---
schema_version: "secwatch.filing_event.v1"
accession: "0000096223-23-000013"
form_type: "8-K"
ticker: "JEF"
cik: "0000096223"
company_name: "Jefferies Financial Group Inc."
filed_at: "2023-03-28T23:59:59+00:00"
generated_at: "2026-06-17T14:12:16.146648+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Jefferies Q1 net earnings $134M ($0.54/diluted), down 59% YoY; rev $1.28B

## Summary
- Net earnings $134M vs $327M YoY; diluted EPS $0.54 vs $1.23; rev $1.28B (-24% YoY).
- Investment Banking rev $568M; Capital Markets rev $639M (4th highest quarter) up 33% YoY.
- Annualized return on adj. tangible equity 7.1%; quarterly dividend $0.30/share, payable May 26.
- Completed distribution of Vitesse Energy shares ($527M); repurchased 2.6M shares for $98M.
- Effective tax rate 18.2% vs 16.4% YoY; book value $41.77/share; tangible book $31.51.

## SEC filing metadata
- accession: 0000096223-23-000013
- form_type: 8-K
- ticker: JEF
- cik: 0000096223
- company_name: Jefferies Financial Group Inc.
- filed_at: 2023-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/96223/000009622323000013/0000096223-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/96223/000009622323000013/jef-20230328.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000096223-23-000013
- JSON: https://secwatch.observer/filing/0000096223-23-000013.json
- Plain text: https://secwatch.observer/filing/0000096223-23-000013.txt

## Key facts
- Earnings Releases
  Jefferies Financial Group Inc. reported the quarter ended February 28, 2023 results: revenue $1.28 billion, net income $134 million, EPS $0.54 per diluted share.
  - Period: the quarter ended February 28, 2023
  - Revenue: $1.28 billion
  - Net income: $134 million
  - EPS: $0.54 per diluted share
  - Result: reported results
  source text: Q1 Financial Highlights • Net earnings attributable to common shareholders of $134 million, or $0.54 per diluted share • Annualized return on adjusted tangible equity of 7.1% 1 • Total net revenues of $1.28 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/96223/000009622323000013/0000096223-23-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.