Form 8-K

8-K — STIFEL FINANCIAL CORP

Accession: 0001193125-26-427189

Filed: 2026-10-21

Period: 2026-10-21

CIK: 0000720672

SIC: 6211 (SECURITY BROKERS, DEALERS & FLOTATION COMPANIES)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — d182962d8k.htm (Primary)

EX-99.1 (d182962dex991.htm)

EX-99.2 (d182962dex992.htm)

EX-99.3 (d182962dex993.htm)

GRAPHIC (g182962dsp13.jpg)

GRAPHIC (g182962dsp4.jpg)

GRAPHIC (g182962dsp5.jpg)

GRAPHIC (g182962ex99_3p10g1.jpg)

GRAPHIC (g182962ex99_3p11g1.jpg)

GRAPHIC (g182962ex99_3p1g1.jpg)

GRAPHIC (g182962ex99_3p2g1.jpg)

GRAPHIC (g182962ex99_3p3g1.jpg)

GRAPHIC (g182962ex99_3p4g1.jpg)

GRAPHIC (g182962ex99_3p5g1.jpg)

GRAPHIC (g182962ex99_3p6g1.jpg)

GRAPHIC (g182962ex99_3p7g1.jpg)

GRAPHIC (g182962ex99_3p8g1.jpg)

GRAPHIC (g182962ex99_3p9g1.jpg)

GRAPHIC (g182962page004a.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: d182962d8k.htm · Sequence: 1

8-K

STIFEL FINANCIAL CORP false 0000720672 0000720672 2026-10-21 2026-10-21 0000720672 us-gaap:CommonStockMember 2026-10-21 2026-10-21 0000720672 us-gaap:SeriesBPreferredStockMember 2026-10-21 2026-10-21 0000720672 us-gaap:SeriesCPreferredStockMember 2026-10-21 2026-10-21 0000720672 us-gaap:SeriesDPreferredStockMember 2026-10-21 2026-10-21 0000720672 sfb:M5.20SeniorNotesDue2047Member 2026-10-21 2026-10-21

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): October 21, 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 2.02 Results of Operations and Financial Condition.

On October 21, 2026, Stifel Financial Corp. (the “Company”) reported its financial results for the quarter ended September 30, 2026. A copy of the press release containing this information is attached as Exhibit 99.1 to this Report on Form 8-K.

In addition, a copy of the Company’s Financial Supplement for the quarter ended September 30, 2026, is attached as Exhibit 99.2 to this Report on Form 8-K.

On Wednesday, October 21, 2026, at 9:30 a.m. Eastern time, the Company will hold a conference call to discuss its financial results and other related matters. A copy of the presentation for the conference call is attached as Exhibit 99.3 to this Report on Form 8-K.

The exhibits are 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 October 21, 2026.

99.2

Financial Supplement for the quarter ended September 30, 2026.

99.3

Financial Results Presentation dated October 21, 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: October 21, 2026

By:

/s/ James M. Marischen

Name:

James M. Marischen

Title:

Chief Financial Officer

3

EX-99.1

EX-99.1

Filename: d182962dex991.htm · Sequence: 2

EX-99.1

Exhibit 99.1

Stifel Reports Third Quarter 2026 Results

ST. LOUIS, MO, October 21, 2026 – Stifel Financial Corp. (NYSE: SF) today reported net revenues of $1.43 billion for

the three months ended September 30, 2026, compared with $1.43 billion a year ago. Net income available to common shareholders was $224.8 million, or $1.40 per diluted common share, compared with $202.1 million, or $1.22 per

diluted common share (1) for the third quarter of 2025. Non-GAAP net income available to common shareholders was $234.1 million, or $1.46 per

diluted common share for the third quarter of 2026.

Ronald J. Kruszewski, Chairman and Chief Executive Officer, said “Stifel is on track for another record year, with year-to-date revenue of

$4.3 billion up 9%, core earnings per share of $4.33 up 22%, and return on tangible common equity of 24.1%. The investments we’ve made in our business continued to drive operating efficiencies, as we delivered our highest ever third

quarter earnings per share of $1.46, up 12% versus the prior year, on net revenue of $1.43 billion. I am optimistic about our outlook, as Stifel’s diversified business model, recurring revenue stream, and disciplined capital management

position us to keep compounding value for shareholders.”

Highlights

The Company reported net revenues of $1.43 billion, the second best third quarter in its history, driven by higher asset management

revenues and net interest income.

Non-GAAP net income available to common shareholders of $1.46 per diluted common

share, the best third quarter in its history.

Asset management revenues increased 14% over the year-ago quarter.

Net interest income increased 9% over the year ago quarter.

Bank loans increased 21% over the year ago quarter.

Client assets of $576.5 billion, up 6% over the year-ago quarter.

Over the last twelve months, recruited trailing twelve-month production totaled approximately $19 million.

Non-GAAP pre-tax margin of 22.5%.

Annualized return on tangible common equity (ROTCE) (6) of

23.9%.

Tangible book value per common share (9) of $26.05, up 12% from

prior year.

The Company repurchased $124.0 million, or 1.6 million shares, of its outstanding common stock during the third

quarter at an average price of $76.95.

Announced strategic investment in Meow Technologies.

Financial Summary (Unaudited)

(000s)

3Q 2026

3Q 2025

9m 2026

9m 2025

GAAP Financial

Highlights:

Net revenues

$1,426,211

$1,429,396

$4,355,176

$3,969,151

Net income

(2)

$224,823

$202,051

$684,078

$391,457

Diluted EPS (1)

(2)

$1.40

$1.22

$4.23

$2.37

Comp. ratio

57.0%

58.8%

57.3%

59.1%

Non-comp. ratio

21.3%

21.2%

21.2%

26.7%

Pre-tax margin

21.7%

20.0%

21.5%

14.2%

Non-GAAP Financial Highlights:

Net revenues

$1,429,077

$1,429,398

$4,323,903

$3,969,231

Net income

(2) (3)

$234,096

$214,419

$700,872

$454,281

Diluted EPS (1) (2)

(3)

$1.46

$1.30

$4.33

$2.76

Comp. ratio

(3)

56.6%

58.0%

57.0%

58.0%

Non-comp. ratio (3)

20.9%

20.8%

20.9%

25.9%

Pre-tax margin (4)

22.5%

21.2%

22.1%

16.1%

ROCE (5)

17.4%

17.0%

17.5%

12.2%

ROTCE

(6)

23.9%

24.3%

24.1%

17.3%

Global Wealth

Management (assets and loans in millions)

Net revenues

$980,293

$907,440

$2,868,950

$2,603,630

Pre-tax net

income

$374,408

$342,650

$1,066,970

$775,111

Total client assets

(7)

$576,482

$544,010

Fee-based client assets (7)

$239,661

$219,178

Bank loans

(8)

$26,065

$21,635

Institutional

Group

Net revenues

$430,281

$500,435

$1,406,233

$1,305,143

Equity

$282,574

$296,677

$915,506

$753,037

Fixed Income

$147,707

$203,758

$490,727

$552,106

Pre-tax net income

$76,261

$89,291

$266,348

$177,762

Media Contact:

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

Global Wealth Management

Global Wealth Management reported record net revenues of $980.3 million for the three months ended September 30, 2026, compared with

$907.4 million during the third quarter of 2025. Pre-tax net income was $374.4 million compared with $342.7 million in the third quarter of 2025.

Highlights

Client assets of $576.5 billion, up 6% over the year-ago quarter, which

included $10.2 billion of client assets from the Stifel Independent Advisors business that was sold on February 2, 2026.

Fee-based client assets of $239.7 billion, up 9% over the year-ago quarter, which included $4.8 billion of client assets from the Stifel Independent Advisors business that was sold on February 2, 2026.

Over the last twelve months, recruited trailing twelve-month production totaled approximately $19 million.

Net revenues increased 8% from a year ago:

Transactional revenues decreased 3% over the year-ago quarter, reflecting a

decrease in client activity.

Asset management revenues increased 14% over the year-ago quarter, reflecting

higher asset values due to improved market conditions and net new asset growth.

Net interest income increased 11% over the year-ago quarter primarily driven by

balance sheet growth, partially offset by lower interest rates.

Total Expenses:

Compensation expense as a percentage of net revenues increased modestly to 48.8% primarily driven by higher

revenue-related compensation, partially offset by revenue growth.

Provision for credit losses decreased from a year ago primarily as a result of a modest improvement in macroeconomic

conditions, partially offset by loan growth in the retained portfolio and specific reserves on individual credits.

Non-compensation operating expenses as a percentage of net revenues decreased to

13.0% primarily attributable to lower litigation-related expenses, a decrease in the provision for credit losses, and revenue growth over the year-ago quarter.

Summary

Results of Operations

(000s)

3Q 2026

3Q 2025

Net revenues

$980,293

$907,440

Transactional revenues

196,213

203,078

Asset management

492,123

431,363

Net interest income

284,583

257,327

Investment banking

6,731

6,529

Other

income

643

9,143

Total expenses

$605,885

$564,790

Compensation expense

478,877

441,626

Provision for credit losses

7,926

8,316

Non-comp. operating expenses

119,082

114,848

Pre-tax net income

$374,408

$342,650

Compensation ratio

48.8%

48.7%

Non-compensation ratio

13.0%

13.5%

Pre-tax margin

38.2%

37.8%

Stifel

Financial Corp. | Page 2

Institutional Group

Institutional Group reported net revenues of $430.3 million for the three months ended September 30, 2026, compared with $500.4 million during the third

quarter of 2025. Pre-tax net income was $76.3 million compared with $89.3 million in the third quarter of 2025.

Highlights

Investment banking revenues decreased 6% from a year ago:

Advisory revenues decreased 4% from the year-ago quarter, driven by lower levels

of completed advisory transactions.

Equity capital raising revenues decreased 13% from the year-ago quarter, driven by

lower volumes and smaller deal sizes.

Fixed income capital raising revenues decreased 2% over the year-ago quarter

primarily driven by lower bond issuances.

Fixed income transactional revenues decreased 34% from a year ago:

Fixed income transactional revenues were impacted by widening credit spreads, increased market volatility, and lower

realized trading gains during the quarter.

Equity transactional revenues decreased 29% from a year ago:

Equity transactional revenues were impacted by lower realized trading gains, a decline in trading volumes over the year-ago quarter and the restructuring of our European Equities business, which resulted in a $7 million reduction in equity transactional revenues year over year.

Total Expenses:

Compensation expense as a percentage of net revenues decreased to 58.7% primarily attributable to lower revenue-related

compensation due to a decline in revenues from the year ago quarter.

Non-compensation operating expenses as a percentage of net revenues increased to

23.6% primarily attributable to a decline in revenues from the year ago quarter.

Summary

Results of Operations

(000s)

3Q 2026

3Q 2025

Net revenues

$430,281

$500,435

Investment banking

299,472

316,954

Advisory

173,017

179,270

Equity capital raising

68,556

78,765

Fixed income capital raising

57,899

58,919

Fixed income transactional

80,472

122,567

Equity transactional

41,195

58,306

Other

9,142

2,608

Total expenses

$354,020

$411,144

Compensation expense

252,656

297,106

Non-comp. operating expenses

101,364

114,038

Pre-tax net income

$76,261

$89,291

Compensation ratio

58.7%

59.4%

Non-compensation ratio

23.6%

22.8%

Pre-tax margin

17.7%

17.8%

Stifel

Financial Corp. | Page 3

Other Matters

Highlights

Total assets increased $3.6 billion, or 9%, from the year-ago quarter.

Over the last twelve months, the Company repurchased $564.4 million, or 7.3 million shares, of its outstanding

common stock at an average price of $77.05.

Weighted average diluted shares outstanding decreased primarily due to share repurchases.

The Board of Directors declared a $0.34 quarterly dividend per share, payable on September 15, 2026, to common

shareholders of record on September 1, 2026.

The Board of Directors declared a quarterly dividend on the outstanding shares of the Company’s preferred stock,

payable on September 15, 2026, to shareholders of record on September 1, 2026.

3Q 2026

3Q 2025

Common stock repurchases (1)

Repurchases (000s)

$124,005

$33,086

Number of shares (000s)

1,612

438

Average price

$76.95

$75.57

Period end shares (000s)

150,061

152,922

Weighted average diluted shares outstanding (000s)

160,145

165,087

Effective tax

rate

24.4%

26.1%

Stifel Financial Corp. (10)

Tier 1 common capital ratio

`14.5%

14.8%

Tier 1 risk-based capital ratio

17.0%

17.6%

Tier 1 leverage capital ratio

10.8%

11.1%

Tier 1 capital (MM)

$4,665

$4,267

Risk weighted assets (MM)

$27,450

$24,235

Average assets (MM)

$43,060

$38,332

Quarter end

assets (MM)

$45,282

$41,687

Agency

Rating

Outlook

Fitch Ratings

BBB+

Stable

S&P

Global Ratings

BBB

Stable

Conference

Call Information

Stifel

Financial Corp. | Page 4

Stifel Financial Corp. will host its third

quarter 2026 financial results conference call on Wednesday, October 21, 2026, at 9:30 a.m. Eastern Time. The conference call may include forward-looking statements.

All interested parties are invited to listen

to Stifel’s Chairman and CEO, Ronald J. Kruszewski, by dialing (800) 330-6710 and referencing conference ID 9806728. A live audio webcast of the call, as well as a presentation highlighting

the Company’s results, will be available through the Company’s web site, www.stifel.com. For those who cannot listen to the live

broadcast, a replay of the broadcast will be available through the above-referenced web site beginning approximately one hour following the completion of the call.

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.

A financial summary follows. Financial, statistical and business-related information, as well as information regarding business and segment trends, is

included in the financial supplement. Both the earnings release and the financial supplement are available online in the Investor Relations section at

www.stifel.com/investor-relations.

The information provided herein and in the financial supplement, including information provided on the Company’s earnings conference calls, may

include certain non-GAAP financial measures. The definition of such measures or reconciliation of such measures to the comparable U.S. GAAP figures are included in this earnings release and the financial

supplement, both of which are available online in the Investor Relations section at www.stifel.com/investor-relations.

Cautionary Note Regarding Forward-Looking Statements

This earnings release contains certain statements that may be deemed to be “forward-looking statements” within the meaning of

Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements in this earnings release not dealing with historical results are forward-looking and are based on various assumptions. The

forward-looking statements in this earnings release are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements. Factors that may cause actual results to differ

materially from those contemplated by such forward-looking statements include, among other things, the following possibilities: the ability to successfully integrate acquired companies or the branch offices and financial advisors; a material adverse

change in financial condition; the risk of borrower, depositor, and other customer attrition; a change in general business and economic conditions; changes in the interest rate environment, deposit flows, loan demand, real estate values, and

competition; changes in accounting principles, policies, or guidelines; changes in legislation and regulation; other economic, competitive, governmental, regulatory, geopolitical, and technological factors affecting the companies’ operations,

pricing, and services; and other risk factors referred to from time to time in filings made by Stifel Financial Corp. with the Securities and Exchange Commission. For information about the risks and important factors that could affect the

Company’s future results, financial condition and liquidity, see “Risk Factors” in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.

Forward-looking statements speak only as to the date they are made. The Company disclaims any intent or obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are

made.

Stifel

Financial Corp. | Page 5

Summary Results of Operations (Unaudited)

Three Months Ended

Nine Months Ended

(000s, except per share amounts)

9/30/2026

9/30/2025

% Change

6/30/2026

% Change

9/30/2026

9/30/2025

% Change

Revenues:

Commissions

$ 200,756

$ 206,075

(2.6)

$ 221,462

(9.3)

$ 630,052

$ 600,414

4.9

Principal transactions

117,124

177,876

(34.2)

140,091

(16.4)

407,436

492,139

(17.2)

Investment banking

306,203

323,483

(5.3)

331,954

(7.8)

979,569

794,885

23.2

Asset management

492,163

431,399

14.1

456,630

7.8

1,408,250

1,244,548

13.2

Other income

8,299

14,228

(41.7)

12,549

(33.9)

76,527

28,499

168.5

Operating revenues

1,124,545

1,153,061

(2.5)

1,162,686

(3.3)

3,501,834

3,160,485

10.8

Interest revenue

510,624

481,504

6.0

476,093

7.3

1,437,766

1,434,192

0.2

Total revenues

1,635,169

1,634,565

0.0

1,638,779

(0.2)

4,939,600

4,594,677

7.5

Interest expense

208,958

205,169

1.8

187,975

11.2

584,424

625,526

(6.6)

Net revenues

1,426,211

1,429,396

(0.2)

1,450,804

(1.7)

4,355,176

3,969,151

9.7

Non-interest expenses:

Compensation and benefits

813,494

839,820

(3.1)

833,018

(2.3)

2,494,846

2,346,976

6.3

Non-compensation operating

expenses

303,092

303,530

(0.1)

318,348

(4.8)

925,195

1,058,945

(12.6)

Total non-interest

expenses

1,116,586

1,143,350

(2.3)

1,151,366

(3.0)

3,420,041

3,405,921

0.4

Income before income taxes

309,625

286,046

8.2

299,438

3.4

935,135

563,230

66.0

Provision for income taxes

75,482

74,675

1.1

72,961

3.5

223,096

143,812

55.1

Net income

234,143

211,371

10.8

226,477

3.4

712,039

419,418

69.8

Preferred dividends

9,320

9,320

0.0

9,321

(0.0)

27,961

27,961

0.0

Net income available to common shareholders

$224,823

$202,051

11.3

$217,156

3.5

$684,078

$391,457

74.8

Earnings per common share: (1)

Basic

$1.48

$1.31

13.0

$1.41

5.0

$4.45

$2.52

76.6

Diluted

$1.40

$1.22

14.8

$1.34

4.5

$4.23

$2.37

78.5

Cash dividends declared per common share

(1)

$0.34

$0.31

9.7

$0.34

0.0

$1.02

$0.93

9.7

Weighted average number of common shares outstanding: (1)

Basic

151,956

154,679

(1.8)

154,234

(1.5)

153,889

155,603

(1.1)

Diluted

160,145

165,087

(3.0)

161,631

(0.9)

161,744

164,877

(1.9)

Stifel

Financial Corp. | Page 6

Non-GAAP Financial Measures (11)

Three Months Ended

Nine Months Ended

(000s, except per share amounts)

9/30/2026

9/30/2025

9/30/2026

9/30/2025

GAAP net income

234,143

$211,371

712,039

$419,418

Preferred dividend

9,320

9,320

27,961

27,961

Net income available to common shareholders

224,823

202,051

684,078

391,457

Non-GAAP adjustments:

Net revenue adjustments (12)

(13)

2,866

2

(31,273)

80

Merger-related

(14)

8,219

12,676

50,090

45,635

Restructuring and severance

(15)

1,174

4,065

3,504

31,106

Provision for income taxes

(16)

(2,986)

(4,375)

(5,527)

(13,997)

Total non-GAAP adjustments

9,273

12,368

16,794

62,824

Non-GAAP net income available to

common shareholders

$234,096

$214,419

$700,872

$454,281

Weighted average diluted shares outstanding (1)

160,145

165,087

161,744

164,877

GAAP earnings per diluted common share (1)

$1.46

$1.28

$4.41

$2.53

Non-GAAP adjustments (1)

0.06

0.08

0.10

0.39

Non-GAAP earnings per diluted common

share (1)

$1.52

$1.36

$4.51

$2.92

GAAP earnings per diluted common share available to common shareholders (1)

$1.40

$1.22

$4.23

$2.37

Non-GAAP adjustments (1)

0.06

0.08

0.10

0.39

Non-GAAP earnings per diluted common share available to common shareholders (1)

$1.46

$1.30

$4.33

$2.76

Stifel

Financial Corp. | Page 7

GAAP to Non-GAAP Reconciliation (11)

Three Months Ended

Nine Months Ended

(000s)

9/30/2026

9/30/2025

9/30/2026

9/30/2025

GAAP net revenues

$1,426,211

$1,429,396

$4,355,176

$3,969,151

Non-GAAP adjustments:

Gain on sale of business

(12)

2,866

—

(44,418)

—

Litigation-related and other

(13)

—

2

13,145

80

Total non-GAAP adjustments

2,866

2

(31,273)

80

Non-GAAP net revenues

$1,429,077

$1,429,398

$4,323,903

$3,969,231

GAAP compensation and benefits

$813,494

$839,820

$2,494,846

$2,346,976

As a percentage of net revenues

57.0%

58.8%

57.3%

59.1%

Non-GAAP adjustments:

Merger-related

(14)

(3,463)

(6,704)

(25,226)

(13,706)

Restructuring and severance

(15)

(1,174)

(4,065)

(3,504)

(31,106)

Total non-GAAP adjustments

(4,637)

(10,769)

(28,730)

(44,812)

Non-GAAP compensation and

benefits

$808,857

$829,051

$2,466,116

$2,302,164

As a percentage of non-GAAP net

revenues

56.6%

58.0%

57.0%

58.0%

GAAP non-compensation expenses

$303,092

$303,530

$925,195

$1,058,945

As a percentage of net revenues

21.3%

21.2%

21.2%

26.7%

Non-GAAP adjustments:

Merger-related

(14)

(4,756)

(5,972)

(24,864)

(31,929)

Non-GAAP

non-compensation expenses

$298,336

$297,558

$900,331

$1,027,016

As a percentage of non-GAAP net

revenues

20.9%

20.8%

20.9%

25.9%

Total adjustments before income

taxes

$12,259

$16,743

$22,321

$76,821

Stifel

Financial Corp. | Page 8

Footnotes

(1)

All share and per share information has been retroactively adjusted to reflect the February 2026 three-for-two stock split.

(2)

Represents available to common shareholders.

(3)

Reconciliations of the Company’s GAAP results to these non-GAAP measures

are discussed within and under “Non-GAAP Financial Measures” and “GAAP to Non-GAAP Reconciliation.”

(4)

Non-GAAP pre-tax margin is calculated

by adding total merger-related expenses (non-GAAP adjustments) and dividing it by non-GAAP net revenues. See “Non-GAAP

Financial Measures” and “GAAP to Non-GAAP Reconciliation.”

(5)

Return on average common equity (“ROCE”), a non-GAAP financial

measure, is calculated by dividing full year or annualized net income applicable to common shareholders by average common shareholders’ equity.

