Stifel Financial Corporation 5.20% Senior Notes due 2047 (SFB) 10-Year Financial Performance & Capital Metrics

SFB • • Banking & Credit

Financial ServicesInvestment BankingInvestment Banking & Capital MarketsFull-Service Investment Banks

AboutStifel Financial Corp. provides securities brokerage, investment banking, trading, investment advisory, and related financial services. It operates through the following segments: Global Wealth Management, Institutional Group, and Other. The Global Wealth Management segment consists of two businesses, the Private Client Group and Stifel Bancorp. The Institutional Group segment includes institutional sales and trading. The Other segment refers to interest income from stock borrowing activities, unallocated interest expense, interest income, and gains and losses from investments held. The company was founded in 1890 and is headquartered in St. Louis, MO.Show more

Net Interest Income -$981M -1048.1%
Total Revenue $5.95B +37.6%
Net Income $731M +40.0%
Return on Equity 13.32% +35.4%
Net Interest Margin -2.44% -985.6%
Efficiency Ratio 32.65% -50.7%
ROA 1.87% +34.6%
Equity / Assets 14.15% +1.6%
Book Value per Share 51.24 +9.8%
Tangible BV/Share 51.24 +9.8%
Debt/Equity 0.37 -18.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Efficient operations: 32.7% efficiency ratio
✓Well capitalized: 14.1% equity/assets
✓Share count reduced 2.2% through buybacks
✓Diversified revenue: 100.0% from non-interest income
✓Trading at only 0.4x book value

✗Weaknesses

✗Weak NIM of -2.4%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.22%

5Y11.06%

3Y7.82%

TTM-

Profit (Net Income) CAGR

10Y15.3%

5Y10.28%

3Y-3.93%

TTM2.09%

EPS CAGR

10Y14.89%

5Y11.3%

3Y-2.1%

TTM2.35%

ROCE

10Y Avg27.52%

5Y Avg4.22%

3Y Avg3.62%

Latest2.79%

Peer Comparison

Full-Service Investment Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
GSThe Goldman Sachs Group, Inc.	281.38B	938.15	23.14	17%	11.25%	12.59%	5.06
MSMorgan Stanley	290.46B	182.76	22.99	16.83%	12.98%	14.57%	3.42
JEFJefferies Financial Group Inc.	12.82B	62.12	20.78	41.3%	7.07%	7.12%	1.99
MS-PQMorgan Stanley		26.27	3.30	16.83%	12.98%	14.61%	3.42
SFBStifel Financial Corporation 5.20% Senior Notes due 2047		20.50	3.28	37.64%	12.29%	11.53%	0.37
NMRNomura Holdings, Inc.	27.08B	9.23	0.08	13.42%	7.56%	10.49%	8.75

