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Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Assets    
Cash and cash equivalents $ 450,343 $ 696,283
Cash segregated for regulatory purposes 26,611 90,802
Receivables:    
Brokerage clients, net 1,440,242 1,384,096
Brokers, dealers, and clearing organizations 544,950 459,107
Securities purchased under agreements to resell [1] 669,002 512,220
Financial instruments owned, at fair value 1,181,047 1,143,684
Available-for-sale securities, at fair value 3,712,801 3,773,508
Held-to-maturity securities, at amortized cost [2] 3,846,526 3,698,098
Loans held for sale, at lower of cost or market 261,467 226,068
Bank loans, net 7,076,282 6,947,759
Investments, at fair value 98,920 111,379
Fixed assets, net 153,307 155,120
Goodwill 984,288 968,834
Intangible assets, net 118,969 109,627
Loans and advances to financial advisors and other employees, net 363,967 378,124
Deferred tax assets, net 94,160 105,152
Other assets 692,460 624,092
Total Assets 21,715,342 21,383,953
Payables:    
Brokerage clients 798,929 828,206
Brokers, dealers, and clearing organizations 504,595 276,302
Drafts 76,171 107,043
Securities sold under agreements to repurchase [3] 346,202 233,704
Bank deposits 13,329,623 13,411,935
Financial instruments sold, but not yet purchased, at fair value 959,535 778,863
Accrued compensation 238,723 493,973
Accounts payable and accrued expenses 318,329 308,911
Federal Home Loan Bank advances 827,000 745,000
Borrowings 316,000 256,000
Senior notes 1,015,195 1,014,940
Debentures to Stifel Financial Capital Trusts 67,500 67,500
Total liabilities 18,797,802 18,522,377
Shareholders’ Equity:    
Preferred stock - $1 par value; authorized 3,000,000 shares; 6,000 shares issued 149,968 150,000
Common stock - $0.15 par value; authorized 97,000,000 shares; issued 72,459,911 and 71,636,986 shares, respectively 10,869 10,746
Additional paid-in-capital 1,719,710 1,733,348
Retained earnings 1,103,013 1,033,526
Accumulated other comprehensive loss (36,415) (26,736)
Stockholders' Equity before adjustment for Treasury Stock 2,947,145 2,900,884
Treasury stock, at cost, 549,246 and 772,302 shares, respectively (29,605) (39,308)
Total Shareholders’ Equity 2,917,540 2,861,576
Total Liabilities and Shareholders’ Equity $ 21,715,342 $ 21,383,953
[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 $667.0 million and $509.4 million at March 31, 2018 and December 31, 2017, 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 $360.9 million and $241.4 million at March 31, 2018 and December 31, 2017, respectively.