XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Assets    
Cash and cash equivalents $ 678,054 $ 912,932
Cash segregated for regulatory purposes 150 73,235
Receivables:    
Brokerage clients, net 1,364,624 1,415,936
Brokers, dealers, and clearing organizations 358,760 1,024,752
Securities purchased under agreements to resell [1] 478,091 248,588
Financial instruments owned, at fair value 1,063,651 925,045
Available-for-sale securities, at fair value 3,455,373 3,181,313
Held-to-maturity securities, at amortized cost [2] 3,307,970 3,038,405
Loans held for sale, at lower of cost or market 139,676 228,588
Bank loans, net 6,160,093 5,591,190
Investments, at fair value 128,332 133,563
Fixed assets, net 180,584 172,828
Goodwill 969,764 962,282
Intangible assets, net 115,253 116,304
Loans and advances to financial advisors and other employees, net 386,110 396,318
Deferred tax assets, net 133,603 225,453
Other assets 613,487 482,624
Total Assets 19,533,575 19,129,356
Payables:    
Brokerage clients 821,357 842,014
Brokers, dealers, and clearing organizations 433,343 523,107
Drafts 59,938 94,451
Securities sold under agreements to repurchase [3] 243,999 268,546
Bank deposits 12,050,474 11,527,483
Financial instruments sold, but not yet purchased, at fair value 705,577 699,032
Accrued compensation 244,731 295,354
Accounts payable and accrued expenses 370,051 400,570
Federal Home Loan Bank advances 790,000 500,000
Borrowings 105,000 377,000
Senior notes 796,296 795,891
Debentures to Stifel Financial Capital Trusts 67,500 67,500
Total liabilities 16,688,266 16,390,948
Shareholders’ Equity:    
Preferred stock - $1 par value; authorized 3,000,000 shares; 6,000 shares issued 150,000 150,000
Common stock - $0.15 par value; authorized 97,000,000 shares; issued 69,690,846 and 69,507,842 shares, respectively 10,454 10,426
Additional paid-in-capital 1,784,654 1,840,551
Retained earnings 990,459 876,958
Accumulated other comprehensive loss (25,537) (39,042)
Total Shareholders? Equity 2,910,030 2,838,893
Treasury stock, at cost, 1,409,250 and 2,866,492 shares, respectively (64,721) (100,485)
Total Shareholders’ Equity 2,845,309 2,738,408
Total Liabilities and Shareholders’ Equity $ 19,533,575 $ 19,129,356
[1] Collateral received includes securities received by our company from the counterparty. These securities are not included on the consolidated statements of financial condition unless there is an event of default. The fair value of securities pledged as collateral was $474.1 million and $248.5 million at June 30, 2017 and December 31, 2016, respectively.
[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.
[3] Collateral pledged includes the fair value of securities pledged by our company to the counter party. These securities are included on the consolidated statements of financial condition unless we default. Collateral pledged by our company to the counter party includes U.S. government agency securities, U.S. government securities, and corporate fixed income securities with market values of $263.8 million and $299.3 million at June 30, 2017 and December 31, 2016, respectively.