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	0	0	0	0	-85.42M	-51.23M	-41.49M	-54.75M	-85.48M	-981.37M
NII Growth %	-	-	-	-	-	0.4%	0.19%	-0.32%	-0.56%	-10.48%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	41.26M	66.87M	70.03M	170.08M	85.42M	51.23M	41.49M	54.75M	85.48M	981.37M
Loan Loss Provision	1.73B	2.18B	-13.24M	-5.4M	108.78M	-51.23M	-41.49M	-54.75M	-56.28M	1.93B
Non-Interest Income+	2.33B	2.58B	3B	3.2B	3.52B	3.72B	4.75B	4.36B	4.32B	5.95B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	2.33B	2.58B	3B	3.2B	3.52B	3.72B	4.75B	4.36B	4.32B	5.95B
Revenue Growth %	0.04%	0.1%	0.16%	0.07%	0.1%	0.06%	0.28%	-0.08%	-0.01%	0.38%
Non-Interest Expense	267.83M	311.89M	2.66B	1.98B	2.73B	2.52B	3.08B	2.86B	2.86B	1.94B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	579.07M	57.57M	744.79M	1.03B	759.08M	1.19B	1.66B	1.5B	1.46B	1.09B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.11%	-0.9%	11.94%	0.38%	-0.26%	0.57%	0.39%	-0.1%	-0.02%	-0.25%
Pretax Income+	141.57M	435.18M	625.85M	743.93M	599.14M	651.16M	1.07B	885.12M	706.69M	928.44M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	49.23M	377.6M	581.22M	703.48M	149.15M	147.69M	242.22M	222.96M	184.16M	197.06M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	92.34M	142.58M	269.54M	393.97M	448.4M	503.47M	824.86M	662.15M	522.54M	731.38M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.48%	0.54%	0.89%	0.46%	0.14%	0.12%	0.64%	-0.2%	-0.21%	0.4%
Net Income (Continuing)	92.34M	142.58M	269.54M	534.36M	449.99M	503.47M	824.86M	662.15M	522.54M	731.38M
EPS (Diluted)+	0.78	1.19	2.39	3.28	3.66	4.16	6.66	5.32	4.28	6.25
EPS Growth %	-0.5%	0.53%	1.01%	0.37%	0.12%	0.14%	0.6%	-0.2%	-0.2%	0.46%
EPS (Basic)	0.79	1.19	2.46	3.28	3.99	4.49	7.34	5.74	4.55	6.67
Diluted Shares Outstanding	117.83M	120.18M	112.93M	119.94M	117.88M	114.57M	118.53M	117.54M	113.45M	110.97M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	811.02M	986.17M	787.09M	2.07B	1.27B	2.45B	2.15B	2.2B	3.52B	2.68B
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	0	7.53B	9.24B	9.32B	7.55B	0	9.32B	0	0	0
Investments Growth %	-	-	0.23%	0.01%	-0.19%	-1%	-	-1%	-	-
Long-Term Investments	0	7.53B	9.24B	9.32B	7.55B	0	9.32B	0	0	0
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	915.6M	283.94M	160.04M	164.46M	1.19B	0	1.31B	1.33B	0	0
Intangible Assets	63.18M	116.3M	109.63M	119.66M	161.77M	0	148.16M	197.84M	0	0
PP&E (Net)	181.97M	172.83M	155.12M	372.94M	1.11B	961.1M	918.94M	908.74M	969.74M	1B
Other Assets	11.35B	-9.75B	-11.22B	-12.84B	13.11B	-2.71B	20.03B	32.56B	-2.9B	-2.97B
Total Current Assets	811.02M	912.93M	696.28M	1.94B	1.14B	0	1.96B	2.2B	0	0
Total Non-Current Assets	12.52B	18.22B	20.69B	22.58B	23.47B	0	32.09B	35B	0	0
Total Assets+	13.33B	645.55M	489.7M	1.76B	24.85B	26.9B	34.31B	37.2B	38.01B	40.2B
Asset Growth %	0.4%	-0.95%	-0.24%	2.58%	13.16%	0.08%	0.28%	0.08%	0.02%	0.06%
Return on Assets (ROA)	0.01%	0.02%	0.47%	0.35%	0.03%	0.02%	0.03%	0.02%	0.01%	0.02%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	970.64M	711.21M	795.86M	843.21M	2.43B	2.2B	2.36B	1.17B	2.42B	2.12B
Net Debt	159.62M	-274.95M	8.78M	-1.23B	1.15B	-249.04M	208.45M	-1.03B	-1.11B	-553.99M
Long-Term Debt	970.64M	863.39M	1.08B	576.44M	1.03B	1.17B	1.17B	1.17B	1.18B	676.62M
Short-Term Debt	0	0	0	0	785.88M	284.5M	478.34M	0	523.15M	684.51M
Other Liabilities	9.86B	-937.07M	-1.14B	-638.38M	-1.9B	-2.22B	-2.15B	30.69B	-2.2B	-1.77B
Total Current Liabilities	363.79M	58.48M	54.88M	52.45M	507.01M	0	932.8M	0	0	0
Total Non-Current Liabilities	10.47B	16.1B	18.03B	20.86B	20.43B	0	28.08B	31.87B	0	0
Total Liabilities	10.83B	10.43M	10.75M	11.17M	21.18B	22.66B	29.27B	31.87B	32.72B	34.51B
