Stifel Financial (NYSE: SF) reports April 2026 client asset, loan and deposit trends
Rhea-AI Filing Summary
Stifel Financial Corp. reported selected operating results for April 30, 2026, highlighting growth in client assets, loans, and treasury deposits. Management noted that these figures are limited indicators and should not be directly linked to full earnings.
Total client assets reached $568.9 billion, up 17% from April 30, 2025 and 6% from March 31, 2026. Fee-based client assets were $232.4 billion, rising 22% year over year and 6% sequentially, with Private Client Group fee-based assets matching that 22% annual and 6% quarterly growth.
Bank loans, net, increased to $23.4 billion, 9% above the prior year and 6% above March 31, 2026, reflecting stronger loan activity, including fund banking. Treasury deposits climbed to $11.1 billion, up 88% year over year and 7% sequentially, supported by strong venture banking growth, while client money market and insured product balances declined 4% year over year and 7% from March 31, 2026.
Positive
- None.
Negative
- None.
Insights
April metrics show broad balance-sheet and asset growth, with some mix shift.
Stifel’s April 30, 2026 snapshot shows solid expansion in client assets and lending. Total client assets of $568.9 billion and fee-based assets of $232.4 billion both posted double-digit year-over-year growth, helped by market appreciation and advisor recruiting.
On the balance-sheet side, bank loans, net, reached $23.4 billion, up 9% year over year, while Treasury deposits rose sharply to $11.1 billion, an 88% annual increase tied to venture banking. At the same time, client money market and insured balances fell, indicating a shift in where clients hold liquidity.
Because management cautions that these are limited operating metrics, the data mainly frames near-term business momentum rather than full profitability. Subsequent quarterly and annual reports will be needed to connect these asset and loan trends to revenue, margins, and net income performance.
8-K Event Classification
Key Figures
Key Terms
fee-based client assets financial
Private Client Group fee-based client assets financial
Treasury deposits financial
bank loans, net financial
venture banking financial
Earnings Snapshot
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 7.01 Regulation FD Disclosure.
On May 28, 2026, Stifel Financial Corp. (the “Company”) issued a press release to disclose selected operating results for April 30, 2026. A copy of the press release is attached as Exhibit 99.1 to this Report on Form 8-K, and is incorporated by reference.
The exhibit is being furnished pursuant to Item 2.02, and the information contained therein shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits. |
| Exhibit Number |
Description | |
| 99.1 | Press release dated May 28, 2026. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| STIFEL FINANCIAL CORP. (Registrant) | ||||||
| Date: May 28, 2026 | By: | /s/ James M. Marischen | ||||
| Name: | James M. Marischen | |||||
| Title: | Chief Financial Officer | |||||
3
Stifel Reports April 2026 Operating Data
ST. LOUIS, MO, May 28, 2026 – 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. |
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