---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-262249"
form_type: "8-K"
ticker: "SF"
cik: "0000720672"
company_name: "STIFEL FINANCIAL CORP"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T12:17:13.890749+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-262249
- form_type: 8-K
- ticker: SF
- cik: 0000720672
- company_name: STIFEL FINANCIAL CORP
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/720672/000119312523262249/0001193125-23-262249-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720672/000119312523262249/d919742d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-262249
- JSON: https://secwatch.observer/filing/0001193125-23-262249.json
- Plain text: https://secwatch.observer/filing/0001193125-23-262249.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/720672/000119312523262249/0001193125-23-262249-index.htm

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