Stifel Financial Corporation · Q2 2022 earnings

Briefing

Stifel reported solid results in Q2 2022, driven by higher net interest income and asset management revenues amidst volatile market conditions.

Stifel Financial Corp. reported net revenues of $1.1 billion for the three months ended June 30, 2022, compared with $1.2 billion a year ago. Net income available to common shareholders was $151.5 million, or $1.29 per diluted common share, compared with $189.8 million, or $1.60 per diluted common share for the second quarter of 2021. Non-GAAP net income available to common shareholders was $163.9 million, or $1.40 per diluted common share for the second quarter of 2022.

• Net revenues reached $1.1 billion, the second highest for any second quarter in the company's history.
• Non-GAAP net income available to common shareholders was $1.40 per share.
• Net interest income increased by 64% compared to the same quarter last year.
• The company recruited 41 financial advisors during the quarter.

Headline financials

Revenue & EPS history

Market conditions are volatile and difficult to predict, and, as such, we will remain both cautious and opportunistic. Stifel is well positioned for continued growth as our capital levels remain robust and, as we have done throughout our history, we will use periods of market dislocation to reinvest in our business for future growth.