earnings
confidence high
sentiment positive
materiality 0.75
Jefferies Q1 net earnings $156M, EPS $0.70; IB & equities hit records
Jefferies Financial Group Inc.
2026-Q1 EPS reported
$0.70
revenue$2,871,265,000
- Net earnings attributable to common shareholders $155.7M ($0.70 diluted EPS), up from $0.57 in Q1 2025.
- Investment banking net revenues $1.02B, up 45% YoY; Equities net revenues $558M, up 37% - both first-quarter records.
- Board declared $0.40 quarterly dividend payable May 29; repurchased 3.0M shares for $174M; buyback authorization increased to $250M.
- Non-cash goodwill write-down of $36M after-tax for Tessellis sale; direct First Brands exposure now zero.
- Return on adjusted tangible equity 10.9% vs 8.0% prior year; book value $51.91; adjusted tangible book $34.24.