Total Equity+	2.49B	20.21B	22.97B	24.83B	3.67B	4.24B	5.24B	5.33B	5.29B	5.69B
Equity Growth %	0.07%	7.11%	0.14%	0.08%	-0.85%	0.16%	0.24%	0.02%	-0.01%	0.07%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.04%	0.01%	0.01%	0.02%	0.03%	0.13%	0.17%	0.13%	0.1%	0.13%
Book Value per Share	21.15	168.18	203.39	207.06	31.13	37.00	44.24	45.33	46.67	51.24
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	10.43M	0	0	0	11.17M	16.75M	16.75M	16.75M	16.75M	16.75M
Additional Paid-in Capital	1.82B	1.84B	1.73B	1.89B	1.9B	1.89B	1.92B	1.93B	1.91B	1.9B
Retained Earnings	805.68M	2.74B	2.86B	3.17B	1.72B	2.08B	2.76B	3.17B	3.4B	3.79B
Accumulated OCI	-39.53M	2.74B	2.86B	3.2B	-11.71M	27.64M	4.72M	-117.96M	-74.33M	-75.64M
Treasury Stock	-104.93M	-100.48M	-39.31M	-180.86M	-319.66M	-307.74M	-351.1M	-352.48M	-636.7M	-629.52M
Preferred Stock	0	876.96M	1.03B	1.37B	310M	535M	685M	685M	685M	685M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-261.81M	-262.7M	1.08B	672.53M	260.93M	1.44B	1.18B	801.79M	499.33M	771.3M
Operating CF Growth %	-2.05%	-0%	5.12%	-0.38%	-0.61%	4.52%	-0.18%	-0.32%	-0.38%	0.54%
Net Income	92.34M	81.52M	182.87M	393.97M	448.4M	503.47M	824.86M	662.15M	522.54M	731.38M
Depreciation & Amortization	47.14M	57.57M	44.63M	40.45M	54.38M	60.48M	63.76M	70.21M	81.46M	85.97M
Deferred Taxes	-2.58M	46.06M	118.13M	14.25M	0	0	0	0	0	0
Other Non-Cash Items	824.21M	964.67M	-22.64M	219.35M	190.73M	236.38M	300.94M	346.62M	205.72M	252.63M
Working Capital Changes	-1.39B	-768.5M	460.92M	-19.27M	-432.58M	640.38M	-8.9M	-277.19M	-450.65M	-298.67M
Cash from Investing+	-1.97B	-5.34B	-3.05B	-1.13B	42.4M	-1.47B	-7.27B	-3.97B	1.04B	-2.59B
Purchase of Investments	-105.34M	-3.67B	-3.1B	-2.22B	-1.17B	-1.72B	-4.04B	-1.53B	0	-3.54B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-604.66M	-51.04M	-7.22M	13.3M	-193.1M	36.72M	3.9M	-11.9M	-111.96M	-8.46M
Other Investing	-1.3B	-5.15B	-2.61B	-872.64M	-222.83M	-1.17B	-5.61B	-2.74B	1.21B	-1.55B
Cash from Financing+	2.36B	5.72B	1.76B	1.75B	-1.1B	1.2B	5.79B	3.19B	-254.58M	980.1M
Dividends Paid	0	-3.91M	-23.06M	-44.01M	-59.27M	-73.76M	-101.92M	-171.03M	-200.26M	-227.28M
Share Repurchases	-182.77M	0	-13M	-170.2M	-215.43M	-58.26M	-322.74M	-105.83M	-538.26M	-144.1M
Stock Issued	0	145.59M	0	0	154.99M	218M	290.89M	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	1000K	1000K
Other Financing	2.09B	-89.01M	-228.07M	-63.58M	-46.19M	-131.16M	-95.36M	-113.86M	416.36M	-121.92M
Net Change in Cash+	121.24M	175.15M	-199.08M	1.28B	-795.4M	1.18B	-302.55M	79.34M	1.29B	-845.65M
Exchange Rate Effect	-1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K	1000K	1000K	-1000K
Cash at Beginning	689.78M	811.02M	986.17M	787.09M	2.07B	1.27B	2.45B	2.15B	2.23B	3.52B
Cash at End	811.02M	986.17M	787.09M	2.07B	1.27B	2.45B	2.15B	2.23B	3.52B	2.68B
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	-331.63M	-290.91M	1.05B	564.32M	103.03M	1.37B	992.49M	719.47M	447.35M	697.51M
FCF Growth %	-2.48%	0.12%	4.62%	-0.46%	-0.82%	12.27%	-0.27%	-0.28%	-0.38%	0.56%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.84%	1.26%	1.25%	1.65%	3.15%	12.73%	17.4%	12.53%	9.84%	13.32%
Return on Assets (ROA)	0.81%	2.04%	47.48%	35.09%	3.37%	1.95%	2.7%	1.85%	1.39%	1.87%
Net Interest Margin	0%	0%	0%	0%	-0.34%	-0.19%	-0.12%	-0.15%	-0.22%	-2.44%
Efficiency Ratio	11.49%	12.11%	88.7%	61.76%	77.44%	67.88%	64.96%	65.64%	66.18%	32.65%
Equity / Assets	18.7%	3130.78%	4690.36%	1414.61%	14.77%	15.76%	15.28%	14.33%	13.93%	14.15%
Book Value / Share	21.15	168.18	203.39	207.06	31.13	37	44.24	45.33	46.67	51.24
NII Growth	-	-	-	-	-	40.03%	19.01%	-31.97%	-56.12%	-1048.08%
Dividend Payout	-	2.74%	8.56%	11.17%	-	-	-	-	38.33%	-

