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Sep 30, 2023
Stifel Q3 2023 Earnings Report
Stifel reported a solid quarter despite challenging market conditions, with net revenues of $1.0 billion and non-GAAP EPS of $0.60, impacted by non-recurring legal accruals.
Key Takeaways
Stifel Financial Corp. reported net revenues of $1.0 billion for Q3 2023, consistent with the previous year. Net income was $58.8 million, or $0.52 per diluted share, compared to $141.8 million, or $1.21 per diluted share in Q3 2022. Non-GAAP net income was $67.4 million, or $0.60 per diluted share. The results were impacted by non-recurring legal accruals of $0.58 per diluted share after tax.
Net revenues reached $1.0 billion amidst a challenging environment.
Non-GAAP EPS was $0.60, impacted by legal and regulatory provisions of $0.58 per diluted share.
Net interest income increased by $40.2 million, a 17% rise year-over-year.
The company recruited 36 financial advisors, including 24 experienced employee advisors.
Revenue by Segment
Forward Guidance
Although the near-term environment remains uncertain, Stifel remains well positioned to generate stable returns and strong growth as the market improves.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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