---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-077888"
form_type: "8-K"
ticker: "SF"
cik: "0000720672"
company_name: "STIFEL FINANCIAL CORP"
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T19:38:23.798137+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-077888
- form_type: 8-K
- ticker: SF
- cik: 0000720672
- company_name: STIFEL FINANCIAL CORP
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/720672/000119312523077888/0001193125-23-077888-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720672/000119312523077888/d434031d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-077888
- JSON: https://secwatch.observer/filing/0001193125-23-077888.json
- Plain text: https://secwatch.observer/filing/0001193125-23-077888.txt

## Key facts
- Earnings Releases
  STIFEL FINANCIAL CORP updated its February 28, 2023 guidance (lowered).
  - Period: February 28, 2023
  - Guidance: lowered
  - Result: preliminary results
  source text: On March 23, 2023, Stifel Financial Corp. (the “Company”) issued a press release to disclose selected operating results for February 28, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/720672/000119312523077888/0001193125-23-077888-index.htm

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