Stifel delivers 11.3% profit increase to $224.8 million

• Stifel Financial (NYSE:SF) reported third-quarter 2026 net income available to common shareholders of $224.8 million, up 11.3% year over year, while diluted EPS increased to $1.40 from $1.22.
• Net revenue declined slightly to $1.43 billion, as record Global Wealth Management revenue of $980.3 million was offset by weaker Institutional Group revenue.
• GAAP pre-tax margin improved to 21.7%, client assets reached $576.5 billion, and Stifel repurchased $124 million of common stock during the quarter.

Stifel Financial (NYSE:SF) reported third-quarter 2026 net income available to common shareholders of $224.8 million, up 11.3% year over year, despite slightly lower revenue.

GAAP diluted earnings increased to $1.40 per share from $1.22, while adjusted diluted earnings rose to $1.46 from $1.30 in the prior-year period.

Global Wealth Management revenue increased 8% to a record $980.3 million, supported by higher asset management fees and net interest income.

Institutional Group revenue declined 14% to $430.3 million, reflecting weaker fixed-income trading, reduced equity transactions and lower investment banking revenue.

Client assets reached $576.5 billion, up 6%, while bank loans increased 21% and GAAP pre-tax margin expanded to 21.7% from 20%.

Stifel repurchased $124 million of common stock during the quarter and announced a strategic investment in Meow Technologies, expanding its financial technology interests.