NYSE$SF

Stifel Financial Corporation · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Stifel reported solid results, driven by Global Wealth Management's record performance and higher net interest income.

Stifel Financial Corp. reported net revenues of $1.0 billion for Q3 2022, compared to $1.1 billion a year ago. Net income available to common shareholders was $141.8 million, or $1.21 per diluted common share, compared to $182.7 million, or $1.54 per diluted common share for Q3 2021. Non-GAAP net income available to common shareholders was $150.8 million, or $1.29 per diluted common share for Q3 2022.

  • Net revenues reached $1.0 billion, driven by higher net interest income.
  • Non-GAAP net income available to common shareholders was $1.29 per share.
  • Net interest income saw a record increase, up 85% year-over-year.
  • The company recruited 36 financial advisors during the quarter.

Headline financials

Total Revenue

$1.1B

Previous: $1.15B-4.3%
EPS (adj)

$1.29

Previous: $1.65-21.8%
Client Assets

$365B

Previous: $407B-10.4%
Fee-Based Assets

$136B

Previous: $150B-9.9%
Financial Advisors

36

No prior period
Free Cash Flow

$151M

Previous: $192M-21.4%
Net Income

$151M

Previous: $192M-21.4%
Operating Income

$706M

Previous: $851M-17.0%
Gross Profit

$1.08B

Previous: $1.14B-5.4%
Cash & Equivalents

$1.41B

Previous: $2.05B-31.1%
Total Assets

$37.6B

Previous: $30.8B+22.0%

Revenue & EPS history

Stifel · Revenue · Quarterly

$1.1B

Q3 2022-4.3%vs Q3 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Stifel · $1.04B total across 2 segments · Q3 2022

  • Global Wealth Mgmt
    $702M+7.1%
  • Institutional Group
    $339M-31.1%

Forward guidance

The conference call may include forward-looking statements. All interested parties are invited to listen to Stifel’s Chairman and CEO

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 Q3 2022

Historical avgQ3 2022

+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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