide 4: 2nd Quarter Highlights

    2nd Quarter Highlights For the three and six months ended June 30, 2007, utilizing Core earnings, pretax margin was 15% for both periods and annualized return on average equity totaled 21% and 19% respectively. We closed on our previously announced acquisition of First Service Financial Company and

  5. Slide 5: Ryan Beck Update

    Ryan Beck Update

  6. Slide 6: Stifel Financial 2nd Quarter GAAP to Core Earnings

    Stifel Financial 2nd Quarter GAAP to Core Earnings

  7. Slide 7: Quarterly Core Graphs: Net Revenue, Net Income, Diluted EPS

    Net Revenue (¢ mittions) . . . $250 Change from Q2 2006: +105% Stifel Financial S211 Change from Q1 2007: +35% $200 $157 Quarterly Core Graphs oa BED suo $103 $110 $100 @2006 2007 a so Qu Qe 93 Qa Net Income (s mittions) Diluted EPS 20 z Change from Q2 2006: +169% gi.o9 Change from Q2 2006: +118% Ch

  8. Slide 8: YTD GAAP to Core Earnings

    YTD GAAP to Core Earnings Acquis (S in thonsands) GAAI Related Core Busin % Net Rev Revenues Net Revenues $367,896 ($313) $368,209 100% Non-Interest Expenses Compensation and benefits $274,611 $33,286 $241,325 65% Operating Expenses $75,804 $3,403 $72,401 20% Total non-interest expenses $350,415 $36

  9. Slide 9: Stifel Financial YTD Core Graphs

    Stifel Financial YTD Core Graphs

  10. Slide 10: Second Quarter Segment Comparison Excludes Acquisitions

    Second Quarter Segment Comparison Excludes Acquisitions

  11. Slide 11: Private Client Group Quarterly Income Statements

    Private Client Group Quarterly Income Statements

  12. Slide 12: Equity Capital Markets Quarterly Income Statements

    Equity Capital Markets Quarterly Income Statements

  13. Slide 13: Investment Banking Capital Raising Advisory Fees

    Investment Banking Capital Raising Advisory Fees

  14. Slide 14: Investment Banking and Capital Raising Advisory Fees

    2006 ©2007 Investment Banking $80,000 $63,931 $60,000 $43,066 $40,000 $19,672 $20,000 $0 1st Qtr 2nd Gtr 3rd Qtr 4th Qtr Capital Raising Advisory Fees $34,089 $40,000 $40,000 $29,842 $30,000 $30,000 $21,794 $20,000 $20,000 $15,803 $10,485 $10,000 $10,000 ‘Ist Qtr 2nd Qtr = 3rd Qtr 4th Qtr ‘Ist Qtr 2

  15. Slide 15: Fixed Income Capital Markets Quarterly Income Statements

    Fixed Income Capital Markets Quarterly Income Statements

  16. Slide 16: Fixed Income Capital Markets Quarterly Income Statements

    Fixed Income Capital Markets Quarterly Income Statements

  17. Slide 17: Other Segment Analysis

    Other Segment Analysis 3 Months Ended 6 Months Ended Net Revenues 6/302007 6/30/2006 _ 6/30/2007 6/30/2006 Other 2,978 1,930 7,267 10,139 Total net revenues $ 2,665 $ 1,778 $ 6,954 $ 9,987 Operating Contribution Other (14,199) (8,198) (25,477) 1,278) Total Operating Contribution $ (43,901) $ (16,677

  18. Slide 18: Quarterly Income Statement Impact

    Quarterly Income Statement Impact

  19. Slide 19: Annual Income Statement Impact

    Annual Income Statement Impact

  20. Slide 20: Stifel Financial Balance Sheet Graphs

    Stifel Financial Balance Sheet Graphs

  21. Slide 21: Equity Roll Forward

    Equity Roll Forward (3 in thousands) Beginning Equity 12/31/06 $220,265 Earnings 10,277 Subtotal 230,542 Stock Based Compensation 22,811 Ryan Beck Deferred Units 16,405 Ryan Beck 119,424 Treasury Buy Back (941) Ending Equity 6/30/07 $388,241 P/ a Page 21

  22. Slide 22: Other Financial Data

    Other Financial Data vs vs Q1 2007 Q2 2006 Total Assets (000's) $ 1,633,756 $§ 1,427,407 $ 1,060,953 14% 54% Stockholders Equity (000's) $ 388,241 $ 342641 $ 205,440 13% 89% Book value Per Share $26.04 $23.16 $17.57 12% 48% Financial Advisors 956 951 485 1% 97% Full Time Employees 2,722 1,837 1,662

  23. Slide 23: Questions and Answers

    Questions and Answers

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