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Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 2,199,985 $ 1,963,326
Cash segregated for regulatory purposes 29,017 186,331
Receivables:    
Brokerage clients, net 924,385 1,152,877
Brokers, dealers, and clearing organizations 418,091 574,256
Securities purchased under agreements to resell 348,162 579,866
Financial instruments owned, at fair value 731,752 1,157,004
Available-for-sale securities, at fair value 1,636,041 [1] 2,113,893
Held-to-maturity securities, at amortized cost [2] 5,990,451 5,348,558
Loans:    
Held for investment, net 20,465,092 16,627,847
Held for sale, at lower of cost or market 156,912 207,715
Investments, at fair value 99,376 117,804
Fixed assets, net 200,043 168,206
Operating lease right-of-use assets, net 775,949 750,734
Goodwill 1,326,548 1,306,892
Intangible assets, net 130,589 148,157
Loans and advances to financial advisors and other employees, net 654,112 653,955
Deferred tax assets, net 159,207 111,283
Other assets 950,412 881,011
Total assets 37,196,124 34,049,715
Payables:    
Brokerage clients 770,336 971,924
Brokers, dealers, and clearing organizations 94,954 257,729
Drafts 102,212 122,617
Securities sold under agreements to repurchase 212,011 385,528
Bank deposits 27,117,111 23,280,348
Financial instruments sold, but not yet purchased, at fair value 454,817 756,150
Accrued compensation 677,376 932,804
Accounts payable and accrued expenses 1,264,282 1,134,178
Senior notes, net 1,114,554 1,113,478
Debentures to Stifel Financial Capital Trusts 60,000 60,000
Total liabilities 31,867,653 29,014,756
Equity    
Preferred stock - $1 par value; authorized 3,000,000 shares; issued 27,400 shares 685,000 685,000
Common stock - $0.15 par value; authorized 194,000,000 shares; issued 111,662,034 and 111,661,763 shares, respectively 16,749 16,749
Additional paid-in-capital 1,928,069 1,922,382
Retained earnings 3,169,095 2,757,208
Accumulated other comprehensive income/(loss) (117,960) 4,718
Treasury stock, at cost, 6,314,033 and 7,162,850 shares, respectively (352,482) (351,098)
Total equity 5,328,471 5,034,959
Total liabilities and equity $ 37,196,124 $ 34,049,715
[1] Due to the immaterial amount of income recognized on tax-exempt securities, yields were not calculated on a tax-equivalent basis.
[2] Held-to-maturity securities are carried in the consolidated statements of financial condition at amortized cost, and the changes in the value of these securities, other than impairment charges, are not reported on the consolidated financial statements.