Stifel Q1 GAAP EPS $1.28 vs $1.39 YoY; Wealth Management record revenue up 11%

STIFEL FINANCIAL CORP

2023-Q1 EPS reported $1.28 revenue$1,261,791,000

GAAP net income available to common $148.2M ($1.28 diluted EPS) vs $164.2M ($1.39) a year ago; Non-GAAP EPS $1.40.
Global Wealth Management net revenues $757.2M (record), up 11% YoY; pre-tax margin 41.7%.
Institutional Group net revenues $332.6M, down 23% YoY; pre-tax income $33.7M, down 65%.
Net interest income $281.9M, up 80% YoY; bank loans $20.9B, up 17%.
Dividend raised 20% to $0.36/share; $171.5M in share repurchases in Q1.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STIFEL FINANCIAL CORP reported the three months ended March 31, 2023 results: revenue $1.1 billion, net income $148.2 million, EPS $1.28 per diluted common share.

Period: the three months ended March 31, 2023
Revenue: $1.1 billion
Net income: $148.2 million
EPS: $1.28 per diluted common share
Result: reported results

Exact text from the filing

Stifel Financial Corp. (NYSE: SF) today reported net revenues of $1.1 billion for the three months ended March 31, 2023, compared with $1.1 billion a year ago. Net income available to common shareholders was $148.2 million, or $1.28 per diluted common share, compared with $164.2 million, or $1.39 per diluted common share for the first quarter of 2022.

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Source: SEC EDGAR

accession 0001193125-23-116742

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