Stifel Reports April 2026 Operating Data

Stifel Financial (NYSE: SF) reported unaudited operating data as of April 30, 2026.

(Neutral)

(Very Positive)

Rhea-AI Summary

Stifel Financial (NYSE: SF) reported unaudited operating data as of April 30, 2026. Total client assets were $568,887 million, up 17% year over year and 6% from March 31, 2026.

Fee-based client assets rose 22% year over year to $232,400 million, bank loans grew 9% to $23,409 million, and treasury deposits increased 88% to $11,116 million. Client money market and insured balances declined.

Positive

Total client assets up 17% YoY and 6% sequentially to $568,887 million
Fee-based client assets up 22% YoY and 6% sequentially to $232,400 million
Private Client Group fee-based assets up 22% YoY to $202,919 million
Bank loans up 9% YoY and 6% sequentially to $23,409 million
Treasury deposits up 88% YoY and 7% sequentially to $11,116 million
Loan balances increased by more than $1.2 billion in April 2026

Negative

Client money market and insured product balances down 4% YoY and 7% sequentially to $25,038 million
Company notes limited April operating data should not be assumed to correlate consistently to earnings

Argus May 29 session

-0.28% close to close Open Argus

Details

News Market Reaction – SF

In the May 29 session, SF declined 0.28%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights continued growth in SF’s platform, with total and fee-based client asse...

Analysis

This announcement highlights continued growth in SF’s platform, with total and fee-based client assets, treasury deposits, and bank loans all higher as of April 30, 2026. Management attributes gains to market appreciation, advisor recruiting, and strong venture and fund banking activity, while noting seasonal softness in client money market and insured products. Investors may track how these operating trends connect to future earnings reports, especially the sustainability of loan growth and deposit mix across treasury and sweep products.

Key Figures

Total client assets: $568,887M Fee-based client assets: $232,400M PCG fee-based assets: $202,919M +5 more

Total client assets: $568,887M; As of 4/30/2026; up 17% YoY and 6% vs 3/31/2026
Fee-based client assets: $232,400M; As of 4/30/2026; up 22% YoY and 6% vs 3/31/2026
PCG fee-based assets: $202,919M; Private Client Group fee-based assets as of 4/30/2026; up 22% YoY
Bank loans, net: $23,409M; As of 4/30/2026; up 9% YoY and 6% vs 3/31/2026
Client money market & insured: $25,038M; As of 4/30/2026; down 4% YoY and 7% vs 3/31/2026
Treasury deposits: $11,116M; As of 4/30/2026; up 88% YoY and 7% vs 3/31/2026
Loan growth in April: >$1.2B; CEO commentary on April loan growth as fund banking activity rose
Client asset growth ex-sale: 19% / 25%; Total and fee-based client assets YoY growth excluding sale of Stifel Independent Advisors

Historical Context

5 past events · Latest: May 05

5 events

May 05
Platform expansion

24h Move

+1.8%

Launch of Project Finance platform to expand energy and infrastructure capabilities.
May 01
Dividend declaration

24h Move

-0.9%

Quarterly cash dividends declared on common and preferred stock.
Apr 22
Quarterly earnings

24h Move

-4.1%

Stronger 1Q26 revenues and earnings driven by multiple business lines.
Apr 16
Earnings call setup

24h Move

+1.9%

Scheduled release and call details for 1Q26 financial results.
Apr 09
Senior hire

24h Move

+0.3%

Hiring of senior TMT equity sales MD to bolster equities platform.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

treasury deposits, fund banking

2 terms

treasury deposits financial

"Treasury Deposits increased by 7% in April as venture banking delivered strong growth"

Treasury deposits are cash that a government’s finance office or a company’s treasury team keeps in bank accounts or very short-term safe instruments to manage day-to-day bills and reserves. Think of it like the checking and savings accounts a household uses to pay rent and cover emergencies; for investors, the size and location of these deposits indicate liquidity, short-term safety, and how much money is parked with particular banks, which can affect credit and counterparty risk.

fund banking financial

"Loan growth also strengthened in April, increasing more than $1.2 billion as fund banking activity rose significantly."

