NYSE$SF

Stifel Financial Corporation · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Stifel's Q4 2023 earnings were reported, revealing increased net revenues and a decrease in net income compared to the same period last year.

Stifel Financial Corp. reported Q4 2023 net revenues of $1.15 billion, a slight increase from $1.12 billion in Q4 2022. However, net income available to common shareholders decreased to $153.2 million, or $1.38 per diluted common share, compared to $167.3 million, or $1.43 per diluted common share in the prior year. Non-GAAP net income was $166.6 million, or $1.50 per diluted common share.

  • Stifel reported Q4 2023 net revenues of $1.15 billion.
  • Net income available to common shareholders was $153.2 million, or $1.38 per diluted common share.
  • Non-GAAP net income available to common shareholders reached $166.6 million, or $1.50 per diluted common share.
  • The company recruited 40 financial advisors during the quarter.

Headline financials

Total Revenue

$1.15B

Previous: $1.12B+2.1%
EPS (adj)

$1.50

Previous: $1.58-5.1%
Client Assets

$444B

Previous: $390B+14.0%
Fee-Based Assets

$165B

Previous: $145B+14.0%
Net Income

$162M

Previous: $167M-2.9%
Operating Income

$206M

Previous: $234M-11.9%
Gross Profit

$1.13B

Previous: -$192M+689.1%

Revenue & EPS history

Stifel · Revenue · Quarterly

$1.15B

Q4 2023+2.1%vs Q4 2022
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Stifel · $1.03B total across 2 segments · Q3 2023

  • Global Wealth Mgmt
    $769M+9.5%
  • Institutional Group
    $257M-24.3%

Forward guidance

While specific forward guidance was not provided, the report highlights several positive and negative factors influencing the company's outlook.

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 Q4 2023

Historical avgQ4 2023

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro