Acquisition of KBW, Inc. (Tables)

9 Months Ended

Sep. 30, 2013

Acquisition of KBW, Inc.

Aggregate Merger Consideration Payable

Cash paid to KBW, Inc. shareholders	$	253,039
Common stock issued to KBW, Inc. shareholders		262,653
Fair value of outstanding KBW, Inc. restricted stock awards exchanged for Stifel restricted stock awards		86,221
Purchase price to be allocated	$	601,913

Fair Value Of Assets Acquired And Liabilities Assumed

Assets:
Cash and cash equivalents	$	98,756
Receivables from clearing organizations		74,264
Financial instruments owned, at fair value		120,540
Fixed assets, net		10,629
Deferred tax assets, net		78,724
Other assets		31,626
Total assets acquired	$	414,539
Liabilities:
Financial instruments sold, but not yet purchased, at fair value	$	53,379
Accrued compensation		21,418
Accounts payable and accrued expenses		50,104
Total liabilities assumed		124,901
Net assets acquired	$	289,638