Revenue by Segment

	2023	2024
Asset Management	1.3B	1.54B
Asset Management Growth	-	18.25%
Investment Banking	731.25M	994.83M
Investment Banking Growth	-	36.04%
Commissions	673.6M	756.02M
Commissions Growth	-	12.24%
Product and Service, Other	5.28M	6.45M
Product and Service, Other Growth	-	22.08%

Revenue by Geography

	2023	2024
Americas	2.51B	3.07B
Americas Growth	-	22.55%
UNITED KINGDOM	152.13M	158.81M
UNITED KINGDOM Growth	-	4.39%
Other States	52.2M	53.77M
Other States Growth	-	3.01%
CANADA	40.03M	40.54M
CANADA Growth	-	1.25%

Frequently Asked Questions

Valuation & Price

Stifel Financial Corporation 5.20% Senior Notes due 2047 (SFB) has a price-to-earnings (P/E) ratio of 3.3x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Stifel Financial Corporation 5.20% Senior Notes due 2047 (SFB) grew revenue by 37.6% over the past year. This is strong growth.

Yes, Stifel Financial Corporation 5.20% Senior Notes due 2047 (SFB) is profitable, generating $663.4M in net income for fiscal year 2024 (12.3% net margin).

Dividend & Returns

Yes, Stifel Financial Corporation 5.20% Senior Notes due 2047 (SFB) pays a dividend with a yield of 9.99%. This makes it attractive for income-focused investors.

Stifel Financial Corporation 5.20% Senior Notes due 2047 (SFB) has a return on equity (ROE) of 13.3%. This is reasonable for most industries.

Industry Metrics

Stifel Financial Corporation 5.20% Senior Notes due 2047 (SFB) has a net interest margin (NIM) of -2.4%. NIM has been under pressure due to interest rate environment.

Stifel Financial Corporation 5.20% Senior Notes due 2047 (SFB) has an efficiency ratio of 32.7%. This is excellent, indicating strong cost control.

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