Quarterly ResultJul 22, 2026, 07:02 AM
Stifel Q2 Net Revenue $1.45B, EPS $1.34; Investment Banking Up 42%
AI Summary
Stifel Financial Corp. reported strong second quarter 2026 results, with GAAP net revenues climbing 13.0% to $1.45 billion and GAAP net income available to common shareholders increasing 49.0% to $217.2 million. Diluted EPS reached $1.34, a 50.6% rise year-over-year. The growth was primarily fueled by a 42% increase in investment banking revenues and a 13% rise in asset management revenues, leading to record client assets of $580.1 billion. The company also returned capital to shareholders through $177.0 million in share repurchases and declared a quarterly dividend of $0.34 per common share.
Key Highlights
- Net revenues increased 13.0% year-over-year to $1.45 billion (GAAP) for Q2 2026.
- Net income available to common shareholders rose 49.0% to $217.2 million (GAAP).
- Diluted earnings per common share (GAAP) increased 50.6% to $1.34.
- Non-GAAP diluted EPS was $1.42, up 24.6% from the prior year.
- Investment banking revenues surged 42% year-over-year, driven by capital raising (+64%) and advisory (+24%).
- Asset management revenues grew 13% year-over-year, contributing to record client assets of $580.1 billion.
- Annualized return on tangible common equity (ROTCE) was 23.6%.
- The company repurchased $177.0 million of common stock, totaling 2.4 million shares.
Price Impact
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