Stifel Financial ( (SF) ) has released its Q1 earnings. Here is a breakdown of the information Stifel Financial presented to its investors.
Stifel Financial Corp. is a financial services holding company based in St. Louis, Missouri, providing a range of banking, securities, and financial services through its subsidiaries, including brokerage, investment banking, and advisory services.
In its first-quarter 2025 earnings report, Stifel Financial Corp. announced record net revenues of $1.26 billion, marking the highest first-quarter revenue in its history. Despite market volatility and a significant legal charge, the company experienced year-over-year growth across all revenue lines, driven by its Global Wealth Management and Institutional Group divisions.
Key financial highlights include a 7.9% increase in net revenues compared to the previous year, with asset management revenues up by 11% and advisory revenues increasing by 15%. However, net income available to common shareholders fell significantly to $43.7 million from $154.3 million a year ago, largely due to elevated provisions for legal matters. The company also recruited 52 financial advisors during the quarter, enhancing its advisory capabilities.
Despite the challenges, Stifel’s Global Wealth Management division reported net revenues of $850.6 million, an 8% increase from the previous year, while the Institutional Group saw an 11% rise in investment banking revenues. The company also repurchased $210.9 million of its common stock and declared a quarterly dividend of $0.46 per share.
Looking ahead, Stifel Financial remains optimistic about its long-term growth prospects, emphasizing the resilience of U.S. financial markets and the value of its advice-driven model during uncertain times.