STIFEL FINANCIAL CORP Q2 FY26 Results

Summary

Stifel Financial Corp. announced strong second quarter 2026 results, with net revenues reaching a record $1.45 billion, up 13% year-over-year. Net income available to common shareholders surged to $217.2 million ($1.34 per diluted share) from $145.7 million ($0.89 per diluted share) in the same period last year. The company highlighted significant growth in investment banking, with revenues up 42%, and record performance in Global Wealth Management, which saw revenues increase 13% to $956.5 million. Management expressed confidence in the company's strategic execution and its ability to navigate complex market conditions.

Key Highlights

1. 1

   Stifel Financial Corp. reported record net revenues of $1.45 billion for the second quarter of 2026, an increase from $1.28 billion in the prior year quarter.

2. 2

   Net income available to common shareholders was $217.2 million, or $1.34 per diluted common share, a significant increase from $145.7 million, or $0.89 per diluted common share, in the second quarter of 2025.

3. 3

   Non-GAAP net income available to common shareholders was $229.3 million, or $1.42 per diluted common share for the second quarter of 2026.

4. 4

   Investment banking revenues increased by 42% over the year-ago quarter, with capital raising revenues up 64% and advisory revenues up 24%.

5. 5

   Global Wealth Management reported record net revenues of $956.5 million for the quarter, up 13% year-over-year, with record client assets of $580.1 billion, up 12%.

6. 6

   Institutional Group net revenues increased to $480.7 million from $419.8 million in the prior year quarter, with investment banking revenues up 42%.

7. 7

   The company repurchased $177.0 million, or 2.4 million shares, of its outstanding common stock during the second quarter.