Stifel Reports January 2026 Operating Data
Rhea-AI Summary
Stifel (NYSE: SF) reported selected operating data as of January 31, 2026. Key metrics: total client assets $561.1B (+10% YoY), fee-based client assets $229.4B (+16% YoY), Private Client Group fee-based assets $201.4B (+17% YoY), and treasury deposits $9.1B (+70% YoY).
The company noted modest seasonality in money market balances and bank loans; limited data means direct correlation to earnings should not be assumed.
Positive
- Total client assets $561.1B, +10% year-over-year
- Fee-based client assets $229.4B, +16% year-over-year
- Private Client Group fee-based assets $201.4B, +17% year-over-year
- Treasury deposits $9.1B, +70% year-over-year
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
SF gained 1.79% while key peers like JEF, EVR, HLI, and TW were modestly negative; only LPLA was notably higher, pointing to a stock-specific reaction rather than a broad capital markets move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 28 | Earnings & capital actions | Positive | -0.1% | Record 2025 revenues, higher dividend, and three-for-two stock split announcement. |
| Jan 27 | Stock split & dividends | Positive | -0.1% | Three-for-two stock split and 11% common dividend increase with preferred dividends. |
| Jan 21 | Earnings call scheduled | Neutral | +1.7% | Announcement of Q4 and FY 2025 results release and investor conference call details. |
| Jan 21 | Hiring & AUM update | Positive | +1.5% | 1919 Investment Counsel senior hires and disclosure of $26.0B in assets under management. |
| Dec 18 | Monthly operating data | Positive | +2.0% | November 2025 operating data with strong fee-based assets and treasury deposit growth. |
Operating-data and growth-oriented updates have often seen modest positive reactions, while capital actions like splits and dividend changes have recently shown slight negative divergences.
Over the last few months, SF highlighted several growth and capital actions. The company reported record FY 2025 net revenues of $5.53 billion and raised its common dividend while declaring a three-for-two stock split on Jan 28, 2026. Earlier, it announced the split and dividend details, scheduled its Q4/FY 2025 call, and expanded 1919 Investment Counsel’s team, which manages about $26.0 billion in assets. A prior November 2025 operating update cited strong fee-based assets and treasury deposits. Today’s January 2026 operating metrics continue that theme of rising client assets and deposits.
Market Pulse Summary
This announcement highlights record total client assets of $561,061 million and fee-based assets of $229,423 million, with strong year-over-year growth in treasury deposits and advisory balances. At the same time, client money market and insured balances fell 7% year over year and slightly from year-end, and bank loans edged down from December. In context of prior monthly updates and record 2025 results, investors may track how these mix shifts influence net interest income and fee revenues in future quarters.
AI-generated analysis. Not financial advice.
ST. LOUIS, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for January 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, “In January, total client assets and fee-based client assets reached record levels, increasing
| Selected Operating Data (Unaudited) | |||||||||||
| As of | % Change | ||||||||||
| (millions) | 1/31/2026 | 1/31/2025 | 12/31/2025 | 1/31/2025 | 12/31/2025 | ||||||
| Total client assets | $561,061 | 10 | % | 2 | % | ||||||
| Fee-based client assets | $229,423 | 16 | % | 2 | % | ||||||
| Private Client Group fee-based client assets | $201,396 | 17 | % | 2 | % | ||||||
| Bank loans, net (includes loans held for sale) | $22,311 | 6 | % | (1 | )% | ||||||
| Client money market and insured product(1) | $25,911 | (7 | )% | (3 | )% | ||||||
| Treasury deposits(2) | $9,139 | 70 | % | (1 | )% | ||||||
(1) Includes Smart Rate deposits, Sweep deposits, Third-party Bank Sweep Program, and Other Sweep cash.
(2) Includes Other Bank deposits and Third-party Commercial Treasury deposits, which represent Venture, Fund, and Commercial deposits at Stifel Bancorp and third-party banks.
Company Information
Stifel Financial Corp. (NYSE: SF) is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services to individuals, institutions, and municipalities. Founded in 1890 and headquartered in St. Louis, Missouri, the firm operates more than 400 offices across the United States and in major global financial centers. As a firm where success meets success, Stifel works closely with retail and institutional clients aiming to transform opportunities into achievement. 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 were Stifel (SF) total client assets as of January 31, 2026?
How large were Stifel (SF) fee-based client assets on January 31, 2026 and why does it matter?
What change did Stifel (SF) report for Private Client Group fee-based assets in January 2026?
Why did Stifel (SF) treasury deposits increase 70% year-over-year by January 31, 2026?
Did Stifel (SF) report any notable declines in January 2026 operating data?
Should investors treat the January 31, 2026 operating data as equivalent to earnings for Stifel (SF)?
