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Dec 31, 2020
Stifel Q4 2020 Earnings Report
Stifel reported record fourth quarter and full-year results, marked by consecutive year of record net revenues and a significant increase in net income.
Key Takeaways
Stifel Financial Corp. reported record net income available to common shareholders of $180.8 million, or $1.55 per diluted common share, on record net revenues of $1.1 billion for the three months ended December 31, 2020. The company's performance was driven by higher brokerage revenues, an increase in capital raising and advisory fee revenues and asset management and service fees.
Record quarterly net revenues of $1.1 billion, an increase of 20.0% over the third quarter of 2020.
Record quarterly net income available to common shareholders of $180.8 million, or $1.55 per diluted common share.
Record non-GAAP net income available to common shareholders of $195.1 million, or $1.67 per diluted common share.
Record client assets of $357.4 billion, increased 8.5% compared with the year-ago quarter.
Revenue by Segment
Forward Guidance
Stifel entered 2021 with record recruiting and investment banking pipelines, record client assets, and more than $500 million of excess capital, driving optimism for 2021 and beyond.
Positive Outlook
- Record recruiting pipeline
- Record investment banking pipeline
- Record client assets
- More than $500 million of excess capital
- Long history of profitable growth
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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