secwatch.observer — SEC 8-K summary
======================================

Issuer:     STIFEL FINANCIAL CORP (SF)
CIK:        0000720672
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001193125-23-262249
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720672/000119312523262249/0001193125-23-262249-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720672/000119312523262249/d919742d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-262249

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer