Stifel posts April 2026 client asset and loan growth

Stifel posts April 2026 client asset and loan growth

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Earnings Snapshot

What operating metrics did Stifel Financial (SF) report for April 2026?

How did Stifel Financial’s total client assets change year over year?

What growth did Stifel Financial (SF) see in fee-based client assets?

How did Stifel’s bank loans and Treasury deposits perform in April 2026?

What happened to Stifel Financial’s client money market and insured product balances?

Does Stifel Financial’s April 2026 data predict its earnings results?

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Press Releases

Stifel Financial Corp. reported selected operating results for April 30, 2026, highlighting growth in client assets, loans, and treasury deposits.

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(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

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.

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.

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Total client assets: $568.9B Fee-based client assets: $232.4B Private Client Group fee-based assets: $202.9B +3 more

6 metrics

Total client assets $568.9B As of April 30, 2026; up 17% YoY and 6% vs March 31, 2026

Fee-based client assets $232.4B As of April 30, 2026; up 22% YoY and 6% sequentially

Private Client Group fee-based assets $202.9B As of April 30, 2026; up 22% YoY and 6% sequentially

Bank loans, net $23.4B As of April 30, 2026; up 9% YoY and 6% sequentially

Client money market and insured product balances $25.0B As of April 30, 2026; down 4% YoY and 7% sequentially

Treasury deposits $11.1B As of April 30, 2026; up 88% YoY and 7% sequentially

fee-based client assets, Private Client Group fee-based client assets, Treasury deposits, bank loans, net, +1 more

5 terms

fee-based client assets financial

"Fee-based client assets were $232,400 million as of April 30, 2026."

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.

Private Client Group fee-based client assets financial

"Private Client Group fee-based client assets were $202,919 million at April 30, 2026."

Treasury deposits financial

"Treasury deposits increased by 7% in April as venture banking delivered strong growth."

Treasury deposits are cash that a government’s finance office or a company’s treasury team keeps in bank accounts or very short-term safe instruments to manage day-to-day bills and reserves. Think of it like the checking and savings accounts a household uses to pay rent and cover emergencies; for investors, the size and location of these deposits indicate liquidity, short-term safety, and how much money is parked with particular banks, which can affect credit and counterparty risk.

bank loans, net financial

"Bank loans, net (includes loans held for sale) were $23,409 million at April 30, 2026."

venture banking financial

"Treasury Deposits increased by 7% in April as venture banking delivered strong growth."

Venture banking is a specialized form of banking that provides loans, cash management and financial services tailored to startups and the investors who back them. Think of it as a bank that understands early-stage companies’ needs and can extend non-dilutive capital or credit against investor support, which matters to investors because it can extend a company’s runway, reduce the need for immediate equity raises and influence dilution and timing of exits.

Total client assets: $568.9B

April 30, 2026

Total client assets $568.9B +17% YoY

Fee-based client assets $232.4B +22% YoY

Bank loans, net $23.4B +9% YoY

Treasury deposits $11.1B +88% YoY

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Stifel reported selected April 30 2026 operating data, including total client assets, fee-based client assets, bank loans, client money market and insured balances, and Treasury deposits. These figures give an early view of business activity but are not a full earnings report.

Total client assets reached $568.9 billion as of April 30 2026, a 17% increase from April 30 2025. This growth was driven by market appreciation and successful recruitment of productive financial advisors, according to the company’s leadership commentary.

Fee-based client assets were $232.4 billion at April 30 2026, up 22% from April 30 2025 and 6% from March 31 2026. Private Client Group fee-based assets followed the same growth pattern, reflecting both higher markets and continued advisor recruiting.

Bank loans, net, increased to $23.4 billion, 9% above April 30 2025 and 6% above March 31 2026. Treasury deposits rose to $11.1 billion, an 88% year-over-year and 7% sequential increase, helped by strong venture banking growth.

Client money market and insured product balances were $25.0 billion at April 30 2026, down 4% from April 30 2025 and 7% from March 31 2026. Management noted that stronger Treasury deposits helped partially offset seasonal declines in these balances.

The company explicitly cautions that April 30 2026 data are limited and should not be assumed to correlate consistently with earnings. These metrics mainly provide timely insight into client assets, loans, and deposits, rather than a complete picture of profitability.

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

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Accepted by SEC EDGAR 05/28/2026 - 04:15 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant To Section 13 OR 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 28, 2026

STIFEL FINANCIAL CORP.

(Exact name of registrant as specified in its charter)

Delaware

001-09305

43-1273600

(State of

incorporation)

(Commission

File Number)

(IRS Employer
Identification No.)

501 N. Broadway, St. Louis, Missouri 63102-2188

(Address of principal executive offices and zip code)

(314) 342-2000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:


Title of Each Class	Trading Symbol(s)	Name of Each Exchange on Which Registered
Common Stock, $0.15 par value per share	SF	New York Stock Exchange
Depository Shares, each representing 1/1,000th interest in a share of 6.25% Non-Cumulative Preferred Stock, Series B	SF-PB	New York Stock Exchange
Depository Shares, each representing 1/1,000th interest in a share of 6.125% Non-Cumulative Preferred Stock, Series C	SF-PC	New York Stock Exchange
Depository Shares, each representing 1/1,000th interest in a share of 4.50% Non-Cumulative Preferred Stock, Series D	SF-PD	New York Stock Exchange
5.20% Senior Notes due 2047	SFB	New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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).

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.

LOGO

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.

5 documents

EX-99.1 EX-99.1 19.7 KB

STIFEL FINANCIAL CORP.

(Registrant)

Date: May 28, 2026

/s/ James M. Marischen

James M. Marischen

Chief Financial Officer