Stifel Q3 GAAP EPS $0.52 vs $1.21 YoY; non-GAAP $0.60 hit by $0.58 legal accrual

STIFEL FINANCIAL CORP

2023-Q3 EPS reported $2.91 revenue$3,769,189,000

GAAP net income $58.8M ($0.52 diluted EPS) down from $141.8M ($1.21) YoY; non-GAAP EPS $0.60 vs $1.29.
Non-recurring legal accrual of $0.58/diluted share after-tax for SEC off-channel communications review.
Global Wealth net revenues $768.6M (+9.5% YoY); Institutional Group net revenues $256.9M (-24.3%) with pre-tax loss $27.8M.
Board authorized additional 10.0M share repurchase, total 14.2M shares remaining.
Net interest income up 17% YoY; recruited 36 financial advisors during quarter.

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 0.99

STIFEL FINANCIAL CORP reported the three months ended September 30, 2023 results: revenue $1.0 billion, net income $58.8 million, EPS $0.52 per diluted common share.

Period: the three months ended September 30, 2023
Revenue: $1.0 billion
Net income: $58.8 million
EPS: $0.52 per diluted common share
Result: reported results

Exact text from the filing

Stifel Financial Corp. (NYSE: SF) today reported net revenues of $1.0 billion for the three months ended September 30, 2023, compared with $1.0 billion a year ago. Net income available to common shareholders was $58.8 million, or $0.52 per diluted common share, compared with $141.8 million, or $1.21 per diluted common share for the third quarter of 2022.

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Source: SEC EDGAR

accession 0001193125-23-262249

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