NYSE:SF

Stifel Declares $0.34 Quarterly Common Dividend

Stifel Financial (NYSE: SF) declared a quarterly cash dividend of $0.34 per common share.

The dividend will be paid on December 15, 2026, to shareholders of record as of December 1.

Stifel also declared quarterly dividends on its Series B, Series C and Series D preferred shares. The payments equal approximately $0.390625, $0.3828125 and $0.28125 per depositary share, respectively.

The preferred dividends will also be paid on December 15 to shareholders of record on December 1.
Stifel Financial Corp. reported record full-year results for 2025, alongside an increased dividend and a stock split, reflecting strong momentum across its core businesses.

For the fourth quarter, Stifel posted net revenues of $1.56 billion, up from $1.36 billion a year earlier, driven mainly by higher investment banking and asset management revenues. Net income available to common shareholders rose to $255.0 million, or $2.31 per diluted share, compared with $2.09 a year ago. On a non-GAAP basis, diluted EPS increased to $2.63.

For the full year 2025, net revenues reached a record $5.53 billion, up from $4.97 billion in 2024. GAAP net income available to common shareholders was $646.5 million, or $5.87 per diluted share, while non-GAAP diluted EPS totaled $6.76. Performance was supported by a 26% increase in investment banking revenue, record asset management revenues up 11%, and record quarter-end client assets of $551.9 billion, up 10% year over year.

The firm also reported strong profitability metrics, including a non-GAAP pre-tax margin of 17.9% for the full year and a return on average tangible common equity of 21.0%, despite elevated legal provisions that weighed on results.

Stifel’s board approved an 11% increase in the common stock dividend beginning in the first quarter of 2026 and declared a three-for-two stock split, effective February 26, 2026. Management described 2025 as a record year for the company and expressed confidence in its ability to navigate market uncertainty while continuing to deliver for clients and shareholders.
Stifel Financial Corp. (NYSE: SF) will release its fourth quarter & full year 2025 financial results before the market opens on Wednesday, January 28, 2026. The company will host a conference call to review the results at 9:30 a.m. Eastern time that same day.
Stifel Financial Corp said that 101 of its wealth management teams have been named to Forbes’ 2026 Best-in-State Wealth Management Teams list. The annual ranking highlights about 6,150 top-performing teams nationwide and is based on research and evaluations conducted by SHOOK Research over a 12-month period ending March 31, 2025.

Stifel said the increased representation reflects the strength of its advisor culture and continued focus on client service. Management noted that recognition from Forbes underscores the firm’s ability to attract and support high-quality wealth management professionals across its national footprint.
Stifel Financial Corp. (NYSE: SF) announced on September 23, 2025, a significant expansion of its Venture Banking team, hiring a group of senior bankers formerly with Silicon Valley Bank to strengthen its presence in life sciences and healthcare. The new hires include Managing Directors Jackie Spencer, Anthony Flores, Milo Bissin, Julie Ebert, Timothy Lew, and Sam Subilia, along with Vice Presidents Tessa Dibble, Lindsey Seidner, and Ariana DaCruz. Collectively, the team brings decades of experience in venture banking, corporate finance, and advisory work across biotech, diagnostics, medical devices, and healthtech.

The move follows strong momentum at Stifel Bank’s Venture & Fund Banking unit, which has grown to more than 100 bankers, surpassed $10 billion in loan commitments, and more than doubled venture client deposits in the past year. Chairman and CEO Ronald J. Kruszewski said the expansion underscores Stifel’s commitment to the innovation ecosystem, particularly in healthcare and life sciences. Jackie Spencer noted that the sectors are at a critical inflection point, with artificial intelligence driving transformative opportunities.

Stifel has recently acted as joint bookrunner on four biopharma financings that raised $1.1 billion, including the first biopharma IPO in seven months. Alongside venture banking, the firm’s healthcare and life sciences work spans equity research, capital raising, M\&A advisory, and industry conferences.
Launny Steffens, a veteran of Merrill Lynch and co-founder of Spring Mountain Capital, will join Stifel as Vice Chairman of Asset Management. In this new role, he will work on expanding Stifel’s financial advisor network, strengthening its asset management business, and sourcing strategic investment banking opportunities.

