NYSE$SF

Stifel Financial Corporation · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Stifel reported record net revenues and the second highest earnings per share, driven by strong performance in Global Wealth Management and Institutional Group segments.

Stifel Financial Corp. reported a strong first quarter with record net revenues of $1.1 billion, a 24.3% increase year-over-year. Net income available to common shareholders was $164.7 million, or $1.40 per diluted common share, while non-GAAP net income was $176.4 million, or $1.50 per diluted common share. The company's performance was driven by record revenue in both Global Wealth Management and Institutional Group segments.

  • Record net revenues of $1.1 billion, increased 24.3% with the year-ago quarter.
  • Record net revenues in Global Wealth Management and Institutional Group segments.
  • Net income available to common shareholders of $164.7 million, or $1.40 per diluted common share.
  • Non-GAAP net income available to common shareholders of $176.4 million, or $1.50 per diluted common share.

Headline financials

Total Revenue

$1.15B

Previous: $937M+22.6%
EPS (adj)

$1.50

Previous: $0.80+87.5%
Client Assets

$379B

Previous: $277B+36.9%
Fee-Based Assets

$138B

Previous: $93.6B+47.2%
Financial Advisors

2.3K

Previous: 2.2K+2.2%
Free Cash Flow

$173M

Previous: $86.6M+99.8%
Net Income

$173M

Previous: $86.6M+99.8%
Operating Income

$918M

Previous: $677M+35.6%
Gross Profit

$1.14B

Previous: $918M+24.6%
Cash & Equivalents

$1.43B

Previous: $1.38B+3.1%
Total Assets

$28.1B

Previous: $25.9B+8.7%

Revenue & EPS history

Stifel · Revenue · Quarterly

$1.15B

Q1 2021+22.6%vs Q1 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Stifel · $1.14B total across 2 segments · Q1 2021

  • Global Wealth Mgmt
    $631M
  • Institutional Group
    $506M

Forward guidance

Stifel is well positioned for another strong year, driven by a favorable operating environment and the benefits of a diverse business model.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.1%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+3.8%

Avg return

30 days after

54%

37 / 68 earnings

Positive

+9.4%

Q1 2016

Best reaction

-11.8%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.0%-5.5%-11.8%
Q4 2025+0.0%-1.7%-12.1%
Q3 2025+3.8%+5.9%+4.1%
Q1 2025-3.9%-0.1%+8.2%
Q4 2024+2.1%-2.0%-7.8%
Q3 2024+3.7%+4.6%+15.6%
Q2 2024+5.2%+5.6%+6.3%
Q1 2024+0.8%+3.7%+4.1%
Q4 2023+4.8%+5.4%+8.3%
Q3 2023-4.5%-2.7%+6.3%
Q2 2023-3.6%-1.9%-1.6%
Q1 2023+1.9%+1.0%-2.2%
Q4 2022+5.3%+5.1%+6.0%
Q3 2022+7.4%+13.5%+18.8%
Q2 2022-0.8%-0.1%+3.7%
Q1 2022+4.3%+0.6%+2.0%
Q4 2021+8.3%+12.2%+11.6%
Q3 2021-4.6%-3.7%-5.7%
Q2 2021+3.6%+1.5%+8.9%
Q1 2021+0.2%-0.9%-1.0%
Q4 2020+1.5%+1.9%+17.2%
Q3 2020-4.2%-5.0%+17.9%
Q2 2020+4.2%+4.9%+10.7%
Q1 2020-11.8%-13.2%-0.3%
Q4 2019+3.2%+6.6%-13.2%
Q3 2019-4.0%+2.5%+7.2%
Q2 2019-1.0%-6.9%-11.1%
Q1 2019-1.0%+1.1%-6.9%
Q4 2018+6.8%+8.1%+15.8%
Q3 2018+6.1%+10.7%+12.2%
Q2 2018+4.2%+4.5%+6.4%
Q1 2018+0.4%-1.8%+1.9%
Q4 2017+3.2%-0.8%-3.4%
Q3 2017+2.0%+2.3%+6.8%
Q2 2017+1.4%-0.7%-6.0%
Q1 2017-1.0%-1.7%-12.8%
Q4 2016+4.8%+7.7%+9.1%
Q3 2016-4.7%-3.0%+25.8%
Q2 2016+4.2%+6.1%+10.2%
Q1 2016+9.4%
Q4 2015-7.8%
Q3 2015-6.0%
Q2 2015-2.4%
Q1 2015-1.5%
Q4 2014+6.9%
Q3 2014-2.0%
Q2 2014-1.0%
Q1 2014+0.4%
Q4 2013-1.1%
Q3 2013+2.6%
Q2 2013+3.2%
Q1 2013-3.4%
Q4 2012-7.4%
Q3 2012+1.8%
Q2 2012+1.0%
Q1 2012-6.4%
Q4 2011-2.5%
Q3 2011-6.5%
Q2 2011+1.6%
Q1 2010-3.2%
Q1 2011+0.1%
Q4 2008-2.1%
Q4 2010-2.1%
Q3 2009+1.6%
Q3 2010+1.6%
Q2 2010-3.3%
Q2 2009-3.3%
Q4 2009-3.3%

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