Stifel Financial Q1 2025 – Revenues Hit $1.26B

By Tamara Parker • Wednesday, April 23 15:18 • Permanent Link

Stifel Financial Corp. (NYSE: SF) has reported its first quarter 2025 results, with net revenues reaching $1.26 billion for the three months ending March 31, 2025. This marks a significant increase from the $1.16 billion reported for the same period a year ago. However, the net income available to common shareholders saw a decrease to $43.7 million, or $0.39 per diluted common share, compared to $154.3 million, or $1.40 per diluted common share for the first quarter of 2024.

Non-GAAP net income available to common shareholders was $54.2 million, or $0.49 per diluted common share for the first quarter of 2025. The company highlighted that the net revenues were the third best quarter in its history, driven by higher asset management revenues, investment banking revenues, transactional revenues, and net interest income.

In the global wealth management segment, net revenues reached $850.6 million for the first quarter of 2025, up from $790.5 million in the first quarter of 2024. However, pre-tax net income decreased to $126.4 million compared to $290.7 million in the prior year's first quarter. The company recruited 52 financial advisors during the quarter, including 9 experienced employee advisors, and reported client assets of $485.9 billion, up 4% from the year-ago quarter.

In the institutional group, net revenues totaled $384.9 million for the first quarter of 2025, showing an increase from $351.4 million in the first quarter of 2024. However, pre-tax net income decreased to $27.4 million from $37.1 million in the prior year's first quarter.

The company repurchased $210.9 million of its outstanding common stock during the first quarter, including $117.8 million in connection with net-share settlements under its equity compensation plan. The board of directors also declared a $0.46 quarterly dividend per share payable on March 17, 2025, to common shareholders of record on March 3, 2025.

Lastly, Stifel Financial Corp. will host its first quarter 2025 financial results conference call on Wednesday, April 23, 2025, at 9:30 a.m. Eastern Time.

These figures highlight the company's performance and changes in key metrics compared to the same period a year ago. The market has reacted to these announcements by moving the company's shares -4.3% to a price of $82.36. If you want to know more, read the company's complete 8-K report here.

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