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Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 777,781 $ 1,936,560
Cash segregated for regulatory purposes 73,684 132,814
Receivables:    
Brokerage clients, net 1,384,238 1,201,477
Brokers, dealers, and clearing organizations 588,501 515,574
Securities purchased under agreements to resell [1] 568,034 699,900
Financial instruments owned, at fair value 1,297,491 1,267,449
Available-for-sale securities, at fair value 3,003,767 3,070,447
Held-to-maturity securities, at amortized cost [2] 4,103,562 4,218,854
Loans:    
Held for investment, net 8,706,689 8,517,615
Held for sale, at lower of cost or market 144,216 205,557
Investments, at fair value 70,225 67,982
Fixed assets, net 1,077,891 372,939
Goodwill 1,056,111 1,034,679
Intangible assets, net 123,830 119,655
Loans and advances to financial advisors and other employees, net 437,728 408,436
Deferred tax assets, net 105,388 112,008
Other assets 664,423 637,652
Total assets 24,183,559 24,519,598
Payables:    
Brokerage clients 637,150 837,379
Brokers, dealers, and clearing organizations 586,890 432,299
Drafts 100,624 104,887
Securities sold under agreements to repurchase [3] 466,284 535,394
Bank deposits 15,049,877 15,863,613
Financial instruments sold, but not yet purchased, at fair value 979,116 947,306
Accrued compensation 201,170 460,347
Accounts payable and accrued expenses 1,004,165 344,152
Federal Home Loan Bank advances 250,000 540,000
Borrowings 398,970 180,655
Senior notes 1,016,116 1,015,973
Debentures to Stifel Financial Capital Trusts 60,000 60,000
Total liabilities 20,750,362 21,322,005
Commitments and contingent liabilities
Stifel Financial Corp. shareholders' equity:    
Preferred stock - $1 par value; authorized 3,000,000 shares; issued 12,400 and 6,000 shares, respectively 310,000 150,000
Common stock - $0.15 par value; authorized 194,000,000 shares; issued 74,441,046 and 74,441,017 shares, respectively 11,166 11,166
Additional paid-in-capital 1,826,604 1,893,304
Retained earnings 1,443,658 1,366,503
Accumulated other comprehensive loss (46,381) (72,523)
Treasury stock, at cost, 3,416,380 and 3,639,399 shares, respectively (168,424) (180,857)
Total Stifel Financial Corp. shareholders’ equity 3,376,623 3,167,593
Non-controlling interests 56,574 30,000
Total equity 3,433,197 3,197,593
Total liabilities and equity $ 24,183,559 $ 24,519,598
[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 $568.1 million and $695.6 million at March 31, 2019 and December 31, 2018, 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 counterparty. These securities are included in the consolidated statements of financial condition unless we default. Collateral pledged by our company to the counterparty includes U.S. government agency securities, U.S. government securities, and corporate fixed income securities with market values of $495.0 million and $558.6 million at March 31, 2019 and December 31, 2018, respectively.