(6)

Return on average tangible common equity (“ROTCE”), a non-GAAP

financial measure, is calculated by dividing full year or annualized net income applicable to common shareholders by average tangible common equity. Tangible common equity, also a non-GAAP financial measure,

equals total common shareholders’ equity less goodwill and identifiable intangible assets and the deferred taxes on goodwill and intangible assets. Average deferred taxes on goodwill and intangible assets were $95.0 million and

$87.2 million as of September 30, 2026, and 2025, respectively.

(7)

Total client assets and fee-based client assets as of September 30, 2025,

include $10.2 billion and $4.8 billion, respectively, of client assets from the Stifel Independent Advisors business that was sold on February 2, 2026.

(8)

Includes loans held for sale.

(9)

Tangible book value per common share, a non-GAAP financial measure, represents

shareholders’ equity (excluding preferred stock) divided by period end common shares outstanding. Tangible common shareholders’ equity equals total common shareholders’ equity less goodwill and identifiable intangible assets and

the deferred taxes on goodwill and intangible assets.

(10)

Capital ratios are estimates at the time of the Company’s earnings release, October 21, 2026.

(11)

The Company prepares its Consolidated Financial Statements using accounting principles generally accepted in the United

States (U.S. GAAP). The Company may disclose certain “non-GAAP financial measures” during its earnings releases, earnings conference calls, financial presentations and otherwise. The Securities and

Exchange Commission defines a “non-GAAP financial measure” as a numerical measure of historical or future financial performance, financial position, or cash flows that is subject to adjustments

that effectively exclude, or include, amounts from the most directly comparable measure calculated and presented in accordance with U.S. GAAP. Non-GAAP financial measures disclosed by the Company are provided

as additional information to analysts, investors and other stakeholders in order to provide them with greater transparency about, or an alternative method for assessing the Company’s financial condition or operating results. These measures are

not in accordance with, or a substitute for U.S. GAAP, and may be different from or inconsistent with non-GAAP financial measures used by other companies. Whenever the Company refers to a non-GAAP financial measure, it will also define it or present the most directly comparable financial measure calculated and presented in accordance with U.S. GAAP, along with a reconciliation of the differences

between the non-GAAP financial measure it references and such comparable U.S. GAAP financial measure.

(12)

Gain recognized on the sale of Stifel Independent Advisors, LLC during the first quarter of 2026.

(13)

Primarily related to prejudgment interest recognized on legal matters.

(14)

Primarily related to charges attributable to integration-related activities, signing bonuses, amortization of

restricted stock awards, debentures, and promissory notes issued as retention, additional earn-out expense, and amortization of intangible assets acquired. These costs were directly related to acquisitions of

certain businesses and are not representative of the costs of running the Company’s on-going business.

(15)

The Company recorded severance costs associated with workforce reductions in certain of its foreign subsidiaries.

(16)

Primarily represents the Company’s effective tax rate for the period applied to the non-GAAP adjustments.

Stifel

Financial Corp. | Page 9

EX-99.2

EX-99.2

Filename: d182962dex992.htm · Sequence: 3

EX-99.2

Exhibit 99.2

Third Quarter 2026 Earnings Results

Quarterly Financial Supplement

Page

Consolidated Financial Highlights

2

GAAP Consolidated Results of Operations

3

Non-GAAP Condensed Consolidated Results of Operations

4

Consolidated Financial Summary

5

Consolidated Financial Information and Metrics

6

Regulatory Capital

7

Global Wealth Management - Summary Results of Operations

8

Global Wealth Management - Statistical Information

9

Institutional Group - Summary Results of Operations

11

Stifel Bancorp - Financial Information and Credit Metrics

12

Stifel Bancorp - Loan and Investment Portfolio

13

Loans and Lending Commitments - Allowance for Credit Losses

14

Consolidated Non-GAAP Net Interest Income

15

Stifel Bancorp Net Interest Income

16

GAAP to Non-GAAP Reconciliation

17

Footnotes

18

Disclaimer and Legal Notice

19

Stifel Financial Corp. Quarterly Financial Supplement | Third Quarter 2026 Earnings Release

Page 1 of 19

Consolidated Financial Highlights

(1)

Three Months Ended

Nine Months Ended

(Unaudited, 000s, except per share information)

9/30/2026

9/30/2025

% Change

6/30/2026

% Change

9/30/2026

9/30/2025

% Change

Net revenues

$

1,426,211

$

1,429,396

(0.2

%)

$

1,450,804

(1.7

%)

$

4,355,176

$

3,969,151

9.7

%

Net income

$

234,143

$

211,371

10.8

%

$

226,477

3.4

%

$

712,039

$

419,418

69.8

%

Preferred dividends

9,320

9,320

0.0

%

9,321

(0.0

%)

27,961

27,961

0.0

%

Net income available to common shareholders

$

224,823

$

202,051

11.3

%

$

217,156

3.5

%

$

684,078

$

391,457

74.8

%

Earnings per diluted common share

$

1.46

$

1.28

14.1

%

$

1.40

4.3

%

$

4.41

$

2.53

73.9

%

Earnings per diluted common share available to common shareholders

$

1.40

$

1.22

14.8

%

$

1.34

4.5

%

$

4.23

$

2.37

78.5

%

Non-GAAP financial summary (2):

Net revenues

$

1,429,077

$

1,429,398

(0.0

%)

$

1,453,304

(1.7

%)

$

4,323,903

$

3,969,231

8.9

%

Net income

$

243,416

$

223,739

8.8

%

$

238,620

2.0

%

$

728,833

$

482,242

51.1

%

Preferred dividends

9,320

9,320

0.0

%

9,321

(0.0

%)

27,961

27,961

0.0

%

Net income available to common shareholders

$

234,096

214,419

9.2

%

229,299

2.1

%

$

700,872

$

454,281

54.3

%

Earnings per diluted common share

$

1.52

$

1.36

11.8

%

$

1.48

2.7

%

$

4.51

$

2.92

54.5

%

Earnings per diluted common share available to common shareholders

$

1.46

$

1.30

12.3

%

$

1.42

2.8

%

$

4.33

$

2.76

56.9

%

Weighted average number of common shares outstanding:

Basic

151,956

154,679

(1.8

%)

154,234

(1.5

%)

153,889

155,603

(1.1

%)

Diluted

160,145

165,087

(3.0

%)

161,631

(0.9

%)

161,744

164,877

(1.9

%)

Period end common shares outstanding

150,061

152,922

(1.9

%)

151,589

(1.0

%)

150,061

152,922

(1.9

%)

Cash dividends declared per common share

$

0.34

$

0.31

9.7

%

$

0.34

0.0

%

$

1.02

$

0.93

9.7

%

Stifel Financial Corp. Quarterly Financial Supplement | Third Quarter 2026 Earnings Release

Page 2 of 19

GAAP Consolidated Results of Operations (1)

Three Months Ended

Nine Months Ended

(Unaudited, 000s, except per share information)

9/30/2026

9/30/2025

% Change

6/30/2026

% Change

9/30/2026

9/30/2025

% Change

Revenues:

Commissions

$

200,756

$

206,075

(2.6

%)

$

221,462

(9.3

%)

$

630,052

$

600,414

4.9

%

Principal transactions

117,124

177,876

(34.2

%)

140,091

(16.4

%)

407,436

492,139

(17.2

%)

Transactional revenues

317,880

383,951

(17.2

%)

361,553

(12.1

%)

1,037,488

1,092,553

(5.0

%)

Capital raising

132,875

144,213

(7.9

%)

174,456

(23.8

%)

430,305

350,840

22.6

%

Advisory

173,328

179,270

(3.3

%)

157,498

10.1

%

549,264

444,045

23.7

%

Investment banking

306,203

323,483

(5.3

%)

331,954

(7.8

%)

979,569

794,885

23.2

%

Asset management

492,163

431,399

14.1

%

456,630

7.8

%

1,408,250

1,244,548

13.2

%

Other income

8,299

14,228

(41.7

%)

12,549

(33.9

%)

76,527

28,499

168.5

%

Operating revenues

1,124,545

1,153,061

(2.5

%)

1,162,686

(3.3

%)

3,501,834

3,160,485

10.8

%

Interest revenue

510,624

481,504

6.0

%

476,093

7.3

%

1,437,766

1,434,192

0.2

%

Total revenues

1,635,169

1,634,565

0.0

%

1,638,779

(0.2

%)

4,939,600

4,594,677

7.5

%

Interest expense

208,958

205,169

1.8

%

187,975

11.2

%

584,424

625,526

(6.6

%)

Net revenues

1,426,211

1,429,396

(0.2

%)

1,450,804

(1.7

%)

4,355,176

3,969,151

9.7

%

Non-interest expenses:

Compensation and benefits

813,494

839,820

(3.1

%)

833,018

(2.3

%)

2,494,846

2,346,976

6.3

%

Occupancy and equipment rental

102,787

95,601

7.5

%

100,555

2.2

%

303,037

282,045

7.4

%

Communication and office supplies

48,846

48,893

(0.1

%)

46,341

5.4

%

146,208

146,253

(0.0

%)

Commissions and floor brokerage

13,547

15,807

(14.3

%)

15,039

(9.9

%)

43,627

49,759

(12.3

%)

Provision for credit losses

7,926

8,316

(4.7

%)

12,538

(36.8

%)

26,999

28,664

(5.8

%)

Investment banking expenses

13,079

17,088

(23.5

%)

12,495

4.7

%

34,120

34,624

(1.5

%)

Other operating expenses

116,907

117,825

(0.8

%)

131,380

(11.0

%)

371,204

517,600

(28.3

%)

Total non-interest expenses

1,116,586

1,143,350

(2.3

%)

1,151,366

(3.0

%)

3,420,041

3,405,921

0.4

%

Income before income taxes

309,625

286,046

8.2

%

299,438

3.4

%

935,135

563,230

66.0

%

Provision for income taxes

75,482

74,675

1.1

%

72,961

3.5

%

223,096

143,812

55.1

%

Net income

234,143

211,371

10.8

%

226,477

3.4

%

712,039

419,418

69.8

%

Preferred dividends

9,320

9,320

0.0

%

9,321

(0.0

%)

27,961

27,961

0.0

%

Net income available to common shareholders

$

224,823

$

202,051

11.3

%

$

217,156

3.5

%

$

684,078

$

391,457

74.8

%

Earnings per common share:

Basic

$

1.48

$

1.31

13.0

%

$

1.41

5.0

%

$

4.45

$

2.52

76.6

%

Diluted

$

1.40

$

1.22

14.8

%

$

1.34

4.5

%

$

4.23

$

2.37

78.5

%

Weighted average number of common shares outstanding:

Basic

151,956

154,679

(1.8

%)

154,234

(1.5

%)

153,889

155,603

(1.1

%)

Diluted

160,145

165,087

(3.0

%)

161,631

(0.9

%)

161,744

164,877

(1.9

%)

Cash dividends declared per common share

$

0.34

$

0.31

9.7

%

$

0.34

0.0

%

$

1.02

$

0.93

9.7

%

Stifel Financial Corp. Quarterly Financial Supplement | Third Quarter 2026 Earnings Release

