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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities:      
Net income $ 449,986 $ 393,968 $ 182,871
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 38,369 27,896 32,495
Amortization of loans and advances to financial advisors and other employees 95,053 85,374 91,594
Amortization of premium on investment portfolio 34,229 25,307 15,837
Provision for loan losses and allowance for loans and advances to financial advisors and other employees 11,007 19,601 25,985
Amortization of intangible assets 16,015 12,557 12,135
Deferred income taxes (6,863) 14,254 118,129
Stock-based compensation 102,190 100,789 140,461
(Gain)/losses on sale of investments (7,922) 22,780 (2,359)
Other, net (38,554) (10,723) 3,037
Receivables:      
Brokerage clients, net (17,487) 182,619 31,840
Brokers, dealers, and clearing organizations (8,655) (56,467) 566,454
Securities purchased under agreements to resell 314,892 (187,680) (263,632)
Financial instruments owned, including those pledged 335,548 (123,765) (217,386)
Loans originated as held for sale (1,848,568) (1,341,108) (1,564,386)
Proceeds from mortgages held for sale 1,782,455 1,345,109 1,558,327
Loans and advances to financial advisors and other employees (210,646) (116,921) (72,215)
Other assets (36,290) (1,562) (113,875)
Increase/(decrease) in operating liabilities, net of liabilities assumed:      
Brokerage clients (210,712) 9,173 (13,808)
Brokers, dealers, and clearing organizations 63,822 (16,383) (79,905)
Drafts 14,871 (2,156) 12,592
Financial instruments sold, but not yet purchased (284,510) 168,443 79,831
Other liabilities and accrued expenses 38,631 (21,579) 135,894
Net cash provided by operating activities 626,861 529,526 679,916
Cash Flows From Investing Activities:      
Maturities, calls, sales, and principal paydowns of available-for-sale securities 1,224,619 1,244,434 985,520
Calls and principal paydowns of held-to-maturity securities 482,079 827,905 370,019
Sale of equipment   21,699  
Sale or maturity of investments 14,699 24,445 28,839
Sale of other real estate owned 8,950    
Increase in loans held for investment, net (1,208,817) (1,079,546) (1,374,959)
Payments for:      
Purchase of available-for-sale securities (239,965) (550,162) (1,583,369)
Purchase of held-to-maturity securities (243,335) (1,352,587) (1,033,700)
Purchase of investments (37,563) (8,828) (4,296)
Purchase of fixed assets (157,897) (108,207) (28,217)
Acquisitions, net of cash acquired (193,097) (8,394) (7,220)
Net cash used in investing activities (350,327) (989,241) (2,647,383)
Cash Flows from Financing Activities:      
Repayments of borrowings, net (62,810) (216,572) (121,000)
Proceeds from issuance of senior notes, net     217,913
Proceeds from advances from the FHLB, net     245,000
Repayments of advances from the FHLB, net (290,000) (214,950)  
Proceeds from non-controlling interests 26,800 30,000  
Proceeds from preferred stock issuance, net 154,988    
(Decrease)/increase in securities sold under agreements to repurchase (168,069) 301,690 (34,842)
(Decrease)/increase in bank deposits, net (531,032) 1,950,661 1,884,452
Increase/(decrease) in securities loaned 114,135 172,380 (166,900)
Tax payments related to shares withheld for stock-based compensation plans (33,268) (43,229) (214,744)
Proceeds from stock option exercises   2,278  
Repurchase of common stock (215,430) (170,204) (12,998)
Cash dividends on preferred stock (17,319) (9,375) (9,375)
Cash dividends paid to common stock and equity-award holders (41,948) (34,638) (13,688)
Extinguishment of Stifel Financial Capital Trust   (7,500)  
Payment of contingent consideration (9,526) (12,846) (13,328)
Other (3,391)    
Net cash (used in)/provided by financing activities (1,076,870) 1,747,695 1,760,490
Effect of exchange rate changes on cash 4,932 (5,691) 7,895
(Decrease)/increase in cash, cash equivalents, and cash segregated for regulatory purposes (795,404) 1,282,289 (199,082)
Cash, cash equivalents, and cash segregated for regulatory purposes at beginning of year 2,069,374 787,085 986,167
Cash, cash equivalents, and cash segregated for regulatory purposes at end of year 1,273,970 2,069,374 787,085
Supplemental disclosure of cash flow information:      
Cash paid for interest 183,012 169,724 69,781
Cash paid for income taxes, net of refunds 161,926 67,379 21,516
Noncash investing and financing activities:      
Unit grants, net of forfeitures $ 139,408 136,529 71,300
Issuance of common stock for acquisitions   $ 110,671 $ 9,352