secwatch.observer — SEC 8-K summary
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Issuer:     STIFEL FINANCIAL CORP (SF)
CIK:        0000720672
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001193125-24-013562
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stifel Q4 GAAP EPS $1.38 vs $1.43 y/y; Board hikes dividend 17% to $0.42
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720672/000119312524013562/0001193125-24-013562-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720672/000119312524013562/d720720d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-013562

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