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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2020
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 years ended December 31, 2020, 2019, and 2018 (in thousands, except per share data): 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

Net income applicable to Stifel Financial Corp.

 

$

503,472

 

 

$

448,396

 

 

$

393,968

 

Preferred dividends

 

 

27,261

 

 

 

17,319

 

 

 

9,375

 

Net income available to common shareholders

 

$

476,211

 

 

$

431,077

 

 

$

384,593

 

Shares for basic and diluted calculation:

 

 

 

 

 

 

 

 

 

 

 

 

Average shares used in basic computation

 

 

106,174

 

 

 

107,997

 

 

 

107,679

 

Dilutive effect of stock options and units (1)

 

 

8,399

 

 

 

9,881

 

 

 

14,303

 

Average shares used in diluted computation

 

 

114,573

 

 

 

117,878

 

 

 

121,982

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

4.49

 

 

$

3.99

 

 

$

3.57

 

Diluted

 

$

4.16

 

 

$

3.66

 

 

$

3.15

 

 

(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. Diluted earnings per share include stock options and units.