STIFEL FINANCIAL CORP reported second-quarter 2026 results with revenue of $1.45B and diluted EPS of $1.34, driven by strength in investment banking, asset management and net interest income as net income available to common shareholders rose to $217.2M.

Financial Highlights

• Revenue was $1.451B, compared with $1.284B in the prior-year quarter; YoY change 13%.
• Net income was $217.2M, compared with $145.7M in the prior-year quarter; YoY change 49%.
• Diluted EPS was $1.34, compared with $0.89 in the prior-year quarter; YoY change 50.6%.

Business Highlights

• Revenue growth: Net revenues rose 13.0% in Q2 and 15.3% year-to-date, led by investment banking, asset management, commissions and net interest income.
• Client and channel momentum: Client assets increased 12.3% to $580B, with fee-based assets up 16.2%, reflecting strong advisor recruiting and net new asset growth.
• Capital markets: Investment banking revenue surged about 42% for both the quarter and year-to-date, with equity capital-raising more than doubling year-over-year in Q2.
• Operations and staffing: Compensation expense rose due to higher variable pay, but operating leverage improved as compensation as a percentage of revenues declined.
• Strategic milestone: The company sold Stifel Independent Advisors in February 2026, recording a $47.3M gain and accelerating advisor channel integration.

Original SEC Filing: STIFEL FINANCIAL CORP [ SF ] - 10-Q - Aug. 05, 2026