Page 3 of 19

Non-GAAP Condensed Consolidated Results of

Operations (1) (2)

Three Months Ended

Nine Months Ended

(Unaudited, 000s, except per share information)

9/30/2026

9/30/2025

% Change

6/30/2026

% Change

9/30/2026

9/30/2025

% Change

Non-GAAP net revenues

$

1,429,077

$

1,429,398

(0.0

%)

$

1,453,304

(1.7

%)

$

4,323,903

$

3,969,231

8.9

%

Non-GAAP non-interest

expenses:

Non-GAAP compensation and benefits

808,857

829,051

(2.4

%)

828,384

(2.4

%)

2,466,116

2,302,164

7.1

%

Non-GAAP non-compensation operating

expenses

298,336

297,558

0.3

%

309,427

(3.6

%)

900,331

1,027,016

(12.3

%)

Total non-GAAP non-interest

expenses

1,107,193

1,126,609

(1.7

%)

1,137,811

(2.7

%)

3,366,447

3,329,180

1.1

%

Non-GAAP income before income taxes

321,884

302,789

6.3

%

315,493

2.0

%

957,456

640,051

49.6

%

Non-GAAP provision for income taxes

78,468

79,050

(0.7

%)

76,873

2.1

%

228,623

157,809

44.9

%

Non-GAAP net income

243,416

223,739

8.8

%

238,620

2.0

%

728,833

482,242

51.1

%

Preferred dividends

9,320

9,320

0.0

%

9,321

(0.0

%)

27,961

27,961

0.0

%

Non-GAAP net income available to common shareholders

$

234,096

$

214,419

9.2

%

$

229,299

2.1

%

$

700,872

$

454,281

54.3

%

Non-GAAP earnings per common share:

Basic

$

1.55

$

1.39

11.5

%

$

1.49

4.0

%

$

4.59

$

2.92

57.2

%

Diluted

$

1.46

$

1.30

12.3

%

$

1.42

2.8

%

$

4.33

$

2.76

56.9

%

Weighted average number of common shares outstanding:

Basic

151,956

154,679

(1.8

%)

154,234

(1.5

%)

153,889

155,603

(1.1

%)

Diluted

160,145

165,087

(3.0

%)

161,631

(0.9

%)

161,744

164,877

(1.9

%)

Cash dividends declared per common share

$

0.34

$

0.31

9.7

%

$

0.34

0.0

%

$

1.02

$

0.93

9.7

%

Stifel Financial Corp. Quarterly Financial Supplement | Third Quarter 2026 Earnings Release

Page 4 of 19

Consolidated Financial Summary

Three Months Ended

Nine Months Ended

(Unaudited, 000s)

9/30/2026

9/30/2025

% Change

6/30/2026

% Change

9/30/2026

9/30/2025

% Change

Net revenues:

Global Wealth Management

$

980,293

$

907,440

8.0

%

$

956,534

2.5

%

$

2,868,950

$

2,603,630

10.2

%

Institutional Group

430,281

500,435

(14.0

%)

480,694

(10.5

%)

1,406,233

1,305,143

7.7

%

Other

15,637

21,521

(27.3

%)

13,576

15.2

%

79,993

60,378

32.5

%

Total net revenues

$

1,426,211

$

1,429,396

(0.2

%)

$

1,450,804

(1.7

%)

$

4,355,176

$

3,969,151

9.7

%

Operating expenses:

Global Wealth Management

$

605,885

$

564,790

7.3

%

$

594,687

1.9

%

$

1,801,980

$

1,828,519

(1.5

%)

Institutional Group

354,020

411,144

(13.9

%)

388,517

(8.9

%)

1,139,885

1,127,381

1.1

%

Other

156,681

167,416

(6.4

%)

168,162

(6.8

%)

478,176

450,021

6.3

%

Total operating expenses

$

1,116,586

$

1,143,350

(2.3

%)

$

1,151,366

(3.0

%)

$

3,420,041

$

3,405,921

0.4

%

Operating contribution:

Global Wealth Management

$

374,408

$

342,650

9.3

%

$

361,847

3.5

%

$

1,066,970

$

775,111

37.7

%

Institutional Group

76,261

89,291

(14.6

%)

92,177

(17.3

%)

266,348

177,762

49.8

%

Other

(141,044

)

(145,895

)

(3.3

%)

(154,586

)

(8.8

%)

(398,183

)

(389,643

)

2.2

%

Income before income taxes

$

309,625

$

286,046

8.2

%

$

299,438

3.4

%

$

935,135

$

563,230

66.0

%

Financial ratios (change in bps):

Compensation and benefits

57.0

%

58.8

%

(180

)

57.4

%

(40

)

57.3

%

59.1

%

(180

)

Non-compensation operating expenses

21.3

%

21.2

%

10

22.0

%

(70

)

21.2

%

26.7

%

(550

)

Income before income taxes

21.7

%

20.0

%

170

20.6

%

110

21.5

%

14.2

%

730

Effective tax rate

24.4

%

26.1

%

(170

)

24.4

%

0

23.9

%

25.5

%

(160

)

Stifel Financial Corp. Quarterly Financial Supplement | Third Quarter 2026 Earnings Release

Page 5 of 19

Consolidated Financial Information and Metrics

As of and for the Three Months Ended

(Unaudited, 000s, except per share data)

9/30/2026

9/30/2025

% Change

6/30/2026

% Change

Financial Information:

Total assets

$

45,281,836

$

41,687,360

8.6

%

$

44,907,609

0.8

%

Total shareholders’ equity

$

6,046,148

$

5,756,135

5.0

%

$

6,013,241

0,5

%

Total common equity

$

5,361,148

$

5,071,135

5.7

%

$

5,328,241

0.6

%

Goodwill and intangible assets

$

(1,548,636

)

$

(1,592,723

)

(2.8

%)

$

(1,552,657

)

(0.3

%)

DTL on goodwill and intangible assets

$

96,536

$

89,186

8.2

%

$

93,488

3.3

%

Tangible common equity

$

3,909,068

$

3,567,598

9.6

%

$

3,869,072

1.0

%

Preferred equity

$

685,000

$

685,000

0.0

%

$

685,000

0.0

%

Financial Metrics:

Book value per common share (1)(3)

$

35.73

$

33.16

7.8

%

$

35.15

1.7

%

Tangible book value per common share (1)(3)

$

26.05

$

23.33

11.7

%

$

25.52

2.1

%

Return on common equity (4)

16.7

%

16.1

%

16.2

%

Non-GAAP return on common equity (2)(4)

17.4

%

17.0

%

17.1

%

Return on tangible common equity (5)

23.0

%

22.9

%

22.3

%

Non-GAAP return on tangible common equity (2)(5)

23.9

%

24.3

%

23.6

%

Pre-tax margin on net revenues

21.7

%

20.0

%

20.6

%

Non-GAAP pre-tax margin on

net revenues (2)

22.5

%

21.2

%

21.7

%

Effective tax rate

24.4

%

26.1

%

24.4

%

Non-GAAP effective tax rate (2)

24.4

%

26.1

%

24.4

%

Stifel Financial Corp. Quarterly Financial Supplement | Third Quarter 2026 Earnings Release

Page 6 of 19

Regulatory Capital

(6)

(Unaudited, 000s)

9/30/2026

9/30/2025

% Change

6/30/2026

% Change

SF Regulatory Capital:

Common equity tier 1 capital

$

3,980,152

$

3,582,042

11.1

%

$

3,890,357

2.3

%

Tier 1 capital

$

4,665,152

$

4,267,042

9.3

%

$

4,575,357

2.0

%

Risk-weighted assets

$

27,450,352

$

24,235,466

13.3

%

$

26,405,428

4.0

%

Common equity tier 1 capital ratio

14.5

%

14.8

%

14.7

%

Tier 1 risk based capital ratio

17.0

%

17.6

%

17.3

%

Tier 1 leverage capital ratio

10.8

%

11.1

%

11.2

%

Stifel Bank & Trust Regulatory Capital:

Common equity tier 1 capital

$

1,349,294

$

1,323,323

2.0

%

$

1,336,645

0.9

%

Tier 1 capital

$

1,349,294

$

1,323,323

2.0

%

$

1,336,645

0.9

%

Risk-weighted assets

$

12,321,004

$

11,938,637

3.2

%

$

12,180,861

1.2

%

Common equity tier 1 capital ratio

11.0

%

11.1

%

11.0

%

Tier 1 risk based capital ratio

11.0

%

11.1

%

11.0

%

Tier 1 leverage capital ratio

7.1

%

7.1

%

7.1

%

Stifel Bank Regulatory Capital:

Common equity tier 1 capital

$

1,088,652

$

827,457

31.6

%

$

958,490

13.6

%

Tier 1 capital

$

1,088,652

$

827,457

31.6

%

$

958,490

13.6

%

Risk-weighted assets

$

9,773,740

$

6,761,301

44.6

%

$

9,003,643

8.6

%

Common equity tier 1 capital ratio

11.1

%

12.2

%

10.6

%

Tier 1 risk based capital ratio

11.1

%

12.2

%

10.6

%

Tier 1 leverage capital ratio

7.0

%

7.1

%

7.1

%

Stifel Net Capital:

Net capital

$

810,900

$

515,800

57.2

%

$

776,500

4.4

%

Excess net capital

$

779,300

$

485,100

60.6

%

$

735,300

6.0

%

Stifel Financial Corp. Quarterly Financial Supplement | Third Quarter 2026 Earnings Release

Page 7 of 19

Global Wealth Management - Summary Results of Operations

Three Months Ended

Nine Months Ended

(Unaudited, 000s)

9/30/2026

9/30/2025

% Change

6/30/2026

% Change

9/30/2026

9/30/2025

% Change

Revenues:

Commissions

$

136,513

$

141,864

(3.8

%)

$

147,157

(7.2

%)

$

423,734

$

395,893

7.0

%

Principal transactions

59,700

61,214

(2.5

%)

60,240

(0.9

%)

182,534

176,246

3.6

%

Transactional revenues

196,213

203,078

(3.4

%)

207,397

(5.4

%)

606,268

572,139

6.0

%

Asset management

492,123

431,363

14.1

%

456,596

7.8

%

1,408,145

1,244,443

13.2

%

Net interest

284,583

257,327

10.6

%

274,602

3.6

%

823,553

757,009

8.8

%

Investment banking (7)

6,731

6,529

3.1

%

8,693

(22.6

%)

21,496

18,661

15.2

%

Other income

643

9,143

(93.0

%)

9,246

(93.0

%)

9,488

11,378

(16.6

%)

Net revenues

980,293

907,440

8.0

%

956,534

2.5

%

2,868,950

2,603,630

10.2

%%

Non-interest expenses:

Compensation and benefits

478,877

441,626

8.4

%

460,582

4.0

%

1,411,919

1,284,159

9.9

%

Non-compensation operating expenses

127,008

123,164

3.1

%

134,105

(5.3

%)

390,061

544,360

(28.3

%)

Total non-interest expenses

605,885

564,790

7.3

%

594,687

1.9

%

1,801,980

1,828,519

(1.5

%)

Income before income taxes

$

374,408

$

342,650

9.3

%

$

361,847

3.4

%

$

1,066,970

$

775,111

37.7

%

As a percentage of net revenues (change in bps):

