Stifel reports February client assets down 3% YoY; attracts $1.3B in deposits amid banking turmoil

STIFEL FINANCIAL CORP

Total client assets $401.3B (-3% YoY, -2% MoM); fee-based assets $148.0B (-4% YoY).
Estimates Q1 2023 investment banking revenue down 5-10% from Q4 2022 due to challenging conditions.
Attracted over $1.3B in additional bank deposits in last two weeks; 85% of total deposits FDIC insured.
Bank loans net $20.8B (+19% YoY); client money market balances $26.9B (-5% YoY).
CEO cites strong net new asset growth and recruiting but equity market declines hurt total assets.

item 7.01 item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

STIFEL FINANCIAL CORP updated its February 28, 2023 guidance (lowered).

Period: February 28, 2023
Guidance: lowered
Result: preliminary results

Exact text from the filing

On March 23, 2023, Stifel Financial Corp. (the “Company”) issued a press release to disclose selected operating results for February 28, 2023.

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

STIFEL FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001193125-23-077888

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.