Stifel Financial Reports Strong Q4 Earnings, Revenue Tops Estimates
ST. LOUIS, Mo. - Stifel Financial Corp. (SF) announced net income of $244 million for the fourth quarter ended December 31, 2023. Earnings per share (EPS) reached $2.09, or $2.23 when adjusted for non-recurring expenses.
The investment banking and brokerage firm generated revenue of $1.36 billion during the quarter, surpassing analyst expectations. After accounting for interest expenses, net revenue remained at $1.36 billion.
For the full fiscal year, Stifel reported a profit of $731.4 million, translating to EPS of $6.25. Revenue for the period amounted to $4.97 billion.