Stifel Reports August 2026 Operating Data

The August 2025 asset comparisons include balances from a business Stifel sold in February 2026.

(Moderate)

(Positive)

Rhea-AI Summary

Stifel Financial (SF) reported August 2026 operating data, with total client assets at $587,622 million as of August 31.

Total client assets rose 10% from August 2025, while fee-based client assets increased 14% to $244,377 million. Bank loans, net, rose 18% to $25,637 million. Treasury deposits reached $12,344 million, up 61% year over year and 7% from July. Client money market and insured product balances fell 8% year over year and 3% from July, to $23,443 million.

Stifel expects third-quarter firm-wide net revenue to be essentially flat with the third quarter of 2025. The company expects Global Wealth Management growth to offset an approximately 15% decline in Institutional Group revenue, which it attributes mainly to lower transactional revenue and a modest decline in investment banking revenue. These selected, unaudited measures should not be assumed to correlate consistently with earnings.

Positive

Fee-based client assets up 14% year over year
Bank loans, net up 18% year over year
Treasury deposits up 61% year over year

Negative

Institutional Group revenue expected to fall roughly 15% in the third quarter

News Explained

Management separately cited total client assets up 12% and fee-based client assets up 17% year over year excluding SIA; the table reports 10% and 14%, while its footnote says prior-year total client assets and Private Client Group fee-based assets included SIA assets sold February 2, 2026.

Market Context

The prior July operating-data release had a recorded 24-hour share-price change of 0.61%, a single h...

Analysis

The prior July operating-data release had a recorded 24-hour share-price change of 0.61%, a single historical observation tied to the same monthly reporting series. That record does not establish how this August update will trade.

Key Figures

Total client assets: $587,622 million; up 10% year over year and 2% month over month Fee-based client assets: $244,377 million; up 14% year over year and 2% month over month Total client assets growth excluding SIA: 12% year over year +5 more

Total client assets: $587,622 million; up 10% year over year and 2% month over month; As of August 31, 2026; reported basis
Fee-based client assets: $244,377 million; up 14% year over year and 2% month over month; As of August 31, 2026; reported basis
Total client assets growth excluding SIA: 12% year over year; Management statement; August 2026
Fee-based client assets growth excluding SIA: 17% year over year; Management statement; August 2026
Treasury deposits: $12,344 million; up 61% year over year and 7% month over month; As of August 31, 2026
Client money market and insured product: $23,443 million; down 8% year over year and 3% month over month; As of August 31, 2026
Net revenue outlook: Essentially flat year over year; Third quarter 2026 versus third quarter 2025
Institutional Group net revenue outlook: Roughly 15% decline; Third quarter 2026; primarily reflects lower transactional revenue and a modest decline in investment banking revenue

Historical Context

1 past event · Latest: Aug 27

1 event

Aug 27
Operating data

24h Move

+0.6%

July report showed growth in client assets and treasury deposits alongside declines in money market balances

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

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

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09/24/2026 - 04:25 PM

ST. LOUIS, Sept. 24, 2026 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for August 31, 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, “Total client assets and fee-based client assets reached record highs, increasing 12% and 17% year over year, excluding SIA, supported by strong recruiting and market appreciation. Treasury deposits continued to grow, increasing 7% month over month, underscoring the strength of our diversified funding mix and more than offsetting declines in client money market and insured product balances. For the third quarter, we anticipate that firm-wide net revenue will be essentially flat with the third quarter of 2025 as strong growth in our Global Wealth Management segment will offset a roughly 15% decline in our Institutional Group, which primarily reflects lower transactional revenue and a modest decline in investment banking revenue. That said, we remain encouraged by the robust pipelines across our Institutional Group and continue to expect strong segment results in the second half of the year.”

Selected Operating Data (Unaudited)
	As of			% Change
(millions)	8/31/2026	8/31/2025 ⁽¹⁾	7/31/2026	8/31/2025	7/31/2026
Total client assets	$587,622	$532,742	$578,402	10%	2%
Fee-based client assets	$244,377	$213,635	$239,844	14%	2%
Private Client Group fee-based client assets	$214,193	$186,679	$209,901	15%	2%
Bank loans, net (includes loans held for sale)	$25,637	$21,646	$25,624	18%	0%
Client money market and insured product ⁽²⁾	$23,443	$25,436	$24,062	(8%)	(3%)
Treasury deposits ⁽³⁾	$12,344	$7,647	$11,501	61%	7%

(1)   Total client assets and Private Client Group fee-based client assets as of August 31, 2025, include $9.9 billion and $4.7 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 does Stifel Financial expect for third-quarter 2026 revenue?

Stifel expects firm-wide net revenue to be essentially flat with the third quarter of 2025. It expects growth in Global Wealth Management to offset a roughly 15% decline in Institutional Group revenue.

How does the Stifel Independent Advisors sale affect Stifel Financial's August asset comparisons?

Excluding Stifel Independent Advisors, total client assets rose 12% and fee-based client assets rose 17% year over year. Stifel sold the business on February 2, 2026. Its August 31, 2025, figures included $9.9 billion of that business's total client assets and $4.7 billion of its Private Client Group fee-based client assets.

Stifel Reports August 2026 Operating Data