Stifel Reports Third Quarter 2026 Results
Stifel reported Q3 2026 net revenues of $1.43 billion, flat versus a year ago, with record non-GAAP EPS of $1.46, up 12% YoY, and GAAP diluted EPS of $1.40 versus $1.22. Global Wealth Management drove results with record net revenues of $980.3 million (+8%), asset management fees up 14%, and net interest income up 9%, while Institutional Group net revenues fell 14% on weaker trading and investment banking. The company repurchased $124 million of stock in the quarter ($564 million over twelve months), declared a $0.34 quarterly dividend, and announced a strategic investment in Meow Technologies.
Key figures
- Eps
- 1.46
- Revenue
- 1426211000
- Guidance
- CEO: '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%'
- Rotce
- 23.9%
- Bank loans
- 26065000000
- Q3 buyback
- $124.0 million (1.6 million shares at $76.95 avg)
- Ltm buyback
- $564.4 million (7.3 million shares at $77.05 avg)
- Client assets
- 576500000000
- Gaap net income
- 224823000
- Gaap diluted eps
- 1.4
- Quarterly dividend
- $0.34
- Bank loan growth yoy
- 21%
- Asset mgmt revenue yoy
- 14%
- Fee based client assets
- 239700000000
- Net interest income yoy
- 9%
- Non g AAP pre tax margin
- 22.5%
- Wealth mgmt net revenues
- 980293000
- Institutional net revenues
- 430281000
- Tangible book value per share
- $26.05, up 12%
AI analysis
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