---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-194024"
form_type: "8-K"
ticker: "SF"
cik: "0000720672"
company_name: "STIFEL FINANCIAL CORP"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:32:25.735102+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Stifel Q2 net income down 17% to $125M; wealth management revenue record $758M, institutional pre-tax loss $12.9M

## Summary
- GAAP net income available to common shareholders $125M ($1.10/diluted), down 17.5% YoY from $151M ($1.29).
- Global Wealth Management net revenues a record $758M, up 9% YoY; net interest income up 42% to $277M.
- Institutional Group net revenues $276M, down 33% YoY; pre-tax loss $12.9M vs profit $73M a year ago.
- Recruited 46 financial advisors in Q2; total client assets $418B, up 11% YoY.
- Quarterly dividend maintained at $0.36/share; $86.8M of common stock repurchased during quarter.

## SEC filing metadata
- accession: 0001193125-23-194024
- form_type: 8-K
- ticker: SF
- cik: 0000720672
- company_name: STIFEL FINANCIAL CORP
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/720672/000119312523194024/0001193125-23-194024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720672/000119312523194024/d521864d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-194024
- JSON: https://secwatch.observer/filing/0001193125-23-194024.json
- Plain text: https://secwatch.observer/filing/0001193125-23-194024.txt

## Key facts
- Earnings Releases
  STIFEL FINANCIAL CORP reported financial results for the quarter ended June 30, 2023.
  - Period: the quarter ended June 30, 2023
  - Result: reported results
  source text: On July 26, 2023, Stifel Financial Corp. (“Stifel” or the “Company”) reported its financial results for the quarter ended June 30, 2023. A copy of the press release containing this information is attached as Exhibit 99.1 to this Report on Form 8-K.
  evidence_url: https://www.sec.gov/Archives/edgar/data/720672/000119312523194024/0001193125-23-194024-index.htm

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