Compensation and benefits

48.8

%

48.7

%

10

48.2

%

60

49.2

%

49.3

%

(10

)

Non-compensation operating expenses

13.0

%

13.5

%

(50

)

14.0

%

(100

)

13.6

%

20.9

%

(730

)

Income before income taxes

38.2

%

37.8

%

40

37.8

%

40

37.2

%

29.8

%

740

Stifel Financial Corp. Quarterly Financial Supplement | Third Quarter 2026 Earnings Release

Page 8 of 19

Global Wealth Management - Statistical Information

As of and for the Three Months Ended

(Unaudited, 000s)

9/30/2026

9/30/2025

% Change

6/30/2026

% Change

Total client assets (8)

$

576,482,000

$

544,010,000

6.0

%

$

580,077,000

(0.6

%)

Fee-based client assets (8)

$

239,661,000

$

219,178,000

9.3

%

$

239,777,000

(0.0

%)

Transactional assets

$

336,821,000

$

324,832,000

3.7

%

$

340,300,000

(1.0

%)

Secured client lending (9)

$

3,858,000

$

3,459,000

11.5

%

$

4,144,000

(6.9

%)

Asset Management Revenue:

Private Client Group (10)

$

426,248

$

371,414

14.8

%

$

390,046

9.3

%

Asset Management

45,057

40,762

10.5

%

44,068

2.2

%

Third-party Bank Sweep Program

2,631

4,608

(42.9

%)

3,186

(17.4

%)

Other (11)

18,227

14,615

24.7

%

19,330

(5.7

%)

Total asset management revenues

$

492,163

$

431,399

14.1

%

$

456,630

7.8

%

Fee-based Assets (millions):

Private Client Group (10)

$

209,744

$

191,688

9.4

%

$

210,049

(0.1

%)

Asset Management

49,293

46,413

6.2

%

49,652

(0.7

%)

Elimination (12)

(19,376

)

(18,923

)

2.4

%

(19,924

)

(2.8

%)

Total fee-based assets

$

239,661

$

219,178

9.3

%

$

239,777

(0.0

%)

Third-party Bank Sweep Program

$

334

$

526

(36.5

%)

$

392

(14.8

%)

ROA (bps) (13):

Private Client Group (10)

81.2

82.5

81.4

Asset Management

36.6

35.1

35.5

Third-party Bank Sweep Program

365.0

384.3

358.3

Stifel Financial Corp. Quarterly Financial Supplement | Third Quarter 2026 Earnings Release

Page 9 of 19

Global Wealth Management - Statistical Information (Cont.)

As of and for the Three Months Ended

(Unaudited, millions)

9/30/2026

9/30/2025

% Change

6/30/2026

% Change

Stifel Bancorp Deposits:

Smart Rate Deposits

$

12,867

$

14,907

(13.7

%)

$

13,354

(3.6

%)

Sweep Deposits

9,678

10,529

(8.1

%)

10,939

(11.5

%)

Direct Wealth Management Deposits at Stifel Bancorp

193

428

(54.9

%)

190

1.6

%

Total Stifel Bancorp Wealth Management Deposits

22,738

25,864

(12.1

%)

24,483

(7.1

%)

Other Bank Deposits

10,069

4,274

135.6

%

7,781

29.4

%

Total Stifel Bancorp Deposits

$

32,807

$

30,138

8.9

%

$

32,264

1.7

%

Short-term Treasuries (14)

$

6,996

$

7,148

(2.1

%)

$

6,742

3.8

%

Third-party Commercial Treasury Deposits (15)

$

2,600

$

3,513

(26.0

%)

$

3,058

(15.0

%)

Wealth Management Cash:

Stifel Bancorp Wealth Management Deposits

$

22,738

$

25,864

(12.1

%)

$

24,483

(7.1

%)

Third-party Bank Sweep Program (15)

334

526

(36.5

%)

392

(14.8

%)

Third-party Treasury (15)

—

—

0.0

%

—

0.0

%

Other Sweep Cash

664

415

60.0

%

713

(6.9

%)

Money Market Mutual Funds

17,695

15,538

13.9

%

17,330

2.1

%

Total Wealth Management Cash

$

41,431

$

42,343

(2.2

%)

$

42,918

(3.5

%)

Client money market and insured product (16)

$

23,543

$

26,377

(10.7

%)

$

25,398

(7.3

%)

Third-party Deposits Available to Stifel Bancorp (15)

$

2,934

$

4,039

(27.4

%)

$

3,450

(15.0

%)

Stifel Financial Corp. Quarterly Financial Supplement | Third Quarter 2026 Earnings Release

Page 10 of 19

Institutional Group - Summary Results of Operations

Three Months Ended

Nine Months Ended

(Unaudited, 000s)

9/30/2026

9/30/2025

% Change

6/30/2026

% Change

9/30/2026

9/30/2025

% Change

Revenues:

Commissions

$

64,243

$

64,211

0.0

%

$

74,305

(13.5

%)

$

206,318

$

204,521

0.9

%

Principal transactions

57,424

116,662

(50.8

%)

79,851

(28.1

%)

224,902

315,893

(28.8

%)

Transactional revenues

121,667

180,873

(32.7

%)

154,156

(21.1

%)

431,220

520,414

(17.1

%)

Capital raising

126,455

137,684

(8.2

%)

165,898

(23.8

%)

409,255

332,179

23.2

%

Advisory

173,017

179,270

(3.5

%)

157,363

9.9

%

548,818

444,045

23.6

%

Investment banking

299,472

316,954

(5.5

%)

323,261

(7.4

%)

958,073

776,224

23.4

%

Other income (17)

9,142

2,608

250.5

%

3,277

179.0

%

16,940

8,505

99.2

%

Net revenues

430,281

500,435

(14.0

%)

480,694

(10.5

%)

1,406,233

1,305,143

7.7

%

Non-interest expenses:

Compensation and benefits

252,656

297,106

(15.0

%)

285,504

(11.5

%)

834,030

807,388

3.3

%

Non-compensation operating expenses

101,364

114,038

(11.1

%)

103,013

(1.6

%)

305,855

319,993

(4.4

%)

Total non-interest expenses

354,020

411,144

(13.9

%)

388,517

(8.9

%)

1,139,885

1,127,381

1.1

%

Income before income taxes

$

76,261

$

89,291

(14.6

%)

$

92,177

(17.3

%)

$

266,348

$

177,762

49.8

%

As a percentage of net revenues (change in bps):

Compensation and benefits

58.7

%

59.4

%

(70

)

59.4

%

(70

)

59.3

%

61.9

%

(260

)

Non-compensation operating expenses

23.6

%

22.8

%

80

21.4

%

220

21.8

%

24.5

%

(270

)

Income before income taxes

17.7

%

17.8

%

(10

)

19.2

%

(150

)

18.9

%

13.6

%

530

Stifel Financial Corp. Quarterly Financial Supplement | Third Quarter 2026 Earnings Release

Page 11 of 19

Stifel Bancorp - Financial Information and Credit Metrics

(Unaudited, 000s)

9/30/2026

9/30/2025

% Change

6/30/2026

% Change

Stifel Bancorp Financial Information:

Total assets

$

35,486,860

$

32,615,017

8.8

%

$

35,278,437

0.6

%

Total shareholder’s equity

$

2,429,171

$

2,210,850

9.9

%

$

2,334,646

4.0

%

Total loans, net (includes loans held for sale)

$

26,064,729

$

21,634,690

20.5

%

$

24,805,104

5.1

%

Residential real estate

9,821,336

9,085,945

8.1

%

9,619,618

2.1

%

Fund banking

6,719,233

3,881,895

73.1

%

5,767,990

16.5

%

Commercial and industrial

4,720,505

3,760,005

25.5

%

4,529,422

4.2

%

Securities-based loans

2,992,962

2,565,897

16.6

%

2,977,657

0.5

%

Construction and land

926,412

1,166,895

(20.6

%)

977,377

(5.2

%)

Commercial real estate

372,212

437,570

(14.9

%)

412,809

(9.8

%)

Other

313,373

278,934

12.3

%

289,812

8.1

%

Loans held for sale

328,900

595,517

(44.8

%)

373,591

(12.0

%)

Investment securities

$

8,024,768

$

8,146,439

(1.5

%)

$

8,410,858

(4.6

%)

Available-for-sale

securities, at fair value

1,512,748

1,688,636

(10.4

%)

1,529,505

(1.1

%)

Held-to-maturity

securities, at amortized cost

6,512,020

6,457,803

0.8

%

6,881,353

(5.4

%)

Unrealized losses on

available-for-sale securities

(178,012

)

(113,421

)

56.9

%

(115,080

)

54.7

%

Total deposits

$

32,807,264

$

30,137,748

8.9

%

$

32,264,006

1.7

%

Demand deposits (interest-bearing)

32,052,478

29,277,379

9.5

%

31,476,634

1.8

%

Demand deposits (non-interest-bearing)

561,463

456,021

23.1

%

498,688

12.6

%

Certificates of deposit

193,323

404,348

(52.2

%)

288,684

(33.0

%)

Credit Metrics:

Allowance for credit losses

$

143,165

$

164,206

(12.8

%)

$

150,093

(4.6

%)

Allowance as a percentage of retained loans

0.55

%

0.78

%

0.61

%

Net charge-offs as a percentage of average loans

0.06

%

0.05

%

0.03

%

Total nonperforming assets

$

125,507

$

159,073

(21.1

%)

$

125,615

(0.1

%)

Nonperforming assets as a percentage of total assets

0.35

%

0.49

%

0.36

%

Stifel Financial Corp. Quarterly Financial Supplement | Third Quarter 2026 Earnings Release

Page 12 of 19

Stifel Bancorp - Loan and Investment Portfolio

(Unaudited, millions)

9/30/2026

% of Total

Portfolio

Loan Portfolio

Commercial Portfolio by Major Sector

Residential real estate

$

9,821

30

%

Financials

$

1,288

27

%

Securities-based loans

2,993

9

%

Industrials

883

19

%

Home equity lines of credit and other

313

1

%

Information technology

756

16

%

Total consumer

13,127

40

%

Consumer discretionary

302

6

%

Fund banking

6,719

20

%

Healthcare

297

6

%

Commercial and industrial

4,721

14

%

Communication services

297

6

%

Construction and land

926

3

%

Materials

288

6

%

Commercial real estate

372

1

%

Hotel, leisure, restaurants

253

5

%

Total commercial

12,738

38

%

REITs

202

4

%

Total loan portfolio

25,865

78

%

Consumer staples

134

3

%

Unfunded commitments

7,245

22

%

Total

$

33,110

100

%

CLO by Major Sector

Banking, finance, insurance, & real estate

$

705

11

%

Investment Portfolio

High tech industries

654

10

%

CLO

$

6,504

79

%

Healthcare & pharmaceuticals

640

10

%

Agency MBS

1,350

16

%

Services: business

618

10

%

Corporate bonds

275

3

%

Hotel, gaming, & leisure

363

6

%

SBA

62

1

%

Construction & building

271

4

%

Student loan ARS

8

0

%

Beverage, food, & tobacco

260

4

%

CMBS

1

0

%

Capital equipment

234

4

%

Other

3

0

%

Services: consumer

222

3

%

Total Portfolio

$

8,203

100

%

Chemicals, plastics, & rubber

217

3

%

Stifel Financial Corp. Quarterly Financial Supplement | Third Quarter 2026 Earnings Release

