Stifel Financial Corp (SF)
NYSE:SF
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.35Last Year’s EPS
1.14Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operating and financial beats: record revenue, higher EPS, robust investment banking and wealth management results, improved margins and a solid capital position. Most operational challenges were either one‑time items (SIA sale, prior legal accrual) or manageable headwinds (modest NII shortfall, deposit and sweep volatility, European restructuring). Management expressed caution about macro and geopolitical uncertainty and flagged potential long‑term structural risks (agentic AI and sweep cash optimization), but emphasized diversified franchise strength, disciplined lending, and confidence in 2026 guidance and capital flexibility.Company Guidance
Record Quarterly Revenue and Strong YoY Growth
Net revenues of $1.48 billion, up 18% year‑over‑year; excluding the nonrecurring SIA sale gain, revenue grew 15%. Non‑GAAP revenues were $1.44 billion, in line with consensus.
Significant EPS Improvement
GAAP EPS of $1.48 and non‑GAAP EPS of $1.45 versus $0.33 a year ago; adjusting for the prior year $180 million legal accrual, EPS increased roughly 32% on a comparable basis.
High Return on Tangible Equity
Annualized return on tangible equity was nearly 25%, indicating strong returns on capital.
Strong Profitability and Margin Expansion
Firm‑wide pretax margin exceeded 22%; Institutional pretax margin was nearly 20%, an improvement of approximately 1,300 basis points year‑over‑year, reflecting revenue growth and international restructuring benefits.
Global Wealth Management Record Quarter
Global Wealth Management net revenue of $932 million — the strongest Q1 in company history. Total client assets reached $539 billion with $220 billion fee‑based; asset management revenue rose 12% year‑over‑year.
Institutional Business Delivered Record Results
Institutional revenue of $495 million, up 29% year‑over‑year. Investment banking revenue $341 million (up 44% YoY); advisory revenue increased 59% to $218 million. Equity capital raising and fixed income underwriting showed strength ($67M and $50M respectively).
Controlled Expense Base and Improved Efficiency
Comp ratio improved to 57.5% (from 58% prior year). Non‑compensation expenses were $293 million (up 8% YoY excluding 2025 legal accrual); operating non‑comp ratio was 19% at midpoint guidance.
Strong Capital Position and Share Repurchases
Tier 1 leverage ratio of 11.4% and Tier 1 risk‑based capital ratio of 18.7%; approximately $560 million of excess capital (based on a 10% leverage target). Repurchased 2.8 million shares in the quarter with 10.2 million shares remaining under authorization.
Positive Funding/Deposit Momentum and Bank Growth Guidance
Client cash balances and third‑party treasury deposits increased (sweep +$670M, third‑party money funds +$200M, non‑wealth client funding +$1.2B). Management maintains full‑year asset growth guidance of up to $4.0 billion and Q2 net interest income guidance of $280M–$290M.
Prudent Credit and CLO Positioning
CLO holdings of ~$6.8 billion with ~62% AAA, blended credit enhancement ~32%; stress testing shows strong buffers and broad manager diversification (nearly 100 CLO managers). Software loan exposure is ~ $500 million on a $43 billion balance sheet (not material).
SF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 22, 2026 | $82.27 | $77.37 | -5.96% |
Jan 28, 2026 | $83.84 | $83.77 | -0.08% |
Oct 22, 2025 | $74.29 | $77.14 | +3.84% |
Jul 30, 2025 | $72.49 | $75.12 | +3.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Stifel Financial Corp (SF) report earnings?
Stifel Financial Corp (SF) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is Stifel Financial Corp (SF) earnings time?
Stifel Financial Corp (SF) earnings time is at Jul 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SF EPS forecast?
SF EPS forecast for the fiscal quarter 2026 (Q2) is 1.35.