Stifel Reports July 2026 Operating Data

Q: How did Stifel (NYSE: SF) total client assets perform as of July 31, 2026?

Stifel reported total client assets of $578,402 million, up 11% year-over-year and flat versus June 30, 2026. According to Stifel, this growth reflects strong markets and recruiting, with figures including the effect of the prior Stifel Independent Advisors sale disclosure.

Q: What were Stifel (SF) fee-based client assets and their growth in July 2026?

Fee-based client assets were $239,844 million as of July 31, 2026, a 15% increase year-over-year and unchanged versus June. According to Stifel, excluding the Stifel Independent Advisors sale, fee-based client assets rose approximately 17% year-over-year, supported by market performance and recruiting.

Q: How did Stifel (SF) bank loans and treasury deposits change in July 2026?

Bank loans, net, were $25,624 million, up 19% year-over-year and 3% from June 2026. Treasury deposits reached $11,501 million, increasing 59% year-over-year and 6% month-over-month. According to Stifel, treasury deposit growth reflects continued expansion in venture-related deposits.

Q: What happened to Stifel (NYSE: SF) client money market and insured product balances in July 2026?

Client money market and insured product balances were $24,062 million as of July 31, 2026, down 6% year-over-year and 5% from June. According to Stifel, the decline was primarily driven by lower sweep balances within these products during the month.

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

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Rhea-AI Summary

Stifel Financial (NYSE: SF) reported selected operating data as of July 31, 2026. Total client assets were $578,402 million, up 11% year-over-year and flat versus June 30, 2026. Fee-based client assets reached $239,844 million, a 15% year-over-year increase and unchanged month-over-month.

According to Stifel, after excluding the February 2026 sale of Stifel Independent Advisors, fee-based client assets and total client assets rose 17% and 13% year-over-year, aided by strong markets and recruiting. Bank loans, net, were $25,624 million, up 19% year-over-year and 3% versus June. Treasury deposits grew to $11,501 million, a 59% year-over-year and 6% monthly increase, reflecting growth in venture deposits. Client money market and insured product balances were $24,062 million, down 6% year-over-year and 5% from June, which Stifel attributed mainly to lower sweep balances. The company cautioned that these operating metrics do not consistently correlate with earnings.

Positive

Total client assets up 11% year-over-year to $578,402 million
Fee-based client assets up 15% year-over-year to $239,844 million
Bank loans, net up 19% year-over-year and 3% month-over-month to $25,624 million
Treasury deposits up 59% year-over-year and 6% month-over-month to $11,501 million
Ex-SIA sale, total and fee-based client assets up 13% and 17% year-over-year

Negative

Client money market and insured product balances down 6% year-over-year and 5% month-over-month to $24,062 million

Market Context

Current platform data showed low short positioning and net selling insider activity. Those external ...

Analysis

Current platform data showed low short positioning and net selling insider activity. Those external signals frame the July metrics with ownership and positioning risk; the company’s stated limitation on earnings correlation remains important context.

Key Figures

Fee-based client assets growth: 17% Total client assets growth: 13% Full-year loan guidance: $4 billion +5 more

8 metrics

Fee-based client assets growth 17% Year over year, excluding the SIA sale

Total client assets growth 13% Year over year, excluding the SIA sale

Full-year loan guidance $4 billion Full-year guidance management remained on track to reach

July loan growth More than 3% Month over month in July 2026

Treasury deposit increase More than $600 million Increase during July 2026

Money market balance decline 5% Decline during July 2026

Total client assets $578,402 million As of July 31, 2026

Fee-based client assets $239,844 million As of July 31, 2026

Historical Context

5 past events · Latest: Aug 05 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Aug 05	Dividend announcement	Positive	-1.1%	Quarterly common and preferred stock cash dividends were declared.
Jul 30	RIA ranking	Positive	+0.9%	Subsidiary 1919 Investment Counsel ranked No. 31 among more than 500 firms.
Jul 22	2Q26 earnings report	Positive	+2.2%	Second-quarter revenue, earnings, margins, and client assets increased year over year.
Jul 15	Earnings call scheduling	Neutral	-0.1%	Second-quarter results release and conference call were scheduled for July 22.
Jul 09	Advisor satisfaction ranking	Positive	+3.3%	Stifel ranked first in employee advisor satisfaction for the fourth consecutive year.

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

Pattern Detected

Positive announcements aligned with positive 24-hour reactions in three of four comparable events, while the dividend announcement and scheduling notice had negative reactions.