Page 13 of 19

Loans and Lending Commitments - Allowance for Credit Losses

September 30, 2026

(Unaudited, 000s)

Loans and Lending

Commitments

ACL

ACL %

Q3 Provision

Residential real estate

$

9,821,336

$

10,294

0.1

%

$

(2,095

)

Fund banking

6,719,233

9,985

0.1

%

1,176

Commercial and industrial

4,720,505

76,467

1.6

%

12,268

Securities-based loans

2,992,962

3,139

0.1

%

(370

)

Construction and land

926,412

6,550

0.7

%

(4,137

)

Commercial real estate

372,212

5,775

1.6

%

855

Other

313,373

937

0.3

%

(382

)

Loans held for investment, gross

25,866,033

113,147

0.4

%

7,315

Loans held for sale

328.900

Total loans, gross

26,194,934

Lending-related commitments (unfunded)

7,244,780

30,018

0,4

%

611

Loans and lending-related commitments

$

33,439,714

$

143,165

$

7,926

Stifel Financial Corp. Quarterly Financial Supplement | Third Quarter 2026 Earnings Release

Page 14 of 19

Consolidated Non-GAAP Net Interest Income (2)

Three Months Ended

September 30, 2026

September 30, 2025

June 30, 2026

(Unaudited, millions)

Average

balance

Interest

income/expense

Average

interest

rate

Average

balance

Interest

income/expense

Average

interest

rate

Average

balance

Interest

income/expense

Average

interest

rate

Interest-earning assets:

Cash and federal funds sold

$

1,764.7

$

16.6

3.76%

$

2,236.3

$

24.1

4.31

%

$

2,000.1

$

17.8

3.56

%

Financial instruments owned

1,640.0

9.0

2.20%

1,345.1

8.3

2.47

%

1,489.0

9.0

2.43

%

Margin balances

976.5

17.9

7.34%

856.8

15.5

7.24

%

1,114.6

16.9

6.07

%

Investments:

Asset-backed securities

6,613.8

89.2

5.40%

6,433.7

98.8

6.14

%

6,795.3

90.6

5.33

%

Mortgage-backed securities

1,241.1

11.4

3.66%

1,089.4

8.9

3.26

%

1,222.7

10.9

3.55

%

Corporate fixed income securities

292.5

1.8

2.40%

446.8

3.0

2.68

%

361.1

2.2

2.45

%

Other

4.8

—

2.51%

4.7

—

2.55

%

4.8

—

2.55

%

Total investments

8,152.2

102.4

5.02%

7,974.6

110.7

5.55

%

8,383.9

103.7

4.95

%

Loans:

Residential real estate

9,723.9

107.5

4.42%

8,988.7

88.5

3.94

%

9,465.8

98.6

4.17

%

Commercial and industrial

4,521.5

71.5

6.32%

3,786.8

71.4

7.55

%

4,393.8

68.7

6.25

%

Fund banking

6,355.7

98.2

6.18%

3,967.0

70.0

7.06

%

4,736.2

73.2

6.18

%

Securities-based loans

2,977.7

41.4

5.57%

2,538.5

39.5

6.23

%

2,875.2

39.4

5.49

%

Commercial real estate

384.7

6.0

6.19%

436.4

8.8

8.10

%

421.1

6.5

6.15

%

Construction and land

957.9

14.4

5.99%

1,195.2

23.1

7.74

%

1,105.9

18.2

6.58

%

Loans held for sale

420.4

8.3

7.89%

488.8

10.5

8.56

%

348.2

6.8

7.77

%

Other

299.9

4.9

6.50%

258.2

4.7

7.20

%

276.7

4.6

6.73

%

Total loans

25,641.7

352.2

5.49%

21,659.6

316.5

5.85

%

23,622.9

316.0

5.35

%

Other interest-bearing assets

1,291.9

12.6

3.89%

908.0

6.4

2.80

%

1,155.6

12.7

4.40

%

Total interest-bearing assets/ interest income

39,467.0

510.7

5.18%

34,980.4

481.5

5.51

%

37,766.1

476.1

5.04

%

Interest-bearing liabilities:

Senior notes

617.9

7.1

4.62%

617.1

7.1

4.62

%

617.7

7.1

4.62

%

Deposits

31,525.0

180.6

2.29%

28,445.5

188.0

2.64

%

30,348.1

163.5

2.16

%

Other interest-bearing liabilities

2,182.3

21.3

3.89%

1,620.2

10.1

2.48

%

1,931.0

17.4

3.59

%

Total interest-bearing liabilities/ interest expense

$

34,325.2

209.0

2.44%

$

30,682.8

205.2

2.67

%

$

32,896.8

188.0

2.29

%

Net interest income/margin

$

301.7

3.06%

$

276.3

3.16

%

$

288.1

3.05

%

Stifel Financial Corp. Quarterly Financial Supplement | Third Quarter 2026 Earnings Release

Page 15 of 19

Stifel Bancorp Net Interest Income

Three Months Ended

September 30, 2026

September 30, 2025

June 30, 2026

(Unaudited, millions)

Average

balance

Interest

income/expense

Average

interest

rate

Average

balance

Interest

income/expense

Average

interest

rate

Average

balance

Interest

income/expense

Average

interest

rate

Interest-earning assets:

Cash and federal funds sold

$

684.1

7.3

4.27

%

$

1,302.5

$

15.4

4.72

%

$

954.5

$

11.8

4.93

%

Investments

8,152.2

102.4

5.02

%

7,974.6

110.7

5.55

%

8,383.9

103.7

4.95

%

Loans

25,641.7

352.2

5.49

%

21,659.6

316.5

5.85

%

23,622.9

316.0

5.35

%

Other interest-bearing assets

82.1

1.3

6.35

%

66.3

0.9

5.20

%

68.5

0.9

5.69

%

Total interest-bearing assets/ interest income

$

34,560.1

$

463.2

5.36

%

$

31,003.0

$

443.5

5.72

%

$

33,029.8

$

432.4

5.24

%

Interest-bearing liabilities:

Deposits

$

31,525.0

$

180.6

2.29

%

$

28,445.5

$

188.0

2.64

%

$

30,348.1

$

163.5

2.16

%

Other interest-bearing liabilities

145.1

1.9

5.11

%

142.1

1.9

5.37

%

177.4

2.1

4.66

%

Total interest-bearing liabilities/ interest expense

$

31,670.1

182.5

2.32

%

$

28,587.6

189.9

2.66

%

$

30,525.5

165.6

2.17

%

Net interest income/margin

$

280.7

3.21

%

$

253.6

3.27

%

$

266.8

3.23

%

Stifel Financial Corp. Quarterly Financial Supplement | Third Quarter 2026 Earnings Release

Page 16 of 19

GAAP to Non-GAAP Reconciliation

Three Months Ended

Nine Months Ended

(Unaudited, 000s)

9/30/2026

9/30/2025

Change

6/30/2026

Change

9/30/2026

9/30/2025

Change

GAAP net revenues

$

1,426,211

$

1,429,396

$

1,450,804

$

4,355,176

$

3,969,151

Gain on sale of business (18)

2,866

—

2,500

(44,418)

—

Litigation-related and other (19)

—

2

—

13,145

80

Total non-GAAP adjustments

2,866

2

2,500

(31,273)

80

Non-GAAP net revenues

1,429,077

1,429,398

1,453,304

4,323,903

3,969,231

GAAP compensation and benefits expense

813,494

839,820

833,018

2,494,846

2,346,976

Merger-related and other (20)

(3,463)

(6,704

)

(4,135

)

(25,226)

(13,706

)

Restructuring and severance (21)

(1,174)

(4,065

)

(499

)

(3,504)

(31,106

)

Total non-GAAP adjustments

(4,637)

(10,769

)

(4,634

)

(28,730)

(44,812

)

Non-GAAP compensation and benefits expense

808,857

829,051

828,384

2,466,116

2,302,164

GAAP non-compensation operating expenses

303,092

303,530

318,348

925,195

1,058,945

Merger-related (20)

(4,756)

(5,972

)

(8,921

)

(24,864)

(31,929

)

Non-GAAP non-compensation

operating expenses

298,336

297,558

309,427

900,331

1,027,016

Total adjustments

(12,259)

(16,743

)

(16,055

)

(22,321)

(76,821

)

GAAP provision for income taxes

75,482

74,675

72,961

223,096

143,812

Merger-related and other (22)

2,986

4,375

3,912

5,527

13,997

Non-GAAP provision for income taxes

78,468

79,050

76,873

228,623

157,809

Financial ratios (change in bps):

Compensation and benefits

56.6

%

58.0

%

(140

)

57.0

%

(40

)

57.0

%

58.0

%

(100

)

Non-compensation operating expenses

20.9

%

20.8

%

10

21.3

%

(40

)

20.9

%

25.9

%

(500

)

Income before income taxes

22.5

%

21.2

%

130

21.7

%

80

22.1

%

16.1

%

600

Effective tax rate

24.4

%

26.1

%

(170

)

24.4

%

—

23.9

%

24.7

%

(80

)

Stifel Financial Corp. Quarterly Financial Supplement | Third Quarter 2026 Earnings Release

Page 17 of 19

Footnotes

(1)

All share and per share information has been retroactively adjusted to reflect the February 2026 three-for-two stock split.

(2)

Please refer to the GAAP to Non-GAAP Reconciliation for a reconciliation of the Company’s GAAP results to these non-GAAP measures.

(3)

Book value per common share represents shareholders’ equity (excluding preferred stock) divided by period end common shares outstanding. Tangible book value per common share, a non-GAAP

financial measure, represents tangible common shareholders’ equity (defined below) divided by period end common shares outstanding.

(4)

Return on average common equity (“ROCE”), a non-GAAP financial measure, is calculated by dividing full year or annualized net income applicable to common shareholders by average

common shareholders’ equity or, in the case of adjusted ROCE, calculated by dividing full year or annualized non-GAAP net income applicable to commons shareholders by average common shareholders’

equity.

(5)

Return on average tangible common equity (“ROTCE”), a non-GAAP financial measure, is calculated by dividing full year or annualized net income applicable to common shareholders by

average tangible common equity or, in the case of adjusted ROTCE, calculated by dividing full year or annualized non-GAAP net income applicable to common shareholders by average tangible common equity.

Tangible common equity, also a non-GAAP financial measure, equals total common shareholders’ equity less goodwill and identifiable intangible assets and the deferred taxes on goodwill and intangible

assets. Average deferred taxes on goodwill and intangible assets was $95.0 million, $87.2 million, and $93.1 million, as of September 30, 2026 and 2025, and June 30, 2026, respectively.

(6)

Regulatory capital amounts and ratios are estimates as of the date of the Company’s earnings release, October 21, 2026.

(7)

Includes capital raising and advisory revenues.

(8)

Total client assets and fee-based client assets as of September 30, 2025, include $10.2 billion and $4.8 billion, respectively, of client assets from the Stifel Independent

Advisors business that was sold on February 2, 2026.