Fund banking describes specialized banking and credit services tailored to investment funds—such as private equity, venture capital, or hedge funds—including deposit and custodial accounts, short-term loans against a fund’s assets or promised investor commitments, and day-to-day cash management. Investors care because these services determine how quickly a fund can act on opportunities, smooth out cash shortfalls, and protect value; like a bridge loan that keeps a project moving until longer-term money arrives, fund banking affects liquidity and potential returns.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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05/28/2026 - 04:15 PM

ST. LOUIS, May 28, 2026 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for April 30, 2026, to provide timely information to investors on certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.

Ronald J. Kruszewski, Chairman and Chief Executive Officer, said, “Excluding the sale of Stifel Independent Advisors, LLC, total and fee-based client assets rose 19% and 25% year over year, respectively, driven by market appreciation and continued success in recruiting productive financial advisors. Treasury Deposits increased by 7% in April as venture banking delivered strong growth, helping to partially offset seasonal declines in client money market and insured product balances. Loan growth also strengthened in April, increasing more than $1.2 billion as fund banking activity rose significantly.”

Selected Operating Data (Unaudited)
	As of			% Change
(millions)	4/30/2026	4/30/2025⁽¹⁾	3/31/2026	4/30/2025	3/31/2026
Total client assets	$568,887	$485,551	$538,717	17%	6%
Fee-based client assets	$232,400	$190,545	$219,863	22%	6%
Private Client Group fee-based client assets	$202,919	$166,029	$191,708	22%	6%
Bank loans, net (includes loans held for sale)	$23,409	$21,536	$22,185	9%	6%
Client money market and insured product⁽²⁾	$25,038	$26,073	$26,940	(4%)	(7%)
Treasury deposits⁽³⁾	$11,116	$5,904	$10,428	88%	7%

(1) Total client assets and Private Client Group fee-based client assets as of April 30, 2025, include $9.0 billion and $4.2 billion, respectively, of client assets from the Stifel Independent Advisors business that was sold on February 2, 2026.
(2) Includes Smart Rate deposits, Sweep deposits, Third-party Bank Sweep Program, and Other Sweep cash.
(3) Includes Other Bank deposits and Third-party Commercial Treasury deposits, which represent Venture, Fund, and Commercial deposits at Stifel Bancorp and third-party banks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What operating results did Stifel (SF) report for April 30, 2026?

Stifel reported selected unaudited operating data as of April 30, 2026. According to Stifel, total client assets reached $568,887 million, fee-based client assets were $232,400 million, and bank loans totaled $23,409 million, reflecting year-over-year and sequential growth.

How did Stifel’s total and fee-based client assets change year over year in April 2026 (SF)?

Stifel reported higher total and fee-based client assets year over year in April 2026. According to Stifel, total client assets rose 17% to $568,887 million, while fee-based client assets increased 22% to $232,400 million compared with April 30, 2025.

What was the trend in Stifel’s bank loans and loan growth in April 2026 (SF)?

Stifel’s bank loans increased in April 2026. According to Stifel, bank loans, net, were $23,409 million, up 9% year over year and 6% from March 31, 2026, with loan growth in April exceeding $1.2 billion as fund banking activity rose.

How did Stifel’s treasury deposits and money market balances change by April 30, 2026 (SF)?

Stifel saw strong growth in treasury deposits but declines in money market balances. According to Stifel, treasury deposits were $11,116 million, up 88% year over year, while client money market and insured product balances fell to $25,038 million, down 4% year over year.

Can investors use Stifel’s April 2026 operating data (SF) as a direct indicator of earnings?

Stifel cautions against assuming a consistent link between these metrics and earnings. According to Stifel, the April 30, 2026 data are limited operating results, and investors are advised not to assume a reliable correlation to future or current earnings performance.

How did the sale of Stifel Independent Advisors affect year-over-year asset comparisons for SF?

The sale affected 2025 comparison figures for client assets. According to Stifel, April 30, 2025 totals include $9.0 billion of total client assets and $4.2 billion of Private Client Group fee-based assets from Stifel Independent Advisors, which was sold on February 2, 2026.

Stifel Reports April 2026 Operating Data