Stifel Financial Corp. reported net revenues of $1.0 billion for Q3 2022, compared to $1.1 billion a year ago. Net income available to common shareholders was $141.8 million, or $1.21 per diluted common share, compared to $182.7 million, or $1.54 per diluted common share for Q3 2021. Non-GAAP net income available to common shareholders was $150.8 million, or $1.29 per diluted common share for Q3 2022.
Net revenues reached $1.0 billion, driven by higher net interest income.
Non-GAAP net income available to common shareholders was $1.29 per share.
Net interest income saw a record increase, up 85% year-over-year.
The company recruited 36 financial advisors during the quarter.
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