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Mar 31, 2023
Stifel Q1 2023 Earnings Report
Stifel reported a stable revenue and a decrease in net income, with Global Wealth Management achieving record results.
Key Takeaways
Stifel Financial Corp. reported net revenues of $1.1 billion for Q1 2023, consistent with the previous year. Net income available to common shareholders was $148.2 million, a decrease from $164.2 million in Q1 2022. The company highlighted strong performance in Global Wealth Management and a stable balance sheet.
Net revenues remained stable at $1.1 billion, driven by higher net interest income.
Non-GAAP net income available to common shareholders was $1.40 per diluted share.
Net interest income increased by $140.6 million, representing a 90% increase year-over-year.
Global Wealth Management achieved record results.
Revenue by Segment
Forward Guidance
Although the market outlook remains uncertain, Stifel is confident that the diversity of its business model and conservative approach will enable it to continue to generate strong results in ever-changing market conditions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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