(9)

Includes client margin balances held by the Company’s broker-dealer subsidiaries and securities-based loans held at the Company’s bank subsidiaries.

(10)

Includes Private Client Group and Trust Business.

(11)

Includes fund networking fees, retirement fees, transaction/handling fees, and ACAT fees.

(12)

Asset management assets managed in Private Client Group or Trust accounts.

(13)

Return on assets (ROA) is calculated based on prior period-end balances for Private Client Group, period-end balances for Asset Management, and average

daily balances for Individual Program Banks.

(14)

Represents client assets in Treasury Securities with maturities of 52 weeks or less.

(15)

The Company sweeps certain commercial treasury deposits to third-party banks, which can be brought back on balance sheet to support liquidity needs.

(16)

Includes Smart Rate Deposits, Sweep Deposits, Third-party Bank Sweep Program, and Other Sweep Cash.

(17)

Includes net interest, asset management, and other income.

(18)

Gain recognized on the sale of Stifel Independent Advisors during the first quarter of 2026.

(19)

Primarily related to prejudgment interest recognized on legal matters.

(20)

Primarily related to charges attributable to integration-related activities, signing bonuses, amortization of restricted stock awards, debentures, and promissory notes issued as retention, additional

earn-out expense, and amortization of intangible assets acquired. These costs were directly related to acquisitions of certain businesses and are not representative of the costs of running the Company’s on-going business.

(21)

The Company recorded severance costs associated with workforce reductions in certain of its foreign subsidiaries.

(22)

Primarily represents the Company’s effective tax rate for the period applied to the non-GAAP adjustments.

Stifel Financial Corp. Quarterly Financial Supplement | Third Quarter 2026 Earnings Release

Page 18 of 19

Disclaimer and Legal Notice

Forward-Looking Statements

This presentation may contain “forward-looking statements” within the meaning of the Private Securities

Litigation Reform Act of 1995 that involve significant risks, assumptions, and uncertainties, including statements relating to the market opportunity and future business prospects of Stifel Financial Corp., as well as Stifel, Nicolaus &

Company, Incorporated and its subsidiaries (collectively, “SF” or the “Company”). These statements can be identified by the use of the words “may,” “will,” “should,” “could,”

“would,” “plan,” “potential,” “estimate,” “project,” “believe,” “intend,” “anticipate,” “expect,” and similar expressions.

All statements not dealing with historical results are forward-looking and are based on various assumptions. The forward-looking

statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements. For information about the risks and important factors that could affect the Company’s

future results, financial condition and liquidity, see “Risk Factors” in Part I of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. Forward-looking

statements speak only as to the date they are made. The Company disclaims any intent or obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

Use of Non-GAAP Financial Measures

The Company prepares its Consolidated Financial Statements using accounting principles generally accepted in the United States (U.S.

GAAP). The Company may disclose certain “non-GAAP financial measures” in the course of its earnings releases, earnings conference calls, financial presentations and otherwise. The Securities and

Exchange Commission defines a “non-GAAP financial measure” as a numerical measure of historical or future financial performance, financial position, or cash flows that is subject to adjustments

that effectively exclude, or include, amounts from the most directly comparable measure calculated and presented in accordance with U.S. GAAP. Non-GAAP financial measures disclosed by the Company are provided

as additional information to analysts, investors and other stakeholders in order to provide them with greater transparency about, or an alternative method for assessing the Company’s financial condition or operating results. These measures are

not in accordance with, or a substitute for U.S. GAAP, and may be different from or inconsistent with non-GAAP financial measures used by other companies. Whenever the Company refers to a non-GAAP financial measure, it will also define it or present the most directly comparable financial measure calculated and presented in accordance with U.S. GAAP, along with a reconciliation of the differences

between the non-GAAP financial measure it references and such comparable U.S. GAAP financial measure.

Legal Notice

This

Financial Supplement contains financial, statistical, and business-related information, as well as business and segment trends. The information should be read in conjunction with the Company’s third quarter earnings release issued

October 21, 2026.

Stifel Financial Corp. Quarterly Financial Supplement | Third Quarter 2026 Earnings Release

Page 19 of 19

EX-99.3

EX-99.3

Filename: d182962dex993.htm · Sequence: 4

EX-99.3

Exhibit 99.3 Third Quarter 2026 Financial Results Presentation October

21, 2026 Quarterly Earnings Report

Third Quarter Snapshot 3Q26 RESULTS millions, except per share and

ratios NET EARNINGS NET REVENUE EPS 3Q26: GAAP $225 & NON-GAAP $234 3Q26: GAAP $1,426 & NON-GAAP $1,429 3Q26: GAAP $1.40 & NON-GAAP $1.46 YTD: GAAP $684 & NON-GAAP $701 YTD: GAAP $4,355 & NON-GAAP $4,324 YTD: GAAP $4.23 &

NON-GAAP $4.33 ANNUALIZED ROTCE* ANNUALIZED ROCE BOOK VALUE PER SHARE 3Q26:GAAP 16.7% & NON-GAAP 17.4% 3Q26:GAAP 23.0% & NON-GAAP 23.9% TBV $26.05 BV $35.73 YTD: GAAP 23.5% & NON-GAAP 24.1% YTD: GAAP 17.1% & NON-GAAP 17.5% * Please

see our definition of ROTCE in our third quarter 2026 earnings release HIGHLIGHTS Record Third Quarter Increased Loans Net Income by $1.3 billion Record Net Revenue Repurchased 1.6 million Global Wealth Management Common Shares Strategic Investment

Record Third Quarter in Meow Technologies Net Interest Income Quarterly Earnings Report 1

Valuation & Performance Comparison SF RJF MS (1) Price $66.06

$153.44 $178.47 (2) Price/Tangible Book Value 2.6X 2.9X 3.4X (3) Price / Trailing Earnings Per Share 11.2X 12.9X 14.4X (4) Price / Forward Earnings Per Share 9.0X 10.2X 13.0X (5) Earnings Growth 406% 328% 325% (6) Tangible Book Value Growth 154%

151% 66% (3) Return on Tangible Common Equity 26.3% 23.1% 24.6% Sources: Factset, Company Filings & Stifel Research (1) Price as of 10/19/2026 (2) Tangible Book Value as of 6/30/2026 (3) LTM as of 6/30/2026 (4) Forward Earnings Per Share based

on Consensus Calendar 2027 (5) Adjusted Earnings Per Share from 12/31/2016 – 6/30/2026 (6) Tangible Book Value from 12/31/2016 – 6/30/2026 Quarterly Earnings Report 2

Variance to Consensus Estimates COMMENTARY ON VARIANCE TO ANALYST Third

Quarter Results Variance to Consensus Estimates ESTIMATES (in Millions, except diluted EPS and share data) 3Q26 3Q26 Mean % ∆ 3Q26 vs. 3Q25 Revenues Operating* Analyst Results Commissions + Principal transactions $318 $351 (10%) (17%) ■

Commissions & Principal Transactions: Investment banking $306 $294 4% (5%) Asset management and service fees $492 $495 (1%) 14%■ Lower Global Wealth Management, Equity, Net interest $302 $298 1% 9% & Fixed Income Net revenues $1,429

$1,450 (1%) 0% Non-interest expenses ■ Investment Banking: Compensation and benefits 809 821 (1%) (2%) Compensation Ratio 56.6% 56.6% 0 bps -140 bps ■ Stronger Advisory Revenue Non-compensation expenses 298 309 (3%) 0% Total non-interest

expenses 1,107 1,130 (2%) (2%) ■ Stronger Equity & Fixed Income Income before income taxes 322 320 1% 6% Underwriting Revenue Provision for income taxes 78 80 (1%) (1%) Tax Rate 24.4% 24.9% -40 bps -170 bps ■ Asset Management: Net

Income $234 $231 1% 9% Diluted Operating EPS $1.46 $1.44 1% 12% ■ Lower Fee-Based Assets *Non-GAAP ■ Net Interest Income * Impact of Legal Reserves calculated as legal reserves of $67 million, an adjusted tax rate of 25%, divided by the

diluted ■ Higher Average Interest-Earning Assets & average share count. Net Interest Margin ■ Non-Compensation Expense: ■ Lower Investment Banking Gross Up & Credit Provision Quarterly Earnings Report 3

Global Wealth Management GLOBAL WEALTH MANAGEMENT REVENUE HIGHLIGHTS

Sequential millions 3Q26 Y/Y Change 2026 YTD VS 2025 YTD Change ■ Record Quarterly Net Revenue Transactional $196 -3% -5% $606 6% Asset Management 492 14% 8% 1,408 13% ■ Record Asset Management Revenue Net Interest 285 11% 4% 824 9%

■ Record Third Quarter Net Interest Income Investment Banking 7 3% -23% 21 15% Other 1 nm nm 9 -17% ■ Record Quarterly Pre-Tax Income Total Global Wealth Management Net $980 8% 3% $2,869 10% Revenue Comp. Ratio 48.8% 10 bps 60 bps 49.2%

-10 bps ■ Record Quarterly Treasury Deposit Growth Non-Comp. Ratio 13.0% -50 bps -100 bps 13.6% -730 bps Provision for credit loss $8 -5% -37% $27 -6% Pre-tax Margin 38.2% 40 bps 40 bps 37.2% 740 bps NET INTEREST INCOME & NET INTEREST

Pre-tax Pre-provision Margin 39.0% 30 bps -10 bps 38.1% 720 bps MARGIN 3.40% $1,080,000 CLIENT ASSET METRICS $1,060,000 3.35% Sequential $1,040,000 millions 3Q26 Y/Y 3.30% Change $1,020,000 3.25% Total Client Assets $576,482 6% -1% $1,000,000 3.20%

$980,000 Fee-based Client Assets $239,661 9% 0% $960,000 3.15% $940,000 Private Client Fee-based Client Assets $209,744 9% 0% 3.10% $920,000 3.05% $900,000 Client Asset Metrics Include the impact of assets associated with the sale of Stifel

Independent Advisors. 3.00% $880,000 Total Client Assets from SIA were $10.2 bil. on September 30, 2025. Fee-based Client Assets from SIA were $4.8 bil. on September 30, 2025. NIM NII (000s) * Net Interest Income in 9/30/2026 based on annualized

2026 YTD results Quarterly Earnings Report 4

Institutional Group INSTITUTIONAL GROUP REVENUE HIGHLIGHTS Sequential

millions 3Q26 Y/Y Change 2026 YTD 2025 YTD Change Advisory $173 -3% 10% $549 24%■ Institutional Revenue up 8% YTD vs. 2025 Capital Raising $126 -8% -24% $409 23% Equity $69 -13% -33% $238 37% ■ YTD Pre-tax Margin up 530 bps Fixed Income

$58 -2% -9% $171 8% Transactional $122 -33% -21% $431 -17% ■ Lowest Quarterly Comp. Ratio Since 4Q24 Equity $41 -29% -30% $156 -13% Fixed Income $80 -34% -15% $276 -19% ■ Ranked #1 in Municipal Negotiated Issuance in Number Total

Institutional Revenue* $430 -14% -11% $1,406 8% of Issues YTD in 2026 with more than 13% Market Share Comp. Ratio 58.7% -70 bps -70 bps 59.3% -260 bps Non-Comp. Ratio 23.6% 80 bps 220 bps 21.8% -270 bps Pre-tax Margin 17.7% -10 bps -150 bps 18.9%

