earnings
confidence high
sentiment neutral
materiality 0.80
Stifel Q4 GAAP EPS $1.38 vs $1.43 y/y; Board hikes dividend 17% to $0.42
STIFEL FINANCIAL CORP
2023-FY EPS reported
$4.28
revenue$5,159,280,000
- Q4 net revenues $1.15B, up 2.2% YoY; GAAP net income $153.2M ($1.38 diluted EPS) vs $167.3M ($1.43) prior year.
- Full-year 2023 net revenues $4.35B (-1%); GAAP net income $485.3M ($4.28 EPS) vs $624.9M ($5.32) in 2022.
- Non-GAAP diluted EPS of $1.50 (Q4) and $4.68 (FY); pre-tax margin 18.0% GAAP, 19.4% non-GAAP.
- Board approved 17% dividend increase to $0.42/quarter starting Q1 2024; repurchased $141.1M of stock in Q4.
- Global Wealth Management record net revenues $766M (+3% YoY); Institutional Group pre-tax income collapsed to $7.8M from $44.5M.