Stifel Financial Corporation (SF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Stifel Financial First Quarter 2025 Financial Results Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Joel Jeffrey, Head of Investor Relations. Please go ahead. Thanks, Operator. I'd like to welcome everyone to Stifel Financial's First Quarter 2025 Conference Call. I'm joined on the call today by our Chairman and CEO, Ron Krzyzewski, our Co-Presidents, Victor Nisi and Jim Zemlack, and our CFO, Jim Marisham. Earlier this morning, we issued an earnings release and posted a slide deck and financial supplement to our website, which can be found on the investor relations page at www.stiefel.com. I would note that some of the numbers that we state throughout our presentation are presented on a non-GAAP basis, and I would refer you to our reconciliation of GAAP to non-GAAP as disclosed in our press release. I would also remind listeners to refer to our earnings release, financial supplement, and our slide presentation for information on forward-looking statements and other non-GAAP measures. This audio cast is copyrighted material of Stiefel Financial and may not be duplicated, reproduced, or rebroadcast without the consent of Stiefel Financial Corp. We'll now turn the call over to our Chairman and CEO, Ron Krashevsky. Thanks, Joel. Good morning, and thanks to everyone for taking the time to listen to our first quarter earnings conference call. Stiefel's core operating strength was evident in generating roughly $1.3 billion in net revenue during the first quarter, despite a volatile market environment. This marks our highest first quarter revenue and third strongest quarter overall, driven by record asset management revenue in our global wealth management segment and robust advi...