Stifel Financial Corp. reported increased net revenues but decreased net income for Q1 2025.

From GlobeNewswire: 2025-04-23 07:00:00

Stifel Financial Corp. (NYSE: SF) reported net revenues of $1.26 billion for Q1 2025, up from $1.16 billion in Q1 2024. Net income available to common shareholders was $43.7 million, or $0.39 per diluted common share, down from $154.3 million, or $1.40 per share in Q1 2024. Non-GAAP net income was $54.2 million, or $0.49 per share.

Global Wealth Management saw net revenues of $850.6 million, up from $790.5 million in Q1 2024. Pre-tax net income was $126.4 million. The division recruited 52 financial advisors, including 9 experienced advisors, during the quarter.

Institutional Group reported net revenues of $384.9 million, up from $351.4 million in Q1 2024. Pre-tax net income was $27.4 million. Investment banking revenues increased by 11%, driven by higher completed advisory transactions.

Stifel Financial Corp. repurchased $210.9 million of its outstanding common stock in Q1 2025. The Board declared a $0.46 quarterly dividend per share payable on March 17, 2025. Weighted average diluted shares outstanding increased due to an increase in the Company’s share price.

Stifel Financial Corp. will host its Q1 2025 financial results conference call on April 23, 2025, at 9:30 a.m. Eastern Time. Interested parties can listen to Chairman and CEO Ronald J. Kruszewski by dialing (866) 409-1555. A live audio webcast will be available on the Company’s website.

Stifel Financial Corp. (NYSE: SF) is a financial services holding company based in St. Louis, Missouri. The Company conducts its banking, securities, and financial services business through several wholly owned subsidiaries, providing a range of services to individual investors, businesses, and municipalities. Non-GAAP financial measures are included in the Company’s earnings release and financial supplement.



Read more at GlobeNewswire:: Stifel Reports First Quarter 2025 Results