530 bps * Includes net interest, asset management, and other income IMPROVED PRE-TAX MARGIN INSTITUTIONAL GROUP NET REVENUE 18.9% 20.0% $600 13.6% 15.0% $500 11.5% $400 10.0% $300 $200 5.0% $100 0.0% $0 -0.7% 3Q25 4Q25 1Q26 2Q26 3Q26 -5.0% Advisory

Fees Capital Raising Brokerage Other YTD23 YTD24 YTD25 YTD26 * 2021 revenue based on annualized results through 9/30/2021 Quarterly Earnings Report 5 millions

Expenses Non-GAAP EXPENSE RATIOS NON-GAAP EXPENSES & PRE-TAX INCOME

62% 30% 61% 25% millions 3Q26 3Q25 Y/Y Change 60% 59% 20% Compensation $809 $829 -2% 58% 15% Non-compensation Expense, 58.0% 58.0% 57% $277 $272 2% 57.5% Ex. IB Gross Up & Credit Loss 57.0% 56% 10% 56.6% Credit Loss Provision & IB Gross Up

$21 $25 -17% 55% 5% 54% Non-compensation $298 $298 0% 53% 0% 3Q25 4Q25 1Q26 2Q26 3Q26 Pre-tax Income $322 $303 6% Non-compensation Operating Ratio IB Gross up & Loan Loss Provision Compensation Ratio ANNUAL GAAP to Non-GAAP RESULTS GAAP to

Non-GAAP RECONCILIATION $1,000 $900 (000s) 3Q26 $800 Bar chart header numbers $700 GAAP Net Income $234,143 $600 are a graphic $500 Preferred Dividend $9,320 $400 $300 $200 Net Income available to common Shareholders $224,823 $100 $0 Non-GAAP After

Tax Adjustments $9,273 2021 2022 2023 2024 2025 2026* Non-GAAP Net Income Available to Common $234,096 Shareholders GAAP Net Income Available to Common Shareholders Non-GAAP After Tax Adjustments * For reconciliation of GAAP to non-GAAP expenses,

refer to our third quarter 2026 earnings release. *2026 annual GAAP to non-GAAP results based on annualized results through 9/30/2026 Quarterly Earnings Report 6 millions Compensation Ratio Non-compensation Ratio

Capital Utilization FIRM-WIDE ASSETS & CAPITAL RATIOS HIGHLIGHTS

$50,000 24.0% ■ Repurchased 1.6 million Shares in Open $45,282 $44,908 22.0% $45,000 $42,893 $41,687 Market $41,271 20.0% $40,000 18.0% ■ 6.2 million Shares in Total Authorization 18.7% 18.3% 17.3% $35,000 17.6% 16.0% 17.0% 14.0%■

Loan Growth of $1.3 billion $30,000 12.0% ■ Bank Funding Increased at CAGR of 11% Since $25,000 11.4% 11.4% 10.0% 11.2% 11.1% 10.8% 2021 $20,000 8.0% 3Q25 4Q25 1Q26 2Q26 3Q26 Assets Tier 1 Leverage Tier 1 Risk Based Capital $900,000 DEPLOYING

EXCESS CAPITAL A TRACK RECORD of FUNDING GROWTH $800,000 $80,000 $700,000 $70,000 $600,000 $60,000 $50,000 $500,000 $40,000 $400,000 $30,000 $300,000 $20,000 $200,000 $10,000 $100,000 $0 $0 2021 2022 2023 2024 2025 2026* 2022 2023 2024 2025 2026

($100,000) Capital Generated Bank Growth Bank Deposits Available Funding Common Stock Repurchases Dividends (Common & Preferred) Acquisitions *2026 based on results through 9/30/2026 Quarterly Earnings Report 7 (000s) millions

millions

Concluding Remarks Quarterly Earnings Report

Third Quarter 2026 Financial Results Presentation October 21, 2026

Quarterly Earnings Report

Disclaimer Forward-Looking Statements This presentation may contain

“forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks, assumptions, and uncertainties, including statements relating to the market opportunity and future

business prospects of Stifel Financial Corp., as well as Stifel, Nicolaus & Company, Incorporated and its subsidiaries (collectively, “SF” or the “Company”). These statements can be identified by the use of the words

“may,” “will,” “should,” “could,” “would,” “plan,” “potential,” “estimate,” “project,” “believe,” “intend,”

“anticipate,” “expect,” and similar expressions. All statements not dealing with historical results are forward-looking and are based on various assumptions. The forward-looking statements are subject to risks and

uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements. For information about the risks and important factors that could affect the Company’s future results, financial condition

and liquidity, see “Risk Factors” in Part I of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. Forward-looking statements speak only as to the date they are made. The Company disclaims any intent or

obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. Use of Non-GAAP Financial Measures The Company prepares its Consolidated Financial Statements using

accounting principles generally accepted in the United States (U.S. GAAP). The Company may disclose certain “non-GAAP financial measures” in the course of its earnings releases, earnings conference calls, financial presentations and

otherwise. The Securities and Exchange Commission defines a “non-GAAP financial measure” as a numerical measure of historical or future financial performance, financial position, or cash flows that is subject to adjustments that

effectively exclude, or include, amounts from the most directly comparable measure calculated and presented in accordance with U.S. GAAP. Non-GAAP financial measures disclosed by the Company are provided as additional information to analysts,

investors and other stakeholders in order to provide them with greater transparency about, or an alternative method for assessing the Company’s financial condition or operating results. These measures are not in accordance with, or a

substitute for U.S. GAAP, and may be different from or inconsistent with non-GAAP financial measures used by other companies. Whenever the Company refers to a non-GAAP financial measure, it will also define it or present the most directly comparable

financial measure calculated and presented in accordance with U.S. GAAP, along with a reconciliation of the differences between the non-GAAP financial measure it references and such comparable U.S. GAAP financial measure. Quarterly Earnings Report

10

GRAPHIC

GRAPHIC

Filename: g182962dsp13.jpg · Sequence: 9

Binary file (4275 bytes)

Download g182962dsp13.jpg

GRAPHIC

GRAPHIC

Filename: g182962dsp4.jpg · Sequence: 10

Binary file (42711 bytes)

Download g182962dsp4.jpg

GRAPHIC

GRAPHIC

Filename: g182962dsp5.jpg · Sequence: 11

Binary file (35631 bytes)

Download g182962dsp5.jpg

GRAPHIC

GRAPHIC

Filename: g182962ex99_3p10g1.jpg · Sequence: 12

Binary file (355367 bytes)

Download g182962ex99_3p10g1.jpg

GRAPHIC

GRAPHIC

Filename: g182962ex99_3p11g1.jpg · Sequence: 13

Binary file (449558 bytes)

Download g182962ex99_3p11g1.jpg

GRAPHIC

GRAPHIC

Filename: g182962ex99_3p1g1.jpg · Sequence: 14

Binary file (350652 bytes)

Download g182962ex99_3p1g1.jpg

GRAPHIC

GRAPHIC

Filename: g182962ex99_3p2g1.jpg · Sequence: 15

Binary file (340790 bytes)

Download g182962ex99_3p2g1.jpg

GRAPHIC

GRAPHIC

Filename: g182962ex99_3p3g1.jpg · Sequence: 16

Binary file (264539 bytes)

Download g182962ex99_3p3g1.jpg

GRAPHIC

GRAPHIC

Filename: g182962ex99_3p4g1.jpg · Sequence: 17

Binary file (387299 bytes)

Download g182962ex99_3p4g1.jpg

GRAPHIC

GRAPHIC

Filename: g182962ex99_3p5g1.jpg · Sequence: 18

Binary file (350806 bytes)

Download g182962ex99_3p5g1.jpg

GRAPHIC

GRAPHIC

Filename: g182962ex99_3p6g1.jpg · Sequence: 19

Binary file (308456 bytes)

Download g182962ex99_3p6g1.jpg

GRAPHIC

GRAPHIC

Filename: g182962ex99_3p7g1.jpg · Sequence: 20

Binary file (298546 bytes)

Download g182962ex99_3p7g1.jpg

GRAPHIC

GRAPHIC

Filename: g182962ex99_3p8g1.jpg · Sequence: 21

Binary file (275140 bytes)

Download g182962ex99_3p8g1.jpg

GRAPHIC

GRAPHIC

Filename: g182962ex99_3p9g1.jpg · Sequence: 22

Binary file (309687 bytes)

Download g182962ex99_3p9g1.jpg

GRAPHIC

GRAPHIC

Filename: g182962page004a.jpg · Sequence: 23

Binary file (822 bytes)

Download g182962page004a.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 25

v3.26.3

Document and Entity Information

Oct. 21, 2026

Document And Entity Information [Line Items]

Entity Registrant Name

STIFEL FINANCIAL CORP

Amendment Flag

false

Entity Central Index Key

0000720672

Document Type

8-K

Document Period End Date

Oct. 21, 2026

Entity Incorporation State Country Code

DE

Entity File Number

001-09305

Entity Tax Identification Number

43-1273600

Entity Address, Address Line One

501 N. Broadway

Entity Address, City or Town

St. Louis

Entity Address, State or Province

MO

Entity Address, Postal Zip Code

63102-2188

City Area Code

(314)

Local Phone Number

342-2000

Written Communications

false

Soliciting Material

false

Pre Commencement Tender Offer

false

Pre Commencement Issuer Tender Offer

false

Entity Emerging Growth Company

false

Common Stock [Member]

Document And Entity Information [Line Items]

Security 12b Title

Common Stock, $0.15 par value per share

Trading Symbol

SF

Security Exchange Name

NYSE

Series B Preferred Stock [Member]

Document And Entity Information [Line Items]

Security 12b Title

Depository Shares, each representing 1/1,000th interest in a share of 6.25% Non-Cumulative Preferred Stock, Series B

Trading Symbol

SF-PB

Security Exchange Name

NYSE

Series C Preferred Stock [Member]

Document And Entity Information [Line Items]

Security 12b Title

Depository Shares, each representing 1/1,000th interest in a share of 6.125% Non-Cumulative Preferred Stock, Series C

Trading Symbol

SF-PC

Security Exchange Name

NYSE

Series D Preferred Stock [Member]

Document And Entity Information [Line Items]

Security 12b Title

Depository Shares, each representing 1/1,000th interest in a share of 4.50% Non-Cumulative Preferred Stock, Series D

Trading Symbol

SF-PD

Security Exchange Name

NYSE

M 5.20 Senior Notes Due 2047 [Member]

Document And Entity Information [Line Items]

Security 12b Title

5.20% Senior Notes due 2047

Trading Symbol

SFB

Security Exchange Name

NYSE

X

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

na

Period Type:

duration

X

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- References

No definition available.

+ Details

Name:

sfb_DocumentAndEntityInformationLineItems

Namespace Prefix:

sfb_

Data Type:

xbrli:stringItemType

Balance Type:

na

Period Type:

duration

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type:

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_SeriesBPreferredStockMember

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type:

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_SeriesCPreferredStockMember

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type:

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_SeriesDPreferredStockMember

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type:

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=sfb_M5.20SeniorNotesDue2047Member

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type: