Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Computation Of Basic And Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the three months ended March 31, 2019 and 2018 (in thousands, except per share data):

	Three Months Ended March 31,
	2019		2018
Net income applicable to Stifel Financial Corp.	$	99,207	$	88,761
Preferred dividends		2,344		2,344
Net income available to common shareholders	$	96,863	$	86,417
Shares for basic and diluted calculation:
Average shares used in basic computation		71,700		71,999
Dilutive effect of stock options and units (1)		7,510		9,790
Average shares used in diluted computation		79,210		81,789
Earnings per common share:
Basic	$	1.35	$	1.20
Diluted	$	1.22	$	1.06

⁽¹⁾ Diluted earnings per share is computed on the basis of the weighted-average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method.