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Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited)

 

 

Year Ended December 31, 2020

 

($ in thousands, except per share amounts)

 

1st Quarter

 

 

2nd Quarter

 

 

3rd Quarter

 

 

4th Quarter

 

Operating revenues

 

$

776,214

 

 

$

780,533

 

 

$

782,711

 

 

$

954,549

 

Interest revenue

 

 

161,177

 

 

 

128,368

 

 

 

114,411

 

 

 

119,876

 

Total revenues

 

 

937,391

 

 

 

908,901

 

 

 

897,122

 

 

 

1,074,425

 

Interest expense

 

 

24,357

 

 

 

13,084

 

 

 

13,822

 

 

 

14,515

 

Net revenues

 

 

913,034

 

 

 

895,817

 

 

 

883,300

 

 

 

1,059,910

 

Total non-interest expenses

 

 

797,928

 

 

 

752,857

 

 

 

724,907

 

 

 

825,209

 

Income before income tax expense

 

 

115,106

 

 

 

142,960

 

 

 

158,393

 

 

 

234,701

 

Provision for income taxes

 

 

28,517

 

 

 

35,073

 

 

 

37,866

 

 

 

46,232

 

Net income

 

 

86,589

 

 

 

107,887

 

 

 

120,527

 

 

 

188,469

 

Preferred dividends

 

 

4,844

 

 

 

4,843

 

 

 

9,897

 

 

 

7,677

 

Net income available to common shareholders

 

$

81,745

 

 

$

103,044

 

 

$

110,630

 

 

$

180,792

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.76

 

 

$

0.97

 

 

$

1.04

 

 

$

1.70

 

Diluted

 

$

0.71

 

 

$

0.92

 

 

$

0.97

 

 

$

1.55

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash dividends declared per common share

 

$

0.11

 

 

$

0.11

 

 

$

0.11

 

 

$

0.11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

106,929

 

 

 

105,791

 

 

 

105,941

 

 

 

106,041

 

Diluted

 

 

114,929

 

 

 

111,581

 

 

 

113,775

 

 

 

116,828

 

 

 

 

Year Ended December 31, 2019

 

($ in thousands, except per share amounts)

 

1st Quarter

 

 

2nd Quarter

 

 

3rd Quarter

 

 

4th Quarter

 

Operating revenues

 

$

628,797

 

 

$

665,738

 

 

$

686,932

 

 

$

808,612

 

Interest revenue

 

 

191,071

 

 

 

187,940

 

 

 

178,784

 

 

 

167,087

 

Total revenues

 

 

819,868

 

 

 

853,678

 

 

 

865,716

 

 

 

975,699

 

Interest expense

 

 

49,448

 

 

 

52,891

 

 

 

44,144

 

 

 

31,448

 

Net revenues

 

 

770,420

 

 

 

800,787

 

 

 

821,572

 

 

 

944,251

 

Total non-interest expenses

 

 

632,611

 

 

 

652,805

 

 

 

670,818

 

 

 

781,658

 

Income before income tax expense

 

 

137,809

 

 

 

147,982

 

 

 

150,754

 

 

 

162,593

 

Provision for income taxes

 

 

38,370

 

 

 

38,225

 

 

 

40,632

 

 

 

31,925

 

Net income

 

 

99,439

 

 

 

109,757

 

 

 

110,122

 

 

 

130,668

 

Net income/(loss) applicable to non-controlling interests

 

 

232

 

 

 

672

 

 

 

708

 

 

 

(22

)

Net income applicable to Stifel Financial Corp.

 

 

99,207

 

 

 

109,085

 

 

 

109,414

 

 

 

130,690

 

Preferred dividends

 

 

2,344

 

 

 

5,288

 

 

 

4,844

 

 

 

4,843

 

Net income available to common shareholders

 

$

96,863

 

 

$

103,797

 

 

$

104,570

 

 

$

125,847

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.90

 

 

$

0.95

 

 

$

0.98

 

 

$

1.19

 

Diluted

 

$

0.82

 

 

$

0.88

 

 

$

0.89

 

 

$

1.08

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash dividends declared per common share

 

$

0.10

 

 

$

0.10

 

 

$

0.10

 

 

$

0.10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

107,550

 

 

 

108,779

 

 

 

106,796

 

 

 

105,705

 

Diluted

 

 

118,815

 

 

 

118,619

 

 

 

117,216

 

 

 

116,720