Every material Form 8-K Stifel filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Stifel Financial reported third-quarter 2024 net revenues of $1.2 billion, up 17.2% from $1.0 billion a year earlier, with GAAP diluted earnings per share of $1.34 versus $0.52. Investment banking revenues rose 66%, and the company said it anticipates further upside to revenue and earnings in the fourth quarter and in 2025, though this is not formal guidance.
Net revenues of $1.2 billion for the quarter ended September 30, 2024, versus $1.0 billion a year earlier
GAAP net income available to common shareholders of $149.2 million, or $1.34 per diluted share, versus $0.52 a year earlier
Non-GAAP diluted EPS of $1.50 versus $0.60, after $0.10 per share of elevated legal provisions
Investment banking revenues up 66%; the company repurchased $20.2 million of common stock in the quarter
Stifel Financial reported second quarter 2024 net revenues of $1.2 billion, up 15.9% from $1.05 billion a year earlier, and net income available to common shareholders of $156.0 million, or $1.41 per diluted share, versus $1.10 in the second quarter of 2023. Non-GAAP diluted EPS was $1.60, compared with $1.20, after excluding merger-related and restructuring and severance costs, so shareholders saw higher revenue and earnings year over year.
Net revenues of $1.2 billion ($1,217.9 million), up 15.9% from $1.05 billion in Q2 2023.
GAAP diluted EPS of $1.41 vs. $1.10 a year earlier; non-GAAP diluted EPS of $1.60 vs. $1.20.
Institutional Group pre-tax net income of $48.8 million, compared with a pre-tax loss of $11.6 million in Q2 2023.
The company's 4.25% Senior Notes matured on July 18, 2024, retiring the $500.0 million outstanding balance; Q2 stock repurchases totaled $17.6 million.
Stifel Financial reported first quarter 2024 net revenues of $1.2 billion, up from $1.1 billion a year earlier, and GAAP net income available to common shareholders of $154.3 million, or $1.40 per diluted share, compared with $1.28 a year ago. Non-GAAP diluted EPS was $1.49, and the company repurchased $159.3 million of its common stock during the quarter.
Net revenues of $1,163.0 million, up 5.1% from $1,106.8 million in Q1 2023
GAAP diluted EPS of $1.40 vs $1.28 a year ago (up 9.4%); non-GAAP diluted EPS of $1.49 vs $1.40
GAAP pre-tax margin of 18.8% vs 19.0%; non-GAAP pre-tax margin of 19.8% vs 20.5%
Quarterly common dividend of $0.42 per share, up from $0.36; $159.3 million of stock repurchased
On March 7, 2024, Stifel Financial's Compensation Committee approved a form of restricted cash award agreement under its 2001 Incentive Stock Plan (2018 Restatement). The agreement is filed as Exhibit 10.1 and is routine compensation documentation, with no financial amounts or named executives disclosed in the filing.
Compensation Committee approved the form of restricted cash award agreement on March 7, 2024
The agreement is issued under the 2001 Incentive Stock Plan (2018 Restatement)
Form of agreement attached as Exhibit 10.1; filing signed by CFO James M. Marischen on March 8, 2024
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Stifel filing is on SEC EDGAR ↗. 8-K briefs of other companies →