Stifel Financial Corp. reported a strong first quarter with record net revenues of $1.1 billion, a 24.3% increase year-over-year. Net income available to common shareholders was $164.7 million, or $1.40 per diluted common share, while non-GAAP net income was $176.4 million, or $1.50 per diluted common share. The company's performance was driven by record revenue in both Global Wealth Management and Institutional Group segments.
Record net revenues of $1.1 billion, increased 24.3% with the year-ago quarter.
Record net revenues in Global Wealth Management and Institutional Group segments.
Net income available to common shareholders of $164.7 million, or $1.40 per diluted common share.
Non-GAAP net income available to common shareholders of $176.4 million, or $1.50 per diluted common share.
Stifel is well positioned for another strong year, driven by a favorable operating environment and the benefits of a diverse business model.
Visualization of income flow from segment revenue to net income