Steffens spent 38 years at Merrill Lynch, where he led the Private Client Group through major growth, increasing assets under management from $200 billion in 1985 to about $1.6 trillion by 2000. After Merrill, he co-founded Spring Mountain Capital with Greg Ho, focusing on alternative asset investing.

As part of the move, Stifel will acquire over $1 billion in assets under management from Spring Mountain, with key investment professionals staying on. The deal is expected to close later in 2025.
Stifel Ranks No. 1 in J.D. Power Advisor Satisfaction Study for Third Consecutive Year

Stifel Financial Corp. (NYSE: SF) has once again earned the top spot in the J.D. Power 2025 U.S. Financial Advisor Satisfaction Study, marking its third consecutive year at No. 1. Stifel scored 819 out of 1,000, a 52-point increase from last year and 214 points above the industry average.

The firm also led in five of six individual categories: compensation, leadership and culture, operational support, products and marketing, and technology.

Chairman and CEO Ron Kruszewski called the recognition “a challenge to keep raising the bar,” while President Jim Zemlyak emphasized the firm’s culture of advisor support. Stifel currently employs about 2,340 advisors managing $517 billion in client assets as of June 30, 2025.
Stifel Signs Olympic Champion Kristen Faulkner as Brand Ambassador

Stifel Financial Corp. (NYSE: SF) announced the signing of Olympic gold medalist Kristen Faulkner as its newest brand ambassador. Faulkner made history at the 2024 Paris Olympics by winning gold in both the women’s individual road race and team pursuit in track cycling—becoming the first American woman to win both in a single Games.

Before her athletic success, Faulkner worked in venture capital at Bessemer Venture Partners and Threshold Ventures. Her unique path from finance to Olympic champion exemplifies Stifel’s motto: “Where Success Meets Success.”
In her ambassador role, Faulkner will support initiatives promoting financial wellness, appear in creative campaigns, and engage in community outreach. She joins a lineup of Stifel athletes that includes Mikaela Shiffrin, Jessie Diggins, and Alex Ferreira. Stifel is also a proud partner of the U.S. Ski Team, the St. Louis Cardinals, and other major sports entities.
Stifel Announces Retirement of Victor Nesi as Co-President and Head of Institutional Group; Joins Board of Directors

ST. LOUIS, June 11, 2025 – Stifel Financial Corp. (NYSE: SF) announced today that Victor Nesi, Co-President and Head of the Institutional Group, will retire from his executive roles effective July 1, 2025, after 16 years of service. Mr. Nesi will continue to contribute to the firm as a member of the Board of Directors.

“Victor has been instrumental in building the platform we have today,” said Ronald J. Kruszewski, Chairman and CEO. “The transformation of our Institutional Group under his guidance is one of the great success stories in our firm’s history.”

Since joining Stifel in 2009, Nesi oversaw the Institutional Group's revenue growth from $391 million to $2.2 billion at its peak, with investment banking revenue increasing 20x to a record $1.6 billion. In 2024, the Institutional Group reported $1.6 billion in revenue, more than four times its 2009 level.

Mr. Nesi’s retirement marks the end of a transformative era, but he leaves behind a seasoned leadership team and solid infrastructure designed for long-term success.

“It has been an honor and privilege to help grow Stifel into a premier full-service investment bank,” said Nesi. “I’m proud of what we’ve built and excited to continue supporting the firm in my new capacity on the Board.”

With a career spanning four decades, Nesi previously held senior roles at Merrill Lynch, Salomon Brothers, and Goldman Sachs, and practiced law at Shea & Gould.
Stifel Completes Acquisition of Bryan Garnier, Expanding European Investment Banking Reach

On June 2, 2025, Stifel Financial Corp. (NYSE: SF) finalized its acquisition of Bryan, Garnier & Co., a prominent independent European investment bank specializing in the technology and healthcare sectors. The merger enhances Stifel's capabilities in Europe and supports its goal of becoming the premier global investment bank for the middle market. Bryan Garnier, founded in 1996, provides M&A advisory, equity capital markets, and private placement services. The firm will be gradually rebranded as Stifel, with Co-Founder Olivier Garnier becoming Chairman of Stifel Europe. Combined, the firms have executed over 500 European tech and healthcare deals since 2020.