XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 1,716,570 $ 1,142,596
Cash segregated for regulatory purposes 154,374 131,374
Receivables:    
Brokerage clients, net 1,054,659 1,351,786
Brokers, dealers, and clearing organizations 444,685 627,790
Securities purchased under agreements to resell [1] 436,860 385,008
Financial instruments owned, at fair value 819,715 972,932
Available-for-sale securities, at fair value 2,824,258 3,254,737
Held-to-maturity securities, at amortized cost 3,397,713 2,856,219
Loans:    
Held for investment, net 10,650,760 9,624,042
Held for sale, at lower of cost or market 281,475 389,693
Investments, at fair value 108,412 79,972
Fixed assets, net 936,911 1,107,928
Goodwill 1,181,998 1,194,074
Intangible assets, net 145,472 161,773
Loans and advances to financial advisors and other employees, net 582,105 525,332
Deferred tax assets, net 107,775 104,380
Other assets 705,440 700,589
Total assets 25,549,182 24,610,225
Payables:    
Brokerage clients 1,027,828 740,444
Brokers, dealers, and clearing organizations 157,353 712,291
Drafts 90,698 119,758
Securities sold under agreements to repurchase [2] 182,271 391,634
Bank deposits 16,400,001 15,332,581
Financial instruments sold, but not yet purchased, at fair value 599,934 662,852
Accrued compensation 476,836 507,009
Accounts payable and accrued expenses 1,111,569 1,146,856
Federal Home Loan Bank advances   250,000
Senior notes 1,412,005 1,017,010
Debentures to Stifel Financial Capital Trusts 60,000 60,000
Total liabilities 21,518,495 20,940,435
Stifel Financial Corp. shareholders' equity:    
Preferred stock - $1 par value; authorized 3,000,000 shares; issued 21,400 and 12,400 shares, respectively 535,000 310,000
Common stock - $0.15 par value; authorized 194,000,000 shares; issued 74,441,197 and 74,441,113 shares, respectively 11,166 11,166
Additional paid-in-capital 1,878,042 1,909,286
Retained earnings 1,913,682 1,715,704
Accumulated other comprehensive income/(loss) 8,079 (11,705)
Treasury stock, at cost, 5,830,670 and 6,113,084 shares, respectively (315,282) (319,660)
Total Stifel Financial Corp. shareholders’ equity 4,030,687 3,614,791
Non-controlling interests   54,999
Total equity 4,030,687 3,669,790
Total liabilities and equity $ 25,549,182 $ 24,610,225
[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 $433.6 million and $385.3 million at September 30, 2020 and December 31, 2019, respectively.
[2] 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 $188.5 million and $407.3 million at September 30, 2020 and December 31, 2019, respectively