Stifel Reports February 2025 Operating Data

Rhea-AI Summary

Stifel Financial Corp. (NYSE: SF) has reported its February 2025 operating results, showing significant growth in key metrics. Total client assets under management reached $506 billion, marking an 11% increase from February 2024, while fee-based client assets grew 14% to $196 billion.

CEO Ronald J. Kruszewski attributed the growth to stronger equity markets and the addition of highly productive financial advisors. Client money market and insured products experienced a slight decline of less than 1% from January, with modest increases in Sweep deposits offset by lower Smart Rate balances.

However, the company noted that market uncertainty and volatility have negatively impacted investment banking activity levels, projecting first quarter 2025 investment banking revenue to be comparable to Q1 2024 results.

Positive

• 11% YoY increase in total client assets under management to $506 billion
• 14% YoY growth in fee-based client assets to $196 billion
• Addition of highly productive financial advisors

Negative

• Investment banking activity levels negatively impacted by market uncertainty
• Q1 2025 investment banking revenue expected to remain flat year-over-year
• Slight decline in client money market and insured products

ST. LOUIS, March 27, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for February 28, 2025 in an effort 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 under management increased 11% in February to $506 billion and fee-based client assets rose 14% to $196 billion from the same period a year ago. Our growth continues to be driven by stronger equity markets and the addition of highly productive financial advisors. Client money market and insured products declined less than 1% from January, as modest increases in Sweep deposits were more than offset by lower Smart Rate balances. Despite our strong investment banking pipelines, market uncertainty and volatility in the quarter have negatively impacted activity levels. As such, we anticipate that our first quarter 2025 investment banking revenue will be similar to our first quarter 2024 results.”

Selected Operating Data (Unaudited)
	As of							% Change
(millions)	2/28/2025		2/29/2024		1/31/2025			2/29/2024		1/31/2025
Total client assets	$	506,475	$	457,925	$	509,671		11	%	(1	)%
Fee-based client assets	$	196,380	$	172,086	$	197,298		14	%	(0	)%
Private Client Group fee-based client assets	$	171,760	$	151,345	$	172,468		14	%	(0	)%
Bank loans, net (includes loans held for sale)	$	21,201	$	19,594	$	21,118		8	%	0	%
Client money market and insured product (1)	$	27,737	$	26,299	$	27,936		6	%	(1	)%

(1) Includes Smart Rate deposits, Sweep deposits, Third-party Bank Sweep Program, and Other Sweep cash.

Company Information

Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners and Miller Buckfire business divisions; Keefe, Bruyette & Woods, Inc.; and Stifel Independent Advisors, LLC; in Canada through Stifel Nicolaus Canada Inc.; and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit www.stifel.com/investor-relations/press-releases.

Media Contact: Neil Shapiro (212) 271-3447 | Investor Contact: Joel Jeffrey (212) 271- 3610 | www.stifel.com/investor-relations

FAQ

What is Stifel's (SF) total assets under management as of February 2025?

Stifel reported $506 billion in total client assets under management in February 2025, representing an 11% increase year-over-year.

How much did Stifel's (SF) fee-based client assets grow in February 2025?

Stifel's fee-based client assets grew 14% year-over-year to $196 billion in February 2025.

What is Stifel's (SF) outlook for Q1 2025 investment banking revenue?

Stifel expects Q1 2025 investment banking revenue to be similar to Q1 2024 due to market uncertainty and volatility impacting activity levels.

How did Stifel's (SF) client money market and insured products perform in February 2025?

Client money market and insured products declined less than 1% from January, with increases in Sweep deposits offset by lower Smart Rate balances.