Key Terms

fund banking, sweep deposits, fee-based client assets

3 terms

fund banking financial

"led by continued strength in fund banking and residential mortgages"

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.

sweep deposits financial

"Includes Smart Rate deposits, Sweep deposits, Third-party Bank Sweep Program"

Sweep deposits are a bank or brokerage feature that automatically moves idle cash from a checking or brokerage account into short-term interest-earning accounts or investments overnight, then returns it when you need to spend or trade. For investors this is important because it boosts the return on idle cash without manual steps while preserving quick access, and the specific destination affects interest earned and the type of protection (like deposit insurance) your cash receives.

fee-based client assets financial

"Record fee-based client assets of $240 billion"

Money and investments that a financial firm manages for clients where the firm is paid a regular fee (often a percentage of the assets) rather than earning commissions on trades. Investors care because fee-based arrangements create steadier, predictable revenue for the firm and align its incentive to grow client portfolios over time, much like paying a gardener a steady wage to care for a garden rather than paying per plant trimmed.

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

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08/27/2026 - 04:15 PM

ST. LOUIS, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for July 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, “Record fee-based client assets of $240 billion and total client assets of $578 increased 17% and 13%, respectively, year-over-year after excluding the impact of the SIA sale. Growth was driven by strong markets and solid recruiting. We remain on track to reach our full year loan guidance of $4 billion. Total loans grew more than 3% in the month of July led by continued strength in fund banking and residential mortgages. Treasury deposits increased more than $600 million in July, reflecting continued growth in venture deposits. Client money market and insured product balances declined by 5% during the month, primarily due to lower sweep balances.”

Selected Operating Data (Unaudited)
	As of			% Change
(millions)	7/31/2026	7/31/2025⁽¹⁾	6/30/2026	7/31/2025	6/30/2026
Total client assets	$578,402	$522,303	$580,077	11%	(0%)
Fee-based client assets	$239,844	$209,084	$239,777	15%	0%
Private Client Group fee-based client assets	$209,901	$182,534	$210,049	15%	(0%)
Bank loans, net (includes loans held for sale)	$25,624	$21,605	$24,805	19%	3%
Client money market and insured product⁽²⁾	$24,062	$25,683	$25,398	(6%)	(5%)
Treasury deposits⁽³⁾	$11,501	$7,246	$10,839	59%	6%

(1)   Total client assets and Private Client Group fee-based client assets as of July 31, 2025, include $9.8 billion and $4.6 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

How did Stifel (NYSE: SF) total client assets perform as of July 31, 2026?

Stifel reported total client assets of $578,402 million, up 11% year-over-year and flat versus June 30, 2026. According to Stifel, this growth reflects strong markets and recruiting, with figures including the effect of the prior Stifel Independent Advisors sale disclosure.

What were Stifel (SF) fee-based client assets and their growth in July 2026?

Fee-based client assets were $239,844 million as of July 31, 2026, a 15% increase year-over-year and unchanged versus June. According to Stifel, excluding the Stifel Independent Advisors sale, fee-based client assets rose approximately 17% year-over-year, supported by market performance and recruiting.

How did Stifel (SF) bank loans and treasury deposits change in July 2026?

Bank loans, net, were $25,624 million, up 19% year-over-year and 3% from June 2026. Treasury deposits reached $11,501 million, increasing 59% year-over-year and 6% month-over-month. According to Stifel, treasury deposit growth reflects continued expansion in venture-related deposits.

What happened to Stifel (NYSE: SF) client money market and insured product balances in July 2026?

Client money market and insured product balances were $24,062 million as of July 31, 2026, down 6% year-over-year and 5% from June. According to Stifel, the decline was primarily driven by lower sweep balances within these products during the month.

How did the Stifel Independent Advisors sale affect Stifel (SF) asset growth figures?

As of July 31, 2025, Stifel Independent Advisors contributed $9.8 billion to total client assets and $4.6 billion to Private Client Group fee-based assets. According to Stifel, excluding this sold business, total and fee-based client assets rose 13% and 17% year-over-year by July 31, 2026.

Does Stifel’s July 2026 operating data directly indicate SF earnings trends?

Stifel cautioned that these July 31, 2026 operating metrics should not be assumed to correlate consistently with earnings. According to Stifel, the data are provided for timely insight into key balances, but they are limited and not a comprehensive earnings indicator.